#UGC
Has bull run started? Or not?
#UGC #analytics #Cryptoz
Has bull run started? Or not?
The previous review noted many bearish signs. Despite this, BTC has grown. Let's try to figure out what is happening now, what could be the reasons for such a stunning pump and what to expect?
S&P 500 Stock Index
Despite the fact that the estimate of the stock index movement was calculated correctly, about the decline of which much has been written in previous reviews, bitcoin is showing strength. It is necessary to pay attention to the statistical data. Over the years, bitcoin has shown growth in only 1.6% of cases for several weeks with the index falling.
📕 The stock index is anchored under the extremely important mark of 4,200. Reduction to 4 060 - 4 100 it will mean that the price has returned to a long sideways trend, and all the growth for this year was only a false takeaway. Moreover, the index will form a "double top" pattern, which has not happened for more than 20 years. If the above range is reached, bitcoin will catch up with the stock index with a probability of more than 98.3%.
Sentimental analysis
The previous review also pointed to an extremely positive sentiment. Uptober as a trend is the expectation of future growth, as well as a lot of positive market analyses from various Telegram channels. Expectations of an early halving. Active expectations for the adoption of a spot bitcoin ETF for two months, a lot of posts about it in the media. It should also be noted the activity of dozens of well-known crypto influencers who sent bitcoin for $100,000 - $1 million in the area of $25,000 - $27,000. And surprisingly, the expectations of the crowd were met, the crowd is allowed to earn. Such "obvious" movements in the market usually do not last long.
📕 What is it now? If the previous time about 6\10 Telegram channels (public and private) wrote about growth, now 8-9\ 10 channels write about medium-term growth. Here are a couple of examples of how they write about the adoption of a spot bitcoin ETF that this is already a "fait accompli", and the altseason is supposedly "guaranteed".
Technical analysis
📕 The asset has been moving for a year in a large ascending channel. The price is still in the zone of great resistance formed in 2021-2022.
📕 A lot of technical indicators on the higher timeframes are overheated. The same RSI on the 3D timeframe. Such bursts lead to side effects lasting at least a month.
Locally, Bitcoin really looks strong. A JOC (Jump Over Creek) pattern has been formed, that is, a breakdown of the semi-annual sideways trend on a serious impulse and an abnormally high volume. If the bears want to seize the initiative, first they need to gain a foothold under the $30,000 mark.
What could be the reason for the growth?
According to CMC (screenshot 2 days ago), the newly created FDUSD trading pair occupies 20-25% of the total Binance volume. At the same time, according to a simple survey, only 2% of people use FDUSD. Stablecoin with zero reporting, launched a month before the pump, and occupying a quarter of the total volume on the top-1 exchange resembles the story of Luna (UST).
📄 In order to confidently assert that the pump is false, it is necessary to gain a foothold under the $30,000 mark. The absorption of growth this week and the exit from the annual ascending channel will be serious arguments in favor of leaving under $20,000 in the perspective of six months.
The temporary uncorrelation of the stock index and bitcoin speaks in favor of the fact that the pump is really false. The aggressive expectation of growth by the crowd even before the pump, now even more so, the active shilling of the history with the ETF (which was still not accepted). Certain concerns are also caused by the new stablecoin, which is supposedly gaining great popularity.
Has bull run started? Or not?
The previous review noted many bearish signs. Despite this, BTC has grown. Let's try to figure out what is happening now, what could be the reasons for such a stunning pump and what to expect?
S&P 500 Stock Index
Despite the fact that the estimate of the stock index movement was calculated correctly, about the decline of which much has been written in previous reviews, bitcoin is showing strength. It is necessary to pay attention to the statistical data. Over the years, bitcoin has shown growth in only 1.6% of cases for several weeks with the index falling.
