COI has risen yesterday, suggesting a single day long buildup.
A series of lower highs and lower lows in place on BNF. Supports mainly coming in around 30900 levels ( why ? see the pic )
For any bullish/long views, BNF must close above the 32200-300 region. Until that, major trend is bearish
A close below 30900 with some more rise in COI can take BNF down to 29600 levels ( as the long COI will then be trapped). Intraday traders should watch 31300 breakdown as the first signs of trouble. Only a close > 32300 will break this bearish structure
On realtime charts
I have pointed out earlier that none of the bullish large range days are having any followup since mid-feb. Unless this logic breaks and we have some strong bullish followup days, this bearish structure will not change
I have tried to keep the analysis simple without using any systems as such. kindly validate with your analysis before making a view. This is my view which I am following
• • •
Missing some Tweet in this thread? You can try to
force a refresh
To mentally take a break , as it was getting exhausting psychologically, went back to charts. Analysing BNF to explain what I saw on Friday which prompted me to carry shorts
COI started increasing over past two day, short buildup as price down+COI up. This is OIV Analyzer end of day
Now see the realtime charts. understand the context. The rise in COI over the day got trapped in the last 30 min selloff. The whole COI builtup has an average price of around 32k. Downsides may be in this manner :
below 32000--->31800
below 31800--->31400
below 31400--->30500
Ok, here goes the story.Morning received this message
Like an idiot, I fell into the trap. Clicking the link took me to an official looking webpage of twitter. Asked for mobile authentication ( i had 2FA on)
This is handle which did this, looked like exact Twitter Support handle. ( now changed after I reported this to twitter ). Had a blue tick , verified mark