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Liquidations

Pre-Pandemic Level Incoming!!All markets are targeting the levels they were trading at right before the PANDEMIC CRASH! Keep in mind these were the natural levels that were unaffected by the massive supply of funds that were injected into the economy. It only makes sense that we reach those levels again for an official reset. LEVEL SHOWN! Love it or hate it, hit that thumbs up and share your thoughts below! Every day the charts provide new information. You have to adjust or get REKT. 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.
Short
by rnaofs
4
EUR/CAD: Sell in the supply zoneEuro/Canadian Dollar look that price don't have strength to continue up, but we forming a indecision in the market with a possible market trap for who long EUR/CAD in this point of market liquidation. I don't see long position, by the contrary, we would need to break out this structure of this resistance zone. I hope that this anaysis support you very well shorting EUR/CAD Good luck I put a sell roder limit to $1.3190 CAD, Stop Loss to $1.3244 (-54 pips) and take profit $1.3044 CAD (146 pips)
Short
by harisonhbn9718
5
How did Open Interest tell me: Stay long as BTC Dumped!?!BYBIT:BTCUSD I was in 3 long trades as Bitcoin dumped on the 26th of May 2022. I had 2 choices. Close my longs because I saw price dumping below my entry or look at what Open interest was telling me to determine if this was a fakeout. I saw price dropping as OI was dropping. This meant that longs were closing out their positions, which means that when this ended, price could reverse quickly. Longs were closing out their positions and re-entering as shorts. As soon as this selling dried up, Longs started entering and then suddenly shorts were being liquidated, pushing the price up again. This is known as a stop run. Hit long stops and then hit short stops. Be aware of this kind of fakeout as it happens again and again! Learn to trade the retest and why it is important not to short at support and inversely why it is NB not to long at resistance, UNLESS you get a retest of that level! Not financial advice, DYOR. Papertrade before using real money. If this educational snipped helped you, please consider giving it a thumbs up and follow for more like this! Trade Safely and Learn something every day! Shawn
BYBIT:BTCUSD.PEducation
by zartraderguy
$120 billion liquidated in Bitcoin and EthereumBitcoin and Ethereum prices plummeted by 2.5% over the past hour as liquidation across exchanges crossed $120 billion. $114 million in long positions in Bitcoin and Ethereum were liquidated, fueling a bearish narrative among investors. Analysts predict Bitcoin price will drop below $39,000 support, and Ethereum struggles to move past resistance at $3,043. Bitcoin and Ethereum prices struggle to move past resistance as the crypto market downturn forces $120 billion in liquidations. 95% of the liquidations are in long positions in Bitcoin and Ethereum. Bitcoin and Ethereum prices prepare for a drop with mass liquidation Bitcoin and Ethereum prices witnessed a 4% drop overnight as $120 billion in BTC and ETH positions were liquidated within an hour. Based on data from Coinglass, a crypto data analytics firm, 95% of the liquidations occurred in long orders.
Long
by IPatrice
BTC swipe spot stops and trap shortsPretty obvious h&s here on weekly chart. I don't think this is the top because of the cycle theory and the fact that as long as BTC holds 38-40k we're still in bull trend. A drop down to 38k-42k will just make a hidden bullish divergence on weekly, and from there go straight toward 70ks Alts have been exploding recently and the Bitcoin dominance chart is at the support. I find this to be similar to May 2017 where BTC dominance found support and dominance increased by 26%. Just taking 20% from the alt market of $1.33 trillion would be $266 billion. Add the $266 billion to BTC's market cap and divide the total by the number of coins in circulation you get the value of around $70k I think the best play here is to buy BTC if it drops to 38-40k, maybe buy some alts if they are showing strength vs BTC. Then as BTC gets to around 70k, I think it would be good to move into alts. Tldr: I think btc drops to $38k-$42k, traps shorts, clears stop losses, and then reverses hard and makes a move toward $70k. Take it easy, buy some BTC and wait. Then convert into alts when BTC reaches $70k. Let me know what you think, Thanks
COINBASE:BTCUSDLong
by bunge_e