Bitcoin 2D Still Weak Strength Snapshot
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1) Strenght Profile: BTC looked good on the daily for a few days (not anymore), so I'm still waiting for the 2D strength profile to turn green. That's what I'm waiting for since April 3rd. As you can see we are way oversold, yellow line was way below -1% already since May 5th and never above 0! When the strength profile turns green that would indicate an incredible buy for BTC, patience is key, in the meantime, follow me and I will update you when that happens.
2) Bull Bear Squeeze: Check the chart, you can see that the bears are still in charge and they have not been squeezed yet for the bulls to be back in charge.
3) Money Flow: The money inflow is slowly flattening out, loosing momentum, if it turns south (and potentially crossing the average) it won't be pretty.
For now, the Bitcoin 2D Strength Snapshot is still weak: Strength Profile 🔴 Bears in Charge 🔴 Money Flow 🔴
1) Strenght Profile: BTC looked good on the daily for a few days (not anymore), so I'm still waiting for the 2D strength profile to turn green. That's what I'm waiting for since April 3rd. As you can see we are way oversold, yellow line was way below -1% already since May 5th and never above 0! When the strength profile turns green that would indicate an incredible buy for BTC, patience is key, in the meantime, follow me and I will update you when that happens.
2) Bull Bear Squeeze: Check the chart, you can see that the bears are still in charge and they have not been squeezed yet for the bulls to be back in charge.
3) Money Flow: The money inflow is slowly flattening out, loosing momentum, if it turns south (and potentially crossing the average) it won't be pretty.
For now, the Bitcoin 2D Strength Snapshot is still weak: Strength Profile 🔴 Bears in Charge 🔴 Money Flow 🔴
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