USDCHF: Supply Trap 🚀Don't underestimate the dollar strength, although we are trading at a key supply level, take note of the price delivery and equal high liquidity to the left.
We could either push up aggressively from here or see a lure trap before hunting liquidity.
Either way, my bias is set on buys.
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Liquidation
Down-Trend Confirmed, Rejection and Drop to 7,500Strong Rejection from the Upper Resistance trendline Reconfirms DEscending Downtrend of Bitcoi/usdt.
Projected Support Intersection at 7,500.
Fundamental conditions are the root causes of the continuing bitcoin plunge
1 FED Rate Hikes cause strong Risk aversion of Institutionals and Investors, and rotation into Dollar Cash.
2 Continuing wave of BAnkrupcies of Crypt-Frauds, Crypto-schemes and Pyramids only Grows and adds to Bitcoin mistrust by inestors: LUNA. TERRA, Celsius, Voyager and that list grows daily.
3 Liquidation of 140,000 bitcoins from Mt Gox by Court authorities - and anxious owners biting at the bit to finally REALIZE their Profits after years of being unable to do so.
Immediate selloff of a stash that is times bigger than the Musk selloff that caused winter collapse of the price from ATH.
Emphasis: HUNDRED THOUSAND Bitcoins DUMPED ON the Market.
BITCOIN STRONGLY RE-AFFIRMS DOWNTREND. DESPITE Low Time-frame oscillations bitcoin is globally affirming (again) its Daily DOWN-TREND.
This week Rates will be HIKED by the FED again .... Act Accordingly
Brace YOURSELF !!! Now 140,000 bitcoins are starting to be DUMPED on the Market from Lquidation of Mt. Goz confiscated wallets.
The owners of these HUNDRED-FORTY-THOUSAND BITCOINS have waited for the moment to sell for 6 Long years - they ARE GOING TO DUMP on the exchanges 140,000 bitcoins .
Did I mention that in a few days One Hundred Thousand Bitcoins and Forty Thousand Bitcoins are DUMPED on the Market ?
Act Accordingly.
UPDATE #4 BTC/USD bull trap continuation - whale liquidityThis is update # 4 of series to provide an outlook of the trap that took place.
Whales are continuing to grab people on lower time frames and now we are at a critical area.
If BTC breaks 21900. Whales have confirmed trend to the downside and going to be testing 20900.
Good luck everyone this is not a drill. you are in very bad territory if you don't know what you are doing and don't have a plan of action.
Drop a boost if you like the content.
I see potential in the start of the next month but short term within end of this week and start of the next it looks ugly.
Nothing I say is financial advice and/or should be taken as such.
I am just a nobody and you should not take anything I say/write into any consideration, as I am dumb as a tack.
USDCAD: Weak Order Block ⁉️After successfully predicting the collapse to complete compression, we are now faced with a weak order block again.
The rejection is poor and the lack of volume is likely attracting many buyers to trap.
I would like to see a lure, followed by a total collapse to wipe the order block zone.
I will keep you updated.
Possible RoadMap For BTC! Will It Play Out?Hello Traders & Spectators,
When looking at BTC, we can see that it is currently trading in a range similar to the one right before the last sell-off to the 17k zone. I went ahead and did a fractal to see how this may play out in the upcoming weeks. So far, it's very interesting how close the candle patterns are. This should be fun to watch over the next few weeks and tbh I wouldn't be surprised if it plays out exactly. My target is 13k. This fractal shows 9k... Not impossible with today's geo-political issues and mass liquidations and stopped CENTRALIZED Exchanges. NOT YOUR KEYS, NOT YOUR CRYPTO.... right?
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
⚡️ #BTC OUTLOOK - 30/06 ⚡️⚡️ #BTC OUTLOOK ⚡️
80:20
Bearish:Bullish
Broken Local Support - very Bearish Fundamentals with 3Arrows Liquidation
Bull Play
Getting back above $20k before US comes online & breaking out of RSI Daily Trendline to then target CME Gaps
Bear Play
Sub $20k when US comes online likely to test $17.5k max pain could be $14k territory
Analysis on chart
Short term (very) Bearish BTC and ETH. Very long term Bull.Why I think BTC will fall further to $7,500. (ETH will most likely fall with it)
1. Long term support trends 'extension' resides around $7,500
2. Bear flags 1 & 3 ( flagpole #2 and flagpole #4) price estimates consolidate at the long term support trend area around $7,500
3. Elliott Correction Wave C started at the November 2021 peak, and the 5-wave impulse that makes up Wave C consolidates around $7,500.
