Bitcoin steady uptrend toward the $600B-650B range which is acting as a magnet as per confluence with several technical levels.
Trendlines provide a simple yet powerful way to visualise the health of the trend and it's invalidation structure.
Now. Treat these as guidelines not statements of truth. Treat everything as uncertainties and manage risk accordingly.
Make sure to check on my videos where I generally give my personal broader view on Bitcoin price chart along other interesting data points.
Trendlines provide a simple yet powerful way to visualise the health of the trend and it's invalidation structure.
Now. Treat these as guidelines not statements of truth. Treat everything as uncertainties and manage risk accordingly.
Make sure to check on my videos where I generally give my personal broader view on Bitcoin price chart along other interesting data points.
Note
I like to track the TOTAL3/BTC ratio as way to observe the strength of alts (excl. eth) against Bitcoin.
Alts having a rough time right now. Over time any positioning in them is basically losing value to Bitcoin.
Note
OTHERS marketcap vs BTC ticker with ongoing weakness but approaching major macro technical zone.
Not entire clear how OTHERS is composed but i think is basically a combo of MID+SMALL caps. Which is also good proxy for the market sentiment.
D7R
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
D7R
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.