#韭菜日記 Observation and application of liquidation chart
2024.10.29
$BTC Air Force liquidation price <1B
Pay close attention - judgment on market reversal!
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2024.11.3 update
I have observed it several times and found that this principle is effective!
The financial market is essentially a game of clearing the opponent's plate!
Don’t believe all the news, it’s just the dealer’s help to wash the market!
Additional observation: What is the end signal of a round of liquidation?
Guess: Either the short or long positions will be completely liquidated
Judging from the current situation, $BTC will at least be pulled back to about 64,000 (that is, when the multi-order liquidation amount ≈ 2B), pay close attention to the changes in the [Liquidation Chart]!
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Updated at 2024.11.4 00:30
The short order of $BTC 69500 was shaken out by the callback of 68500!
Observe the BTC liquidation chart: There are >9B of long orders that have not been cleared, and ≈5B of short orders that have not been cleared. Is this how the wash is completed?
I am skeptical and continue to observe whether [the liquidation amount of the long/short party < 2B] can be used as an indicator of market reversal!
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Updated at 11:30, 2024.11.6
BTC breaks new high, current high is 75656 (contract)
With the 🇺🇸US election, a wave of 500 million short orders were liquidated
in conclusion:
(1) The liquidation amount <2B is not enough as an indicator of reversal! The main force may also oscillate in both directions to clear up long and short high leverage
(2) When the liquidation amount is <1B, you can try for a short-term callback!
