BTC futures dictate price, people still don't get it
Since the price action reversal on
BTC
it has been struggling.
(also sold
ETH
&
LTC
few days later)
There is way too much positivity in this space for what's happening.
#bitcoin is at the top portion of the gap, but may not hold and will likely fill & trade lower.
We have been huge proponents of using futures data vs spot #BTC
If you only use spot
BTC
you're at a disadvantage
RSI looks similar but look @ $ flow
Futures #BTC showed cracks in mid/late December
#Bitcoin Fibonacci
50% from RECENT trend low = 37k
50% from 12/22 low = 32
BTC
it has been struggling. (also sold
ETH
&
LTC
few days later) There is way too much positivity in this space for what's happening.
#bitcoin is at the top portion of the gap, but may not hold and will likely fill & trade lower.
We have been huge proponents of using futures data vs spot #BTC
If you only use spot
BTC
you're at a disadvantage RSI looks similar but look @ $ flow
Futures #BTC showed cracks in mid/late December
#Bitcoin Fibonacci
50% from RECENT trend low = 37k
50% from 12/22 low = 32