- Bearish divergence on the RSI / MACD / OBV.
- Rejection of 50% Fibo.
- Rejection after taking liquidity above the last top at $20,800, normally with the stop losses of the shorts but not necessarily their liquidations as we saw yesterday on the King fisher map until 20.5K, I think the stops losses leverages between 5X to 10X before their liquidations, well it's not visible on the King Fisher map but it makes sense to protect your short position with an SL above the last top in case of invalidation.
https://www.tradingview.com/x/a9SijGom/
The post I shared yesterday on the link below about liquidation map on the French Telegram group, sorry for the English channel, next time I will share with both languages at the same time.
https://t.me/Adaminssane1/18878
The translation of the post in french below:
Longs open positions of all kinds of leverage, while shorts are cautious except the peak at 20500 close to the price of 1.5% so shorts with leverage at 50X waiting to be liquidated, otherwise the next big peak is far away of the price of 20% towards the 24K.
Good a little pump to clean the Shorts before going slowly down or maybe soon the big red candle of the issue of this long bear market, it will be the top, who knows, we will say that it was normal and everything was priced in advance, but I don't really believe that the bear will end soon.
Finally I don't know the future, possible that a bullish recovery will arrive to trap all the shorts, and who knows a real return of buyers with volumes!!! I take the image that the market gives me and I try to analyze it to follow a direction.
The cleaning of the shorts is done now since we have almost nothing to liquidate in the north except the first big peak at 25K.
Will the turn of the Longs come soon, many are speculating on a next pump, and we can clearly see that the majority of the peaks are in the south with all kinds of leverage, will the market makers let them win the majority???
I stay on my 4 short positions in grid trading (APT / SOL / ATOM / DOGE) and so much the better if the price goes back and forth it makes small bonus profits, at least if my trade will be invalidated the loss will be amortized with profits already taken.
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