Very Interesting Finds Spotted in Bitcoin Chart- $4800 Target!!
Hello my dear readers,
I was doing an analysis of Bitcoin for my VIP's and found some interesting things.
(On a Weekly Time Frame)
The most interesting is that the Money Flow Indicator recently increased to a level that was not seen since January 2018, indicating huge buys are taking place- without much price movement.
Another interesting find is while bitcoin volume is going down, money flow is increasing. All of the weak hands are mostly out by now.
Remember those $500-$1000 daily price movements in Bitcoin? They will be back again, this time, more room is on the upside.
If $4800 breaks, we could see $6k/ BTC once again.
(This analysis was done using a weekly time frame chart)
What do you think? Is the huge increase in money flow while prices are relatively stable a bullish sign? In my opinion- yes.
If you enjoyed these finds, please remember to follow, like and comment for more as time goes on!
-Shaggad
I was doing an analysis of Bitcoin for my VIP's and found some interesting things.
(On a Weekly Time Frame)
The most interesting is that the Money Flow Indicator recently increased to a level that was not seen since January 2018, indicating huge buys are taking place- without much price movement.
Another interesting find is while bitcoin volume is going down, money flow is increasing. All of the weak hands are mostly out by now.
Remember those $500-$1000 daily price movements in Bitcoin? They will be back again, this time, more room is on the upside.
If $4800 breaks, we could see $6k/ BTC once again.
(This analysis was done using a weekly time frame chart)
What do you think? Is the huge increase in money flow while prices are relatively stable a bullish sign? In my opinion- yes.
If you enjoyed these finds, please remember to follow, like and comment for more as time goes on!
-Shaggad
Congrats to all.