Wickyboy

#BTC Liquidations

Another $284.7m in liquidation across all exchanges over the past 24 hours...

Shorts 86.2% vs Longs 13.8%

Alts will take full exposure once BTC cool's down 🥶 Current pump in alts is just a trailer, actuall pump will start once money starts flowing from major caps to others 📈💥

#altcoins

Alts season is already in play but this weekly closing will clear every perspective of alts.
Alt coins will be in center of focus in new week and it will definately produce a very quality returns in alt.
I hope you guys are prepared.

#BTC Whale Orders 🐋

THIS IS HUGE!!!

Over $160m in limit long orders waiting to be filled in the 75-76k range.

Think we drop to this low?

JUST IN: Scammers are sending fake IRS letters with QR codes designed to steal crypto wallet credentials and exchange logins.

careful 👍

JUST IN: Bitcoin 'Fear & Greed Index' rises to 72, greed.

$BTC

#BTC Upside Potential = Very High 📈

Spot volume remains higher than perp volume (meanwhile OI is low, suggesting bears can't compete).

Until MM's / exchanges stop buying, or this metric flips.

We'll continue going up. 🚀

#BTC 6-Month Liquidation (Macro)

Now that the 90-day liquidation at 77k was swept...

It's possible we see the 180-day liquidation at 85k hit next.

Think this range gets hit soon?

#BTC Long Liquidation Delta

LLD just hit $55.45 Billion.

In my many years of trading, I've never seen anything over $40b.

This is a MASSIVE imbalance.

JUST IN: Spot Bitcoin ETF volume surpasses $5.3 billion today.

• BlackRock: $4,438,272,142
• Fidelity: $438,039,722
• Grayscale: $208,761,824
• Bitwise: $106,828,983
• ARK Invest: $72,899,488
• VanEck: $32,844,242
• Morgan Stanley: $14,801,590
• Franklin: $11,174,730
• Invesco: $5,593,417
• Valkyrie: $1,502,450
• WisdomTree: $600,123
• Hashdex: $269,014

#BTC

Now is the best time for market to correct itself and give relief to sellers to balance market’s flow. The sooner we see correction the better it is ✅
I will wait till sellers traped zone at 68.7k and will consider new position in alt coins from this zone ☄️
Details will be shared in premium on daily closing, stay connected.

#BTC Order Books

OB's are heaviest at 74k above 🧲

Think we see this range hit soon?

#BTC Coinbase Offloading Spot

Starting to see large spikes in spot selling pressure on CB.

This is usually a sign that ETF's are selling.

Think the tentative top is in?

#BTC Rallies to 72.5k

Currently up over 12% in 24 hours after US Treasury Yields dropped and Crypto regulatory expectations were defined yesterday.

While the market in general is massively overextended and should be topping out soon...

It's also behaving irrationally and cannot be trusted.

When this happens, I usually wait a couple of days to trade, to let the market cool down. If you insist on trading today, lean towards longs.

Shorts are VERY risky RN.

I plan to identify some key levels to watch for later today in my YT vid.

Stay tuned.

#BTC Liquidation Long Delta

LLD is now at 35 billion.

In all my years of analyzing crypto, I've never seen anything over 40B.

This suggests the tentative top is in and longs are past due for liquidation.

Probably high leverage longs, which are close by.

#BTC Low Liquidity (Macro) = Swept ☑️

With the buy-side liquidity cleared, there is still a huge pool of long liquidations at 60 - 62k.

If price drops back below 67k, we could see a move lower to target the large low liquidation cluster near 62k.

However, it's important to respect the trend right now, which is definitely up.

I just want to remind you to be cautious as we move into late August and early September.

JUST IN: $250,000,000 worth of shorts liquidated from the crypto market in the past hour.

#BTC

Sunday Low = Wednesday Pivot High

This intra-week setup has occurred in 14 of the past 19 instances.

Monday established a pivot low, which suggests that (if the usual intra-week pattern remains intact), Wednesday will form a pivot high.

Historically, a Wednesday pivot high tends to influence price action into Thursday.

That said, the mid-week pivot did not materialize last week, which may indicate a shift in algorithmic behavior.

I'll be looking for a sweep of liquidity in the upper 65k range before shorting.

BTC is still on track, and everything seems to be in order. I'm not even thinking about shorting it at this point, and I wouldn't suggest anyone else do it either. No changes here—I'm still anticipating a move up to $67,000.

$BTC

JUST IN: 🇦🇪🇮🇷 UAE suspends all commercial activity and financial transactions with Iran.