The options market has been a very accurate indicator for gold prices. The 25 delta skew shows that big options market makers are positioning for volatility in the coming days/week. The volatility is likely to the upside given the Dec 24 futures are trading far above the current market. Call/put ratio is above 1.2 indicating that both dealers and market makers...
Natural gas has been shorted by several hedge funds including Citadel and AQR. It still has approximately 7-10% down price action to go from here. It is NOT safe to long, because natural gas has associated geopolitical risk. Fundamental reasons > technical analysis for this commodity. Unfortunately, it means natural gas can also go BELOW $1.50 (highly possible)...
USDJPY seems to be everyone's hated pair. Short traders keep piling on. Open interest remains high. This means there is a lot of liquidity above 150, perhaps even above 151.
There is a lot of liquidity above $2400. Target $2415.
Open interest has gone up far too high on ETHUSDT. It will go down 4-5% in the short-medium term to take out over-leveraged traders.
Weekly POC is $2.18. Another 12-13% downside is coming. Don't get liquidated!
Lack of capitulation volume currently suggests that retail traders are still hanging onto their losing long positions. Once capitulation volume spikes on the Insilico Improved Volume Bars indicator, it will be time to long again.
There is maximum liquidity between $108 to $110 level according to the order book depth analysis. Momentum is also favoring upside relief before any further correction down.
With most airdropped tokens that get listed on FTX, they will often go down 85% - 90% before any upside. Liquidity model demonstrates that APE will hit $5 range before any significant upside reversal.
One has to look at the big picture. We are in a diagonal parallel channel from the start of 2020 bull market. 45k was hard resistance on this channel. If you are longing here, you are technically longing into resistance. OI-weighted funding rate is high. Retail traders are blindly longing here. You do what's best for you.
EXRD - ruined by it tokenomics and non-stop VC selling, this project is heading to $0.15. What would have been otherwise a good project is totally scamming its investors through its scam-like token economics.
It's time to go short on YFI as too many traders are thinking it will go up. Because YFI is heavily traded on futures, market makers will crash the price to 25k, to hunt the liquidity under the swing lows. Short term target is 25k.
EURUSD is overbought on all timeframes - M30, H1, H4, H12 and D1. FSVZO (advanced oscillator with predictive mechanism) leading indicator signals incoming reversal to downside. Weekly demand lies at 1.118.
Funding rate for BTC is flat/negative, which means BTC will reverse to upside soon and violently. Likely areas for a bounce is between 63k to 62.2k. Good luck!
Oil is strong ahead of a colder than usual winter in the northern hemisphere among other reasons. Retail traders are shorting oil - usually will send oil prices higher to hunt for liquidity.
Successful retest of daily order block - likely reversal to UPSIDE. According to the latest CFTC COT data hedge funds are the most bullish on NZD (even more so than the AUD) - hedge funds have greatly increased long exposure to NZD.
Hedge funds have increased their net long positions on AUDUSD. AUD is also looking stronger than other risk-on currencies like EUR and GBP. AUDUSD will most likely retest the H12 order block. Insilico Research indicators FSVZO and Fisher transform also indicate a reversal to the upside is imminent. These are premium indicators (you can Google Insilico Research...
Similar to GBPUSD, according to the latest COT report by CFTC on 2nd November 2021, hedge funds have added LONG positions to EURUSD. Descending wedge will likely break upwards to at least the 0.65~0.618 Fibonacci ratios. The Fisher transform and FSVZO momentum oscillators also indicate a shift in momentum to the upside. Do not listen to scammers on Youtube...