Fasten your belts we finally entered into consolidation market with some ups and downs along the way. To start I do not (yet) think we are in a bear market. This drop was necessary and long time coming after the slow grind on weak volumes and strong sell pressure coming from the books. Something I didn't cover in the video is the volumes on CME and BAKKT as...
The books show significant cluster of orders between 50 and 52k. Right after up to 60k not much (for the moment). Which implies that a move very fast towards 60k could happen if we break 52k. Swaps trading consistently above spot BUT similarly like in the previous bull run from 10k. We have Binance and OKEX perpetual swaps trading bellow. This implies that...
Bitcoin sitting right under the 50k resistance. Books confirm a lot of sell pressure but above 52k that liquidity quickly disappears. This suggest this may be temporary blockage and the fact we marked up so fast on low volumes toward this ranges create condition for a consolidation where a lot of bear will show up and short the derivatives market. We already see...
Market Makers are now in control as we can see with those Bart patterns forming up as demand faded away and supply is also weak. We have strong orders in the books around 47.5 and 50k acting as major resistances across the board. Swaps now showing more frequently trading above spot which implies bearishness BUT we don't have yet the structural daily trend from...
Bitcoin is getting ready for a possible correction. In this video I go trough the books, talk price levels to look for and also very briefly talk trough some futures data. Next video I will cover some other points like futures premiums and swaps v spot basis or finex long/short ratios.
After reassessment of the charts, volumes, books, perpetual swaps vs spot. I think I was absolutely wrong in thinking we are were running into a bulltrap at 47. I do not think that anymore due to the ongoing strength coming out of coinbase. That strength is predominately huge buy (real) volumes. There some resistances at 47 and 49k (close to the psychological...
Bitcoin is currently widely claimed as back to the bull market by popular youtubers that are calling the bottom and that are 100% long. On top of that we have a bubble popping out with a boom of Glassnode analysts selling millions of newsletters with in-chain data that everyone sees. "Institutions are buying/accumulating" This is alarming to me. I tend to...
Hello Kings! 👑 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...
Nice momentum showing up on Bitcoin. We pierced right through 35 and 37k important levels. Price now need to sustain above the 35k to be in relatively bullish waters before next resistance range. However, we are not yet back into high probably bull market trend since we have the 45-47k as a very significant range (50% between local top and local lows)) and we...
Not much has changed since last video. We are still trading above 32k yet to test the 35k (and sustain above it). Basis and Funding Rates still predominantly negative (favouring longs). Macro trends are looking terribly at support range and all eyes should be focused on the daily and intraday start break above 35k which is the range equilibrium. IF we trade...
In this video I do the normal routine. Talk trough the trends, volumes, some technical levels based on price, FTX and Deribit Futures, Perpetual Swaps v Spot Basis, Funding Rates, Open Interest, Liquidations, Bitfinex Long/Short Ratios and volumes on CME and BAKKT Futures forward contracts. More reasons to be bullish than to be bearish at the moment but at the...
I see have strong evidence we hit a local bottom and are ready to test the upper range of this trading range. Volumes are looking great and also have clues coming from CME and BAKKT Futures. First major target is the.. watch the video.
Apparently there are some people out there already calling for 10k. 👀 In this video we take a look into Volumes and data coming from Futures. Watch the full video for my general overview packed with useful information you can incorporate in your own analysis. I talk through some heuristics that can be helpful to assign odds and further develop your own thinking...
There is strong going demand. Intraday Volumes at lows are looking great and the Daily seems to picking up a nice steady grind. 37k is a nice bidding area in case of retest of lows to create a bear trap. Remember that this is also a probability. Futures also showing some ongoing strength and Swaps trading bellow spot which implies strong demand coming from spot...
Bitcoin is in a very difficult position at the moment. Low volumes, low volatility, books look like accumulation but keep flipping liquidity pressure up and down every 4-8h or so. In this video we also take a look into Funding Rates, Swaps/Spot Basis, Futures Premiums and Bitcoin<->Altcoin Rotation charts. Make sure to check my latest article in the links bellow.👇
Bitcoin want to test higher but volumes overall still looking very weak to be considered bullish. Swaps keep trading back and forward but futures still remain relatively flat with normalised premiums (that is good). Funding rates currently favouring shorts as price mark up. Overall feel pretty neutral leaning bearish (even if we mark up to test 45k range). Daily...
Bitcoin finally broke the trendline coming from the top and it's likely that is on a corrective pullback (not return to bull run) I don't buy the "we found the bottom" narrative just yet since we don't see strong volume signs coming from different markets, specially futures. Funding rates are also pretty flat at the moment which reveal a lot of uncertainty....
Bitcoin was long due for deeper correction and we are finally seeing it unfold possibly for the reasons discussed in my previous video. Today, I take a look at the trend and some structural technical levels to be paying attention in the near future. Also cover liquidations, funding rates and futures premiums.