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
Note
We reached $4,800! Congrats to all.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.