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Good day to all! It looks like bulls are exhausted and we are waiting for a correction at least to the zone of imbalance, as a maximum continuation of the downward movement!
Against the backdrop of a sharp increase in hamsters, the hope for rapid growth has mounted, but smarties use this and we are waiting for the landing of all weak players.
The price came to a logical resistance on the VOLUME PROFILE, which coincided with the Fibonacci correction level on the 1d timeframe
So maybe this whole movement was a big fraud, and the breakdown of the bearish line, too? This is not ruled out, as teak volumes fall, there are no bulls, and there were no large volumes for the breakdown of the trend line.
On the four hour chart, we immediately see 2 hidden divergences on OPEN INTEREST INDICATOR, on a larger and smaller timeframe, which gives an early warning of the impending movement.
CMO is in the overbought zone, showing a bearish divergence, which also speaks of the depletion of bulls
EMA 5 sharply began to move downward, which in conjunction with the remaining signals makes you hold your finger near the SELL button, EMA 12 is pierced, another confirmation
Is everything so bad? Not really. Definitely now it is worth closing a long position and waiting for a new opportunity to enter the market, but there is a good chance to see a rebound and growth in the near future. We have not punched the EMA 50, the nearest resistance is not so far, including the imbalance zone, and the closing of short positions on the open interest indicator in the past indicates the end of the set of smart positions.
The business of professionals to observe and draw conclusions, not to be prophets, safely close positions, wait for a buy signal and pay attention to interesting violas, some ahead give signals on the market, and some are violating all the laws of the market, and promising big profits
All Profits of FVB TEAM
References to examples of the work of open interest indicators are attached. OPEN INTEREST v2 is already available
Against the backdrop of a sharp increase in hamsters, the hope for rapid growth has mounted, but smarties use this and we are waiting for the landing of all weak players.
The price came to a logical resistance on the VOLUME PROFILE, which coincided with the Fibonacci correction level on the 1d timeframe
So maybe this whole movement was a big fraud, and the breakdown of the bearish line, too? This is not ruled out, as teak volumes fall, there are no bulls, and there were no large volumes for the breakdown of the trend line.
On the four hour chart, we immediately see 2 hidden divergences on OPEN INTEREST INDICATOR, on a larger and smaller timeframe, which gives an early warning of the impending movement.
CMO is in the overbought zone, showing a bearish divergence, which also speaks of the depletion of bulls
EMA 5 sharply began to move downward, which in conjunction with the remaining signals makes you hold your finger near the SELL button, EMA 12 is pierced, another confirmation
Is everything so bad? Not really. Definitely now it is worth closing a long position and waiting for a new opportunity to enter the market, but there is a good chance to see a rebound and growth in the near future. We have not punched the EMA 50, the nearest resistance is not so far, including the imbalance zone, and the closing of short positions on the open interest indicator in the past indicates the end of the set of smart positions.
The business of professionals to observe and draw conclusions, not to be prophets, safely close positions, wait for a buy signal and pay attention to interesting violas, some ahead give signals on the market, and some are violating all the laws of the market, and promising big profits
All Profits of FVB TEAM
References to examples of the work of open interest indicators are attached. OPEN INTEREST v2 is already available
Trade active
We sit and do not believe in any fluctuations in the market! Waiting for the zone of imbalanceTrade active
On the H1 there is a rebound, who likes to be nervous and scalp off the market. can go for a couple of hours)) Nearest resistance 8080-8150, who read books on risk management are sitting and watching))Trade active
Despite stopping the BTC, there is no reason to go into a long position, waiting for a rebound from the point of control or imbalance and buying volumesTrade active
Without panic, on h4 we are aimed down, the deal for shorts is active! We sit in the position and look at h1, the traffic stopped, rested in the zone of imbalance.Trade active
We are still sitting and watching in a short position, I observe a divergent bearish divergence on h4, the bulls have not finished yet, we have not reached the target zone yetTrade active
We go along the trend line, h1 confirms the divergence of open interest to a short position. Our signaling bot showed a short position. the analysis is still active, we sit and watch how the holdersNote
now the price of bitcoin is in the horizontal corridor and broke through the line of the downtrend.But! in the consolidation of the POC (control point) is at the top. This suggests that the smart picks up a position on the shorts - if it were the other way around, they would be gaining a position at the bottom of the consolidation.
On the indicator of open interest, we see a divergence of 1 hour, 4 hours.
I like it )))
Smarts, who have taken a long position around 6700 have not yet thrown out fellow travelers. This is what we are waiting for.
We stand short to the bearish trend line ..
Trade active
Open interest is still falling, control point 8330 has suspended the BTC, maybe it's time to go down? Some altcoyns form the figures of the reversal, it is difficult to trace the smart's actions, the signals for a short position are largerTrade active
Correction is not complete, before considering the long position, we observe the depth of correctionNote
While Bitcoin brings us a little bit - in our portfolio we hold XVG, now we have addedhuge growth potential and profit / loss ratio is satisfied.
All the best!
Note
Open interest go down 
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