LIVEBiyond
@biyond
AI powered quantitative crypto analysis and investing.
https://biyond.co
Following
Followers
Liked
Shared
đ US stock futures did not tank as feared, allowing Bitcoin to survive Monday's crash so far.
đšđł However, plunging Chinese PPI data and commodities warnings of $60 oil raise economic concerns.
đ More focus on the global economy, especially China, as media narrative on its slowdown builds.
đ€ This could be a double-edged sword for Bitcoin - initial fears may drag stocks and risk assets lower, but major China stimulus could boost BTC.
đ Bitcoin's $54,866 weekly close was neither convincing nor bullish. Williams Alligator's first weekly sell signal since April 2022 is alarming.
â ïž Combined with Vanguard indicator, there are no immediate recovery reasons barring positive crypto news.
đš Bitcoin Crypto Fear & Greed Index back to multi-year lows, as is the trading-specific index.
đč Liquidation and leverage data suggest a short-term bounce to $59,000 is possible.
đ Technically bearish, but a short-term rebound can't be ruled out. CPI data and stock market moves may determine Bitcoin's next direction.
What's your outlook on Bitcoin's near-term price action?
#Bitcoinâ #CryptoMarketWatch #EconomicOutlook
đšđł However, plunging Chinese PPI data and commodities warnings of $60 oil raise economic concerns.
đ More focus on the global economy, especially China, as media narrative on its slowdown builds.
đ€ This could be a double-edged sword for Bitcoin - initial fears may drag stocks and risk assets lower, but major China stimulus could boost BTC.
đ Bitcoin's $54,866 weekly close was neither convincing nor bullish. Williams Alligator's first weekly sell signal since April 2022 is alarming.
â ïž Combined with Vanguard indicator, there are no immediate recovery reasons barring positive crypto news.
đš Bitcoin Crypto Fear & Greed Index back to multi-year lows, as is the trading-specific index.
đč Liquidation and leverage data suggest a short-term bounce to $59,000 is possible.
đ Technically bearish, but a short-term rebound can't be ruled out. CPI data and stock market moves may determine Bitcoin's next direction.
What's your outlook on Bitcoin's near-term price action?
#Bitcoinâ #CryptoMarketWatch #EconomicOutlook
#BiyondDaily - New Short-Term Highs Required
đ Bitcoin rebounded on positive jobs data, but Friday's payroll report remains crucial.
đŠ Goldman Sachs warns of sharp stock market drop if the report is negative.
đ Short-term technicals still weak, rallies being sold.
đŹ BTC and ETH discussions declining, while AI and memecoins gain traction.
đł Rumors of whales instigating altcoin sell-offs.
đ Daily Active Address Activity at 3-year low.
đ Private sector jobs report due today, could move markets.
đ Monthly pivot point at $57,870, crucial for potential $60,000 push.
đŒ Short positions opened near lows, increasing short squeeze potential.
Given these factors, what's your take on Bitcoin's short-term outlook?
#bitcoinâïž #CryptoAnalysisUpdate #MarketOutlook #GoldManSachs
đ Bitcoin rebounded on positive jobs data, but Friday's payroll report remains crucial.
đŠ Goldman Sachs warns of sharp stock market drop if the report is negative.
đ Short-term technicals still weak, rallies being sold.
đŹ BTC and ETH discussions declining, while AI and memecoins gain traction.
đł Rumors of whales instigating altcoin sell-offs.
đ Daily Active Address Activity at 3-year low.
đ Private sector jobs report due today, could move markets.
đ Monthly pivot point at $57,870, crucial for potential $60,000 push.
đŒ Short positions opened near lows, increasing short squeeze potential.
Given these factors, what's your take on Bitcoin's short-term outlook?
#bitcoinâïž #CryptoAnalysisUpdate #MarketOutlook #GoldManSachs
#BiyondDaily : Social FUD
đ Bitcoin shows slight recovery after dipping below monthly pivot point yesterday.
đ Selling lacked momentum to trigger more sell signals across technical and AI indicators.
đŹ Social media discussions focused on miner challenges, potential price drops, and whale inactivity.
đ Cryptoquant data shows short-term Sharpe ratio mirroring Sept-Oct 2023 levels, hinting at possible recovery.
đŻ Technically, Bitcoin needs to surpass $62,000 for safety. De-Mark indicator points to $61,000 as bull trigger.
