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EssentialYesterday CRYPTOCAP:BTC formed a BEARISH ENGULFING. We've spoken on this pattern countless times. However, we didn't bring it up because we didn't/don't think it's relevant. WHY? Look at the paltry volume. Bitcoin volume is SUPER LOW. BTC is still in Bullish mode from Late 2022. --- We turned Bullish again on CRYPTOCAP:BTC around early April: A) We saw that...
Found the article speaking about a coming move in $ETH. CRYPTOCAP:BTC was the largest position in the account until we increased our CRYPTOCAP:ETH position. We made it the largest position in the account a few days ago. We had also increased our Crypto holdings, we added CRYPTOCAP:SOL & CRYPTOCAP:XRP , leveraged ETFs. We stated, not long ago, that...
Usually very busy on Thursday, volunteer work, & didn't find the post on us being bullish on CRYPTOCAP:ETH while many have soured on it. Targets? Purple Arrows! We bought leveraged ETF AMEX:ETHT CBOE:ETHU very close to the recent lows.
So, we redrew the trendlines a few days ago and this is where the 10Yr currently stands. Bond Yields should give some sort of direction within the next handful of days. Be ready. TVC:TNX Interest Rates
Daily The TVC:DJI has done well since April & we noticed a sentiment change. This is why we turned bullish. Only problem? Lack of volume. We can see that volume stayed under the pink dots. This is an average of 90 days. We can also see this by the Money Flow. As of now the lowest peak since mid March on this indicator. --- Weekly The TVC:DJI RSI hasn't...
10 Yr Bond yields seem to have topped after that massive 1 week run. That was an impressive run! TVC:TNX Even though the downtrend was broken, the 10Yr Yield put in a LOWER high. We can also see that the recent uptrend was violated, back in a down trend. Short term interest rates look worse!
The Dow Jones TVC:DJI is breaking out today. RSI is looking better. However, the buy volume is weak. Looking at the money flow reveals this.
How long have we been saying this? Yet the masses have not grasped this concept. Neother have influencers. But that makes sense because they need clicks to survive. People tend to "graze" where pasture seems greener, even if it isn't. CRYPTOCAP:TOTAL 3 = NO CRYPTOCAP:BTC or CRYPTOCAP:ETH Altcoins have been in a steady incline since Nov 23. Daily The last...
Interesting chart on GOLD futures. Always wise to WAIT until end of day/week. Daily Chart Heavy selling has not meant much BUT the movement today is....... different. Weekly Chart RSI is not bad but it is weaker than Oct 24. $ Flow is down a significant amount compared to last top.
Not looking to toot horn but, did we state anything about buying CRYPTOCAP:BTC or CRYPTOCAP:ETH until recently? NO! (pls see our profile for more info on that) We have been analyzing Bitcoin & Ethereum and posting suggestions. But until recently we did not state any buy recommendations. In fact, om March 25th we stated that there would be a big move coming...
We believed that interest rates were going higher in Early April/Late March. The Bullish Engulfing formation was a sign that higher interest rates were coming TVC:TNX The 10 Yr Yield Downtrend was broken, it retraced some, we posted that it was likely consolidating, & seems to want to go a little higher. Central Banks worldwide are lowering rates while the US...
Let's add a bit more to the previous CRYPTOCAP:BTC post we made. #BTC closes Friday anywhere around here, it's MEGA BULLISH! Officially breaking the downtrend on weekly Volume not great but enough to keep moving, 1 more day left! RSI is looking good. Money Flow also looks good, never dissipated. Our #Bitcoin November call coming into fruition, Again, look @...
CRYPTOCAP:BTC , what are you doing? Does our #BTC chart remind of anything we have posted before? Do a search for our #Gold charts pre 2024 on X! #Bitcoin is preparing to breakout!
Daily The TVC:RUT looks okay, slowly grinding higher. Spreading the chart out, it's still forming the, usually bullish, Inverse Head & Shoulder pattern. Had this on a daily & weekly but the chart we see here is for the monthly (see profile for more info on where to get more data) it is easier to see the pattern on the Weekly chart. Interesting. However, we see...
CRYPTOCAP:BTC is at a VERY IMPORTANT level. This area has been an issue for the last few YEARS. One thing to notice is that #BTC volume is WEAK, look at yellow box. Do you notice that volume is UNDER the white line? That line is an average. This means that the recent volume is below average for 90 days = LIGHT. This could be because sell volume has been light....
CRYPTOCAP:BTC has touched the DOWNTREND line six times these past few weeks. This tends to be bullish as the more times it hits the weaker the downtrend gets, eventually giving way to a rally. This #BTC peak is very different than the last two, by far. Worth noting, the longer it consolidates the BIGGER the move is likelier to be. #Bitcoin needs GOOD volume to...
Why did we take "take" some AMEX:BITX off the table??? For years this area has been tough, CRYPTOCAP:BTC , as seen on chart. Also, it's at the top part of downtrend. If #BTC sees some weakness & the STOCK doesn't get called away we keep the premium & life goes on. If it does, it's okay, we made an extra $1 compared to selling outright. #Bitcoin Pls see our...
#BTC was/is in a mild correction or consolidation phase. The RSI stayed above 50 which is VERY GOOD. Money flow remained in the overall scheme of things and still looks good. IMO this looks similar to #BTC during the 2018-20 setup phase. (Opened the chart to a weekly for a better view) But don't think we get a harsh dip like in mid 2020. #Bitcoin #crypto Pls see...