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BTCUSD: Monthly Indicators Analogy

Long
BITSTAMP:BTCUSD   Bitcoin
1. SRSI:

- 01 Nov 15 - 01 Dec 17 (761 Days) : Remains Saturated for such a quite long time!
- 01 Jun 19 - 01 Mar 21 (639 Days) : Though Saturated in 01 Jun 19, reduced later for about 16 months (by 01 Dec 20).
- No serious negative divergence is seen between 2017 ATH & the one in 01 Jun 19.

2. MFI:

- 2017 ATH : 98.45
- Now: 91.40
- Divergence is seen. Yet, no Monthly obvious Peak/Pivot can be seen yet for comparison.

3. CMF:

- That of 2013 (60) & 2017 (45) show negative divergence. Then the price plunges.
- That of 2017 (45) & 01 Dec 20 again had negative divergence. Then the next month (Jan 21) price started below the last months high & had a nice long spike while the lower part has a very short one. If it was not so, it could be an inverted hammer.
There was not enough money to shape a full body. Right?
- Even in February 21 another long spike was made: 58 - 45 K.
- Then, shall & can we say the same is about to happen just like 2013 & 2017? Based on CMF?

Speculative Closure:

- Based on Market Cycles & Phases & based on working with indicators like SRSI, RSI & CRSI I would prefer to speculate that for my longer term portfolio I prefer to await another "Monthly" Pivot. Since in this timeframe SATURATION can be a several months continuation with local or temporary downturns in Weekly & Dailies.

- On the other hand, is CMF implicating that during 2013 & 2017 ATHs HIGHER NUMBERS of the indicator were due to the Market Immaturity?
- And, the last question is: Can CMF grow any higher now on, or what? Buyers are not eager to increase money input? I think as price grows, less share of it would be purchasable. Yet, whales do not seem to be determined for huge supply at the moment.

Trading bears risk of losing part or all of your money. What is written & said here can be only information sharing for learning purposes only. It is not a financial advice.

Please let me know what do YOU think & do not forget to drop a blessing like if you find this of any virtue.


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