Not really impressed with volume, but TOTAL MKCP is climbing back near $1T.
DXY is getting a fairly strong bounce and is testing the 21 DEMA -a 4hr close could be rough for bitcoin, so we're definitely keeping an eye on the ol' DXY...
Looking at a (min) %1.4 from current 90.25.. Would likely result in a %10 (+/- %3.3) for bitcoin (and GBTC).
Bitcoin and DXY have been highly correlated and it's no secret at this point... the range of possible causes is extremely entertaining to think about.
if the parabolic move to the upside in an exaggerated "blow off top" would make January of 2021 the best January.
A lot of bullish confluence here.. hidden bullish divergence all over... and BTC is definitely coiling up for something, volume is declining towards an apex and PA is closing in on 80% to completion of an ascending triangle.
Are you bullish or bearish?
DXY is getting a fairly strong bounce and is testing the 21 DEMA -a 4hr close could be rough for bitcoin, so we're definitely keeping an eye on the ol' DXY...
Looking at a (min) %1.4 from current 90.25.. Would likely result in a %10 (+/- %3.3) for bitcoin (and GBTC).
Bitcoin and DXY have been highly correlated and it's no secret at this point... the range of possible causes is extremely entertaining to think about.
if the parabolic move to the upside in an exaggerated "blow off top" would make January of 2021 the best January.
A lot of bullish confluence here.. hidden bullish divergence all over... and BTC is definitely coiling up for something, volume is declining towards an apex and PA is closing in on 80% to completion of an ascending triangle.
Are you bullish or bearish?
