Transcription
Hello to all of you. I hope you are doing well. We are meeting for the Friday, November 28th brief, it is 8:23 AM. Today, we will talk about economic news, the long and short ratio, funding open interest, and liquidations. We will look at what the whales are doing, finishing with the technical analysis of Bitcoin. But before that, we will look at what happened yesterday. And honestly, it wasn't remarkable, well, it wasn't great. Not much happened, except that I told you we were currently in an IFVG. So this IFVG, so it's clearly we're not going to rehash it like yesterday, but it's 3 IFVGs, we see that we only had one here. Then, we see that here we recreate an FVG, we recreate an IFVG and the same thing, we create an FVG. So we are in an IFVG, so x 4. So clearly, we are on this, it held and if we hold this zone, logically, we could still go up again. Now, here, we've been ranging for a while, so why not. At the US opening. So we have a pre-opening, well, a premature closing of the markets today. So it will close at 7 PM. So pay attention to that. Don't get caught out over the weekend if you have open positions. The market closes at 7 PM. So that means you have to close before that if you don't want to be over the weekend. In any case, well, I still think the plan is good. We are calmly heading towards $97,200 logically. This does not prevent us from potentially seeking this FVG right here. So the trendline, I can remove it because it did its job and it was liquidated. But well, logically, we could come back to seek this FVG right here. We could also do this plan, and it would not invalidate it. Invalidation is really around $86,267. So if we go there for a visit, logically, we could start again with more vigor. So we will have to pay attention to that. Otherwise, regarding the data today, so what it is, what I told you, we have Thanksgiving, so we have no economic news in the US, we have a premature closing at 7 PM and otherwise we have absolutely nothing at all in terms of interesting economic news on the markets. We will have French inflation in 19 minutes for those who are interested, but otherwise we don't have much. Regarding crypto bubble, what we see is that we are in total indecision, we have alts pumping, we have alts dumping. We are really in complete indecision regarding alts. Regarding funding open interest, it's the same thing. Nothing is happening at all. We are entering the dead period of the year. So this will be around the end of November generally and the end of December. We are on this. In my opinion, at the beginning of December, we will start again with volume and so on. But but in any case, for now, with Thanksgiving and so on, we don't really have big volumes. But what we see mostly is that there are longs that are opening. We see an increase in open interest with an increase in funding. Even if the funding was negative, so that means we can still go up because the funding was negative right here after the pump. So that means we weren't even funding negative here. But in any case, well, what we see is that it's still a majority of longs opening, and therefore consequently we still have liquidations accumulating in there and therefore potentially coming to visit the FVG I was telling you about to then be able to leave again, that would be rather interesting but it's not an obligation. Regarding liquidations, what we see is that we still have this cluster of liquidity to be taken. So around $98,000, if I put a small filter like this, we clearly see that the clusters, so there is a first cluster at $94,000. The second big chunk of work is around 97 and we see that otherwise we really have a cluster around 98 and what we see is that we have liquidations to be taken around 85,792. So it would be interesting to seek this zone anyway. Regarding what the whales are doing, the whales are still accumulating, they have not sold. So they sold a tiny bit right here, but they bought back afterwards and now we see that they bought back just now. So clearly the whales are accumulating this movement. The micro whales are in total indecision while retail is also in total indecision. Regarding technicals, what I think therefore is that well, we are still the same, we are still in the same trend since the beginning. So when we were here, I told you that it was potentially a direction around $98,000. That is logically the plan. We could simply go up calmly, reach 98 and then we will see depending on the data. But if the data is bad, we could potentially have a rejection to go seek $70,000. But in any case, for now, we are calmly heading towards 98 and only the data at the time will be able to tell us if it is a top or if we will continue. Because currently, well, we can very well simply have a rejection, people short completely and then we can very well go up again to liquidate $108,000. So we will have to pay attention to that but for now the plan remains the same. Seeking $98,000, that would be the OTE zone, so of this movement, the liquidations and we are in an upward trend on H4. So it would not be necessarily incomprehensible to seek this zone and have a rejection in this zone around $98,100 to then be able to have this rejection on low time frame. And then we will see what happens because if people really short completely, well that will mean we go higher. However, if people start to go bullish and so on, well then, we will go completely lower and we can go visit $70,000. So pay attention to this plan. The $98,000 is a first objective. It does not mean that we will continue afterwards. It simply means that it is a direction in which we should go. So there, I hope this video pleased you. If so, I invite you to subscribe, to like and to comment what you think. If I make a decision, I will post it directly on the public group. So do not hesitate to join it, it is 100% free. I wish you a good day.