Category: btcusd

TA: Bitcoin Corrects From Record High, Dips Remain Attractive

TA: Bitcoin Corrects From Record High, Dips Remain Attractive

Bitcoin broke the $65,000 resistance and traded to a new all-time high against the US Dollar. BTC is correcting gains, but dips could remain attractive near $63,000.

Bitcoin gained pace above the $65,000 and $65,500 resistance levels.
The price is now trading above $63,000 and the 100 hourly simple moving average.
There is a crucial bullish trend line forming with support near $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is correcting gains, but dips might remain limited below $62,000 in the near term.

Bitcoin Price Remains In Uptrend
Bitcoin price extended its increase above the $63,500 resistance zone. BTC broke the key $65,000 resistance zone and settled above the 100 hourly simple moving average.
It even spiked above the $65,500 resistance and traded to a new all-time high at $66,982. It is currently correcting lower and trading below the $66,000 level. There was a break below the 23.6% Fib retracement level of the upward wave from the $61,320 swing low to $66,982 high.
An immediate support is near the $64,200 level. There is also a crucial bullish trend line forming with support near $63,000 on the hourly chart of the BTC/USD pair.

Source: BTCUSD on TradingView.com
On the upside, an initial resistance is near the $65,200 level. The first key resistance is near the $65,500 level. A clear break above the $65,500 resistance could open the doors for more upsides. The next major resistance sits near the $66,800 level, above which the price might rise towards the $68,000 level. Any more gains could lead the price towards the $68,000 level.
Dips Supported In BTC?
If bitcoin fails to clear the $65,500 resistance zone, it could extend its downside correction. An immediate support on the downside is near the $64,200 level.
The first major support is now forming near the $64,150 level. It is near the 50% Fib retracement level of the upward wave from the $61,320 swing low to $66,982 high. The main support is near the trend line and $63,400, below which the price might decline towards the $63,000 support and the 100 hourly SMA.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $64,150, followed by $63,400.
Major Resistance Levels – $65,500, $66,800 and $68,000.

As Bitcoin Makes New ATH, Netflow Hints BTC Will Explode Here

As Bitcoin Makes New ATH, Netflow Hints BTC Will Explode Here

The history of the Bitcoin netflow indictor may suggest that the current market is ready for the next major price swing up as the crypto makes a new ATH.
Bitcoin Netflow Has Historically Approached Zero Before Major Price Upswings
As explained by an analyst in a CryptoQuant post, there seems to be a relationship between BTC netflows and price swings upward.
The Bitcoin netflow indictor is defined as the difference between the inflows and the outflows, and it shows the net amount of the crypto entering or exiting centralized exchanges.
When the metric takes on negative values, it means there are more investors withdrawing their coins compared to those depositing. Sustained such a trend can be bullish for BTC as holders usually take their crypto off exchanges for hodling or selling through OTC deals.
On the other hand, when more coins are flowing into exchanges than those flowing out, the netflow shows positive values, which may be bearish as it implies investors are sending their Bitcoin to exchanges for withdrawing to fiat or for buying altcoins.
Now, here is a chart that shows the trend in the value of the indicator over the last year:

The relation between BTC price and the netflows | Source: CryptoQuant
In the above graph, the analyst has marked the behavior of the indicator compared with the Bitcoin price. As is apparent, the netflow always touched the zero mark right before a big price move up.
A netflow value of zero means the investors taking out their coins from exchanges are balanced by those putting them in.
Related Reading | Bitcoin Futures ETF Exceeds Expectations, Trades $1 Billion On Day One
This trend seems to have been followed during the bull run earlier in the year, and so far the current rally has also followed it.
Right now, the netflow is right at zero, which makes the current point suitable for making another big move up. And it seems to have already begun as…
BTC Price Makes New All-Time High!
Bitcoin has reached a new ATH today as the crypto trades at $66k at the time of writing. The below chart shows the trend in the price of BTC over the last 24 hours.
Related Reading | Ethereum Breaks $4,000, All-Time High Unavoidable?

