How To Spot The beginning of Bitcoin Capitulation
Look at chart. The perma bulls that are going to get slaughtered are going to say short squeeze once shorts reopen at at 6900/7000 after the market makers absorb all the liquidity from 5950 upward and fill their shorts at 6900/7000. Since everyone has a potential 6900 target they will break 7k making a fake breakout appear to the upside only to absorb all your liquidity since you just fillled their shorts.
Whales have to make a broadening wedge down to 5950 to get as much liquidity for the final move up to the 7k region because on balance volume in the market keeps going down. They break 6k in order to liquidate the fomoshorts to fill a larger position in their longs
Remember chad whale buying up all the bitcoin all the way up to 7300? He Filled his Shorts at the top, MY short squeeze we going to the moon. Who in the world is gonna squeeze them if their is no whale buying pressure left to the upside. Why didnt anybody squeeze the chadwhale's shorts at 7300? You would think some whale would have with that many shorts would be targeted by another whale for a short squeeze would have created a gigantic move up if they wanted the market to go bullish.
Think like a Market Maker. Do a false breakout by breaking just over 7k to get everyone bullish to you fill their shorts. On balance volume is lowest since Sepember/August 2017 when price was 3 to 5k. The market makers need to take the price lower to increase the on balance volume in the market to provide more liquidity( look at the on balance volume). Look at the weekly order blocks for on balance volume for the most liquidity for the market makers
Whales have to make a broadening wedge down to 5950 to get as much liquidity for the final move up to the 7k region because on balance volume in the market keeps going down. They break 6k in order to liquidate the fomoshorts to fill a larger position in their longs
Remember chad whale buying up all the bitcoin all the way up to 7300? He Filled his Shorts at the top, MY short squeeze we going to the moon. Who in the world is gonna squeeze them if their is no whale buying pressure left to the upside. Why didnt anybody squeeze the chadwhale's shorts at 7300? You would think some whale would have with that many shorts would be targeted by another whale for a short squeeze would have created a gigantic move up if they wanted the market to go bullish.
Think like a Market Maker. Do a false breakout by breaking just over 7k to get everyone bullish to you fill their shorts. On balance volume is lowest since Sepember/August 2017 when price was 3 to 5k. The market makers need to take the price lower to increase the on balance volume in the market to provide more liquidity( look at the on balance volume). Look at the weekly order blocks for on balance volume for the most liquidity for the market makers
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EVERYone watch Eric Crown a former market maker www.youtube.com/watch?v=AemxgDoo... He discussed the scenario and knows whats going on not some perma bull on twitter screaming "short squeeze". Learned it from him