BTC - Where Is The Money?
Updated
Analysis:
- Liquidity Points
Money Level Bulls: $64899
Money Level Bears: $50305
Money Level Bears: $46219
Money Level Bears: $43016
Opinion:
Markets seek liquidity in the form of stop losses aka liquidation levels
I have laid out the daily levels of liquidity for both the bulls & bears
After the serious liquidation at $55400 lets see which way BTC decides to go
Overall I am still long term bullish even if we go lower
If you are bullish then you should be buying at the lower money levels if we reach them :)
If you are bearish then you should be selling at the higher money levels if we reach them :)
- Liquidity Points
Money Level Bulls: $64899
Money Level Bears: $50305
Money Level Bears: $46219
Money Level Bears: $43016
Opinion:
Markets seek liquidity in the form of stop losses aka liquidation levels
I have laid out the daily levels of liquidity for both the bulls & bears
After the serious liquidation at $55400 lets see which way BTC decides to go
Overall I am still long term bullish even if we go lower
If you are bullish then you should be buying at the lower money levels if we reach them :)
If you are bearish then you should be selling at the higher money levels if we reach them :)
Note
Will we liquidate $50305OR
Will we start the bull run towards $64899
:)
Note
Liquidation @ $50305Note
Bought BTC @ $49171 Stop Loss @47871 Risk 2.5%Note
Exited BTC 1% Loss Will Look For Re EntryNote
Can we get a bounce off 50305???If we bounce we are headed for new ATHs
If we keep dropping lower then the next money levels are in play!
Note
Executed Long Position @ $49666Note
Stop Loss Hit 2% LossNote
Executed Long Position @ $54897Note
Exited Long Position @ $57500Note
Looks like we had another LIQUIDATION @ $46219Next level of interest is at 43K...
If we clear this I think the crypto world is going to lose its mind
Understand this is the time to be BUYING not panicking or selling your coins
BUY THE DIP
Note
LIQUIDATION @ 43K I am expecting a BOUNCE around here so expect a bullish move this week on BTC
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