🚨 UPDATE: $7.1 billion in leveraged positions liquidated from the crypto market over the past week.
Longs liquidated: $5.7 billion
Shorts liquidated: $1.4 billion
Longs liquidated: $5.7 billion
Shorts liquidated: $1.4 billion
#BTC is slowly retracing toward the major resistance area after being tapped from the major support zone. Price is also forming a small bear flag pattern and may dip back to major support, potentially forming a double bottom as well.
#BTC is moving sideways between the two major levels. It is not a good position for any openings; however, we need to wait for more clarity in the market.
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#BTC is still moving sideways, with little activity. The price is still building the right shoulder of the Head and Shoulders pattern. Let it build successfully and break in either direction.
#BTC is now building a falling wedge pattern, but price is still inside the interval with mixed sentiment in the market. Waiting for the price to break the highs/lows or for a pattern break.
#BTC WEEKLY TF UPDATE:
#BTC attempted to print a new higher high but is still getting rejected from the major resistance area. On the LTF, it is a higher high, but on the HTF, a wick is forming and today is closing. This week, the wick wiped out both sides of the previous weekly high and low, so the next candle should provide a clearer signal.
#BTC attempted to print a new higher high but is still getting rejected from the major resistance area. On the LTF, it is a higher high, but on the HTF, a wick is forming and today is closing. This week, the wick wiped out both sides of the previous weekly high and low, so the next candle should provide a clearer signal.
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#BTC WEEKLY TF UPDATE:
#BTC again this week hits the key resistance area, making a wick now as a rejection. Let's see how the weekly candle closes; if it closes over it, then we can expect more push online till $87,000. In case of rejection, then we can continue to the sideways market for another week.
#BTC again this week hits the key resistance area, making a wick now as a rejection. Let's see how the weekly candle closes; if it closes over it, then we can expect more push online till $87,000. In case of rejection, then we can continue to the sideways market for another week.
#BTC is almost there for the $90,000, but instead formed a double top and dropped to the drawn support area. Now, the price is holding over the zone and could potentially be a good point for the next leg up.