MM taken away all SL and liquidations and ready push price above 롱

Bitcoin / TetherUSBinance

설명

⋅ 2022년 5월 27일 오후 2시 21분

Hello my friends, today I want to talk with you about BTC .

Bitcoin in price range is already more than 2 weeks and yesterday happened something interesting.

Market maker (MM) drop price below down part of range and take away all stop losses and liquidations which was a lot in range 28600-28000 $.

Now I think the way up is open and price can in next few days grow for a start to resistance level 31.000 $

After price will exit from range upward, we can see re-test of level 31.000 $ and then next impulse, current target I see at level 33.500 $

So be ready for such scenario.

This is an article, not financial advice, always do your own research.

If you have any questions, you can write it in comments below, and I will answer them.

And please don't forget to support this idea with your like and comment, thank you.

Trend Analysis

코멘트

timbrecoin1

⋅ 2022년 5월 27일 오후 2시 41분

I hear hope without actual data or facts to back it up. I don't quite understand why you are continuing to use this sideways channel story when the trend is clearly a descending triangle. There is decent support sitting on the bottom mind you, but we've seen sellers break through large blocks like butter lately, with little upside buying. On top, still large resistances to break through, and this last pattern is now a fully inverted cup and handle on 4hr.

Also, a friendly heads up on USDT, already depegged once when BTC broke down to 24.6k (which of course isn't shown on the chart your using).

Safe trading!

Rayman13XX

⋅ 2022년 5월 27일 오후 3시 47분

@timbrecoin1, Dear Tim i have to reconfirms the fact that you are absolutely on the correct turn and on top of that, if there will be the start point for the New cercal of the crypto impulse there will be 22164K as the start of the uptrend and that will be the good case setup unless the sellers chose otherwise ( 22164 is the 200MA W CHART which bounce will be get please eventually )
Just the idea

rednight3

⋅ 2022년 5월 28일 오전 5시 45분

@timbrecoin1 I completely agree with you

Claykitesurfer

⋅ 2022년 5월 28일 오전 7시 51분

@timbrecoin1, My 2 cent addition, previous long wick stop hunt + your descending triangle + coming false breakout Short wick stop hunt & then down... just to demoralize as usual.

timbrecoin1

⋅ 2022년 5월 28일 오후 1시 31분

@Claykitesurfer very possible. However, as a devil's advocate approach, here's my reversal scenario, descending triangle morphs into falling wedge until next FOMC meeting, then the market decides. This would be max pain for bears. Until then I'm bear as usual, but I'm a cautious bear..

Claykitesurfer

⋅ 2022년 5월 28일 오후 2시 32분

@timbrecoin1, yes some quality markers setting up. Will be fun.

voldemortbk95

⋅ 2022년 5월 28일 오후 3시 26분

@timbrecoin1, I agree that the trend is descending triangle but you must notice that the information everyone knews is the useless information. Whale also know that and fish never can buy the dip

timbrecoin1

⋅ 2022년 5월 30일 오전 8시 3분

@voldemortbk95, the solution being: Go fishing for whales!

Gunslinger2005

⋅ 2022년 5월 29일 오전 2시 33분

@timbrecoin1, clearly btc is sideways

timbrecoin1

⋅ 2022년 5월 30일 오전 7시 57분

@Gunslinger2005, trend is down leading with a horizontal support at 28.5k, which would suggest a descending right triangle more than simply sideways. With the down wicks as of recent one could suggest these were either false breaks of the triangle, or, a falling wedge, or more simply, a descending channel. But hey, lines and patterns are like Rorschach tests, they're open to interpretation, and can and often do change, and are also manipulated by whales. The important part is to get good trades out of them while they last. Anyways, let's see what comes of this break up here. Cheers!