The price is firmly holding above the ascending trendline, and price is also above the support area around $36,500, and price again started rising upwards if the resistance around $38,000 breaks strongly then after correction/pullback price may attempt to hit $40,000 as the next target...
*The content on this analysis is subject to change...
The willingness to learn, however, changes everything.
Active traders treat market analysis with an open attitude and they are interested in learning how to analyze the market structure. They combine concepts such as trends, patterns, and support and resistance to actively improve their analysis and trading skills. These traders are real manual traders.
NEW GEM IN CRYPTO - Real World Assets?
Real World Assets are assets from the real world that have been transferred to digital tokens for use in DeFi ecosystems.
Tokenization can cover different types of assets, including physical assets like real estate and bonds and intangible assets like copyrights
📈 The RWA sector, which began its development in 2022, is...
price is forming a Bullish Head & Shoulder pattern.
and RSI also made a break of the descending trendline
If we look at weekly chart, price is moving in an ascending channel moving upwards, and price is also above support
If we look at Monthly time-frame, price broke above trendline and is moving upwards
*The content on this analysis...
This is analysis shows my Wyckoff analysis, and what I think it will happen in the near future.
It also gives an idea of the levels where to sell and where you buy.
After this rally, it could be a good idea to close positions near 44.3k max. Then wait for the next LPS, make new entries, and hold during the next bull run after the halving near May 2024.
Prices and volumes of Bitcoin purchases at MicroStrategy
Over 9k BTC at an average price of 58000. 19452 Btc at $52765.
Even these whales are buying at the tops and sitting in the minuses for years
The largest holder of Bitcoin on the planet is not Microstrategy , but the Chinese government, cryptoanalysts found (twitter.com/cryptoquant_com).
In 2019, Chinese...
Hi , the market has been very boring for the last few months, I think it's hard to disagree with that.
During this time of course there has been manipulative pumping of small liquid altcoins.
But still boring or am I getting old :)
I see a further rapid decline in bitcoin price, in the next 2-3 weeks, liquidation of all those jaded crypto traders, and after that...
In this chart I have shown the worst case scenario that could happen.
As we have seen in the last few days, there are fewer traders on the market, bitcoin made +10% and only 77 million dollars liquidated - a very small figure.
But as after this movement, trading volume started to increase, but newcomers and others started buying altcoins....
When reaching the...
Lots of good news, but that's just at first glance.
Expectations and reality
1. Last week we had good news about XRP victory, and this news was spread all over the internet and the market reacted with growth. XRP is not a security, but those contracts sold to early stage funds may still be considered securities.
So the case is not closed yet and it will...
I think that many people over the last month technically see the Wyckoff distribution, I am not an exception and indeed it looks very similar, but we are now in an ascending channel
The monthly range is 29500-31500, and this distribution could be a trivial liquidity achievement from below. And then a return to the rising channel.
But if we want to see...
I will tell you about a way of motivation in the crypto market, which I sometimes use myself.
It is simple - I analyze large wallets. I have paid for several services to analyze wallets and the movement of crypto assets. I analyze the wallets.
There are profitable trades when I made dozens. Of course, it's nice to calculate your profit, but you analyze other...
We have one downward channel that we broke and went up and formed a new upward channel.
We are near the resistance line of this channel, we also have a liquidity zone (red box), which we have partially collected, I would expect that we can collect more liquidity up to 4465 and after that I expect a corrective move down to the first target 4100.
The last break we can interpret as reaching the liquidity zone (which means that there was a concentration of stop losses and other positions) is a book example, after such a liquidity selection we expect an upward movement. In this case we saw an impulse movement and a return to the range of 26800 -28900-31000. And now we are around 27k.
Also we see liquidity...
The ethereum Foundation sells ETH perfectly at local tops almost every time!
Ethereum Foundation's large-scale selling in recent years record : Recently the Ethereum Foundation sold 15.000 ETH. In 2021, EF did sell 20.000 ETH at high point. But in 2020, 100.600 ETH was sold at a price 657$
Potentially we can reach liquidity zones from below to eliminate all stop losses of long trades that were opened in the yellow zone, after that a strong upward movement is possible. The vision is the same, in May - April we will see the local peak of this movement
Technically, the market is doing very well.
We trade the market
60% + of all money in stable...
All through 2022 I was saying that we would see the bottom in November 2022.
Because of cycles
I tried to explain not only from the side of cycles, but also from other sides why a fall is possible
Warned that the bottom is near showed the month of November
In November 2022 I said that it was the bottom and it doesn't matter what price you buy at 16-17k,...
One lawsuit recognizing that one of the crypto projects is an unregistered security is enough. And all those projects who did Token Sales - ICO, IDO, IEO and other, did fundraising and sold tokens to funds, did airdrops, token burning - this is all a big problem for crypto projects by the SEC(The United States Securities and Exchange Commission)
Bitcoin and all...