Libratus

Libratus

For the first time since the corona virus started to ravaging the market in late Feb, BTC's price decouples from that of stock market. Please click like or follow me if you like my post! Really appreciated it. A lot of people think BTC failed its role as the recession-proof safe heaven. What they fail to understand is the true purpose of BTC, which is...

Libratus

The long liquidation of nearly 1.2 billion yesterday has cut the OI on Bitmex by nearly half. The bullish structure is broken, but the price managed to stay above the 3k low. Is this the the moment of paradigm shift for Bitcoin? Will the Macro (Fed repo injection) have positive impact on BTC price? How BTC price closes this week will have the tremendous impact...

Libratus

twitter.com All these talks about BTC being the safe asset during the economic turmoil and Financial crisis... It is now the perfect time for it to step up to the plate and rise to the occasion. Is it finally BTC's moment to shine? Let's take a quick look at what happened during the weekend. The fast and furious drop is the result of thin liquidity and...

Libratus Updated 

Hello traders! I would really appreciate it if you can like my post and follow me if you find my post useful :) Short-term perspective- Derivative exchanges such as Bitmex and Okex (Both have high trading volume and oI) seem to be betting against bulls at this moment. Even though buying pressure was fierce yesterday at Bitmex, it was not able to break...

Libratus Updated 

BEAT is your prototypical aggressive growth stock- Strong future growth potential with good earning and revenue track record ... If you can overlook its debt level. This beast was tamed for a while after its share price skyrocketed from $25 to almost $80 , but it is ready to unleash its fury again. But first, I think the pullback is in the store facing key...

Libratus Updated 

Whether you like it or not, BYND is the first mover in the alternative meat industry. There is just way too much upside and growth to be captured in this nascent industry. Future trend toward green environment and sustainability will only push this industry higher. Three scenarios- #1. Test the local resistance one more time and break out of the bull...

Libratus Updated 

Hello everyone! BTC dominace lvl has gone down a little and, we start to see more trading volume flow into retail's favorite crypro exchange coinbase as its trading volume increased 50% recently. Retail money is what makes the uptrend move sustainable! VPVR looks bullish as the price pierced through VA and both long term and short-term POC with long term trend...

Libratus

Hello traders! Despite the 100 millions long liquidation and the drop of 10% open interest during the epic bull trap last week, the maximum selling pressure still seems far away. The only way to go up is to dip down further in order to reach for more selling liquidity. I believe we will continue to see more moderate supply runs follow by weak demand runs until...

Libratus Updated 

Who doesn't like the high-flying act? Sometimes, the proper rest is needed in order to soar even higher. Shopify needs a deep pullback in order to draw in more trigger-scary investors who wait on the sideline. Such parabolic movement is not sustainable with RSI hovers above 70 since early 2017 on the monthly timeframe. Only one red bar in the last 14 monthly...

Libratus

Ready to buy on the dip? NIO suffers from the same issues that Tesla has... Production capacity and profitability... But it benefits from the same hype- EV is an emerging and environment-friendly trend. Furthermore, China is the biggest EV market and only 2% of the market is tapped. Tesla may have the first mover advantage, but NIO enjoys the recognition...

Libratus

Almost two months into the uptrend and,it seems that BTC is well into the green zone judging from the weekly timeframe. Bitmex OI just hits 10 figures, but I want to see a little bit more volume. Binance OI is rising steadily and long consistently hovers above 50% the past 30 days. We can assume the rise of OI coincides with the rising bullish...

Libratus

This week is nothing but reverse bart patterns and scam wicks! I guess this is the result of decreased liquidity caused by the slowly declining volume during the consolidation phase. Bitmex is trading below 2 billion volume as of now, yet open interest is on the slow ascending trend. This tells me the accumulation is taking place possibly by big fishes. In...

Libratus

Will the BTC option launch on CME finally kick off the long-awaited price surge toward the glorious BTC halving? On the fundamental side, all the metrics list in my chart indicate that whales and long-term holders have not moved much of their BTC holdings in a while, a bullish scenario to me because it means we are less likely to see a huge selling pressure if...

Libratus

BTC is off to the good start this year! Can it last though? I will spare you the head and shoulders bottom. Let's focus on the sentiment analysis because I think it provides important clues for the potential trend reversal. It is good that BTC broke out of the 6 months downward channel with above average volume on the daily timeframe and also managed to...

Libratus

Not much positive things to say about BTC price these days. Looking at 6 months chart, downward wedge on the high time frame and flag pattern on the short time frame. The potential double bottom fizzled out and turned out to be the weak failure swing pattern. There are two ways to look at the demand zone around 6.5k. You can argue that it is a relatively...

Libratus

The overall market structure is still low volatility and bearish BTC price continues the wedge/flag downward trend and was barely able to cross above EMA 20 and midlane of Bollinger bands before it was rejected by EMA 50. Multiple attempts by bulls at 7.5k proved futile as strong swing failure patterns are formed, a possible sign of split orders for the further...

Libratus

The period of violent volatility is long gone and it is being replaced by the slow downward trend as BTC marches toward the potential new low in 2019 6 months away from its 2019 high. BTC price is below all EMA 50, 100, 200 and all Ichi indicators except the lagging line, indicating a rather bearish sentiment BTC is ready to retest the daily trendline it broke...