Bitcoin: Hodlers VS Cruisers VS TradersAnother very outside-the-box trend that I discovered while going down an INTOTHEBLOCK rabbit hole was the Holders' Composition by Time Held leading into the parabolic phase. These CRYPTOCAP:BTC Coin balances are a metric powered by INTOTHEBLOCK that shows ownership distribution over time.
What is a Hodler Balance?
They are address balances that have held CRYPTOCAP:BTC over a period of one year or longer. These are long-term investors. An increase in this metric shows long-term bullish sentiment.
What is a Cruiser?
They are address balances that have held CRYPTOCAP:BTC over a period of one - twelve months. These addresses are what we would consider swing traders. The transfer from Cruiser balance to Trader balance can be seen as bearish sentiment and the transfer from Trader to Cruiser can been seen as bullish sentiment.
What is a Trader?
They are address balances that have held CRYPTOCAP:BTC less than one month. These are short term balances of day traders, bot trading, etc. An increase in this metric would indicate volatility and a potential bearish sentiment in the market.
With that being said about the Trader Balance, on 10/22/20 we can see a (+6%) uptick in Trader balances and a (-2%) down in Cruiser Balances showing investors taking profits and trading into the volatility.
On 4/20/24, the Trader Balance crossed the Cruiser Balance solidifying this accumulation period.
They started closing in on each other at the end of July, Post-Bitcoin Conference w/Trump speech + JPY reverse-carry trade unwinding + Mega Tech FC. Now they have returned the their early July numbers.
KEY TAKEAWAY:
You will see a flow into TRADERSBALANCE, out of CRUISERSBALANCE AND HODLERSBALANCE when the market has officially accepted we have entered the parabolic phase of this bull cycle.
Look for a flow change and TRADERSBALANCE | CRUISERBALANCE cross between 10/8 & 10/22.
Economic Cycles
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BEST Altcoins You can BUY NOWMany altcoins are close to bottoming, if not bottomed already. Here are some of my top buys right now in preparation for the next impulse wave UP:
1) POPCAT COINEX:POPCATUSDT
Popcat is looking bullish with higher lows, holding the diagonal trendline well. I'd look at dollar-cost-averaging with two orders, one on the trendline as well incase the price doesn't drop as low.
2) SUI BYBIT:SUIUSDT
Looking good after a strong V-shaped recover and making higher lows, which is a bullish sign. I'd say first major resistance is 90c - if we can close candles ABOVE and towards 96c, I'd say more increase is very likely.
Just keep an eye on BTC. Wouldn't want to see a fake-out above 90c just to get another drop. So a conservative approach is closes above 96c zone.
3) LINK BINANCE:LINKUSDT
Chainlink is an old-timer, and a safe bet for the next bullish impulse wave.
4) RUNE BINANCE:RUNEUSDT
Another top-pick for 2024. I' be happy to buy anywhere between these two zones:
5) RNDR BINANCE:RENDERUSDT
I'd like to hope we'll see a lower entry on Render, but if the price keeps closing above the upper white trendline it's unlikely we'll drop to the lower buy zones
6) DOGE BINANCE:DOGEUSDT
An altcoin compilation wouldn't be an alt compilation without Doge! Happy to buy between these two zones:
7) FTM BINANCE:FTMUSDT
My ideal buy zone would be the middle area, I doubt we'll see the lower zones soon
8) NEAR BINANCE:NEARUSDT
I'd be happy to buy anywhere between these two zones:
There are MANY more, but for the sake of time and space... let's get started with these!
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140 Days into the 2024 Post-Halving for $BTCWe have 47 days until the new CRYPTOCAP:BTC ATH.
Watch for pressure driving the price down as there is a high potential to retest the $50-52k range within the next 9-10 days. Avoid capitulation if possible. Historically, the parabolic phase of this cycle will start within the next 4-5 weeks.
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Key Notes:
- Holiday Prediction Levels -
Halloween | 2024 | GETTEX:82K
Thanksgiving | 2024 | $105k
Christmas | 2024 | $142k
New Years Day | 2025 | $185k
- 500 D ATH Prediction Levels -
Bear | $110k
Base | $200k
Bull | $314k
- 280 D ATH Prediction Level -
Realist | $148k
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Prediction indicators based on historical data from the 3rd Post-Halving cycle.
Institutional, Micro, Macro and Seasonal economic pressures from either direction could blow this off course. I am hopeful the pending September 2024 Fed Rate cut will move the new ATH up by 10-15 days and result in a higher retest low before going parabolic.
