Transcription
Hello to all of you. I hope you are doing well. We are meeting for the Thursday, November 6th brief. It is 8:37 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 a technical analysis of Bitcoin. But before that, we will look at what happened yesterday. I told you yesterday that we were anticipating a potential rebound. This doesn't necessarily mean a bottom. It could simply be a technical rebound. So we were just here. I told you that it was probable that we would have a rebound, simply that we would come back to test this FVG to then be able to move up again and potentially reach the liquidity to the north. I changed my mind at one point when we arrived in this zone, simply because we were on the H4 FVG and the retest of this zone. So I simply attempted a short in this zone. Uh, so just this zone, and then I closed my trade, I exited my trade almost at BE, simply because I told myself, "Okay, there's a high probability, the reaction wasn't good anyway, and there was a high probability of coming to test this FVG, which is located between $105,836 and $104,876. And so it's highly probable to visit it today as well, because we have quite a few people shorting, and it's logical that we will come back to test this zone if it happens. So be careful about that. I won't necessarily go long now, I won't go short now. In any case, here we are currently between these two zones. We are between the zone of $102,127 and the zone of $103,047, and the zone of $104,700 to $105,800. We are blocked between these two zones currently, and as long as we don't make a decision to go above this zone or below it, there's simply no interest. We could very well be in a range and simply switch back into this zone, etc. So for now, there's not much to do. Regarding economic news, today we have simply the Bank of England's decision on interest rates. We have absolutely nothing else. Yesterday, we were served, but it didn't play in our favor for a market rebound either. Regarding crypto, what we see is that we have green almost everywhere except on some. But otherwise, we notably have ZK performing really well, QNT, ICP, Trump, Aero, ZC performing really well. And these are the types of crypto where if you play the H4 FVGs on these cryptos, logically it works very well since they generally only retrace to the H4 FVG and then they move on to make a new ATH or a new all-time high. Regarding funding and open interest, what we see is that we had shorts opening just here. So we had an increase in open interest with a decrease in funding. This means that here, it was mostly shorts that were opening. Then what we see here is mostly longs that opened just here. So we had a majority of longs opening here. That's why I find it dangerous to go long now and short now, given that we have quite a bit of liquidity to take above this zone and quite a bit of liquidity below this zone. So clearly, it can be really dangerous to make a decision now. If we look just here, we have an increase in open interest as well with an increase in funding. This means that here, it's a majority of longs that opened. So, we have liquidations to target just below here. Then, what we see here is that we have an increase in open interest with an increase in funding as well. So this means that here, it's mostly longs that opened. Also, if we zoom in a bit because it's not very obvious, we see an increase in open interest here with a majority increase in funding. This means that here, it's mostly longs that opened. Potentially, they closed here. What we see here is the same thing, it's longs that opened. Increase in open interest with increase in funding. And if we look, all the increases in open interest that follow are linked to an increase in funding. This means that here, it's a majority of longs that opened. So logically, we should fall. Regarding liquidations, if we look over 24 hours, it's logical that we have more liquidations below than above. We still have a cluster to target around $105,000. That's normal, it's the cluster I was talking about, just here. So this cluster. So, in my opinion, we are not safe from making a move like this, and then rejecting to go much lower. That would be really interesting to make this kind of move. Uh, so we will have to be attentive to that. So I think we can target the liquidity around $101,290, which gives us approximately this zone. Uh, here, that will give us this zone. So the most interesting thing would be to simply rebound, to take the liquidity, and then like that, we can really fall, come back to take the low that was just here around $98,134. Clearly, this low, as long as we haven't taken it, we can't really be bullish on Bitcoin because we have a lot of liquidity to target below, and clearly, it's much cleaner to liquidate that to have a rebound. Then, we could start again on good foundations, but otherwise, we are a bit on something that would potentially look like this. We are on, okay, we have liquidated, we can rebound, etc., but in fact, it's not enough. There has been so much accumulation that at some point, boom, we have to go much, much lower, and that's a bit of the problem. So you have to be careful about that because if that's what happens, well clearly tell yourself that we can go much lower. So be careful about that. Clearly, we can be on this kind of configuration, but on a larger scale, simply because we are currently on this kind of structure, but on a smaller scale here, on a larger scale here. So, that was an example, but just tell yourself one thing: if we don't liquidate here, it's not clean. So we will have to go back there, and the longer it takes to go back there, the more intense the movement will be afterwards. So ideally, we go back there this week, and then we won't talk about it anymore. Uh, so ideally, we dump. But here, in my opinion, the next dump will be around this FVG, between $104,700 and $105,800. It could be interesting to simply have an order in there. Uh, so then to have, for precision, etc., but here, to have an order in there with a stop above this zone to target this liquidity zone is rather interesting. It gives a risk-reward of 1 to 3, and that can be good. I think we can rebound after taking the liquidity here, given that when we look at the Whales, we have purchases from the Whales. We are not on pure selling, we are not on a price that rebounds and continued selling from Whales, etc. Here, we have had Whales who bought for nearly $150 million. The micro Whales are in total indecision. The micro Whales are in yellow, and the retail investors also don't know, they are in indecision. So currently, we could very well have a small dump, have this rebound, and then have the big correction on top of that. So it would be really interesting to make this type of move. Uh, but here, as long as it reacts well in the FVG here and in this one, in any case, for now, I'm not doing anything as long as we are between the two. But here, if there are any scalps to take or trades to attempt, I will put them directly on the school. So don't hesitate to subscribe if you liked this video. Also, don't hesitate to comment what you think. Don't hesitate to like the video. There aren't enough people subscribing compared to the number of views. Uh, so clearly, if you want to do it, clearly don't hesitate. I wish you a very good day. We will meet again tomorrow at the same time. Take care of yourselves. M.