CryptoCache retweetledi
$BTC Unusual Buying Activity
Large positioned longs are piling in at 72k after liquidation at 73k was hit.
However, Open Interest is declining sharply...
If OI and spot volume continues lower, price will follow.
English
CryptoCache
15.1K posts
CryptoCache
@CacheTradingPRO
Seasoned Market Veteran | Crypto TA, Charts & Alpha l Bonus Content: https://t.co/CIraycbL3L Official Website: https://t.co/SVeAywXAjW
61k+ YouTube Subscribers Katılım Mayıs 2014
966 Takip Edilen135 Takipçiler
CryptoCache retweetledi
$BTC Open Interest & Funding Rates
I see this a lot, just before price peaks...
-Open interest divergence
-Negative Funding Rate (OI Weighted)
-Liquidation sweep
These 3 things combined increases the probability of pullback tonight.
Asian Markets will be out for🩸
English
CryptoCache retweetledi
$BTC (1M) Macro Liquidation Heatmap
This is beginning to look quite lopsided...
Closest: 73-74k
Further: 76-77k
Way far away: 63.5-64.5k
This could get out of had quickly for short sellers.
Stay frosty, traders.
English
CryptoCache retweetledi
$BTC Order Books
Large sell orders on Binance and Coinbase at 73k.
Large buy orders on Coinbase at 71.5k.
This buying pressure at 71.5k is consistent with a positive Coinbase BTC Premium index.
U.S. has been buying since Bitcoin broke above 70k.
English
CryptoCache retweetledi
$BTC Coinbase Premium Index
Since breaking 70k, CBPI is still in the green, suggesting US markets are buying.
To keep it simple, this reaffirms we're nearing a local top.
Read the following post, so you better understand the current trend. 👇
𝐂𝐫𝐲𝐩𝐭𝐨𝐂𝐚𝐜𝐡𝐞@CacheTrading
$BTC Coinbase Premium Index Trends Majority of the time CBPI turns green on the higher timeframes, it’s lined up with notable local tops. This pattern showed up in the prior 96-98k range just before the drop to 60k. Same thing with 73-75k locally, before the move down to 65k. Therefore, I am looking for a heavier short consideration if we see another run towards 74-76k + CBPI remaining green, it would likely highlight a strong short setup. If the above scenario plays out. It would tell us there is heavy U.S. spot buying after an extended rally, which is typically a sign of euphoria and a high probability of a pullback. Between now and then, it's generally safer to hold for shorter periods of time / using lower margin until we hit one extreme or the other.
English
CryptoCache retweetledi
$BTC Unusual Buying Activity
Large Buy Order (10 Million+) just triggered at 72k, squeezing shorts in the past 24hrs.
Open Interest still climbing & Order Books (asks) are stacking / heaviest at ~73k.
Think we see a big move soon.
English
CryptoCache retweetledi
$BTC Open Interest Injection
Bitcoin just saw a sharp increase in OI.
This indicates a significant amount of new money / positions are entering the market.
It's possible liquidation at 73.2k is next.
English
CryptoCache retweetledi
$BTC 1M Liquidation Map
Smack dab in the middle of 2 large chunks of liquidation.
Above: 73-73.5k
Below: 70-70.5k
Which do you think is next?
English
CryptoCache retweetledi
$BTC Order Book Pressure
There is still a sell wall in the 73-75k range.
However, pressure is starting to build below at 69-70k now.
This reinforces the likelihood Bitcoin will remain rangebound 69k & 73k.
English
CryptoCache retweetledi
$BTC 3D Liquidation Heatmap
Starting to build in both directions.
Still think we see 69-70k range first...
English
CryptoCache retweetledi
Fear in the headlines.
Discipline on the charts.
Stayed calm, followed the plan.
Serious traders move differently.
If that’s you…
Join my free Telegram group:
t.me/+zpvZ6G1KpX84N…
Don’t sit on the sidelines while others play to win.
English
CryptoCache retweetledi
CryptoCache retweetledi
$BTC Open Interest
Steady decline in open interest suggests we continue lower to the 69-70k range soon.
Possibly tonight...
Who's coming with me?
English
CryptoCache retweetledi
$BTC Bearish pattern leading into AKZ
Asia (Kill Zone) will likely take full advantage of this opportunity.
LTF divergence
Liquidation (late longs)
Open Interest dropping...
English
CryptoCache retweetledi
$BTC Coinbase Premium Index Trends
Majority of the time CBPI turns green on the higher timeframes, it’s lined up with notable local tops.
This pattern showed up in the prior 96-98k range just before the drop to 60k. Same thing with 73-75k locally, before the move down to 65k.
Therefore, I am looking for a heavier short consideration if we see another run towards 74-76k + CBPI remaining green, it would likely highlight a strong short setup.
If the above scenario plays out. It would tell us there is heavy U.S. spot buying after an extended rally, which is typically a sign of euphoria and a high probability of a pullback.
Between now and then, it's generally safer to hold for shorter periods of time / using lower margin until we hit one extreme or the other.
English
CryptoCache retweetledi
$BTC (1M) Liquidation Map
Heavy Liquidation in both directions
Above: 73-73.5k
Below (Close): 70.2-71.1k
Below (Further) 65-66.3k
Both above and below (close) are on the table right now.
Which do you feel will happen first?
English
CryptoCache retweetledi
$BTC Algo Trading 101
Bitcoin is clearly experiencing algorithmic trading right now.
Bots steadily buying giving the false representation of a breakout, when its actually the opposite.
Building liquidity, trapping longs.
Careful trusting this type of PA outside of KZ's.
English
CryptoCache retweetledi
$BTC Bollinger Bands
BB suggests we are tentatively topping out.
Unless we see a significant amount of volume flowing back into spot, we're primed for yet another pullback.
Same thing, different day.
English
CryptoCache retweetledi
$BTC Liquidation Long Delta
Pulling back to ~8b, down from 12b.
Bulls remain in control and profits are being taken / FVG's getting filled.
This is common behavior after a fundamental pump leading into a resistance range.
English
CryptoCache retweetledi
$BTC Order Book Pressure
Not much has changed since last night, same sell wall is present in the 73-75k range.
Expecting the price to range this week between 69k & 73k.
𝐂𝐫𝐲𝐩𝐭𝐨𝐂𝐚𝐜𝐡𝐞@CacheTrading
$BTC Order Book Pressure LTF show heavy selling pressure starting to build in the 73-75k range. This implies we see a short-term correction and that this range is currently guarded.
English