On the weekly chart, Bitcoin dominance has fallen below a critical support level for the first time in 693 days. Could this give altcoins some breathing room? The answer is short: yes. The negative divergence present in the dominance RSI has played out. Additionally, RSI has dropped below the 50-point mark on the weekly chart, which is significant for the...
Ethereum Retail Investor Count Surges by 3.3 Million: The Road to an Altcoin Bull Run? Analyzing Changes in Ethereum's Retail Investor Count Over the past 60 days, we’ve observed a notable increase in the number of Ethereum retail investors. While the percentage increase may seem modest at 2.77%, this translates to approximately 3.3 million new retail...
Understanding the Past When we examine the number of retail Bitcoin investors, we see that it stood at 43 million in January 2023. From that point onward, the number of individual investors increased steadily over 12 months, rising by 22% to reach 52.4 million, prior to the acceptance of Spot ETFs. Following the approval of Spot ETFs, this figure saw a slight...
This Could Be the Last Resistance for Bitcoin Bulls: What Does 689 Points Mean in the BTC/DXY Pair? When we examine the chart above, we can see that the critical resistance/level that Bitcoin needs to surpass before making a new ATH (all-time high) is 689 points. Historically, the periods when Bitcoin bull rallies have accelerated have been the times when the...
Hello friends, Thanks to the collaboration between TradingView and IntoTheBlock, you can access this data for free on TradingView with the code "BTC_MVRV." Today, we will dive deep into MVRV, the primary data I use for trend tracking in Bitcoin. What is MVRV? MVRV is calculated by comparing two main metrics: market value and realized value. Market value is...
AVAX 1W MVRV and Price Analysis Hi folks, Let's take a look at some on-chain data. What is MVRV (Market Value to Realized Value)? MVRV is an on-chain indicator used to analyze the valuation of cryptocurrencies. It is a simple but powerful tool that shows investors how overvalued or undervalued a cryptocurrency is at the moment. Simply 👇🏻 MVRV is below...
While the amount of Bitcoin in miners' hands continues to decrease, its value against the dollar is increasing. Miners' Bitcoin Reserves: In 2019, Bitcoin miners held approximately 2.9 million Bitcoin.This number has been steadily decreasing since then. As of today, miners hold approximately 2 million Bitcoin (source: intotheblock). Value of Miners' Bitcoin...
Hi folks, Foreword: Please read the whole article, I believe this will help you to enhance your point of view. If you like it, do not hesitate to hit the "LIKE" button. 🙏🏻🙏🏻 Fundamental Data 📌I've been closely monitoring Bitcoin's recent price movements, particularly in light of the FED's recent announcement regarding interest rates, to assess the potential...
LINKUSDT 3D Hi folks, 🔸Let's take a technical look at LINK, which I have reviewed at the request of a precious friend. 🔸With the ongoing downtrend since May 2021, the product reaches its local bottom in May 2022 and begins the accumulation process. 🔸From May 2022 to October 2023, it lined up candles next to each other in the roughly 5-9 dollar region, as if...
AVAX LTF Analysis TP 1: 12,90 TP 2: 14,00 Sup 1: 12,10 Max Pain: 11,36
Hi Folks, What is TOTAL2? 🔺For our new members: --Total: It is the data that shows the total value of the entire cryptocurrency market. --Total2: It is the data that shows the total value of all altcoins (excluding Bitcoin). 🔺Our Total2 data reached a record high of $1.70 trillion during the previous rally, followed by a sell-off wave that led to a...
XAUUSD 1D Graphics Hi folks, 🔺Since the bottom at $1628 (November 2022, DXY peak), the direction in Gold (XAU/USD) has been upward, similar to other risk assets. 🔺There is a very orderly rising regression channel. As long as it stays within the channel, the direction is upward, and we may eventually see $2164. 🔺At the moment, $1945 (MA50) is appearing as a...
Bitcoin Is Inevitable! How And Why? ♦️Bitcoin is a cryptocurrency with a limited supply of 21 million coins and no pre-sale process. These features make Bitcoin unique from other cryptocurrencies and give it a unique value. ♦️Bitcoin's limited supply makes it a barrier against inflation. Inflation means that the purchasing power of money decreases over time....
Hi folks, BTC LTF Technical Analysis 🔺BTC can retest 29300. 🔺Below the 29300 level, bears are stronger 🔺Tillson T3 indicates short-term downtrend is strong. 🔺RSI points out the price action is weak. Below 50 points --> Bearish.
ETHUSDT 4H Hi folks, 🔺Key support/ Stop: 1850 🔺TP 1: 1952 🔺TP 2: 2030 🔺N-RVGI --> Bullish 🔺RSI (above 50) --> Bullish 🔺AlphaTrend Resistance --> 1870
DOGEUSDT 4H Hi folks, 🔺Doge gave %24 profit from the last "long" signal. 🔺0,07385 is the first support. 🔺Key support zone is between 0,069 - 0,071 area. 🔺Above 0,069 Doge is super bullish. 🔺Oscilators indicate "bullish" signals in HTF. 🔺0,083 is the next resistance, above this level we cab expect 0,095.
BTCUSDT/DXY 1W Chart Hi folks, 🔺Let us change our point of view. Whether you like it or not, there is a correlation (between BTC and DXY). 🔺Experts claim the correlation is generally -0,70, which may differ from time to time. 🔺When we look at the chart 297 is another resistance. 🔺The pivot level is 371. Whenever BTC/DXY closes a week 371, we may say the...
Hi folks, 🔺We are witnessing or about to witness the peak of interest rates by the Fed, but it seems too early to say the same for the EU. 🔺Although EURUSD briefly dipped below the regression trend, it managed to bounce back above it. 🔺A bottom formation has formed on the 4-hour RSI, and as the closing prices go above 50 points, it is expected to gain momentum...