Here is an update on this awesome indicator that compares two moving average for the mining Hashrate, Which has always resulted in a good trade historically Trade responsibly
Stop loss below red, take profit before top of the cloud
Looking at the Anchored VWAP Indicator (Volume Weighted Average Price) Each time using the previous cycle bottom from the last cycle. (2015 and 2018) It could represent something significant, return to the average, meaning the bull and bear cycles are done, and the long term trend continues, unless we enter a long term perma bear trend territory ofcourse, but if...
This indicator is based on the 1M and 2M hashrate moving average and has given very strong BUY signals in the past once hashrate comes back up, but there is still room to go, no confirmations yet, and it could be still be a dead cat bounce.
Pi cycle top strikes again! I'm bad at making long term predictions, so I used a fractal of 2018 after the pi cycle top indicator, including on the chart my own "logarithmic curves" and the cycles VWAP to see all it all fits together.
It has been a very reliable buy signal historically, indicating miner capitulation based one and two months average hashrate, And according to this, mining is now recovering. Buy!
Showing strenght! Community showing proof of passion
I'm not an expert on precious metals, but from a TA point of view, Candle closes of high timeframes can provide for some good support/resistance levels. And 3 days ago, on the 8th of march, we bounced on this massive candle close!
Sharing it to the world, comment if you have a comment ;)
Really interested to see how this plays out. Is this a top signal for stocks and Bitcoin?
Please someone explain to me what any of this mean. It seems that Bitcoin as an asset is highly influenced by changing rates. Yields go green = Bitcoin goes red This channel was heading to 0 before bouncing back up in March 2020.
Retesting this monthly level, and claiming it as support is ofcourse very bullish!
There is a very clear correlation. UNI, DOT, ADA, CRV, SUSHI all pumped at the same time when ETH broke 2000 around 2AM. That's why BNB and Cake dumped. Money going from BSC to ETH again!
Hope you guys bought the dip ;)
Again, like you can see on the chart, it is super bullish to see the price bounce off this level. Trade with the trend! This is it! The bullmarket is giving us great opportunities, don't sit on the sideline and spend some time to learn about them! See my two other ideas and you will understand what are the fundamentals.
The fundamentals are also super good. 77.7M Volume last week! It is simply the biggest Volume of any Decentralized Application at the moment! To me it is one of the most important project in the Binance Smart Chain (BSC) space. DYOR. Strap-in!
Get it before it goes banana! Binance is listing Cake/BTC in 8 hours. The trend is a little crazy, but the fundamentals are crazy good as well! A whole Defi universe is being build on BSC at the moment, with super low fees, near instant transactions And taking all the experience from Ethereum, and porting it into a faster chain. No time to write, I think it has...