Waiting for a correction? This may suprise you
I think longing here at 54333 is the play instead of waiting for a correction
I say this as mostly price fundamental reasons
- Bitcoin premium index is negative on a 4 hourly up trend. Quite a rare phenomenon but when it happens usually causes a face rip rally.
- Bitcoin July Premiums only 3.5 % - historic low for this futures contract. - too many players are on the sideline and waiting for a correction. and that makes it an unlikely event.
- Perpetual interest rates still low
I'm a buyer here, people's hesitancy to enter makes me even more confident in a rally, and a likely will rip peoples faces off.
I say this as mostly price fundamental reasons
- Bitcoin premium index is negative on a 4 hourly up trend. Quite a rare phenomenon but when it happens usually causes a face rip rally.
- Bitcoin July Premiums only 3.5 % - historic low for this futures contract. - too many players are on the sideline and waiting for a correction. and that makes it an unlikely event.
- Perpetual interest rates still low
I'm a buyer here, people's hesitancy to enter makes me even more confident in a rally, and a likely will rip peoples faces off.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.