The "Why" Behind the Lag BTC (Crashy) to?
Most of the institutional feeds I pull from are still digesting the (sell the news) event from the Fed's March 18 meeting. The market is currently in a (liquidity hunt) meaning it's moving toward where the most stop losses and liquidations are hidden to force a reset.
BTC: The $68,800 Trigger
You Have BTC pegged at $69,081. This is critical because a massive cluster of leveraged long liquidations roughly or there abouts of $400M+ is sitting between $68,800 and $68,840.
Next Bias Move: DOWN.
The Logic:
Market makers typically sweep these levels during low volume Sunday sessions like Tokyo. If BTC wicks down to $68,800, expect a sharp, fast flush as those longs are forced to sell.
Resistance:
To flip bullish, BTC needs to reclaim $70,100. Anything below that is just a dead cat bounce.
or a dog in_heat but cant jump the fence to go and get some stimulation.
We in the wilderness be safe.
@ValentinoArendse @Ghostrador @Square-Creator-ce6832596
Uodate: $68800 Breached. Structure is Down
Most of the institutional feeds I pull from are still digesting the (sell the news) event from the Fed's March 18 meeting. The market is currently in a (liquidity hunt) meaning it's moving toward where the most stop losses and liquidations are hidden to force a reset.
BTC: The $68,800 Trigger
You Have BTC pegged at $69,081. This is critical because a massive cluster of leveraged long liquidations roughly or there abouts of $400M+ is sitting between $68,800 and $68,840.
Next Bias Move: DOWN.
The Logic:
Market makers typically sweep these levels during low volume Sunday sessions like Tokyo. If BTC wicks down to $68,800, expect a sharp, fast flush as those longs are forced to sell.
Resistance:
To flip bullish, BTC needs to reclaim $70,100. Anything below that is just a dead cat bounce.
or a dog in_heat but cant jump the fence to go and get some stimulation.
We in the wilderness be safe.
@ValentinoArendse @Ghostrador @Square-Creator-ce6832596
Uodate: $68800 Breached. Structure is Down
