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@DevEngineOz

while (true) { learn(); } | keeping it dignified | #NFA | TTC TBD Inspired Indicator
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The gentlemen's lounge Joined February 2011
800 Following 3.1K Followers 11K Posts

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Ash Verified account @DevEngineOz
$BTC 3 Month liquidity sweeped.

Will be quite the effort to tap the next large block at ~$62k range if they want it in this move.

Bulls would like to see some reactions in these ranges.
Ash Verified account @DevEngineOz 1d
$BTC daily chart looksie.

Whilst there is ZERO confirmation of this currently, $BTC is making attempts at setting up a POSSIBLE morning star formation.

Now caveats are this is forming over a weekend (not ideal and usually present as weekend compression) and there is still big chomper 3 Month liquidity just below price.

Confirmation for this STILL requires a decent BULLISH high volume candle so all eyes on the weekly close/open as per usual.

Stay SAFU
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Ash Verified account @DevEngineOz
You shouldn’t be offended by technical analysis you don’t agree with.

You should challenge yourself to review it and consider it. It’s how we all grow as analysts.

Keep emotions out of it as best you can.
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Ash Verified account @DevEngineOz
$BTC tends to trade within a range over the weekend to build liquidity on both sides to fuel week open moves.

Nothing really dangerous about it unless you participate in it.
Bayard Verified account @BayardXBT 1d
Bitcoin barely moved today, and that’s the most dangerous thing on the chart.

The whole day fit inside a $650 range between $75.6K and $76.25K, the tightest day in four weeks.

Above price sits a wall of short liquidations at $76.7K.

Below sits an even closer wall of long liquidations at $75.1K.

Both sides are stuck in the same box, but only one of them is overcrowded.

75% of Binance accounts are still long after Thursday’s flush.

Coinbase traded at a discount every single hour today, even on a Saturday.

Funding dropped to almost zero, so nobody is paying up to hold these longs.

Ranges this tight don’t end quietly.

This one breaks down through $75.1K, and $73K is where it stops.
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