Hello Traders As you can see in the chart above bitcoin has consolidated for a while and volume has dropped 5B$ since yesterday, but OI stayed the same and even moved slightly higher, On the Onchain side, long-term holders had increased slightly and there were massive realized losses, creating a bullish momentum. The sentiment of the market seems more bullish...
Hello Traders As you can see in the chart above, we predicted the market correctly in the previous post. Now we expect a correction to lower levels. On the Onchain side, I put a metric called ASOL; Average Spent Output Lifespan, which shows the average age (in days) of spent transaction outputs. The metric value has spiked today, meaning that old wallets (UTXOs)...
Hello Traders As you can see in the chart above, the price has formed a triangle and created a base for correcting the bearish movement; on the Onchain analysis market is quiet, and not much is happening today. Open interests are lower than the previous day, and volume has decreased significantly. On the network side, there is a metric called Net Realised profit...
Hello Traders and analysts. As you can recall from previous analysis, Bitcoin had a bearish movement, and we also predict it. I screenshotted a metric in Glassnode that shows the supply of wallets between 1K to 100K. This chart is hourly and shows today's movements between wallets; as you can see, the value has decreased today. This chart indicates that correction...
Hello Traders and analysts As you can see in the chart above, bitcoin price has a bearish movement, but the question will be, will it continue its trend or not? I took a screenshot from Glassnode from a metric called the number of addresses> 1K, and this metric shows precisely what the name says. These wallets are ingenious and can lead the market movement. As you...
Hello Traders Recently GMT has Gained a lot of Volume and been trending for a while. So it might be good choice when market turns bullish. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information...
Hello traders As you can see above, price is getting all the liquidity it needs. this is just a simple movement scenario. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never...
Just a quick touch with levels. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too. Good luck.
Hello Traders Just a simple update on BTC after a while to get back on track. will update you more on the chart and few other surprised metrics. Don't forget to do your own research.
Hello Traders As you can see in the chart, Bitcoin got rejected on Trendline ( Started in March 2020), and I think It can possibly see higher levels. Also, BItcoin has created a higher Low which is a great point. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the like...
Hello Traders Since the market is panicking right now, OBV is currently in a support area. Although it's not guaranteed that obv support can push the price higher, it's only a possibility of rejection. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the like button and...
Hello Traders BLX shows the historical price data of Bitcoin since very beginning The historical data shows that every time the BTC price has broken its previous ATH, It has never became lower than that level again. So in the worst scenario I'm not expecting BTC to drop below its previous all time high which is...
Hello Traders As you can see in the chart above, every red circle represents an important area in my opinion. As it is seen candle bodies in 2D chart are somehow important. When price is closed lower than a lower line (blue lines in each area), or above an upper line (yellow lines), it continued its way in that direction, almost sharply. This point of view may be...
Hello Traders As you can see in the chart above, Bitcoin just supported on the bottom of the descending channel and the Ascending Trendlines. Price also bounced on 0.786 Fibonacci. Fibonacci cloud is supporting the price as well. As can see there is no new lower low, so bitcoin is still...
Hello Traders, as you can see in the video, I spoke in Farsi, so here is the English version : I Mentioned the list below The dynamic support from 10K (Trendline zone) Static support from the previous dip Support between 0.618 and 0.5 Fibonacci Falling Wedge Bullish Flag head and shoulders Breakout from all of the above and at last Fibonacci entry on 1h and an...
Hello Traders As you can see in the chart above, Bitcoin has not yet made a Lower low neither lower high. So technically, it's still completely bullish. On the other hand, the Bitcoin price was rejected on a 0.618 Fibonacci level, a static support line. Price got Supported on the trendline, which was started on 10000. If you were an institution, would you buy on...
Hello Traders as you can see in the chart above Bitcoin is exactly on the bottom of its ascending channel and got rejected on 0.618 Fibonacci on the other hand, Bitcoin has not closed its daily candle yet. In 1 hour, RSI is oversold. So technically, Bitcoin is just correcting unless it's broken to lower...
Hello traders As you can see in the chart above, the price has managed to break above one of the dynamic major trendlines and has a great volume. BUT!! there is a strong barrier ahead ( Both dynamic red and Yellow static zones ) So I'm expecting a final test and Moon. ------------------------------------------------------------------------ What is your opinion?...