CryptoCache

Showing Early Signs of Strength

While this is premature and DOESN'T suggest we bounce from here...

It is a healthy sign when you spot volume increasing vs perps.

I commonly refer to this as a "hidden" sign of strength.

IT MUST CONTINUE for any hope at seeing 70k again.

Still broken, but there's a twist

Pending MM's stop mega-selling in unison... The odds of upside is higher.

Mainly because of FVG's, OX and significant liquidation left to the upside.

Very little incentive to drive the price down much further (for now).

Please note: Macro Liquidation remains at 64.5k. Trend is still very much, down.

If we see a recovery, best case is 69-70k range.

Looking for a 24 hour hold above 67k first, before considering a long.

30 Day Liquidation Map

See something off in this image?

1.32 billion in longs below
12.89 billion in shorts above

That's a 9.77:1 ratio of Shorts vs Longs...

Seems pretty lopsided to me.