Some very Large investment funds ( like 3AC and MicroStrategy ) are getting close to a margin call. Any collateralized BTC will be sold and may cause a cascading effect in liquidity pools.
If any large LP with high TVL amounts get effected, we may see a 'bank run' on LPs. This could then effect leveraged traders who then get margin called.
Any ETH locked up with BTC as collateral will get wrecked, further crashing the market, and (of course), people will panic sell during all of this.
...but, maybe all this just never happens and BTC hits $1 million this year?
BTC Cycle Bottom - Bearish Liquidation Scenario ConsiderationsHi All,
I thought I would do a quick post this Sunday night I have been meaning to do for the last week or so to cover the bearish scenarios and max possible bearish scenarios I think may be possible for BTC current thinking is proven incorrect.
My current thought process for a potential new cycle bottom for BTC follows my reasoning in the below charts. Will be fun to see how wrong or right this is as we track close to activating the CBI (Cycle Bottom Indicator).
The above providing invalid with the LOG support lines and we do not hold the 300W SMA levels; the risk in the market as I see it for Btc is with the significant leveraged positions whales will find it hard to resist not to target.
See some FUD on this topic below.
fortune.com
If liquidation levels are hit, I do expect volatility and may see some COVID / may 2021 price action volatility.
This would provide an amazing opportunity for Whales (and the like) to scope up some BTC at high volumes and low slippage on exchanges.
However, such volatilities will make it hard to know at what price range the next accumulation range will sit over the short run.
For this scenario, BTC will be historically in uncharted waters in terms of where it has been on many metrics in terms of over sold. We have no other inputs at these low levels to go by other the confluence of TA and market structure.
The chart in this post looks at market structure, Order Block Support over the Daily (Blue), Weekly (Orange) and Monthly (Orange), and Fixed Range Volume Profile (FRVP) from the COVID bottom, Cycle bottom and our 2017 ATH (All Time High) , and the FIB from the COVID bottom to our Cycle ATH (on the log chart settings for price).
I have done this analysis on the BINANCE BTC UTC chart as this has very good volume representation of the market.
Key Confluence levels which may hold up as support in a liquidation panic dump are shown in Navy Blue
* ~USD$19,798.68 MARKET STRUCTURE SUPORT
* ~USD$16,474.49 MARKET STRUCTURE SUPORT
* ~USD$13,670 MARKET STRUCTURE SUPORT
* ~USD$11,820 MARKET STRUCTURE SUPORT
* ~USD$9,157 MAX PAIN - (CME GAP bottom 9630 to 9,157) - MARKET STRUCTURE SUPORT
MAX PAIN levels would close the CME GAP at the ~$9,630 levels. GAP Boys from 2020 may finally be happy if big money can push markets down to these levels (would be a crazy ride).
See below chart for a supporting post explaining CME BTC Futures GAPS
NOTE: FRVP represents the volume of traded BTC for the horizontal price over the selected range. The longer the gray bar, the more volume traded at that price level over the selected range. Price generally respect levels of high FRVP.
BNB multi-billion dollar fund liquidation!🔥Subscribe to the channel, get notifications about signals!🔥
#BNB
▪️I think we can correct lower to $190, for bitcoin $17500-18000. I will consider longs when we trade above the purple line.
💎Already heard about liquidation/bankruptcy of several multi-billion dollar funds. Think about it, they are hardly controlled by fools, there will always be a smarter, more cunning person.
BTC multi-billion dollar fund liquidation!🔥Subscribe to the channel, get notifications about signals!🔥
#BTC update
▪️We can correct lower, 17,500-18,000$. I want to see the payoff, it will be possible to consider longs when we trade above the purple line.
💎Already heard about liquidation/bankruptcy of several multi-billion dollar funds. Think about it, they are hardly controlled by fools, there will always be a smarter, more cunning person.