Bitcoin • Return of the bull
Updated
The bull never LEFT! While keeping trading above 23.1, we are in business, heading toward the 2021 yearly open level.
The books look strongly aligned with the ongoing trend and price structure.
Check the video for my overall overview update.
As usual, talk briefly about funding, order books, futures term structures, and price chart.
The books look strongly aligned with the ongoing trend and price structure.
Check the video for my overall overview update.
As usual, talk briefly about funding, order books, futures term structures, and price chart.
Comment
There's ongoing, usually sell pressure on Binance and Bitstamp. With Bid/Ask ratios flipping negative. Considering the circumstances it is prudent to de-risk if price trades under 24.3k.
Criteria to "how much to de-risk" depends heavily on one's entry point or avg cost price.
But overall liquidity on Coinbase in terms of demand as discussed in the video is very strong down to 22.5k
D7R
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