Bitcoin (BTC) • Volatility ahead with bull back in control?
Updated
We finally break from the range lows as we approach the much anticipated Ethereum Fork.
I think the next two weeks we are likely to see upside and increased volatility.
I forgot to mention in the video that Quarterly Options settle this month with higher Open Interest allocation.
The MAX-PAIN level moved from 25 to 24k. Effectively this is where most options expire worthless causing the most pain to traders if price sit around this level at the expiration date.
As usual beside the talk about technical levels I am paying attention to also walk through some orderbook views and futures data.
Check the full video for more details and nuanced interpretations.
Let me know if I should make shorter videos and less detail or keep it this way.
Best!
I think the next two weeks we are likely to see upside and increased volatility.
I forgot to mention in the video that Quarterly Options settle this month with higher Open Interest allocation.
The MAX-PAIN level moved from 25 to 24k. Effectively this is where most options expire worthless causing the most pain to traders if price sit around this level at the expiration date.
As usual beside the talk about technical levels I am paying attention to also walk through some orderbook views and futures data.
Check the full video for more details and nuanced interpretations.
Let me know if I should make shorter videos and less detail or keep it this way.
Best!
Note
Don't be fooled by this quick retrace.
As i described int he video there was weakness in the book to pay attention to.
Now we watch this 20.7 OR the 19.9 range for the bounce.
Overall the LONG positioning is in my honest opinion the correct one for better RR.
D7R
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