A small rise in BTC today from +3% to +5% towards 21K, after or before the US open of the S&P 500, given the small hole to be filled to the south in the King Fisher liquidation map.
I think we will first go north to liquidate the Shorts with big leverages and then other big leverages will come south via the peak liquidations of the Longs to fill the hole.
But it's still possible to go directly south if the US open in 1H30 will be bearish!
https://t.me/tradingwithbinance/474
Last Map: BTC it starts to Long with big leverages after today's cleanup in the south.
Several obstacles ahead of the S&P 500 before turning bullish:
The key resistance area between 3900 to 3920, The MA 62 in blue, the 50% fibo, the bottom of the Ichimuku cloud, and a bearish divergence on the OBV with volumes falling while the price is rising .
Will the S&P 500 break the resistance at 3900 or will it be rejected again as it has been doing since the beginning of the year???
The answer will be soon, in the 2nd November to see the sentiment of the Fed after an interest rate hike between 0.75% and 1%.
https://www.tradingview.com/x/oc7pr7sf/
I closed 50% of 2 short positions for several reasons:
- Liquidation peaks to look for around $9, but possible to go to $7 before.
- The POC "Point of Control" volume profile with the most volumes traded at $9.2
- The MACD shows the beginning of a buying force.
- Bullish divergence on the RSI in the oversold area below 30
https://www.tradingview.com/x/rOgZcCbR/
I am bearish on APT in the range between $5 to $10, I closed 50% of my two Short positions on APT/USDT in futures with 1X leverage on Huobi and FTX.
The other two short positions in grid trading on Binance and Kucoin are still open, and as long as the market is showing bearish signals, such as on the rising dollar index DXY which is not in our favor, I would wait for more confirmations on a future pump with volumes and in correlation with the news at the level of fundamental analysis, otherwise in the bear market often the increases are without volumes which end in a false break out of a resistance and then the rejection to the south.
Last update on Kingfisher map:
APT/USDT liquidation map in the south is almost filled and we have new shorts coming, the big peak in the north is now at $8.6 and then $9.2
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