Hello my dear readers,
I was doing an analysis of Bitcoin for my VIP's and found some interesting things.
(On a Weekly Time Frame)
The most interesting is that the Money Flow Indicator recently increased to a level that was not seen since January 2018, indicating huge buys are taking place- without much price movement.
Another interesting find is while bitcoin volume is going down, money flow is increasing. All of the weak hands are mostly out by now.
Remember those $500-$1000 daily price movements in Bitcoin? They will be back again, this time, more room is on the upside.
If $4800 breaks, we could see $6k/ BTC once again.
(This analysis was done using a weekly time frame chart)
What do you think? Is the huge increase in money flow while prices are relatively stable a bullish sign? In my opinion- yes.
If you enjoyed these finds, please remember to follow, like and comment for more as time goes on!
-Shaggad
I was doing an analysis of Bitcoin for my VIP's and found some interesting things.
(On a Weekly Time Frame)
The most interesting is that the Money Flow Indicator recently increased to a level that was not seen since January 2018, indicating huge buys are taking place- without much price movement.
Another interesting find is while bitcoin volume is going down, money flow is increasing. All of the weak hands are mostly out by now.
Remember those $500-$1000 daily price movements in Bitcoin? They will be back again, this time, more room is on the upside.
If $4800 breaks, we could see $6k/ BTC once again.
(This analysis was done using a weekly time frame chart)
What do you think? Is the huge increase in money flow while prices are relatively stable a bullish sign? In my opinion- yes.
If you enjoyed these finds, please remember to follow, like and comment for more as time goes on!
-Shaggad
Nota
We reached $4,800! Congrats to all.
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.