Will the $520 Million Short Position of the Whale Be Profitable Tomorrow?
Given the current developments in Bitcoin (BTC), it appears that the market is in a corrective phase, with BTC showing signs of a potential rally. However, as of yesterday, BTC displayed a weak signal to return to the $87,000 level, making this scenario less likely.
Based on the analysis of the 4-hour chart (H4), BTC is expected to retrace towards the $75,000 region before possibly considering a move upwards towards higher levels.
The H4 plan is mapped out as shown below. If this plan unfolds as expected, the whale's short position, amounting to $520 million in volume, will likely be in profit from tomorrow onward.
The entry point for this short position was at $83,500, with the liquidation level set at $85,565. If the price doesn’t reach the liquidation point before declining, this whale is poised to make a substantial profit.
Given the current developments in Bitcoin (BTC), it appears that the market is in a corrective phase, with BTC showing signs of a potential rally. However, as of yesterday, BTC displayed a weak signal to return to the $87,000 level, making this scenario less likely.
Based on the analysis of the 4-hour chart (H4), BTC is expected to retrace towards the $75,000 region before possibly considering a move upwards towards higher levels.
The H4 plan is mapped out as shown below. If this plan unfolds as expected, the whale's short position, amounting to $520 million in volume, will likely be in profit from tomorrow onward.
The entry point for this short position was at $83,500, with the liquidation level set at $85,565. If the price doesn’t reach the liquidation point before declining, this whale is poised to make a substantial profit.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
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The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。