Curious to see the correlation between BTC price action and who is moving the market. BTC Largeholders is based on the top .01% of BTC holders which is of course largely the ETF funds such as Grayscale and Blackrock et al buying up huge amounts of BTC. These ETFs are not going to HODL, that's not how institutional investors operate. Notice the correlation between...
Scams are still plentiful. The infamous xecwallet.org is back up and stealing your coin but I noticed a new twist. I use a particular wallet that only allows XEC transfers on the BSC. Happens that I had several XEC contracts on BSC saved on that wallet. One day I noticed one of the balances was 29,000,000 XEC. After some further investigation into the contract,...
Came across this article which confirmed what I long suspected. The more institutionalized BTC becomes the more it's volatility decreases and value increases but there is a cut off. Fair market value will always be in the forefront as far as an investment grade asset. BTC overtaking gold is highly unlikely in our lifetime. At present, there is in global...
TLDR: If there is any chance of breaking up we must go way down first. Currently the BTCUSD pair is enjoying a band of bids on the DTF. We've completed another range, initiation, mitigation cycle and waiting for continuation. This pair has tried unsuccessfully numerous times to drop below and retest support (dashed green lines). There is a sizeable...
This didn't complete some time ago, having made a serious correction but here it is finally. This is a true thing of beauty and definitely one for the history books. It's hard to put into words just how important and special this is. Cherish this one traders. Alt season waits with open arms...
Impressed with this indicator combo so far after getting it tweaked. Sometimes I like to have a graphical representation of the macro market trend. It's plenty accurate in most all TFs I've found but I believe it is most at home when pulled out to a higher TF. The EWI oscillator from Lazybear works real well right out of the box.
Contrary to popular opinion, there IS a future for shitcoins. SHITPERP Futures. Amazing enough it's no slacker either. This perp is second on the perp futures contracts list for highest close, right below BTC. No kidding...
Compilation of the Grayscale list coins and others that have made the news for their expected growth potential. I had to hide several that were not perps but prices in percentage, they blew the top of the chart out. If you're interested you could find them in the list and adjust the X/Y accordingly. The list grew to be extensive, looking forward to seeing how the...
Compilation of all large cap coin's perpetual futures contracts from FTX.
This is the one I intended to post with a longer lookback on a 1 DTF chart. Can't trade and post at the same time I guess... Anyway, here it is again, compilation of all large cap coin's perpetual futures contracts from FTX.
1) Red band : VPVR area of greatest volume. 2) Magenta upper and lower bands : area of volume bounded by tested strong support/resistance. 3) Blue dashed band : very strong resistance/support. 4) Yellow dashed bands: Upper and lower areas of support/resistance All the bands are contained within the angle which BTC could follow to an obvious conclusion. Keep an...
One thing to always be aware of is what are the long/short ratios. In this chart we can see some normal PA and L/S action. Also evident are Bitfinex hunting liquidity. As you can see longs are more dominant than shorts now so you can expect some liquidation. Things really got to an excessive amount shortly after the ATH. Notice how the longs didn't dominate until...
Alts are in a much stronger position than many believe. Taking a macro view of BTC.D and Alts reveals BTC.D struggling to rise above the midline in a progressively tightening range while Alts enjoy being at the top of the range waiting for a breakout. BTC is being met with resistance, both from the midline but especially at the 64.25 level where the VPVR sits....
It appears BTCUSD could be setting up for a Triple Top formation over the weekend. Several confluences at times could be random but BTC has always been respectful of things such as Fib and Pi so there is not allot of random in the big picture. Some interesting confluence stats, from the ATH on Feb 21 to the blue line is exactly...21 bars, intersection of...
In markets, there is a theory proven historically that movement will RTM or Return To Mean. In five years BTC.D appears to have found somewhat of an equilibrium and is moderating within a more defined range as expected. This is neither good nor bad for BTC, it's good for the crypto space on the whole since it shows maturity in the market and the growing strength...
Since there isn't an index that specifically breaks out the top nine alt coins in regards to dominance I made this one up. TOTAL2 and OTHERS both look at large cap alts while excluding BTC but OTHERS excludes large cap alts and neither specifically looks at the top 10 excluding BTC. I chose baseline plot as candles had too much noise. I'll update this idea with...
Study of altcoin market cap. This metric excludes BTC. Already have a daily cross on the 50 SMA over the 100 and 200. Expecting the 100 to cross the 200 SMA toward the end of the month and the crossover will be complete for positive proof of upside PA and buying pressure in alts. A HL close will confirm at crossover.
Once again BTC is taking things right to the very limit before the inevitable happens. There will be a decision by the end of trading tomorrow U.S. time. The very corner is at 7:00 P.M. The bears have broken through the bottom of the triangle numerous times while the bulls haven't managed a single breakthrough above the descending line. I see BTC following the...