Will Bitcoin correct, which 2 levels are most critical?

Will Bitcoin going from 51K to 74K provide a buying opportunity?

My personal strategy will be to buy in every possible correction in Bitcoin, which has recently renewed its ATH. The reason is the interest rate reduction process awaiting us in the global economy and the bull cycle supported by Spot ETFs.

1- Pi Cycle Top: will history repeat itself?

The on-chain data you have been following most closely since 2022 is Pi Cycle Top.

When we examine the past bull cycles, Bitcoin failed to pass the green trend (350 DMAx2) you see on the chart in one try. However, this time Spot ETFs are on the scene. For this reason, I will closely follow the WEEKLY closings above and below this level, which is currently 69600.

2- Technical Data

Let's look at the technical data LTF (short term).

FRVP VAH (high buy zone) points to the 68K level. If the bulls can defend the 68000 - 69600 region, they can fend off this correction before it gets too deep. However, our intense exchange level below is 61818, any possible withdrawals up to this point are healthy.

Even though the momentum has weakened, it is still in the green zone and the RSI is below 50 points (we want it to be above 50 points for the upward movement to continue). Selling pressure is likely to continue.

3- NVT Golden Cross

Finally, let's examine NVT GC, another on-chain data.

When we look at the NVT GC data, it is moving towards -1.6, which is the oversold region. This data can help us find local bottoms (regionally).

✅Result

There will be no Spot ETF entries on the weekend, naturally the whales will have a say in the market.

It is useful not to ignore what I mentioned in the previous sentence. As a result, it is technically quite healthy for an instrument that goes from 51 to 74 to retreat halfway through this rally. But will the Spot ETF side and the whales allow this? No one can know this.

We must create our own strategy by evaluating the above data and stick to it.

The bull has arrived.

Thank you for reading 🙏

#Write2Earn‬ #TrendingTopic
#Bitcoin

$BTC

When Will the Alt Coin Rally Happen?

Let me answer you with a single graphic.

Let's examine the TOTAL2 data together. TOTAL2 is a data that calculates the total market value of all coins except Bitcoin.

If we look at it technically, the pivot (the level that determines the direction of the price movement) in this data is the Fibonacci 0.5 level. This is equivalent to 1 Trillion USD. It is also an important psychological level.

This level (1T USD) must be exceeded to speak of a rally for alt coins.

Warning:

Another point to note here is that TOTAL2 data includes stable coins, so this data may be a little misleading. At the same time, the dominance data of stable coins (USDT.D and USDC.D) should also be followed.

Thank you for reading.

#Write2Earn #TOTAL2 #ALTCOİN

$ETH

A net outflow of 18,828 Bitcoins occurred from the exchanges yesterday (March 28, 2024) alone. But what is the reason?

Following the approval of Bitcoin Spot ETF, net BTC outflows from exchanges continue to increase.

⚠️ A net outflow of over 10K was achieved 6 times.

A total of more than 10 thousand Bitcoins exited from all exchanges (CEX and DEX) on 6 different days in 2024.

Following the spot ETF approval, the most intense color in Bitcoin net outflow was red (buyers are strong). So much so that we witnessed a net Bitcoin outflow of 14K, 18K, 20K, 12K, 14K on 6 different days, respectively, and finally 18,828 yesterday. It would not be wrong to associate these with corporate purchases (I will prepare a detailed article in the future).

After such a large amount of Bitcoin outflows, we can expect the supply shock to continue to increase (but first, necessary liquidations must be made on the leverage side) and it would not be wrong to expect serious increases.

✅ Result

Bitcoin is the only asset in limited supply that central banks cannot claim.

We can foresee that interest in Bitcoin will increase with the start of the global interest rate cut cycle in the near future. Then, predicting that both corporates and individual investors will compete to buy Bitcoin... This could lead us to a stronger bull cycle than we have ever witnessed.

Thank you for reading 🙏

#Write2Earn‬ #TrendingTopic #Bitcoin #On-chain

$BTC

Bitcoin Liquidation Heat Map: Which 2 levels are worth tracking?

Today is a holiday in the USA and the market is left to the whales.

Let's take a quick look at our heat map. 71106 above and 68743 below are important levels. Intense liquidity exists at these levels for now.

It is worth following in the short term.

#Bitcoin #Write2Earn #on-chain

$BTC

Let's take a quick look at AVAX on on-chain metrics: which 2 levels are important?

1- On-Chain Support and Resistances

We can say that 51.59 and 46.85 are relatively larger and stronger supports in the short term.

On the other hand, the level that is difficult to exceed and is expected to be mixed with strong seller pressure is 54.88. A rapid upward movement can be expected with the next weekly closings above this level. However, if it is exceeded, the support levels can be tested respectively.

