Thursday 24th April 2025
Monthly Index Chart
I've been watching this and at the start of the month the current TD Green 1 candle was a TD Red 2 which was bearish which has now turned bullish!
We are still in the channel so we are still overall in a bullish trend.
The support line at $72k has held.
This could be a sign it might be the right time to get back in and start accumulating again. Buy dips with extreme prejudice. Time to be in like Flynn.
The 9 Month MA has held as support.
Money flow is decreasing, to the zero line, but may turn.
BTC ETF inflows are curling up where as at the start of this month there was massive selling the first 10 days.
Hashrate continue to climb but no buy signal or miner capitulation since July 2024.
MACD is still climbing.
VZO PZO still in a firm bull trend.
CCI has cooled off but looks like it wants to curl back up.
Overall I am still bullish and it appears BTC has turned a corner.
Keep sailing the high seas crypto pirates.
Snake Plissken signing out.
Monthly Index Chart
I've been watching this and at the start of the month the current TD Green 1 candle was a TD Red 2 which was bearish which has now turned bullish!
We are still in the channel so we are still overall in a bullish trend.
The support line at $72k has held.
This could be a sign it might be the right time to get back in and start accumulating again. Buy dips with extreme prejudice. Time to be in like Flynn.
The 9 Month MA has held as support.
Money flow is decreasing, to the zero line, but may turn.
BTC ETF inflows are curling up where as at the start of this month there was massive selling the first 10 days.
Hashrate continue to climb but no buy signal or miner capitulation since July 2024.
MACD is still climbing.
VZO PZO still in a firm bull trend.
CCI has cooled off but looks like it wants to curl back up.
Overall I am still bullish and it appears BTC has turned a corner.
Keep sailing the high seas crypto pirates.
Snake Plissken signing out.
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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.