CRYPTOCAP:BTC I haven't done a short-term analysis for a long time. 👀I decided to show the key levels to watch, because the moment when it will be necessary to enter the market is coming soon. 💡If there are no new geopolitical upheavals, and I expect that there probably won't be any. I think we will go back over BMS and test the important 70k level this month.
CRYPTOCAP:BTC Global M2 or Global Liquidity? 👥Many people pay too much attention to Global M2 even though it is not nearly as important to Bitcoin as global liquidity. 📝Global M2 mostly does not give us any data on real liquidity infusions, just an increase in the money supply, which simply shows us inflationary expectations. 📝Of course, against the background...
📝BTC cycles and economic activity cycles are surprisingly similar in many ways. Both heavily depend on liquidity to drive momentum. 👀If we look closely, the PMI cycle has been at the bottom for a long time, showing us how suppressed liquidity affects broader markets. 💡However, as soon as liquidity starts flowing back into the system and business activity ramps...
📝The index of small companies is known for being highly dependent on bank financing. Therefore, of course, he is the main beneficiary of cheaper money after the rate cut. 👀What we see about correlations, CRYPTOCAP:BTC bull markets, coincide with the movement of this index as you can see, in the green zone on the Spearman indicator, 💡We can also see that...
#Bitcoin distance from 50SMA 👀 This SMA has often acted as support during a bull market. 📝The rate was also lowered today by 50 basis points, more than planned, a sign that the FED sees that the economy needs more help from the regulator. 💡Such a radical step is an indicator that very soon additional liquidity will appear on the market and, as we know from...
In anticipation of the approach of increased Global liquidity⌛️ 📝No one doubts that we will have a rate cut in a week. This is a signal that the economy is slowing down and that new infusions will soon be needed. The central banks of other countries are in a similar situation. 🤔Now the question is where does the liquidity go and who is the biggest...
📝Ethereum dropped to minimum values on the RSI indicator. Below is only when the bottom of the cycle. 📝Also, the price is testing the baseline of the Keltner channel, which is also strong support. 📝Of course, one cannot fail to mention that in the cycle where ether was accepted as a commodity on the market in the form of an ETF, it has not yet broken the fiat...
If you don't count in fiat currency, we haven't seen the 2021 high exceeded yet (In relation to the stock market) 📝The current picture in Technical analysis, against the positive fundamentals, will ruin the traders who will soon start shorting Bitcoin. But that's normal, their liquidations are fuel for further growth. 📝Everything is going according to plan, and...
📝Summer decorrelation took place as we said earlier. Now it seems that soon the assets will start to converge again. Also, you must remember seasonality when comparing the stock market with #Bitcoin. Now it seems that the stock market is expecting short-term turbulence against the background of reduced rates. 💡In October, I expect a situation similar to last...
What's the deal with Global Liquidity? We all know that Global Net Liquidity plays a crucial role in asset growth, especially for #BTC 📈 🌍 The largest provider of liquidity, the Fed, is expected to lower rates by September, which would boost overall liquidity. 📅 And don't forget the cycles in the world's second-largest economy. Their liquidity injections follow...
#Bitcoin Keltner Channels 📈 No one doubts that this cycle will be similar to a 3-wave one. In the last post, I said that I do not expect a fall in February and March, and even closer to the halving, the 2nd wave will begin to fade. 💡That's what happened. Now we can see how the correction begins, I do not expect strong drops below 50k now, but rather a transition...
Today I saw a headline that surprised me "The current bear market has become the longest in the history of the crypto industry"📰 And I had a question about whether they were living in the past, or where they saw the bear market.🤔 💡I want to remind you that it ended with a duration of exactly one year, just like the last cycle. And it was much shorter than in...
ETH reached local resistance in the form of the red zone of the channel, faster than the last cycle. What does this tell us? The consolidation before the next move may be longer. 🤔Most will say that ETH has not reached ATH yet, so it should go up right now, I can say that ETH mostly lags in taking past highs and does it sometime after that like Bitcoin...
Why are we falling and why do I think there will be no deep correction? 🗣The first is, of course, geopolitics, risks are growing again in the Middle East, 🗣The second is additional liquidity from the US government and mt GOX. 🗣A crisis of narratives, nothing very positive will happen in the next 2 months, and the seasonality in those months also does not give...
As we can see in the last 2 weeks, there is a strong positive correlation (green histogram). In the long term, this correlation will grow, because if you read the white paper of Bitcoin, it is primarily a protective asset created to fight crises of the 2008 type. Why is gold rising now? In addition to macroeconomic reasons, geopolitical risks are added. There is...
CRYPTOCAP:BTC Now everyone is drawing a cup and handle and saying that ATH is coming soon, why is it not quite so? 📝Let's talk about the pattern first, the cup handle pattern when the asset has a deep drop, after which it recovers and tries to break past highs. Of course, when the price consolidates near resistance and forms a so-called handle, this is a...
🗣: Yesterday we received a buy signal on Hash Ribbons and today we fell, why ⁉️ Answer: The Hash Ribbon is primarily an indicator of the CRYPTOCAP:BTC hashrate, it is 2 moving averages, and when after the capitulation of the miners (after the halving), we reached the plateau at least a little and began to recover, MA turned to the bullish side, which triggered...
CRYPTOCAP:BTC ATH hasn't happened yet ⁉️ If you don't count in fiat currency, we haven't seen the 2021 high exceeded yet (In relation to the stock market) 📝Everything is going according to plan, and by the end of this year, we will see a real ATH. 💡Also, it is clearly visible on the RSI that we will have a 3-wave cycle according to my 3-wave model, which I...