What if we don't get a 25.2k fake-out?
Updated
Sentiment on the ever-amusing Crypto Twitter is:
(RETAIL) 'bull market is on. Bitcoin retest of weekly 21 ema (20900) can't break it, never done this, never done that...'
({GOOD} TRADERS) 'max short the deviation/ bull trap above 25.2k'
(ME) 'liquidity either at 29-30k or below 22.5k. No short liquidations at 25.2k deviation so not likely to happen. Double top already printed, sideways chop creating doubt both sides. Dollar breaking out. Spx breaking down. Low leverage. Hedge once in profit and near liquidity pools. Cut losers. Ride winners. Open-minded and positioned for everything. Come at me bro xD'
TLDR; everyone is looking for that scam price action to enter short with the market maker above 25.2k but liquidation charts show no interest there for high leverage: not going to happen.
(RETAIL) 'bull market is on. Bitcoin retest of weekly 21 ema (20900) can't break it, never done this, never done that...'
({GOOD} TRADERS) 'max short the deviation/ bull trap above 25.2k'
(ME) 'liquidity either at 29-30k or below 22.5k. No short liquidations at 25.2k deviation so not likely to happen. Double top already printed, sideways chop creating doubt both sides. Dollar breaking out. Spx breaking down. Low leverage. Hedge once in profit and near liquidity pools. Cut losers. Ride winners. Open-minded and positioned for everything. Come at me bro xD'
TLDR; everyone is looking for that scam price action to enter short with the market maker above 25.2k but liquidation charts show no interest there for high leverage: not going to happen.
Note
apologies, when i publish the chart, it publishes all fkc'd up compared to what i'm looking at; the image has movedyou can just about see the text if you scroll over it....
but basically there are longs to liquidate at 19700-22500
there are shorts to liquidate at 29700-30700
but there is nothing at 25200-26500
Note
This also means we can head to 29.7-30.7k btwBut negative divergence, DXY breakout and SPX weakness does give a higher probability to the 22500- area
DO remember there are no guarantees in trading, just probabilities and you should manage risk
Likely if we do create deviation above 25.2k and many shorts enter; we may rocket to 29-31k and everyone will get rekt. Their shorts will fuel that price action if it is heavy...
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