📕 The stock index is anchored under the extremely important mark of 4,200. Reduction to 4 060 - 4 100 it will mean that the price has returned to a long sideways trend, and all the growth for this year was only a false takeaway. Moreover, the index will form a "double top" pattern, which has not happened for more than 20 years. If the above range is reached, bitcoin will catch up with the stock index with a probability of more than 98.3%.
Sentimental analysis
The previous review also pointed to an extremely positive sentiment. Uptober as a trend is the expectation of future growth, as well as a lot of positive market analyses from various Telegram channels. Expectations of an early halving. Active expectations for the adoption of a spot bitcoin ETF for two months, a lot of posts about it in the media. It should also be noted the activity of dozens of well-known crypto influencers who sent bitcoin for $100,000 - $1 million in the area of $25,000 - $27,000. And surprisingly, the expectations of the crowd were met, the crowd is allowed to earn. Such "obvious" movements in the market usually do not last long.
📕 What is it now? If the previous time about 6\10 Telegram channels (public and private) wrote about growth, now 8-9\ 10 channels write about medium-term growth. Here are a couple of examples of how they write about the adoption of a spot bitcoin ETF that this is already a "fait accompli", and the altseason is supposedly "guaranteed".
Technical analysis
📕 The asset has been moving for a year in a large ascending channel. The price is still in the zone of great resistance formed in 2021-2022.
📕 A lot of technical indicators on the higher timeframes are overheated. The same RSI on the 3D timeframe. Such bursts lead to side effects lasting at least a month.
Locally, Bitcoin really looks strong. A JOC (Jump Over Creek) pattern has been formed, that is, a breakdown of the semi-annual sideways trend on a serious impulse and an abnormally high volume. If the bears want to seize the initiative, first they need to gain a foothold under the $30,000 mark.
What could be the reason for the growth?
According to CMC (screenshot 2 days ago), the newly created FDUSD trading pair occupies 20-25% of the total Binance volume. At the same time, according to a simple survey, only 2% of people use FDUSD. Stablecoin with zero reporting, launched a month before the pump, and occupying a quarter of the total volume on the top-1 exchange resembles the story of Luna (UST).
📄 In order to confidently assert that the pump is false, it is necessary to gain a foothold under the $30,000 mark. The absorption of growth this week and the exit from the annual ascending channel will be serious arguments in favor of leaving under $20,000 in the perspective of six months.
The temporary uncorrelation of the stock index and bitcoin speaks in favor of the fact that the pump is really false. The aggressive expectation of growth by the crowd even before the pump, now even more so, the active shilling of the history with the ETF (which was still not accepted). Certain concerns are also caused by the new stablecoin, which is supposedly gaining great popularity.
#UGC #analytics
🎯 Takeover
Volatility on bitcoin has subsided little by little, the price has been flat for a month and a half. During this time, the market gives technical signals that can suggest the further direction of the price.
📕 There are many bearish impulses in the sideways, accompanied by increased volumes, 6 bearish vs. 2 bullish.
📕 Inside the sidewall, despite the relatively short two attempts to update $45,000, volume is distributed closer to the upper boundary. Time-wise, however, price is predominantly closer to the lower boundary. This is another argument in favor of major selling near the upper boundary of the sideways cycle.
📕 Up to $40,000 there are plenty of liquidity shelves that the market will snag with a 90% probability. Price at one point was up 20% from the lower shelf and almost all of the upside has already been absorbed. The $40,000$ upgrade is a matter of soon.
📕 Sell-the-news is more relevant than ever. The entire rise from $28,000 was accompanied by one single info occasion: the adoption of a spot bitcoin ETF. Once the event is accomplished, it is very logical to expect a correction.
📕 Miner sales are now comparable to those at the market peak in 2021 before the decline from $60,000 to $15,000.
📄 It is likely to see a continuation of the sideways trend. Looking ahead to the next few weeks, all indications are that price will touch $37,000.
