CRYPTOCAP:BTC & CRYPTOCAP:ETH look almost identical the last few days, that is pretty interesting.
However...
Stretch the chart out a bit and it is a very different story. #BTC outperformed #ETH by a decent amount.
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Both CRYPTOCAP:BTC showed upcoming weakness. However, Futures #BTC Money Flow went below 0 & stayed...
Futures CRYPTOCAP:BTC has sold off and currently at 2 support levels. One of these is the blue moving average.
However......
If you prefer spot #BTC analysis, we can see that #bitcoin is already trading underneath all moving averages & showing extreme weakness.
Which one is correct?
Probably the most popular Stock Exchange Traded Bitcoin Trust at this time, AMEX:GBTC has started a consolidation that may turn into a small triangle formation. Triangles are a form of a consolidation that can work to pattern out excessive price gains without a run or correction down.
This is the weekly chart where we can see that GBTC is now above its previous...
CRYPTOCAP:BTC Futures
Broke the small triangle pattern it was in & now it's in the larger one.
Don't think it'll be August by the time it breaks, wither up or down.
RSI is weak but the $ flow is better.
VS
#BTC Spot
It is in a channel pattern.
Bearish Moving Avg Crossover.
Trading under the blue Moving Avg.
Final charts show what could be if #bitcoin topped,...
Welcome to a pivotal moment in the Bitcoin market! As we witness the launch of several spot Bitcoin ETFs, including giants like Fidelity's FBTC, Bitwise's BITB, and Franklin Templeton's EZBC, the landscape of cryptocurrency investing is evolving before our eyes.
First-day volumes paint a promising picture, with funds that 'Buy Bitcoin' directly, such as FBTC...
Hello everyone, I figured I would do an updated chart on LTCN. My previous chart played out as predicted so far.
So, LTCN is in a clear breakout. Local top is coming around $30 with a possible 50% correction back down to $15 at that time. Coincidentally after the current cup and handle plays out, this correction will be forming a much larger cup and handle...
CRYPTOCAP:BTC is currently breaking to the upside.
#BTC RSI is very good, also breaking to the upside.
Volume is the only thing lacking.
What we just said for #Bitcoin also applies to $ETH.
#ETH #ethereum
Its look like we are going to new bear market
In btc Am not sure of this
But this analysis shows gbtc already topped
By fake breakout of triple top
And 3 tops on volume bars
Also every time on tops volume on gbtc going to much high
So were we are going?
We will get correction
In volume or in prices and volumes
Gbtc volume down but prices going up = bullish...
Opinion:
CRYPTOCAP:BTC is likely forming a short term top.
Top is March 14th.
We've posted that consolidation takes anywhere between 1-3 months on average.
1 month from top would be April 13th.
Coincidentally, it's where the end of the #BTC pattern would break.
Sell signs signs have been there, RSI & $ Flow have been...
Good Morning!
CRYPTOCAP:BTC made a nice stand at the first level of support. Spot & Futures #BTC are looking good at the moment.
Let's see how RSI moves.
If the RSI breaks the current downtrend, last chart shows what needs to happen, then it is confirmed we're back in #bitcoin bull mode.
#crypto
Traders,
I've been reading that the second round of GBTC outflow, which contributed to the selling pressure recently, is drying up. This pattern on the 4 hour chart will either confirm or deny this rumor.
You can see the inverse head and shoulders pattern drawn. A break to the upside would target our previous high almost exactly. A failure to break the neckline...
Good Morning
This is certainly an interesting situation for $BTC!
Perhaps #BTC may hold this area for 2 days, or more?
Still think bias is more towards the downside BUT this could be an area of consolidation, why not?
Spot #bitcoin charts are all over the place. This makes it harder to make calls on spot charts.
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CRYPTOCAP:ETH ...
CRYPTOCAP:BTC volume is NOT heavy, small amounts of buying, mostly selling.
Shorting is at the highest levels since October.
People are/got FLUSHED. This is VERY healthy as it gets rid of greed.
#BTC could take 1-6 months to resume up trend,
Weekly chart shows #bitcoin forming a DOJI last week. 50-60k possible bottom process, we...
So, CRYPTOCAP:BTC price action, not shocked!
Posted few times recently (See profile for more info) that we were selling (personal as well) small amounts of #crpyto as it went higher.
#BTC was showing signs of weakening.
WARNING signs to take SOME profits off.
If you didn't:
A) You're a long term hodler & rarely sell. In that case, shhh!
B) Trader? That's your...
GOOD MORNING
The CRYPTOCAP:BTC RSI is weakening further as it hits 74k.
The closer it gets to 80-100k the more risk rises.
#BTC is due for another correction/consolidation, IMO.
#Bitcoin $ Flow is still decent so, IMO this is not the top.
A)Shows RSI peaked & Selling begins to come in.
EURONEXT:FLOW was NOT strong at all.
B) Volume is light before picking...
HELLO TRADERS
GBTC is now getting investors getting attention from around the world and now it's really early times like Crypto was in 2010 ... this can be an easy target for generating worth by grayscale with hold more and more BTC in this year bitcoin price is boosting again above 44k $ it's just a trade idea make a proper analysis be for any trading share Ur...
Posted this elswhere(see profile here for more info) last night:
RSI is falling on For CRYPTOCAP:BTC Futures & Spot
#BTC Money Flow does look better on Futures vs Spot
The #Bitcoin weekly, last chart, looks VERY interesting. We have spoken on this possibility already. The Inverse Head & Shoulder Pattern - Tends to be very bullish.
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Today
This is why you...
