Bitcoin chilling at lows can we bounce or down-only?

Bitcoin / United States DollarCoinbase

Description

⋅ Nov 25, 2022 8:19 PM

Bitcoin is back into sideway PA.

Macro trend and lagging indicators still looking bearish.

However, I see the chance that while trading above 16.2 we have shoot at trying the upper ranges like 17.6 or the 18.4.

Check the video for more nuance talk through some of the data I look at and the technical structure I am currently paying attention to.

If you want more details and learn about different Bitcoin advanced data points don't forget to check links in signature field.

Comment

⋅ Nov 26, 2022 12:59 PM

Funding Rates looking good as of now.
Longs getting paid and Funding Weighted by Open interest are negative (favouring upside)

Comments

Silkmilk-

⋅ Nov 25, 2022 10:55 PM

Great in-depth and easy to understand analysis. I very much appreciate your work. Thank you.

D7R

⋅ Nov 26, 2022 12:59 PM

@eh-Trader, great! 🫡

fatdawg88

⋅ Nov 27, 2022 5:52 PM

Thanks again for another BTC update, really enjoy your analysis and breakdown. Was wondering what is your ETH bottom target range? Would be awesome if you did an ETH video. ;)

SwallowPremium

⋅ Nov 26, 2022 7:46 PM

Thanks for your perspective on bitcoin))

wisemanofc

⋅ Nov 26, 2022 1:43 PM

Great analysis check my idea.💡