BitcoinMacro

BitcoinMacro

The total market cap has fallen below the 300 DMA after more than 19 months of trading above it. In 2021 it touched it twice and bounced, but this time there was no bounce. It also slightly dipped below the Yearly P and swept the early December low, but the response to getting to these key levels has been underwhelming to say the least. Both BTC and ETH have hit...

BitcoinMacro

At the moment the USD is significantly overbought and could roll over at any moment. For now however what is more likely is a simple pullback and then continuation higher. As the Fed is determined to raise rates and inflation seems to be pretty high, the USD could appreciate even more and the US is very dominant. Maybe a stock market correction or a change in...

BitcoinMacro

The Russell is even cleaner than the Nasdaq. Two major buy / sell areas on the chart. So far the Russell has been playing the game of chop. Sweep the lows, sweep the highs and move in the other direction. The same way we had a failed breakout, we could get a failed break down. Best place to sell 2310-2360. Resistance/Gap combo and the real direction for now is...

BitcoinMacro

Haven't shared anything in a while, so I'd like to start with a simple idea. Buy the dip anywhere between 15000-15350. 15180 is the optimal place. Sell the rip anywhere between 16880-17400. Optimal place doesn't exist. Good luck!

BitcoinMacro

At the moment ETHBTC is at key support and doesn't look either very strong or very weak. However ETHUSD is gearing for a big breakout. It is just 10% away from a new ATH, while it keeps testing the 4k resistance. 3.6-3.7k turned into support and the market looks really strong. For ETHBTC it remains to be seen whether Ethereum and most alts take a backseat as BTC...

BitcoinMacro

MLN fell 99.3% both vs BTC & USD, in one of the most brutal bear markets. It had very few listings and was essentially only listed on Kraken, until the DeFi summer arrived. Enzyme was called Melon and it was one the oldest, smallest and most well managed ICOs in terms of how they spent their money. They really went through some very tough times and it was one of...

BitcoinMacro

The USD is currently looking pretty strong, with 96 looking very likely the first key target and resistance zone. It looks like it has formed a major based and has potentially bottomed for real... The US compared to other countries can raise rates a lot more and therefore the dollar could strengthen more, but the key is that raising rates will create all sorts of...

BitcoinMacro

In my opinion probably yes. I do believe Binance has done many things wrong over the years, especially in the US... so the hammer is coming for them too. They played games, they made tons of money... but in the end regulators will go after them for a million different reasons. Of course it will be mostly about control over the industry, but no matter whether I...

BitcoinMacro

All over the world we have regulators attacking crypto. Slowly, but surely... More and more exchanges having mandatory KYC , shutting down derivative products for certain countries, closing down registrations and trading for certain countries, as well as having issues maintaining and launching new products. China has essentially completed and finalized its...

BitcoinMacro

FETUSD has currently hit some key resistance and isn't the most beautiful chart out there, but FET has kept going up and up slowly. It has kept going back to retest all key breakout levels and then go back up again. Fetchai's market cap is currently at 590M USD, and it's inflation since launch seems to have been quite large (800%). FET was the first Binance IEO...

BitcoinMacro

This might ruffle a lot of feathers, but I'll say it : Cardano isn't a cryptocurrency, it's an idea, it's a movement, it's a marketing scheme, it's a cult. Until mid 2020 Cardano had no staking and up until a few days ago it didn't have smart contracts, yet it is the no.3 cryptocurrency. It's at 75B in Mcap and it has 22% of Ethereum's size yet nobody has really...

BitcoinMacro

A few weeks ago I shared an idea before ATOM started booming. ''ATOMUSDT had a very nice pullback back to the previous ATHs and has now reclaimed a key support level . Support turned into resistance and back into support. When Cosmos launched it had a nice big correction vs USD & BTC which was needed as the project launched with a huge ROI as it was at least 2...

BitcoinMacro

COTIBTC is coming out of a huge and massive consolidation. It's about to make new highs vs BTC and it is definitely making some very significant higher closes. Actually vs BTC it is looking like something between a slow & steady uptrend, and a huge accumulation. First target for a correction are its USD and BTC ATHs, but once it chops a bit around those levels...

BitcoinMacro

Despite the fact that the S&P is still largely bullish and a lot of data point to the upside, the truth is that currently the SPX has broken a very key trend that was tested many many times. It hasn't had a 10% correction since September 2020, while it has gone up 42% since its September 2020 low and 109% since its March 2020 lows. The truth is that it could keep...

BitcoinMacro

SOUL recently got a new USDT pair on Kucoin and essentially since then it has started a pretty serious strong trend. In USD terms it perfectly retest the 0.3 level which was a key breakout level and bounced really hard. The coins that have bounced the hardest after a big dip are usually the ones that do the best in the next few days / weeks. Phantasma has had...

BitcoinMacro

NEARUSDT again near the highs. The more it touches these levels, the more likely it will break out. In the short term it might have a pullback but long term I see it going much higher. Like several other coins it was on that got several high profile listings early on, but didn't have a really big move. Personally I like low profile layer 1 protocols that could get...

BitcoinMacro

Despite AMC & GME having either bad business models given the era we live in or bad financials or a mixture of both, the meme stock craze doesn't seem to be going away. AMC currently at about 17-18% short interest of free float and GME at about 12-13% short interest of free float. Neither heavily shorted, but there is some juice. Clearly neither as short as during...

BitcoinMacro

Netflix has been chopping for more than a year now and consolidating really hard, but with a clear emphasis on the upside. It's still showing signs of strength and could move much higher pretty soon given that it's been in this range for 14 months. Don't know much about the financials of Netflix but I do know it's growing and is one of those companies that has a...