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.
𝑷𝒂𝒊𝒏 𝒑𝒐𝒊𝒏𝒕𝒔 𝒐𝒖𝒓 𝑽𝑰𝑷 𝑶𝒑𝒕𝒊𝒐𝒏𝒔 𝑨𝒍𝒆𝒓𝒕𝒔 𝑺𝒐𝒍𝒗𝒆𝒔:
1. Not knowing when to take profit
2. Holding trades for too long
3. Buying a overpriced entry point
4. Being stuck in a trade
Join here: moneygroup.us
1. Not knowing when to take profit
2. Holding trades for too long
3. Buying a overpriced entry point
4. Being stuck in a trade
Join here: moneygroup.us
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
𝑷𝒂𝒊𝒏 𝒑𝒐𝒊𝒏𝒕𝒔 𝒐𝒖𝒓 𝑽𝑰𝑷 𝑶𝒑𝒕𝒊𝒐𝒏𝒔 𝑨𝒍𝒆𝒓𝒕𝒔 𝑺𝒐𝒍𝒗𝒆𝒔:
1. Not knowing when to take profit
2. Holding trades for too long
3. Buying a overpriced entry point
4. Being stuck in a trade
Join here: moneygroup.us
1. Not knowing when to take profit
2. Holding trades for too long
3. Buying a overpriced entry point
4. Being stuck in a trade
Join here: moneygroup.us
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.