October 24, 2026

Capitalizations Index – B ∞/21M

Bitcoin is being overpumped

Bitcoin is being overpumped

Bitcoin is being overpumped

Bitcoin is being overpumped

bitcoin has been a money pump the past week, but needs to cool off. This sets us up for an opportunity to gain some extra cash shorting the asset to previous support levels. The RSI needs to signal stability in the asset – which isn’t found at the 80+ level. Volume isn’t matching up with the price spike, but the overall market cap has gained $30b. Shorting the current position could give us some extra short-term cash to invest in the next run. The entry and exits are all on the chart.

Any opinions? I love to hear from the community.

Published at Mon, 08 Apr 2019 17:03:03 +0000

Previous Article

Chinese Stablecoin Purchases Soar with Bitcoin Price

Next Article

HSBC suspends pensioner’s transaction to buy Bitcoin; flags it ‘suspicious’

You might be interested in …

Developing blockchain software

Developing Blockchain Software

Developing Blockchain Software This talk will explain what public blockchain systems like bitcoin and Ripple are, the unique challenges of developing software for them, and how C++ helps to meet these challenges. Security issues are […]