Bitcoin BTC with room to grow - addresses in profitBitcoin BTC with room to grow - addresses in profit
Putting on-chain data by @intotheblock on the daily chart we see enough room to grow for BTC according to the last sell-off situation on November 9th 2021.
Currently 71.80% are in profit - November 97.63% have been in profit as taking profit started.
Tell me if you like these charts - will analyse more Crypto for you.
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Chain
Loopring LRC with room to grow - addresses in profitLoopring LRC with room to grow - addresses in profit
Putting on-chain data by @intotheblock on the daily chart we see enough room to grow for LRC according to the last sell-off situation end of November 2021.
Currently 67.31% are in profit - end November 85.48% have been in profit as taking profit started.
Tell me if you like these charts - will analyse more Crypto for you.
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Pitchforks and the current Bitcoin MarketI've never been a huge Pitchfork fan, but as the logic say "If it's stupid, but it works....then it ain't stupid!". So same applies here. If you have followed my other ideas, you'd see I am bullish and I called for that 33-34k level to be a strong support.
Legend:
-As long as we are above the midline, we the trend is intact and it's bullish. You can use some of the Pitchfork channels as support/resistance lines.
Analyzing Bitcoin's macro market structure with SOPR Toolkit SOPR stand for Spent Output Profit Ratio. It’s a Bitcoin on-chain metric that shows whether Bitcoin spent outputs (UTXO’s) are being realized in profit or loss. It’s calculated by dividing realized value by the value at creation (price sold / price paid).
SOPR servers as a great short/mid-term indicator.
Using the Glassnode BTC SOPR Toolkit , we can get insight into Bitcoin's macro market structure using a long timeframe (100 day) moving average.
Indicator - Glassnode BTC SOPR Toolkit
SOPR Toolkit Settings:
- Chart: 1 Day
- Moving Average Length: 100
- Moving Average Type: Volume Weighted Exponential Moving Average (VW-EMA)
BTC - On-Chain Bullish but Price Action Weakly BearishFirst lets talk about on-chain: macro on-chain shows continued signs of accumulation. Supply continues to drop at a brisk pace and netflows are predominantly bullish. We are in the third round of strong accumulation since July. This is in contrast with the recent price action which is muted with a bullish sentiment. Key levels are marked.
In the past 24 hours price rallied twice to $59.1k in the past 24 hours, and swiftly rejected both times. This resistance level follows the macro channel that Bitcoin is trading in from the mid-October peak.
For Bulls: they are fighting a confluence of resistance immediately overhead. Bulls need to recover the 12h 20 EMA ($57.1k) for a short term win they can build a base of support from, and they need to close a daily over $59.1k to rally for a bullish reversal that can tackle the major resistance between $59k-$60k. Locally we also have a confluence of support levels between $56k-57k that might support the current price that can also posture bulls for a rally, but below there begins our bearish scenario.
For Bears: Bears need to drive price below $56k, and each level below is more bearish. The bottom of the local value range extends from $53.8k-54.8k and a decisive close under that risks falling into the bull market support of the the 20/21w MAs.
!Important Note! I am also watching the 20w SMA and 21w EMA, with them beginning to constrict, and if they invert thats a very strong macro market indicator that price will post a more significant drop with the possibility of a period of bear market conditions as we look for a floor.
Big Papi Comments: Based on the on-chain data I believe we are macro bullish but short term price action is to shake out greed to posture us for the next leg up. Open Interest finally began to fall off a little after posting a new high (higher than Feb>April) but is still stubbornly high and at levels only seen briefly in April at peak bull mania. I believe if we can't shake off more leveraged moonboys, we'll see more downside. It is a good sign that miners and longeterm holders continue to HODL, indicating that they expect more upside, or at least this isn't a highly profitable range to profit from, which for now removes them from the equation as potential selling pressure.
CGG analyseschain guardians analyses
CGG USDT
time frame daily - 4 Hours
we can see 2 harmonic pattern on CGG chart
1- cup & handle pattern
2- triangle pattern
price reached to all time high (ATH).
now we have 2 strategy:
1-LONG: break the ATH zone sharply or come down to green uptrend line then break the ATH
2- SHORT : fall down to first support zone because of 3 tops pattern
so we must have a stop loss in suitable price
BTC-USDT Towards The Moon... 🚀🚀🚀Extraordinary months are waiting for Bitcoin
Take advantage of this opportunity with careful risk management because the fluctuations are very high, have your own plan from now on
Good luck
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LINK.USDT (Y21.P6.E1).Macro TargetHi Traders,
My thoughts on LINK and the target.
Target is 1.618 ext. or the range below as the standard target.
If BTC goes parabolic, it might push LINK to go to fib ext from 2 to 2.618 fib level.
On the weekly, the phoenix indicator has not confirmed yet.
All the best.
S.SAri
Our BTC recap from early 2018...Bitcoin early 2018 - $8,460 P/C - See image below of prior analysis over 3 years ago:
ibb.co
After many years of btc demanding all of the attention from many investment sources, it is now becoming a legalised form of legal tender in many countries now.
With still a relatively short supply of 18,660,000 B, it is possible to correct ate some studies leading the price to over $100k per coin over the coming years.
Hot Cross - An Early GemOver time, I expect the price of Hot Cross to make at least 1000% returns from current price of ~.21
Why is this a sound long-term trade?
1. On-balance volume is spiking to a recovery after the recent market slump, with $BNB leading the run.
2. With a circulating supply of 93m, and a current market cap of 19.4m, a 500m market cap would bring us to a price of 5.377
3. We will re-enter the lower end of the beam bands indicator at roughly .28
Why do I believe in the team, and why am I treating this as a venture capital investment?
1. The team is developing a solution (JavaScript SDK and REST API) to mint and deliver NFTs cross-chain between BSC and ETH, and in the future potentially on DOT also.
2. The team refuses to over-promise deadlines and over-ambitious feature ideas. They know they are a small team and are sticking to AGILE principles.p
3. The group is mindful of how much "candy" incentive they give. They released around 7-8m HOTCROSS tokens into the ecosystem through staking pools on crosspool.hotcross.com and are pushing back on adding more, to avoid inflation.
To conclude, I'm long on this investment because I don't believe there is a place where ETH, BSC, DOT, or ADA win a "main chain race", I believe everybody will participate in different ways, and HOTCROSS is a platform that enables blockchain teams to deliver their value to participants on all chains.
BSV - STRONG BUY - $293-$345BSVUSD - STRONG BUY
Correction Complete...
Target: $293-$345
Chain the data...
FMW
FTT for the future is good? IMO yeahI just checked few days ago about the announcement of FTX Chain. This is so impressive and looks like I have a chances to profit in the future, so thats why I just bought some FTT recently. Not only in fundamental, but if I see the daily charts, FTT still on bullish and looks like will reach new ATH. This is the reason I have bought some FTT recently even the price currently on daily resistent, cause I dont want to be late and yeah personally I'm ready to averaging untill support daily, 35$.
#DWYOR
This analysis made by newbie who want documentation his analysis, please note it.