As stated before, there's extreme bullishness on $BTC.
Every influencer's excited & media is plastering a bull take.
They can be right but more often than not they are wrong and can be used as a contrarian indicator.
Things to notice:
#BTC shorts are @ their LOWEST in a year!
Money Flow is lessening.
Decent sell volume at the...
Am seeing a ton of bullishness on CRYPTOCAP:BTC at the moment.
Extreme bullishness is okay but one should always take caution.
Keep in mind that volume has NOT been optimal but there was a bump not long ago. We're not changing anything and still long #crypto at the moment.
Let's see how #BTC reacts the next few days. Would like to buy some more on a dip.
I spent some time analyzing the post-ETF Bitcoin charts today and came up with some rough price predictions for the next 3 months. Currently the ETF inflows lead to a 2% increase in price per day, which is about $1000 per day. Most of the increase is taking place during the settlement period before US market opening.
It seems to me that you can trade that...
CME: Micro BTC Futures ( CME:MBT1! ), Micro ETH Futures ( CME:MET1! )
This Monday, bitcoin jumped above $49,000 for the first time in a year, and quickly extended its gains and broke through the $50,000 level. By Wednesday, bitcoin shot up again, pushing above $52,000 in morning session.
In the past few months, the benchmark cryptocurrency has experienced a...
Good Morning
Let's see how CRYPTOCAP:BTC handles this next resistance level. Currently it is above.
Assets, not #Dollars!
Where are can you put your hard earned $???
Into #equities with high PE's?
Into #commercialrealestate?
#BTC #Bitcoin
#GOLD & #Silver as well as they have stood the test of time.
CME:BTC1! CRYPTOCAP:BTC needs to hold 45.6k for bullish sentiment to challenge all time highs.
Currently CRYPTOCAP:BTC has broken GETTEX:52K and if a retest hold's at 48.5k this would be extremely bullish for Targets to 58k, 65k and ATH 69355.
While this is the larger picture, there are moves on smaller time frames allowing entry for trades or building...
Bitcoin is known as digital gold. It is treasured as an investment asset. Much like the famous yellow metal, bitcoin (“BTC”) does not offer income through dividends or interest. This poses a challenge for investors seeking regular cashflows and income.
One strategy that skilled investors use to turn BTC into an income generating asset is the cash and carry trade...
Attention! 🚨
This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck! 📈💼🚀 I
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I wouldn't too excited in here, all these ETF drama will end and late comers will be exit liquidity as usual. Better hedge my longs on my alts with BTC short. We should understand that all of these ETF buys from big funds are just a show and real smart money will not buy in these levels. We have CME gap left around $20k area so we will probably visit there.
Bitcoin, a decentralized digital currency, offers several benefits that have contributed to its popularity and adoption. Here are five key advantages of using Bitcoin:
1. Decentralization and Security:
Bitcoin operates on a decentralized network, meaning it is not controlled by any single government, institution, or individual. This decentralization reduces...
2.12.24 Bitcoin has had a very bullish Wing going higher and I explained that in the video. But I would be looking for some sellers and a correction lower. If you're a buy and hold kind of trader I could understand why you would hold on to your position.
Daily Candle closed above neckline on inverse head and shoulders.
To calculate Price Target
Height of head to neckline (Price Difference) x 2 = Price Target
Set stop loss accordingly :)
After a long journey, the first spot bitcoin exchange-traded funds (ETFs) were approved in the United States of America. This is the latest step on the path to bitcoin, and digital assets more generally, becoming mainstream. To help clarify how this chain of events unfolded, and where the story could go next, this is an edited summary of a discussion with Ryan...
Today Bitcoin closed the day at 47,770, which is the highest close (moving up) since March 2022, almost two years ago.
➖ The daily session wicked to hit as high as 48,505 —February 9, 2024.
➖ January 11, 2024 —Bitcoin peaked at 49,435 on a wick, with the session closing at 46,350.
I will not go into all the details but the dynamic between Bitcoin's price, the...
Yesterday, CRYPTOCAP:BTC broke out of the symmetrical triangle we had spoken about two days ago
Today;
#BTC RSI is breaking out of downtrend it's been in.
Money flow pumped higher for #Bitcoin over last 2 days.
All this has happened while the volume is lower.
This can only mean one thing....... that is a lack of sellers.
We're still bullish on #crypto
48k...
