LTC/BTC
There's something to pay attention to.
⚠️ Look at the bearish divergence on the daily chart. That definitely does not favours a bullish continuation.
The only thing that can keep Litecoin from falling is LTC Shorts on Bitfinex posting new all time high, which creates environment for a short squeeze.
Either way, it's time to raise stop losses or to book profits.
There's something to pay attention to.
⚠️ Look at the bearish divergence on the daily chart. That definitely does not favours a bullish continuation.
The only thing that can keep Litecoin from falling is LTC Shorts on Bitfinex posting new all time high, which creates environment for a short squeeze.
Either way, it's time to raise stop losses or to book profits.
Guys, here's a really fascinating chart
The yellow line is the price of Bitcoin.
The blue line is $ value of daily mined coins. The $ value of daily mined coins represents a very accurate measure of mining profitability & selling pressure coming from these "Mandatory Sellers"
How the metric is derived: the number of coins mined on the day multiplied by USD valuation on the day.
According to this metric (blue line) we have always pulled back to the prior swing high and rebounded. This concept really looks interesting.
❗️But it's not that simple. First of all, when you have such a perfect relationship, it has to make you nervous that it's time for this relationship to break.
When it happened in the last bear market, we hit prior swing high in January, and then we hit it several times. So, just because we touched it in December of the last year, it doesn't mean that we're not gonna touch it a few more times.
Why do we think this metric is more consistent?
Because if we consider regular BTC price chart, the swing high in 2011 was $30. The swing low in 2013 did not meet the $30 swing high, we only fell to $45. But if you look at the metric, we did reach the prior swing high.
📌 This is decent evidence that 3k might have been the low, because from the technical perspective we need to go back and retest the prior highs. According to a much more consistent metric of touching prior swing highs, we did bottom. (Although we think there is more downside waiting for us)
This chart is suggesting that based on very good history the low is in. This does make us optimistic about the price of BTC.
The yellow line is the price of Bitcoin.
The blue line is $ value of daily mined coins. The $ value of daily mined coins represents a very accurate measure of mining profitability & selling pressure coming from these "Mandatory Sellers"
How the metric is derived: the number of coins mined on the day multiplied by USD valuation on the day.
According to this metric (blue line) we have always pulled back to the prior swing high and rebounded. This concept really looks interesting.
❗️But it's not that simple. First of all, when you have such a perfect relationship, it has to make you nervous that it's time for this relationship to break.
When it happened in the last bear market, we hit prior swing high in January, and then we hit it several times. So, just because we touched it in December of the last year, it doesn't mean that we're not gonna touch it a few more times.
Why do we think this metric is more consistent?
Because if we consider regular BTC price chart, the swing high in 2011 was $30. The swing low in 2013 did not meet the $30 swing high, we only fell to $45. But if you look at the metric, we did reach the prior swing high.
📌 This is decent evidence that 3k might have been the low, because from the technical perspective we need to go back and retest the prior highs. According to a much more consistent metric of touching prior swing highs, we did bottom. (Although we think there is more downside waiting for us)
This chart is suggesting that based on very good history the low is in. This does make us optimistic about the price of BTC.
SC/BTC
Siacoin broke out of the months long falling wedge on heavy volume. Notice how the volume has been gradually increasing during these months of accumulation.
Look how SC is being supported by 50-Day EMA & 100-Day MA. We're not saying it definitely will moon, but the chart looks promising & there is massive upside potential should the market behave properly. Don't forget to manage your risks as we're on the brink of something big.
Entry: 68-65 sats
🎯Targets on chart.
Siacoin broke out of the months long falling wedge on heavy volume. Notice how the volume has been gradually increasing during these months of accumulation.
Look how SC is being supported by 50-Day EMA & 100-Day MA. We're not saying it definitely will moon, but the chart looks promising & there is massive upside potential should the market behave properly. Don't forget to manage your risks as we're on the brink of something big.
Entry: 68-65 sats
🎯Targets on chart.
#BTC
All eyes on this Rising Wedge (bearish pattern). We should see decisive move very soon.
4.1k region is a big resistance
All eyes on this Rising Wedge (bearish pattern). We should see decisive move very soon.