đ„ Liquidation heatmap shows short liquidations clustered around $61,300-$62,000 and $64,600.
đ September historically volatile for Bitcoin; this week's moves relatively small in broader context.
đŠ Bitfinex Alpha research suggests Bitcoin might react bearishly to upcoming Fed rate reduction.
đ Hoping for a move above $62,000 before payrolls and some crypto-specific positive news.
What's your take on Bitcoin's path through this challenging period?
#CryptoAnalysisUpdate #MarketOutlook #LiquidationHeatmap #sharpe
đ Bitcoin shows slight recovery after dipping below monthly pivot point yesterday.
đ Selling lacked momentum to trigger more sell signals across technical and AI indicators.
đŹ Social media discussions focused on miner challenges, potential price drops, and whale inactivity.
đ Cryptoquant data shows short-term Sharpe ratio mirroring Sept-Oct 2023 levels, hinting at possible recovery.
đŻ Technically, Bitcoin needs to surpass $62,000 for safety. De-Mark indicator points to $61,000 as bull trigger.
đ„ Liquidation heatmap shows short liquidations clustered around $61,300-$62,000 and $64,600.
đ September historically volatile for Bitcoin; this week's moves relatively small in broader context.
đŠ Bitfinex Alpha research suggests Bitcoin might react bearishly to upcoming Fed rate reduction.
đ Hoping for a move above $62,000 before payrolls and some crypto-specific positive news.
What's your take on Bitcoin's path through this challenging period?
#CryptoAnalysisUpdate #MarketOutlook #LiquidationHeatmap #sharpe
đ Bitcoin under pressure at start of trading week, weakening below monthly pivot point.
đłïž Kamala Harris' poll lead over Trump not helping Bitcoin sentiment.
đ Technical indicators flashing sell signals:
Williams Alligator weekly close to bearish signal
Ethereum also issuing weekly sell signal
Biyond's Vanguard indicator turned red on weekly chart
â ïž Breach of $57,000 support could see Bitcoin tumble to at least $55,000.
đč Closing above $57,870 could open path to $60,000 retest.
đ€ Bitcoin often rebounds when sentiment is darkest, but Vanguard signal shouldn't be ignored.
#kamalaHarris #WilliamsAlligator #BTCanalysis #BiyondDaily
đłïž Kamala Harris' poll lead over Trump not helping Bitcoin sentiment.
đ Technical indicators flashing sell signals:
Williams Alligator weekly close to bearish signal
Ethereum also issuing weekly sell signal
Biyond's Vanguard indicator turned red on weekly chart
â ïž Breach of $57,000 support could see Bitcoin tumble to at least $55,000.
đč Closing above $57,870 could open path to $60,000 retest.
đ€ Bitcoin often rebounds when sentiment is darkest, but Vanguard signal shouldn't be ignored.
#kamalaHarris #WilliamsAlligator #BTCanalysis #BiyondDaily
đ Bitcoin dipped Tuesday, erasing last week's gains. U.S. bond yields rose on soft data, hurting market sentiment.
đł Massive whale alert: 30,000 BTC ($1.88B) transferred to Binance, triggering sell-off fears.
đ Major spike in Token Age Consumed - one of the largest this year, suggesting a potential $5,000 move.
đ„ Liquidation data shows $60,000 as near-term worst-case target. Leveraged longs declining.
đź Strong case for $60,000 support holding, with potential rebound towards $70,000 range high.
đ° Billions in liquidations above $70,000 could attract price movement.
đ Current dip may be approaching its lowest point this week.
What's your view? Will $60,000 hold as support, or are we in for more volatility?
#bitcoinâïž #CryptoMarketAlert #whalealerts
đł Massive whale alert: 30,000 BTC ($1.88B) transferred to Binance, triggering sell-off fears.
đ Major spike in Token Age Consumed - one of the largest this year, suggesting a potential $5,000 move.
đ„ Liquidation data shows $60,000 as near-term worst-case target. Leveraged longs declining.
đź Strong case for $60,000 support holding, with potential rebound towards $70,000 range high.
đ° Billions in liquidations above $70,000 could attract price movement.
đ Current dip may be approaching its lowest point this week.
What's your view? Will $60,000 hold as support, or are we in for more volatility?
#bitcoinâïž #CryptoMarketAlert #whalealerts
Biyond Daily: Now Holding Support
đ BTC struggling to maintain Friday's momentum due to Israel-Lebanon tensions.
