ROYAL_OAK_INC

BTC futures dictate price, people still don't get it

INDEX:BTCUSD   Bitcoin
Since the price action reversal on BTC it has been struggling.
(also sold ETH & LTC few days later)

There is way too much positivity in this space for what's happening.

#bitcoin is at the top portion of the gap, but may not hold and will likely fill & trade lower.

We have been huge proponents of using futures data vs spot #BTC
If you only use spot BTC you're at a disadvantage

RSI looks similar but look @ $ flow
Futures #BTC showed cracks in mid/late December

#Bitcoin Fibonacci
50% from RECENT trend low = 37k
50% from 12/22 low = 32

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