Transcription
Hello to all of you. I hope you are doing well. We are meeting for the Tuesday, December 2nd brief, it is 8:12 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. We had movement on Bitcoin. So the movement I was expecting, I told you we would have a slight dump, uh, yesterday at the time of the brief, when we were on H1 at the time of the analysis. The goal was to come and seek the liquidity we had just below and then potentially place a bottom to come back and seek the H1 H4 IFVG that we have in this zone. If we are on H4, it's a bit cleaner. Uh, so we see it right here, we have an IFVG between $87,657 and $89,462. We are still bearish on H4, so we must take that into consideration. On the other hand, there is something that tells us that we could explode upwards, which is that we did not take the liquidity before falling. We really validated an equilibrium. So, consequently, a lot of people started shorting this entire zone here. All the stop losses that were placed on short, they were placed here. So, to go say hello to them, it wouldn't necessarily be a bad idea. We could very well come and liquidate them. So it's complicated to open a short currently. If we had had this liquidity wick behind on something like this, it would have been much cleaner to open a short in this IFVG. Personally, what I will wait for is, once again, a real structure. So, simply, for us to validate above this zone. Then, I will enter a scalp on a boss, in which we can then enter on a boss of this style with a stop below to aim much higher. But in any case, for now, I think we can calmly head into this IFVG. If this IFVG gives way, we can come and seek $97,187. But for now, I remain bearish given that we have a change in trend. We have this IFVG right here. And if I look at the data, we will look at that right away. Regarding economic news, today, we will have, we had a speech from Powell last night. Uh, so I will summarize what happened last night on Discord directly. We will also have a JOLTS report at 4 PM. So that's the job openings. So that is really awaited. It's a news item we didn't have last month. So clearly, it's a news item that is really awaited because we want to know how the labor market is doing currently in the United States to be able to form a macroeconomic view on it. So it's really a highly anticipated news for all investors. Regarding CryptoBubbles, what we see is that green is coming back everywhere. On the other hand, we had a big dump yesterday. So that simply means that we currently have a rebound on altcoins. It's over the last 24 hours, but it's not necessarily completely bullish. Same thing for altcoins currently. Regarding funding open interest, we see that not much is happening. We don't really have big increases in open interest. We see that we are really in a complete range. But if we were to zoom in a bit, we see that here, it's mainly longs that have been opened. Here too. And if I switch to M1 so we can see exactly what's happening in the last, well, we clearly see that all along this zone here, we see an increase in open interest with an increase in funding clearly here. So that means that all along here, it's exclusively longs that have been opened since 4:35 AM. So clearly, it's not necessarily something very, very bullish. Uh, well, it's not necessarily what we like to see. So that means that if we pump, potentially we will be able to come and liquidate them afterwards. Regarding liquidations, what we see is that we have a liquidity cluster to be taken around $88,178. Uh, so right here, if I zoom out a bit so you can see the liquidity better, we see that we have a cluster at $88,000 which extends. We have a last cluster around $89,000. So which coincides with the IFVG zone which is located between, so, wait, between $87,657 and $89,469. Let's check, let's place them to be sure we have this cluster correctly. We see that we have a cluster at $87,985. So just before 88,000. If we put that, we'll put a small line at 88,800. There, right here. Here, we know we have a cluster. So we'll note it down, simply to keep it in mind. And we have a second one. Oops, normally I have a liquidation. There. Uh, and we have a second cluster which is at $89,046. So same thing, we'll note it down because I think it could be really interesting to enter liquidations if we have a low timeframe setup in this zone. I think it could be quite good to do something like this. So same thing, liquidation, and in my opinion, we're in good shape. Regarding what the Whales are doing, it's an ultra bullish element. We have Whales who bought for nearly $270 million last night, including a massive purchase in one go of $270 million. That means the Whales are back. And so, consequently, we can explode the upper zone. So really, pay attention to that. If we see Whales showing up again, generally purchases of over $100 million, well, it's not for nothing. It's necessarily either insiders, or companies, or good news, or things in anticipation of good things to come. Knowing that we have results coming soon. Well, we could have an insider who placed themselves right here. So you just have to be careful and take into consideration that there are potentially insiders who are long on this market. We see that micro Whales have also bought, and micro Whales and retail, sorry, have also bought this movement. So we could do something like this where we then come back if we start to have sales occurring. We will need a good divergence to then be able to go back down. But well, it could be a trap to close all positions right here to then be able to go back up. So in my opinion, well, the trap could be like this. So what I think is that if I switch to H1 for example, we know, we have a lot, a lot of longs that have been opened. When we look at funding open interest, so we know that a lot of longs have been opened up to $86,156. The $86,156 gives us this zone here. So what I think is that it is probable that we will come back to seek this FVG zone just below. Ideally, what we would do is dump a little, come seek this zone, dump again in this zone, and then go back up. Now, the cleanest, really the cleanest, is to have validated this choch right here, this choch, and then retrace in this zone, simply take the liquidity, so in a simple wick, take the liquidations, have a small rejection within it, break it completely, and then be able to use it as support. So this is still this H1 IFVG. Ideally, it would need to be broken in one go to be used as support before being rejected into it. If we are rejected into it, it doesn't look good at all. So clearly, if there is a long entry to take, it would be between $85,798 and $86,141. I don't really see any interest in entering earlier than that since we know that everyone is long here. And if I zoom in a bit and look at 48 hours, I think there is a lot of liquidation to be taken just below. So well, it's clearly a huge amount of longs to be liquidated. We see that there are clusters right here. Now, we see that there are clusters below as well. But well, to come and seek $85,564, it will be easy. So logically, well, we could go and seek this zone. So that's the plan. The plan is simple. We dump a little. Then, we rebound in the H4 IFVG. We see what happens when we take the liquidations. So of course, that will be the decisive zone. If we start to break all of this with spot purchases, etc., we can go higher. On the other hand, if we start to see spot sales, people starting to FOMO, etc., well, in this H4 IFVG, we will place a top and we can go much lower. Why not come back and seek much lower than yesterday's low. So that's the plan. I wish you a very good day. I hope you enjoyed this video. If so, I invite you to subscribe, like, and comment what you think. We will meet again tomorrow at the same time. Take care of yourselves. M.