Silly Whales.. I know what you are doing. Can't escape the MFI!!
Good day fellow traders,
Recently I have uncovered something really interesting in the Bitcoin Chart.
After being stagnant for many months, the Money Flow Index is at a level not seen since January 2018, over a year ago.
In one month, from Feb 2019 to March 2019, the money flow indicator went up by 40 points, indicating huge buys are taking place without much price movement. The increase in MFI does not equate to the small price movements we are seeing now, meaning price is still lagging behind the money flow- a HUGE bullish sign for Bitcoin.
Volume is going down, meaning most weak hands are already out. I suspect massive buys are being done over the counter right now.
Keep an eye on the BTCUSD charts in the upcoming weeks, things will get very interesting.
The whales are buying up Bitcoin, they can't hide from the money flow indicator.
If you enjoyed this read, feel free to comment, like or follow for more trade ideas as time goes on!
What do you think? Leave your comments below!
Yours truly,
Shaggad
Recently I have uncovered something really interesting in the Bitcoin Chart.
After being stagnant for many months, the Money Flow Index is at a level not seen since January 2018, over a year ago.
In one month, from Feb 2019 to March 2019, the money flow indicator went up by 40 points, indicating huge buys are taking place without much price movement. The increase in MFI does not equate to the small price movements we are seeing now, meaning price is still lagging behind the money flow- a HUGE bullish sign for Bitcoin.
Volume is going down, meaning most weak hands are already out. I suspect massive buys are being done over the counter right now.
Keep an eye on the BTCUSD charts in the upcoming weeks, things will get very interesting.
The whales are buying up Bitcoin, they can't hide from the money flow indicator.
If you enjoyed this read, feel free to comment, like or follow for more trade ideas as time goes on!
What do you think? Leave your comments below!
Yours truly,
Shaggad
Comment:
BTC at $4000+ right now.
Comment:
We reached our target.
Congrats to all BTC buyers/ longs!
Enjoy the profits.
Congrats to all BTC buyers/ longs!
Enjoy the profits.
Comment:
Hope everyone is enjoying this rally.
I will be doing more analysis for hidden trades like these in the future. Dont forget to hit like!
I will be doing more analysis for hidden trades like these in the future. Dont forget to hit like!
Chalkin Money Flow above 0.0, indicating accumulation.
Things going as planned.
Feel free to leave a like!