Hey there,
basically anything you need to know on my outlook on bitcoin is displayed on this chart.
Our last targets are at 9800 (red box) and 10300 (last swing high).
Bitcoin keeps strong on all time frames, but is a bit overextended on the 4h chart.
Especially when looking at the Bitmex Funding Rate it kinda tells a different story and
displays that bulls are paying the shorts. Fortunately this is a contrarian indicator
and doesn`t always predict price drops/rises.
If you require further information, take a look at my recent posts on which
I explained in detail what I am looking at.
Also check out my YouTube channel: [b]Enlightened Trading
for further information on my view of the current market.
So far so good. Targets where reached and held nicely.
Bitcoin really seems to change its market structure to bullish long term.
Cheers,
Konrad
basically anything you need to know on my outlook on bitcoin is displayed on this chart.
Our last targets are at 9800 (red box) and 10300 (last swing high).
Bitcoin keeps strong on all time frames, but is a bit overextended on the 4h chart.
Especially when looking at the Bitmex Funding Rate it kinda tells a different story and
displays that bulls are paying the shorts. Fortunately this is a contrarian indicator
and doesn`t always predict price drops/rises.
If you require further information, take a look at my recent posts on which
I explained in detail what I am looking at.
Also check out my YouTube channel: [b]Enlightened Trading
for further information on my view of the current market.
So far so good. Targets where reached and held nicely.
Bitcoin really seems to change its market structure to bullish long term.
Cheers,
Konrad
