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Liquidation

BTCUSD- Downside Projection 21K If we take a look back at the 2017-2018 Crypto run up and sell off the similarities in price action are eerie. I went through studying all the moves trying to find a proper price target based on measured moves with little success. However, today I had a realization, once BITSTAMP:BTCUSD was unable to rally, and a large liquidation through $30000, I realized that we could be on track for another 50% downturn from this level as distribution continues. Comparison - Here is an image of the 2018 drop and as we can see their similarities are glaring. Bitcoin made a new high moving up 492% from a swing low. Dominance fell off sharply right before this high was made topping out around 71. This was followed by a sharp drop in dominance. Despite this, the price of Bitcoin continued its rally finally running out of gas at 19666. Here is where things really become interesting. Ethereum the second most popular cryptocurrency at the time (coinmarketcap.com), began to go on an insane rally. After making all time highs with bitcoin, it pulled back with bitcoin but from its swing low of 501, it pumped 183%. ETH just completed an identical pattern putting in a swing low and rallying 125%. As the ETH high was put in, Bitcoin continued to oscillate in a small range and began to lose dominance at a very rapid rate. From the ATH to the bottom of dominance bitcoins price dropped 36%. Today's measurements show a 34% drop but the pattern between highs and in dominance in price are identical. Once Ethereum put in new highs, It sharply dropped and the crypto market was all downhill from there. Bitcoins dominance finally bottomed out yet prices across the crypto market continued declining rapidly. If today is the bottom of Bitcoins dominance (beginning to look that way) I wholly expect for the market to continue lower. Bitcoin regained a dominance of over 60 after 241 days down trending The price change during this time was a drop of 58%. I expect for BTC.D to be able to top 60 in half of that time as this bear cycle pans out. Key Differences - While theoretically, history would suggest that Bitcoin drops 80% off highs however, this seems unrealistic without major fundamental shift. Integration into businesses and money transferring apps gives Bitcoin lots more value than it had during 2018. People are interested in Cryptocurrency but the liquidity retail has brought into the market is a double edged blade. On the one hand, there is more money going into a product with a cap on supply which will always raise price, on the other hand there is more liquidity for short sellers to take advantage of. Another aspect that has changed is institutional investing. With larger interests now holding bitcoin due to incredible alpha and versatility such as protection against inflation (something that has not been present recently but I will save it for another post) is a huge win for Bitcoin. Many institutions would likely find Bitcoin a steal at 21K as it continues to grow mainstream. These differences are the main reason I only project a 50% drop in price for bitcoin. That being said, these are only my thoughts and there could be a drastic change in Bitcoin in the near future that completely changes the market, I will update this idea if that is the case. Conclusion - I hope whoever is reading this was able to take something away from it. Feel free to leave a comment with your thoughts or a conflicting view. Meaning of Lines Red Dashed- Dominance Low Green Dashed- Dominance High Gold- Price High
BITSTAMP:BTCUSDShort
by crawfordpaul
2
BTC- Rise- pullback- liftoffAlmost two months into the uptrend and,it seems that BTC is well into the green zone judging from the weekly timeframe. Bitmex OI just hits 10 figures, but I want to see a little bit more volume. Binance OI is rising steadily and long consistently hovers above 50% the past 30 days. We can assume the rise of OI coincides with the rising bullish sentiment. Overall, volume is rising steadily across all exchanges over the past 30 days which validates the uptrend movement. Ongoing shorts liquidation at the time of this writing... I think BTC is due for another pullback to sub 9k area or it may attack 9.8k- 10.3k region, then retraces back to between 8.6k to sub 9k. Mid -term outlook looks bright for BTC :)
Long
by Libratus
2
