Hope everyone is great havent looked into crypto or stocks in months.
Be nice to see them let Bitcoin Rock back over $20,000 & get the whole market on fire again.
For 1st time in history, $BTC 200 DMA is above $10,000. @TIPMayerMultple is 0.92 ($9,212/$10,004). Plenty of market liquidity. 7 network effects are in full swing. 200 DMA #Bitcoin market capitalization is about $170B!! Long-term trend is very clear, strong & sustainable. 💪
Update on this one. Currently bouncing on the neckline of the Head & Shoulders.
If you deny the outliers of a few hours ago, there's also a falling wedge + bullish divergence on VERY small timeframes.
No guarantee. Have to see coming hours. $9.000 still in play.
GN. https://t.co/iZnPBHKi8e
@saidARMANI@parabolictrav $BTC is a Lamborghini with it's gas pedal welded to the floor. Just as long as theres gas in the tank (fiat conversion) she goes like a bat out of hell.
As mentioned, US markets are exerting influence over BTC, But also: US market hours rule BTC now due to futures. I have yet to see a large after hours move in BTC leading to a gap in futures open not being paid for. This weekend’s AH rally is being corrected to Friday close.
My point about CME weekend futures gaps is they act like a magnet for price. Once opened, price will eventually return back to the pre-gap close price. It seems that clean fills are also queue for turning points like the recent one below 7000. Watching this one at 8500ish closely
.@CMEGroup announces that 11,000 #bitcoin contracts traded yesterday ($500 m USD in notional value) and 1,200 accounts have now traded the contract. Institutional $ is arriving.