cryptovatsik

cryptovatsik

This is the BTC USD LONGS Open Interest Chart, you cannot trade it but it can act as an indicator to your overall thesis on the market. It shows where Bitcoin has bottomed in the past, had its runs, and where ALTS tend to flourish (once BTC peaks, $ flows to ALTS) Use it as info to support/counter your thesis, not as a trading tool. My opinion is that we will...

cryptovatsik

SOLANA is a good example of many Altcoins right now, what are we seeing and how do we position accordingly? Proceed with caution. Poppa Bitcoin is not called King for no reason. A lot of altcoins are looking juicy indeed and even myself am tempted to dump my hard earned funds into many of them. ALTS are a different animal, DYOR and pick ones you believe in...

cryptovatsik Updated 

Don't want to be a party balloon popper, but it may be worth your while to be patient on this un-confirmed breakout. YES we broke the micro downtrend, YES we look to have broken the range possibly. YES this could be a bull trap. No we have not broken resistance yet, RSI overbought, pump is already stalling. Even IF we have bottomed, there will likely be a better...

cryptovatsik

Bitcoin has tapped the range high and looks to be breaking out currently. Should wait for daily close to confirm - be careful around here as we could easily wick right back down into the channel.

cryptovatsik

Many are debating whether we tap the 200W SMA or not, like we have in previous bear markets - something like this would make sense to me if we did. Price would enter previous bull market's peak-territory @ ~22k which is not something Bitcoin has normally done in the past (actually touching previous cycle's top, this would be very close to it). Like & Share...

cryptovatsik

Nothing too complicated here - just observing weekly RSI lows over the past few years and RSI is approaching the low, which has historically been a good spot to go Long.