đą Double rejection at $65K suggests possible $62.8K retest this week.
â ïž Heavy liquidations possible down to $62.2K - technically concerning.
đ Positive signs: Global BTC ETF net flows turning positive, slowing GBTC outflows.
đ° FTX's $12.7B Q4 cash redistribution could boost crypto.
đïž Seasonal factors: October historically strong for BTC, pre-election positivity possible.
đ Demark indicator: Daily closes above $64K could signal moves to $69K, then $78K.
đ Key level: $63.5K. Closes above $64K may continue upward squeeze, trapping bears.
What's your take on these market dynamics? Will BTC hold support or retest lower levels?
#bitcoinâïž #CryptoMarketTrend #TradingAnalysis
đ BTC struggling to maintain Friday's momentum due to Israel-Lebanon tensions.
đą Double rejection at $65K suggests possible $62.8K retest this week.
â ïž Heavy liquidations possible down to $62.2K - technically concerning.
đ Positive signs: Global BTC ETF net flows turning positive, slowing GBTC outflows.
đ° FTX's $12.7B Q4 cash redistribution could boost crypto.
đïž Seasonal factors: October historically strong for BTC, pre-election positivity possible.
đ Demark indicator: Daily closes above $64K could signal moves to $69K, then $78K.
đ Key level: $63.5K. Closes above $64K may continue upward squeeze, trapping bears.
What's your take on these market dynamics? Will BTC hold support or retest lower levels?
#bitcoinâïž #CryptoMarketTrend #TradingAnalysis
đ Bitcoin traders eye Jackson Hole meeting, especially Powell's speech on rates.
â ïž High leverage longs at $61K on Binance - potential red flag.
đ„ Possible heavy liquidations around $59K-$58K could push BTC back to $55K-$54.5K range.
đ $62.8K is critical; could open path to $67K.
đŒ BTC OTC desk balances at 2-year high - possible sell pressure incoming.
đ $64K-$66K range could bring short-term holders to profitability.
đ Key scenarios: Break above $62K-$62.8K or retreat to $55K-$54.5K.
Hopes high for Powell's speech to energize the crypto market. Which scenario do you think will play out?
â ïž High leverage longs at $61K on Binance - potential red flag.
đ„ Possible heavy liquidations around $59K-$58K could push BTC back to $55K-$54.5K range.
đ $62.8K is critical; could open path to $67K.
đŒ BTC OTC desk balances at 2-year high - possible sell pressure incoming.
đ $64K-$66K range could bring short-term holders to profitability.
đ Key scenarios: Break above $62K-$62.8K or retreat to $55K-$54.5K.
Hopes high for Powell's speech to energize the crypto market. Which scenario do you think will play out?
đ Global PMI data crucial today; strong numbers needed to calm markets and set tone for Powell's Jackson Hole speech on potential rate cuts.
đ Mt.Gox BTC movements to exchanges adding pressure. Key support level to watch: $45,000-$44,500. This could determine BTC's next big move: $45K or $80K.
â ïž CryptoQuant warns of potential "death-cross" in MVRV Ratio Momentum indicator. Last occurrence preceded a bear market.
đ± USD weakening against major currencies; EURUSD at one-year high. Factors: debt, political uncertainty, pending rate changes, NFP job report revisions.
đ Watch today's data closely. $55,000-$54,500 level best avoided for BTC.
Remember to verify this information, as market conditions can change rapidly. What are your thoughts on these developments?
#CryptoDecision #bitcoinâïž #marketanalysis
đ Mt.Gox BTC movements to exchanges adding pressure. Key support level to watch: $45,000-$44,500. This could determine BTC's next big move: $45K or $80K.
â ïž CryptoQuant warns of potential "death-cross" in MVRV Ratio Momentum indicator. Last occurrence preceded a bear market.
đ± USD weakening against major currencies; EURUSD at one-year high. Factors: debt, political uncertainty, pending rate changes, NFP job report revisions.
đ Watch today's data closely. $55,000-$54,500 level best avoided for BTC.
Remember to verify this information, as market conditions can change rapidly. What are your thoughts on these developments?
