p3nchan

#analysis 9 - Going to any liquid levels

p3nchan מעודכן   
BYBIT:BTCUSDT   BTCUSDT SPOT
The price dump few hours ago, and now it hangs there. According to the range strategy, the price is at the lower part of the blue range, so I think there's higher possibility to going down. The first level will be at around 19.5K, then it will go down to around 17.5K. But for now it's better to wait.

As for the futures data, the OI is still really high, at about 100K here. From the change of LS and OI, we can see that the big players are still holding their long positions. If the LS ratio stuck at around 1, or even <1, it's highly possible to pump.

It's Monday, so we'd better to see how it goes.
הערה:
The first time I paste Coinglass data here. It's not pretty good to view. I'll try to zoom out a little bit in future.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.