Ryan Matta — Bitcoin $56,000 to $48,000 liquidity range explained

Speaker 1: Let's talk about Bitcoin and I want to show you this new indicator that I found. I've actually used it for a while but the more that I look at it and the more I correlate it to previous bull runs and especially when you put it on the weekly time frame you really get some interesting signals and I'm going to tell you why I believe that price is coming down to at least 56,000 to 48,000 give or take somewhere in that price range which would coincide with our original predictions that

At

Speaker 1: 60,000, you're within 10 to 15% of bottom. So buckle up, let's get it

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Speaker 1: while at the same time saving yourself the most amount of money buying Bitcoin because they have the lowest fees out of any exchange. and let's get it so this is one of the things i don't see most traders pointing out and it's called liquidity so if we zoom in

Speaker 2: right here on the daily time frame and you can see how basically price basically shot straight up in this kind of in this window if you will we have a little bit of pullback here and a little bit of kind of resistance and you see these wicks kind of wick down in here okay so that's all liquidity right so that was basically the short sellers coming down here liquidating all the lawns right before skyrocketing price back up same thing right here so this area is a bunch of liquidity so normally when you have price movement that's that's rapid like this and you skyrocket from certain thresholds you have a bunch of people there's a bunch of what's called liquidity down here so you're most likely going to come down price is most likely going to come down clear out all that liquidity maybe even a wick down farther into it before it finally pushes back up to the upside and that liquidity range right there is about sorry 56 to 48 000. so the next indicator i want to talk about is the divergence of many. So you have different types of divergences. You have your stochastic cross, you have your RSI, you have your MACD, you have your VM MACD, you have all these different indicators, right? And each indicator alone can give you a buy or sell signal. Now, what happens with this indicator is it takes like five to 10 different indicators, combines them all to get it together. And it says, okay, like right here, right now at this peak, you are getting six short divergences, meaning there were six different indicators all at the same time simultaneously telling you

hey

Speaker 2: price is about to crash, we should pay attention. And this is on the weekly timeframe, we can do it on the daily timeframe, and you can bounce between timeframes. When we get up into like the weekly or even the daily timeframe, and you're getting four, five, six, seven confirmation saying, hey, this is bottom, that might be a good time to start paying attention. So how many are we looking at right now? So the first thing I wanna tell you guys, if you guys are watching this on YouTube, it's only gonna let me put up three minutes for the short version. So if you guys want the full version, come over to Instagram @shotsbymata over on Instagram

so if we

Speaker 2: swing over here to trading view we want to make sure on the daily time frame we want the divergence of many indicator you can see right here these are different signs of confirmation it's a confirmation count so you have the mom indicator and the cmf indicator both telling you hey short position here you could have taken that short probably played it down a little bit but we're looking for tops of the bull runs we're looking on the daily time frame to get lots and lots of signs of confirmation so here at this point price is around what was that around 121 000 give or take and you see you got six signs of confirmation then finally you hit the holy grail, which is eight signs of confirmation. I tell myself I don't take a trade. I don't look for anything else