BTC on CME (
BTC1 ticker).
Super nice structure.
1) Price dip and grind below 50m reset the open-interest and attracted a large amount of new short positions. A trap was set.
2) Breaching higher from here confirms past 2 days was a spring: Measured move is to 1.618 fib of $34k and it will get there quick if the move plays out.
3) CME is trading higher than spot: institutional buyers are willing to pay a premium for immediate exposure indicating that smart-money feels a move is imminent.
4) Dollar Index looks terrible and is dropping: giving BTC room to spread it's wings.
Happy hunting!
BTC1 ticker). Super nice structure.
1) Price dip and grind below 50m reset the open-interest and attracted a large amount of new short positions. A trap was set.
2) Breaching higher from here confirms past 2 days was a spring: Measured move is to 1.618 fib of $34k and it will get there quick if the move plays out.
3) CME is trading higher than spot: institutional buyers are willing to pay a premium for immediate exposure indicating that smart-money feels a move is imminent.
4) Dollar Index looks terrible and is dropping: giving BTC room to spread it's wings.
Happy hunting!
Nota
correction on point 1: grind below 200ma not 50ma attracted the bears. Currently doing exact same thing to fill the rest of the bears desires grinding under the 50ma, before mass liquidations can begin.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.