$BTC
Currently we have quite alot of long liquidations sitting at the 49-56K region.
This is a combination of 3x, 5x & 10x leverage positions.
If we get one final capitulation wick in the next 1–2 months, it's likely to hit this area and mark the bottom.
Remember when JD Vance said the MOU would give oil inventories time to recover?
And remember when Trump said he signed it because we were about 4 weeks away from running out of oil reserves if the Strait remained closed?
The oil market seems to have forgotten both.
@icooperTrades Hourly inverse hammer, which usually is a reversal candle printed and kind of confirmed it with a second hourly green after it. Should get some upward movement now
🇺🇸🇮🇷 The clock is ticking on U.S. oil reserves, and Iran doesn't need to fire a single shot.
Geopolitics Expert Brandon Weichert says Tehran's entire strategy is to sit back and watch America speed toward zero.
"Time is an advantage for the Iranians in this war. It is not an advantage for the United States."
Push a country to the edge, and it stops thinking straight. That's when it loses.
@WeTheBrandon
usdjpy trade,1st ended in $400+, 162.5 to 160.5,Now for the second round Histroy doesnt repeat but rhymes, previously it was on 15 july boj intervened & price fell 10 in 4 days. So enter in between 12 to 14, then wait till 21st july to close, i will cash out on 29 on my bd.
@TraderFortune Histroy doesnt repeat but rhymes, previously it was on 15 july boj intervened and price fell 10 in 4 days. So hold ur horses till 12 and enter in between 12 to 14 and wait till 21st july to cash out, i will cash out on 28 as next day is my bd.
Remember - On bullish news the exchange complex will flush the new longs. On bearish news the exchange complex will flush the new shorts. The opposite of what you expect. Leverage trading controls the market not spot trading.
Clarity Act Update
JULY 13 - JULY 17: SENATE PROCEDURAL VOTE & FINAL FLOOR VOTE ON CLARITY ACT
JULY 20 - JULY 24: US HOUSE WILL WORK ON FINALIZING THE RECONCILIATION ON THE CLARITY ACT WITH US SENATE
JULY 27 - AUGUST 7: PRESIDENT TRUMP CAN SIGN THE CLARITY ACT INTO LAW. (If passes)
This is shocking.
This morning, $BTC dumped from $63,900 to $61,000 liquidating $227M longs.
And then a few hours later, $BTC immediately pumped back above $63,400 liquidating another $217M shorts.
$444M total Crypto liquidations in less than 24 hours!!!
Now, $64,000 - $66,000 has sizable liquidity that could be swept next - potentially leading to higher levels.
However, $59,500 - $61,500 has slightly larger liquidation clusters stacked up, making this the 'higher probability' zone to visit next from a liquidity perspective.
Bulls and Bears are both getting 'rekt'.