$BTW 0,921 — 4am there was 1.60, not yet two hours later it touched 0.91.
The 4H timeframe broke the bottom chain, rising step by step from 19/9; the 1H timeframe’s rebound peak is gradually lowering.
At 2am the price swept up to 1.766, breaking above the weekly range high of 1.49, then it fell in one continuous drop. Open interest went from 160 to 83 million USD: the price dropped at the same time positions closed, and longs were dumped. From then on the rebound peak kept lowering: 1.060, 1.036, then 0.989. At 9am it swept down to 0.8646, broke the 0.880 bottom from 28/9, bounced up, and then was pushed back to 0.92 again.
Continue sliding down to 0.75–0.80, the close-price zone of 21/9 and the wick on 26/9. The scenario is invalid if the 1H closes above 1.06.
0.8646 — is that the liquidation low, or the first step up?
Personal observation only, not investment advice. 1% risk; there’s always a stop point.
#BTW $BTW
The 4H timeframe broke the bottom chain, rising step by step from 19/9; the 1H timeframe’s rebound peak is gradually lowering.
At 2am the price swept up to 1.766, breaking above the weekly range high of 1.49, then it fell in one continuous drop. Open interest went from 160 to 83 million USD: the price dropped at the same time positions closed, and longs were dumped. From then on the rebound peak kept lowering: 1.060, 1.036, then 0.989. At 9am it swept down to 0.8646, broke the 0.880 bottom from 28/9, bounced up, and then was pushed back to 0.92 again.
Continue sliding down to 0.75–0.80, the close-price zone of 21/9 and the wick on 26/9. The scenario is invalid if the 1H closes above 1.06.
0.8646 — is that the liquidation low, or the first step up?
Personal observation only, not investment advice. 1% risk; there’s always a stop point.
#BTW $BTW
