BTC: It's not looking goodWe could see a fill of the imbalance above
I will update if the adaptive MCVF gives a new signal as well
TPI Update:
BTC has ben in the red for a while on the TPI now
Don't try to swing longs yet!
You can also see the bands contracting, which means we should see a big expansion soon!
Tpi
long-term TPI update on BTCAs of right now, on the long term, BTC isn't looking as strong as it did at the start of this rally. We were neutral until the 13th of may, where we entered a bullish TPI score (above 0.2)
This TPI strength isn't conclusive, and I still think there is a big risk of us going down slightly. Expect market to be ranging for the next weeks
BTC looking scary.. See these important levels!Imbalance at the 25K level
We are likely to see this get touched, since the TPI is in a bearish territory
Bearish divergence could push us lower
The adaptive MCVF has shown a major bearish signal, is this the end of the crash? Or do we go lower? Depends on if we close lower than the imbalance
Fair Value Gap needs to be filled
There is a rather larget fair value gap, plenty of orders are resting at that level (22.2 - 24K). We are likely to visit this soon.
Keep in mind, the trend isn't looking too good now. Don't start buying up a lot of altcoins!
The Total market cap is going down, and momentum is flat, not a good sign
Adaptive MCVF is linked below, I made it free for everyone on TradingView
Important update on INJ!We have just seen a new contraction zone appering on the daily timeframe for INJ, this means we are likely to see price whipsaw through the center of the box the coming days. I will update on scalps that will be possible in this period. Since momentum has changed to the downside, I believe we will be looking at shorts!
TPI update on INJUSDT
For now the TPI for INJ has fallen quite a lot from it's top, it's currently slightly bullish, but I'm sure that will change soon:
ps. I've linked the Momentum Channel indicator below, I made it a public script for everyone to use<33
Forecast for the Crypto MarketI wanted to give a quick update on the Long-term TPI for BTC, and how I see the altcoin market doing compared to BTC:
The TPI has had a relatively high value for a long time
I can't foresee the future, but I don't believe that external market factors will allow this to keep going, I do believe we will see a big scare before the next halving of BTC
BTC's strength compared to ETH
As of right now, ETH is bleeding on it's BTC pair. We have been relatively stable since October last year, but BTC has been the safer asset in terms of returns (both downwards and upwards).
How is the altcoin market doing?
I've mentioned in a previous video idea that I believe that alts won't be outperfoming BTC in the near future. The dominance of alts are still on the decline, and the TPI value (-0.71) is indicating that dominance of altcoins will go lower than now!
I've linked my previous ideas on these subjects, as always... Stay safe
My secret to being a profitable Swing Trader: The TPIA Quick Reminder!
It's important to have a good list of alt coins with good fundamentals, when you want to pivot over to hold altcoins like I show here!
The Trend Probability Indicator (TPI) is a powerful tool utilized in modern portfolio theory to assess whether a market is experiencing a bullish or bearish trend. By integrating multiple systems, including machine learning algorithms, the TPI provides valuable insights into market conditions and helps investors make informed decisions.
The TPI integrates eight systems, including a machine learning algorithm based on a kernel regression model.
It analyzes market trends and determines the overall market structure (bullish, bearish, or neutral).
The TPI value ranges from -1 to +1, with -0.2 to +0.2 indicating a neutral or ranging market.
Positive TPI values indicate bullishness, negative values suggest bearishness.
The TPI incorporates machine learning to predict future market movements.
Investors can use the TPI to evaluate trend probability and make informed portfolio decisions.
By using the TPI to compare the strength of cryptocurrency pairs, investors can gain valuable insights to make strategic investment decisions and optimize their portfolio performance while managing risk effectively.
It gives you these additional super-powers to scan the market:
The TPI helps gauge the relative strength between two cryptocurrencies, indicating which one has a stronger bullish or bearish trend.
By comparing the TPI values of different cryptocurrency pairs, investors can identify favorable trading opportunities where one crypto is likely to outperform the other.
Based on the TPI analysis, investors can allocate their portfolio in a way that maximizes returns by favoring the crypto with a stronger trend while minimizing risk.
Timing Entry and Exit Points: The TPI assists in determining optimal entry and exit points for trading a particular crypto pair, improving the timing of transactions and potentially enhancing profitability.
By considering the TPI values of different crypto pairs, investors can make more informed decisions regarding risk management, such as adjusting position sizes or diversifying holdings.
The Based Algo
The Based Algo is a mean-reversion tool that uses funding, adaptive moving average lines and funding + volume to detect tops and bottoms.
Let me know if you have any questions! I linked a video that explains how we allocate between BINANCE:BTCUSDT and $BINANCE:ETHUSDT. Give it a look!