I get that some entities are front running risk off week ahead but this type of signature rarely goes unpunished
If it does, then we are in trouble
Otherwise expect mean reversion higher to remove this overzealous positioning
#BTC https://t.co/VGrVeM9yCT
BTCActivation price $64,003.2Direction LongType DirectionalTimeframe Short
Max Favorable +2.7%Max Adverse −2.7%Opportunity 0.71Time 0.53Magnitude 0.71Score 0.48
I get that some entities are front running risk off week ahead but this type of signature rarely goes unabated
If it does, then we are in trouble
Otherwise expect mean reversion higher to remove this overzealous positioning
#BTC https://t.co/ZlPYKgYabi
BTCActivation price $64,030.75Direction LongType DirectionalTimeframe Short
Max Favorable +2.7%Max Adverse −2.7%Opportunity 0.71Time 0.51Magnitude 0.71Score 0.47
Meanwhile it appears the coin margin longs on bybit have gone absolutely insane this weekend
It isn't about the notional positions in the mix per say
Its how poor they positioned relative to the price range that formed yday
Would expect this delta to be shed
Longs are hooked up here imo in the interim
#BTC
BTCActivation price $64,509.99Direction ShortType DirectionalTimeframe Short
Max Favorable +3.5%Max Adverse −3.8%Opportunity 0.42Time 0.51Magnitude 0.42Score 0.41
Context:
#BTC had a lovely rotation into Q1 VAL confluent with Q2 VAL (there is enough reason to see this as a zone per my book)
If we can sustain price above here I think we can look north towards the 70s (Q2 VWAP)
However, a failure to hold here opens up 62500 and 61 k as interim targets to gage bid side reaction and presence of buyers
#BTC
BTCActivation price $64,704.73Direction LongType ConditionalTrigger Break Above 64000Timeframe Short
Max Favorable +3.5%Max Adverse −3.3%Opportunity 0.60Time 0.58Magnitude 0.60Score 0.50
Context:
#BTC had a lovely rotation into Q1 VAL confluent with Q2 VAL (there is enough reason to see this as a zone per my book)
If we can sustain price above here I think we can look north towards the 70s (Q2 VWAP)
However, a failure to hold here open up 62500 and 61 k
#BTC
BTCActivation price $63,830.2Direction ShortType ConditionalTrigger Break Below 64500Timeframe Short
Max Favorable +2.0%Max Adverse −4.9%Opportunity 0.79Time 0.09Magnitude 0.79Score 0.34