monsieurdeivid on Nostr: nostr:note1dkkza7ryp9nf5xt59rc4kr4yphpnzac8rj4kg2ffr52k7uxh7exqt8eq4h Just zoom out ...
1/ In this thread 🧵 I want to show you some good on chain #Bitcoin indicators to know where the price is at the cycle.
I’ll do in the order the indicator was triggered.
Remember 11-09-22 Bitcoin bottom was $15,682 (I think it’s this cycle bottom, I hope so)
Just zoom out and having a look at those indicators.
It seems that Institutions have not full filled bags yet, so back to acummulation zone instead of keep up trending, maybe till end of 2023 (supposed ETF approval 2024 Q1).
RSI and SOPR don't want to keep trending at the moment.
Max pain Bitcoin Open Interest August 25th at $28.500, so maybe a green candle in few days to reach it (actually $26.000).
Still in range for few months till Institutions are ready to 🚀
Published at
2023-08-21 16:59:56Event JSON
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"pubkey": "000000f4ee65f4d0ebdabeb027f5551033880791541340b1df71611ee0d30469",
"created_at": 1692637196,
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"content": "nostr:note1dkkza7ryp9nf5xt59rc4kr4yphpnzac8rj4kg2ffr52k7uxh7exqt8eq4h \nJust zoom out and having a look at those indicators.\nIt seems that Institutions have not full filled bags yet, so back to acummulation zone instead of keep up trending, maybe till end of 2023 (supposed ETF approval 2024 Q1).\nRSI and SOPR don't want to keep trending at the moment. \nMax pain Bitcoin Open Interest August 25th at $28.500, so maybe a green candle in few days to reach it (actually $26.000).\nStill in range for few months till Institutions are ready to 🚀",
"sig": "b2314ec48ce96e16118e9205c27c3249739c2843d8c37c99738e42ce55480fcbca3d69cabfaf3ab0ecaf47819d0d9de604d8a0c1f6f43ddd2dcf5c63ab434e74"
}
