Weekend Outlook: A Shift from Fear to Opportunity in the Bitcoin
Updated
Dear Readers,
In the wake of yesterday's return of fear to the market, today we turn our attention to the weekend forecast. Wouldn't it be a refreshing change if, after so many long positions were liquidated in
BTCUSD, the weekend could bring a shift where the shorts are next in line?
Based on the liquidation heatmap, there's a significant cluster of short positions poised for liquidation around the $71,600-$72000 mark. With the previous day's market tremors shaking out a considerable number of longs, the potential reversal over the weekend could offer a compelling narrative for traders looking for entry points or defensive maneuvers.
This scenario presents a unique opportunity for traders to capitalize on the possible short squeeze. For those of you who are vigilant and ready to act, this could be a moment to watch closely. As always, manage your risks wisely and stay tuned for further updates.
Wishing you all a profitable weekend,
ChartScope
In the wake of yesterday's return of fear to the market, today we turn our attention to the weekend forecast. Wouldn't it be a refreshing change if, after so many long positions were liquidated in
BTCUSD, the weekend could bring a shift where the shorts are next in line?Based on the liquidation heatmap, there's a significant cluster of short positions poised for liquidation around the $71,600-$72000 mark. With the previous day's market tremors shaking out a considerable number of longs, the potential reversal over the weekend could offer a compelling narrative for traders looking for entry points or defensive maneuvers.
This scenario presents a unique opportunity for traders to capitalize on the possible short squeeze. For those of you who are vigilant and ready to act, this could be a moment to watch closely. As always, manage your risks wisely and stay tuned for further updates.
Wishing you all a profitable weekend,
ChartScope
Order cancelled
high-risk play which didn't play out. the overall trend is active. Down to $50-60k. W Pattern and then up
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