The BTC 4950 low offered as suspected a floor to the correction from 5650 high which turned the token back up. Today break of this previous high confirms a new leg up is underway, with a potential target somewhere in the 64-6500 area. This would mark the end of a wave of higher degree, 3 in green. Short term, 5850-5950 may stop the rise and trigger a few day sideways action. This is coherent with the stretched technical. Please note the weak momentum.
Funding rate for longs on Bitmex right now is ginormous. It's been at ~0.06%/8h for the past few days and sits at 0.1% right now. This high rate shows a bearish mood among market players.
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Funding rate for longs on Bitmex right now is ginormous. It's been at ~0.06%/8h for the past few days and sits at 0.1% right now. This high rate shows a bearish mood among market players.
The TTH team is pleased to announce the grand opening of its Slack team. You will share trading ideas with our community, improve your trading skills, benefit from live intraday technical analysis and strategies. Video sessions with TA teaching and concrete cases are on the agenda too.
Welcome bonus with a free trial
Link to the : Slack team
If you want a preview of our analyses,
follow us on Twitter
follow us on : Facebook
follow us on : LinkedIn