#Bitcoin Price Update
1) OI decreasing and market buys increasing. Early shorters stopped out. Could be a move Powered by leverage but some On-chain analysts saying it's Spot Focussed.
2) Small OI increase means more shorters stopped, market buys unable to push price past weekly POC, instead of huge recent Pump.
3) Daily Level + Daily Open + Fibonacci level Confluce. Ideal pullback zone for continuation.
Price increase seems overextended if you're a scalper so we can expect a pullback for a Spot Long.
Keep your Euphoria in check at highs.
A continuation play would be going long around pullback zone and waiting to see what NY Zone does.
1) OI decreasing and market buys increasing. Early shorters stopped out. Could be a move Powered by leverage but some On-chain analysts saying it's Spot Focussed.
2) Small OI increase means more shorters stopped, market buys unable to push price past weekly POC, instead of huge recent Pump.
3) Daily Level + Daily Open + Fibonacci level Confluce. Ideal pullback zone for continuation.
Price increase seems overextended if you're a scalper so we can expect a pullback for a Spot Long.
Keep your Euphoria in check at highs.
A continuation play would be going long around pullback zone and waiting to see what NY Zone does.
#Bitcoin
Turning One Resistance into Support since 2009.
Turning One Resistance into Support since 2009.
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