Hello traders As you can see in the chart above, bitcoin corrected its bullish trend a consolidated for a while in this price zone; this can make the continuation lot more effortless. On the Onchain side, I screenshotted a metric from Glassnode called Supply held by addresses with 100 to 1K bitcoins wallets. The value has risen in the previous hours, indicating...
Hello traders As you can see in the chart, we predicted the market move in the previous post, I see there is a FOMO on the buying side, but some of the old wallets are selling their bitcoins. I Screenshotted a metric from Glassnode called supply held by address with 100 to 1k Bitcoins. This metric has decreased today, which means the price can see lower levels...
Hello Traders In the past few years, the volume of bitcoin has decreased each time Christmas and New Year are close. This can also be seen in the candles; we might see less volatility in the price. So let's dive into today's analysis; as shown in the chart above price is consolidating after the bearish momentum. On the On-chain side, I screenshotted two metrics...
Hello Traders As you can see in the chart above, it has started to rally due to the recent CPI Report. The macroeconomy has a direct influence on high-risk assets, so always keep a watch on macroeconomic analysis. On the Onchain side, Smart wallets have slowly accumulated bitcoin in this 1000$ range of bullish momentum. I screenshotted a metric from Glassnode...
Hello traders In the previous 24 hours, bitcoin showed significant movement due to the massive buyout of wallets that have 100 bitcoins or above. On the market side, Bitcoin volume increased drastically, and long positions got more potent than in the previous 24 hours. On the On-chain side, I put a metric called supply held by 1k wallets. 1k wallets are extremely...
Hello traders As you can see in the chart, I prepared the analysis to share it sooner, but something came up and I forgot to publish it, anyway better late than never. Bitcoin price has fallen drastically yesterday as predicted in the previous analysis. As of today, I'm expecting the price to make a pullback to the main broken trendline, since the on-chain data is...
Hello Traders As you can see in the chart above bitcoin has consolidated for a while and volume has dropped 5B$ since yesterday, but OI stayed the same and even moved slightly higher, On the Onchain side, long-term holders had increased slightly and there were massive realized losses, creating a bullish momentum. The sentiment of the market seems more bullish...
Hello Traders As you can see in the chart above, we predicted the market correctly in the previous post. Now we expect a correction to lower levels. On the Onchain side, I put a metric called ASOL; Average Spent Output Lifespan, which shows the average age (in days) of spent transaction outputs. The metric value has spiked today, meaning that old wallets (UTXOs)...
Hello Traders As you can see in the chart above, the price has formed a triangle and created a base for correcting the bearish movement; on the Onchain analysis market is quiet, and not much is happening today. Open interests are lower than the previous day, and volume has decreased significantly. On the network side, there is a metric called Net Realised profit...
Hello Traders and analysts. As you can recall from previous analysis, Bitcoin had a bearish movement, and we also predict it. I screenshotted a metric in Glassnode that shows the supply of wallets between 1K to 100K. This chart is hourly and shows today's movements between wallets; as you can see, the value has decreased today. This chart indicates that correction...
Hello Traders and analysts As you can see in the chart above, bitcoin price has a bearish movement, but the question will be, will it continue its trend or not? I took a screenshot from Glassnode from a metric called the number of addresses> 1K, and this metric shows precisely what the name says. These wallets are ingenious and can lead the market movement. As you...
SOPR is an indicator that reflects the degree of realized profit and loss for all coins moved on-chain. The SOPR (Spent Output Profit Ratio) indicator provides insight into macro market sentiment, profitability, and losses taken over a particular time-frame. It reflects the degree of realized profit for all coins moved on-chain. In the last two cycles, at the...
⭐️BTCLive: Bitcoin Hitting Multiple Bearish Signals TLDR (Bullish:Bearish) Short Term (Less Than 1 Week) 40:60 Long Term (More Than 1 Week) 50:50 Overview: We need to break up aout of the macro trendline and hold to pump to $20k if we break down out of the ascending wedge then it will dump to $19k region Technical Analysis: - Ascending wedge on the 1hr -...
🤖 #BTCLIVE - 10.10 🤖 TLDR: *Bullish:Bearish Short-Term 60:40 Long-Term 70:30 OVERVIEW: Its going to be a pretty quiet couple of days volaitlity wise I feel with little to no news on the cards from the fed - so we should be following TA quite nicely. There is a descending broadening wedge formed on the 1hr which is pretty bullish overall although it depends...
🤖 #BTCLIVE - 09.10 🤖 TLDR: *Bullish:Bearish Short-Term 80:20 Long-Term 60:40 OVERVIEW: Not a huge change in outlokk from last BTCLIVE, we rejected from the macro trendline and tracking slowly down to the core support at $18.7k region where we will either bounce back up to $19.7k region or break and start the journey towards the new local lower low. This...
🤖 #BTCLIVE - 07.10 🤖 TLDR: *Bullish:Bearish Short-Term 80:20 Long-Term 45:55 OVERVIEW: Favouring the bearish sentiment now with the break down of the short timeframe ascending triangle due to the fed news dropped. This sentiment will likely continue to $18.5k where we will see the first key long term support and also the bottom of the longer term market...
🤖 #BTCLIVE - 04.10 🤖 TLDR: Short-Term (-1 Day) 40:60- Bullish:Bearish Mid-Term (1 Week+) 40:60 Bullish:Bearish Long-Term (1 Month+) 60:40 - Bullish:Bearish OVERVIEW: With no particularly crazy FED announcements this week and no BTC options expirations we should be in for a relatively low volatility week. $20k is looking particularly hard to break so I am...
🤖 #BTCLIVE - 30.09 🤖 TLDR: Short-Term (-1 Day) 50:50- Bullish:Bearish Mid-Term (1 Week+) 30:70 Bullish:Bearish Long-Term (1 Month+) 60:40 - Bullish:Bearish OVERVIEW: We are at the end of a short term ascending triangle and just before options expiration so ultimately the direction we break out shoult deteremine the longer term target. Breaking out below...