GM☕️ $BTC It’s grinding around 80k again. The previous few times, it bounced—but this time things don’t look quite as optimistic.
I pulled the data from the previous pullbacks on the @coinkarma_ chart and compared them.
On Oct 9, 13, and 15, LIQ on the hourly candle at the low was around 2.5–3.1. On the 24th, price fell even lower to 79.2k, but LIQ was only 1.29, and MPI didn’t enter the low zone below 20.
Looking at closing prices over the following 24 hours, the first three times saw gains of about 2.3%–2.4%. This time, it was just 1.0%.
In short: price went lower, buying support was lacking, and the rebound was weak.
Of course, LIQ didn’t reach 3 on the 15th, and it still bounced, so you can’t predict price movements based on these indicators alone. I’m just saying that right now, I think it’s best not to get involved blindly. I’m choosing to sit tight 🫠
Data from CoinKarma’s BTC/USDT hourly chart and related indicator signals:
https://coinkarma.co/zh-tw/join/94795367
PS: LIQ measures the relative strength of spot buy and sell orders; MPI combines 11 indicators from coinkarma to help identify potential highs and lows in a ranging market.
#BTC
I pulled the data from the previous pullbacks on the @coinkarma_ chart and compared them.
On Oct 9, 13, and 15, LIQ on the hourly candle at the low was around 2.5–3.1. On the 24th, price fell even lower to 79.2k, but LIQ was only 1.29, and MPI didn’t enter the low zone below 20.
Looking at closing prices over the following 24 hours, the first three times saw gains of about 2.3%–2.4%. This time, it was just 1.0%.
In short: price went lower, buying support was lacking, and the rebound was weak.
Of course, LIQ didn’t reach 3 on the 15th, and it still bounced, so you can’t predict price movements based on these indicators alone. I’m just saying that right now, I think it’s best not to get involved blindly. I’m choosing to sit tight 🫠
Data from CoinKarma’s BTC/USDT hourly chart and related indicator signals:
https://coinkarma.co/zh-tw/join/94795367
PS: LIQ measures the relative strength of spot buy and sell orders; MPI combines 11 indicators from coinkarma to help identify potential highs and lows in a ranging market.
#BTC
