BTC Liquidate price 71.3 K | Bitcointalksearch.org

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Quote from: BitMaxz on June 05, 2024, 06:20:12 PM

Well, longs is always a better position than short since before even on the forex longs always win over short sides because everything is getting more expensive like stocks and even the US dollar is expensive compared before.

To me, shorting seems much easier, lol. Of course, not opening the position for long periods of time. When you watch the charts, for the coin price to go up, it takes a while to build up with lots of sideways movements. On the contrary, if the coin price is to drop, it does so with a few long red candlesticks (ripple effect of stop losses and liquidations).
So with short position I don't have to wait for so many hours or day. I am saying this as a day trader rather than a long term trader who would find longing with very low leverage very suitable.

BitMaxz

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Quote from: adaseb on June 04, 2024, 02:27:55 PM

I forgot the name of this service but there was a website which would estimate liquidation levels. The way it worked I think it kept track of volume at certain prices and then assumed people with a certain leverage would have their liquidations on a certain level.

Did this method work? Actually no. It was never consistent. Sometimes it detected the pivot at the right level but many times price just went straight thru these levels and if you checked the liquidation statistics, there would be barely any liquidation volume there.

I think the method works better when looking to LONG instead of SHORT. There are more LONGs in a bull market than shorts, hence you should look at those levels instead.

I have a few tools that I use for free to see those liquidation levels check these two below

- https://www.coinglass.com/pro/futures/LiquidationMap
- https://aggr.trade/aljo

In aggr.trade you need to add the liquidation map indicator and you should be able to see the current short and long-position liquidation it is free.

Well, longs is always a better position than short since before even on the forex longs always win over short sides because everything is getting more expensive like stocks and even the US dollar is expensive compared before.

adaseb

legendary

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I forgot the name of this service but there was a website which would estimate liquidation levels. The way it worked I think it kept track of volume at certain prices and then assumed people with a certain leverage would have their liquidations on a certain level.

Did this method work? Actually no. It was never consistent. Sometimes it detected the pivot at the right level but many times price just went straight thru these levels and if you checked the liquidation statistics, there would be barely any liquidation volume there.

I think the method works better when looking to LONG instead of SHORT. There are more LONGs in a bull market than shorts, hence you should look at those levels instead.

el kaka22

legendary

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Dave is right, those type of stuff do not really stay that long, it ends up changing all the time, and surely there will be a lot and surely that makes it harder for us to climb , nobody claims that it's easy. But I need to remind everyone that these stuff do not matter as much as we think they do.

The most important thing here is that we need to make sure that we know what we are doing ,and the better we do, the more results we are going to get in the end. Hopefully, things will be easier and if we can make that do, then we are going to be doing much better results. We should consider how to get it working, and for that to mean something we are going to profit if we are careful. Obviously not a lot of people see that, but it would make more sense.

BitMaxz

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It's still under a retest phase at around $70k and it's following a pattern it looks like a bullish symmetrical triangle flag I do not know if we will see it would touch above $71k because it is following the pattern look at the image below.

If that level breaks it will touch on that liquidation price, and it would drop a bit if there are still strong buys at that point it might touch again at around $73k.
Look at the image below how thick is the liquidation at that price.

But take note it is respecting the symmetrical triangle flag so it might not touch on that part just in case if it touches on that part then it might be a liquidation grab or manipulation that could lead to the price structure changing from bullish to bearish only if the buyers is not strong enough to break this thick liquidation.

It seems the retest is already done and now it is showing a red candlestick I just zoomed in at 1hr time frame image below but the macd is still showing strong buyers.

DaveF

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Quote from: SAHASAN on June 04, 2024, 05:05:59 AM

$800M of #Bitcoin shorts will be liquidated at 71.3 Price .

Your image link does not work.

And, no as of NOW $800M of #Bitcoin shorts will be liquidated at that level. That can change in a instant as people update their sells. Could be up or down in a second with a few taps on a keyboard. Might not even have to touch a keyboard if they have something monitoring the price and other things running in the background.

-Dave

SAHASAN

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$800M of #Bitcoin shorts will be liquidated at 71.3 Price .

Topic: BTC Liquidate price 71.3 K (Read 94 times)