USD-BTC
TURBO price volatility gonna increase soonAfter four months of sideways accumulation and holding strong above 0,003$ TURBO is poised to face the next leg up. Considering that the Ethereum meme ecosystem is constantly growing and - chartwise - ETH is making higher highs and higher lows over the last two years riding towards new all-time-high this could play out very well in the future.
Historically, squeezing Boilinger bands point to a big volatility move after consolidation. Let's see how this play out.
Bitcoin #BTC Current Phase Targets ]In the name of Allah, the Most Gracious, the Most Merciful,
📈 **Bitcoin #BTC**
🎯 **Current Phase Objectives**
🔑 **Condition:** A **breakthrough at $72,558** is required before the dates of **16~28 / Jun**
📊 **Phase Target:** By God's will, aiming for an upward trend to **$90,594**
🔍 The targets are clear and defined. The outlook changes from bullish to bearish if these dates are reached before the breakthrough or if a drop below **$56,522** occurs.
💖 May success be granted by Allah
R2F Weekly Analysis - 13th May 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. Without any prior preparations on the chart, I'm going to go through various pairs, and giving a real-time view of how I perform my analysis on the weekends before the new week. I'll give my take on what has been happening, and what i'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
If you are lazy to watch the video, which is your loss, the TLDR is that I am still bullish Dollar and waiting for the manipulation and reversal back to the upside, potentially this week with CPI/PPI/FOMC red folder news occurring. All my analysis of other pairs revolve around this.
I did not go to the sub 4H timeframe in this video, but how I do my analysis on the higher timeframes is the same as how I would look for entries on the lower timeframes. The only difference is that I would consider the ICT Killzones and weekday tendencies along my usual techniques.
Hit me up if you want to learn more or are struggling to find your footing and need help.
- R2F
Macro Negative Correlation with BitcoinThe US Dollar Index TVC:DXY is negatively correlated with the macro Bitcoin BNC:BLX chart.
Indicators like the Correlation Coefficient indicator will display swings from negative to positive correlation between TVC:DXY and $INDEX:BTCUSD. This can lead to a belief that they are not in fact negatively correlated.
But, when you zoom out to a macro view of Bitcoin and compare, the dollar index's peaks correspond with Bitcoin's lows, while Bitcoin's peaks correspond with DXY's lows.
At times, these corresponding peaks and valleys have occurred near the same dates and times, while at other times DXY has acted as a leading indicator for future movement for Bitcoin.
Where will we go next?
if DXY returns to its previous high and breaks it, I suspect Bitcoin will move lower
on the other hand, should DXY move further down or get stuck within a range, it's likely that Bitcoin will move higher
What do you think?
TETHER (USDT) COLLAPSE IS IMMINENT! With the United States about to pass strict regulation regarding stablecoins, which includes a measure to insure "Robust transparency, audit and reporting requirements," Tether is absolutely doomed, as they have consistently refused to confirm a 1:1 peg to the USD through an independent, third-party audit, which in my book, is because they're not doing it.
Something is fishy with Tether, and I would not be surprised if it has not maintained the 1:1 peg as it has claimed, but will soon be exposed as a fraud, and a ponzi scheme designed to benefit its owners at the expense of the general public.
On April 9th, Senator Kirsten Gillibrand (D-N.Y.) announced that:
"This legislation develops two paths for stablecoin issuers.
1- The first path would be for depository institutions that would allow for both federal and state bank charter depository institutions to become stablecoin issuers after an approval process.
2- The other path would be for nondepository institutions that would give the federal government supervisory authority over the state nonbank institutions while preserving states as the primary functional regulator."
This spells the end for Tether, and certain doom for any company whose business model relies upon it, such as: Exchanges, OTC desks, Trading Platforms and Wallets, Remittance Services and DEFI Platforms.
You were warned! Don't get caught holding the bag!
Domination of USDT + USDC and lows/maxims of BTC. CorrelationIn the graph, combined into one graph of the dominance of such stablecoins as USDT and USDC.
Orange color—chart of the bitcoin price against the dollar.
The time interval is 1 week. The graph is logarithmic.
The same chart and the same parameters on the candlestick chart .
All BTC price lows and highs are specially shown. Compare what the capitalization of stablecoins was at the time.
At an earlier time, the dominant stablecoin was one USDT, later USDC was added. They occupy a significant capitalization. BUSD and DAI are less capitalized. They too can be added to this “indicator” of the Pumps/Dumps market.
I think the dominance history and the bitcoin overlay chart illustrate well which market phase and in which areas to buy and sell bitcoins and other speculative crypto coins.
Centralized Stablecoin capitalization of a decentralized market .
Sounds crazy, doesn't it? The dominance of centralized in a decentralized market. The 3rd,4th,6th places are naturally occupied by centralized stablecoins such as: #USDT #USDC #BUSD.
This kind of decentralized cryptocurrency financial world (freedom from the dictatorship of banks, power states, and so on) did you imagine, for example, in 2015-2017? Is it good or bad? What will happen after a while? What trend will develop further after the community bait has been swallowed?
3rd place . USDT ( .... "Reds" .... )
$67,562,687,657
4th place . USDC (Circle, Coinbase, JPMorgan, Blackrock .... )
$51,726,419,583
6th place . BUSD (Binance)
$20,003,320,692
13th place DAI ETH (!)
