Bitcoin analysis using Chaikin Money Flow

Bitcoin FuturesCME GLOBEX

Description

⋅ Jun 15, 2023 6:28 PM

CRYPTOCAP:BTC Chaikin Money Flow is INTERESTING indeed!

You can tell when the top was forming.
Since then that top, we did call it, #BTC has struggled pretty bad with small pumps here and there.

However, look @ it now
CMF has been creeping higher, slowly.
We could be very close to a #bitcoin bottom.

Want to see CMF north of Zero.

Let's proceed with intraday data.

Focus on Blue Box for CRYPTOCAP:BTC

Left side:
CMF cratered, showed warning signs early on, close to top.
We did warn before it happened, it was tough area for #BTC to break through. It used to be staunch support (now it's turned to resistance).

Right side:
That's a nice pump for #BTC CMF in such a small time frame, interesting indeed

Hourly
#Bitcoin shows ray of hope.