magnustrade

Bitcoin Commentary

magnustrade Diupdate   
BNC:BLX   Bitcoin Liquid Index
Not super bullish, but we can't break 6k it seems, shorts ATH shows sentiment is bearish but futures are in backwardation which is a buy signal.

I'm flat

The bottom may very well be in but there is no telling.
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Closed bullishly over night
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Shorts closing, cloud thinning and almost looks like its flipping
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Daily cloud is resistance until it isn't
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Interesting here we have the basis has not changed even though price has gone up, people don't believe in this rally
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Chop city, still bearish af
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If the vstop turns bear, well, 6k might actually fall this time, im in cash, have no idea whats going to happen
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buuut cnbc futures just posted a bearish trade...
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i think i will buy the next daily buy signal
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vstop gives a nice simple way to see what the trend is, currently bear trend until breaking 11k

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Monthly bbands showing the bottom is getting closer, might go sideways for a few months

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we might go up and bull trap people but i still think 4k's is possible
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Big move coming, can feel the tension. But sideways for another month would be amazing.

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Basis is showing a sell
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shorts are getting out of hand here
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monthly bollinger bands showing we are at the bottom

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Im noticing that the basis is not going into backwardation this time....
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Shorts decreased quite a bit

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Lonmgs taking over shorts


Looking for an entry
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rsi broke up
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this looks bulish to me
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broken neckline and closing outside, MA's bullish

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