Bitcoin (BTC) • Futures and Swaps reseting with the correction There are ongoing signs of weakness while we don't see price sustain above 58k.
Futures premiums were extremely high and now seeing a bit fo normalisation as price retraces.
The 50-52k range is a zone of interest and high probability support (with wick extension towards 49k)
Perpetual swaps are now starting to trade more consistency bellow spot pushing funding rates into zero or negative.
Check the full video for my thoughts on it.
BTCPERP
Bitcoin (BTC) • New ATH another retestBitcoin $BTC Futures premiums are looking extremely high for December contracts at 21%, but we are yet to see a divergence in momentum.
Swaps also trading excessively high with above 80$ diff between spot. Exception to OKEX who seem to rushing short which is naturally a contrarian (ie. more upside)
March need to close around 67k in order to keep in pace with the Monthly trendlines based on price close.
57 and 53k are currently best support/bidding zones.
Once we done with this possible retest back to the range, chances are that PA will become pretty insane over the next weeks powered by NGU™ Technology.
BTC price correction before ATHUsing a 4 hr candlestick, it seems that this push isn't enough to reach new ATH. The last price correction took almost 1 day and 12 hours to reach the moving average. This time we can expect the price to fall to 50.6k within 2 days, accumulating before pushing for a new ATH.
Technical :
MACD and RSI indicate overbought.
BTC (Y21.P1.E21).Short term price action explainedHi Traders,
Looking at this current level, I believe it will hold and hence I'm publishing this.
However you can see a bearish divergence will hold it back once it hits its target.
Just quickly, if you play this foreword, you will see where price held and why its bullish.
For now, the 1 hour chart is holding the trend and is a good way to gage entry.
It will likely hit the short term target and that will hopefully have a daily candle close above the 49k mark, showing another day where price closes above this level.
> 20 daily Ema > we need a daily to open and close above it others it acts like a resistance level.
Ideally we want to see a daily open and close candle above this, but necessary.
When to be concerned, stay bullish until >
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When to be concerned, If the monthly candle closes below 39k
Weekly chart, if it weekly candle closes below 49k
Al the best,
S.SAri
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A quick update on BTC's next moves.At the moment I see two scenarios, one in red that shows the continuity of the downward movement until the support of 39K and the other with a milder fall to the level of 44K opening a path for a test at the historic top.
The Price Control Point is at 47k, at the time of writing the price is below it.
Despite not appearing on the chart, the price is also below the Ichimoku Cloud and its averages, which indicates that at the moment we have a lot of resistance to the high return, so the downward trend may continue for a while longer.
Weis Waves also forms a bearish wave, although small, which reinforces the theory of continuity of the bearish movement, which generates a divergence when compared with the WT_CROSS indicator which at the moment indicates bullish movement. However, it is worth mentioning that we have more evidence of low continuity than a high return.
I remember that this is my opinion and the decision of whether or not to enter into an operation is now up to each one, so this is not a financial advice.
Bitcoin (BTC) • A comment on the ongoing correctionSo finally we got a necessary deep shakeout. Let's take a look into possible bounce zones (and idea buy ranges for long term)
In the video i talk about trendlines (obviously) the 45k and the 50k ranges, the monthly/weekly demand trend and possibility (althou unlikely) of a deeper correction. We also look into perpetual swaps premiums vs spot price near the end.
Bitcoin Cash and Carry 2021For years I have been talking about using futures products to LOCK IN the fiat value of Bitcoin and give investors the added bonus of collecting a return based on the arbitrage. We are once again in a big bullish cycle which is driving up the futures premiums to all time highs creating OPPORTUNITY . In the FTX:BTC1231 for instance as of writing there is a 20% arbitrage. In this video I revisit this concept for 2021 and explain how it works.
See my written idea posts below for this has played out in bull cycles past.
Bitcoin (BTC) • Tesla pump setting us more upsideThanks to Tesla announcement of $1.5B worth of Bitcoin purchase into their corporate treasury we know many other companies will follow suit.
I was expecting correction back into the 36k support range but the news clearly canceled and market instantaneously front run by pushing price another 10% up.
We are now at another ATH in price discovery mode.
BTCUSDT - Up or Down? Finally, I got lucky and my bids get filled at $33,3k, holding this long for now. Plan to cut it a bit higher tho.
Bitcoin currently moving in a range between $33,3k and $39k inside an even greater range from $30k to $40k.
In fact, the price moves in a some soft of triangle and the amplitude of its fluctuations dies out - soon an expansion awaits. I don’t know which direction the movement will be, but I believe it will be powerful.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
BTCUSD Baby Head & Shoulders Pattern broke the Neckline Hey guys, we might have avoided the breakdown of the major Head & Shoulders of the last days, but now BTC formed a Baby Head & Shoulders on the 1H and broke the Neckline. Now textbook wise, this means we have two Takeprofit levels (= Neckline - Difference the Head to the lows of either left and right shoulder) and one Stop Loss (over the right shoulder).
Now keep in mind this happened on the 1H, but still, this is a very clean pattern. My guess is we will hit the red longterm trendline...but we shall not outguess the market.
No financial advice, just my personal opinion.
BTCUSD - New year, new support? Hey guys, BTC might have found new support on the 2H (yellow). We'll see if it holds, if not, the red line would be the next significant support which has acted as resistance and support since October 2020. My parabolic approach (blue) is pretty chewed up, so chances are we might consolidate in this area for now. And did anybody notice the Head and Shoulders pattern that almost formed to completion? Could have resulted in trend reversal ^^
No financial advice, just my opinion.