No idea what ondo is actually doing but majority is shorting rtn and market makers won't let this go without some green bananas candle.
Expecting sideway action between 105 and 100k till the 20th at least. Orange levels are the ones where shorts will panic cover. Enjoy. Idea only valid for today since levels will move from tomorrow on.
Backtest bitcoin and see how many times a breakout occured without a major retracement afterwards. ;-) We just approached take profit zones from longs as well as final panic zone of shorts. Sure, it can just rip up further but I'll give this short a try!
So, obviously the masses are short while institutions are long. We wanna know where they take profit. Psytropy gives us this beautiful report, combining it with middle of the month (loves to be reversal), let's short. I'll update the correct take profit levels later.
I believe we could have another run up before really breaking down. Take partials accordingly at the current highs if the idea turns to be valid.
As previously already stated, I decide my "bullishness" based on ETF inflows and they look damn good! Level isn't perfect, would prefer lower range however, looks to me like its milked so its worth a try to long 95k.
Well, I wouldn't say im proud of this idea in here but, after trying to long it at $390 and getting flushed out, I turned bearish, shorting it at $410 even I might become liquidity for some major short squeeze.
We do not have fundamnetal data yet which might support the idea a bottoming for Gold. So gonna short it.
Positive ETF Inflows turned me bullish rtn. Healthy fear & greed index. Let's see how this plays out.
I do not, so I short. ;) Tradingview wants some blabla in here to publish this idea so I'll just keep talking about the weather and astronomy while placing my order.
Rising volume while decling prices indicates me, that we might need another liquidity hunt before attacking the 100k. It's sunday and we want our doparmine kick. Let's short.
Gift me a sub if this idea works out ;) Yummy looking short ratio as well as this untouched level makes me feel pretty confident on this fella.
Strong level, I expect some pullback. My thought is that the PMI data wont be negative while we're still in Bidens period.
Gold is looking out for fresh liquidity. Nothing else to say.
Are you short already? Great! Let's pump it. PS: Bearish overall.
Negative ETF Inflows and positive ETF Outflows. We go after data right? I'm bearish until ETF data prooves otherwise. Which level will be the final one? I'm deciding on speed and time above 100k. For now target is 104-105.5. If we hover around several days at 100k without hitting any, I'm more into the 103 lvl.
Funding rate at its lows. I am expecting a short squeeze from the marked area. I'm bearish overall and will short around the marked levels (from 103k) based on the ETF inflows / outflows. Time / speed above 100k will tell which level will have the biggest chance of being the top.
This isn't a "overreaction" yet. Longs didnt sweat enough. Front run the double bottom, expecting a further pullback.