Eyes on BTC

27 oct.

since Jan 2023 BTC has been up, It’s trading near all-time highs and not showing any weakness.
I’m expecting seek-and-destroy (S&D) formation by market makers. Where buyers and sellers are taken out, you’ll notice millions being liquidated in the crypto world. This can occur after the US election.
Once S&D is over makers will push prices accordingly. At the moment most BTC holders are in profit after engineering lows makers can buy it at a discount

why I’m expecting S&D?

when the price is near ATHs or ATLs and a big news event is nearby market makers tend to create an S&D situation where at some point normal retailers believe the price will continue further and at some point they will expect a reversal. In a way, retailers are taken out resulting in the market maker’s favor.

So the last bearish leg can be their best buying opportunity if market makers want it to pump further