Bitcoin (BTC) • Good chance we are in a bulltrap. Here's why
Let me preface that my views can change at any point IF I see evidence for such.
In the video I walk trough the points that are making me feel that the probabilities are high for a possible bulltrap and we are at distribution levels.
That are plenty of signs we are hitting distribution range YET this can be delayed longer than we expect has market makers keep manipulating the liquidity (I can see this activity in heatmaps of orderbooks that I didn't show in the video)
Prices are being propped up with relatively low effort that is why price been marking up while on low volume. I think this is a way to get bulls DCA strong into the move not knowing that a possible "rug pull" will soon executed.
Open interests on most altcoin's perpetual swaps derivatives are incredibly high with an unusual crazy 3x jump in just last weeks.
This is a sign of a market that is getting over it's head and sanity will soon need to be re-instated with massive liquidations.
Check FULL video since is walk through several different points.
In the video I walk trough the points that are making me feel that the probabilities are high for a possible bulltrap and we are at distribution levels.
That are plenty of signs we are hitting distribution range YET this can be delayed longer than we expect has market makers keep manipulating the liquidity (I can see this activity in heatmaps of orderbooks that I didn't show in the video)
Prices are being propped up with relatively low effort that is why price been marking up while on low volume. I think this is a way to get bulls DCA strong into the move not knowing that a possible "rug pull" will soon executed.
Open interests on most altcoin's perpetual swaps derivatives are incredibly high with an unusual crazy 3x jump in just last weeks.
This is a sign of a market that is getting over it's head and sanity will soon need to be re-instated with massive liquidations.
Check FULL video since is walk through several different points.
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OK - changed my mind. We really need to see how we are going to handle the 58/60k range. Being short atm is bad decision as daily and weekly trend are looking good.
Will make new video.
Will make new video.
D7R