Whales are luring trader to build short position
We are in the Phase 4 (Refill short fuel) of bulls attacked and whales are luring trader to build short position
ETHUSD
BTCUSD
Phase 4. KD80 -> KD 60-70 (Mild) or KD 40-50 (Aggressive):
Market makers completed the first short-squeeze and most retail investors started to open the long position. Therefore, the price correction will happen in the short term because the fuel of short-squeeze is not enough.
See the Funding Rates of BTC(Ð), the fuel of short-squeeze is not enough.
upload.cc/i1/2022/02/11/iXCHOr.png
Thus, we are in the Phase 4 (Refill short fuel) of bulls attacked and whales are luring trader to build short position.
There are two mode to lure trader building the short position:
1. KD from 80-100 fell back to 60-70 (Mild): ETH price 2950-3100USD
or
2. KD from 80-100 fell back to 40-50 (Aggressive): ETH price 2700-2800 USD
Ps: If you want to understand the complete process of strong bulls attack (5 steps), please check my previous articles :D.
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Analyst of cryptocurrency Yu-Shiuan Chen (CQ & Tradingview Taiwan)
ETHUSDBTCUSDPhase 4. KD80 -> KD 60-70 (Mild) or KD 40-50 (Aggressive):
Market makers completed the first short-squeeze and most retail investors started to open the long position. Therefore, the price correction will happen in the short term because the fuel of short-squeeze is not enough.
See the Funding Rates of BTC(Ð), the fuel of short-squeeze is not enough.
upload.cc/i1/2022/02/11/iXCHOr.png
Thus, we are in the Phase 4 (Refill short fuel) of bulls attacked and whales are luring trader to build short position.
There are two mode to lure trader building the short position:
1. KD from 80-100 fell back to 60-70 (Mild): ETH price 2950-3100USD
or
2. KD from 80-100 fell back to 40-50 (Aggressive): ETH price 2700-2800 USD
Ps: If you want to understand the complete process of strong bulls attack (5 steps), please check my previous articles :D.
----------------------------------
Analyst of cryptocurrency Yu-Shiuan Chen (CQ & Tradingview Taiwan)
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