World Trading Journal | WSSIGNALS πŸ›ŽοΈ
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πŸ“ŒPosts Aren’t Financial Advice! Posts are my opinion.

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A little observation over the last 12 days.

We are in the range of two POC $31500 & $28500

The most interesting thing is that the open interest is practically unchanged.

πŸͺ¨Long positions decreased by 7100β‚Ώ ($212m)

🀑Short positions increased by 8,500β‚Ώ ($254m)

🀑🀑 endless inflow of bitcoins to the exchange

Why are people shorting the dip ?
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It also seems to me that we haven't bottomed out yet. I'm just comparing with the previous cycle. When the price was below $30k there were large accumulations of long positions. Now, when the price has been below $30k for almost 2 weeks, only short positions accumulate.
People are not buying bitcoin
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I said we didn't hit bottom a few days ago. Put away your memories of a bull market. No hope, just follow the market.
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SHORT #DYDX

ENTER 1.96 - 2.01

TARGETS 1.87 - 1.76 - 1.61 - 1.41 - 1.2

STOP LOSS 2.18
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SHORT #BTC

ENTER 30000 - 29600

TARGETS 28700 - 27600 - 26900 - 25600 - 24500

STOP LOSS 31600
The Binance Futures service has already shut down twice in May.

The previous shutdown led to a 30% drop in a few days

Looks like market will test $24k at least
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LONG #BTC

ENTER 30300 - 29900

TARGETS 30800 - 31500 - 32100 - 32900

STOP LOSS 29251
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LONG #JASMY

ENTER 0.0122 - 0.0127

TARGETS 0.0131 - 0.0141 - 0.0152 - 0.0182

STOP LOSS 0.0114