BTCPERP
trapsontrapsontrapswhile retail is asleep on this wonderful rain-filled friday morning, the ponzi strikes yet again.
i discussed this exact dip on july 16th\july 17th in very much detail via one of primary scenarios:
have also shared many alternative scenarios, just so we could be ready for anything this thing throws our way.
like we could easily bounce at 38k, and try to make that push to 42k again before capitulating down. either way, i think we will see 32~33k before we see higher prices. that's the safest area to try to catch a long if that's your cup of tea.
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scenario 2 (my favorite one), which is the perfect trap for retail from a psychological perspective:
fill the gap down below at (32k) ---> fill the gap up above at (49k) ----> capitulate down to 22k (0.382 w4 algo target on the highest degree) to liquidate everyone before the real big run to 100K~3M begins (could wick as low as 15k)
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ps. i know everyone is very eager to buy some alt coins\ has some serious fomo these last couple of days, so this is a direct message to you:
our time will come, but that time is not yet here.
i've a few picks which will run between 10,000~100,000% on the next bull run & i'll happily share them with everyone when the time feels right.
patience
is
🔑
✌
Bitcoin (BTC) • Return of the Bulls? lets take a look...Nice momentum showing up on Bitcoin. We pierced right through 35 and 37k important levels. Price now need to sustain above the 35k to be in relatively bullish waters before next resistance range.
However, we are not yet back into high probably bull market trend since we have the 45-47k as a very significant range (50% between local top and local lows)) and we didn't see significant volume capitulations at lows. The only thing that was super bullish during past weeks was the consistent negative funding rates but they were not super negative either and we are now observing a quick slight flip in those rates.
Higher timeframes are still in flat waters with no clear direction since we are trading inside the price established weekly ranges
Be aware that most price action since the drop has characteristics of a trading range and it's likely we see some shakeouts so that alts get pushed down vs bitcoin dominance even further. I cover some of that in the video.
As usual the video went long because I also cover futures data points, some new and some old, but on balance all useful information to learn from and keen an eye on.
LET ME KNOW if I should do smaller videos but more often and different points (not cover all) here and there instead of one massive weekly video.
My regards to all Moon Kings out there 👑🌖
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.
Bitcoin (BTC) • It's all about volumesIn this video I do the normal routine. Talk trough the trends, volumes, some technical levels based on price, FTX and Deribit Futures, Perpetual Swaps v Spot Basis, Funding Rates, Open Interest, Liquidations, Bitfinex Long/Short Ratios and volumes on CME and BAKKT Futures forward contracts.
More reasons to be bullish than to be bearish at the moment but at the end of the day... the trend is you friend.
Now is time to pay attention to what is going on in the lower timeframes as it will affect the Daily and push the weekly/bi-weekly out of bearish waters. Breaking the 36-37k is particularly important.
my primary btc countlet's consider for a moment that we're in a 1-2 1-2 formation down here.
that would put our first w3 target at 38~39k
second w3 target would be at 44~45k.
w5 target = 52k
ps. this is one of many scenarios that i am seeing right now, so take this as you will. i am not bearish, nor bullish anymore, merely neutral until we figure out what is going on.,
"the unpopular opinion"i posted this idea way back in march:
and i just wanted to touch base regarding this outlook, and how we would potentially get down to the said target.
this isn't my primary count, but it was the first one i had ever seen while we were at the highs.
take this as you will, and understand that there are so many possible scenarios, that the only possible way to figure out what happens next is to have immerse patience, and to allow for whatever moves to unfold - before confirming any single bias.
i am not bearish, i am not bullish - i am neutral as of today, and i will not post another outlook until we have some stronger conviction and direction in the markets.
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have a blessed monday, and may you attract infinite abundance into your world ⭐
This is your last chance BTC/USD Blue or Red Pill?!COINBASE:BTCUSD BINANCE:BTCPERP BINANCE:BTCUSDT
Looks like we're forming a huge descending triangle formation.
We've knocked on the lower support area around 5 times already. The more you knock on the door eventually it's going to...
I've been seeing a lot of people in the community and on social media expecting a 20k Bitcoin. Therefore I don't see it too far fetch the market makers bring it even lower.
This is your last chance. After this, there is no turning back.
You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe.
You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.
Good Luck on your trades!
Bitcoin (BTC) • Are we heading to 10k?Apparently there are some people out there already calling for 10k. 👀
In this video we take a look into Volumes and data coming from Futures.
Watch the full video for my general overview packed with useful information you can incorporate in your own analysis.
I talk through some heuristics that can be helpful to assign odds and further develop your own thinking around these things.
Remember that everything I discuss in the video is subject to random circumstances of the market. Likewise treat everything as hypothesis and probability.