What i think will happen over the next 6 months for BITMEX:XBTUSD.P by Power_of_Shitcoin

beyondta

TECHNICALS:

Bullish:

200 wsma holding

rsi stupidly oversold *though it's not an indication of a bottom

From chart history, the price doesn't like to stay below lower bb'

Lower trendline penetration

Wyckoff

I guess this is bullish. lol

Bearish:

this (overleveraged corona panic)

Hyperwave?

Wedge?

SENTIMENTAL

Finex shorts +200% and longs - 40% near (in the bottom) late shorts loading and longs getting liquidated - bullish reversal. (though this is more short term oriented)

OKEx net longs short is near 0.80 - an almost all-time low.

binance short account - 62%, long - 38%

I have never seen F&G staying so low for so long.

After the big dump, more people got rekt trying to 100x long than on 30% down move

People try to short every time they see a down move

A lot of gurus got liquidated from twitter. ( unfortunately not all of them)

After the big dump, i thought btc is a scam. Usually, i am wrong.

Funding on fire

COT. Leveraged funds went short and quit, professional traders went long and also quit. - bullish

Overall, sentiment is extremely negative.

ATH of XBT Volatility (fear)

FUNDAMENTALS

Bullish:

Whales keep growing 1000k+ adresses

lowest ever SOPR

Puell Multiple is green. And after the halving, it will dump more

Unrealized profit/loss at its lows

Reserve/Risk is also supper low

NVT is also looking good. Maybe not that good for 2 years ahead

Difficulty ribbon and market multiple

FED printer go brrrr.

Euro printer go brrrr.

Tether printer go brr (almost 2 billions in a few weeks)

USDC printer go brrr.

Q2 alway had higher returns.

India unbanning crypto

Plenty of yearly bases in alts.

Bearish:

- Too many miners. ( more hash = more competition). We may witness a real mining disaster after halving.

- South Korea may do more regulations.

- Transactions do not grow fast.

- People still do not trust it.

Comment:

Tether chart. Maybe people just want to short now. Guess what will happen with em

Comment:

It is not supper precise but you may understand a level of sentiment while approaching to decision levels

Comment:

I would say this - when it stays negative/positive over the period of time first poll change will indicate on reversal. The same logic as with support/resistance

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