Bitcoin (BTC) • We hit resistance levels. Pullback soon
Updated
Bitcoin is getting ready for a possible correction.
In this video I go trough the books, talk price levels to look for and also very briefly talk trough some futures data.
Next video I will cover some other points like futures premiums and swaps v spot basis or finex long/short ratios.
In this video I go trough the books, talk price levels to look for and also very briefly talk trough some futures data.
Next video I will cover some other points like futures premiums and swaps v spot basis or finex long/short ratios.
Comment
turns out that derivatives have been consistently shorting making swaps trading bellow coinbase. With is good news to bulls at is more fuel for the rocket.
Under these condition we are likely to get into the 50k range.
If this keep this way also good odds we break upwards. This general asymmetric bearishness at resistance is something that favour the bull side.
D7R
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