BTC: Are We There Yet?

The Fear and Greed Index is at 77, indicating the market is in a state of greed. While this is not surprising considering the massive price rise, we must exercise caution and not get too excited. In my last posts on Bitcoin, I posited that the price needs to break $72k and then $74k. Yesterday, we saw the price of Bitcoin hit $73600. We got close and then dipped a little. As of the time of writing, the price was $72372.

However, we must keep potential liquidation zones in mind. Observing the Coinglass charts, there’s a notable liquidation level of $73,095. As mentioned, the supply zone remains between $68,000 and $74,000, aligning this liquidation zone within that critical range.

I still believe BTC will break $74k and go on to a much higher price, but as to when this will occur, your guess is as good as mine.

#nosacapital #BTC #BTCPriceAnalysis #Write2Earn #coinglaas

BTC: Thing Remain Unchanged?

I have kept my counsel for a while now and said nothing. It is not that I have nothing to say but that I have been repeating myself for a while. Fear and Greed are back up to 73, meaning Greed is in the market. BTC is just over $68k. Enthusiasm is now in the air, but something lurks in the dark. As of the time of writing this, BTC was at $67,827. I have said in earlier posts that prices between $68k and $72k represent an area of supply. In other words, investors are selling at these prices. The current cycle indicates that BTC will reach a price of $70k. At this price, expect a fall. One reason is that the cumulative short liquidation leverage is around the $70k mark.

Having said all that, I will conclude by reminding everyone that the BTC price will not take off until it breaks the $72k mark. On attaining the $72k mark, you can expect $74k and then $77k. And as for the ultimate price range, I posit just over $120k. Some have argued for a higher price, but $120k is more reasonable. As exciting as it all is, your guess is as good as mine.

#nosazena #BTC #BTCPricePredictions #Write2Earn

BTC: Crash or Disaster?

Some believe it is a crash, others a disaster. Whatever you may think, BTC fell hard! I decided not to publish anything to see what might happen later. There has been a recovery in crypto prices, no matter how small. Pundits are putting a positive spin on things, but I dare say patience is the name of the game. Time is the custodian of events. Talking of pundits, I would suggest you read stuff written by Nicholas Taleb and Eric Balchunas, to name a few.

One may suppose those who recently got into BTC have panicked and sold. Nevertheless, on-chain analysis indicates that the OGs are not selling. While this is no financial advice, holding on to your BTC bag is paramount. Would I call this a crash or a disaster? Neither! What I see is the vagaries of BTC price movement. In other words, business as usual. In my previous posts, I said Bitcoin price must be above $72k to elicit excitement. Until that time, your guess is as good as mine.

#nosacapital #BTC #BTCanalysis #Write2Earn

BTC: A New Moment Coming?
Some of you have watched the recent Bitcoin conference. The politicians present made some grand statements, as was expected from them. Notwithstanding, one statement stood out. That statement was from RFK Jr., about buying BTC daily until the US government had four million coins. I think it is time someone informed RFK Jr. that there are only 1,220,050 BTC left. Barring the US government forcibly taking citizens' BTC, they will not have that amount. Perhaps most surprising was the cheers he got. Those present at that occasion should know better. They were busy thinking of their profits rather than the truth. We should all know this - never listen to the politicians. They will sell their mothers if there is a vote for them.

I believe it is well established by now that an area of supply exists. That area is between $68.5k to $72k. Unless BTC breaks the $72k barrier, there is no hope of a drive to higher prices. The bright spot is that the BTC weekly price action shows a cup and handle formation. This formation indicates a coming "Banana zone", meaning a massive price rise to come. We may get a price of $100k quite quickly.

We are still dealing with hypotheticals and not the truth. As for when the $100k price will be, your guess is as good as mine.

