Introduction Cryptoindex 100 is an index of top 100 coins, obtained from a proprietary algorithm called "Zorax" . "Over 1,800 coins are put through our fixed set of filters, which provides around 500 coins as a rough output. Data is collected from cryptocurrency exchanges, news, social media, such as Twitter, GitHub, and other sources. The collated data is...
The price has broken through the psychological resistance of $2 along with the 61.8% retracement. Exponential averages of 8, 21 and 55 pointed up. Next resistance at the round value of $3. If it is a bull trap it will come back below $2, going to the 50% retracement at the price of $1.45
Both on the chart indexed on the ETF QQQ (proxy for the Nasdaq index) and on the Bitcoin chart itself, we have a bullish divergence. If Bitcoin breaks out of the yellow region at the 0.5 Fibonacci retracement, I believe it could go all the way to the top of the wedge, and then deliver the final sledgehammer down. For a while Bitcoin had a decorrelation with...
The operating result for the last quarter was published recently, on November 30, 2022. 1. Graphic Analysis As the company's core activity is Bitcoin mining, it is important to analyze the correlation with the price of Bitcoin. As you can see in the graph below, most of the time the correlation is positive. It seems to me that the price is at the end of wave...
⚡ I'm keeping an eye on exchange tokens for any danger alerts. ⁉️ I don't know why this ASD token is going up (leave your comment)... 🐻 On July 11, 2022 we had a bear trap. 🚀 Since then we have had an appreciation of 1,444.50%... 🤔 Could it be that the catastrophic events to come were already priced in this event? ⛰️ If even after the FTX collapse, the token...
(Considering Back-adjustment for continuous futures contracts: www.tradingview.com) Next targets: $14,265 $13,225 On the SMI of the DMI we have a bullish falling wedge.
CRO is the token of the Crypto.com exchange. Plotting the Fibonacci projection, the next target would be at $0.030
At first this is an analysis just out of curiosity, maybe it doesn't mean anything... The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation. Then: BTCUSD = U$ 19 K BTC_SUPPLY = 19,176 M units BTC MarketCap = BTCUSD x BTC_SUPPLY = $365.3 B What would happen if the market value were evenly distributed...
If the index enters this yellow zone, it will be another 10% drop. The next support levels are found at the Fibonacci retracement. The DMI histogram is in an important region at -15. Looking back to 1974, the indicator has been in this region 12 times. 4 times it continued down, and 8 times it reversed up.
Celo is showing a rise on the DMI (histogram), while the price has been slowly falling, setting up a divergence. Long targets: 0.91 1.02 Short targets: 0.69 0.50
In this graph we have the dominance of altcoins disregarding stable coins. The calculation is done as follows: TOTAL = Crypto Total Market Cap TOTAL2 = Crypto Total Market Cap excludes BTC USDT = Market Cap of stable coin USDT USDC = Market Cap of stable coin USDC DAI = Market Cap of stable coin DAI So: Altcoins Dominance % =...
There is a rumor that the British government will need a lot of silver to mint its new coins, and that the high cost of energy can make this manufacturing cost soar. News aside, just looking at the chart we have this bullish wedge.
On the monthly chart it is above the exponential average of 55 and the retracement of 0.893. On the weekly chart it is testing the 200 exponential average: The moment of truth has arrived.
Dominance is about to break the wedge. There is also a bullish divergence in the DMI indicator signaling an upward reversal.
Next target at 17.189. Dominance corroborating:
Bitcoin dominance defines the market capitalization of BTC versus the total crypto market capitalization. When the dominance of BTC goes up, it means that the price of BTC performs better than altcoins. Otherwise, when it goes down, altcoins perform better. According to vertical lines, January is a definition month. The red lines indicate when there has been a...
The further the price drops, the closer to the end of the drop we are, and the riskier it is to open a short position. The risk-return relationship begins to not pay off. Despite all this bad news out there, I still see the sun shine and I still see children playing in the park...
I would bet on the short squeeze... sometimes the market doesn't follow logic, but I could be wrong, obviously. 1. Price testing long pandemic retracement of 21.4% at $ 405.49. It broke 38.2% short retracement from the last top. Stochastic DMI in dangerous region. 2. Is there still room to go up?