👍 - if the review was useful
#BTC!💰 #BTC-ETF. #etf $BTC
🎯 Takeover
Volatility on bitcoin has subsided little by little, the price has been flat for a month and a half. During this time, the market gives technical signals that can suggest the further direction of the price.
📕 There are many bearish impulses in the sideways, accompanied by increased volumes, 6 bearish vs. 2 bullish.
📕 Inside the sidewall, despite the relatively short two attempts to update $45,000, volume is distributed closer to the upper boundary. Time-wise, however, price is predominantly closer to the lower boundary. This is another argument in favor of major selling near the upper boundary of the sideways cycle.
📕 Up to $40,000 there are plenty of liquidity shelves that the market will snag with a 90% probability. Price at one point was up 20% from the lower shelf and almost all of the upside has already been absorbed. The $40,000$ upgrade is a matter of soon.
📕 Sell-the-news is more relevant than ever. The entire rise from $28,000 was accompanied by one single info occasion: the adoption of a spot bitcoin ETF. Once the event is accomplished, it is very logical to expect a correction.
📕 Miner sales are now comparable to those at the market peak in 2021 before the decline from $60,000 to $15,000.
📄 It is likely to see a continuation of the sideways trend. Looking ahead to the next few weeks, all indications are that price will touch $37,000.
👍 - if the review was useful
#BTC!💰 #BTC-ETF. #etf $BTC
#UGC #analytics
Bitcoin growth outlook 🥇
Bitcoin has shown a significant decline in the last few weeks, losing 21% in value after ETF approval. Will the correction continue or will we see a resumption of the bullish trend in the near future?
📌 Volume Distribution Analysis
On the decline to the $38,600 area, an abnormal buying volume appeared on the futures quote, which triggered the current 7.5% upside wave. Moreover, the volume appeared due to the execution of long-term market maker limit orders placed in the range of $38,800 - $38,000, indicating the interest of informed participants in buying
Globally, BTC is within a wide flat: $44,100 - $37,400. Therefore, the appearance of large volumes to buy at the lower boundary of the range is quite natural, but to expect a significant decline from current prices seems irrational.
📌 Predictive liquidation map
Thanks to modern analysis tools, we can not only track the actions of major participants, but also quantify the mood of the crowd. As you can see from the histogram on the right, a key array of liquidations are above the current price and belong to shorts. These liquidations are a "magnet" for the price.
Priority scenario: bitcoin's continued rise towards a large array of liquidations located at $53,010 per coin.
Bet 👍 if you are waiting for $BTC at 53k
#BTC😱 #ETFBitcoin #BitcoinETF💰💰💰
Bitcoin growth outlook 🥇
Bitcoin has shown a significant decline in the last few weeks, losing 21% in value after ETF approval. Will the correction continue or will we see a resumption of the bullish trend in the near future?
📌 Volume Distribution Analysis
On the decline to the $38,600 area, an abnormal buying volume appeared on the futures quote, which triggered the current 7.5% upside wave. Moreover, the volume appeared due to the execution of long-term market maker limit orders placed in the range of $38,800 - $38,000, indicating the interest of informed participants in buying
Globally, BTC is within a wide flat: $44,100 - $37,400. Therefore, the appearance of large volumes to buy at the lower boundary of the range is quite natural, but to expect a significant decline from current prices seems irrational.
📌 Predictive liquidation map
Thanks to modern analysis tools, we can not only track the actions of major participants, but also quantify the mood of the crowd. As you can see from the histogram on the right, a key array of liquidations are above the current price and belong to shorts. These liquidations are a "magnet" for the price.
Priority scenario: bitcoin's continued rise towards a large array of liquidations located at $53,010 per coin.
Bet 👍 if you are waiting for $BTC at 53k
#BTC😱 #ETFBitcoin #BitcoinETF💰💰💰
#UGC #analytics #BTC
🎯 #Bitcoin is aiming for $32,000 $BTC
Despite the recent spread of fake news about the adoption of a spot Bitcoin ETF, the price of the first cryptocurrency continued to rise. The reason is aggressive purchases by large market participants, which we can track using exchange data.
