Hello traders As you know bitcoin started to turn bullish weeks ago, market greed has increased, and dominance is above 42%. On a day to day charts and the short term, Bitcoin hit a supply zone that is pretty strong in every timeframe. I see a rejection from that zone, and I think this rejection might create a bearish momentum for the short term; in other word, I...
Hello Traders As you can see in the chart above, Bitcoin is currently in a resistance zone which can cause capitulation. I Screenshotted a metric from Glassnode called addresses with a supply of more than 1K, Which decreased drastically in the previous bitcoin bullish movement; this alone can confirm the technical scenario. On the network data side, I saw most of...
Hello Traders, As you know, Bitcoin has rallied in the past few days, but it did not get corrected ever since. Technically on the Logartmic chart, bitcoin has broken out of its bearish trendline. I expect the price to test its previous levels to get more liquidity to continue its bullish movement. On the Onchain side, Long term holders moved their bitcoin in more...
Hello Traders As you know, the inflation rate decreased to 6% in the past day, this news created a significant bullish movement for Bitcoin Price, but don't get FOMO, Yet. As you can see Bitcoin's overall Technical shows that, the price is still in a bearish phase in the bigger picture, and is currently on an excellent resistance level, both Dynamic and static. On...
Hello Traders Bitcoin moved yesterday as we predicted with on-chain data; you can see it in the previous idea. I screenshotted a metric today called ASOL from Galssnode; Average Spent Output Lifespan (ASOL) is the average age (in days) of spent transaction outputs. This measured value has spiked today, which means that there will be a possible risk to the price....
Hello Traders As you can see in the chart above price has broken the higher levels, and now it needs a correction to continue its movement. On the Onchain side, I screenshotted a metric from Glassnode called Long term holders SOPR; the Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a...
Hello Traders As you can see in the chart above price had a bullish momentum; in the past week, Dollar Index had a death cross and decreased, which can sustain this bullish movement of bitcoin. On the Onchain side, I screenshotted a metric from Glassnode called Net realized Profit/Loss, which is the net profit or loss of all moved coins. The metric value has...
Hello Traders First of all, happy 2023, wishing you all a profitable year. I started my analysis and will post daily, except on the weekends. As you can see in the chart above, the price was ranging in the previous weeks due to the holidays and volume decrease. I saw a significant movement in the network today, and I believe price can see higher prices, but first,...
Hello traders As you can see in the chart, we predicted the market move in the previous post, I see there is a FOMO on the buying side, but some of the old wallets are selling their bitcoins. I Screenshotted a metric from Glassnode called supply held by address with 100 to 1k Bitcoins. This metric has decreased today, which means the price can see lower levels...
Hello Traders In the past few years, the volume of bitcoin has decreased each time Christmas and New Year are close. This can also be seen in the candles; we might see less volatility in the price. So let's dive into today's analysis; as shown in the chart above price is consolidating after the bearish momentum. On the On-chain side, I screenshotted two metrics...
Hello traders In previous days, significant events reversed the bitcoin trend, including SEC and Binance and federal Reserve Powell Speech. We predicted that the price needed a correction in the previous post. As you can see in the chart, the price corrected itself to the 0.618 Fibonacci level and now might consolidate over the weekend. On the On-chain side,...
Hello Traders As you can see in the chart above, it has started to rally due to the recent CPI Report. The macroeconomy has a direct influence on high-risk assets, so always keep a watch on macroeconomic analysis. On the Onchain side, Smart wallets have slowly accumulated bitcoin in this 1000$ range of bullish momentum. I screenshotted a metric from Glassnode...
Hello traders As you can see in the chart, I prepared the analysis to share it sooner, but something came up and I forgot to publish it, anyway better late than never. Bitcoin price has fallen drastically yesterday as predicted in the previous analysis. As of today, I'm expecting the price to make a pullback to the main broken trendline, since the on-chain data is...
Hello Traders and analysts. As you can recall from previous analysis, Bitcoin had a bearish movement, and we also predict it. I screenshotted a metric in Glassnode that shows the supply of wallets between 1K to 100K. This chart is hourly and shows today's movements between wallets; as you can see, the value has decreased today. This chart indicates that correction...
Hello Traders and analysts As you can see in the chart above, bitcoin price has a bearish movement, but the question will be, will it continue its trend or not? I took a screenshot from Glassnode from a metric called the number of addresses> 1K, and this metric shows precisely what the name says. These wallets are ingenious and can lead the market movement. As you...
⚡️ #BTC OUTLOOK - 20/07⚡️ We have arguably broken the range that we are in although it is definitely on the edge. At the moment there is still a sizeable amount of shorts above us (approx. 1k BTC on Binance - doesn't seem huge but relatively it is pretty big). The worst thing that can happen is losing $22.9k then I feel it would be a bit of a collapse back in...
A massive volume of BTC left centralized exchanges tracked by Glassnode in March. According to the on-chain data provided, traders and investors removed approximately 211,000 BTC from trading platforms to their private wallets or exchanged the cryptocurrency for fiat.
Intro: Do Bitcoin HODLers fail to take profits at the right time? Do they avoid capitulation at the worst time? Do they sell early in the first rally after a bearish period? The recent data says yes, but that's a change from pre-2021 where HODLer behaviour appears more rational. What changed? Description: Here is the Bitcoin price for the last decade and...