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Bitcoin (BTC) • Shenanigans Update
As discussed in previous video due to short pressure coming from Binance we end up breaking the 23.1 control point and now developing all this weird annoying and utterly boring price action while funding rates and swap to spot basis are trying to get rest back under or at least at the basis .
As usual in this video I walk through what is looking good what is not and what are price structural levels I am currently looking at that may provide to you some useful heuristics.
Something I forgot to talk about in the video is that Liquidity ratios in the orderbooks are also showing stronger bullish signs right now specially from Binance but would like it to get even better.
Overall, things are starting to look good for this return to the daily/weekly trend. Just don't be surprised if we see a bit more crabbing around here before retaking back the 23.1 control point.
🦀 🦀 🦀 🦀 🦀 🏖️☀️ 🦀 🦀 🦀
If you enjoy my analysis please don't forget this hit the boost!
As usual in this video I walk through what is looking good what is not and what are price structural levels I am currently looking at that may provide to you some useful heuristics.
Something I forgot to talk about in the video is that Liquidity ratios in the orderbooks are also showing stronger bullish signs right now specially from Binance but would like it to get even better.
Overall, things are starting to look good for this return to the daily/weekly trend. Just don't be surprised if we see a bit more crabbing around here before retaking back the 23.1 control point.
🦀 🦀 🦀 🦀 🦀 🏖️☀️ 🦀 🦀 🦀
If you enjoy my analysis please don't forget this hit the boost!
D7R
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