Yesterday the price searched all the way to 19.7K to liquidate the shorts, but today we have new peaks in north near of the price so it continues to short the BTC with big leverages!
Seeing the liquidations is good but for the stops losses it's another matter in the hands of the exchanges, in most cases the shorts are protected above a top and the opposite for the Longs below a bottom.
The risk reward ratio on a short is more profitable than a long, so if we have more shorts who put their stop losses just above the last wick at 20K, in my opinion the price will be very attracted by this level which is in confluence with the bottom of the Ichimuku cloud, the upper BB band, the MA 62, and the trend line.
https://www.tradingview.com/x/MKAvILaL/
Pacman is always hungry, and starts with the closest to end with the furthest
Basically the exchanges start to liquidate the big leverages close to the price in a low volatility range, until they capitulate and then they move to the small leverages a bit further from the price, and that's the reason for the consolidations which take a long time followed by a short period trend with high volatility.
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