In previous video we covered the high probability ongoing correction vs USD and now we also have strong signs coming out of the Bitcoin pair.
ETH is currently looking weak on the Weekly and singling a reversal on the daily. Check the video for technical levels and my overall thoughts on the king of all scams.
FTT is currently looking toppy here, even if it decide to rest highs. Daily and Weekly chart showing weakness and local top volumes seem pretty crazy as well. In the video I walk through some S/R levels and some scenarios.
In this chart we have a birds-eye-view of most DeFi perpetual swaps against the DEFIPERP index (an index with around 25 defi tokens) RUNE and SOL immediately come to attention as the biggest overextended pushers. CREAM, KNC, COMP biggest laggards against the index. This is also subjectively bullish since coins that underperform generally tend to have liquidity...
ALPHA went on longer consolidation and now if offering another try to the breakout out of the trend. A lot also depends if Bitcoin doesn't decide to crash. Nonetheless there is a a chance we see another stop-hunt bellow the recent local lows. Managing risk accordingly is always required DEFI tokens trending up.
There is good chance AAVE will finally break the range here. Pullback would offer great entry but might also not see it because we got one into the mean of the range already. DEFI Index is also moving up.
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
Doge saw significant rise in derivatives toward the 1.3B open interest. We now seeing the necessary reset on funding rates which are currently normalised towards the baseline but surprisingly not bearish. That lack of bearishness is exactly what makes it look bearish. There isn't enough fear. We take a look through what i think to be decent support ranges and...
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...
After that last upthrust pump it started becoming clear that something was coming up. Most Futures contracts were showing unusual local top volume activity and the basis vs spot was declining during that uptrend which implied that shorts getting liquidated but above positions started getting closed. Once we saw leg down to 59k again I knew something was up and...
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...
There is a good chance we are seeing lows for alpha. Likewise this seems the great place to start thinking about building into next 10x (hey, I DONT have any idea if we going to see 10x... this is not financial advice.) As per video analysis there is very good chance we will start seeing strong momentum from here and following the momentum also seen on AAVE....
Alpha Finance Lab (ALPHA) is looking like Bitcoin March 20" capitulation on lower timeframe. There is good chance it will test the upper side of range (triangle) resistance and a small pullback to test inside the triangle BUT conditions are looking good this this recent Higher Low to be the last point of support (LPS) This is where optimal risk-reward can...
Ok. Volumes and break of price structure coming from spot and swaps are looking very strong here for AAVE. It means that is probably time to long the longs.
GRT is looking strong here. We broke 1.95 resistance and conditions are set to break 2.3 range.
Check video for my comments on this trade setup.
Cardano is looking like its building momentum to break the monthly open resistance. I see current price level as a range with tight invalidation points which offer good RR. setup.