Looking at the chart on 4hr time frame we see a good opportunity for a long entry at roughly $61,000. Reasons -Prior support at same levels (yellow line/arrow) -Key moving average support level (200 MA) -$60k potential wick area for bottom of the daily Bollinger Bands Entry method -Ladder entry -Front run the 200 MA at $61,800 -Right at 200 MA -Below catch wicks...
Good Morning This is certainly an interesting situation for $BTC! Perhaps #BTC may hold this area for 2 days, or more? Still think bias is more towards the downside BUT this could be an area of consolidation, why not? Spot #bitcoin charts are all over the place. This makes it harder to make calls on spot charts. ------------------------------- CRYPTOCAP:ETH ...
CRYPTOCAP:BTC volume is NOT heavy, small amounts of buying, mostly selling. Shorting is at the highest levels since October. People are/got FLUSHED. This is VERY healthy as it gets rid of greed. #BTC could take 1-6 months to resume up trend, Weekly chart shows #bitcoin forming a DOJI last week. 50-60k possible bottom process, we...
So, CRYPTOCAP:BTC price action, not shocked! Posted few times recently (See profile for more info) that we were selling (personal as well) small amounts of #crpyto as it went higher. #BTC was showing signs of weakening. WARNING signs to take SOME profits off. If you didn't: A) You're a long term hodler & rarely sell. In that case, shhh! B) Trader? That's your...
GOOD MORNING The CRYPTOCAP:BTC RSI is weakening further as it hits 74k. The closer it gets to 80-100k the more risk rises. #BTC is due for another correction/consolidation, IMO. #Bitcoin $ Flow is still decent so, IMO this is not the top. A)Shows RSI peaked & Selling begins to come in. EURONEXT:FLOW was NOT strong at all. B) Volume is light before picking...
Posted this elswhere(see profile here for more info) last night: RSI is falling on For CRYPTOCAP:BTC Futures & Spot #BTC Money Flow does look better on Futures vs Spot The #Bitcoin weekly, last chart, looks VERY interesting. We have spoken on this possibility already. The Inverse Head & Shoulder Pattern - Tends to be very bullish. --- Today This is why you...
1st CRYPTOCAP:BTC chart shows the arrows pointing to the highs of this morning. 2nd #BTC chart shows where it is at the moment. This shows us that Spot #bitcoin is correcting itself and catching up to Future's price action. Futures $ Flow broke the downtrend & is rising. Bullish. Spot $ Flow is pretty even. But just like price action, this will likely...
are buying IBIT at 39 thinking it can hit 100 welcome to unit bias something to think about Just a thought that popped into my head..
To the untrained eye, CRYPTOCAP:BTC does look like a double top, but in reality it would be closer to a Triple Top, if anything. Peaks are higher & we're trading ABOVE resistance levels. IMO there is NO #BTC double top! Yesterday #Bitcoin formed an OUTSIDE DAY (this is a so so pattern) $ Flow is not great but the RSI is still...
INTERESTING divergence happening at the moment with $BTC. #BTC Spot has RSI falling & sells beginning to pour in. #Bitcoin Futures has a strong RSI & some, light, selling. Wont comment on $ Flow today but will say that both paint slightly different pictures there as well. Weekly shows WHY this area will be tough. This area will not break easy. HOWEVER, IMO,...
Current charts (not shown here, this is a weekly chart, se profile for more info) CRYPTOCAP:BTC $ Flow is better captured on spot price. #BTC RSI is better captured on futures price. Weekly is interesting indeed! Both show: Cratering of $ flow as it goes higher, negative divergence. RSI is still...
Bitcoin (BTC) Is getting closer to $60,000 and may eventually break the All-time High. There are a few ways to capitalize on BTC moves. 1. Direct purchase of crypto from crypto exchange like Coinbase 2. Invest in stocks associated with BTC. Examples include NASDAQ:MARA , AMEX:GBTC , NASDAQ:COIN , NASDAQ:RIOT , NASDAQ:MSTR 3. Invest in LEAPS options...
The BitcoinETF IBIT will open the US market with a pre-market gap up today dear Crypto Nation👀🚨 Why can this be important❓ In 6 out of 6 times when that happened we saw BTC go up at least 1,000 USD before getting down 500 USD🚀 No financial advice to open a trade at US market opening with RR 2,0... but keep an eye on the behavior today - might be an interesting...
As stated before, there's extreme bullishness on $BTC. Every influencer's excited & media is plastering a bull take. They can be right but more often than not they are wrong and can be used as a contrarian indicator. Things to notice: #BTC shorts are @ their LOWEST in a year! Money Flow is lessening. Decent sell volume at the...
Not much to add on Bitcoin other than the future for it it's looking great. Great bounce of off the 38,6 area next hurdle should be around 45,000 in the short term. Feel free to share your charts below!
CRYPTOCAP:BTC will likely see 1 more dip before it resumes it's uptrend, WHY? There is still a decent amount of bullishness out there. HOWEVER, if #Bitcoin can do the following: RSI hold above halfway point $ Flow gets better, which coincides with... Buy volume increasing Then the drop will likely not be harsh & we could have seen the bottom,
I did not personally expect this much Spot BTC being converted from GBTC to IBIT but the numbers are right there. IBIT's low fee's and Blackrock's brand name have just drained the GBTC supply. As of today IBIT's holdings is $1,060,712,715.95 GBTC holdings is $23,707,965,989.80 This will become a close battle within months and the low fee battle will always exist.
Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (IBIT chart) Trading will begin with the approval of BTC ETF (ISHARES BITCOIN TRUST). As you can see, the current trend is a downward trend. In order to turn this downward trend into an upward trend,...