Bitcoin (BTC) Called last two moves perfectly. What next?
Updated
For my technical analysis, it is not doing the expected TA things. Instead, I will now be monitoring whale movement as It allowed me to call the last two moves perfectly. I was able to long 6600 adding at 6570 which I also called would be a stop hunt (which did happen). Once you understand the big money you can ride with them. Right now they are looking to enter short when retail buys.
Therefore, they need a higher high past 6800. We will almost certainly go past 6800. However, note that the previous 6700 was being distributed on by the whales, who were able to short into retails long. I saw this and therefore predicted buying pressure would dry up and a drop would happen.
I also noticed a big wall being moved to 6600 right before the dump. I expected 6600 to be the long target as that is almost certainly a big wall. Usually, they hide the walls only to move them during the move so they cannot be front runned by us. I was able to long 6600 and 6570.
Long:
Below 6720
Short:
From 6800 to 7100. I believe 7000 will be the big resistance.
A big whale I talked to that was in on the Bitmex maintenance pump told me his shorts started from 6900. That is why I expected a big rally to 7000 and expected huge amounts of retail buying.
Thanks for viewing! You may message me if you have any questions. I will respond to everything. The calls can be found in the related ideas.
Therefore, they need a higher high past 6800. We will almost certainly go past 6800. However, note that the previous 6700 was being distributed on by the whales, who were able to short into retails long. I saw this and therefore predicted buying pressure would dry up and a drop would happen.
I also noticed a big wall being moved to 6600 right before the dump. I expected 6600 to be the long target as that is almost certainly a big wall. Usually, they hide the walls only to move them during the move so they cannot be front runned by us. I was able to long 6600 and 6570.
Long:
Below 6720
Short:
From 6800 to 7100. I believe 7000 will be the big resistance.
A big whale I talked to that was in on the Bitmex maintenance pump told me his shorts started from 6900. That is why I expected a big rally to 7000 and expected huge amounts of retail buying.
Thanks for viewing! You may message me if you have any questions. I will respond to everything. The calls can be found in the related ideas.
Note
Right now it is very obvious we are being slowly sold into. I am hoping they let us rally to a higher high which will provide more liquidity and a perfect entry for our shorts. When it looks very bullish yet there is insane selling, we know that is likely the top, which is exactly what happened for 6750.
Note
So far possible we get bullish break. Do not buy now. There is too much risk.
Ethereum also looking to be in a triangle that will almost certainly break down. You may short Ethereum aswell.
Note
Still within ascending triangle. Bullish.
Note
Start shorting from 6800 but make sure your short average is above 6900 with liquidation price above 8000. Do not use all your capital so you can react if things go wrong.
Note
Short from 6800 to 7100.Trade active
This is what liquidity hunting is. We get a higher high creating bullishness from retail which creates enough liquidity for big money to enter short.I am short from 6950 and will add more if price increases.
Trade closed manually
New chart updated. Please view the new chart.Note
If you are short from 6840, do not worry. Add if we go to 7000+ so you may have a better short average.
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