Bitcoin Update 25 OCTHello! 😎
Returning to post videos but without the more advanced coverage of data points.
Hopefully will make them shorter over time up to a max of 7min. (I failed to do it in this video)
Alright I will cover the chart tends, momentum and price structure and make broader comments on what i see in the books or funding rates.
Talk about potential retraces zones and possible upcoming higher targets as the trend and momentum develops.
Best 🫡
D7r
VIDEO: Bitcoin UpdateAs weekly and monthly uptrends still intact as such investment strategy bias remain long on any bounces. However, we need to be aware that there are down pressure building up for awhile, including some volume weakness at tops, positive funding rates on perpetual swaps and general feel of the commitment of traders repot
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▲ XAG • Silver Silver finally showing aggressive momentum. This breakout is putting it on a possible journey to $29 and possibly ATH.
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DELTA7 ™ Trend Score
▲ D aily • aggressive price advance. think momentum will keep pushing price forward due to correlation with past gold price action
▲ W eekly • just broke resistance at $21
▲ M onthly • heading towards $29 range
▲ LTC • Litecoin • LTCBTCLitcoin (LTC) seems to be offering great RR long entry against bitcoin.
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DELTA7 ™ Trend Score
▲ D aily • daily uptrend seems to be just starting
▲ W eekly • weekly uptrend is just starting. there is RSI divergence
▼ M onthly • still in downtrend after second wave increasing odds on W and D to reverse
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▲ VIDEO: BTC • Bitcoin • Chart, COT, Futures, OptionsCheck video for my latest thoughts
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▲ DELTA7™ Trend Score
▲ D aily • possible full retrace to get those stops and degen over-leveraged traders. retrace possible back to 9.1 (possible invalidation closing bellow 9.0)
▲ W weekly • weekly seem to regain direction targets around 9.5-10k next
▲ M onthly • uptrend perhaps heading towards 13k
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More Bitcoin accumulation? (▼●▲)🔥 DELTA7 Trend Score: ▼●▲
💡 Quick Analysis:
D aily: ▼ - Pull back after hitting resistance with some weakness. Market is fearful.
W eekly: ● - After extended rally with no pullbacks we hit 10k resistance. About time to bring some consolidation range.
M onthly: ▲ - Monthly candle structurally bullish but strong corrective pullback is still likely to shake bulls out.
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Word of appreciation to all people following finding bits of my content useful in shaping their own thinking. I appreciate the words. 🙏
Improving your thought process is 10x more useful than just following signals or trade-setups. That is generally my main goal, impact the mind.
Be aware, following trade setups that become extremely popular are more likely get smart-money and whales working against you.
Keep this in mind that nothing is ever static in the market. Likewise, pattern setups or other type of set-in-stone setup will cause you drawdowns and getting stopped more often than not.
The key is adapt with the flow and be opportunistic as the market evolve and pay attention to higher timeframes, always.
The hindsight clout game on successful trades is irrelevant. All that matters is your own PnL. How you manage risk, money and your emotions.
If you are just following other's setups its is just a question of time until you lose all your money over time. Yes, its going to happen.
In these videos seek to capture strategic thinking not tactical setups or counter trade popular ideas just for the shake of counter trading.
"The most contrarian thing of all is not to oppose the crowd but to think for yourself." - Peter Thiel
Everything is supply, demand, fear and greed. That is it!
Supply and demand is what dictate scarcity and the different push/pull forces in the market and smart money, market makers and other liquidity providers will use "Fear and Greed" as a tool/framework to drive emotional reaction from retail and other players prone to these traps.
Best! 👊✌️
D7R