pcmonk

BTC performed a Stop Loss Hunt.Where is BTC next stop ?

BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
Bitcoin Head and shoulder pattern played out

We could call this pullback to its origin of dump an Stop Loss Hunt. in this case the upside move needs to be retraced back down and even some more dumpage has to happen (likely to happen)

Around 24.4 theres around 6000M liquidation cluster which I think its in play

If it continues up there is a possibility for 30K to happen ( less likely)
There was some high leverage that has been removed with the pump and liquidity to the upside is kinda empty

Thank you for watching

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