A walk trough several aspects of what is currently going in the market and why I don't feel this is looking good at at all. Things can change in any moment nonetheless. We look into Coinbase chart, COT, Futures Premiums, Perpetual Swaps Basis & Funding Rates, CME, BAKKT, Grayscale and brief look of Options. NOT FINANCIAL ADVICE
In this video walk through the points why I am currently leaning bearish in the short term and where would be invalidation situation to become structurally bullish. Note that I am just talking near term since macro trend such as monthly is pretty bullish still. This means for DCA investors have great chance to DCA into cheaper bitcoin. Weekly trend now leaning...
So bitcoin came into the 55k and bounced exactly as speculated in my previous video. Now the key is this current ongoing price sustainability above 58k. That means that we now have good directional bias and invalidation of that would be price trading und 58k again. One note that funding rates are still very high and so are swaps V spot basis. Futures premiums...
Bitcoin is likely to see a small drop to 55k and in most extreme scenario around 49k. This move will bring a necessary reset to Perpetual Swaps and Funding rates as well as a small flush of the premiums in the Futures market as December is currently trading in contango at 22% premium. Options by the end of the month show significant interest around 80k and...
Bitcoin corrected right into 50k discussed in previous video. Now we take another look at what are the best probability scenarios.
There are ongoing signs of weakness while we don't see price sustain above 58k. Futures premiums were extremely high and now seeing a bit fo normalisation as price retraces. The 50-52k range is a zone of interest and high probability support (with wick extension towards 49k) Perpetual swaps are now starting to trade more consistency bellow spot pushing funding...
Follow-up video as expected dump right into demand ranges outline in previous video as well as reset on perpetual swaps and futures. Check video for my thoughts.
Bitcoin $BTC Futures premiums are looking extremely high for December contracts at 21%, but we are yet to see a divergence in momentum. Swaps also trading excessively high with above 80$ diff between spot. Exception to OKEX who seem to rushing short which is naturally a contrarian (ie. more upside) March need to close around 67k in order to keep in pace with the...
So finally we got a necessary deep shakeout. Let's take a look into possible bounce zones (and idea buy ranges for long term) In the video i talk about trendlines (obviously) the 45k and the 50k ranges, the monthly/weekly demand trend and possibility (althou unlikely) of a deeper correction. We also look into perpetual swaps premiums vs spot price near the end.
Thanks to Tesla announcement of $1.5B worth of Bitcoin purchase into their corporate treasury we know many other companies will follow suit. I was expecting correction back into the 36k support range but the news clearly canceled and market instantaneously front run by pushing price another 10% up. We are now at another ATH in price discovery mode.