Bitcoin (BTC) • Range Update
"are you not entertained gladiator?" - Bitcoin
Welcome to another weird range PA. Volume keep low and with new May open close to the April/Quarterly Open and 2021 Year we have a clear risk basis to attach directional bias.
As we trade under the April open we are back in bearish territory but as explained the the video (check it out) there are some orders here at 27k trying to protect the range and the biggest demand zone at 25k range across multiple exchanges.
In the video I walk through other data points that may or may not look bullish.
Make sure to watch the whole video to see where I am coming from in terms of the contextual view of current PA.
Reminder things like funding, futures and orderbooks are always changing with the market between video updates.
Hopefully with these video you get to improve your technical ability based on type of heuristics I generally choose to pay attention to on a daily basis.
Welcome to another weird range PA. Volume keep low and with new May open close to the April/Quarterly Open and 2021 Year we have a clear risk basis to attach directional bias.
As we trade under the April open we are back in bearish territory but as explained the the video (check it out) there are some orders here at 27k trying to protect the range and the biggest demand zone at 25k range across multiple exchanges.
In the video I walk through other data points that may or may not look bullish.
Make sure to watch the whole video to see where I am coming from in terms of the contextual view of current PA.
Reminder things like funding, futures and orderbooks are always changing with the market between video updates.
Hopefully with these video you get to improve your technical ability based on type of heuristics I generally choose to pay attention to on a daily basis.
D7R
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