In the previous article, I simply looked at the liquidation map, now let's analyze it with technical indicators:
RSI and KDJ don't need much explanation, these two are getting overplayed, rising five thousand points to overbought, then pulling back about a thousand points to coax these two brothers, and then continuing to rise;
From the perspective of volume and price, there is a repeated top divergence, in plain terms: when the price rises, no one dares to buy, conversely, this means that when the price falls, there are definitely people eager to sell;
Bollinger Bands are also confused, don’t even mention the 4-hour and daily charts, these two upper bands are still struggling to catch up, the 4-hour just caught up. Even the weekly mid-band is not respected, it breaks directly;
I am just looking for an unpopular KC channel, and people say it should fall.
So the brothers say, if I don’t look at the liquidation map, what should I look at? This thing is obviously being heavily manipulated, and now if it’s a dog fund trying to force the chips with a pin bar, that’s a good thing. The problem is that there are no short positions above and all long positions below, and it’s not falling, so I am very afraid of the second situation: insider trading.
This means that in a few days, there may be unexpectedly large positive news, and those in the know are already buying heavily, while we poor souls have no idea what’s happening, which would be very disgusting.
If that’s the case, I won’t play BTC anymore, at least the US stock market has regulations against insider trading, but in the case of Bitcoin, there’s really no one protecting it, how pitiful...
Finally, please follow me 🌹🌹🌹
