Macro timeframes are looking really bad. But they don't necessarily imply yet a bear market. There is good case for a macro trading range in development. We broke bellow the Quarterly Open from October and we are currently trading bellow the Yearly open currently sitting at support between the 40 and 42 range. There is good chance we bounce to retest the yearly...
Strong support base remain unchanged while we keep tapping into these lows. Books are super liquid on the bid side from 45 down to 39k. Strong possibility of revisiting lows at 43.9k quarterly open. Funding been relatively flat leaning negative with brief flips towards positive. But perpetual swaps basis keep more consistently trading bellow spot. General crypto...
Top-down analysis on Bitcoin. Price action & key levels. Potential scenarions & trading recommendations. ❤️Please, support this idea with like and comment!❤️
There is general fearful sentiment in the market that is sounding bullish to me and on top of consistent consolidation at lows. Funding rates more or less flatlined and keep going back and forward but swaps been trading consistently bellow spot, specially Binance and OKEX. Which is good news. Futures also showing some strength in the premiums while price marking...
I recommend anyone to take a look at my previous videos where I cover points I didn't cover in this one. but in the one we revisit the technical levels I am looking at and their confluence with what the books are telling at the moment. Reminder that the nature of the books is like a living animal but so far it has been quite steady. What we need to see is that...
I don't think so. But that doesn't mean we cannot revisit lows because it is likely we will do. We are possibly looking at a complex trading range. Worse case bullish scenario is revisit the 37k range and still look like a bull market on the weekly and monthly. I would be more concerned if price trade bellow 37k and funding rates in the perpetual swaps...
Top-down analysis on Bitcoin Cash. Price action analysis & key levels. Great buying opportunity explained. ❤️Please, support this idea with like and comment!❤️
Price is currently looking somewhat weak and the books are very crowded on both sides. My assumption is that the market believe 58-60k is strong support due to monthly opens but there is also a good chance we see a bear trap by visiting bellow 58 and incentivising panic sellers to jump in plus plenty of stops just under the 58 down to the 54 range. Watch the...
Price action analysis on BTCUSD. Potential scenarios & trading recommendations. Top-down analysis & slowing momentum explained. ❤️Please, support this idea with like and comment!❤️
OK Bitcoin is looking good. In this video I talk through the fact price closed above monthly down-candle opens and so far trends remain healthy. Quick glimpse through the books show some resistance at the 70k range as discussed in previous videos and that after recent moves at the date of this video liquidity from 67 to 62k is a lot a bit more flat at the...
Price action & structure analysis on BTCUSD. Trading recommendations & scenarios. ❤️Please, support this idea with like and comment!❤️
Price action analysis on BITCOIN. Candlestick pattern analysis. Top-down analysis. Trading recommendation & thoughts. ❤️Please, support this idea with like and comment!❤️
Technical outlook & market breakdown on Bitcoin. Price action & directional bias. ❤️Please, support this idea with a like and comment!❤️
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...
Let me preface that my views can change at any point IF I see evidence for such. In the video I walk trough the points that are making me feel that the probabilities are high for a possible bulltrap and we are at distribution levels. That are plenty of signs we are hitting distribution range YET this can be delayed longer than we expect has market makers...
Technical analysis and detailed outlook on Bitcoin. Price action & directional bias. Trading recommendations & thoughts. ❤️Please, support this idea with a like and comment!❤️
Price action & multiple bearish clues discussed. Trading recommendation & thoughts. Technical analysis and market breakdown on Bitcoin. ❤️Please, support this idea with a like and comment!❤️
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...