Bitcoin (BTC) • Is this good time to be bearish?
Volume signatures are looking pretty interesting at the moment and intraday show consistent trading like algos are farming all the bitcoin 😂
In this video I talk about the volume produced in January and how current volume are looking similar to write-off those at same levels.
It really does feel we found support levels. There is good chance we will see strong markup but be aware that stop hunt toward 33k still in line.
Funding rates relatively flat learning negative (short pay longs).
If price retest the 48k and get rejected hard there is a possibility to test the 30k once more.
If market get overly optimistic chances are that the smart money will push prices down further towards the 25-28k range to get everyone insane. But I'm less convinced of that as of now.
In this video I talk about the volume produced in January and how current volume are looking similar to write-off those at same levels.
It really does feel we found support levels. There is good chance we will see strong markup but be aware that stop hunt toward 33k still in line.
Funding rates relatively flat learning negative (short pay longs).
If price retest the 48k and get rejected hard there is a possibility to test the 30k once more.
If market get overly optimistic chances are that the smart money will push prices down further towards the 25-28k range to get everyone insane. But I'm less convinced of that as of now.
Komen:
Here's a chart on the 3D displaying the only 3 times I got an alert about volume.
D7R
