Paraman666

Paraman666

It´s been a while, since the SHORTS on bitmex was in majority for a such "long" period of time, last time this happened was in January at 30k levels and we know now, that in that moment the bottom was forming. When the premium/funding index is negative, whales are getting fees from those, who are in SHORT, that´s why it´s much wiser for them to push the price up....

Paraman666

BTC dominance is still making lower lows, but RSI is just totally exhausted and since 7th of April, RSI is making higher highs. But yet, when I look on the charts of altcoins in USD pairs, they are looking very well and I think most of the altcoins actually bottomed out and they are ready for another bullish cycles. So I think, BTC dominance will go up, but prices...

Paraman666

It´s quite remarkable, that bitcoin is only 20% far away from previous all time high and still the most people on bitmex are in short position, based on funding index - just wow. But still, I thought, we go down to 44k, because 44k is very strong level and many people have orders there but we bounce up from 47k - that´s why I think, there is still possibility,...

Paraman666

KSM finished only first wave in bull cycle, we have nice volume cluster at around 230 $ and there I think we will see some re-accumulation, but then the uptrend will very likely continue. Daily RSI has dropped a lot, so there will be a lot of room to the upside. First target will be of course 1:1 extension of first wave, but we will probably hit targets like 1140...

Paraman666

1INCH has been consolidating for almost 3 months, no idea how much longer price will go sideways, however it´s pretty obvious, that big players are accumulating positions and I am pretty sure, they are not accumulating short positions. It should be only matter of weeks/few months, until we hit 10$. Not a bad buy at all at current prices.

Paraman666

You can hate XRP, but you have to admit, that this is pretty nice textbook downtrend correction in uptrend trend. Triangles are always one but last wave in the cycles, so the correction should be finished right now or we might hit one new low, but then I am expecting rallye way above 2$. That crazy increased volume on XRP has definitely some meaning.

Paraman666

Sentiment really shifted after that weekend dump and when I looked on funding rates on all exchanges I can clearly see, that everybody who was leveraged long on pretty much any altcoin or bitcoin was stopped out. Sentiment is currently neutral and pretty much nobody is opening positons - most people are in waiting mode right now. On the chart of BTC futures, I...

Paraman666

BTC dominance has been dropping,dropping and dropping, while altcoin were/are pumping, pumping and pumping. I think there is still more room to drop, we have really strong support from the past at 53% - 50%, HOWEVER we have pretty big divergence on RSI, this divergence is typical for final 5th waves, so I would be careful with opening any new positions on...

Paraman666

XRP had nice uptrend cycle, but I am quite sure, that XRP is at the end of some cycle, we have nice triangle as a 4th wave + RSI divergences, which very often shows, when the 5th wave is finished. First support is at 1,3 $, but then we will probably drop much deeper.

Paraman666

Eliott wave traders are having really hard time with bitcoin, beacuse we are always trying to identify, in which wave of the cycle the market is - and currently there are so many valid wave counts on bitcoin on high time frames, that is almost impossible (at least for me) to make some long term analysis - however I am seeing some signs, that are suggesting, that...

Paraman666

Sentiment (positions on bitmex) finally shifted from slightly posittive to slightly negative, the most people who were in LONG are out of the market righth now. Right now, I think the most probable move is to the upside, at least to 70k or 80k, but bitcoin is famous for overshooting, so we might easily test 100k.

Paraman666

BTC Dominance has been in the downtrend since the beginning of 2021, however I think, we are currently finishing the final 5th wave of this downtrend cycle and after this 5th wave is finished, we should see at least 3-wavish correction. This move up on bitcoin dominance will be probably caused by very volatile move on bitcoin (probably to the upside, somewhere to...

Paraman666

Running triangle is special type of triangle, where top of the wave "B" is above the beginning of the first wave. But all other things are same as for normal triangles and the most important rule is fulfilled - all the 5 waves (we have only 4 wave currently) must be 3-wavish. We also have really nice triangle developing on RSI. Also triangles are always "B" or 4th...

Paraman666

BTC is currently consolidating below previous all time high and we can clearly see, that the highest amount of volume that was traded for last 3 weeks, the highest amount was traded at 58750 - it means, that buyers are willing to buy the most in this zone, not any lower, which should be bullish. We also have bullish divergence on RSI. Also BTC bominance is...

Paraman666

GRT is currently above key trendline, price is also above huge volume cluster, the accumulation is probably finished and we should go up pretty quickly, somewhere near to 4$.

Paraman666

Amount of tether is increasing on daily basis. More tether -> more money to be traded with on derivative exchanges = more money -> probably good mood and optimistic view to the future = optimistic view to the future -> prices are going up :D

Paraman666

It seems like, that "old" coins that were underperfoming pretty much all altcoins and bitcoin past years (I am talking about LTC,BCH, EOS, ETC, XRP) are preparing for comeback. ETC is currently locked in sideways range, on all time low, HOWEVER the volume that was traded in this range already surpassed every other zone on this chart - it seems like big boys are...

Paraman666

I am really surprised, that indices and bitcoin are not responding to strengthening dollar as they usually do - when dollar is strengthening, stocks, bitcoin, crude oil and precious metals, all these assets should be going down. Amount of longs on bitmex is increasing a lot, so we should be setting some local top very soon.