Bitcoin analysis using Chaikin Money Flow

15 Jun 2023

BTC Chaikin Money Flow is INTERESTING indeed!

You can tell when the top was forming.
Since then that top, we did call it, #BTC has struggled pretty bad with small pumps here and there.

However, look @ it now
CMF has been creeping higher, slowly.
We could be very close to a #bitcoin bottom.

Want to see CMF north of Zero.

Let's proceed with intraday data.

Focus on Blue Box for BTC

Left side:
CMF cratered, showed warning signs early on, close to top.
We did warn before it happened, it was tough area for #BTC to break through. It used to be staunch support (now it's turned to resistance).

Right side:
That's a nice pump for #BTC CMF in such a small time frame, interesting indeed

Hourly
#Bitcoin shows ray of hope.