BITCOIN SWEPT THE STOP LOSSES AND NOW IT'S AIMING HIGHER ๐ฏ๐
If you enjoy watching how the market makes life difficult for leveraged traders, stick around because this was brutal ๐
hit follow so you don't miss any of the upcoming action
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$BTC used the low of $72,541 to sweep liquidity and take out a mountain of
#stop #loss ๐ Many saw that wick as a signal for more downside, but right after, the price regained ground and started closing candlesticks showing strength
๐ Right now, Bitcoin is consolidating in a sideways zone after the shakeout, something quite common when the market cleans out excess positions before continuing its movement
๐ฏ As long as it maintains the recovery, the nearest zones of interest are between $74,600 and $75,600
๐ฅ Interestingly, that sweep coincides with the liquidity zones that several heat maps have been showing over the last few days, leaving many shorts feeling too comfy and many longs out of the game
๐จ Heads up, this doesn't mean the path will be a straight line, but it does show that the market continues to punish those who enter late and too leveraged
๐ฟ Don't do
#trading hp, enjoy your Saturday, you bunch of rascals โค๏ธ๐
๐ค Do you think Bitcoin will hit $75,600 first, or is there still another shakeout to keep liquidating folks? ๐๐๐