Bitcoin price was half asleep. It seems that now the dormant volcano has woken up. Overview Open interest is a traditional term used to quantify the total dollar value of investors' positions in a futures contract. These positions can be long or short. For example, imagine that the Bitcoin futures contract has just opened and Alice buys $100. At this point,...
The Gains Network is a decentralized leveraged trading platform where you can trade cryptos, forex, and stocks, with commodities and indices coming soon. The trading tool is gTrade, in which no deposit or signup is required, just a Metamask or similar wallet. It is possible to have leverage of 150x on cryptos, 1000x on forex, and 100x on stocks. The tool is...
The red indicator shows the level of delinquency for each quarter. The blue index is the SPX. We have an inverse correlation. With the increase in interest rates around the world, the cost of money becomes more expensive. The payment of loans becomes more expensive, so the percentage of defaulters tends to increase. To pay off debts, positions in the equity...
By indexing the BTC price on SPX futures, we have a breakout. Whereas BTC itself is lagging behind this, that is, it hasn't had the third touch on diagonal resistance yet. On the right side, volatility indicators signal important momentum. The RSI signals a bullish move, but in a resistance zone. The breakout of this zone on the RSI and the resistance of the...
At first this is an analysis just out of curiosity, maybe it doesn't mean anything... The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation. Then: BTCUSD = U$ 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...
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.
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
I believe that Monero will see a strong appreciation due to its focus on privacy. Lately, the governments of certain countries are hunting the basic freedoms of their citizens... After breaking through a wedge and a resistance line, the price did not fall below the 0.214 retracement: Another point to note is the dominance over other crypto assets. And on the...
This is the Dollar dominance chart in the cryptocurrency world. It has an inverse correlation to Bitcoin and other cryptocurrencies that are not stable coins: The dominance index is exiting the bullish purple channel. However, it is still above the red support region. The scenario will be bullish if this dominance does not return to the purple channel, and...
The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation. Total is the marketcap of all cryptocurrencies. In the graph, the index is in a zone of extreme congestion. It is between the yellow lines, being one of support and one of resistance. There is also a wedge represented by the blue lines. Considering...
There is a narrative that the cryptocurrency market anticipates the traditional market; that is, that it anticipates tops and bottoms, reversals and the beginning of trends. It would be like the canary that enters the ore cave to see if there is toxic gas. As the canary is an extremely air-sensitive bird, if the bird comes back alive, it means the cave is a safe...
This is a downward facing megaphone-like pattern. According to Thomas N. Bulkowski, the breakout direction is upward 72% of the time. However, it should be noted that the partial decline works 79% of the time. Also, there is a symmetrical mini triangle, on top of the 0.786 retracement from the August 2015 bottom to the November 2021 top. At this point I prefer...
This is Germany's stock market index, one of the strongest economies in Europe. The index consists of the 40 largest companies listed in Frankfurt Stock Exchange. On the monthly chart we have the red diagonal line, which has been a support since the beginning, as shown in the circles. We also have the middle yellow line, which has been tested 11 times as a...
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 % =...
There 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.
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.
Hi. On the weekly chart we have a bearish parallel channel. If it breaks up, the next resistance would be approximately $5,290 at the white line. If it breaks down, the next support would be at the dotted red line at $2,675. Greetings
Dominance is about to break the wedge. There is also a bullish divergence in the DMI indicator signaling an upward reversal.