#CryptoDecision #bitcoinâïž #marketanalysis
BTC back to $59K after 12K Mt.Gox BTC moved. Stocks stagnant, USD index broke lower, but Mt.Gox fears overshadowed. Leverage longs stacked at $61K resistance. Traders still majority long, risking $57K-$55K. FOMC, Jackson Hole this week. Crypto Fear/Greed low, but BTC vulnerable. Need $62.7K break. #bitcoinâïž #FearNGreed #FOMCForecast
BTC nears $61K. US indices up. Norway fund increases BTC exposure. China unbanning rumors. USD index weak. CryptoQuant: Investors taking risks, spot to futures flow. Whales added 100K BTC in 6 weeks. Leverage data shows long bias. Retail entry could boost market. Target $67K. #bitcoinâïž #BiyondDaily #targeting
BTC rejected at $60K, mid-range. Gold ATH, stocks positive. Risk of $57K break. 75% BTC hodled 6mo, limiting upside. 80% short-term holders underwater. $9B shorts near $68K. Funding rates low. Leveraged traders net short. $57K key liquidation zone. Watch mining stocks. Post-Thursday action key. #bitcoinâïž #GOLD_UPDATE #fundingrate
BTC above $59K, eyeing $62K. Harris polls not impacting sentiment. Binance Funding Rate at YTD high. CoT report positive: Pro traders retain longs, zero new shorts. Institutions increased longs. Leveraged traders net short. Long/Short ratio down to 1.5:1. $62.7K monthly pivot.
#Elections2024 #BiyondDaily #Longs&Shorts
#Elections2024 #BiyondDaily #Longs&Shorts
BTC at weekly low ~$57K, Mt.Gox & GBTC outflows impact. $1.86B options expiring today. Stock market strong. 2016 cycle comparison hopeful. Watching CoT report for pro trader positions. Short positions opened at lows, hinting recovery. $62K-$64K liquidation zone. Long/Short ratio high at 2.5:1. #bitcoinâïž
BTC drops post-CPI despite rate cut expectations. Sell orders defend $61.5K-$62.5K. ETF outflows & Mt.Gox impact ongoing. US gov't moved $594M BTC, sparking sell-off fears. $22.26M longs liquidated. $57K-$57.3K crucial support. USDT & USDC issuance up, hinting institutional interest.
#etfflows #CPIInsights #SupportZone
#etfflows #CPIInsights #SupportZone
BTC rebounds to $61K on low PPI, ETF inflows & positive markets. Mt.Gox transfers didn't dent rise. CPI crucial for momentum. $62.7K close ideal. Retail bears increasing. 18.5K long-dormant BTC moved. Hayes predicts US Treasury liquidity boost & China stimulus. #bitcoinâïž #CryptoNewss #PPIData #ETFNewsUpdate
đš Bitcoin is in a holding pattern ahead of today's PPI report, with markets on edge due to Iran-Israel tensions and high commodity net shorts. đ A drop below $57K could trigger a fall to $55K. BTC needs to close above $62,100 to avoid losing momentum before the election. đ #bitcoinâïž #CryptoNewss #PPIData #MarketWatch2024
#Bitcoin dips back to $58k after Long liquidations Strong weekly gains met expected correction. Inflation & geopolitical tensions raise market caution. Bulls need to hold $57k for a shot at $62k this week. Whales sending mixed signals.
#CryptoNewss #BTCâ #Whaletraders
#CryptoNewss #BTCâ #Whaletraders
Biyond Weekly: Imagining The Cup & Handle Pattern
This week I would like to discuss the formation of the cup & handle pattern that is currently forming on the Bitcoin weekly chart.
The Cup & Handle is amongst a handful of very reliable trend continuation price patterns.
Source: Tradingview.com
For me, this pattern now takes center stage, as the recent drop from just close to $70,000 to just below the $50,000 level has eradicated a potential Wyckoff pattern on the daily chart ever playing out.
Source: Tradingview.com
Gold also recently ignited a cup & handle pattern and after breaking $2,100 and quickly rose to just shy of $2,500, further underscoring the effectiveness of this pattern.
Source: Tradingview.com
One of the many golden rules of the cup & handle pattern is it must form during an uptrend in order for it to be valid. Bitcoin certainly fits that category.
Another golden rule for the cup & handle pattern, specifically the handle formation, is that this very important part of the pattern should not exceed certain measurements.
Source: Tradingview.com
Ideally, the depth of the forming handle should not exceed a value equal to œ of the depth of the cup.
