ROYAL_OAK_INC

$BTC weakening & comparison of Futures vs Spot, AGAIN

CME_DL:BTC1!   Futures Bitcoin CME
BTC is weakening further. Although the CMF shows TINY accumulation.

#BTC MACD histogram shows a slight neg divergence. This means that there is a decent chance MACD crosses over, negative.

Find it interesting that the Head & Shoulders neckline is right at the Nov 2022 bottom #Bitcoin trendline, blue dotted line.

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Now let's compare Futures vs Spot

RSI on spot BTC is much weaker compared to derivatives.

CMF shows huge differences between Futures vs Spot #BTC:
Futures Sold off & slow grind up vs Spot volatility
This was short covering vs Spike = false reading

Countless examples over the years on why using #bitcoin futures/derivatives charts is better, #crypto

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