BTC breaks past $65k to make a new ATH | Source: BTCUSD on TradingView
Bitcoin is now heading into unknown territories as every move up now will result in a new ATH to be reached. Knowledge of past bull runs hints that the volatility will probably shoot up now and the crypto will experience wilder price swings. And if the netflows are anything to go by, BTC looks ready to explode from this point.
Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com

Ethereum nears its own all-time high as ETH price retakes $4K

Ethereum nears its own all-time high as ETH price retakes $4K

Ethereum’s native token Ether (ETH) is likely to hit its own record high in the short term as ETH has broken above $4,000, a crucial resistance level.Ethereum breaks $4,000, nearing new all-time highETH price rallied on Oct. 20 by over 5% to approach $4,100 on the Coinbase exchange for the first time since May 2021. The cryptocurrency’s run-up above $4,000 appeared primarily in the wake of Bitcoin (BTC) breaking above $65,000 to enter price discovery.According to data provided by Crypto Watch, the 30-day correlation between Bitcoin and Ether came out to be 0.81. That shows an 81% linear positive correlation between the two assets.ETH/USD versus BTC/USD daily price action. Source: TradingViewAs a result, Bitcoin’s ability to enter price discovery opens up similar prospects for Ether, which still trades a few hundred dollars below its current all-time high of $4,385.Related: This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4″If BTC broke to new all-time highs, I don’t see why ETH wouldn’t,” commented Rekt Capital, an independent market analyst, adding:”Turn ~$4,000 into support, and ETH will levitate towards $4,400 for a break to new All-Time Highs.”ETH price ascending triangle setupETH’s latest pump boosted its year-to-date profits by almost 450%, compared to Bitcoin’s 130% returns in the same period. That also raised the possibility of Ether posting better gains than Bitcoin in the coming sessions, thereby achieving levels much higher than Rekt Capital’s $4,400-target.On Wednesday, ETH price broke above the Triangle’s upper trendline. Nevertheless, the move upside accompanied lower trading volume, which could see ETH retest the trendline as support in the near term.ETH/USD daily price chart featuring ascending triangle setup. Source: TradingView.comAs Cointelegraph reported earlier, ETH had been painting an Ascending Triangle structure with a $6,500 upside target.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin Price Sets New All-Time High Above $65,000

Bitcoin Price Sets New All-Time High Above $65,000

Bitcoin price has done it and made a higher high, setting a new all-time high record above $65,000 according to several exchanges and the TradingView BTCUSD Index.
What exactly does this mean for the first-ever cryptocurrency and the current market cycle? Read on to find out.
Bitcoin Price Sets New Record ATH Above $65,000
The number one ranked cryptocurrency by market cap has just set another major milestone, and proven to the market that the bull cycle isn’t yet finished. It also means that the April 2021 “top” was nothing more than a mid-cycle pullback before the coin reached its final destination target closer to $100,000 or higher.
Related Reading | Bitcoin “Supertrend” Begins As Buy Signals Stack On All Major Timeframes
Targets for the cryptocurrency reach as high as several hundred thousands per coin at the conclusion of this cycle. Future estimates have reached as much as $10 million per BTC based on the stock-to-flow model.
The recent Bitcoin ETF approval ended any second guessing or speculation over whether or not the bull market had ended, or if a bear market had began. Bear markets don’t have dead cat bounces that lead to new all-time highs. The higher high also keeps the uptrend in tact by the pure definition of the term.

There you have it, folks: A new all-time high is set. Where does it end? | Source: BTCUSD on TradingView.com
BTC Back In Price Discovery, What Happens Next?
Technicals have suggested this push higher was coming. The monthly Bitcoin RSI is back in the bull zone, and most other technical indicators are leaning bullish on high timeframes. What has thrown many market participants off, has been an overheated technical picture on the daily that is heavily dominated by the higher timeframe signals.
Related Reading | Bitcoin Price Prepares To Blast Off Back Into RSI “Bull Zone”
With no resistance above, the market will be less likely to sell or go short, because there is no telling how high Bitcoin price could go from here. Each successive peak will cause the same wide-sweeping question if the top is in, until it is.
This could make for a final leg up that moves faster than most are expecting, with very few or limited pullbacks to buy in. What’s worse, is that the final leg of a bull run usually does mean a bear market is coming, and is due to arrive the moment the actual peak is in.
Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.
Featured image from iStockPhoto, Charts from TradingView.com

