Strong support base remain unchanged while we keep tapping into these lows. Books are super liquid on the bid side from 45 down to 39k. Strong possibility of revisiting lows at 43.9k quarterly open. Funding been relatively flat leaning negative with brief flips towards positive. But perpetual swaps basis keep more consistently trading bellow spot. General crypto twitter sentiment is bearish.
Around 5B will expire tomorrow in the Options market but these moves we are seeing are already reflecting that settlement event. There are insane amount of open value allocated toward puts but put/call ratios is very low. There is a significant divergence between open value and put/call ratios which is looking bullish as well.
Futures premiums are quite normalised and not seeing huge short pressure any more for quite awhile with exception of volatility in last few days.
Most volume is produced at lower swings and rarely on pumps. Weak hands distributed to stronger ones while there is little fomo ( people not bullish)
Remember that my views are merely hypothesis and trading decisions should account for proper risk management based on risk-reward and probabilities.
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Thanks for doing these. So much useful information.
simplejoe1
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thank you. was waiting for this update
nisiP
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Good work! Thanks for sharing your ideeas!
kimstandgraph
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Good work
AlkalineFX
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Valuable breakdown.
MVPMC
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Agreed 👍 Lets hope it dips, that's a good buy.
Clevortrevor
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Your chart analysis is the best I've seen with excellent in depth information. Please continue to do this analysis, you give great insight. I really appreciate it.
simplejoe1
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according to cryptoquant the bitcoin leverage ratio has hit a new all-time high. sign of possible big correction?
smiguelfigueiredo
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Boa analise como sempre! Good insight analisys! Lest wait and see the results in the markets of the next few days!
Fakano
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Best Crypto analyzer I know. Keep it up D7r, thank you very much. Did you stop the youtube videos? How can we get more content from you?