CRYPTOCAP:BTC was weak after we called top. We turned bullish on #BTC right around the most recent lows. We sold ALL our #Bitcoin ETF's at the beginning of this week as it was getting closer to resistance and the RSI & $ Flow are weak. Weekly chart shows that the downtrend is still intact. We posted the last chart some time ago. Our analysis is looking more &...
#Bitcoin peaked "yesterday" morning. So far today it is holding the RED Mov Avg, arrow. We see 3 bullish moving avg crossovers shown by the circles. Volume has been mostly selling, but holding well. Interesting to say the least. CRYPTOCAP:BTC RSI is a tad weak, which is concerning.
Not one to brag but....... TO THE DAY!!!!!!! How long, how many months, have we been posting this chart with phase 1 and phase 2 of #BTC??? Well, first let's see where CRYPTOCAP:BTC closes today. But so far it is looking good at a close on the EXACT day of phase 2. FYI #bitcoin volume is pretty good and still a lot of time left untill the end of the day. #crypto
Just a hunch on $BTC. We bought ETF's on this last dip. IBKR only allows 10% crypto. May begin buying spot again as we sold close to top. First an explanation on a 4Hr #BTC chart broken down into 3 phases (Letters A - C) A The descending arrow shows $ Flow weakening. There were huge buys but sells were eating it up. That was a RED FLAG. We spoke about divergence...
Good Morning!!! CRYPTOCAP:BTC is still in a range. It is currently higher from repurchase but not it is not going up in strength, trading this portion unless we see a change. What is needed to turn fully bullish on #BTC? RSI over 50, which is the orange arrow. $ flow positive trend, which is the grey arrow. #Bitcoin has 2 more weeks before the 6 month, 2nd...
We have been showing this for some time now, couple months or so. This scenario is looking more and more likely as the days pass on.
In less than one month it will be 6 months when CRYPTOCAP:BTC topped. Historically, this has been an important time frame for the asset. #Bitcoin is getting to the major support level faster than anticipated, yellow line. The time between big cyan colored arrows is IMPORTANT. #BTC close to oversold & TONS of $ has been taken out. Getting closer to a bottom.
CRYPTOCAP:BTC retested the all time high & then sold off, as expected. The 2nd phase is the more important one and it is right around the corner. In a previous post we mentioned 3 and 6 months from ATH was a pivot point. #BTC will likely keep selling off until it reaches major support & that area is a is do or die time, represented by cyan arrows. #Bitcoin...
Turned bullish on CRYPTOCAP:BTC during the beginning of May. Futures #BTC looks good but the volume is lacking a bit. RSI looks okay but not great. $ Flow is not that great either. Spot #Bitcoin = ditto. However, technically they look good, they are trading above their respective moving averages. What would seal the deal? HUGE volume breaking highs!...
Tweaked the CRYPTOCAP:BTC chart. It really needed updating. Fixed the colors too! #BTC is 2 weeks away from the end of what we called, phase 1. In my opinion, it's going to move SOON. #Bitcoin breakdown: The moving avg crossover, yellow circle, is bullish. Cyan circles show bullish signs; RSI above 50 Money Flow is above 0 ------------------------- Bonus...
CRYPTOCAP:BTC has been looking better as of late. The 1st phase we spoke about is almost done! #BTC shows a successful GREEN Moving Avg test, two weeks ago. Final #Bitcoin chart shows the reduced $ flow & the RSI not as strong as it was last time it was at these levels = Bull is not dead but it is not as strong as before. In no way does this mean that 100-110k...
This is part of the previous post.... CRYPTOCAP:BTC roadmap, IMO. #BTC has issues in the 65k area, this is more than OBVIOUS. When this breaks, it'll likely be FEROCIOUS! Furious move... #Bitcoin will likely hit our low 100k target, and fast.
CRYPTOCAP:BTC is in an obvious downtrend. THE QUESTION is, "when will it reverse course"? #BTC will most likely change course before the end of one of the phase that we posted. #Bitcoin Phase 1 is a total of 3 months. Phase 2 is a total of 6 months. Purple vertical lines. We already hit oversold a few days ago. IF we retest the lower range we want an RSI...
Spot CRYPTOCAP:BTC shows a beautiful, forming an almost perfect, inverse head & shoulder pattern. This pattern is best for determining bottoms but it can also work at other time periods, but not with the same validity. However, IMO don't think #BTC will form it completely. Why? IMO unless something crazy happens don't see #bitcoin going sub $40k or even...
Today we see CRYPTOCAP:BTC breaking a major support level. Unless there is a turnaround this means that 52kish is likely next. Weekly #BTC at the green moving avg. Historically, this has not been the best gauge, but it has been "okay". The last 2 charts show the trajectories we expect(ed) for #bitcoin to follow through.
#Bitcoin "Sell off" - Why ? Firstly, it is all a very well measure correction, what is sold, is bought up. SO, This CORRECTION of Bitcoin is NOT panic selling, as supported and shown by by the most excellent @_Checkmatey_ and @_checkonchain via X OnChain data tells us what is Really happening. We are seeing more the continued movement of GBTC stock. The...
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...
#Crypto has also done well since the call for a rally. CRYPTOCAP:BTC futures (as usual, pretty consistent, no?) show the better data. #bitcoin held the Moving Avg & support underneath. Spot traded beneath Mov Avg, showing a false breakdown. CRYPTOCAP:ETH bounced, like it's bigger brother. It looks stronger on Futures vs Spot. #BTC Shorts covered. #ETH had...