Let's look at rates for a bit. Short term #yield is slowly climbing the trend line. 1 & 2 Year. Longer term #interestrates look similar to the short term. 10 & 30 Year. US #Dollar not as strong as bond yields but it is trading similar to them. TVC:TNX TVC:DXY
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
Good Morning! CRYPTOCAP:ETH Futures did not form a bearish crossover while Spot did form one. #ETH Futures shows it bouncing at the longer term moving avg & then close above the support line, yellow. Compared to Spot #ethereum which is all over the place. IMO still relevant to pay more attention to derivatives, like Futures. #crypto
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. ------------------------------- 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...
$QQQW is the equal weight NASDAQ:NDX and it is at an all time high, forming a cup. The question is, "Will it form the handle & breakout"? TVC:RUT is in an uptrend but facing trouble at resistance. This shows that breadth is not as bad as they paint it to be. However, it could be a lot better. AMEX:IWM
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...
NASDAQ:PYPL looks as if it wants to bottom. It surely has taken a beating. Took a position in it a few days ago, waited for earnings. Could be a good turnaround story with activists. First time, since the last 4 earnings that it didn't go lower on announcements. Would like to see this close above 66. That would be a nice confirmation. This could be like our ...
We hear that CRYPTOCAP:BTC runs 1st. Then CRYPTOCAP:ETH follows. Then #altcoins lag showing the biggest gains. Let's see how true that is Early 2021 Chart: 1 Extended #BTC a little bit more on the left to show that there was a run already in progress. 2 #Bitcoin led the rally & it also TOPPED earlier. Took #ETH a little longer to run. It topped later. It...
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. --- Today This is why you...
1st CRYPTOCAP:BTC chart shows the arrows pointing to the highs of this morning. 2nd #BTC chart shows where it is at the moment. This shows us that Spot #bitcoin is correcting itself and catching up to Future's price action. Futures $ Flow broke the downtrend & is rising. Bullish. Spot $ Flow is pretty even. But just like price action, this will likely...
To the untrained eye, CRYPTOCAP:BTC does look like a double top, but in reality it would be closer to a Triple Top, if anything. Peaks are higher & we're trading ABOVE resistance levels. IMO there is NO #BTC double top! Yesterday #Bitcoin formed an OUTSIDE DAY (this is a so so pattern) $ Flow is not great but the RSI is still...
We've been expecting #InterestRates to be cut. Here's the counter argument to that... Economy not slowing down. Bigs are getting bigger. Labor market is tight. People are working 2 to 3 jobs. Expected payroll raises in the near future. Expected increase in prices by businesses. Rent and housing prices are still rising, for the most part. Oil is trending higher....
INTERESTING divergence happening at the moment with $BTC. #BTC Spot has RSI falling & sells beginning to pour in. #Bitcoin Futures has a strong RSI & some, light, selling. Wont comment on $ Flow today but will say that both paint slightly different pictures there as well. Weekly shows WHY this area will be tough. This area will not break easy. HOWEVER, IMO,...
Current charts (not shown here, this is a weekly chart, se profile for more info) CRYPTOCAP: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...
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...
Markets may remain irrational for an extended period of time. This can happen even when data conflicts. For the moment on the daily TVC:DJI : RSI is weakening. $ Flow is lower, but it is stable. Buys slightly outpace the sells since Mid January. (Only weekly is shown here. Pls see our profile for more...