Bitcoin price eyes $65K breakout as BTC exchanges reserves fall to 2018-lows

Bitcoin price eyes $65K breakout as BTC exchanges reserves fall to 2018-lows

Bitcoin’s (BTC) ongoing price rally above $64,000 has coincided with a substantial drop in its reserves across all exchanges.According to data provided by CryptoQuant — a South Korea-based blockchain analytics service — the amount of Bitcoin held in exchanges’ wallets dropped to as low as 2.379 million BTC earlier this week, the lowest in more than three years. Currently, the reserves are around 2.38 million BTC.Bitcoin’s all exchange reserve. Source: CryptoQuantCryptoQuant noted that the declining Bitcoin reserves showed the availability of fewer BTC tokens “for selling, altcoins purchasing, and margin trading.” Additionally, that also reflected traders’ intention to ‘HODL’ the cryptocurrency.Demand for Bitcoin grows among whales and fishesOn the other hand, the cryptocurrency’s demand appears to have been increasing across retail and institutional traders, with the number of wallets holding more than $100 and $10 million worth of BTC reaching their record high of 16.67 million and 10,510, respectively.Bitcoin addresses with balance greater than $100 and $10 million. Source: Messari, CoinMetricsOn-chain analyst Willy Woo published a report in August 2021 that discussed Bitcoin’s “supply shock” against its rising demand, concluding that the cryptocurrency’s per token worth should be at least $55,000. The “conservative” target remained lower than pseudonymous analyst PlanB’s $135,000 price projection by the end of 2021, based on its stock-to-flow model.$63K✅ https://t.co/tj6SSwSzKR— PlanB (@100trillionUSD) October 19, 2021Meanwhile, PlanB’s Bitcoin price prediction for November 2021 sits around $98,000, above $70,000, the most preferred strike target for the options expiring on the 26th of the same month, as shown in the chart below.BTC Options OI by strike price (expiry Nov 26, 2021). Source: ByBt.comBTC price macro fundamentalsBitcoin’s bullish on-chain fundamentals are likely to see further strength from Wall Street adoption. On Tuesday, ProShares became the first ETP firm to launch a Bitcoin Futures-based exchange-traded fund (ETF) on the New York Stock Exchange. In a milestone for Bitcoin investing opportunities, the listing opened a new road for institutional investors to gain exposure to BTC.For instance, Fundstrat Global Advisors Co-Founder Tom Lee said he anticipated the Bitcoin ETFs to attract at least $50 billion in the coming twelve months, reasserting his team’s year-end $100,000 price target for BTC.Technically, Bitcoin appeared to be heading towards its record high near $65,000, now acting as a resistance level.BTC/USD daily price chart featuring Fibonacci retracement levels. Source: TradingViewOn the flip side, Bitcoin’s relative strength index (RSI), a momentum indicator that analyzes an asset’s overbought/oversold signals, reported the cryptocurrency price as excessively high on the daily candle chart suggesting that a pullback is on the table. Related: Bitcoin sees its highest ever daily close as BTC/Euro pair hits all-time highsShould a correction happen, Bitcoin’s next support target could be near $57,500, which serves as the 78.6% Fib level of the Fibonacci retracement graph, drawn between the $65,000-swing high and the $30,000-swing low. The level also coincides with Bitcoin’s 20-day exponential moving average (the green wave in the chart above). The said level has earlier acted as strong support during Bitcoin’s uptrend. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

TA: Bitcoin Breaks Key Resistance, Why BTC Could Extend Rally

TA: Bitcoin Breaks Key Resistance, Why BTC Could Extend Rally

Bitcoin gained pace above the $63,000 resistance against the US Dollar. BTC is rising and it may soon clear the $65,000 resistance in the near term.

