$ETH CPI in 5hours. CPI YOY expectation is 2.7% which is the same as previous data. 2.7% is already priced in. Lower than 2.7% is bullish for crypto as the chances for rate cuts will be higher and higher than 2.7% is bearish. Now what does our liquidation data say?
Yesterday, I showed you ETH liquidation data and as you can see, market took both side liquidities. First pump and then dump and then come back to the initial price. It's actually trading inside a tight price range. 3D & 1W data showing that there's more liquidation to the upside than the downside. So, a breakout to the upside is inevitable.
TOTAL3 is holding the trendline and the yellow box very well. But we should start pumping quickly because consolidation inside the yellow box is not good at all. So, market should give us a clear direction this week. Trade accordingly.
$ETH Yesterday, I told you that a pump is coming on ETH to wash out the high levarage positions. ETH pumped exactly to it (check 1st screenshot), grabbed those liquidities & now is dumping. Price is currently ranging as usual.
Still there's plenty more liquidations around $3200 (check 3rd screenshot). Tomorrow, CPI data is coming. So, expect some volatility.
2nd screenshot shows you that there's liquidations in the downside also. So, keep your eyes on it as ranging market always takes liquidities from both sides.
$GIGGLE I just secured a 7% profit (check 1st screenshot) from GIGGLE in less than 24hours. So, how did I make it?
If you're actively following me, you've seen red boxes in many of my charts. On 26th December, GIGGLE pumped 26% in 12hours which created a red box. I saw that pump, marked the level (check 2nd screenshot) for entry, put alerts on that level and waited for the price to come at that zone.
It took 19 days to come to that zone. Finally yesterday, GIGGLE crashed hard and came back to that zone. I saw the alert and immediately bought some GIGGLE in that zone. My tp was the nearby liquidity cluster (check 3rd screenshot) which was around $66. I put some alerts around that zone.
Yesterday, CZ tweeted about GIGGLE and it immediately pumped 7%. Again, I saw my alert and booked 50% profit as well as made my trade risk free.
Lesson from this trade is that, always wait for the price to come to your zone. Like, I waited 19 days for GIGGLE to come to my zone & it eventually came just to give me a juicy scalp trade.
Did you listen to my warning yesterday? I've clearly warned you that there's lots of liquidity downside. I gave you the exact top for ETH. Since then, market has been dumping like there's no tomorrow. In the past 24 hours, $460M liquidations occurred (check 1st screenshot) where the majority was on the long side. Now what's next?
USDT.D: As you can see in the 2nd screenshot, there's lots of liquidity boxes on the both sides. But market doesn’t take all the liquidities from one side altogether. Market takes some liquidity from one side, then goes to the opposite side & it goes on and on and on. On the daily timeframe, USDT.D is forming a falling wedge. Using fibonacci, we can see that a pullback is expected for USDT.D which should bring some relief to the market.
TOTAL3: I was talking about the trendline retest on TOTAL3. Here goes the retest. Using fibonacci, we see that it's on the strong support box. So, we can expect rally for the alts from here. However, breakdown of the yellow box (check 3rd screenshot) will bring heavy selloff on alts. Be aware of that.
All in all, I'm expecting some pump here & there on alts. I'll pick some alts for scalp. But I'll be very careful about the yellow box since losing it will be very bearish. All the best to you all.