DaanCrypto Updates 🔔
BTC - Besides the gap at ~$117K, there's also a relatively low probability that the weekly low at $119K holds. As you can see, 91.4% of weeks in the past 4 years have seen a larger wick towards the downside. So those two together makes me more cautious…
Weekly low taken out already ✅
CME Gap about 1K lower. Will see how we react around that 116-117k area and potentially look for longs on strong alts like ENA, ETH etc
CME Gap about 1K lower. Will see how we react around that 116-117k area and potentially look for longs on strong alts like ENA, ETH etc
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Big flush. Seeing a lot of traders rush back into longs straight away. Generally these flushes take some time to resolve and with the US Market to open soon it might cause some more volatility.
Personally haven’t been in any active perpetual position for about a week and will patiently wait until prices stabilize a bit and look for longs on strong alts.
No need to knife catch. Most coins moved up violently for 1-2 weeks so if we consolidate for some days that would be fine and make for a healthy correction.
These flushes need to happen along the way to keep the longer trends going.
Personally haven’t been in any active perpetual position for about a week and will patiently wait until prices stabilize a bit and look for longs on strong alts.
No need to knife catch. Most coins moved up violently for 1-2 weeks so if we consolidate for some days that would be fine and make for a healthy correction.
These flushes need to happen along the way to keep the longer trends going.
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