Hi everyone. Thanks for your support and engagement in my last video (link below if you didn't check it).
I thank mods for the "Editors-Pick" selection.
So we break the 17.1 very fast toward the 20k target range. Next, up target site is between 23-25k. and possibly retrace here into that 19.4 region and another minor but more aggressive/less likely pullback target is also pointed out in the video.
Funding rates have risen very fast as bullish sentiment spreads across the board. that is why perhaps there is a good chance to see a small pullback to wash some overleveraged longs or get sideways to funding tax those positions every 8h.
Futures are all majority in contango (except Bitmex) and coinbase books show a wide range of liquidity available up to 40k (the roman pavement). In the video, I go through it near the end.
I also hypothesize about a possible macro bear scenario. Be aware that I have no clue what will happen. As discussed in the video I am not very convinced the bottom is in and we can indeed have a substantial rally here before more pain leads into next year.
As of now, my long-term opinion is irrelevant because technically speaking things are looking good for more upside.
Very good, i really like how you take into account all the futures data, this is what I'm trying to build up. what platform did you use to see the orderbook so clearly and organized? and why do you only had coinbase pro and not other exchanges? Thanks
jamoooo
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Keep your vids long! here or youtube. One of the 2-3 analysts I always make sure to catch
TradingShot
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Solid technical pattern. What is your opinion on our idea?
InvestingScope
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Always like your analyses. Perhaps you like our latest too: