#Bitcoin mid-term prediction
Trend is still re-setting from $14k pump.
I'm using recent price action > old price action - therefore $6xxx levels are mostly ignored. CME price inefficiency in these levels adds confluence to this view.
$5100s is the definitive bottom for me.
Ton of confluence packed into one level:
- Double monthly VWAP
- Price inefficiency fill
- 200 wMA
Price dumped through $7350s trapping a lot of longs (liquidity). Now if price "were" to go back to this level I would 100% look to short. HARD.
Open interest (Bitmex) is still not showing anything bullish. Keeping stable and increasing.
What this means:
> Few shorts taking profit
> New blind longs opening
Funding is about to spike negative for the first time in a while - bulls should get some rest here shortly.
Keep updated by following me here and on Twitter: MacnBTC
Trend is still re-setting from $14k pump.
I'm using recent price action > old price action - therefore $6xxx levels are mostly ignored. CME price inefficiency in these levels adds confluence to this view.
$5100s is the definitive bottom for me.
Ton of confluence packed into one level:
- Double monthly VWAP
- Price inefficiency fill
- 200 wMA
Price dumped through $7350s trapping a lot of longs (liquidity). Now if price "were" to go back to this level I would 100% look to short. HARD.
Open interest (Bitmex) is still not showing anything bullish. Keeping stable and increasing.
What this means:
> Few shorts taking profit
> New blind longs opening
Funding is about to spike negative for the first time in a while - bulls should get some rest here shortly.
Keep updated by following me here and on Twitter: MacnBTC
By MacNBTC ❄️🐺
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
By MacNBTC ❄️🐺
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。