Bitcoin is looking good. We broke significant price levels and are now facing a healthy pullback.
I would assume a lot of stops moved into 37k range which makes bidding anything between 35 and 37k as great buy zones.
In the video we walk through the significance of 35 and 37k support levels and the 45-47 range and general multi timeframes. We also take a look into: • Perpetual Swaps v Spot Basis • Swaps Funding rates • Open Interest and Liquidations • Forward Futures contract premiums • Brief overview of Options • Bitfinex Long/Short ratios.
Once again apologies for long video form. But it's hard to cover so many things in short period of time. 😅
Leave a comment with questions, feedback or your ideas! 👊
Great video. let see or we will get a new scalp uptrend
simplejoe1
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the longer the better.
D7R
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@simplejoe1, unfortunately that put a lot of people off.
BrianM20
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what do you see the probability of another correction after it reaches 47-48K? A lot of us using EW can easily see this coming back again to mid 30s after it reaches 48K.
D7R
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@BrianM20, the more people believe in that the more convinced we pierce right trough 47 into 50. If there good bearish sentiment more likely we get out of this range sooner than everyone expects.