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Guys, I want to share some thoughts on the bitcoin futures chart!
This week we have released a lot of reports from the Fed and we have seen quite a strong volatility in the market.
We tested the important range of 18.500-18.200$, collected all the liquidity from below, and then saw the removal to the side of 20.000$, collected all the liquidity and rolled up 19.500-19.850$
Now we are again in the range of $19,000, a fairly strong level at which we stood all week, where the market maker will distribute it is still not entirely clear...
If you think from the local side, then it is most logical to go above $20.500 ($20.800-21.200) because it is from there that most market players hold their short positions, and you need to harvest and then go down below $18.000
I also don’t deny that we can go back to $18.200, plant again the majority in short and see a strong takeaway in the direction of $20.500, this has already happened several times, will history repeat itself again?
Guys, I want to share some thoughts on the bitcoin futures chart!
This week we have released a lot of reports from the Fed and we have seen quite a strong volatility in the market.
We tested the important range of 18.500-18.200$, collected all the liquidity from below, and then saw the removal to the side of 20.000$, collected all the liquidity and rolled up 19.500-19.850$
Now we are again in the range of $19,000, a fairly strong level at which we stood all week, where the market maker will distribute it is still not entirely clear...
If you think from the local side, then it is most logical to go above $20.500 ($20.800-21.200) because it is from there that most market players hold their short positions, and you need to harvest and then go down below $18.000
I also don’t deny that we can go back to $18.200, plant again the majority in short and see a strong takeaway in the direction of $20.500, this has already happened several times, will history repeat itself again?
