From the point of view of the whales' liquidity, quite large purchases have appeared in the range of 33-35k, this level will most likely be a support where big players will select positions during the current correction. A possible worst-case scenario is a fall to ~28k, which is the last acceptable good point for replenishing the Bitcoin position. 💡If such an...
ETH does not have such a long history as Bitcoin, so cycle analysis is limited to the past cycle only. And we have a problem, last time there was a black swan. In order to compare with the previous cycle, I corrected the situation as it would have looked, if no unlikely events had happened. 🪄 💡What can be seen is that after the end of the accumulation phase, the...
Let's look at the TOTAL3, as you can see from Fibonacci, this cycle of altcoins sold off much stronger, they did not test the 0.5 zone. Even if we take into account the growth of stablecoins, altcoins still look oversold and I would expect an exit from the 0.23 zone.↗️ 🧐Many alt-season skeptics say that #bitcoin dominance still has room to grow, here I can say...
Are we now headed for correction or continued growth? In the moments between the bottom and the halving, this period also often coincides with the accumulating phase, where CRYPTOCAP:BTC enters the oversold rsi, which is accompanied by a local peak or midcycle peak as in 2019. 💡From the point of view of RSI, our situation is more similar to the period before...
What effect does the change in monetary policy in China have on MIL:BTC ? Here the influence is not as significant as with the dollar. But it is also well noticeable that the ratio of short-term bonds to long-term bonds, every time the trend line breaks (like now), bitcoin enters a faster growth phase↗️ Now we expect a break in the trend of the yuan, and this...
However if you look at how the price broke out of the supertrend baseline in 2020, you can say that history repeats itself. In both cases, a year passed from the bottom of the cycle, and the price consolidated for some time below the trend line. Then a 20% breakout↗️ What's next? Will the rhyming continue and we will fall like in 2020? I think not, this poetry...
In the past, the 0.618 Fibonacci mark quite often coincided with the price at the time of halving. The latest movement of bitcoin confirms my words, that at the moment of halving, the price of bitcoin will be in the region of 40k. And no, this does not mean that we cannot overcome this mark by then. But this is as a guide in which direction the price is...
In the last DSS post, I said when the moving averages enter the overbought zone🟩 on the Double Smoothed Stochastic oscillator, we get a red month candle. After that, the morning star pattern will mostly appear, which surpasses the drawdown (as in 2020). And so it happened, we can see the number of bears who have caught on to this and are now very sorry looking at...
Lately, I have shown the liquidity map quite often, and this large zone in the range of 31-34k, which we had to accurately capture. And that happened. More than 300 million liquidations. What happens next? As you can see, new short positions appear (36-37k), with large leverage, mostly after this there are 1-2 more local movements where short-term traders are...
As we can see in the last 2 weeks, there is a strong positive correlation (green histogram). In the long term, this correlation will grow, because if you read the white paper of Bitcoin, it is primarily a protective asset created to fight crises of the 2008 type. Why is gold rising now? In addition to macroeconomic reasons, geopolitical risks are added. There is...
$RIF Got out of the "fear" mode. Most people underestimate social analysis, and this is one of my favorite indicators, because that's why I developed an interpretation of it that also works with altcoins. As for the technical picture, a long-term wedge that has broken through is also clearly visible here, and the target of the wedge in #RIF coincide with the orange zone
At a time when most analysts were saying for the last 2 months that we will soon go to 20k, I did not stop repeating that I do not expect a fall, but on the contrary, growth in mid-October. As we can see now, CRYPTOCAP:BTC is gradually gaining a foothold over BMS, I assume that we may test it as support in the near future. Also, entering the overbought zone on...
For almost a month, the price has been consolidating near the BMS, consolidation below the resistance zone often leads to a breakdown (need to wait for the closing of the weekly candle)👀 Also, the Wave Trend crossed into the bullish side and it seems that we can expect a green signal. In that case, I would expect local highs(31k+) in the next few weeks↗️
The chart shows the zones where major players opened and closed positions. As you can see, we are now stuck between zones 25k and 30k I also added a CRYPTOCAP:BTC liquidity map to better understand where liquidity will potentially be collected in the future. 💡As we can see, every correction is actively bought and this does not allow to collect liquidations at...
Let's look at the situation, from the point of view of the 2nd cryptocurrency, and how we ended the most protracted and at times boring phase of the market. The main resistance at this time is the Keltner channel baseline. Notably, during this stage on RSI, we do not enter the overbought zone. 💡This phase ends in coordination with the BTC halving. First, the...
Today I saw a headline that surprised me "The current bear market has become the longest in the history of the crypto industry"📰 And I had a question about whether they were living in the past, or where they saw the bear market.🤔 💡I want to remind you that it ended with a duration of exactly one year, just like the last cycle. And it was much shorter than in...
LSE:TRB is overheated on the Feels indicator. I think everything is clear here, first - fear + green zone, then greed and orange zone. +400%/+600%💸 They say that now it is difficult to make a profit in the crypto market, with the right tools at hand there are no such problems ----------------------------------------------------- So, what does social analysis...
I've already described before, it's clear to everyone the correlation, a weaker dollar = a positive for Bitcoin. The chart below clearly shows the moments when 2 assets are correlated (circled). Now the dollar is breaking its short-term trend and will most likely continue its downward movement. On our inverted chart, this is an upward movement that will provide...