$BTC Long Breakdown
Price reached my POI in this case VAL (image 1)
Now I had to look for more confirmation / confluence to actually put out a long
I saw open interest skyrocketing with perp CVD going down while spot CVD went up (image 2)
This meant a lot of people / perps were trying to force a breakdown here
The final LTF trigger was the SFP of the previous low with an insane amount of shorters entering (image 3 )#OilEdgesHigher
Price reached my POI in this case VAL (image 1)
Now I had to look for more confirmation / confluence to actually put out a long
I saw open interest skyrocketing with perp CVD going down while spot CVD went up (image 2)
This meant a lot of people / perps were trying to force a breakdown here
The final LTF trigger was the SFP of the previous low with an insane amount of shorters entering (image 3 )#OilEdgesHigher