I am pleased to say that during this weeks dip Bitcoin has not got anywhere near a 1/2 or percent of the cup size. So the pattern remains very valid.
Also, a sharp surge in volume should accompany the moment of breaking through the price level needed to start the breakout. This looks to be around the $70,000 area.
Source: Tradingview.com
This part is currently speculative, but keep a mental note to check BTC volume around $70,000 and especially if a new ATH is made.
How far should the price rally to once the pattern is eventually and inevitably ignited?
The target level for this pattern is the height of the cup, laid up from the resistance level.
Very broadly, Bitcoin should therefore go towards $110,000 to $120,000 level judging by the target.
This seems about right.
Source: Tradingview.com
However, it's important to note that the Crypto Total Market Cap has now formed a Cup & Handle pattern like Bitcoin.
This could suggest that altcoins are going to lag Bitcoin and BTC is going to steal the show.
Fundamentally, this makes sense if we consider the ETF vehicle used by funds and the possible Trump victory ahead.
#WeekendWisdom #cuphandlechart #GOLD_UPDATE #BiyondWeekly #TotalCryptoMarketCap
The Cup & Handle is amongst a handful of very reliable trend continuation price patterns.
Source: Tradingview.com
For me, this pattern now takes center stage, as the recent drop from just close to $70,000 to just below the $50,000 level has eradicated a potential Wyckoff pattern on the daily chart ever playing out.
Source: Tradingview.com
Gold also recently ignited a cup & handle pattern and after breaking $2,100 and quickly rose to just shy of $2,500, further underscoring the effectiveness of this pattern.
Source: Tradingview.com
One of the many golden rules of the cup & handle pattern is it must form during an uptrend in order for it to be valid. Bitcoin certainly fits that category.
Another golden rule for the cup & handle pattern, specifically the handle formation, is that this very important part of the pattern should not exceed certain measurements.
Source: Tradingview.com
Ideally, the depth of the forming handle should not exceed a value equal to œ of the depth of the cup.
I am pleased to say that during this weeks dip Bitcoin has not got anywhere near a 1/2 or percent of the cup size. So the pattern remains very valid.
Also, a sharp surge in volume should accompany the moment of breaking through the price level needed to start the breakout. This looks to be around the $70,000 area.
Source: Tradingview.com
This part is currently speculative, but keep a mental note to check BTC volume around $70,000 and especially if a new ATH is made.
How far should the price rally to once the pattern is eventually and inevitably ignited?
The target level for this pattern is the height of the cup, laid up from the resistance level.
Very broadly, Bitcoin should therefore go towards $110,000 to $120,000 level judging by the target.
This seems about right.
Source: Tradingview.com
However, it's important to note that the Crypto Total Market Cap has now formed a Cup & Handle pattern like Bitcoin.
This could suggest that altcoins are going to lag Bitcoin and BTC is going to steal the show.
Fundamentally, this makes sense if we consider the ETF vehicle used by funds and the possible Trump victory ahead.
#WeekendWisdom #cuphandlechart #GOLD_UPDATE #BiyondWeekly #TotalCryptoMarketCap
đ Bitcoin nears $60K amid profit-taking and large outflows from ETFs. Despite Mondayâs dip, a positive weekly close seems likely. đ Watch for a battle with the 200-day MA near $62K and potential sudden shifts from large sell orders. Cup & handle pattern suggests a bullish long-term outlook! đ #bitcoinâïž #CryptoDecision #TradingMadeEasy #BTCâ
đ Bitcoin is rising again after a dip to $55K due to U.S. market turbulence. Keep an eye on today's U.S. jobless claims for key insights! đđŒ Ripple (XRP) is rebounding and Solano shows promising signs. Watch for a potential dip to $49K before a true buy signal! đđ #bitcoinâïž #Rippleđ° #Solano #TradingMadeEasy #BiyondDaily
Explore the latest crypto news
âĄïž Be a part of the latests discussions in crypto
đŹ Interact with your favorite creators
đ Enjoy content that interests you
Email / Phone number
Trending Topics
BinanceLaunchpoolCATI
3.1M views
1,904 Posts
Introducing Catizen (CATI) on Binance Launchpool! Farm CATI by Locking BNB and FDUSD
Binance Announcement
1.1k Likes
130.7k views
BinanceLaunchpoolHMSTR
6.3M views
3,680 Posts
FTXSolanaRedemption
2.6M views
1,506 Posts
