MFI indicator suggests long for now
Updated
Simple MFI divergence (bespoke length set to 30 at 2hr) - Accumulation occurring before the expected events to turn bullish.
Next
- Similar pattern in April 7th (the weekend) Expecting to run along the bottom side of the channel then drop come Monday.
- Watching MFI for confirmation of this - drop (in volume) while RSI remains high. I'll reset and compare (length to 10 - 14 periods) to get clearer indication of whether it will break up or down.
Only in for 20% as we are still in the bearish channel + bearish mid-term - 4800. So no FOMO for me :)
Nice to have some relief for the Crypto TV crew.
Best, Hard Forky
Next
- Similar pattern in April 7th (the weekend) Expecting to run along the bottom side of the channel then drop come Monday.
- Watching MFI for confirmation of this - drop (in volume) while RSI remains high. I'll reset and compare (length to 10 - 14 periods) to get clearer indication of whether it will break up or down.
Only in for 20% as we are still in the bearish channel + bearish mid-term - 4800. So no FOMO for me :)
Nice to have some relief for the Crypto TV crew.
Best, Hard Forky
Note
Note - This is Binance BTC / USDT so data may vary for some - Bitfinex is no longer the biggest player in the BTC market.
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