Warning to all and prepare for impact because my alert has just been triggered and its not a good thing.
There is one indicator that hasn't failed me yet its this on-metric on glassnode.
BTCBitcoin: Spent Volume Lifespan 7y-10y
This shows me when massive volume of the genesis wallets when there moving about and as you can see in the chart it pin points tops...
26 Nov Sat
There is no strength in the market. Could be due to long weekend for US traders. We haven't broken MS structure to the downside below 16300, which is a positive sign.
Currently price stays in area of high concentration of volume. That means we need a lot of conviction to break above it. Another wick down before rally is reasonable.
Since there is...
26 Nov Sat
Low volume on last two trading days would suggest that it's a retest of the move up, but it also might have just happened for the reason of US holidays and long weekend. On Thursday we have seen price wicked above nearest supply zone, which is good, but there wasn't enough strength to close above it.
Having in mind SP bullish prediction for this week...
26 Nov Sat
Nearing week end for crypto. This week we have seen struggle around 16k level. Recent events around FTX sent crypto space down despite SP500 being bullish. IF tendency of SP continues to be bullish we still might see quick run up to the previous range above 18k. Right now this is first barrier for the move up and a place where the bounce down will occur...
In this post, I used an on-chain metric that works based on the momentum of the total volume on the blockchain network and can provide early signals about future trends. (you can find it below)
As you can see, the total volume of transactions continues to decline and there is no sign of an increase in the volume of the blockchain network
The increase in price, as...
Who is Satushi nakunata ? Do you know him , i knew a guy who knew a guy and he says at the end of the day the truth will always comes out and when it does it would be the King assassination day .
If you ask me i would say blockchain will survive and a whole new generation of investors will enter the 9 figure club . Those who know the diffrence between the value...
Hello everyone, this is my trading idea for the next months, as shown in the video, for the idea to be valid we must first wait for a test of the support around 14k or a break of the resistance (corresponding to the ATH of 2017) . Thank you all!
Here is the calculation that show $13k as the bottom zone for Bitcoin
Pi calculation show the bottom:
1st cycle top: $31.91
31.91×0.2 = $6.382
BTC 2nd cycle top $1240
1240×0.4 = $496
BTC 3rd cycle top was $19804
BTC 4th cycle top was $69000
Bitcoin Bull Market Support Bands
Despite on false signal at Corona sell-off every cross above the Bands led to a great #bullish momentum for BTC 👀
What will you do when we see the next cross within the green investors zone🟢dear Crypto Nation❓
Let me know your thoughts in the comments🤗
Likes and Follow for updates appreciated🤗
Based on micro economy and other bitcoin news we have nothing to go up, we are still on bear market and on daily time frame when we broke from all time high resistance we never retested that are. Resistant suppose to become support and then bull run will start. Until that I'm bearish
Analyzing the Bitcoin 2D chart, we have a reversal pattern very close to important lines, so I believe that this region of 15,300 will hold the price and give us a good corrective high.
I believe we are going to have a bullish move or more of a bottom test, with maybe a quick breakout and then a rally like I drew on the arrows.
The picks for ETH and BNB are...
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