Weekly BTC shows SIGNS of bottom, why futures > spot
🚨GOOD NEWS!
1/
$BTC NOT out of woods but making case again
#BTC hasn't closed above weekly RED MOV since April
#BITCOIN consolidation 19k, as we called long ago
RSI Positive divergence
BUY VOLUME good, volume in general = good
Still think 24k on table
2/
Weekly #FuturesTrading $BTC shows what SPOT doesn't
IMO STOP USING SPOT #BTC as main source!
Volume shows NOTHING on spot
However, look at #Bitcoin futures
Volume picked up & good amount of buying
We're @ inflection point, very soon we'll see IF THIS IS BOTTOM
1/
$BTC NOT out of woods but making case again
#BTC hasn't closed above weekly RED MOV since April
#BITCOIN consolidation 19k, as we called long ago
RSI Positive divergence
BUY VOLUME good, volume in general = good
Still think 24k on table
2/
Weekly #FuturesTrading $BTC shows what SPOT doesn't
IMO STOP USING SPOT #BTC as main source!
Volume shows NOTHING on spot
However, look at #Bitcoin futures
Volume picked up & good amount of buying
We're @ inflection point, very soon we'll see IF THIS IS BOTTOM