#nosazena #nosacapital #BTC #BTCanalysis #Write2Earrn

BTC: Sentiment Too Fickle?
What I am about to say to you has been said before. I will get excited once BTC goes above $72 - $73k. Until that time, there is nothing to see here. Many will not agree with what I am saying, but are you not tired of listening to the pundits? Pundits have so many explanations but no satisfaction. The up-and-down price movement of BTC is exasperating as the price should be up.

A cursory glance at the chart below shows an area of supply between $68300 - $72000. To enjoy the price of $100k and more, we first have to break above $72k. Second, a fear-and-greed index value of 70 and above. Until that time, your guess is as good as mine.

#nosacapital #Write2Earn #Bitcoin #BTC #BitcoinAnalysis

SOL: Expectations as Always?
The Solana network has had many good news stories in the last few weeks. Despite a drop in price and then a prolonged rise, SOL remains resilient. As we all know, where BTC goes, the market goes. SOL seems to have held its own in this volatile market cycle. TA specialists will have noticed that most cryptocurrencies have had their prices fall below the 200-day moving average, which includes Bitcoin. SOL did this only very briefly and then a steady rise.

To some, there is now an expectation of only good news when it involves SOL. We have had the announcement of blinks (Blockchain Links), which is a game changer. There is the fact that Solana has now surpassed ETH in weekly on-chain trading volume. Solana has also surpassed ETH and Arbitrum combined in 24-hour DEX volume. We must not forget that Solana has now captured 38% market share of all on-chain volume, underscoring its growing influence.

Another development is the major TWAP alert. TWAP, or Time-Weighted Average Price, is a trading algorithm that spreads a large order into smaller chunks and executes them over a specified period. This method helps minimize the market impact of large trades by averaging the execution price over time. It is also the method used by institutional investors to help in avoiding unfavourable market prices. Sol trading patterns have emerged that a lot of TWAP is taking place on Coinbase, Gate_io, Okx, and Binance. In this case, automated orders amounting to US$6.5 million per hour. The Whales, ladies, and gentlemen are stacking!

Finally, testing Solana Firedancer has begun. Solana Firedancer is a high-performance validator client for the Solana blockchain network. Firedancer seeks to improve transaction throughput and reduce latency, scaling the network and handling a larger volume of transactions. We have a game-changer, ladies and gentlemen.

So, when is the price going to improve? I hear you asking. I wish I knew when. And as always, your guess is as good as mine.
$SOL #Write2Earn #SOLAnalysis

BTC: Don't We Know Why?
I am no BTC maxi, but I have come to dislike the presence of the ETF funds. We all remember the enthusiasm felt before they entered the market. We all remember how Larry Fink criticised BTC. We also remember his sudden conversion. BTC price has continued to fall for longer than expected. Despite punditry's best efforts, the price continues in the doldrums. Buying by the ETFs has slowed, with some selling some of their BTC positions. Now we learn that the German government is divesting itself of the BTC seized from criminal elements. And let us not forget that Mt. Gox is looking to pay its creditors, who themselves may sell their positions. All this activity is bound to affect the BTC price. Fear and greed on Binance is now at 29.

BTC has fallen steadily for a few days, and things might not improve. First, the price has fallen below the 200-day moving average. We also see the same with 21-weekly EMA. We must remember that BTC broke through an area of support between $58,000 and $60,000. On Coinbase, BTC went as low as $53499! While on the South African crypto exchange Luno, BTC went as low as $51707!

As of writing, BTC is at $55090 - a bit of a recovery. I say be cautious, as anything can happen. If the price breaks $53499, we may find the next price between $50 - $52k. Anything lower than that, and the gods of crypto know where next. No one wants to catch a falling knife. And as to where that knife will fall, your guess is as good as mine.

#nosacapital #BTC #BTCanalysis #MtGox

BNB: Silent Commentary?
I apologise once more for not posting for a while. Let's talk about BNB once more. There is almost no commentary about BNB. I often wonder why. One has to admit that BNB has been one of the most resilient cryptocurrencies. Until very recently, it held support at the 55-EMA. Despite the break in support, BNB did not capitulate and fell helplessly. Instead, BNB traded sideways with the odd attempt to rise in price.

