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ROWPartners
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$BTC has momentum
The conditions were there for a good bounce
If it wasn't for the fever I'd likely have held
Didn't want to risk not being around
Thankfully fever has subsided, just tad weak
Bitcoin BTC
BTC6.74%
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$13.5 Billion
Fed Reserve pumped into the U.S. Banking System
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Been feeling weak the whole week
Fought a BAD cold
Closed it, am done until real bottom
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For a trade
Seems like a SMALL $BTC rally is coming
BTC6.74%
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Looks like the $BTC battle ensues
Heavy buys followed by heavy sells
BUT it's creeping higher
Headfake or short term bottom again
Not trying to find out lol
Waiting
BTC6.74%
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$BTC couldn't even overtake the RED MOV AVG on the 1HR = W E A K
Breaks = Retest
Possibility of Bitcoin going lower
What are the BTC levels?
We've posted them a few times
Cont
BTC6.74%
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Welcome back!
LOOONG Week, last week
On top of fighting a cold, mom has severing dementia, sigh
30Min chart
At first glance $BTC Sell volume - not good
Lower it to 5Min Bitcoin chart & tells a different story
Was mostly buys!
However, these are intraday, we need 2c the close
BTC6.74%
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When we're on fire we give the play by plays before hand
2 things we mentioned last week
Proves spot is still USELESS
That 4hr mov avg was just to much!
3rd
GOD is 👑
Yahuah
Yeshua
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What seems to be the more reliable at the moment?
The left side, Futures/derivatives $BTC
OR
The right side, spot BTC
Spoke on the RED Mov Avg and it is holding Bitcoin back
This is an important area to close above, at least a few days
Similar for $ETH
BTC6.74%
ETH8.43%
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The account likely doesn't pay attention to us
There's a SUPER AI & RWA Crypto bull who has been gung ho for months, likely a year
The only one that KINDA held is $TAO, still down
I think $QNT was another
Every single one is CRUSHED
IMO, he shows any sign of capitulation = 🚀
TAO6.4%
QNT0.38%
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$SOL has 3 closes above the RED moving avg
Good start
What we want to see to CONFIRM the bottom is in?
Higher lows on the moving avg
This may take all of Dec
SOL10.44%
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$XRP has 4 closes above the RED Mov Avg
Better than $SOL which we just posted on
XRP7.95%
SOL10.44%
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$BTC is at it's first test
There is the RED moving avg & the RED resistance level
Going to edit the weekly, see 3rd pic
BTC RSI pumped higher = GOOD
IMO Bitcoin will LIKELY get some sort of retest
IF the recent bottom holds, we'll load up again
FYI $ETH already struggling
BTC6.74%
ETH8.43%
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$VIX gives us an idea
Breaking recent up trend, worst may be over
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$IBIT vs $BTC futures
4Hr is starting to look better
Daily the ETF has a lot more buy volume than the Bitcoin derivative
Interesting, will have to keep an eye on both from now on to analyze
Spot BTC is a distant 3rd
Not looking anywhere near as good as the other two
Crypto
BTC6.74%
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$EBAY filled the gap to the downside & has been trading sideways for a bit
IF it tests 88 & the recent bottom holds, GOOD SIGN
Weekly it's at the BLUE MOV AVG
Has held for almost 2 years
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$UNH Own @ 270
$UNHG @ 18
Stating to strengthen a bit again
May sell puts soon
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$AMD eyeing again, made good & fast $ last time
That's also a WEEKLY GAP! Not very common
Don't subscribe to gaps always getting filled, this is a false belief, but weekly has more of a chance of it fulfilling
$AMDL
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$ORCL
Almost filled the gap
Is that good enough?
Beginning to nibble by selling $ORCX puts
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