4.1k region is a big resistance
CryptoBullet
#BTC All eyes on this Rising Wedge (bearish pattern). We should see decisive move very soon. 4.1k region is a big resistance
#BTC update: as you see BTC crashed by $100, but buyers stepped in and now we're back above the rising wedge support.
📊 Bitcoin’s market dominance is quite different from what coinmarketcap.com is showing us. To find the BTC’s true dominance you should take liquidity into account.
A new metric, Volume-Weighted Cap, is derived and shows that Bitcoin has Pareto dominance (>80%) on the market.
Great article about it: https://medium.com/@jpthor/bitcoins-market-dominance-a9693ff604bf
A new metric, Volume-Weighted Cap, is derived and shows that Bitcoin has Pareto dominance (>80%) on the market.
Great article about it: https://medium.com/@jpthor/bitcoins-market-dominance-a9693ff604bf
Medium
Bitcoin’s True Market Dominance
Analysing Bitcoin’s true market dominance, taking liquidity into account. A new metric, Volume-Weighted Cap, is derived and shows that…
CryptoBullet
AE/BTC Coming to the apex of the pennant + increasing volume. Looks like after a pretty long time of accumulation we could break out to the upside. Entry: 1080-1160 🎯 Targets: 1274 - 1393 Stop: 1027
Moving stop loss to 1145. If it is hit, there won't be loss or profit.
BTC can wipe out all altcoins' gains any moment. Stay cautious ⚠️
BTC can wipe out all altcoins' gains any moment. Stay cautious ⚠️
CryptoBullet
#BTC update: as you see BTC crashed by $100, but buyers stepped in and now we're back above the rising wedge support.
BTC finally on the move 📉
4 days ago we pointed out this rising wedge and the RSI divergence. We gave two targets and the first one has been reached!✅
📌 Earlier today we tightened stop loss on AE and it has been hit in no loss. Also today we warned you about potential BTC move to the downside which could harm your positions.
Hope our analysis helped you to not get "rekt"
4 days ago we pointed out this rising wedge and the RSI divergence. We gave two targets and the first one has been reached!✅
📌 Earlier today we tightened stop loss on AE and it has been hit in no loss. Also today we warned you about potential BTC move to the downside which could harm your positions.
Hope our analysis helped you to not get "rekt"
💭 Most people still don’t know anything about Bitcoin except its price.
But they don’t know why Bitcoin has a price in the first place. Hence the skepticism!
💡When you don’t know why something has a price, it is impossible to understand how much it can really be worth.
But they don’t know why Bitcoin has a price in the first place. Hence the skepticism!
💡When you don’t know why something has a price, it is impossible to understand how much it can really be worth.
☝️That's what we call accuracy🎯 Look how it reached the target and retraced. It took less than one day to make +18% on this trade!
CryptoBullet
💭 Most people still don’t know anything about Bitcoin except its price. But they don’t know why Bitcoin has a price in the first place. Hence the skepticism! 💡When you don’t know why something has a price, it is impossible to understand how much it can…
Bitcoin Value Proposition
We believe that never in our life-time we will have something that is so disruptive on such a big scale.
📍Bitcoin is unfakeable digital gold with limited supply (21M) that you can instantly teleport from one impenetrable vault to another, opened only using your self-generated password, nobody able to stop your payment, with no registration or intermediary required.
In the 90s people couldn't imagine that the Internet would replace newspapers, TV, phone calls, shops & many other things.
💡Today, people can't imagine Bitcoin becoming mass adopted money. Bitcoin will do to money what Internet did to information. And money is a way bigger market.
Now let's consider the buckets that people store value in:
Gold: $8T
Stocks: $75T
Fiat: $90T
Real Estate: $220T
Then someone figured out how to make an Internet-native digital scarcity, thus:
Bitcoin: $60B
In a post-industrial Internet age, do we really think it'll remain a thimble not a bucket?
We believe that never in our life-time we will have something that is so disruptive on such a big scale.
📍Bitcoin is unfakeable digital gold with limited supply (21M) that you can instantly teleport from one impenetrable vault to another, opened only using your self-generated password, nobody able to stop your payment, with no registration or intermediary required.
In the 90s people couldn't imagine that the Internet would replace newspapers, TV, phone calls, shops & many other things.