While cryptocurrencies such as BTC and SOL have fallen below their 200-day moving average, BNB holds above its 200-day MA. The BNB 200-day moving average weighs in at $481. Price support for BNB weighs in at $505. A break in support coupled with a 200-day MA price nearby may lead to a rapid fall in price.
We all know that BTC dictates the overall direction of the market. It means where BTC goes, BNB follows. Recent reports of the German government putting up BTC for sale and payment to Mt. Gox creditors can only mean one thing - another fall in BTC price. I may remind you that the total amount of BTC we are talking about is US$11.32 billion. I suggest we all brace for impact. And as to how far BNB and other cryptos might fall, your guess is as good as mine.

#nosazena #BNB #BNBAnalysis #BTC #Write2Earn

BNB: Resilience Continued?

I almost didn't write this because I thought saying too much might put a hex on BNB. I've consistently used the 21- and 55-day EMAs to determine the trend's direction. The best example of this is SOL. When SOL's price fell below the 55-day EMA, we saw a dramatic fall in price. However, we haven't seen the same with BNB. BNB is one of the least talked about and most resilient cryptos in recent times.

I have no idea why no one is saying anything about BNB, but its price movement shows its strength. This strength will continue as long as the price remains above the 55-day EMA. In other words, the 55-day EMA is strong support. Investors/traders can hold their positions as long as this is the case. Can things suddenly change in the market? Yes, they can. Nevertheless, you have an indicator you can watch closely.

I have been trying to figure out why BNB is so resilient. If anyone knows, please enlighten me; otherwise, your guess is as good as mine.

#nosazena #BNB #SOL #Write2Earn #CryptoMarkets

SOL: Resilience Galore?

Recently, we have seen congestion problems with the Solana blockchain. We have also read and heard of the media houses shilling new blockchains, which also includes the demise of Sol. All these reports and more are overly exaggerated. We are not here to discuss the media houses but the Sol charts.

Solana is a resilient crypto. In my earlier posts, I mentioned that Solana had not broken the 55-day EMA. The 55-EMA is an area of support. Sol's resilience at this point can only mean an increase in the price over time. As we all know, no instrument price goes straight up. Besides, Sol has had a good innings when it comes to price. I can safely say that the Sol price will not drop below $160. This price is an opportunity to buy for those who did not get in earlier.

Some good news is that the Solana team have given the 15th of April as the date when patches to the network will take place. There will be more, but the team will inform us. While we look forward to an increase in price, no one knows when we will head to surpassing its all-time high. And as to when this might happen, your guess is as good as mine.

#nosazena #Write2Earn #Solana #SolanaAnalysis #Crypto

BTC: Market Manipulation?
I know it has been a while since I last posted something; my apologies to all of you for that. By now, we all know that the vagaries of manipulation are playing out right in front of us. None of us think this is anything out of the ordinary concerning BTC. What we have here is market manipulation. Nothing more, nothing less. So, what proof do you have? Check the derivatives market.

You will see that market manipulation facilitates the liquidation of both the longs and shorts. This has been going on for a few weeks now. Do not expect it to stop anytime soon. In addition, let us not forget the BTC supply squeeze which is now upon us. One thing we can be sure of, long-term holders of BTC are not selling. Market manipulation or not, these guys will hold firm. BTC will go higher in price, that we can be sure of. And as to how high, your guess is as good as mine.

#nosazena #Write2Earn #Bitcoin #marketanalysis. #MarketManipulation

BTC: Market Vagries or Something Else?

I had wanted to write this a few days ago but decided to wait and see what happens in the market. In my last couple of blog pieces, I said there would be several more drops in price before proceeding to higher levels. BTC has shown that. You may take comfort that there are just a few things you need to pay attention to.

