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I woke up to see #BTC, these two long wick candles are unbelievable.. The Asian market actually caused such a big upheaval..
Let's review.. Yesterday's total delta was -1.87b + entry with the blue signal.. Did not wait for the daily model, because I guessed it might still be a large round bottom..
Originally, the tp1 was looking at the vwap around 101000..
Seeing a rebound, but it appears that the bears have not fled from their positions in the orders..
Later successfully broke 100K, feeling that if it goes up a bit, it will hit the short TP1.
I didn't expect it to take a sharp turn so soon.. After it went down again, I noticed that during the rebound to 100K and the subsequent drop below 100K, the total delta for the bulls reached the threshold of 1.5b in just 1-2 hours.. (After October 11th, the delta for bulls during each rebound did not exceed 1.5b)
Regarding this delta, it's inconvenient to type on my phone outside today. I will elaborate on it after I get home later.
So in short, after breaking 100K, the bullish funding has exhausted (looking back at the order flow, there was actually a 15min candle close to 400m in total, with a positive delta of around 200m, indicating that the buying pressure that couldn't push the price up was absorbed.)
But at 100,000, I overlooked and didn't notice the delta..
So lower expectations, take profit 1 early, and secure the principal early.
The pullback below 100,000 has provided an opportunity to retain some of this profit.
Currently, the total delta has come to around -2.5b. But it was mainly caused by the giant long wick candle that pierced through 97000.. Today, both long wick candles are abnormal... The next line says..