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 and lessening buy volume for DAYS! Few warnings.
It was eventually followed by #bitcoin selling pressure.
-------
B
$ Flow indicator is a laggard, we keep eyes on an investment's volume on our own, visual. In this case we're looking at the #Bitcoin volume.
BTC had some buying but sells kept coming in.
These were likely sellouts from leverage & shorts.
Wont comment on Germany as spot #BTC is still irrelevant.
($ Flow was fine for spot and nowhere near as bad as futures, butBTC kept going down. Not sure what needs to be shown for people to realize that spot is IRRELEVANT until some time in the future.)
-------
C
2ndBTC phase is almost done.
Buys coming in and the sells are not as strong anymore.
It needs a lil more time but #BTC MAY/COULD be capitulating.
It holds 52kish weekly & monthly and we could see something nice. See the chart on #GOLD for the Cup and Handle breakout.
Have a great weekend!!!
(pls see profile for more info)
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 and lessening buy volume for DAYS! Few warnings.
It was eventually followed by #bitcoin selling pressure.
-------
B
$ Flow indicator is a laggard, we keep eyes on an investment's volume on our own, visual. In this case we're looking at the #Bitcoin volume.
BTC had some buying but sells kept coming in.These were likely sellouts from leverage & shorts.
Wont comment on Germany as spot #BTC is still irrelevant.
($ Flow was fine for spot and nowhere near as bad as futures, but
BTC kept going down. Not sure what needs to be shown for people to realize that spot is IRRELEVANT until some time in the future.)-------
C
2nd
BTC phase is almost done.Buys coming in and the sells are not as strong anymore.
It needs a lil more time but #BTC MAY/COULD be capitulating.
It holds 52kish weekly & monthly and we could see something nice. See the chart on #GOLD for the Cup and Handle breakout.
Have a great weekend!!!
(pls see profile for more info)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.