Some important resitances range from 10 to 11.6 range that will flip support once broken. Overal monthly trend is clearly showing strong signs of bullishness. I think we are in bull marker (happy to flip view once i get Monthly and Weekly trends invalidating it) but as of now. DCA hodler will be happy to know their weekly/monhtly position building will compound...
Consolidation range still lookin good to me even if we see another down candle right into 8.5 levels. Plenty of demand waiting of any drop opportunity. 7.1 less probable but still probable and it's great RR entry range. That Monthly and Quartly charts are looking great. Overall I am still a bull unless serious weekly and monthly candle structures are broken....
Ethereum Bullish Consolidation and possible bullish retrace. We look into monthly structural levels and trendlines for simple trend basis.
Deploying some thoughts on Perpetual Swaps - Spot basis. Stay tunned for next video on trendlines and price levels
In this video I go through the process on how to build simple oscilator with Bitmex/Deribit (Perp Swaps) vs Coinbase(Spot) Basis. This data may give leading clue to what Market Makers and other big players may be doing on a macro level by taking advantage of funding.
🔥 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: M onthly ▲ - Monthly still showing on-going momentum. Pullback likely to be a reaccumulation 3 M onthly: ▲ - Solid widespread trending candle. Next 6months there a good chance retrace for stop hunt on the open of that level. 6 M onthly: ▲ - Price currently above yearly/semeter open which is a resistance range....
🔥 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 into price charts, volumes, futures and options data, fear & greed index and commitment of traders.
I'm biased towards Monthly candle's Open. April just closed above March on strong volume. Odds favor 80% bull market from here. MEWN time Sirs. We gonna make it!
Bitcoin bereaking trednlines and above 8.5k (March Open + 50% level of last 14 Months) odds favor strongly test of 20k.
Bitcoin close to bounce near the 6.4 range. Likely target 8.5 range. Coinbase and Finex orderbooks are incredible strong on the bid side.
Some thoughts on Bitcoin. Monthly, Weelky and Daily levels coming to confluence at 8.5k
If corn doesn't bounce at these levels. We are likely to re-test around 6k range.