I have been incorrect in calling the past bitcoin move, as it did not drop to 6200, but instead barted up, as I was mislead by the funding. Despite that, I still believe Bitcoin will likely drop below 6000, either for a terminal shakeout, or for an actual drop below support.
However, my BCH long has been doing quite well (although it looks like rally may end soon).
Currently there is action on Finex again. I have posted the large buys/sells on the chart.
I am short Ethereum since 200.35, since I will likely be correct, and will be paid funding for doing so.
This is the pattern of Bitcoin. It may break up or down, but I believe breaking down is more likely due to the prolonged period of positive funding.
Thanks for viewing! For now it seems like we might continue lower until liquidations are hit, before holding or moving up.
However, my BCH long has been doing quite well (although it looks like rally may end soon).
Currently there is action on Finex again. I have posted the large buys/sells on the chart.
I am short Ethereum since 200.35, since I will likely be correct, and will be paid funding for doing so.
This is the pattern of Bitcoin. It may break up or down, but I believe breaking down is more likely due to the prolonged period of positive funding.
Thanks for viewing! For now it seems like we might continue lower until liquidations are hit, before holding or moving up.
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The exception is the last 6200, but I expect funding to spike once again within the next week.
Have a look at this chart. Each time we get a period of extremely positive/negative funding we usually move the other direction.