Hey guys! Wishing everybody well today as always!
đ„Yesterday I already let you guys know we we're at that point and that was it! We managed to beat that $21,500 resistance level and breakout! Though admittedly I'm rather surprised by it if I'm being honest, support wasn't looking the best and yet a few rather large buy orders hit the market and are what led to us seeing that breakout happen. So it's very interesting to keep that in mind, whales pushed us up real hard, real fast. Before I continue this idea is gonna be a bit longer than most but I promise you it's real important to know. Thank you.
Here's the 15 minute chart to show:
đ„Encircled is that 200 EMA showing the entrance we had on the 14th and what's happened since then. In yesterday's idea I said that would be THE point at which we would need to see support kick in order to avoid losing that 200 EMA and you can see what happened as a result. Rather then let us lose that support whales kicked us up real hard to get away from that 200 EMA with a lot of large buy orders.
đ„At this point looking at the resistance that seems to have formed at that $21,700 point we see that large selling volume that's hit forming our red wick of now resistance. It's at this point I'm gonna warn you guys of a mountain fall that can possibly happen at some point. I know some of you may hate on me for that but it's a real possibility. I mean every mountain does have it's up's and downs after all. And the chart overall looks like the first half of a mountain, so when does the next half start? That's basically all I want you guys to be aware of. Whales after all like I keep saying will do their best to get that hype going to pull in a lot of future's traders then absolutely sell or buy on them to get them liquidated.
đ„If you don't believe me check out the data below. Over $292.7 Million in shorts we're liquidated yesterday alone. I bet you a lot of people we're also seeing the weak support on Bitcoin forming and opened some short positions before those Whales surprised them with those rapid buy orders.
www.coinglass.com/LiquidationData
đ„I'm gonna leave this here but just as good as those whales and MM's we're at taking out those Shorts, they can do the same thing to those longs, and it's even easier for them to do that by simply selling. I don't say this to induce FOMO but this mountain has to legitimately come down at some point, will it retrace back to it's bottom, most likely not. It just needs to be enough for those whales to buy back in with more and making another killing. I mean for each of these large whales they can easily make up to $20Million in the very least from each mountain half so this is what the markets about right now for them. Just be wary and watch those EMA's, resistance and support indications.
đ„Thank you guys and wishing nothing but the best! If you'd like to leave a like and follow it'd be much appreciated. I give you guys the realest and most legitimate information you need to know and be aware of. Not to mention my track record is only improving by the day as you can check by my ideas and I'm simply happy to be able to improve day by day and do something that I really enjoy doing and learning.
~ Rock '
đ„Yesterday I already let you guys know we we're at that point and that was it! We managed to beat that $21,500 resistance level and breakout! Though admittedly I'm rather surprised by it if I'm being honest, support wasn't looking the best and yet a few rather large buy orders hit the market and are what led to us seeing that breakout happen. So it's very interesting to keep that in mind, whales pushed us up real hard, real fast. Before I continue this idea is gonna be a bit longer than most but I promise you it's real important to know. Thank you.
Here's the 15 minute chart to show:
đ„Encircled is that 200 EMA showing the entrance we had on the 14th and what's happened since then. In yesterday's idea I said that would be THE point at which we would need to see support kick in order to avoid losing that 200 EMA and you can see what happened as a result. Rather then let us lose that support whales kicked us up real hard to get away from that 200 EMA with a lot of large buy orders.
đ„At this point looking at the resistance that seems to have formed at that $21,700 point we see that large selling volume that's hit forming our red wick of now resistance. It's at this point I'm gonna warn you guys of a mountain fall that can possibly happen at some point. I know some of you may hate on me for that but it's a real possibility. I mean every mountain does have it's up's and downs after all. And the chart overall looks like the first half of a mountain, so when does the next half start? That's basically all I want you guys to be aware of. Whales after all like I keep saying will do their best to get that hype going to pull in a lot of future's traders then absolutely sell or buy on them to get them liquidated.
đ„If you don't believe me check out the data below. Over $292.7 Million in shorts we're liquidated yesterday alone. I bet you a lot of people we're also seeing the weak support on Bitcoin forming and opened some short positions before those Whales surprised them with those rapid buy orders.
www.coinglass.com/LiquidationData
đ„I'm gonna leave this here but just as good as those whales and MM's we're at taking out those Shorts, they can do the same thing to those longs, and it's even easier for them to do that by simply selling. I don't say this to induce FOMO but this mountain has to legitimately come down at some point, will it retrace back to it's bottom, most likely not. It just needs to be enough for those whales to buy back in with more and making another killing. I mean for each of these large whales they can easily make up to $20Million in the very least from each mountain half so this is what the markets about right now for them. Just be wary and watch those EMA's, resistance and support indications.
đ„Thank you guys and wishing nothing but the best! If you'd like to leave a like and follow it'd be much appreciated. I give you guys the realest and most legitimate information you need to know and be aware of. Not to mention my track record is only improving by the day as you can check by my ideas and I'm simply happy to be able to improve day by day and do something that I really enjoy doing and learning.
~ Rock '
