Funding analysis for BTC suggests we will see low 6K's if funding is to flip in current range
The longer we go down without flipping suggests this number ends up lower
With a grain of salt, but golden ratio on funding, price and time historically followed this rough guideline
Banks right now: "World economy hit hard by Corona virus"
What about: "Corona virus putting needle in bubble caused by banks and their monetary policy"?
well $LTC just did a 5 wave decline so i have to assume that move was an A wave and the next bounce will now be counter trend.
waiting for some kind of signal but obviously crypto has been following equities since it topped last month.
traditional markets fear and greed was....
This CME gap is crazy. Almost 900$.
I feel that many people will open longs anticipating it to be filled.
The question is whether the market will rip them off soon, or later...
$BTC $BTCUSD #bitcoin
Two possible scenarios I'm looking for to get long for a raid of the equal highs at $8970:
- A sweep of yesterday's low and a close back above it.
- Reclaim today's open at 8757 with a tight SL at today's low, expecting LOD to be in at that point.
The correction of the drop couldn't go though 23.6% Fibonacci retracement level (yet). If it is broken, the next targets will be at 9220$ and 9460$.
The former one is/will be around a daily Bollinger Bands base line. The latter one – at the major S/R level.
$BTC $BTCUSD #bitcoin
#Bitcoin Bullish thesis
Not gonna lie if i were bullish this is a good punt a long or better yet on the break of the descending channel of the proposed wave (ii) double zigzag correction/blue
$BTC #crypto
A potential head and shoulders formation with the target at ~6100$.
Considering the 9150$ as a level of the previous support/resistance zone, the right shoulder might top there.
$BTC $BTCUSD #bitcoin $XBT