$BTC
Did you listen to my warning yesterday? I've clearly warned you that there's lots of liquidity downside. I gave you the exact top for ETH. Since then, market has been dumping like there's no tomorrow. In the past 24 hours, $460M liquidations occurred (check 1st screenshot) where the majority was on the long side. Now what's next?
USDT.D: As you can see in the 2nd screenshot, there's lots of liquidity boxes on the both sides. But market doesn’t take all the liquidities from one side altogether. Market takes some liquidity from one side, then goes to the opposite side & it goes on and on and on. On the daily timeframe, USDT.D is forming a falling wedge. Using fibonacci, we can see that a pullback is expected for USDT.D which should bring some relief to the market.
TOTAL3: I was talking about the trendline retest on TOTAL3. Here goes the retest. Using fibonacci, we see that it's on the strong support box. So, we can expect rally for the alts from here. However, breakdown of the yellow box (check 3rd screenshot) will bring heavy selloff on alts. Be aware of that.
All in all, I'm expecting some pump here & there on alts. I'll pick some alts for scalp. But I'll be very careful about the yellow box since losing it will be very bearish. All the best to you all.