Bottom shorting and BitMEX 10x liquidation level CONSPIRACYThis chart shows levels at which people entered short and the levels at which they liquidate using 10x leverage on BitMEX Blue boxes short entry Red boxes liquidation level Volume profile indicator seen on the left was used to determine this. WHITE - BUY VOLUME GREY SELL VOLUME Life is full of coincidences right? Look at how quick liquidation levels are reached after shorting the bottom Then look how quickly the price drops again afterwards. Still think trading contracts on BitMEX is a good idea? The indicator is only available with a trading view subscription If you don't already have one, please use my referral link. Click the link then go to sign up. tradingview.go2cloud.org If you noticed the Dynamic RSI indicator at the bottom, Yes it indicates buy and sell levels and supports alerts. For more info please head over to this Telegram channel for details on how to obtain. t.me Just mention Flinty sent you
COINBASE:BTCUSD
by paulflint
BTCUSD: Xmas bullrunHello guys and gerlz, today I will speak about BTC. After prolonged consolidation 7040-7230 BTC has finally broke out and hit not only one resistance but two. The first resistance 7230 is the range's high, the second resistance is 7450 which is also a significant HTF resistance. Price provided beautifull sell set-up when H1 bar closed respectful of the 7230 level. That also provided SFP of the range high so many traders including myself did go for that short opportunity. It didn't last long because price rpoceeded further up shortly. I believe the best now is to buy pullbacks the nearest one of my interest being 7400-7470. But attention! During strong tren moves price is unwilling to provide comfortable entry opportunities. Next target for bulls is 7890 which is the HTF range high, marked also as the high of the triangle (see HTF picture below) Successfull breakout would send price to 9 keks. Trade carefully
BYBIT:BTCUSD.PLong
by rfelchuk
BTC in danger of a complete meltdownDecided to do a little follow up on my previous idea (below, under "Related ideas"). It took longer than expected but we finally seem to be getting that downside move. 12h time - frame says it the best here really: 1. my MAs are having a nearly perfect sell signal 2. structure on the lower time - frames has been clearly broken 3. 9350 is the key pivot here, yesterday we closed below it and so far we are pushing off of it 4. when it comes to bitmex funding longs are STILL paying shorts and I imagine sooner or later a lot of the people are going to get either stopped out or are going to close their positions which could lead into a absolutely nasty sell off 5. I could go on and on.. As far as targets go I am looking toward the white rectangle and the 0.618 retracement. What I would really like to see is for PA to take out the lows of that whole consolidation around the 8k region and quickly go back up - that would imply a liquidity run for the bigger players to fill in their longs to ultimately send BTC to 11k and beyond. As always, nothing is guaranteed, have a SL and don´t be stupid. Feel free to follow me on Twitter as I post a lot of quality stuff there: twitter.com Take care.
BITMEX:BTCUSD.PShort
by Mansasuma
3
How to not get liquidated and relax in the tradeLets face it we all do it, we want that $btc quick and easy so what do we do... LEVERAGE!!! and what is the subsequent fallout of a leveraged position ANXIETY, PANIC, SLEEPLESS NIGHTS (unless you get the optimum entry) So if we are gambling in a mid range between supports and resistance how do we trade either direction and feel safe, or relaxed? Its simple really... DO NOT USE LEVERAGE BEYOND YOUR SAFETY ZONE But what is my safety zone? Lets look at the charts, we can see we have had a big candle, everyone is saying 3-6k but we want to long or even short it down further although some are saying 16k October - confusion?? So we look at the dailyo chart, and eye up some support and resistance zones. Once identified we add the pivots to reveal P, R1, S1 etc. Do those pivots line up with our S/R zones? yes OK so when we make a trade we dont do 50x off the bat, instead we ease in to the trade. So 1x... what is the liquidation engine prompting you, is the liq below/above the identified support/resistance zone... yes - enter trade then 2x - still above below... add to position 3x 4x etc etc If you find you are 10x and your liq is above support (long) or below resistance (short) then reduce your position size or simply do not enter that heavy - easy right? What we dont want is to be mid range going high leverage.. thats called gambling. Unless you have identified a strong/weak point of the market and you are certain of direction then trade safe, trade low lev and wait for confirmation. When in profit move stop loss ...and always protect your capital. Finally = Trade responsibly
BITSTAMP:BTCUSD
by cooper_5e