Liquidity placement in the order book reveals #Sentiment for a price range! 📊📈
💧 When more liquidity is concentrated around a particular price level, it indicates increased confidence or interest from #traders... 2/6 Analyzing the order book with a #DataViz tool like #FireCharts helps you mitigate risk by replacing speculative decisions with data based decisions.
No reason to speculate when you can literally see where higher concentrations of liquidity mark resistance and support.
Jun 27, 2022 • 9 tweets • 5 min read
1/8 Some conflicting clues for #Ethereum around the Weekly candle close last night. With the Monthly close flowing into the 4th of July holiday weekend, expecting some extra fireworks.
A 🧵using #TechnicalAnalysis and #TrendPrecognition to analyze #ETH... 2/8 Sunday night in the final hour or so before the Weekly candle close, #ETH price was suppressed < $2 below the 200 WMA. Moments after the W close/open, price reclaimed the 200 WMA. PA has danced above and below the line since.