Phi-Deltalytics

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Key Fundamentals: 1. Smart money action: The on-chain smart money actions are now stable at a bullish level. This is similar to the on-chain developments before prior bull runs. Institutional investors showed picked up interest...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Key Fundamentals: 1. Smart money action: The on-chain smart money actions are now stable at a bullish level. This is similar to the on-chain developments before prior bull runs. Institutional investors showed picked up interest...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Given the 20k ATH, the 14k high, and the recent downward channel, BTC has many key resistances layered between 9.4k - 10k. The longer resistances take to develop, the harder they are to break. As a result, before these resistances...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Both a bullish count and a bearish Elliot wave count are above. Regardless of which side you are on, we are likely in a 3-wave flat (3-3-5) development, and a correction/downward trend is due soon. For the bearish scenario, if B...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Our mid term bias remains on the bearish side. However, given how manipulated this market is, I don't think a major drop is going to happen when retail margin traders are overly short. Fake outs are necessary for the short term to...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Overall, we remain bullish for BTC long-term (fundamentally) and fairly bearish for the coming 2 months ahead. As we’ve mentioned multiple times, a healthy correction is necessary for BTC to make an ATH. For the shorter-term...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! The margin market drives lots of crypto movements. Since whales could profit from opening both spot and margin accounts to facilitate pumps/dumps, and only minority wins in this market, counter trading the general margin market...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! BTC’s recent lack of market interest is leading to a concerning drop in the CME open interest money flow index. The last two times this index dropped below 30 is correlated with at least 3 months of BTC corrections. The bottom...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Key Fundamentals: 1. Smart money action: The on-chain smart money actions are now stable at a bullish level. This is similar to the on-chain developments before prior bull runs. 2. Miner action: Both hash rate and difficulty are...

Phi-Deltalytics

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Key Technicals: 1. RSI: Daily RSI has signs of recovering. As suspected last week, the rise to 9.5k formed a RSI hidden bearish divergence. Even though RSI has broken above its MAs, a second test of MA as support is needed...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! We took profit for BTC in the past week and are now waiting for a re-entry around 8.8k. Despite the short to mid-term bearishness in our recent analysis, we remain bullish for the long run. As a result, buying the dips is...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! After another week of side way actions, BTC is looking less bullish for the short-term: 1. Price now failing 55EMA and failing the resistance established since 20k 2. Daily RSI continuously failing at its MAs (2D RSI also...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! With conflicting BTC technical signals across different time frames, we want to clarify our short to mid term view. As you might have already known, RSI is our favorite indicator, and this is another analysis focused on the daily...

Phi-Deltalytics Updated 

Every day, tons of information are flowing around. Most of the times, we get conflicting signals. Some are bullish, the others bearish. So how to view them in a simplified way? The chart above is our method. What’s your view? Do you agree or disagree? All thoughts and critics are welcomed!

Phi-Deltalytics

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! There are two group of people in the crypto space: long-term investors and short-term speculators. One often overlooked fact is while short-term speculators dominate the actively daily traded BTC, long-term investors actually...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Trend: Still bullish We believe the bear trend ended in December 2019. And if COVID didn’t happen, the bull trend starting point would have been the 7k range last year. Miner capitulation and on-chain volume cycles are two of...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! The RSI is currently at an interesting level. Historically, bullish trend remains when RSI stays above its MAs, and the trend turns to bearish when RSI falls below. Bullish turning point: RSI attempts at MA cross over from above...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Given BTC’s rise to 9.7k and the quick drop to the 9k zone, we think another downward leg is highly possible before moving to the upside. - Elliot Wave: 5th wave needs to be completed - RSI: Wave3 and wave5 generally form a RSI...