Bitcoin is showing positive signs above the $61,000 and $62,500 levels.
The price is now trading above $62,500 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $62,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could extend rally and it might even clear the $65,000 level in the near term.

Bitcoin Price Eyes More Upsides
Bitcoin price started a major increase above the $62,000 resistance zone. BTC broke the key $63,000 resistance zone and settled above the 100 hourly simple moving average.
It even spiked above the $63,500 resistance and traded to a new multi-week high at $64,448. It is currently correcting lower and trading below the $64,000 level. An immediate support is near the $63,700 level. It is near the 23.6% Fib retracement level of the upward move from the $61,320 swing low to $64,448 high.
There is also a key bullish trend line forming with support near $62,800 on the hourly chart of the BTC/USD pair. On the upside, an initial resistance is near the $64,000 level. The first key resistance is near the $64,250 level.

Source: BTCUSD on TradingView.com
A clear break above the $64,250 resistance could open the doors for more upsides. The next major resistance sits near the $65,000 level, above which the price might rise towards the $66,500 level. Any more gains could set the pace for a larger increase towards the $68,000 level.
Dips Limited In BTC?
If bitcoin fails to clear the $64,200 resistance zone, it could start a downside correction. An immediate support on the downside is near the $63,700 level.
The first major support is now forming near the $62,850 level. It is near the 50% Fib retracement level of the upward move from the $61,320 swing low to $64,448 high. The main support is near the trend line, below which the price might decline towards the $61,000 support and the 100 hourly SMA.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is still above the 50 level.
Major Support Levels – $61,850, followed by $62,500.
Major Resistance Levels – $64,200, $65,500 and $66,500.

Bitcoin On-Chain Data Shows Decrease In BTC Outflows, Crash Incoming?

Bitcoin On-Chain Data Shows Decrease In BTC Outflows, Crash Incoming?

Bitcoin on-chain data shows that the BTC outflows have been gradually heading downwards recently, hinting that a crash could be coming soon.
On-Chain Data Shows BTC Outflows Continue To Decrease
As pointed out by an Analyst on Twitter, on-chain data reveals Bitcoin outflows have been gradually going down in the past month.
The relevant metric here is the BTC netflows. This indicator shows the net amount of coins exiting or entering exchange wallets. Its value is calculated by taking the difference between the inflows and the outflows.
When the netflow shows negative values, it means outflows are dominating inflows. This means more Bitcoin is being pulled off exchanges than the amount being put in. Sustained such values have usually been bullish for the crypto.
Positive values, on the other hand, would imply an increase in coins entering exchanges as inflows show more strength than outflows. This can be bearish for BTC’s price.
Related Reading | Bitcoin Price Smashes Record For Highest Weekly Candle Close Ever
Now, here is a chart that shows the trend in the value of the BTC netflows over the year:

BTC’s outflows seem to be decreasing | Source: Glassnode
As the above graph shows, Bitcoin saw significant outflows over the last couple of months, but lately they have started slowing down.
It seems that during the 2021 bull run, outflows were seen for much of the period. Once netflows started turning green (that is, investors started sending their coins to exchanges for selling), the price crash happened.
If outflows keep going down like they are right now, the indicator might turn back green again. This could lead to another price crash happening soon.
Related Reading | The On-Chain Metric That Says Bitcoin Is About To Go “Parabolic”
However, it should be noted that the netflows became similarly neutral at many points during the last bull run, but no major correction came. So it remains to be seen if this time the indicator will turn positive or not.
Bitcoin Price
At the time of writing, BTC’s price floats around $62k, up 9% in the last seven days. Over the last month, the crypto has gained 31% in value.
The below chart shows the trend in the price of Bitcoin over the last five days:

BTC’s price shows a rather sideways movement over the last few days | Source: BTCUSD on TradingView
After a September filled with multiple crashes, Bitcoin has made some big moves up in this month of October as the crypto is now very close to making a new all time high (ATH). It’s unclear where the coin might head next, but if the netflows start turning positive, a crash could be coming soon.
Featured image from Unsplash.com, charts from TradingView.com, Glassnode.com

