p3nchan

#analysis 29 - Technical Analysis with Data

BYBIT:BTCUSDT   BTCUSDT SPOT
Now the price reached the lq level, PWO and caused MSB. According to data, the OI reached a local high, so we can assume the big players are still holding their long position.

However, the L/S ratio is quite low, which is 0.74. Also, at the level of 21k, the liquidation was not much enough. Reaching 21.7k may be a possible scenario here.




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.