BitcoinLong
Bitcoin (BTC) • Crab 🦀 Season
Not much has changed since last video. We are still trading above 32k yet to test the 35k (and sustain above it).
Basis and Funding Rates still predominantly negative (favouring longs).
Macro trends are looking terribly at support range and all eyes should be focused on the daily and intraday start break above 35k which is the range equilibrium.
IF we trade consistently bellow 32k I would consider that structurally bad.
But hey! in a trading range - otherwise known as crab season 🦀 - we are at the merci of market-makers and algos that print those famous bart patterns.
I like to pay attention to volumes signatures. Where are they forming and what is the backward context to recent PA.
Check the video for my latest thoughts.
Basis and Funding Rates still predominantly negative (favouring longs).
Macro trends are looking terribly at support range and all eyes should be focused on the daily and intraday start break above 35k which is the range equilibrium.
IF we trade consistently bellow 32k I would consider that structurally bad.
But hey! in a trading range - otherwise known as crab season 🦀 - we are at the merci of market-makers and algos that print those famous bart patterns.
I like to pay attention to volumes signatures. Where are they forming and what is the backward context to recent PA.
Check the video for my latest thoughts.
D7R
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