2022 is here and #BTC is struggling amidst altering market liquidity conditions, forced upon by the world's most prominent Central Bank!
Here's our read on Bitcoin headed into January 2022 and beyond using #LambdaStrike
app.lambda.markets
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Here's our read on Bitcoin headed into January 2022 and beyond using #LambdaStrike
app.lambda.markets
1/
First of all, you probably should know what each of the ‘symbols’ on the chart above mean before we kick off the analysis!
Here’s the cheat sheet showing what each element means 👇
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Here’s the cheat sheet showing what each element means 👇
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#BTC Weekly Chart
The first sign of a bullish swing reversal has appeared on the Bitcoin Weekly chart!
HOWEVER, it must be noted that money is flowing out of the market, when comparing it with the previous reversal signal in June 2021… which marked the 29k bottom
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The first sign of a bullish swing reversal has appeared on the Bitcoin Weekly chart!
HOWEVER, it must be noted that money is flowing out of the market, when comparing it with the previous reversal signal in June 2021… which marked the 29k bottom
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#BTC 3 daily chart
Similar to the weekly timeframe, the flow of money out of the market is notable… comparing with the bull market peak, there's a significant difference, however, hold the gray box and print green triangles and Bitcoin should see a relief rally at a minimum
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Similar to the weekly timeframe, the flow of money out of the market is notable… comparing with the bull market peak, there's a significant difference, however, hold the gray box and print green triangles and Bitcoin should see a relief rally at a minimum
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#BTC Daily chart
The flow is at it’s lowest level since the COVID-19 outbreak of 2020, we all know what happened after that!
This is typically where flow will reverse and head in the opposite direction – which would imply that buyers are about to step into the market
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The flow is at it’s lowest level since the COVID-19 outbreak of 2020, we all know what happened after that!
This is typically where flow will reverse and head in the opposite direction – which would imply that buyers are about to step into the market
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The final timeframe of interest right now is the 16 hour, which is also showing signs (albeit subtle) of a bullish reversal!
Flow reversed recently off the reversal zone and looks to be shaping upward 📈
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Flow reversed recently off the reversal zone and looks to be shaping upward 📈
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Given the significant slew of macroeconomic data due to be released this week, we are cautious on the long side, but don’t see the RR to favour bears down here at ~$40k…
Our friends at @tradinglite are showing that the books are loaded on the bid side ~$40k #BTC!
END THREAD 🤝
Our friends at @tradinglite are showing that the books are loaded on the bid side ~$40k #BTC!
END THREAD 🤝
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