$BTC 3 Month Liquidation Heatmap
Asia is on a mission tonight!
We might end up seeing a full clear of Macro Liquidation this week...
Cut in half since Asia took the stage.
Little left between 60-62.5k
Think London or US finishes it off?
Asia Destroys $BTC, Again
So far, they've sold off by 5% in just under 4 hours. They're just getting started.
Heaviest macro chunk of liquidation swept at 64k.
Last line of defense is the 3d low from February at ~$63k.
Careful trading tonight (i.e. don't)
$BTC FVG or Local Highs?
It's possible we see something like this today.
Sweeping Asia highs, then back down to hit the FVG's...
But LTF's appear weak and we might see the FVG's hit first.
Looking for MSB of 67.3k before considering a long.
$BTC US Markets open with a Bang!
Strong Selling Pressure from Coinbase
3 straight hours of spot selling. Sweeping FVG's from yesterdays push toward 68k.
Further downside appears likely...
Think 66k sticks the landing, or we drop to sweep macro liquidation at 64.5k?
$BTC Oder Book Pressure
You know we're reaching the tentative bottom "range" when OB pressure gets this heavy.
Think we start to slow down in the 64-66k range. Possible H&S pivot soon.
$BTC Short Liquidation Delta
SLD just hit -20b!!!
My absolute favorite #, super consistent.
This is a indicates a significant OX in the market and is usually an early sign of reversal.
$BTC Showing Early Signs of Strength
While this is premature and DOESN'T suggest we bounce from here...
It is a healthy sign when you spot volume increasing vs perps.
I commonly refer to this as a "hidden" sign of strength.
IT MUST CONTINUE for any hope at seeing 70k again.
$BTC Still broken, but there's a twist
Pending MM's stop mega-selling in unison... The odds of upside is higher.
Mainly because of FVG's, OX and significant liquidation left to the upside.
Very little incentive to drive the price down much further (for now).
Please note: Macro Liquidation remains at 64.5k. Trend is still very much, down.
If we see a recovery, best case is 69-70k range.
Looking for a 24 hour hold above 67k first, before considering a long.