Btc Building bearish divergence in the range.. and when pumped, because of the USDT.D explained, its gonna build the longs for people who were sitting to short it.. that's gonna cause the sweet long squeeze, again, will update along the way if the OI have enough juice to have the long squeeze in the market.
For now, keep the scalps alive. Drop to 30-45m, use fibs, and kabaam, you got bunch of scalps on these.
BTC.D None changed on this chart, same thoughts. Also people who took yesterday's Fibonacci beyond lecture, see how confidently the volume profile's poc now sits in the GP. Yeah, its a confluence.
USDT.D Same kinda chart as DXY Same ranging in same trend, but the trick here is that this chart represents something diff than dxy. The chart itself shows bearishness, that I already discussed in the stream on 8th April. That bias is still the same, we potential will see a little down on this chart and then a sharp up. Now the reason why I expect this to go up, is not because I expected the talks to fail etc, the reason is a little diff.. and that's how the crypto market works.. you'll see this chart drop, that'll cause btc to rise resulting in new longs, late longs specially.. and they'll get squeezed out. That's the bias.
So, drop here in this chart short term before it shoots sharply. Will update whether the scenario explained above is playing out or not while the market starts to move on monday onwarda thru coinglass charts
So, the CVDs have now became parallel again. The purple box shows a recentl support on both, breaking which can cause drops.. but another thing is that the shorts are leaving the marekt, in the very reccent times, marked has seen aroound 36% of shorters leaving the market closing thie rtrades while price drops/consolidates, maybe TPing or breakeven.
The reason I came on this chart at this hour is to see whether or not some big one-side trade is breweing or not, it seems like there isnt much here either, a slight tilt towards the long side, but generally neutral #trading #crypto
Montythe_guy
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Acha jee look at this, the orange line on the CVDs, that's for the future CVD, if the orange future CVD went below the orange line, you will see a drop. we got a lot of shorts here, and OI is highest in 8 days, so I wont be surprized if price goes a sharp up before it drops. seems like the volatility is coming, but is going to be because of the news. SO, up first, then down
Acha jee look at this, the orange line on the CVDs, that's for the future CVD, if the orange future CVD went below the orange line, you will see a drop. we got a lot of shorts here, and OI is highest in 8 days, so I wont be surprized if price goes a sharp up before it drops. seems like the volatility is coming, but is going to be because of the news. SO, up first, then down
USDT.D So, for now.. the fractal is valid. The moment we see close above that 8.144 level for this 4h chart, the fractal dies, and the chart pushes for higher high, and btc for a lower low.
I booked 20% at 65800 of my short from 68350 tho, holding the rest with DCAs as told in the stream.
The next few days are very important in the conflict. ab scene ye hai k we are looking at the post-war conflict times, where things are cooling down, things are still bad, but cooling down, they will exchange b.s here and there, but this is actually planned from both sides as well. both parties went above and beyond in damaging each other, they cant just agree on a paper and move on with their lives, there have to be statements, like even if ceasefire happens, XYZ will never be ABC. meaning the statements showing their public that they are still mad.
smjh re ho?
So, during this time, post-conflict, these statements will cause charts to move, in weird directions, so dw.. let this phase pass.
DONT TAKE THESE AS A SIGNAL. So, I built something, that gave me these coins. I dont really know how they'll perform, but leaving these here for log, will come back to this after 24h.
if price drops pumps from here, with LS ratio dropping and OI dropping, thats the only way price can sustain pump, otherwise, whatever up comes, will lead to a lower low.