Factors in favor of continued growth:
The upward trend structure with the movement of price lows and highs since September 11 indicates the dominance of demand for BTC. We are growing much faster than we are falling, which indicates a “strong angle of attack” by Price Action and dominant bulls.
The cumulative delta indicator indicates elements of significant seller aggression in the market, which does not lead to a decrease in price. This means that all market sell orders are absorbed by limit buy orders placed in a narrow range and preventing a decline.
▫️ All abnormal volumes [blue and pink squares and circles] have a supportive structure, which indicates exactly the purchase by large market participants.
📌 Priority scenario: such dynamics and behavior of a major market participant may lead to bitcoin's growth to the level of the maximum formed on July 13, at $31,850. The intermediate level from which we can get a correction: $30,300.
Bet 👍🏻 if you are happy about the growth of the crypto market
🎯 #Bitcoin is aiming for $32,000 $BTC
Despite the recent spread of fake news about the adoption of a spot Bitcoin ETF, the price of the first cryptocurrency continued to rise. The reason is aggressive purchases by large market participants, which we can track using exchange data.
Factors in favor of continued growth:
The upward trend structure with the movement of price lows and highs since September 11 indicates the dominance of demand for BTC. We are growing much faster than we are falling, which indicates a “strong angle of attack” by Price Action and dominant bulls.
The cumulative delta indicator indicates elements of significant seller aggression in the market, which does not lead to a decrease in price. This means that all market sell orders are absorbed by limit buy orders placed in a narrow range and preventing a decline.
▫️ All abnormal volumes [blue and pink squares and circles] have a supportive structure, which indicates exactly the purchase by large market participants.
📌 Priority scenario: such dynamics and behavior of a major market participant may lead to bitcoin's growth to the level of the maximum formed on July 13, at $31,850. The intermediate level from which we can get a correction: $30,300.
Bet 👍🏻 if you are happy about the growth of the crypto market
#UGC #analytics
Will there be continued growth?
Last week, BTC reached its all-time high of 2023 at $44,700. In this post, I suggest you figure out when to wait for the next bullish impulse and what will the price be?
1️⃣ Bitcoin has reached a very important resistance of $44,100. Last year, major players designated it as a level for sale and, judging by the current price reaction, they continue to think so.
2️⃣ Despite the downward reaction from the level, its character indicates a willingness to buy BTC at lower prices: this is manifested both in the shadows of rejection and abnormal volumes in these shadows.
3️⃣ Limit densities typical for market makers have formed above the $43,500 extreme, which indicates that in the event of a breakdown they will actively sell. Also, a large cluster of shortlist liquidations has accumulated above the extreme, which hints at a high probability of breaking the extreme.
Priority scenario: formation of rotations in the range of $41,300 - $43,000 with a false extremum of $43,500. We expect a full-fledged resumption of the rally in 2024.
Will there be continued growth?
Last week, BTC reached its all-time high of 2023 at $44,700. In this post, I suggest you figure out when to wait for the next bullish impulse and what will the price be?
1️⃣ Bitcoin has reached a very important resistance of $44,100. Last year, major players designated it as a level for sale and, judging by the current price reaction, they continue to think so.
2️⃣ Despite the downward reaction from the level, its character indicates a willingness to buy BTC at lower prices: this is manifested both in the shadows of rejection and abnormal volumes in these shadows.
3️⃣ Limit densities typical for market makers have formed above the $43,500 extreme, which indicates that in the event of a breakdown they will actively sell. Also, a large cluster of shortlist liquidations has accumulated above the extreme, which hints at a high probability of breaking the extreme.
Priority scenario: formation of rotations in the range of $41,300 - $43,000 with a false extremum of $43,500. We expect a full-fledged resumption of the rally in 2024.