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Hodlers

Bitcoin: Hodlers VS Cruisers VS TradersAnother very outside-the-box trend that I discovered while going down an INTOTHEBLOCK rabbit hole was the Holders' Composition by Time Held leading into the parabolic phase. These CRYPTOCAP:BTC Coin balances are a metric powered by INTOTHEBLOCK that shows ownership distribution over time. What is a Hodler Balance? They are address balances that have held CRYPTOCAP:BTC over a period of one year or longer. These are long-term investors. An increase in this metric shows long-term bullish sentiment. What is a Cruiser? They are address balances that have held CRYPTOCAP:BTC over a period of one - twelve months. These addresses are what we would consider swing traders. The transfer from Cruiser balance to Trader balance can be seen as bearish sentiment and the transfer from Trader to Cruiser can been seen as bullish sentiment. What is a Trader? They are address balances that have held CRYPTOCAP:BTC less than one month. These are short term balances of day traders, bot trading, etc. An increase in this metric would indicate volatility and a potential bearish sentiment in the market. With that being said about the Trader Balance, on 10/22/20 we can see a (+6%) uptick in Trader balances and a (-2%) down in Cruiser Balances showing investors taking profits and trading into the volatility. On 4/20/24, the Trader Balance crossed the Cruiser Balance solidifying this accumulation period. They started closing in on each other at the end of July, Post-Bitcoin Conference w/Trump speech + JPY reverse-carry trade unwinding + Mega Tech FC. Now they have returned the their early July numbers. KEY TAKEAWAY: You will see a flow into TRADERSBALANCE, out of CRUISERSBALANCE AND HODLERSBALANCE when the market has officially accepted we have entered the parabolic phase of this bull cycle. Look for a flow change and TRADERSBALANCE | CRUISERBALANCE cross between 10/8 & 10/22.
COINBASE:BTCUSDLong
by RILOBUYLOW
Ten Reasons Why I'm Buying Bitcoin Right NowThis is a log-adjusted chart of the entire price history of Bitcoin (BTC) since data became available on Trading View. I applied a basic Fibonacci retracement overlay from the highest high to the lowest low. I also applied a trend line that connects the two lowest (reaction low) price points in Bitcoin's history to illustrate the level where price typically drops during peak fear (the line is based on a log-adjusted scale and is therefore a log-linear trend line). With this said, here are 10 reasons why I'm buying Bitcoin right now. (1) Price is approaching a very significant Fibonacci retracement level (around $17,381). (2) Price is also approaching the log-linear trend line created by the price points at past bottoms. (3) These lines have roughly converged in the same general range, which is rare. They also coincide with important trend-based Fibonacci retracement levels, as well as EMA exp ribbons that have previously supported Bitcoin's price. (4) The Crypto Fear/Greed Index shows historic fear is occurring right now. Today we've reached the second-lowest rating on the index ever, indicating that fear is likely at or nearly at its peak. As experienced traders know: Sell when others are greedy, buy when others are fearful. Link: alternative.me (5) The Bitcoin hash ribbon indicates that capitulation has started. The moment a sudden, rapid move higher occurs, that indicator will switch from capitulation to buy. (6) The Fibonacci Time Zone indicator suggests that Bitcoin's next major impulse wave may be underway in late 2023, at which point the price can easily push over $100,000 if Bitcoin's log growth curve continues as expected. (7) Recently, Bitcoin has been inversely correlated to the U.S. dollar currency index (DXY) on the weekly chart (R= -0.733, P-Value: 0.0003, R-Squared: 0.3426). The DXY chart is showing signs of a topping candle near an important Fibonacci level. It is my belief that we are at peak inflation right now, and that the dollar index will soon top if it hasn't already. The corollary, therefore, would be that Bitcoin's drop may stop, assuming the negative correlation continues. Even if I'm wrong, there is a good risk-to-reward setup here. (8) The price of Bitcoin has reached the 250-week moving average. This moving average successfully supported price at its previous reaction low in March 2020. Many traders are entering Bitcoin for this reason alone. Smart money has steadily been flowing in as weak hands sell to strong hands. (9) The price of Bitcoin has been strongly positively correlated to the Nasdaq 100 ETF (QQQ) (R= 