ok so notice the red regime we are in This is when BTC returns are negative AND underperforming ES If this flips green into the close, then the probability of a retracement higher becomes a higher probability. The script is linked below with the BTC playbook (all free)
Capital Flows
Capital Flows14.8. klo 22.23
If you’re trying to add BTC exposure here, there is a @tradingview model linked in the report for this. Watch for Bitcoin to begin outperforming ES. If this begins to take place as we move into market close for roughly 4 hours, then betting on a mean reverting move back up is reasonable. Also need to see ES remain above intraday lows. That’s my view, I could always be wrong
42,53K