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Indicator used is LuxAlgo's historical price prediction indicator, Date is 9/5/20 used on a daily chart with a growth factor of (1). The BLUE trend line is traced over the 2020/2021 parabolic phase of the 3rd bull cycle.
SHIB USDT - FRACTAL Shows Bullish Impulse NextMany altcoins are currently in Accumulation Phase and/or approaching great buy zones. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways.
It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how it is crucial to watch not only BTC, but BTC.D and the TOTAL3 market for the next move:
The good news, is that this makes for an excellent time to BUY back into any market. The lowest risk option here would require some patience though, because the accumulation cycle often lasts month. Luckily - we are already a month in of mostly range trading.
Here's a look at another altcoin that's possible worth buying - RNDR, which is now approaching a great zone to buy-back :
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BINANCE:SHIBUSDT
DOGS LEVELSFrom a technical analyst's perspective, the chart for DOGE/USDT shows a clear downward trend moving within a descending channel 📉. Let’s break down the key elements:
1. Descending Channel: The price is moving within a well-defined descending channel, indicated by the black and red lines. This suggests continuous selling pressure and lower highs and lows. 📉
2. Support and Resistance Zones:
- Green Zones: These represent resistance levels, where the price may face selling pressure and could potentially drop. 💥
- Red Zones: These indicate support levels, where buyers might step in, and the price could bounce upwards. 🛡️
3. Current Price: The current price, around 0.0010409, appears to have recently bounced off the lower boundary of the channel, indicating a short-term upward move. 📈
4. Extended Channel: This note suggests that the descending channel may continue to influence price action, with the possibility of further downward movement unless a breakout occurs. If the price breaks out either upward or downward, it could signal a trend reversal. 🔄
📊 In summary, the chart reflects a strong bearish trend, but there is potential for short-term corrections as the price interacts with the support or resistance zones. Traders typically watch for channel breakouts to confirm a continuation or reversal.
⛔📉 💡
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BTC/USD bowl. Breakthrough 64-72. Cyclicality. Nasdaq - BTC.Logarithm. Completion time 1 week. Instead of updating an old idea regarding the Nasdaq Index and BTS on pump cup formation published on 06/17/2023, I decided to implement the idea on a live chart.
Comparative analysis. Fractal. Lag. Bitcoin and Nasdaq
17 06 2023
I have applied the cup percentages as well as the cup with handle if formation occurs (high probability). Although the cycle high targets and timing are the same as what I showed in 2022 during the Bitcoin accumulation phase.
So, for clarity with the last cycle and its highs in 2021.
BTC/USD Secondary trend cycles and halvings . 1 07 2022
BTC/USD Halving 518 When will be the cycle price low and high.
02.09.2023
BTC/USD Main trend (3 years) Channels Triangle
09 2023
At the moment, the price is above the “demons of Solomon” zone, that is 72,000. Zone 64-72 – resistance of the large bowl (last cycle highs 64-69). Let's follow the fractal similarity of 2015-2017. There is a high probability that a rollback will occur slightly higher, and a long-term bullish formation will be formed (trend direction, large time frame) — “Bowl with handle”. Or straight to the psychological level of 100?).
Pay attention to interest rates and price levels in the past and now.
1️⃣ Let me remind you that in April the halving is closer to the 20th. Most likely this will happen on the day "18" . Do you think that bitCocaine will cost 84,018 closer to this time?) What will happen to this zone?
2️⃣ Psychological PR level - the zone for Bitcoin is $100,013.
3️⃣ Everything else probably looks unreal for most market participants, but what is shown now is real, just as it was a very long time ago.
Adhere to these simple rules:
1) Understand and exploit the cyclical nature of the market.
2) Buy low, sell high. And not vice versa like most).
3) Take profits in parts on the hype (now) in a growing trend or protect with a stop loss.
4) Have an understanding of the relationship between the liquidity (capitalization, roughly speaking) of a trading instrument and its volatility and potential.
5) If you trade locally. The crowd is shouting: “cryptocurrency is a scam” - buy it. “Crypto hype” - sell it.
6) Do not be interested in the news and the opinion of the majority, this is all “taken into account in the price movement schedule.”
7) Always have at least 20-30% of stablecoins in reserve. If, for example, in a developing trend there is a correction to quickly remove longs (futures, margin with large shoulders, in spot - stop loss) by a significant%, and some of your stops do not work due to price slippage, then a “cash airbag” will calm and warm you in such an unpleasant moment).