Trade ideas
BTC to GOLD ratio shows bottom could be close !This ratio has proven to be effective at least 4 times since the secular Bitcoin bull market has started:
JAN 2015 - AUG 2015 - DEC 2018 - MAR 2020
Will it show the way in JUN 2022 ? Odds favour it might be so !
Either the ratio touched the 7 year ascending trendline (JAN 2015 - AUG 2015 - MAR 2020)
Or the RSI of the ratio reached deeply oversold levels (DEC 2018)
In JUN 2022 we will have both (ratio touting the trendline AND RSI reaching very oversold levels) !
Moreover the ratio will touch the previous ATH of DEC 2017 (indicated by the light blue horizontal line).
This had already happened in AUG 2016 when the ATH in the ratio functioned as support. Please note the light blue arrow !!
So now we have 3 indicators converging !! In JUN 2022 we will have ratio support line, RSI at around 30 and the previous ATH giving support !
PERSONALLY I think we will hold these levels !
* Shout out to Christopher Aron for showing me the important BTC GOLD ratio 7 year trendline !!
BTC BOTTOMFrom marketcap perspective i think we can bet on 45% drop from current bitcoin price currently at 30k,
it will bring bitcoin to 13.5k buy zone.
Alts will get to march 2020 prices.
I will look at projects with good fundamentals like chainlink $link, because it didn't perform well and in case it will run like in 2020.
I keep an eye on xrp, ethereum, dot and fantom ecosystem
Bullish wave coming So as said in earlier published idea. BTC does consolidation in the support area as I said, now forming a pattern in lower timeframes. This is the best time to get into crypto for long term BTC is gonna bounce from here and the BTC mining rate halving is really close. The RSI shows a historic support area, also the pattern forming in weekly charts is pretty accurate. Green candles from here !
Abdjo indicatorHi
the idea that I have thought too much about it, how to read the chart in a simple way. then I have a way to make hypothetical indicators that could help you to study the movement of the chart and the market.
the chart is very simple, depending on the market cap and volume.
when we add the value of market cap or volume, the chart moves according to this value. it will give us the shape of the market movement.
we can make the market cap rise up and down and the chart will move according to this value. same thing for volume.
so when we set, for example, 1.3850 Trillion Dollars as market cap till 2.550 Trillion Dollars as a maximum top. and let the market cap up step by step, and the chart is built according to market cap value, then we will have a hypothetical chart tells us the shape of the market if the market works according to this scenario. just when press on the button (play) it start counting and build the candles.
then we can add another value and change every time to have different charts and scenarios.
I hope the idea is clear to you.
regards
Expect a bounce soon in BTC As I had showed my idea in my earlier publish, BTC DID FOLLOW EXACTLY THE SAME PATTERN but it was so quick and without a small relief bounce. So from here I expect BTC to do some consololidation n touch the support line a few times n then bounce for uptrend till the resistance area. Potentially braking above it after 2 3 test on the resistance. For me I think BTC could touch max 27k in a quick dip. Nothing below that. 27k-30k is a good buy zone for long term holders. Also the weekly ema as u can see, follows a nice pattern, support and resistance are accurate. I expect the resistance will b broken above in the next bull Run.
BTC is now viewed by crypto investors as our gold bullion!Bulls investors, here's an update on BTC as our gold standard bullion vs DXY, EURO, NDX Gold, JPY/KRW (KRW is very hot right now and JPY is weak!).
Bulls investors, it's time to pump up BTC as King of the hill (our Crypto barometer and crypto's digital gold bullion)!
The next post will be an update on BTC's bear squeeze and other Altcoins bear squeeze at play!
Regards,
O_M_S
Relative Strength Index (RSI) author died this day one year agoThe inventor of the Relative Strength Index (RSI) died this day one year ago.
🕯 RIP 🕯 John Welles Wilder Jr.
RSI is an absolute favorite technical oscillator.
Grateful for his contribution to this space. 🙏
en.wikipedia.org
en.wikipedia.org
Decline in buy side to sell off Recognizing the Local top was easy
What's next is setting up
We have BTC conference in April witch is my opinion is utter influencer dog shit
Fun to Meet with internet friends or to network
But what to take into account here
is that ASIA is sharp they take Markets and jobs seriously
This might be more of a liquidity Flush even similar to last year
Not that these Larps really trade size or trade at all
But the idea is this creates euphoria
and that can catch dumb Money off guard
BTC is the future but near term is what we are interested in
Watching Weekend PA and looking for set ups
Keeping a level head and surviving is all We need to do
Trend is in tact from 680 Billion
top RSI was 911.606 Billion March 29th
814B Time of writing Friday April 8th post CME close
-97B from RSI on the 29th
A target of 720B retest would be -94B taken off the table
Roughly +49B inflow to retake the previous demand consolidation area we fell from
its easier to scalp alts than bet big in this weird area
waiting for a high conviction deployment play again
BTC Might Not Be The Biggest Coin In The Crypto Market🚨
Heard of that crypto priced more than #BTC?
#PLC ULTIMA Current Price: $74,280
I have spent so much time trying to study this assest but it's quite a little tricky trust me.
#PLC ULTIMA Mission
The PLCU mission is to give hundreds of millions of people who are deprived of traditional fintech services access to a global financial infrastructure and instant payments around the world.
#PLC Ultima Stats
Price Change24h : $5,206.18
Trading Volume24h : $9,895,368.85
Volume / Market Cap : 0.001002
Market Dominance : 0.00%
Market Rank : #2879
PLC Ultima Market CapMarket Cap : $9,879,583,593.07
Fully Diluted Market Cap : $813,729,553,326.22
So after a deep look at the statistics above I found out that #PLCU ULTIMA maybe a scam!
*Ander' Reason For Claims*
How can an over priced coin have such low trade volume ?
Answer : That's because most of the funds(volume) in this assest are not trading rather are staked(farmed), really nice so meaning about a large sum of this assest is being held in a private wallet, my big question is, what if that whale decides to take off his funds today along side his/her interest?
You see where that lands you, no real value for you!
Now why is this big elephant only listed on tier 3 exchanges?
If they are this big why can't they afford an immediate listing on binance?
The more I kept looking into this crypto assest I keep doubting it true purpose.
Be aware Ander






















