This is a Segway off of all my recent posts, and here we will apply the same understanding of stop loss and liquidation order blocks to the 1 Month.
Bitcoin has been moving in a straight upwards consolidation with no actual retrace since Dec 2022.
What this does, is attract mass amount of stop loss orders, intact and left in place, through the whole movement.
These stop loss orders will create a natural cascading drop as they all fill, exponentially moving more and more liquidity out of BTC and into USD/ USDT.
Bitcoin will drop, at exceptional speed, and the chart tells us the whole story.
Be safe.
- DD
Bitcoin has been moving in a straight upwards consolidation with no actual retrace since Dec 2022.
What this does, is attract mass amount of stop loss orders, intact and left in place, through the whole movement.
These stop loss orders will create a natural cascading drop as they all fill, exponentially moving more and more liquidity out of BTC and into USD/ USDT.
Bitcoin will drop, at exceptional speed, and the chart tells us the whole story.
Be safe.
- DD
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.