$BTC Bearish Pennant Pattern (forming)

Hoping to see this descending trendline broken before committing to longs.

However, I am still slightly bias towards weekend upside based on macro ascending trendline holding + Wed-Fri overextension.

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$BTC Weak Friday Pattern Playing Out

As expected...

Weak Friday ✅
Strong Weekend ✅

VERY consistent over the past 3 months.

Expecting weekend to close above Friday's candle close. 💪

$BTC Short Liquidation Delta (bearish)

Despite the increase in price / buying this weekend. SLD is still high and bears are in control.

Therefore suggesting longs are higher risk.

Consider waiting on longs, seeing that its Sunday and retail has bought all weekend.

$BTC Whale Orders 🐳

Upside Potential Increasing!

There is now ~$91 Million in Perp Limit orders (shorts) between 66 and 66.5k. 🧲

This feels like a trap, though.

$BTC Head & Shoulders Pattern

It's possible we're in the throws of a right shoulder for an ascending H&S pattern.

Not the cleanest setup, but certainly something worth watching. 👀

$BTC Order Books

Macro OB's are now heaviest at $61,250🧲

Think we pullback that far, or is the bottom in?

$BTC 30-Day Liquidation Map

2:1 Ratio of longs vs short liquidation.

Paying close attention to 65.5k and 63k, both ranges likely to get hit soon. 📈📉

$BTC 62k?

Majority of upside liquidity (minus late shorts) swept at 67k.

When the market trades within a range, it tends to target liquidity.

And for now, the largest liquidity pool still remains below.

Just a matter of time before the 62k liquidation is swept.

Month end...

$BTC Liquidation Levels To Watch...

Above: 66.4k
Below: 64k & 63k

$BTC Signs of Downside

Spot Volume and Open interest dropping since US Market Opened 1 hour ago.

This is a sign of weakness indicating downside potential is currently higher.

Careful longing into this.

$ETH LTF Head and Shoulders

Anyone else shorting this?

Why Bitcoin is Set to Drop

Watch Here: 👇
youtu.be/zrWoBU8bF5Q

$BTC Dumps as Coinbase Offloads Spot

Heavy outflows of spot on CB (likely ETF's selling).

This is a common occurrence after retail FOMO's in on weekends.

Congrats to our traders who read the signs and didn't just long the local top.

$BTC Head & Shoulders Pattern

Right Shoulder is in... 👀

Anyone else short RN?

H&S FTW

Nice job traders, excellent start to the week.

We'll find more opportunities in the morning.

Get some rest.