As stated before, there's extreme bullishness on $BTC.
Every influencer's excited & media is plastering a bull take.
They can be right but more often than not they are wrong and can be used as a contrarian indicator.
Things to notice:
#BTC shorts are @ their LOWEST in a year!
Money Flow is lessening.
Decent sell volume at the moment.
----------------------
Let's look at weekly data, chart shown.
Weekly
BTC shows that indicators are weakening.
(Indicators aren't primary means of trading but are used for HELP)
Let's compare #BTC to other time periods, shall we?
Are we more like early or late 21?
This is most orderly run since the introduction of derivatives.
Looks almost like an Index, interesting, sarcasm.
#Bitcoin #bitcoinhalving #ETF
Every influencer's excited & media is plastering a bull take.
They can be right but more often than not they are wrong and can be used as a contrarian indicator.
Things to notice:
#BTC shorts are @ their LOWEST in a year!
Money Flow is lessening.
Decent sell volume at the moment.
----------------------
Let's look at weekly data, chart shown.
Weekly
(Indicators aren't primary means of trading but are used for HELP)
Let's compare #BTC to other time periods, shall we?
Are we more like early or late 21?
This is most orderly run since the introduction of derivatives.
Looks almost like an Index, interesting, sarcasm.
#Bitcoin #bitcoinhalving #ETF
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.