MM perps on BTC show potential for copy trading

Please disregard my last published idea, I guess I exceeded the 15 min window I had to make edits. Nor can I delete it and replace with this version.

BTCUSD and BTCUSDSHORTS vs. BTCUSDLONGS are often a good indication for where the "smart" money or market makers are positioned. The idea would be to create an oscillation type indicator for studying macro trends as well as fast moving shifts.
The midpoint here is derived from the 50D VWMA. And for scale, the vert lines show +/- %'s. The fettuccine levels are measured from our 50D VWMA and BTCUSD ATH.
This only considers TA.
Sampling a basket of what influences BTCUSD: SPX/SPY, NDX, DXY then comparing that to TOTAL, BTC and each of their SHORT v LONG counterparts, gives us a picture of MM support and resistance levels and where the bull v bear fights are happening.
New charts made available to TV give better insight into derivatives. So much looks good and useful, but I can't ever find the tickers.
Interesting to note where BTC shorts took large positions end of Nov 21 or longs at end of Sept 21.
btcusdlongbtcusdshortcopytradeEconomic CyclesOscillatorsSupport and Resistancetotal

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