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DMI

Coinbase comes in at $30 🐻❓🐂 On both the weekly and daily charts, the Stochastic Momentum Index (SMI) oscillator is in an interesting buy region. 📈 Daily chart: On the daily chart, there was a 🐻🔫 bear trap signal. I think a possible target is at $41.89. In this troubled region marked in the yellow rectangle, there will be a window of opportunity for 📉 shorts, with a target of $30. ⚡Volatility contraction 📈 Weekly chart: 📈 Daily chart: The 21-period normalized ATR indicator on both the daily and weekly charts is showing a contraction in volatility. Touching the 21 average with the possible breakout could signal a strong move, independent of direction.
NASDAQ:COINLong
by andre_007
Chart and fundamental analysis of Iris Energy Limited (IRIS)The operating result for the last quarter was published recently, on November 30, 2022. 1. Graphic Analysis As the company's core activity is Bitcoin mining, it is important to analyze the correlation with the price of Bitcoin. As you can see in the graph below, most of the time the correlation is positive. It seems to me that the price is at the end of wave 5, about to reverse the downtrend, which has lasted since the beginning. The DMI SMI Oscillator exhibits a bullish descending wedge. This same interpretation can be obtained on the RSI: 2. Fundamental analysis Net income has held steady for quite some time at $72 million. As of Q1 since year 2022, it has declined to minus -$2 million and has since been stable. The same reasoning can be applied to Earnings per Share versus Estimated Earnings per Share . The balance sheet remains healthy, with assets greater than liabilities. Even if there is a need to settle the net debt after the sale of assets, it would be comfortably honored. With regard to cash flow, money from third parties continues to decrease, which is positive. Money spent on investments follows a negative flow. A negative value of Cash From Investing Activities can show poor performance, but it can also be a sign of increased investment activities. While cash from operating activities remains stable at $4 million. The point to note negatively is the free cash flow, which has drastically reduced to -$210 million.
NASDAQ:IRENLong
by andre_007
AscendEX Analysis (ASDUSDT)⚡ I'm keeping an eye on exchange tokens for any danger alerts. ⁉️ I don't know why this ASD token is going up (leave your comment)... 🐻 On July 11, 2022 we had a bear trap. 🚀 Since then we have had an appreciation of 1,444.50%... 🤔 Could it be that the catastrophic events to come were already priced in this event? ⛰️ If even after the FTX collapse, the token didn't go downhill, most likely we've already found the bottom. 🏹 Speaking of now, a diagonal resistance break is about to happen.
ALong
by andre_007
Bitcoin looking more interesting!Bitcoin has broken above the one year downtrend and after months of trading around the 18000 mark, has now built up a decent floor of support below the market. We have, what I refer to as a confirmed buy signal on the DMI. This happens when not only is the blue line above the red line (+DI above -DI) but when the blue line breaks above the previous blue peak. It's looking more interesting at last! Disclaimer The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current Disclaimer: opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
CME:BTC1!Long
by The_STA
Unit value of BTC walletsAt first this is an analysis just out of curiosity, maybe it doesn't mean anything... The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation. Then: BTCUSD = U$ 19 K BTC_SUPPLY = 19,176 M units BTC MarketCap = BTCUSD x BTC_SUPPLY = $365.3 B What would happen if the market value were evenly distributed among all wallet addresses? Calculation: BTC MarketCap = $365.3 B Number of BTC's wallet addresses = 1,036 B Unit value per wallet = BTC MarketCap ÷ Number of BTC's wallet addresses = U$352 Graphically speaking, the value is in an interesting region, at the 0.618 Fibonacci retracement.
CRYPTOCAP:BTCLong
by andre_007
2
Altcoins' last bull rally before a tumble?In this graph we have the dominance of altcoins disregarding stable coins. The calculation is done as follows: TOTAL = Crypto Total Market Cap TOTAL2 = Crypto Total Market Cap excludes BTC USDT = Market Cap of stable coin USDT USDC = Market Cap of stable coin USDC DAI = Market Cap of stable coin DAI So: Altcoins Dominance % = (CRYPTOCAP:TOTAL2-CRYPTOCAP:USDT-CRYPTOCAP:USDC-CRYPTOCAP:DAI)/CRYPTOCAP:TOTAL*100 Looking at the chart the index is in a bearish channel. It will apparently test the top of the channel at wave 4 resistance. If this channel breaks, we will have an extremely bullish scenario, surpassing all expectations, due to the horrible macro scenario. Otherwise the downtrend continues, heading towards the end of wave 5.
CRYPTOCAP:TOTAL2Long
by andre_007
Update on the key supports to watch for the S&PDisclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
SP:SPXShort
by The_STA
1
What to look out for now S+P failing at its 200 dmaIn this video I show the major resistance that the S+P faces and is currently stalling at, I talk about the support levels which need to break which should trigger further weakness. But I also talk about confirmed buy and sell signals on the DMI, One that needs to go back on the radar. The Society of Technical Analysts' next course starts in October. Those wishing to learn more about technical analysis can take a look at the Route to Diploma - Society of Technical Analysts, www.technicalanalysts.com The STA is also offering a 10% discount on the first year of membership with the following code: STALINK Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
SP:SPXShort
by The_STA
1
Bitcoin dominance defined in JanuaryBitcoin dominance defines the market capitalization of BTC versus the total crypto market capitalization. When the dominance of BTC goes up, it means that the price of BTC performs better than altcoins. Otherwise, when it goes down, altcoins perform better. According to vertical lines, January is a definition month. The red lines indicate when there has been a decline in dominance, and the green lines when there has been a rise. In the last month of January, we have an indication of a rise. The question is whether in January 2023 dominance will continue to rise or decline.
CRYPTOCAP:BTC.DLong
by andre_007