This is my favorite indicator for a macro lense. As you can see by the CM Super Guppy Indicator; and the VWAP something very interesting is happening that you cannot fade. First off you'll notice we are over the VWAP for the first time in months, but when layered over the Super Guppy Indicator you can see thats it's very hard to deny these moves in either direction. People will tell you to short this all the way up and it really makes you wonder. Also, 18500 was a serious level that was defended for 6 months and was only pushed slightly lower when the news of the FTX scandal hit. The very fact that within 6 weeks bulls we're able to reclaim this territory is not something to be faded. So yeah, until i am proven otherwise i am very bullish on Bitcoin
Comment:
As you can now see NGU: we are confirmed bull territory. Also realize markets are no longer being held down by FTX manipulation and the effects of the scandals are evidently priced in
Trade active:
bears roasting
