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BTC Daily Technical Analysis: BTC Balance on Exchanges IS up / Shorts liquidation Close to Price / S&P 500 Continues its Downtrend.


It's bizarre the balance of BTC on the exchanges 🧐 All texchanges are positive, I think fear is installed in the market and everyone is starting to send BTC to the exchanges to sell them before it drops sharply.

If we had one or two big exchanges like Binance and coinbase largely in the green and the others in the red I can conclude that the whales which are preparing a long squeeze. But now everyone is afraid, and it is possible to come back a little above 19.3K to give the feeling of a reversal.

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The liquidation map up to 19.7K shows that the shorts with high leverage open positions lately, but to the south the longs are cautious, so the first big spike is at 16.8K, finally the big of liquidations are bellow.

Is it possible to have a rise on BTC in the short term and then to see the correlation with the S&P 500 if it's a start of something or not?

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Conclusion: Possible that the alts will pay the addition of the ETH!!!
BTC.D up, DXY too, ETH bearish against BTC, and the S&P 500 since the open at 3:30 p.m. continues its decline to look for the next supports at 3740 and 3720.

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FreedomBuilder
FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.


Trading The King of Crypto
Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???

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