Buyer Beware: Extreme Greed Is Back In Bitcoin And Crypto

Buyer Beware: Extreme Greed Is Back In Bitcoin And Crypto

Bitcoin rallies as the first Exchange Traded Fund (ETF) launched by ProShares debuted in the NYSE. The first cryptocurrency by market cap trades at $62,908 with 2% and 9.5% profits in the daily and weekly charts, respectively.
BTC moving sideways in the daily as ETF debuts. Source: BTCUSD Tradingview
The general sentiment in the market flipped bullish as October made its entry, historically a green month for Bitcoin. Traders and operators seem to expect a fresh all-time high in the near term driven by fresh capital coming into the market via the BTC ETF.
Related Reading | TA: Bitcoin Consolidates Gain: What Could Trigger Fresh Rally
At press time, ProShares’ product has seen a $280 million in trading volume. Senior ETF analyst for Bloomberg Intelligence Eric Balchunas claims this makes the Bitcoin ETF part of the top 15 at opening day in terms of trading volume with the potential to become number one if it surpasses $1 billion during the day.
The Fear and Greed indicators have moved to the upside as a consequence of recent events and Bitcoin’s performance. Per an Arcane Research report, The Fear and Greed Index signaled “extreme greed” for the past two weeks.
Related Reading | The On-Chain Metric That Says Bitcoin Is About To Go “Parabolic”
This indicator usually fluctuates at high levels when the crypto market hypes over an event, such as the debut of exchange Coinbase on the public market. In addition, Arcane Research claims Bitcoin experienced a similar phenomenon in 2020 when the bull-run to $64,500 began.
Source: Arcane Research
As a potential positive signal for the bulls, on-chain activity seems to be on the rise as shown by the slight increase in transaction fees on the BTC network. As NewsBTC reported, experts believe this suggests institutional demand for the digital asset is returning.
Bitcoin Sees Increase In Demand, More Upside Imminent?
In support of this theory, Arcane Research records a climb in BTC spot volume. As seen below, this metric saw a sharp decline in May and July, as BTC’s price kept on falling. It started to recover by August and has continued to trend upwards.
Related Reading | Bitcoin Price Smashes Record For Highest Weekly Candle Close Ever
BTC’s trading volume stood at $7.2 billion during October’s second week with the 15th of this month recording a $12 billion intraday volume, Arcane said, the biggest in the past 6 months. The firm said:
The same day, the bitcoin price increased by 7.6%, showing how the biggest daily volumes coincided with the most significant increases in the price. These developments signal a renewed interest in bitcoin after a sleepy summer.
Source: Arcane Research
In the short term, traders could see a rise in volatility due to the BTC ETF effect on the market. The derivatives sector seems to be getting overheated with the Open Interest (OI) points to an uptick in leverage positions.

2/ OI in BTC futures is nearing its all-time high. OI growth reflects an increase in leverage. However, when the price of an asset is increasing, OI measured in USD is bound to go up.
FTX, Binance, Bitfinex, and CME all hit their highest level of OI in the last few days. pic.twitter.com/mXpbIb3UJc
— Delphi Digital (@Delphi_Digital) October 18, 2021

As with the Coinbase debut, too much leverage could lead to a liquidation-driven short squeeze. Whether it will favor the bulls or bears, that remains to be seen.

TA: Bitcoin Consolidates Gain: What Could Trigger Fresh Rally

TA: Bitcoin Consolidates Gain: What Could Trigger Fresh Rally

Bitcoin is showing positive signs above the $61,200 support against the US Dollar. BTC could start a fresh rally if it clears the $62,200 resistance zone.

Bitcoin is trading in a positive zone above the $60,000 and $61,200 levels.
The price is now trading above $61,200 and the 100 hourly simple moving average.
There is a major bullish trend line forming with support near $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh rally and it might rise towards the $63,500 level in the near term.

