BTCUSD is close to a good climb

[tizianob]

The net interest of institutional investors on BTCUSD is changing from SHORT to LONG
The net interest of professional investors is at a turning point and seems to be in the direction of parity and then pass LONG

There is not yet enough force to allow the price rise but in the coming weeks you could see a long-term swing that will project BITCOIN to a new stage of ascent.

I will wait for a firm sign of purchase to enter the asset but from now on I will start to monitor it constantly.

 

[nooby_mcnoob]

Stop fantasizing. Failed new high, working on a bear flag on the weekly.

 

[tizianob]

Stop fantasizing. Failed new high, working on a bear flag on the weekly.

There’s no fantasy here We’ll see the market Who’s gonna be right

 

[Trader Curt]

The net interest of institutional investors on BTCUSD is changing from SHORT to LONG
The net interest of professional investors is at a turning point and seems to be in the direction of parity and then pass LONG

There is not yet enough force to allow the price rise but in the coming weeks you could see a long-term swing that will project BITCOIN to a new stage of ascent.

I will wait for a firm sign of purchase to enter the asset but from now on I will start to monitor it constantly.

Yes, a lot of institutions have been selling for the end of the year, and some retail traders selling at lower prices for tax reasons then immediately buying back in. The selling pressure is definitely losing momentum.
There could be more turbulence, so hang in there.

 

[nooby_mcnoob]

Yes, a lot of institutions have been selling for the end of the year, and some retail traders selling at lower prices for tax reasons then immediately buying back in. The selling pressure is definitely losing momentum.
There could be more turbulence, so hang in there.

I agree selling pressure is losing momentum.

 

[SunTrader]

Price down, volume down, open interest down (IOW lack of real selling) last couple of weeks .... point to price (and of course volume, open interest) likely moving higher soon.

 

[TradeTune]

Crytpo are going down, too much money flowed there and people consensuses is that they are garbage and less people believing in crypto recently

 

[nooby_mcnoob]

No point doing anything until one of these happens.

 

[virtusa]

There’s no fantasy here We’ll see the market Who’s gonna be right

It is fantasy till we see it wil happen in realtime. Long time ago people posted already BTC will go to 1 million. BTC still has a long way to go to go from fantasy to reality.

 

[virtusa]

(IOW lack of real selling)

Also lack of real buying, otherwise price would go up.

The compounded rate of return on a daily basis went down by 62%. So over the long run BTC is continuous losing momentum day by day.