💡Today, people can't imagine Bitcoin becoming mass adopted money. Bitcoin will do to money what Internet did to information. And money is a way bigger market.
Now let's consider the buckets that people store value in:
Gold: $8T
Stocks: $75T
Fiat: $90T
Real Estate: $220T
Then someone figured out how to make an Internet-native digital scarcity, thus:
Bitcoin: $60B
In a post-industrial Internet age, do we really think it'll remain a thimble not a bucket?
#BTC
📍We are sitting right at the resistance cluster. 4200 has been very impressive overhead resistance for price.
But here's the thing: Resistance is only resistance once. 4200 has been crazy resistance already. It's not resistance anymore. It's a level that is going to break.
[ If the resistance gets touched for the third or the fourth time, it becomes a level that is gonna get overtaken. Yes, it may reject price again, but the probability of that happening is 10% ]
As it's been so long below this 4200 mark, if we do pop above it, we're gonna take a pretty good run close to 5k and then it should be the end of it.
❗️But it's gonna be difficult to get to 5k, because now longer term MAs are below 5k and we quickly getting down. If it takes us 3 weeks, it will be difficult to get above even 4500-4700, just maybe on a wick or a big spike up.
💣 Look at the CMF on the daily! It's the highest it's been all year. This means amazing accumulation and ready for a break out.
📍We are sitting right at the resistance cluster. 4200 has been very impressive overhead resistance for price.
But here's the thing: Resistance is only resistance once. 4200 has been crazy resistance already. It's not resistance anymore. It's a level that is going to break.
[ If the resistance gets touched for the third or the fourth time, it becomes a level that is gonna get overtaken. Yes, it may reject price again, but the probability of that happening is 10% ]
As it's been so long below this 4200 mark, if we do pop above it, we're gonna take a pretty good run close to 5k and then it should be the end of it.
❗️But it's gonna be difficult to get to 5k, because now longer term MAs are below 5k and we quickly getting down. If it takes us 3 weeks, it will be difficult to get above even 4500-4700, just maybe on a wick or a big spike up.
💣 Look at the CMF on the daily! It's the highest it's been all year. This means amazing accumulation and ready for a break out.
#BTC Weekly
Now let's talk about what really bothers us:
Current weekly candle is on a TD-9 and there are concerns that it will pullback the market. How hard can we drop? The 100-Day MA could catch us again (currently at 3760). ⚠️ To save the structure we shouldn't go below the ascending trendline.
📌 Due to this we can expect 4200 area to reject the price one more time before we eventually break to the upside. Greed & Fear Index is pretty high (62), which also favors for the resistance to reject the price.
So, it's definitely time to be cautious.
Now let's talk about what really bothers us:
Current weekly candle is on a TD-9 and there are concerns that it will pullback the market. How hard can we drop? The 100-Day MA could catch us again (currently at 3760). ⚠️ To save the structure we shouldn't go below the ascending trendline.
📌 Due to this we can expect 4200 area to reject the price one more time before we eventually break to the upside. Greed & Fear Index is pretty high (62), which also favors for the resistance to reject the price.
So, it's definitely time to be cautious.
CryptoBullet
#BTC 📍We are sitting right at the resistance cluster. 4200 has been very impressive overhead resistance for price. But here's the thing: Resistance is only resistance once. 4200 has been crazy resistance already. It's not resistance anymore. It's a level…
Yesterday we warned you that this thing was going to explode from the daily perspective. CMF looked great and resistance level was going to get overtaken eventually.
We smashed through the 200-Day MA and hit 5k exactly like we mentioned yesterday.
This pump has been amazing and we hope you have been able to take some profits.
📌 This week is far from over, we need to see a close on the weekly chart. This pump doesn't mean the bear market is over.
Don't forget that we have TD-9 on the weekly chart, which means take your profit.
⚠️ There are high chances that the final bull trap we've been looking for since January is in.
We smashed through the 200-Day MA and hit 5k exactly like we mentioned yesterday.
This pump has been amazing and we hope you have been able to take some profits.
📌 This week is far from over, we need to see a close on the weekly chart. This pump doesn't mean the bear market is over.
Don't forget that we have TD-9 on the weekly chart, which means take your profit.
⚠️ There are high chances that the final bull trap we've been looking for since January is in.