Bitcoin (BTC) • correction zones of interest
As price get rejected out of 30.2 (week3 open) it also fails to sustain above 28.4 (april open ) we are in a bearish daily structure.
In this video we got through some technical zones and general trend basis. A look into the books and how it is in confluence with 50% levels.
I talk about growing funding rates as price mark down but without going through details of Futures meta data.
Also had no time (i had but managed timing poorly.... once again) to also cover perp swaps basis and futures premiums but they are showing ongoing short pressure against the major 25k support range.
It is important to be aware of technical zones and possible invalidation criteria are very important but ultimately we should no forget that the trend basis is our friend.
Trend&Momentum: 4H 🔴 🔴 • D ⚪ 🔴 • W ⚪ ️🟢 ️• M 🔴 🔴
In this video we got through some technical zones and general trend basis. A look into the books and how it is in confluence with 50% levels.
I talk about growing funding rates as price mark down but without going through details of Futures meta data.
Also had no time (i had but managed timing poorly.... once again) to also cover perp swaps basis and futures premiums but they are showing ongoing short pressure against the major 25k support range.
It is important to be aware of technical zones and possible invalidation criteria are very important but ultimately we should no forget that the trend basis is our friend.
Trend&Momentum: 4H 🔴 🔴 • D ⚪ 🔴 • W ⚪ ️🟢 ️• M 🔴 🔴
D7R
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