Post #1223641: Small update on #Bitcoin [and potential long setup…
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Small update on #Bitcoin [and potential long setup ] 2 days after Binance removed their buy wall we broke down to 22k resulting in 250MM in liquidations the last 24h. Buy wall has not been replaced again. We do see some relative small sell orders sitting at 22.8k now. 1/5

Small update on #Bitcoin [and potential long setup ] 2 days after Binance removed their buy wall we broke down to 22k resulting in 250MM in liquidations the last 24h. Buy wall has not been replaced again. We do see some relative small sell orders sitting at 22.8k now. 1/5

Mar 3, 2023 07:26 PM |
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cryptowoetoe
Cryptowoetoe @cryptowoetoe
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👁 52 ♥ 0 ↻ 0 💬 0 🕒 2023-03-03 19:26 ▦ Pictures
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If you're planning to go long on this (scalp), I wouldn't recommend trying to catch a falling knife. In my opinion, it doesn't make sense to buy between support levels. Here are the support lines for #Bitcoin. Most of the open interest that build up has been reset. Time to continue the bull market? #Bitcoin Would be fun if we just started ranging again, right? #Bitcoin Going into the CPI in 4 hours, we still have a high open interest from longs in this move up. If CPI=low, I don't think they have a problem. But if CPI=high, can see most of them getting stopped out on a large #Bitcoin dump. CPI is basically a coi #Bitcoin above 30k. Just another 2.29x till we reach all time high. GM. The risk reward for shorts is way better here imo for LTF trades. Had the sweep on #Bitcoin, send it back to the lows?

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