Transcription
Hello to all of you. I hope you are doing well. We are meeting for the Friday, November 7th brief, it is 8:30 AM. Today, we will talk about economic news, the long-short ratio, funding, open interest, 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. We didn't have much, honestly. We are rather in a small range currently. Simply, what we can see technically is that we have hit the FVG and the H4 IFVG. So we had this zone to look for. We clearly see that we had this H4 FVH4 to look for. We see that we hit it. So in the H4 vgh4 which was present between 10217 and 102680. So if we don't go back above this zone, we are still bearish on Bitcoin. On the other hand, if we start to break this zone, it will mean that we can easily go to 104500 dollars. So, we will have to be attentive to this zone. Personally, I will set an alert above this zone since as long as we don't break this, we cannot go bullish. Logically, this is the resistance zone, so we can very well go a bit lower. On the other hand, if we start to break this zone, logically, we will look for an FVG next and then, we can go much higher. So that will be interesting. If we look at a shorter timeframe, if we clearly see that we are still bearish as well. We are still on a trend change right here, a structure breakup right here. And currently, we are simply going back to look for liquidity to potentially go lower. We see that we have an accumulation of liquidity right here. So we could go a bit lower and that can be dangerous. So I am still not bullish. This means that I am still not opening long positions on Bitcoin. We have liquidity that can be come and be taken here over the weekend. So clearly no long positions for now, no short positions either, given that, at the data level, we still have biases that are completely positive, bullish. So this means that we could very well go to 105200 to 106700 dollars before a reversal or not. But in any case, for now, there is not much to do, given that the H4 zone is rather on a rejection. The H1 zone is on an accumulation. If we look at M15, we are bullish and you will see that at the data level, there is data that is bullish, there is data that is bearish. So it is not very useful to do anything other than gambling. So, I clearly invite you to be careful. This weekend, we risk having quite a few movements. In terms of economic news, we have nothing at all today. We will see if we don't have any results coming up. Oops, I will set a filter to see if we have anything interesting today. So on Friday, we have nothing at all. Next week, oops, next week, we will have, let's see, we have nothing interesting in news next week. So clearly, well, it didn't come out for us, okay, they are late. So it didn't give us the figures for next week. Well, it doesn't matter. In terms of crypto bubbles, what we see is that we have, we notably have the AIA which is up 670% today. So clearly, I don't know where this token comes from. In any case, well, we have a big, big pump on artificial intelligence coins. We also have the ZCK, the F, the NIAR, the Dash, the ICP, the Apt, the Fil. The Fil which is up 58%, the XTZ which is up 23.3%. Clearly, this kind of pump is dangerous. when Bitcoin is not pumping, given that we are potentially on a rejection zone for Bitcoin. So we will have to be careful, but we could be at the start of an alt season. Clearly, what we see is that the Alts are performing much better than Bitcoin and therefore the Bitcoin dominance has logically fallen a bit, if we look logically, well, it is falling and we could be at a top in terms of Bitcoin dominance. So rather interesting, the Alts could regain some color. In terms of funding and open interest, what we see is that a majority of long positions have been opened in the last 24 hours. We clearly see an increase in open interest with a majority increase in funding. This means that here, it is predominantly long positions that have been opened and therefore we have accumulated liquidations below. And the liquidations that we had accumulated above, we came to get them by making this liquidity wick right here. So that's why we saw a small decrease in open interest. So logically, we could go a bit lower just for the funding and open interest. If we look at liquidations, we see that over 24 hours, we have quite a few clusters to go for, notably up to 104,000 dollars. So it can be interesting to simply liquidate the zones that we have just below, so the zones just here below 100,600 dollars to then go for the liquidities around 105,000 dollars. That could be really interesting. What we see at the Whale level is that they have started to accumulate the micro Whales. So we have buys for about 250 million since the bottom on the Whales. So that's rather interesting. It's starting to be quite substantial at the Whale level. The retails, on the other hand, are in total indecision. We see that there is not necessarily buying or selling. We are clearly in a complete range. And at the micro Whale level, same thing, I will zoom in to see what is happening. We see that we are rather on, so there is no real divergence between the price and what the micro Whales are doing. We are clearly on selling currently, we don't necessarily have any buying back. However, well, the Whales, we see that they are buying back and so perhaps they are precursors of a movement to come. So, we will have to pay attention to that. At the Bitcoin level, what I think is that we will potentially retrace, go back to look for this zone, the liquidations that we had to take here. Why not go back to look for the FVG that we had here. However, be careful, we still have this balance, why not simply sweep this liquidity, perhaps take 98,000 dollars in the end and then set a bottom. That would be really interesting to do something like that because if we do that, well, we really have no reason to go much lower and we validate a trend change after taking the liquidities around 98,000 dollars. As a reminder, 98,000 dollars are seven liquidity wicks. Below, we have a small FVG to look for and therefore, it would be interesting to liquidate this zone to then validate a real trend change and be able to go up. But in any case, for now, not much to say. So, we are currently in a range as long as this IFVG zone holds, we have no reason to go higher. If it gives way, I think it will be interesting to use it again to be able to pump. And so, the long entry will be when we break this zone. I prefer to enter a bit later than to enter in uncertainty. But in any case, currently, there is no reason to go long, there is no reason to go short, so it is better to be a spectator. So, I hope this video was enjoyable. It was short but intense. In my opinion, we will be served this weekend. I think there will be a long or short entry during the weekend. So that will be rather interesting. I wish you a very good day. We will meet again tomorrow at the same time. Take care of yourselves. M.