2- Is volatility an important metric?

My answer is very short and clear. Yes.

When we examine the last year's data, we see that the price also increased after the volatility increased. Especially in this calculation, we can see that Avax's price movement gained strong upward momentum after volatility rose above 100%.

✅ Result

Besides technical data, on-chain metrics can also help us understand price action.

Thank you for reading 🙏

#Write2Earn #TrendingTopic #Avax #avalanche

$AVAX

What is Total2 data, why is 1 Trillion USD a critical level for alt coin bulls?

The first bull I experienced was over when I learned to follow TOTAL2 data to get a bird's eye view of the overall price movement of altcoins.

TOTAL2

After entering the super charts, we write “TOTAL2” in the symbol search section and select the data I marked in the image.

Crypto total2 data refers to the sum of the market value of all cryptocurrencies excluding Bitcoin. This is used to measure the size of the rest of the cryptocurrency market, ignoring Bitcoin's dominant market position.

However, it should not be forgotten that stable coins are included in the TOTAL2 data, so the assumption that the money coming out of Bitcoin will enter altcoins is no longer very healthy (not to mention spot ETF).

✅ Result

When we look at TOTAL2 data with the Fibonacci Corrections we learned together before, we see that our pivot level is roughly 1 trillion dollars.

Why is this place important? It is a very expected scenario in technical analysis that TOTAL2 data, which fell 72% from the peak (bearish) in the previous rally to the bottom of "1.59T USD", increased by 50% of this decline. In order for the upward movement to continue, Fibonacci must rise above the 0.5 level (red) and pricing is expected to be above this level.

As a result, technical analysis methods tell us that Fibonacci 0.5 is the pivot (decision area of ​​the trend) level for an instrument. In a correction that may occur in the short term, Fibonacci level 0.5 can be tested.

I will follow this level closely in the coming weeks and continue to share current data with you.

Thanks for reading 🙏

#Total2 #Write2Earn #Ethereum

$ETH

The leader of the day in Bitcoin Spot ETFs is again Fidelity (for now).

According to CryptoQuant data, Fidelity has purchased 4000 Bitcoins, BlackRock has purchased 2323 and ARKB has purchased 1055 Bitcoins. In comparison, there were 4944 Bitcoin outflows from Grayscale.

The market in the USA has not closed yet, we will see clearer data tomorrow, but the situation is positive for now.

Thank you for reading.

$BTC

#Write2Earn #BitcoinETFs

Let's take a look at the X-ray of Ethereum via On-Chain 👇

Chain data can tell more than you think.

Based on the current price, 89% of those holding ETH in their wallets are in profit.

The total volume of transactions worth over $100K on the Ethereum network in the last 7 days exceeded $57 billion. The amount of ETH burned in the last 30 days reached 156 thousand Ethereum.

When we examine it volumetrically, we see that 3476 and 3371 are important supports in the short term.

On the other hand, 3586 and 3691 are again important resistances in the short term, especially if the second level is exceeded, there is a strong possibility of testing the 4000s.

We see that the number of active addresses in Ethereum, which dropped to 440K, is approaching 600K again, quite positive (?).

When examining the number of active addresses, it is necessary to pay attention to how many of these addresses are new addresses and how many are zero balance addresses. When we review it since January 1, 2024:

👇👇👇

1 January 2024 - 27 March 2024
New address: 84K - 127K
Zero Balance: 117K - 61K

✅Result

As a result, the increase in new addresses among the increasing number of addresses in Ethereum and the decrease in addresses without money in their safes are very positive data.

When we examine all the data, we witness that chain data (in the case of Ethereum) draws a more consistent scheme in our minds. By blending such data with fundamental and technical data, we can make healthier investment decisions.

Thank you for reading 🙏

$ETH

#Write2Earn #Binance
#TrendingTopic #Ethereum

Let's look at OTHERS this way: Can it reach 1 Trillion dollars?

The graph is logarithmic.

We will see great rises in alt coins, especially when it throws itself into the red channel.

#others #Write2Earn #TrendingTopic

$ETH

LINK HTF - Exploring the accumulation zone > geographical discoveries
😅😅

Green - major trend
Blue - pivot price zone
Red - falling trend

Those who do the costing in the accumulation area should be at ease.

I cost in the accumulation zone. When it goes above 50, I reset my cost and carry the rest for free.

Thank you for reading.

#LINK #Write2Earn #TrendingTopic

$LINK

Bitcoin Investor Tool: 2Y MA Multiplier - On Chain

Those who do not understand Bitcoin will be doomed to run after it when the price reaches 140K.

#Bitcoin #BTC #Write2Earn

$BTC

GRTUSDT HTF Update

Fibonacci tracking levels are presented to you on the chart.

