@RuneLar51212575 Not sure if I will come back ever again. SPX correlation makes trading BTC nearly impossible nowadays. Either u catch the big moves our you will get just chopped out by bots.
$BTC UPDATE
Was a bit late to the party with 19.9k cause I wasn't on the computer but when I came back and saw this spring I wanted to be immediately long. Huge volume so far at current sign of strength. Let's fucking go guys!
$BTC UPDATE
Was a bit late to the party with 19.9k cause I wasn't on the computer but when I came back and saw this spring I wanted to be immediately long. Huge volume so far at current sign of strength. Let's fucking go guys!
12hr $BTC UPDATE
Looks like bears are totally exhausted here. Volume very low and declining troughout the range. I expect a bigger move very soon. Bullish divergence on MFI. OI shows potentialy a lot of shorts above us. Let's see if $SPX won't ruin the party again.
$BTC UPDATE
We sweeped already the lows but Open Interest didn't dumped so I assume these are mostly aggressive shorts and so far they failed to pushed it lower. I believe we could easily run higher with that amount of fuel sitting above us. I am still long from 22k.
$BTC UPDATE
Longed here. Looks bouncy to me and if we can manage to get back into the range, a break of 25k is on the table again. Open Interest didn't drop a lot so I guess there are a lot of shorts sitting right above us.
$BTC UPDATE
Longed here. Looks bouncy to me and if we can manage to get back into the range, a break of 25k is on the table again. Open Interest didn't drop a lot so I guess there are a lot of shorts sitting right above us.
I got stopped out over night. Not interested in taking any position here anymore cause I think the market right now is heavily bot driven and you really can see this at the Open Interest profile on Binance. Longs and shorts getting chopped out. Better to stay away for a while.
$BTC UPDATE
Pretty low volume dump with heavily increasing open interest. I think shorts are too aggressive here and could easily be squeezed up. This dump is mostly caused by $SPX. I longed here. Let's hope $SPX won't nuke further.
$BTC UPDATE
The reason why I believe this is a Wyckoff reaccumulation range rather than a distribution range is:
1. UTAD is missing
2. Low volume on the downtrend
3. High volume at possible spring
That said u never know before it happens. I guess we will know soon!