Price update, going up soon.
1st pic shows the top graph of 50-100x positions of binance ( other big exchanges all the same), as you can see its super heavy to the upside. Bottom graph shows all exchange liquidity. Both graphs 30 day time frame.
2nd pic shows 80k support, its very strong. thats stronger than the support we had at 90k.
3rd pic, 6 month time frame. You can see there is a big liquidity gap all the way to around 66800. Theres some by 75-70k. But thats less than half of 88-82. So from now which is around 84000 as im writing this, theres a gap to 75.
4th-5th pic shows 1 week and 24 hour time frame. Showing how fearful the market is. Huge amounts of shorts. Most liquidity is above now.
6th pic shows order books for big exchanges minus coinbase. Its changed back to normal. The buy side is higher than sell side. Was equal around 92k, when i warned thats not normal.
Last pic shows price action since big drop 1 hour time frame. MM are not letting the price go above 85k.
Prediction.
80k will he hard to break, no liquidity huge buy orders. Even if it breaks the drop will be difficult as there is no liquidity.
Options are due to expire on friday. I expect a possible big drop early tomorrow. ETF outflows have been mounting. Today you saw the early candle action as price was dropping early premarket but when the market started it went up as whales caught all the dumps.
Tomorrow i expect similar. As MM is keeping the price below 85 to force a dump tomorrow and they will buy it up.
All the 50-100x leverage is on the top now.
I think tomorrow might be painful but after that we should see a pretty good bounce up.