Comparing previous $BTC tops & current state of Bitcoin
Current charts (not shown here, this is a weekly chart, se profile for more info)
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 OKAY.
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Let's compare the other 2 #Bitcoin tops:
1st top shows
BTC
RSI cratering.
$ Flow took longer for futures to show a top but it was obvious on spot price.
2nd #BTC RSI is flat on both, it is healthy on its own accord, BUT is significantly lower than the previous top put in.
$ Flow is seen lessening on both futures and spot action.
Sell volume obvious on futures, no sign at all on spot.
Continuation....... (current chart shown)
#Bitcoin buy volume is exhausting.
BTC
$ Flow is weakening. This is way more obvious on the Spot chart. However, it did is reach normal peak highs.
#BTC RSI is currently trading like the 2nd top, but it is stronger, reaching higher RSI number.
Futures are identical to 1st top, but Spot is a little bit lower in comparison to 1st top.
RSI is okay on both , healthy even.
Shorts have been wiped out and it stands at a low amount at the moment.
Warning signs but should retest highs at he least.
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 OKAY.
------------------------------------------------------------------------
Let's compare the other 2 #Bitcoin tops:
1st top shows
BTC
RSI cratering. $ Flow took longer for futures to show a top but it was obvious on spot price.
2nd #BTC RSI is flat on both, it is healthy on its own accord, BUT is significantly lower than the previous top put in.
$ Flow is seen lessening on both futures and spot action.
Sell volume obvious on futures, no sign at all on spot.
Continuation....... (current chart shown)
#Bitcoin buy volume is exhausting.
BTC
$ Flow is weakening. This is way more obvious on the Spot chart. However, it did is reach normal peak highs. #BTC RSI is currently trading like the 2nd top, but it is stronger, reaching higher RSI number.
Futures are identical to 1st top, but Spot is a little bit lower in comparison to 1st top.
RSI is okay on both , healthy even.
Shorts have been wiped out and it stands at a low amount at the moment.
Warning signs but should retest highs at he least.