BTC and ETH dominance.
Continuing on this “democracy” theme of crypto sandbox capitalization. Today 14 09 2022.
Market Cap: $989,560,104,72
Dominance:
#BTC: 38.9%
#ETH: 19.9%
Total 2 assets: 58,7%
Also add 3,4,6,13 top stablecoins to this.
Stablecoins over 20%.
Almost 60% of the market is 2 assets.
Over 80% of the market is 6 assets.
So much for the true mythology of decentralization ))).
How to look for a “live chart” for yourself and combine the dominance of USDT and USDC:
1) Look for the MARKET CAP USDT DOMINANCE, %
2) On the right side of the chart in the search field, press the + button
3) Write MARKET CAP USDC DOMINANCE, %.
For the analysis, it will also be useful to track at the same time:
1) BTC dominance
2) US dollar index (DXY, USDX)
BTC dominance
BTC to altcoin dominance. Stablecoin dominance and market pamp.
US Dollar Index (Fed)with prices of BTC lows/maxims. Correlation of assets.
DXY and PampDump BTCMarkets Cycles.
This is what it looks like on a line chart to illustrate simple correlation things.
Preparedness for force majeure.
I would also like to say that all stabelcoins are focused on the "stability" of the U.S. dollar. Think about what would happen if, for some reason, that stability were to be undermined in the blink of an eye. Then you are faced with a very difficult choice.
What to do? Sell/buy cryptocurrency/shares? Just think ahead "What do you do" if, purely hypothetically, for some fantastic, hard-to-imagine reasons this happens. Think ahead in today's calm time (are you sure it's not calm now?), so you won't be caught off guard in a turbulent time.
BTCUSD, D1 | Could we see a bounce?Today we're looking at BTCUSD on the D1 timeframe. We can see that there's a nice bit of bullish momentum with the ascending support, Ichimoku cloud and an overlap support. Along with that, there's a nice 50%Fiboancci retracement too.
A bounce from here could see prices head up to the recent swing high resistance of 30700.
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Two options for Bitcoin In my opinion I can see BTC going one of two ways:
---> We continue to rally having bounced off our Rally - base - rally support zone. With further support by the green rectangle pushing towards the next Supply zone.
---> OR... We lose the rectangle diagonal support, drops down towards the lower side of the rally, base, rally demand zone. Then confirm this key area as new resistance before falling back towards the original breakout point around 20k.
🔥 APTOS Preparing For Further Drop: Ideal Bounce Area LocatedAPT has been in a steady decline since late January. With BTC taking a more bearish stance, it's to be expected that APT will also drop further.
Long-term, I'm still bullish on APT. However, there's little technical reason to buy now.
I'll start to be interested again once APT reaches the bottom support of the channel. Note that the bottom diagonal line is a direct copy of the top line, which makes it a perfect parallel channel.
PYR- Swing trade to $4.50 I have entered PYR again on the chance of a swing trade to $4.50.
The pair has found support at $3.85-$3.95 and we will be looking at targeting the local high with a gain of 6% within the next couple of days.
If this breaks, I have zero doubt that $4.50 will be the next selling target.
GL if you join
DGB USD Digibyte DONT UNDERESTIMATE DIGIBYTE DGB I believe is on the cusp of a massive breakout to the upside. As I have said in previous charts, DGB is going to be one of the few cryptos to survive the onslaught coming from the SEC. DGB along with a handful of other cryptos are going to soak up all the money that will be coming out of those other 20,000 plus shit coins that have been created over that last 5 years once the SEC takes them down like dominoes after XRP gets taken down. I hope XRP does win the lawsuit but I dont think it will. It passes the Howey test plain and simple, which means its a security. Theres no way around it. DGB at $30 sounds pretty crazy but its really not. Especially if Coinmarketcap gets reduced down to one page. Anyways this is just my opinion and not financial advice. Thank you.
STRAXUSDJust having a look at Strax, Strat, Stratis and the chart is looking pretty nice. Most of my "3 Reasons For a Trade" are here
We have Location: Price right at the bottom of original support
Indicator confirmation: So we have OBV which is pretty bullish and in the positive numbers, people are accumulating. Seeing HL in the histogram and bullish divs working. RSI is kind of no where but when you look at the history of the RSI on Strax you can see its actually never gone into over sold. Its still creating HL while price is making LL. Willy is stupidly over sold and thats exactly where i want it when im looking to take nibbles. Price is trading at the POC and all I need now is a W in price.
Long story short, to me this is nibble worthy and I will be risking to the lows.
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Good evening, we are from Ukraine!Good evening.
I leave a promising deal that will work in the near future. If you want more such deals and a more detailed overview of the situation, follow my page, because there will be a lot of interesting and useful things ahead!
Good luck to everyone!
#ETH
#ETHUSDT
#USDT
ETH- Looking incredibleHi,
ETH, is looking incredible for anyone with capital to invest. We've been in this bear pennant since June. We're seeing week after week of lower highs and it finally looks like we will be breaking out soon.
A move out of the pattern will send us to test local lows of the June capitulation $800, but possibly finding a brief support at $1000 once more. If we can retest and move lower, a good target to accumulate would be $400-$600.
Good luck and be patient