CMF & Historical BTC Entry points

Apr 15, 2022

Chaikin Money Flow ( CMF ) is a technical analysis indicator used to measure Money Flow Volume over a set period of time. Money Flow Volume is a metric used to measure the buying and selling pressure of a security for single period. CMF then sums Money Flow Volume over a user defined look-back period. Any look-back period can be used however the most popular settings would be 20 or 21 days. Chaikin Money Flow's Value fluctuates between 1 and -1. CMF can be used as a way to further quantify changes in buying and selling pressure and can help to anticipate future changes and therefore trading opportunities.

Apart from March 2020, the only other time we reached this level was in 2011. After reaching this CMF level, there was more downside, but it's hard to say that this time is the same as 2011.

Whale #3 is buying this dip. See bitinfocharts> bitcoin rich list

Apr 16, 2022

Note

just a note about Macro bottoms: we are quite a ways yet from a macro bottom based on indicators. We would likely have to see several more months of a general downtrend to reach a macro bottom - which would also be anywhere from 10k - 20k; however, that's unlikely to happen as that'd be a historical first. No previous cycle that far easily attained new ATH's reached below the previous ATH. My macro outlook is that we don't see below 26-27k and that we see at least 140k+ before this cycle is over. An 85% drawdown from ATH's in the past were fundamentally appropriate because of how high we were away from the moving averages and there was so much room to fall. The amount of support below 27k is far too strong to reach that low IMO

Apr 18, 2022

Note

promising divergence.

Apr 20, 2022

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watch the volume towards the trend

Apr 24, 2022

Note

Nearly every indication reflecting that of the Summer reversal