#helpful Why don't we analyze futures charts and other dominations of Bitcoin or Altcoin?
Futures do not adequately show clusters, there are slippages. A large volume of futures is traded, but these are MARGIN transactions. There is not a lot of real money. Real money is traded on the exchange only on the spot. Small players perceive margin as a speculative instrument, while for large players it is mainly hedging of their open spot positions. Therefore, everything will be confused, not objectively.
Futures do not adequately show clusters, there are slippages. A large volume of futures is traded, but these are MARGIN transactions. There is not a lot of real money. Real money is traded on the exchange only on the spot. Small players perceive margin as a speculative instrument, while for large players it is mainly hedging of their open spot positions. Therefore, everything will be confused, not objectively.
#BTCUSDT 4H cluster.
1) market sales go to buyers' LIMITS, and even at the level above $ 50,000. The manifestation of a strong buyer is obvious.
2) All major sales were absorbed by limit buyers. This is called ACCUMULATION, in most cases, the exit from the accumulation upwards and then the continuation of the movement along the trend, which means growth. The seller is not yet visible, he completed his task from $ 69,000.
1) market sales go to buyers' LIMITS, and even at the level above $ 50,000. The manifestation of a strong buyer is obvious.
2) All major sales were absorbed by limit buyers. This is called ACCUMULATION, in most cases, the exit from the accumulation upwards and then the continuation of the movement along the trend, which means growth. The seller is not yet visible, he completed his task from $ 69,000.
#BTCUSDT 4H cluster.
The buyer is at the seller's key resistance level, a breakout and consolidation above which will mean the surrender of the local seller, who showed a result from the global ATH of $ 69,000, dropping the price to $ 44,000. The longer it takes to trade near the level without the seller's reaction, the higher the buyer's chance. Remember the mother of all expirations on December 31
The buyer is at the seller's key resistance level, a breakout and consolidation above which will mean the surrender of the local seller, who showed a result from the global ATH of $ 69,000, dropping the price to $ 44,000. The longer it takes to trade near the level without the seller's reaction, the higher the buyer's chance. Remember the mother of all expirations on December 31
#BTCUSDT 4h Until we consolidated above the seller's zone of $ 52,000 and bounced off the upper border of the trade, there remains a high probability of a repeat of the July events with a local dump.
#BTCUSDT 1W The buyer closed last week perfectly, but this is not enough for a confident victory over the seller. You need to get out of the local range above $ 53,800 and trade over $ 50,000 for a couple of weeks. Sell my bitcoin positions under $ 60,000 and for a new All time high. Entering the long only after the spring in the 42000 $ -39000 $ zone. Fear Index at 40. Investors are still careful. Globally, we have a growth trend
#BTCUSDT 4H at the level of $ 52,000, the seller's reaction is quite clear, he took the price below $ 49,000. It sold 1,700 more BTC by market than the buyer could handle. Although a buyer at 800 BTC in the $ 52 K zone bought more, he could not get through the sales zone. In fact, the seller is still strong, we slightly went out of the range (showed a weak Up-Thrust), as he immediately returned to the range again.
#BTCUSDT 4h cluster
returned to the middle of the range, everything remains according to the local plan. Expiration in 2 days for $ 48,000. We are also waiting for the spring of this trade zone and a possible reversal. The market is quite calm, no anomalies
returned to the middle of the range, everything remains according to the local plan. Expiration in 2 days for $ 48,000. We are also waiting for the spring of this trade zone and a possible reversal. The market is quite calm, no anomalies