BTC futures basis has completely bled out from 30% earlier this year to ~5% now.
The bottom is in!
#Bitcoin Considering it's a bullish pennant
https://www.tradingview.com/x/ZbyTpHGo/
As said these movements look like shit tho -- stay away from trading is highly recommended.
Читать полностью…I think the altcoins bottom is close to us. In my opinion 61~64% would be the top of #dominance during this cycle.
When the #dominance topped out, the altcoins bottom is in.
https://www.tradingview.com/x/AAGAdenY/
If weekly close above 61k we might see a new bullish cycle 🔥
https://www.tradingview.com/x/WBIJ1HnE/
BTC's 1% market depth on major exchanges is down over 40% since Aug 1, from ~$150M to $86M as of Monday morning
Читать полностью…#Bitcoin current support 62,3k the last castle of bulls is around 58,4k where I'm expecting a strong bounce and #Bitcoin continue its upward move.
https://www.tradingview.com/x/zKEqsODL/
2Q24 13-F filings for US spot Bitcoin ETFs revealed a rise in institutional inflows
Читать полностью…#Bitcoin is forming a triangle but it's hard to say what's next move due to the current instability in the market. This means we should just sit back and watch until the situation brightens up.
Key level to watch:
Resistance; 62,8 ~ 63,2k
Support; 56,9 ~ 57,3k
https://www.tradingview.com/x/gdhiULPh/
Digital asset investment products saw outflows for the first time in 4 weeks totalling $528m in what we believe is a reaction to fears of a recession in the US, geopolitical concerns and consequent broader market liquidations across most asset classes.
Bitcoin saw outflows totalling $400m, the first following 5 weeks of inflows. Ethereum saw outflows totalling $146m, bringing the net outflows since the ETF launch in the US to $430m.
A bigger picture if you want to have a look.
https://www.tradingview.com/x/dTXOH1wK/
Bitcoin dominance reached a high of 53.68% yesterday, its highest level in three years since April 2021
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