Bitcoin analysis using Chaikin Money Flow

Chaikin Money Flow is INTERESTING indeed!

You can tell when the top was forming.
Since then that top, we did call it, #BTC has struggled pretty bad with small pumps here and there.

However, look @ it now
CMF has been creeping higher, slowly.
We could be very close to a #bitcoin bottom.

Want to see CMF north of Zero.

Let's proceed with intraday data.

Focus on Blue Box for

Left side:
CMF cratered, showed warning signs early on, close to top.
We did warn before it happened, it was tough area for #BTC to break through. It used to be staunch support (now it's turned to resistance).

Right side:
That's a nice pump for #BTC CMF in such a small time frame, interesting indeed

Hourly
#Bitcoin shows ray of hope.

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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.

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