Bitcoin 19.05.2023
Updated
The last break we can interpret as reaching the liquidity zone (which means that there was a concentration of stop losses and other positions) is a book example, after such a liquidity selection we expect an upward movement. In this case we saw an impulse movement and a return to the range of 26800 -28900-31000. And now we are around 27k.
Also we see liquidity zones from below, which we can reach both at the top ( red box) and at the bottom ( green box).
What's the global picture right now, 5 months of growth, at the peak +90% of the bottom. In those 5 months we've seen a rush: on Chinese blockchains, LSD, Meme, BRC20, AND other with the last two attracting new participants who are just asking what to buy to get rich.
On the logistical curve this is the last stage. Now most people are in the market with altcoins because they have more upside, but also more downside:)
Some think we will go to take liquidity from above ( red boxes) but this crowd will start to fix their positions, in zero or near zero, so I do not see the point in the pump, so I am out of the market now, just watching and looking for an entry point to short. And I'm waiting to buy back the flash crash
Best regards EXCAVO
Also we see liquidity zones from below, which we can reach both at the top ( red box) and at the bottom ( green box).
What's the global picture right now, 5 months of growth, at the peak +90% of the bottom. In those 5 months we've seen a rush: on Chinese blockchains, LSD, Meme, BRC20, AND other with the last two attracting new participants who are just asking what to buy to get rich.
On the logistical curve this is the last stage. Now most people are in the market with altcoins because they have more upside, but also more downside:)
Some think we will go to take liquidity from above ( red boxes) but this crowd will start to fix their positions, in zero or near zero, so I do not see the point in the pump, so I am out of the market now, just watching and looking for an entry point to short. And I'm waiting to buy back the flash crash
Best regards EXCAVO
Note
Note
Waiting for 24.8 firstNote
We had a plan and we stuck to it:)It's not a flash crash, but we see the trend - the pressure on the cryptocurrency industry from U.S. regulators continues
Note
break out uptrend channel
GET VIP group + EXCAVO portfolio for FREE
Register
partner.bybit.com/b/excavo
AFTER TXT TO
t.me/excavo - admin
t.me/excavonews
t.me/excavochannel
Register
partner.bybit.com/b/excavo
AFTER TXT TO
t.me/excavo - admin
t.me/excavonews
t.me/excavochannel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.