TonyTheBullSeverino
TonyTheBullSeverino
TonyTheBullSeverino avatar

TonyTheBullSeverino

Crypto
Commodity
Stock

Chartered Market Technician. Cycles, crowds, psychology. I don’t predict — I observe structure. Less noise. More signal.

830Posts
971Comments
183%Best ROI
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Joined on 15th November 2024

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Boston, MA

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Bitcoin BTCUSD / BTC CME Futures Comparison Analysis


Sometimes, the CME Bitcoin chart ends up giving us a better signal. I am going to get back into the habit of checking there more often again. I look at weekly and monthly closes and opens for gaps, but the daily hasn't been significantly different in almost two years.


Today, I am noticing that there's a strong difference in these charts. Note immediately that the LMACD is much lower on the CME chart. There's also a lack of a close above the upper Bollinger Band on the CME chart. This is the real kicker. I think that the BTCUSD chart we got a couple false signals, whereas the CME chart shows us the buy signals didn't happen yet.


Holding above the basis line the way price has, is a strong, positive development. Price is also above the 50 day MA, the LMACD is diverging up, and price is just about back into the cloud.


We'll know more by about 1030AM tomorrow how the day might go. Markets open at 930AM ET, and by 1030!M we've seen the bigges

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Ethereum vs Bitcoin ETHBTC 1M Analysis: Could Alts Be Ready To Shine?


I genuinely cannot believe I am saying this, but if the ETHBTC chart is telling the truth, it is hinting at huge altcoin overperformance against Bitcoin.


I really don't understand why we'd get such a huge risk-on situation, so maybe these signals fail by the end of the month. There are 15 more days until the close so I a lot can happen.


However, if these signals breakout before the month is over, or in the coming months, alts will do well compared to BTC. I don't know if this is a BTC pumps less or falls harder situation, but it does look like there's a very good longer-term swing trade ready in ETHBTC.


This means you would want to own more spot ETH than BTC and move your BTC into ETH. Or you'd long ETHBTC if you expected ETH to overperform BTC.


A bull flag is potentially about to break out right below the Bollinger Band basis on the monthly. The RSI is working on trying again on a downtrend line that's had several stron

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