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BTCUSDT: NTV and l/s ratio screams sell+Frenzy kills blockchain.Hi folks! I know I am really starting to look like a "permabear" here, but I am still holding on to my shorts despite a couple of intense days (my short have an average entry of 57.1k). I am taking no actions right now except keeping my shorts, so I guess this is a neutral post. Now, trying to watch the more fundamental picture rather than only T.A. it is easy to see why I have been wrong for so long, but also why I still might make a lot of money on my shorts: - As long as T.A. goes, the 1D Bollinger Bands have usually been a good contrarian indicator, and especially after consecutive breaks of the same bound. BTCUSD has touched the upper 1D BB for the fourth consecutive time, and that is rather crazy. - The Long/Short bitfinex ratio is extremely high ATM, indicating that liquidation hunts can only happen in the downside direction, and that the dominoes can startt falling very fast due to the total amount of leverage on the longs. - The NTV has signalled a rather massive overpricing og BTCUSD compared to the inherent network value (=the use of the blockchain). In fact, this overpricing is much higher now than during the bull-run leading up to may, indicating both that the network activity has fallen (since the price is in the same range as the tops up untill may) and that the current market is even more speculative than before the 64 to 30k drop. As for the record, I am a huge believer in blockchain technology, and my long-standing bearish view has nothing to do with that. In fact, I believe that frenzies like we have seen now only damages the reputation of the technology - this statement is based on three factors: - The average investor/gambler do not understand the tech good enough and cannot separate crap from fantastic projects, so the frenzy steals focus and money from those projects who has the potential to change the world. - The important discussions about the real values and use cases of blockchain are delayed (and potentially killed) by the frenzy, as regulatory risk increases and the average person care more about the potential of getting rich fast than to understand the arguments for using the tech. - Stablecoins most likely has a very important role in creating these frenzy markets as they provide liquidity in ways that the average person (or potenially anyone) do not understand. My view is that stablecoins should never be issued by a company - if you say that you like crypto due to the idea of decentralization and still accepts that actors like Tether Ltd. controls the entire market in the same manner as the Fed controls the stock and bond market by, then you are actually full of bullshit because you then only care about gambling and not decentralization: Tether Ltd. is a huge bank (likely buying very sketchy debt) and nothing else in practice. In short, we need to get rid of these shady actors in the market before people can really take it seriously - let´s just hope USDT collapses sooner than later for the sake of blockchain. My point here is: Do not confuse gambling (which I also do) with the belief in blockchain technology - they are completely independent in the current environment. I wish you all well! DYOR. NFA. Never take the word of others as a given, and never take advise from someone without skin in the game.
by TheDots
(BTC) - AS SIMPLE AS THAT -Hello everyone ! Today the Black Cat Trader is analyzing BITCOIN based on a weekly chart 📈 What we can see : - Prices took support on the 0.5 fib level during the last sell-off back in May 2021. - Then, bounce to the 0.236 and rejected by this Fib extension which coincides with the median line of the pitchfork too.. - Finally, prices took support on the 0.382 to reach the level 0, which coincides with the intermediary upper line of the pitchfork too... What we can expect : - Bitcoin could take support on the median line of the pitchfork to reach the last upper line (coincidence with the 1.618 fib level too). Then, if Bitcoin breaks the last upper line of the pitchfork, the first target is 2,618 (102 811 $) Resistance 1 : pitchfork intermediary upper line Resistance 2 : pitchfork upper line Support 1 : pitchfork median line Support 2 : 0,236 fib level (50321 $) —— TP1 : 126 956 $ ( 3.618 + 1.618 ) TP2 : 151 101 $ (fib 4.618) TP3 : 188 605 $ (fib 2.618) IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
COINBASE:BTCUSD
by Hector_Bienvenu
2
BTCUSD - Bullish Momentum Continues ^^ Hello everyone, Just a little update on previous analysis regarding BTCUSD current trends. There are big moves in crypto lately and we can see that in price of Bitcoin. There are some trends that I follow right know, most of them being bullish, but that doesn t mean BTC cannot dump to the 25k zone still. There are some max spotted between 70k and 90k on the Medium Orange Trend in case we continue on it. On the other hand there is the big red trend that concerns me and investors probably.. which can pull Bitcoin to the 25k-30k zone. Considering that we didn t saw a bullrun on altcoins market, I strongly recommend to take a look on its and in case you need, I will and I already have some posts with altcoins market and some certain coins to pay attention on. Probably the last phase of bullrun is coming, take care on it. Remember, this is not a trading advice, St.Gex
