Cryptoindex 100 analysis (CIX100)Introduction
Cryptoindex 100 is an index of top 100 coins, obtained from a proprietary algorithm called "Zorax" .
"Over 1,800 coins are put through our fixed set of filters, which provides around 500 coins as a rough output. Data is collected from cryptocurrency exchanges, news, social media, such as Twitter, GitHub, and other sources.
The collated data is used to extract over 200 factors that create a refined ranking in the index. Then, the factors are fed into the neural network, creating a final rating of coins, with the top 100 coins making up the Cryptoindex 100".
Graphic Analysis
The index is testing the resistance of 2.
In a bullish scenario, it needs to break through the diagonal white line and still move through the 200 simple and exponential moving averages.
Dmistochastic
Lido (LDO) in bull trap?The price has broken through the psychological resistance of $2 along with the 61.8% retracement.
Exponential averages of 8, 21 and 55 pointed up.
Next resistance at the round value of $3.
If it is a bull trap it will come back below $2, going to the 50% retracement at the price of $1.45
Will Bitcoin Have a Year-End Rally?Both on the chart indexed on the ETF QQQ (proxy for the Nasdaq index) and on the Bitcoin chart itself, we have a bullish divergence.
If Bitcoin breaks out of the yellow region at the 0.5 Fibonacci retracement, I believe it could go all the way to the top of the wedge, and then deliver the final sledgehammer down.
For a while Bitcoin had a decorrelation with QQQ.
I am hoping that there will be a compensation of this gap.
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.
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.
CME's next Bitcoin Targets(Considering Back-adjustment for continuous futures contracts: www.tradingview.com)
Next targets:
$14,265
$13,225
On the SMI of the DMI we have a bullish falling wedge.
CRO Analysis (Crypto.com)CRO is the token of the Crypto.com exchange.
Plotting the Fibonacci projection, the next target would be at $0.030
Unit value of BTC walletsAt first this is an analysis just out of curiosity, maybe it doesn't mean anything...
The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation.
Then:
BTCUSD = U$ 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.
Will SPX enter the yellow diagonal channel?If the index enters this yellow zone, it will be another 10% drop.
The next support levels are found at the Fibonacci retracement.
The DMI histogram is in an important region at -15.
Looking back to 1974, the indicator has been in this region 12 times.
4 times it continued down, and 8 times it reversed up.
Bullish divergence in CELO (CELOUSD)Celo is showing a rise on the DMI (histogram), while the price has been slowly falling, setting up a divergence.
Long targets:
0.91
1.02
Short targets:
0.69
0.50
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.
Silver inside a bullish descending wedgeThere is a rumor that the British government will need a lot of silver to mint its new coins, and that the high cost of energy can make this manufacturing cost soar.
News aside, just looking at the chart we have this bullish wedge.
Gold: True Breakout or Bear Trap?On the monthly chart it is above the exponential average of 55 and the retracement of 0.893.
On the weekly chart it is testing the 200 exponential average:
The moment of truth has arrived.
Bitcoin dominance on bullish descending wedgeDominance is about to break the wedge.
There is also a bullish divergence in the DMI indicator signaling an upward reversal.
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.
Forecasts for QQQ (Nasdaq ETF)The further the price drops, the closer to the end of the drop we are, and the riskier it is to open a short position.
The risk-return relationship begins to not pay off.
Despite all this bad news out there, I still see the sun shine and I still see children playing in the park...
Will SPY fill the gap or make a short squeeze?I would bet on the short squeeze... sometimes the market doesn't follow logic, but I could be wrong, obviously.
1. Price testing long pandemic retracement of 21.4% at $ 405.49.
It broke 38.2% short retracement from the last top.
Stochastic DMI in dangerous region.
2. Is there still room to go up?
Stellar Lumens waiting for a pullbackAfter breaking through a diagonal resistance line, the price is testing another diagonal mini resistance.
I would expect a return on the support in red for a good entry, unless it gives indications that it won't go back there anymore.
Nikkei filling a gapI think the Japanese and Asian markets will anticipate what will happen this week.
After a false breakout of a diagonal resistance marked in blue, there is a high chance of filling the gap that was left open, reaching at least as far as the correction of 0.618.
Then we will have a better definition.
Zcash with a shoulder-head-shoulder indicationThis is another privacy-focused crypto asset.
The DMI signaled a divergence.
Just as Monero is indicating a bullish reversal.
Cello/USDT AnalysisHello traders.
1. Weekly chart
Stochastic RSI pointing up.
The price has reached the 1.68 target of the projection and also the diagonal Fibo channel, a well-known target.
2. Daily chart
I plotted two possible scenarios, an optimist with a green arrow and a pessimist with a red arrow.
The price apparently corrected on the 50% retracement:
The correction also respected the Arnaud Legoux moving average of 89:
And it stayed above the exponential moving averages of 8 and 21:
Analyzing 21-period Bollinger Bands, with regularized exponential mean and Extreme Stochastic DMI:
The price tried to stay above the average for 3 times as per the red circles.
It's testing again, to see if it goes back down to the green circle.
The Extreme Stochastic DMI indicates bullish continuation pointing up.
3. 4-hour chart
Price appears to be undefined in the range between the 200 exponential and simple moving averages
The price needs to stay above 1,272 Fibo channel, otherwise it will test the next level at 1,382.
btcusd going for Bull FlagAfter failing to reach new highs and confirming the bull flag, it looks like we are going to try again here. iIl enter here with a tight stop soon as the DMI stoch cross above the 20 level. IMO as we cud easily pull a Bart here and go back to 43k area, but marco trend is so strong, I would not try to short this until sentiment shifts.
