BTCUSD - forecastWe study bitcoin
Open interest is still negative, but
- increases
- there is a bullish divergence on open interest
- volumes increased
When the OI becomes more than 1500-2000, we should look for the entry point to the long one.
Wolf waves are shown on the OI indicator target OI.
Wolf's waves on the chart seem to have strayed up and show the target area . Dotted arrow are the probable movement.
Open Interest
BTC -bottom?It seems that the bulls decided to slow down and, judging by the indicator of open interest, they took a more thorough approach. This caused a transition to another horizontal corridor.
In the near future, we expect a partial repurchase of positions, but signs of a stop are not yet visible.
For buy BTC is not the time now.
While waiting for the campaign even lower to support levels.