>>61317717how low this unlimited greed will take us? and what will cz do with the money, buys a country?
>>61317732you have no proof that its cz
>>61317717The fact that this can openly happen and no one gives a shit really demonstrates the market is controlled by criminals.
>>61317732He just took hundreds of millions and he's still flailing his arms on the ground looking for pennies. Someone needs to hop into a minecraft server and kill that faggot
>>61317741and the best part is, if i ll finally trade it with volume, it ll instantly go to up....
>>61317738stfu you're in every fucking thread sucking his dick
>>61317749for unknown amount of monero
>>61317717>PISSSSS SNAKEEE IS THIRSSSSSTY
>>61317781Was Looking for this post
>>61317717Kinda retarded of you to look at this and think that it was purposefully done to get the "long liquidations". If you had an ounce of a brain, you'd realize that it looks pretty balanced in both directions.What the fuck is wrong with you? Are you allergic to accountability? You longed a very obvious head and shoulders setup that was going to break downward anyway. So many of us called it here before it happened but you were too busy bullposting.
Whoa incredibru the price justa happan to cross riquidaytion, sank yu wery mach
yawn
>>61317796juicy piss starting to form around $97k
>>61317790Stfu faggot i got another one of you right here >>61317738 sucking cz's dick you'll have to wait your turn
>>61317804as I said >>61317706 , cz will kill the whole run till a single nigger is longing on his cex :D
Reading heatmaps like this is a blindspot in my /biz/ literacy. Would anyone be willing to spoonfeed a tl;dr? I get that it's a density map of interest at various levels, but what are we looking at? Buy/sell orders?
>>61317823It shows where liquidations are likely going to happen
>>61317812You're absolutely delusional. I am a different person but whatever man, you longed on leverage, ate shit, I understand it is hard. Just stop getting schizo about it, or do so, I don't care. I am up today, I was shorting last night.
>>61317823Yellow levels = niggas getting rektYellow bastard = pwns leveraged niggas
>>6131773895% of sells on being done by Binance
>>61317823i know you're different guy, stop defending blatant money hungry criminals that are ruining the entire market for everyone else, wtf is wrong with you
>>61317833>>61317841Interesting. I still don't really understand but I guess I'll have to do some real reading. Thanks.>>61317864You good?
>>61317738shut the FUCK up, ching chong sycophant FAGGOT
>>61317864fucking chinknigger paid pakis are everywhere, oh the damage control
>>61317870>sell highly leveraged options to retards>high leverage==low liquidation thresholds(yellow)>manipulate the price of BTC to the liquidation point(easy when the market is closed)>liquidate the position, collect the margin>the snake slurps the piss
these have got to be bots
>>61317870It's a simplification for exchanges hunting liquidations. They can dump the spot price, take the juicy longs/shorts collateral and open an inverse position back to original prices. Again, it's a simplification and there are n other factors that this analysis excludes like options expiry
>>61317892All are me
>>61317886>>61317894I think I get it now. So this is like a map of targets of opportunity for exchanges to prey on. Find where people have been too optimistic, then manipulate the price to liquidate them and slurp up the wreckage. Too bright a spot means Greed has outstripped Fear and the exchanges start whetting their carving knives.
>>61317912exchanges can't manipulate the price, it's a myth.the price is organic
>>61317926>price miraculously steers it's way into every nearest yellow line on the chart>every time>without fail>it's just a coincidence
>>61317926Exactly. By the way, what's your favorite centralized exchange? Mine's Binance. I do all my trading there, especially leveraged. Guaranteed win! Changpeng Zhao is a great man, glory be upon him
>>61317926bankman dindunuffin saar, even karpeles, cz is good guy saar just like us ping pong ding dong!
>>61317980Me too! Have you seen that Binance Wallet is excited to launch the BNB Smart Chain Trading Competition on Binance Alpha? During the Promotion Period, trade APRO (AT), BitcoinOS (BOS) and COMMON (COMMON) via your Binance Wallet (Keyless) or Binance Alpha to share exclusive token rewards.
>>61318008Why yes I have! And it's thanks to following @binance and @cz_binance on social media platform X (formerly known as Twitter), where I get all the latest news and updates. I make sure not to miss any!
>>61317717I have been trading this heatmap in the past 2 months. I have made close to a mil.
>>61318139Low timeframe/high threshold?
>>61318149I look at multiple time frames but keep treshold at 0.90-95
>>61318152right now i will open a short and wait for 97k~
>>61318139What will he go for next
>>61318158Damn straight to 97k? Even through that no-liquidity zone?
>>61318160he will go for those later. They are less combined then the piss line at 97k
>>61318170So he just goes for the biggest liquidity every time? Like pointing a laser for a cat
>>61318175yes
>>61318168>>61318168"N-Nani?! The Desert Serpent Technique?! But that's impossible unless he's mastered the Forbidden Arid Arts! We thought his body could only survive in—"[Gets cut off by dramatic wind and villain's evil laugh]
>>61317717>Price goes down>Now I should short!>price goes back up>now I'll long!>where'd my money go :(
>>61318180What about long term, think he'll dump more in the coming days/weeks or will he bring the price back up to where it was before he pulled this latest stunt
>>61318186kek
>>61317937if it's that easy why won't you just long or short in direction of the nearest yellow line? you could even write liquidation hunting bot in 5 minutes and become millionaire instead of posting this moronic theories here
>>61318236I have been literally doing that
>>61318253sure, and I was doing the exact opposite and made a quadrillion.
