Following my previous video regarding funding rates and perpetual swaps vs spot we are back at it again. Bitcoin is once again suggesting that swaps are way too aggressively long at the top pushing funding rates into high premiums rates in some exchanges. I do not think that shorting bitcoin against weekly and monthly uptrends trends is good idea but there is...
Check video for my latest thoughts on the Bitcoin ongoing uptrend. Video ended up being longer than expected once again (trying to target the 7min duration)
As 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 .
Daily now on a downtrend but Weekly still not looking bearish. Dropping few trendlines and S/R levels for basis. BTW let me know if videos are too long. I feel i probably could talk less and make these vids shorter. Let me know your feedback. Maybe I'm missing something or you have a good suggestion for me. Re my chart. Do you agree? disagree? let me know...
Watch video for latest thoughts on Bitcoin chart, Fear and Greed, Commitment of Traders, Futures and Options.
Check video for my latest thoughts ———————————————— ▲ 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...
Similarly to Bitcoin. Decided to take a short on Ethereum based on weekly trend. To be honest I'm slithly less confident about this trade. Chances of getting stopped is somewhat high due to trading range conditions but I am ok with the risk. I find strange we didn't see any strong volumes at the top of the trend. Monthly trend looking up.
Discussing the criteria for this Bitcoin short trade based on Weekly chart.
🔥 DELTA7 Trend Score: ●▲▲ 💡 Quick Analysis: D aily: ● - Daily keep boucing between up/down. It's not the dominant timeframe. Reflecting consolidation just under resistance with several supply tests by the market markers while taking advantage of funding W eekly: ▲ - slow trend with loss of momentum M onthly: ▲ - Monthly structurally bullish possible...
🔥 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...
Some thoughts on Bitcoin. Monthly, Weelky and Daily levels coming to confluence at 8.5k
In this video I talk about Ethereum vs usd and btc pairs on higher timeframes. ETH/BTC in particular is looking incredibly bullish. That means that one probably should consider to allocate more position size into ETH than the usual.
Hello World! This is my first TV video and I talk about Bitcoin Monthly chart. Cover significance of Monthly Opens levels and how UP candles closing above last down candle open have great odds of signaling return to a bull rally. After the video realize I didn't place notations in all candles as I wanted. But hey... check chart bellow.