0.939, P-Value: 0, R-Squared: 0.6647). The charts show that QQQ is likely at a significant bottom. The NDTH is near the lowest it can go. The short derivate of QQQ (SQQQ) is already showing signs of fewer and fewer market participants opening up new short positions on tech, which is the first sign that a bottom is in for tech, and which can actually set the stage for a major short squeeze. All of this is extremely encouraging for Bitcoin which is highly correlated to QQQ. (10) I can afford to take on the risk of Bitcoin falling all the way down to the next important level $8,000 - $11,000. This lower level is where the Visible Range Volume Profile suggests an absolute bottom may occur. Of course, the next Fibonacci level is also in play as an absolute bottom as well. That level is all the way down at $5,888. Reaching these levels on any sustained basis would be unlikely if the Bitcoin log curve is to continue. Perhaps a momentary blimp down to here is possible, or if a major Black Swan event further exacerbates unfavorable market conditions. It's always important to use stop losses unless you have a long-term plan to accumulate an asset and not sell in an emotional state, and of course, if you will not be subject to a margin call. While only time will tell if this analysis proves true, there are too many reasons to buy Bitcoin right now for me to not buy. I will accumulate up to 10% of my portfolio and my average down amounts will increase at each important level until I reach 10% of my portfolio. Again, averaging down only works if you're a long-term trader (the time horizon is years) and you only bet a set percentage of your portfolio. Blockchain technology is the future. Not financial advice. As always anything can happen.
COINBASE:BTCUSD
by SpyMasterTrades
11
BITCOIN - 3 in 1 Analysis!Hello TradingView Family, this is Richard, as known as theSignalyst. As per my last weekly analysis here, we were waiting for a weekly candle close above the green zone for the bulls to take over from a long-term perspective. And if you remember, I also posted this daily chart a week ago, that we are currently in an accumulation phase and waiting for the bulls to break above the gray area to take over. Congrats HODLERS 😁 (3) After breaking the green zone from weekly (1) and the accumulation from daily (2), BTC is overall bullish trading inside the orange channel The next possible resistance is my blue zone 48k - 50k so for the bulls to remain in control, we need a daily close above it and above the upper orange trendline. (projection in purple) Meanwhile, the bears can kick in for a correction to the gray zone (previous highs) before trading higher. (projection in red) The bears would take over for a correction by breaking the last low downward from H1, but I didn't share the picture here to keep my post short. Always follow your trading plan regarding entry, risk management, and trade management. Which scenario do you think is more likely to happen? and Why? All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSDLong
by TheSignalyst
32
$BTC.X Analysis & Key levels$BTC.X Analysis & Key levels You know what I LOVE about crypto?? It is ALL technical. There is no fundamentals to mess with. It’s an all technical gig. It has been a HOT minute since I’ve analyzed Bitty… And if I recall the last time I did I nailed it pretty hard… I also know that anything can happen… which is why I stay humble… The red dot is my actual BUY target BUT I still have one that’s a little higher, where I might start scaling in… just in case... That trendline is an obvious resistance… (blue)- - Bearish RSI divergence on the daily - - Above the 180 EMA + + Below the 20 MA - - Above the 50 MA + + RSI under the EMI of RSI - - As of this moment I’m bearish… but I do see some possible places where that might change… stay tuned and please ask questions… GL, y'all
COINBASE:BTCUSDShort
by SPYder_QQQueen_Trading
5
Comparison of Neo/Usdt and Neo/Btc .Pair: Neo/usdt It preferable to always compare the usd market to the bitcoin market which gives you more insight. On this analysis the exit point is not defined since more fiat capital may be entering the markets with time. Neo is heading to its lows so it’s the best time to start accumulating yourself some Neo coins. Neo future is bright being the Ethereum of china. Entry points - $10 - $40 Exit points: At neo/btc all-time high. Trying to keep it simple so that anyone can understand. Not for short term traders. If it will be of help to you in future and you feel generous enough you can always share some of your profits. Litecoin : Lg28hD98tCrDFeVDt34eDVtbcQarAZcace
by cryptoiner