Lucaa
Tomorrow's Weekly Market Wrap-Up will be an absolute banger.
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Lucaa
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Time to wake up from my coma on CT.
Over the last couple of days, the price of $BTC has done absolutely nothing, so no important updates were needed.
Until now.
We've just formed the same setup that lead to the short squeeze to $123,000.
The price going down, open-interest going up, while funding rates are nearing negative territories, signaling that there are more shorts than longs.
Correlating this with my overall thesis around range highs getting protected and the desire of market makers to leave as many people behind, so that they can use retail later to distribute in the coming weeks and
Over the last couple of days, the price of $BTC has done absolutely nothing, so no important updates were needed.
Until now.
We've just formed the same setup that lead to the short squeeze to $123,000.
The price going down, open-interest going up, while funding rates are nearing negative territories, signaling that there are more shorts than longs.
Correlating this with my overall thesis around range highs getting protected and the desire of market makers to leave as many people behind, so that they can use retail later to distribute in the coming weeks and
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$BTC - A very interesting finding I've made.
Over the last couple of days, we've seen a crucial setup. Each time there has been a considerable drop, the OI started spiking, signaling that late-shorts were piling in and betting on a breakdown.
This is confirmed by the fact that after the price bottomed, the open-interest went down, showing all those late-longs getting flushed.
But it's not just about that: This signals the current market sentiment.
Bears are starting to get complacent, exactly as I've explained in my latest YouTube video: "Range-Highs are getting protected".
This is what will l
Over the last couple of days, we've seen a crucial setup. Each time there has been a considerable drop, the OI started spiking, signaling that late-shorts were piling in and betting on a breakdown.
This is confirmed by the fact that after the price bottomed, the open-interest went down, showing all those late-longs getting flushed.
But it's not just about that: This signals the current market sentiment.
Bears are starting to get complacent, exactly as I've explained in my latest YouTube video: "Range-Highs are getting protected".
This is what will l
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Crypto’s pulling back, but we were ready for this.
Just a few days ago, I shared a full breakdown of my portfolio strategy with my community, where I explained why I was trimming risk.
Now, I’m simply following through, rotating some of the $BTC profits into alts, as planned.
Just a few days ago, I shared a full breakdown of my portfolio strategy with my community, where I explained why I was trimming risk.
Now, I’m simply following through, rotating some of the $BTC profits into alts, as planned.
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Milutin
:
Bull Run 🐂:A reminder that rate-holds are bullish for the markets.
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Milutin:
HODL Tight 💪:I did it my way.
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Milutin:
Ape In 🚀:The cycle top volatility trap is setting up for $BTC.
As we get closer, the swings are going to get bigger and bigger. Low-timeframe moves will flush out traders even when they're spot-on about the bigger picture.
Perfect analysis, wrong timing, liquidated anyway.
This is why I'm against leverage right now and most of the times.
These swings are specifically designed to flush leveraged positions before the real move happens.
Holding beats trading in this environment.
Sometimes the best strategy is the simplest one.
As we get closer, the swings are going to get bigger and bigger. Low-timeframe moves will flush out traders even when they're spot-on about the bigger picture.
Perfect analysis, wrong timing, liquidated anyway.
This is why I'm against leverage right now and most of the times.
These swings are specifically designed to flush leveraged positions before the real move happens.
Holding beats trading in this environment.
Sometimes the best strategy is the simplest one.
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Won't sell my soul.
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$BTC - Market makers are protecting the range highs to lure in bears, trap late longs, and build up liquidity for the next leg up, just like they did before the short squeeze to $123,000.
This compression phase is meant to create complacency for bears before a bigger move.
This is also reflected on the Velo Data, with Funding Rates going lower and the Premium metric returning to negative territories, signaling that the late-longs got flushed.
Also worth noting: Notice that the Open-Interest spiked when $BTC did that fake breakdown and now it's going down? Those are shorts starting to get SQU
This compression phase is meant to create complacency for bears before a bigger move.
This is also reflected on the Velo Data, with Funding Rates going lower and the Premium metric returning to negative territories, signaling that the late-longs got flushed.
Also worth noting: Notice that the Open-Interest spiked when $BTC did that fake breakdown and now it's going down? Those are shorts starting to get SQU
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