Bitcoin Price Remains Supported
Bitcoin price remained strong above the $60,000 zone and traded in a positive zone. BTC jumped above the $62,000 level before starting a downside correction.
A high was formed near the $62,885 before there was a minor decline. The price declined below the $62,000 and $61,200 levels. However, the price remained supported near the $59,200 level and the 100 hourly simple moving average.
Recently, the price climbed higher and climbed above $61,200. However, the price is struggling above the $62,200 level. A high was formed near $62,672 before there was another decline. It traded as low as $59,900 and recently recovered above $61,000.
Bitcoin surpassed the 50% Fib retracement level of the downside correction from the $62,672 swing high to $59,900 low. There is also a major bullish trend line forming with support near $61,000 on the hourly chart of the BTC/USD pair.
The pair is now testing the 76.4% Fib retracement level of the downside correction from the $62,672 swing high to $59,900 low. On the upside, an initial resistance is near the $62,000 level. The first key resistance is near the $62,200 level.

Source: BTCUSD on TradingView.com
A clear break above the $62,200 resistance could open the doors for more upsides. The next major resistance sits near the $63,500 level, above which the price might rise towards the $65,000 level.
Dips Supported In BTC?
If bitcoin fails to clear the $62,200 resistance zone, it could start a downside correction. An immediate support on the downside is near the $61,200 level.
The first major support is now forming near the $61,000 level, the trend line, and the 100 hourly SMA. A downside break below the $61,000 level could push the price towards $60,000.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $61,200, followed by $61,000.
Major Resistance Levels – $62,200, $62,850 and $63,500.

El Salvador Disables Bitcoin Price On Chivo App To Stop Scalpers

El Salvador Disables Bitcoin Price On Chivo App To Stop Scalpers

Bitcoin traders have found a way to use the recently launch Chivo App, the countries own BTC wallet, by El Salvador’s government to make a profit. As part of their BTC Law, this app operates with the second layer payment solution lightning network.
Related Reading | Bitcoin Price Smashes Record For Highest Weekly Candle Close Ever
Via its official Twitter handle Chivo Wallet announced that Salvadorans will be unable to track the price of BTC on the app. According to the report presented by the team behind the app, some users have been using it to do “scalping”.
A type of short-term trading modality, scalping is performed by an operator to take advantage of an asset’s price fluctuations in low timeframes. In previous versions, the app allowed users to “freeze” the price of Bitcoin giving traders an edge to perform this practice by comparing it to exchange rates.
The Chivo Wallet allows users to move BTC via the lightning network to other Chivo users or external BTC wallets. Thus, traders can make a profit by scalping the app’s BTC price. The team behind the app clarified the following on the reasons for the decision:
The “scalping” performed consisted of taking advantage of Chivo keeping the rate frozen for 1 minute and taking advantage of that minute to compare the rate with other exchanges and see if the Bitcoin price went down or up.
In the future, the price of Bitcoin will have limited visibility to prevent these operators from accessing what the team called “an unlimited source of money”. The app will not ban trading itself, just the capacity to “freeze” BTC’s price on the platform.
Related Reading | Number Of Bitcoin Whales On The Rise As BTC Chases New All-Time High
Salvadorans Will Have New Functionalities On Their Bitcoin Wallet
On the contrary, the team behind Chivo claimed that is working on adding a trading feature for the wallet. In the future, the app will let these operators trade with BTC with any modality, but with the asset’s price display in real-time.
However, Salvadorans can already profit from BTC exposure. Since the wallet was launched, when the government gave citizens a $30 bonus in the cryptocurrency, Bitcoin has increased its value by over 30%.
Upon launch, El Salvador and its president Nayib Bukele surely underestimated or failed to consider crypto traders’ capacity to leverage a situation for their benefit. It remains to be seen whether disabling BTC’s price from the app will effectively stop scalpers.
Related Reading | TA: Bitcoin Gearing For Lift-Off to $65K: Rally Isn’t Over Yet
At the time of writing, BTC trades at $$61,980 with a 1% profit in the daily and a 13.3% profit in the weekly charts, respectively. BTC’s price remains in a rally and it’s near $64,500, its all-time high.
BTC with minor profits in the daily chart. Source: BTCUSD Tradingview

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