On Balance Volume Educational Infographic
🚨ON BALANCE VOLUME INFOGRAPHIC
Why do we like On Balance Volume (OBV)?
It can often be a LEADING factor of price action (Volume precedes price).
Notice OBV leading price here and even breaking out prior to the price break out, leading to a beautiful move to the upside.
ON
Halving time: The Next ATH in 2025 120,000based on halving time, the next bull run we'll occur on April 1, 2024.
The new ATH will happen 43- 74 weeks after Halving Time (2025). With this estimate, bitcoin will be around 110 to 135 thousand dollars on the next ATH
P.S. I used to New onchain Metric:
1- BTC New Supply: Onchain - you can find it in the below link:
2- Supply weighted moving average:
I will publish it soon
Ethereum ETH 40-50% In-Loss-TrendlineEthereum ETH 40-50% In-Loss-Trendline
Interesting to see which chart picture we see if you connect all price levels of the whole ETH past where 40-50% of HODLer and Trader were out of the money (positions in loss).
And more interesting where we are today - will we bounce dear Crypto Nation?
Source of data from intotheblock.
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
New BTC Hasrhate ATHHashrate recorded a new ATH, although this is not clear on TV chart for some reason other sources I use for on-chain data like cryptoquant confirm yesterday we had a spike above previous high on 13th of Feb (you can see my trade idea linked below). As per my previous analysis this is a highly likely indication a further drop in Bitcoin's price is imminent, adding FED's meeting on interest rates next week to the mix it is a very probable scenario to play out with equities continuing their march downwards.
BTC Options expiry is on the cards on Friday morning with 40k as max pain price, hence if anyone is planning to play this short I would set my limit orders between 40-41k. Target range for this move down is 32-35k, but watch the price action once we get closer to 36k.
$ON Key Levels, Analysis, & Targets $ON Key Levels, Analysis, & Targets
Looking for 21-27% depending on how many targets hit…
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If you’ve never traded my setups, try it on a small scale 1st.
Buy
1 share at 55
1 share at 45.84
2 shares at 41.86
4 shares at 33.97
(Basically just double position each level down)
Once you see it on a small scale you can scale in your multiplier (x10, x100 etc)
Looking for 21-27% depending on how it plays out.
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AAVE at next sell-off ??AAVE at next sell-off ??
December 27th 2021 we had 30.08% in profit - that was the last local high.
Today 31.88% are in profit - will we see profit taking soon?
What do you think?
On-chain data by @intotheblock
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
ON.NAS_Breakout CPR Trade_LongENTRY: 62.38
SL: 57.68
TP: 67.13
- ADX<20.
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI -ve
- Moving averages are aligned pointing upwards.
- Breakout from down trendline today with above average volume.
- Breakout from monthly and yearly CPR today with above average volume.
Ethereum ETH with room to grow - addresses in profitEthereum ETH with room to grow - addresses in profit
Putting on-chain data by @intotheblock on the daily chart we see enough room to grow for ETH according to the last sell-off situation on November 9th 2021.
Currently 77.26% are in profit - November 92.87% 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
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
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.