If we have to look for the liquidations on the BTC of the Longs at the bottom, but first a short squeeze to the north to liquidate the large leverages and especially to trap the SLs above the last top in the zone between 17K to 17.5K
https://www.tradingview.com/x/yEEd85uy/
The liquidations on BTC are in both north and south directions, but on ETH much further south.
I think we will have a consolidation in a range that will fomo buyers and at the same time scare them into selling at a loss.
BTC is the guide to ETH and alts, but market makers their mission is to make exchanges win by looking for liquidations and SLs.
Finally the BTC will make 1% of the red ETH and the alts are likely to do much more, given the Fomo on ETH.
The market is driven by liquidity and the BTC is driven by the S&P 500, finally we are in the hands of the fed and inflation to get out of the bear market.
Personally I stopped DCA and also trading, now I'm waiting for the next level of the consolidation range in the 12K to 14K area, I let you imagine the alts even lower than the previous lower ones!!! if not so much the better if it goes north it will allow me to take some profits, I am ready for the worst as well as the best.
I lived the previous bear market, it was painful and the biggest mistake I made was that I left the market for 3 months (from the end of December 2018 to March 2019), I was fragile and beginner, I listened to the Youtubers who say a BTC at $500 or $1000 and even $0 despite being on the 3K to 4K, now I would never again out of the crypto market until my death or the death of cryptos and the blockchain, despite everything that can happen to me like having my wallet hacked or losing funds on an exchange, finally I will always be here, we're still very early on cryptos, patients today will make millionaires in 5 to 10 years!!!
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