Hey TTM Research readers,
I recorded a quick Bitcoin on-chain analysis update.
Overall, I am bullish on Bitcoin, even though September has historically been bearish.
There are 2 main things I will be closely watching:
Top & Bottom Formula
We’re looking for the 2 blue lines to curve back up. Right now, it seems to be in a stalemate.
Leviticus Oscillating Waves
After recording the video, Bitcoin spiked $1,000. We want to see the oscillating waves go up and cross over the 0 line while the Money Flow Index (green right now) growing thicker in the green.
Here’s the video with my analysis, enjoy.
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