Bitcoin reversal and when to buy back (long term view) 2
It was only when the kimchi premium reached 0 or minus that it turned into a bullish market.
(Check the circled part)
This time too, the decline will only end when individual investors surrender.
Additionally, high OI is maintained.
Short liquidation price 69k
Long Clearing Price 50K
Observe these two points carefully.
The freeing up of liquidity from futures liquidation gives futures forces the power to reverse trends.
(Check the circled part)
This time too, the decline will only end when individual investors surrender.
Additionally, high OI is maintained.
Short liquidation price 69k
Long Clearing Price 50K
Observe these two points carefully.
The freeing up of liquidity from futures liquidation gives futures forces the power to reverse trends.
Comment:
For now, it's important to note whether short-term investors are buying more or selling less on the short-term bounce after a pullback.
If they sell on the bounce, the kimchi premium will fall and a new uptrend will begin.
If the opposite happens, the price will fall towards the 50K mark.
If they sell on the bounce, the kimchi premium will fall and a new uptrend will begin.
If the opposite happens, the price will fall towards the 50K mark.
Comment:
Short liquidating mills around 68k
Comment:
Short-term resistance 65K, 67K
Trade closed: target reached:
65K short liquidated
Comment:
Next liquidation target 66K 67K
Comment:
Last 69K
Trade closed: target reached:
66K short liquidated
When short-term investors buy on a bounce after a short-term pullback, the futures whale adds additional selling pressure, and when short-term investors sell, it turns the trend into a new bull market.