The technical setups posted next use elementary trend detection, support and resistance, channels, settlement and candle analysis. We aim for high-probability trade setups on BTCUSD and use really few indicators. All charts use BNC’s Bitcoin Liquid Index for limit accuracy.
The timeframe for trades is 1 to 7 days, so we’ll use 4h candlesticks. Bitcoin is best traded as a quite suppositional commodity on 4h+ timeframes.
This territory is formed on inner (anonymized) Whaleclub trade information and is published exclusively on BNC.
Current Active Long vs Short Volume Ratio: 3.82:1
Average Active Long vs Short Volume Ratio: 2.1:1
We have a 182% additional in active prolonged volume relations to a average! This signals large bullish sentiment.
The normal weighted prolonged entrance cost is $443.8, that means that on average, active longs are in a green.
Sentiment is rarely bullish — roughly exuberant. Long position volumes are really high and brief positions are roughly inexistent. This might be a ideal setup for a prolonged fist that might outcome in a poignant pullback as many traders, already “all-in” with their shopping power, are prepared to take profit.
Macro Key Points
This territory is an overview of news headlines or events