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Consensio: P > L MA > S MA > M MA with L MA flattened out
Patterns: Phase 7 hyperwave | | 1h
Horizontals: S: $3,589 | R: $3,625
Trendline: (see yesterday’s post)
Parabolic SAR: $3,336
Curve: Backwardation with 0.82% spread. Appears to be re entering Contango after taking out the 2 week high.
BTCUSDSHORTS: Continuing to pull back from the .
Funding Rates: Longs pays shorts 0.01%
TD’ Sequential: G2 = G1
Cloud: Thin cloud shows little resistance above if we can take out yesterday’s high
Index: Back above 50
Average Directional Index: Bull trend
Price Action: 24h: +0.2% | 2w: +2.&% | 30d: -8.1%
Bands: Showing the first signs of a bull trend (turning MA and top band up)
Oscillator: D, 3D and Weekly Cross. Is very / powerful for those to occur at roughly the same time.
Summary: I like to start with a very long term view and then zoom in when the markets start moving. Have been keeping my eye on the 1h chart over the last 24 hours and I like what I am seeing.
declining during consolidation while forming a 1h . Entering a stop order at $3,640 makes a lot of sense and provides very . Could also set a order at $3,716 which would be a daily green 2 above a green 1.