BTC1! - Daily - "Bull Bias With Caution"
Click Here🖱️ and scroll down👇 for the technicals, fundamentals and more behind this trade!!!
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///////👍✋Not financial advice, do your own due diligence ✋👍////////
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➡️Technical Standpoint⬅️
1.) Bitcoin is creeping upwards and trading between fibs at this time. A close and hold above the 3.618 fib would signal a move to higher targets.
2.) Based on the social activity indicator, and general formation of the movement, looks like BTC wants to move upwards.
3.) Since January/February there has been a good amount of ""silent"" distribution, between retail traders and CME; keep that in mind.
➡️Fundamental Standpoint⬅️
1.) Grayscale Wants to Turn Giant Bitcoin Fund Into an ETF.
2.) MicroStrategy Buys 15M More of Bitcoin.
3.) Goldman Sachs is close to offering bitcoin and other digital assets to its wealth management clients
➡️Current Season⬅️
- Altseason
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//////Indicator Legacy/Meaning//////
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✨ Linear Regression Line( LR ): is the green/red worm-like line.
✨ Major Resistance Line( MRL ): is the color fuchsia.
✨ Major Support Line(MSL): is the color aqua.
✨ Social Activity Indicator(SA):
- Based on trader sentiment. The indicator will provide either a Strong Interest, Neutral/Some Interest, or No Interest signal.
- Lime background = spike in interest.
- Yellow background = drop in interest.
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///🎉🎉🎉Before You Go🎉🎉🎉///
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Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback.
""Keeping it short and sweet as always.""
- assetsandcoffee📈☕
________________________________________________________
________________________________________________________
//////////////////////////////////////////////////////////////////
///////👍✋Not financial advice, do your own due diligence ✋👍////////
/////////////////////////////////////////////////////////////////
➡️Technical Standpoint⬅️
1.) Bitcoin is creeping upwards and trading between fibs at this time. A close and hold above the 3.618 fib would signal a move to higher targets.
2.) Based on the social activity indicator, and general formation of the movement, looks like BTC wants to move upwards.
3.) Since January/February there has been a good amount of ""silent"" distribution, between retail traders and CME; keep that in mind.
➡️Fundamental Standpoint⬅️
1.) Grayscale Wants to Turn Giant Bitcoin Fund Into an ETF.
2.) MicroStrategy Buys 15M More of Bitcoin.
3.) Goldman Sachs is close to offering bitcoin and other digital assets to its wealth management clients
➡️Current Season⬅️
- Altseason
//////////////////////////////////
//////Indicator Legacy/Meaning//////
//////////////////////////////////
✨ Linear Regression Line( LR ): is the green/red worm-like line.
✨ Major Resistance Line( MRL ): is the color fuchsia.
✨ Major Support Line(MSL): is the color aqua.
✨ Social Activity Indicator(SA):
- Based on trader sentiment. The indicator will provide either a Strong Interest, Neutral/Some Interest, or No Interest signal.
- Lime background = spike in interest.
- Yellow background = drop in interest.
//////////////////////////////////
///🎉🎉🎉Before You Go🎉🎉🎉///
//////////////////////////////////
Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback.
""Keeping it short and sweet as always.""
- assetsandcoffee📈☕
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.