btc longterm analysis
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Hello folks!
Today will see the expiry of 49,400 BTC worth of outstanding derivative contracts. This is equivalent to $328 million in Bitcoin open interest.
Surely a return to volatility yeah!
Let's see tuesday where the market close but I have already an idea...
Fans are typically drawn from changes in trend or reversal points such as tops or bottoms and are a good way to measure a market's trend or strength. During an uptrend, if price stays in the space above an ascending angle without breaking below it, the market is considered bullish . During a downtrend, if price remains below a descending angle without breaking above it, the market is considered bearish .
It's a powerful indicator and it becomes even more powerful if you combine it with another powerful indicator like Ichimoku
I have done a lot of good shorts from the beginning of the month.
Let's take a look at the weekly chart with ichimoku >>>>
Today will see the expiry of 49,400 BTC worth of outstanding derivative contracts. This is equivalent to $328 million in Bitcoin open interest.
Surely a return to volatility yeah!
Let's see tuesday where the market close but I have already an idea...
Fans are typically drawn from changes in trend or reversal points such as tops or bottoms and are a good way to measure a market's trend or strength. During an uptrend, if price stays in the space above an ascending angle without breaking below it, the market is considered bullish . During a downtrend, if price remains below a descending angle without breaking above it, the market is considered bearish .
It's a powerful indicator and it becomes even more powerful if you combine it with another powerful indicator like Ichimoku
I have done a lot of good shorts from the beginning of the month.
Let's take a look at the weekly chart with ichimoku >>>>
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