So, another indicator to proof that a big move is coming?

growthmindset
2 min readSep 15, 2024

--

So, another indicator to proof that a big move is coming; the question is, when?

Let us understand why and how. The convergence of Coinbase Premium prices could be setting the stage for an explosive move in Bitcoin. A glance at the recent 1-hour chart reveals a tightening triangle pattern, with shrinking volatility and the lines closing in toward zero.

This signals a narrowing gap between Bitcoin prices on Coinbase and Binance, hinting that the market is inching toward a fair value — and a big move could be on the horizon.

We saw a similar story during the 2021–2022 bull market’s long correction, where Coinbase Premium formed a similar triangle before Bitcoin surged to new highs.

Now, this convergence feels like a quiet tug-of-war between whales, as they strategically position themselves to define the next major trend.

Thankyou @avocado_onchain for his charts.

If you find this useful, please follow @cryptodurgesh & my medium page. https://growthmindsetgg.medium.com This journey is here to stay forever.

Sign up to discover human stories that deepen your understanding of the world.

Free

Distraction-free reading. No ads.

Organize your knowledge with lists and highlights.

Tell your story. Find your audience.

Membership

Read member-only stories

Support writers you read most

Earn money for your writing

Listen to audio narrations

Read offline with the Medium app

--

--

growthmindset
growthmindset

Written by growthmindset

Discord - .growthmindset | nad @monad_xyz | Graphic Designer | @pipeline_xyz Intern | @InitiaFDN Intern | Monad Developer https://github.com/growthmindsetgg

No responses yet

Write a response