Profits should be taken as they come into the red boxes. Especially at the Fibonacci level of 0.5, the cost should be reset and the remaining amount should be utilized until the end of the bull cycle.

With this chart, I told you not only technical information but also strategy.

Thank you for reading.

$GRT
#Write2Earn #TrendingTopic #GRT

FTM HTF Update

The graph is logarithmic.

The product has been following the rising Fibonacci channel for years. The instrument can be expected to test Fib 0.5 in the long term.

This points to around $4.00 in the 3rd quarter of the year.

Thank you for reading.

#Write2Earn #TrendingTopic #FTM

$FTM

XLM HTF Update

Let's look at XLM from technical data only.

Fixed range volume profile heavy swap level $0.11.

As long as it remains above this level, we can expect the instrument to continue its upward movement.

Profit should be taken in red boxes, it would be best to proceed with the double-half strategy.

Thank you for reading.

$XLM

#Write2Earn #TrendingTopic #XLM

Bitcoin LTF Update

The falling trend starting from 74K has not been broken yet.

Stay tuned, 62219 is vital in the short term. Six and above are different worlds.

26 hours left until weekly closing.

There is no sign of trend reversal yet, neither in technical nor on-chain data.

#Write2Earn #TrendingTopic #Bitcoin

$BTC

Bitcoin Domina alone is not enough!

I have explained this at length before. Let me summarize: It is not enough to just follow Bitcoin dominance. Following BTC.D+USDT.D+USDC.D provides us with more reliable data.

To sum up, this data is currently around 59%. The long-term pivot level we follow is also 59!

Once it drops below 59 points, that's when the sub-season will begin. Keep monitoring closely.

Thank you for reading.

#Bitcoin #Write2Earn #TrendingTopic

$BTC

AVAX HTF Update

Fibonacci was rejected at 0.5. It would be too optimistic to expect it to pass all at once.

This is the long-term pivot level, after the next weekly closes above the Fibonnaci 0.5 level, we will see AVAX talked about even in the traditional media.

Thank you for reading

$AVAX

#Write2Earn #TrendingTopic #AVAX

The Only Data I Will Follow Before a New ATH in Bitcoin

👇🏻 👇🏻 👇🏻

BTCUSDT/DXY

With this parity, we can reach the value of Bitcoin against DXY. I have been using it for the last 4 years to understand bull and bear cycles.

Conclusion:

When Bitcoin surpassed its peak in the 2017 rally (211 points), it went to a new peak.

Currently, the biggest resistance ahead is 689 points in this parity. When it exceeds this level, Bitcoin will come to a new ATH.

Thank you for reading.

#Bitcoin #Write2Earn #TrendingTopic
$BTC

I will explain the 2 important levels I follow in Bitcoin and the reasons in 4 articles (61K and 51K).

I will follow these 2 levels when creating my medium-term investment strategy.

1 Technical Data📈

This is the ascending channel that I have been following in Bitcoin since January 2024 and it has provided returns of up to 84%.

It is expected that it would be technically healthy to see a correction after such a rise in a short time. The two levels I follow in the short and medium term are 61K and 51K respectively (the reason is FRVP intense clearing levels). We have seen contact with the first of these levels in the past few days and if it can stay above here it is positive. However, if it falls below, I keep the possibility of testing 51K on the table.

When we look at technical data (in the daily period), momentum, RSI and ADX give us signs that the sellers are gaining strength.

2 NUPL 🧐

Let's examine NUPL data historically.

Before the bull cycles, whenever the NUPL data exceeded 0.5 points (first contact before the bull run), it was always subject to a correction (I will write in detail).

It is currently at 0.58 points and the trend has been weak lately.

3 Pi Cycle Balls 🧷

Pi Cycle Top shows us again that 350DMA (x2) is a serious resistance.

When we examine the Pi Cycle Top data historically, we see that the green trend (350 DMA) is a serious resistance in bull cycles. The next weekly closings above here are very important. I will continue to update this data.

4 Spot ETF Realized Price ⚔️

When we look at the Spot ETF RP, we see that it is currently 51.7K.

Since the price of Bitcoin is above this level, it would not be a mistake to predict that this level will increase day by day. At the end of the day, this level coincides with the 2nd critical level I mentioned above.

✅ Result

As I always say, we can expect a 50% retracement/reaction after a trend, regardless of whether it is rising or falling.

It is impossible to predict the bottom or top, but current data indicate that a possible correction may occur around the 51 - 56K region.

#Write2Earn #TrendingTopic
$BTC
#Bitcoin

Solana HTF Update

Solana chart that I have been following since August 2023.

Green box may be a buying opportunity. May you have plenty of profits.

#Solana #Write2Earn‬ #TrendingTopic

$SOL