BitcoinMacro

Flow looking primed for a move up

Long
BitcoinMacro Updated   
KRAKEN:FLOWUSD   FLOW
Flow still not listed on many exchanges, but I believe many will follow soon. Dapper labs being valued at 7.5B is definitely a big boost for FLOW as NBA topshots are on it. Flow is in a nice uptrend and isn't showing much weakness. The recent correction didn't affect it much, especially vs BTC. Most of the weakness in alts is coming from BTC and not from alts being weak vs BTC which tells me there is more to them. Playing in BTC pairs and being hedge is probably better.

Trade closed: stop reached:
Both FLOWUSD and FLOWBTC got stopped out. Very clean breakdown so far and nothing interesting at the moment for FLOW based on TA

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.