ITS ALMOST TIME

heat maps show where the longs are, whales/market makers try to swing the price low enough to hit those x50 and get more cheapies, problem is people can always just market buy those cheapies so it's a big risk to try and push price down. I remember last time btc was round 38k some whales bought up everything at that price and below none stopped. So that's the risk, they don't liquidate their targets and instead give up their assets before price go boom.

these retarded lines appear and disappear like nothing, they are just orders that can be added or removed with a single click and only tards would trade by that

the thing is we are going to see powell confirm the recession with panic cuts and the market will crash

I will buy on the 39k main trendline styling on complex-indicator-TAfags and permabears as well as retarded permabulls that will miss the generational bottom before the rocket to 200k+

waiting for sub-45k

lol. better stay on land waiting for the next rocket, moonboy. We are just not going below Blackrock's entry price.

or early October?

pic related we will be correlated until after the election anyways

now that is a very juicy bobo liquidation wall

they are just orders

these arent buy and sell walls that can be removed without penalty
these are liquidation heat maps, do you even have a passing knowledge of the things you comment on
when a long/short gets closed what happens in the back end exactly and why does this matter as opposed to a simple order being removed

blackrock isn't buying, it's individuals buying, do you realize this

etf lettucehands will dump so I can buy cheaper, simple concept

all are set to moon as will as MBM on Solana don't miss jeets

they won't let it crash, it would look bad for them

lmao

The fact that these etfs are capitulating is bullish anon

btc has been trending down since the etfs launched retard lmao

It’s happening tonight!

are you retarded

they are not capitulating, the price was 37k on launch, let's fush out all etf money, go back there, then we can start

kek that would be insanely bullish, it would mean that the pre-halving pump wasn't etf-related and the effects of the etfs are still to be priced in
sadly it's not like that and you are just retarded

sideways for a month after launch

one month of pumping

seven months of downward sloping sideways

$70k to $55k

yeah im the retard here thanks for helping me realize that

These are mostly exchanges manipulating bitcoin btw. So charts like these are useless

why do you think nobody EVER closes a position?

the only way these positions ever close is by liquidation

that should tell you something

oh no, I have to repay myself

t. exchange traders

Please, explain this as you might to a young child, or a Golden Retriever

Most exchange traded funds (major exchange platforms, like Binance and Coinbase) allow players to play with capital that isn't theirs for potential major gains. However if downturn engulfs collateral (you put 100 usd and x10, play with 1000. If it goes down 10%, liquidation occurs), they lose it all, and get "liquidated".
The chart shows liquidation prices where these events would occur. It effectively means that the money flows to the exchange and ends in whales. Thus, whales will put in capital to trigger these cascades.

Thank you sir

how the fuck is this board so dead but every time these charts get posted theres someone who doesnt understand what it is

welcome to Anon Babble, btw enjoy your future 3 janny bans for saying something xhe doesn't like

Thank you sir, I will watch out for them

Just like 10k, right? Don't be that guy.

These are mostly exchanges manipulating bitcoin btw. So charts like these are useless

If the exchanges are manipulating bitcoin to reach the targeted liquidation price on the chart then that chart isn't useless.

they dont necessarily have to hit 35k per say. each blue line above that is billions in leverage, whilst say the yellow line is 3-4x the average blue line.

yellow lines only have real meaning on short term heatmaps when claiming those liquidations is easy

often times those liquidation levels are supported by large buy orders, specifically to the fact that those market sells/buys will activate those orders. below that there will either be another support wall of orders to stop the price or the liquidations will instead be used to crash price further.
liquidation zones always work in conjuction with large order walls

whats important to note, is that there was no considerable long interest opened at the last bottom. this should be a telltale sign

half or more of the "liquidations" are exchange inside jobs to trap traders like you into their narrative

and I say that as someone who's bullish, but yeah these liquidation heat maps are useless garbage at best and counter signals at worst

Thats very accurate. They're only good as profit targets for trading in trends direction