>>61318175no he is not. zoom out the heatmap. you will see dozens of time points where, according to this 'theory', it should have gone towards the yellow line, but went in the other direction. also: one random fed decision or trump tweet has a 100x stronger impact than these TA-like vodoo. guy posting here was either lucky or he just wants you to short.just think about it for a while. imagine lots of whales doing this exact strategy. so in this example, biggest yellow line is below, so all of them short. price goes down a bit. but now there are two problems: 1. with their decision, they just created another yellow line, but now ABOVE the price. lets say that it is even bigger than the previous one. so what should they do? change the direction? so they close their positions. but doing that, this newer yellow line dissapears. and price goes up again. so where now? down? but who created first yellow line? in reality, its total chaos. this lines are created by many, independent agents, having different stop losses, operating on different time frames, with a different risk tolerance etc.2. to win with this strategy, one have to close their position before the rest who hold the majority of same-directed positions do so, i.e. before the price rebounds. so everyone will try to close the position a bit before the yellow line, and closing means pressure in the opposite direction. with each successive "liquidity hunter" this process will happen more ahead of the line.
>>61318471are you okay? chill buddy it's just a gameand the piss snake is winning pssssss
>>61318471It's all fucked. I regret ever getting into crypto.What's your opinion on the current situation. Can we recover at all, go even past 100k? Or is it completely fucked and it's just gonna keep dumping further and further. I'm deciding whether to cut my massive losses short before they get even bigger or hope for a good recovery to at least minimize the damage as much as I can
>>61318494sometime piss snake leaves yellow lines for later, there are certainly some over 100k
>>61318518Yeah but I've got a few longs open and the fees are nibbling on my fiat. I don't know what to do, close the positions or hold, if hold - how long. My liquidation for bitcoin's at 80k right now
>>61318494if you aint on leverage, I would say just leave it there for few months/years. we will almost certainly reach new ath one day, but will we tank in the process? probably. I myself am planning to buy even more if it goes down really deep.>>61318489saying something substantive doesn't mean somebody is not chilled. rn I am shorting some shitcoins so I am pretty much content.
>>61318518 the snake is entrapped by dry landthere is rest until the path is wet again
>>61318540I'm on leverage. >>61318533Never touching this shit again. Made some okay profits but they all got negated and then some with this bullshit dump.
>>61318533I dunno how big are your losses, but I'd wait for the Christmas rally and then sell everything.
>>61318540If it could pump to 103k or even 104k in the short term, max a month, I'd cut the small losses I'd have and leave. But I'm worried that not only will it not only recover soon but that it will dump again massively. I'm just so lost man
>>61318574>103k or even 104kthat's literally nothing, it could be there in a week or even less, I'm betting on 111k in a month or so and then down we go
>>61318574be aware of sunken cost fallacy. it's better to cut losses early on and learn your lesson than watch the boat slowly sink.imo the economy is fucked and we are going downtrend. you can always reframe your investment thesis later on with a fresh mind.random fool's tip: cash out and touch grass. come back and dominate (with no more than 1% net worth in leverage)
>>61318593It does seem possible until I consider what's to stop binance from dumping again. Any day some crazy price action could happen because of this manipulation, it's a never-ending Russian roulette and the gun's always pointed at you.And what about resistance? Isn't 100k resistance now?
>>61318607>sunk costfix'dit's so tiresome
>>61318607The economy is fucked but since this is crypto we could literally pump to 120k right now. What I'm saying is that nothing seemingly matters anymore, the gov reopening was supper bullish and a major rally was expected and now look where we are
>>61318634there aren't resistances when enough money is on the desknext time just take >>61318607 advice and take your loses when they are low, kek
>>61318651>we could literally pump to 120kfor me this rationale looks like just blind gambling if you don't know a good catalyst for such a wild price swing. and if you know one, why not just buy a cheap OTM call? mfs tamed BTC with so many derivatives
>>61317796So it goes down now? Piss to piss. It hit the 99k liq and now the lower liq is coming? Where can I see this?
>>61317717Psssssss
Annnnnd I am liquidated
>>61319400You don't trade against the piss
>>61317717Thus ever to gamblers.
I was right
where does coinglass get its information from? binance api or what?
>>61317823basically like the line goes down, man.line down = badline up = goodcapeesh?
>>61317937what i dont understand then is when the stock market dumps btc follows (and vice versa). the price correlates.
>>61317717i hate living in the same world as these leverage degens, us spot shire dwellers just want a quiet life tending to our modestly growing bags.
>>61320385You just don't understand the tripple stack cat spine inverse charts.
>>61320251Yes. This snake meta is too strongHow do you act when there is a piss divergence, like when yellow lines on shorter frames are UP while on the longer ones it indicates DOWN?
