When NVT (bottom graph) turns green in history it starts an upturn in the bitcoin cycle
we are not far from it.
4400 btc price is what I'm expecting to be the bottom as it hits the historical yope as it has with EVERY halving.
just my opinion of course but its been the same twice before,
btc price reaches the bottom of the yope channel around 4300
NVT dropping into pre bull area?
Green in the NVT shows a bottom and pre bull run in Bitcoin history
4.5k to 5.2k could bring the NVT lines to that level
it may do the same this time?
BUT it looks like futures may have turned bitcoin into an asset!
Bitcoin has become an asset
S&P 500 compared to Bitcoin.
I think from now on by way of futures bitcoin will follow stocks!
p.s the moon ( Karl ) on youtube is posting so much shite twice a day I think he may be mentally ill.
would you take financial advice from a virgin with no education at all?
Looking to add to my short if this wedge breaks which I can see happening in the next 24 hours. if we break up, which I doubt as it’s been tested many many times and failed, I will look at closing the rest of my position and going long but as I said I doubt this resistance is gonna break. Short from $10,400
to be clear, and not look at youtube knobheads....
the BLX on Weekly or daily time frames with YOPE on log shows we are just heading to the LONG term bottom line like many times before. more blood? probably but it might hug that line for another 8 to 12 months.
Share this. it's normal!!!
the wilder ups and downs since the last ATH to now from pervious bear...
all indicators have floored
IF we hold this support ( i say IF!) this triangle should be your next trading channel
IF WE CARRY ON DOWN, I THINK WE COULD HAVE A VERY BAD FEW MONTHS AHEAD
IMO, The institutional money is getting pulled out to cover loss from stocks
people were praying for that money to come in, now you can see why it is actually dangerous
“Make it simple, make profit”
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for March 10th .
Yesterday's 30-minute salary chart.
It was a neutral strategy
In the long position entry position,
Vertical fall occurred.