Bitcoin (BTC) • Caution. Still inside complicated range
Good morning everyone. Welcome to another weekly review.
Funding rates are marking positive and growing across the board as we hit into a major technical resistance level at 28.4 (Q'APR) and rejection back into 27.5 (W4'APR).
The books are not supper strong on the sell side and we have some support base building around 27.0 and 27.3
In this video I walk through these levels to explore possible behaviour on what I would like to see are not. On top of that usual brief comment on Futures data and order-books.
If you find content useful don't forget to HIT that ROCKET and let me know if you agree or disagree.
Funding rates are marking positive and growing across the board as we hit into a major technical resistance level at 28.4 (Q'APR) and rejection back into 27.5 (W4'APR).
The books are not supper strong on the sell side and we have some support base building around 27.0 and 27.3
In this video I walk through these levels to explore possible behaviour on what I would like to see are not. On top of that usual brief comment on Futures data and order-books.
If you find content useful don't forget to HIT that ROCKET and let me know if you agree or disagree.
Comment:
On Balance Volume showing up with unusual divergence vs price, reminding the double top divergence.
D7R
Significant hedging took place leading into these highs even with low 2-3% premiums.