BITSTAMP:BTCUSDLong
by St_Gex
2
ALT SEASON Is HERE - Watch This To Make Life Changing Money MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space. Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money DO NOT BE LEFT BEHIND ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
CRYPTOCAP:TOTAL2Long
by MartyBoots
39
Watch This To Make Life Changing Money - ALT SEASON Is HERE MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space. Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money DO NOT BE LEFT BEHIND ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
BINANCE:ETHUSDLong
by MartyBoots
16
BITCOIN and the cycle that will take us to 300k 👀🔥🚀Hello friends from Trading View! Today I bring a study about the BITCOIN cycle: 👉🏼Note that the asset has been in a bullish channel since 2013, respecting tops and bottoms. 👉🏼Note that it is possible to see 2 very similar cycles. The first cycle lasted 49 months from top to top. 👉🏼The second cycle appears to be 80% complete. A curiosity is that we will close 49 months in January 2022. 👉🏼EMA 21 See the graph for EMA 21 in the first cycle. After the price finds the bottom of the channel, the price breaks the EMA the following month and does not return below it until it touches the top of the channel. Note that the same pattern repeats in the second cycle. ================================================== Final consideration: In view of this study, I am very optimistic about the future of BTC. If the study of these cycles is correct, we will have, in the not-too-distant future, the price reaching 300,000$ And what do you think of this possibility? Does it make sense to you? Comment below and let's follow this analysis together! I hope I helped in some way. Leave your like please and comment your opinion! 👉🏼If you want to talk to me, send an inbox message, or click on the footer of this post! ⚠️Disclaimer: The above comments reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community we can discuss operational tactics and techniques. CLICK DOWN HERE! 👇🏼👇🏼👇🏼👇🏼
BITSTAMP:BTCUSDLong
by GustavoCorrea1
1
NVTS + Bollinger 1D indicator Proposal (Flashing Red ATM)Hi folks! As you may have noticed, I was very bearish for a long time before the last dip - I closed my shorts at 43k due to the risk of the liquidation que on Binance (I had TP at 30k), so I was lucky since I was mistaken about the magnitude of the drop (although I made a nice profit!). The Bollinger Bands on the 1D is usually a pretty strong indicator - both for small and large reversals. The size of the reversal is also correlated with the gap between the bands. As RSI and MACD are not giving us much info ATM (bearish div on 4h playing out, no div on 1h or 1D), I wanted to see if it is possible to find som reliable signals by combining the old faithful NTVS and the 1D Bollinger Bands. Based on a rather small sample, it seems that this combination may be quite powerful. This also makes sense as the BB is in principle a confidence interval based on price action and the NVTS is a ratio of the market price and the on-chain transaction volume (i.e. the "underlying value") - meaning that the signals are uncorrelated. This needs to be tested statistically over a larger time period to really test is credibility, but I thought I would share my analysis nevertheless. The current signal based on this combination is very clear: It is time to take profits/place shorts for now - we might also see a rather large correction according to the BB gap. This also coincides with the solid resistance in the 57-59k area, the low volume during the uptrend and the fact that the next solid support lies around 44-45k (which coincides with the support line in the ascending channel). The margin long/short ratio on Binance is also very high, the Coinbase Pro premium is low etc., so it seems very likely that we will move towards the support line. For the record, I have placed a short worth 2% of my portfolio from 57.4k with TP 45k and SL 66k, but this position is not for the faint of heart! As you may have noticed, I was very bearish for a long time before the last dip - I closed my shorts at 43k due to the risk of the liquidation que on Binance (I had TP at 30k), so I was lucky since I did not not expect the latest bounce, and would have taken a loss instead of å very nice profit. Now, I am willing to buy at the support line as long as we do not see a USD-bounce and stock market weakness. DYOR. NFA. I wish you all well! Never take the word of others as a given, and never take advise from someone without skin in the game.
by TheDots
2