Liquidity! ✌🏻
Lately I’ve been actively monitoring it too, and for obvious reasons it always needs to be done, considering it as one of the supporting metrics
Here the situation isn’t the clearest either. The nearest liquidity was picked up—simply it was in the very first inefficiency. Then it gets more interesting: the next “fat” shelf is located beyond local support at 80k. Here you’ve got a round number, another inefficiency, and overall it all looks fairly reasonable within the context of the subsequent move up—so if we don’t see further re-accumulation (buying back), the closest and most reasonable target is exactly 79–80k$!
P.S. yes, there’s plenty of it there and even lower, but I wouldn’t look that far just yet—right now it’s a bit too early to just slam it and forget the “long” button, to put it mildly
Lately I’ve been actively monitoring it too, and for obvious reasons it always needs to be done, considering it as one of the supporting metrics
Here the situation isn’t the clearest either. The nearest liquidity was picked up—simply it was in the very first inefficiency. Then it gets more interesting: the next “fat” shelf is located beyond local support at 80k. Here you’ve got a round number, another inefficiency, and overall it all looks fairly reasonable within the context of the subsequent move up—so if we don’t see further re-accumulation (buying back), the closest and most reasonable target is exactly 79–80k$!
P.S. yes, there’s plenty of it there and even lower, but I wouldn’t look that far just yet—right now it’s a bit too early to just slam it and forget the “long” button, to put it mildly
