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Well, that's a shame. The bullish bounce failed and now we have a reversal dip showing. That's the thing with monitoring liquidity. Sometimes it changes faster than indicators can account for.

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It's been a few weeks but the next liquidity signal has appeared on Bitcoin -- and it's bullish. Back on August 1st, we had our first indication that price prices could be in the cards with the local low coming ever so close to its seasonal support. This was followed by a higher low six days later. Now we see the weekly attempting to cross over the monthly,...

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I've been looking for Bitcoin to head closer to the seasonal average around which I'd expect either a bullish or bearish liquidity signal from Flow. The signal hasn't appeared yet, but we're getting a nice slow bullish consolidation. Given Bitcoin's short history, it is a challenge to go back through the series to find comparable moments to use as...

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A week ago I had a little exchange with someone on Reddit who was claiming that Bitcoin would be shooting up. The analysis was purely technical, using pitchforks and trends, and I was surprised by their level of conviction in the prediction. Here's a snippet of my response: I find it interesting when I see trade ideas based on price movement. Market structures...

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Last week I posted about the suspiciously bearish signal in Bitcoin. Turns out it was correct. *back pat*. The one day spike was followed immediately by a -5.85% reversal. Nothing beats liquidity. The question now is do we go up from here? My eggs are in the 'no' basket. While it's true that overall we're in a bullish flow state, the yellow countertrend...

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Sure looks like we will. Today we see a bullish flow signal following the recent countertrend bounce, off the heels of a high tide pull back. That's textbook bullish until the next bearish ebb signal or black swan.

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Here's another red flag on the short-term bullish Bitcoin trade following up on yesterday's post. Today we get a dip signal suggestion weakness to come. So with the dollar down, we see SPY up, QQQ up, Gold up, Oil up -- but Bitcoin down? That's, as the kids these days would say, is suss.

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Over the last couple of weeks, we've been focusing on BTC and USD. This is due to that fact that they are both on the verge of large moves. Given their inverse correlation, it's useful to follow both together as an indication for how liquidity is affecting the markets. On June 30, we pointed out the flow signal that appeared on the weekly and daily candles for...

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Notice that there is no strong buying signal (green dot) on the candle following the strong selling (red dot). This is generally negative on the price indicating that there's more short-term downside to come. However, it should be noted that the monthly current is still moving upwards suggesting that support is steadily increasing. As this continues, it makes a...

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Following up on my earlier post, it's evident that the strong high tide signal persists, signaling upward resistance based on momentum dynamics. Bear in mind, the flow signal remains unchallenged, as demonstrated by the price ascending back to the local high before retreating. This indicates the presence of a selling zone that must be surpassed before the price...

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USD falls when there is an abundance of dollars, and rises when there is a shortage. It is an empirical fact that the world has been structurally short dollars since 2011 (really, since the GFC). And the conditions for this trend haven't changed yet. Debt-to-GDP ratios keep increasing, credit impulses are waning, and the rate of productivity growth is...

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Following up on yesterday, the high tide signal did end up getting confirmed. And while BTC did fall back to it's weekly current , it's still possible for it to break this level and head down to the monthly or seasonal current . This would be in line with previous daily high tide signals where the price drops -10% or more. This does not immediately negate...

sacredprofit Updated 

A High Tide signal has shown up on the BTC daily chart. It hasn't been confirmed yet. But if it does, it generally coincides with about a -10% to -20% drop. So, it makes sense perhaps to close some longs and open more shorts. Tight stop losses still needed, since we are in a Flow state (i.e., still long-term bullish). I'm still interested in my BNB short,...

sacredprofit Updated 

The buy signal on BTC has now progressed from the weekly to the daily. At the close of today's candle, if it's still there, it'll be confirmed.

sacredprofit Updated 

Watching BNB for quite some time now waiting for the coin to drop. Not because I have anything against Binance. It's just the only major coin that hasn't fallen to its lustrum current: That tells me it's being artificially inflated. Great opportunity to look for shorting opportunities. Now is the first time I can see multiple signs that now may be the...

sacredprofit Updated 

Let's keep this short and sweet. Liquidity started receding back in March '23. This created a weak consolidation zone waiting for a catalyst to bring it lower. Looks like the Binance lawsuit might be it. If this is so, then we should see a series of bad news one after the next resulting in CRYPTOCAP:BTC falling to the lustrum level. That would be the buying...

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Very excited to see a buy signal forming on the weekly Bitcoin chart. It hasn't been confirmed yet, but we generally see a +30% rise within a month. As I've mentioned before, following global dollar liquidity is a fantastically reliable way to track assets that are correlated with the flow of dollars within the system. And nothing is more correlated to liquidity...

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With oil breaking bullish support, it's safe to say that demand has been cratering around the world. As Jeff Snider has discussed for months now, if the supply constraints on oil aren't driving oil higher, then there must be a serious demand problem. Overheated economy? I think not. Add to that Gold up and Yields down and that means low growth + low inflation....