First, an investor can observe several areas of support. The first area of support is between $59 - $60k. Bitcoin price falling below support means that the bulls have lost the argument.
The second area of support is $50k. BTC falling below $50k means the bears are in control, and who knows where the price might end.

Secondly, let's consider the 21-weekly moving average. Analysts know this moving average is a threshold between the bulls and bears markets. As long as the price of BTC stays above $50k support near the 21-weekly moving average, the bulls are still in control.

Thirdly, we must always watch the Fear and Greed Index. Luckily, we are at Greed levels and not extreme greed. Finally, I have been watching the levels of liquidations occurring in the derivatives markets. It seems that both sides of the market are suffering heavy losses. For instance, the 4-hour BTC liquidations were $24.66M, which was $16.54M long and $8.12M in short liquidations. Derivatives also affect the current state of the market.

As I have said before, BTC will get to $100k; there is no doubt about that. I suspect this will happen in the summer months. And to exactly when this will happen, your guess is as good as mine.

#nosazena #BTC_ANALYSIS #Write2Earn‬ #Bitcoin #CryptoMarket

BNB: The Least Talked About Crypto?

Is it me, or am I just imagining things? Has anyone noticed outside the Binance Square that no one says much about BNB? In full disclosure, I bought BNB years ago, so I do have some. Nevertheless, I am guilty of neither talking nor writing anything about BNB. It begs the question, what is there to write? The only thing you can say about BNB is that the price is rising.

Like other cryptos, the weekly chart clearly shows the cup and handle formation. We all know that that is a bullish signal. There is further confluence with the weekly exponential-moving averages of 21 and 55. Enough said, people! No doubt there are other technicals further confirming this view.

The next question is whether BNB will hit its all-time high (ATH). Answer - yes! The trend is too strong not to. However, we must always bear in mind the Fear and Greed Index. We see extreme greed at the moment. Please bear that in mind if you have not taken a position. As said, BNB will hit its ATH, but as to when your guess is as good as mine.

#nosazena #BNB #CryptoMarket #Write2Earn‬

SOL: More Excitement to Come?
One of the most exciting cryptocurrencies in this market cycle has been Solana. From a lowly $8, SOL has risen to $152. Solana was the first to take off when no one expected it. For the last few weeks, Solana has traded sideways. Some believed SOL was losing momentum, and perhaps this was as far as it would go. Solana has proven otherwise. There is still much to come from this cryptocurrency. We can all see that with the price increase, SOL is still far from its November 2021 high of $260. Like BTC,

SOL has formed a cup with the possible beginning of the handle formation. If the handle forms over the next few weeks, this means only one thing - bullishness. Then again, the price may continue to rise without any formation whatsoever. No one can tell. A quick look at all the technicals, such as moving averages, Ichimoku Cloud, etc, all indicate a continued price rise. Do I think it will hit its all-time high? Yes. And as to when that will happen, your guess is as good as mine.

#solana #sol #alltimehigh #Write2Earn #CryptoMarket

BTC: All Time High Frustration?
In my last piece of 6 March, I mentioned that there would be another massive price drop should BTC hit between $70k - $72k. On Coinbase, BTC hit $70199, while on Binance $69990. We will likely have a repeat performance of the price hitting $70k and then a sudden drop. We may witness this a few more times before the final breakthrough to a much higher price level. As I have said, I am comfortable forecasting $75k, but not higher prices. Going by the Fibonacci retracement, $85k is the next price point after $75k.

The weekly chart has formed into a cup, and if the price charts sideways over the next few weeks - the handle. In other words, we may have a cup handle formation. The technical analysts among you know this is a bullish sign. Time is the custodian of events, and there is a way to go before the higher prices come to the fore. We will need patience. In the meantime, set your positions and sit back to prepare for a bumpy and fascinating ride.

BTC will hit $100k, but as to when - your guess is as good as mine.

#nosazena #BTC #Bitcoin #CryptoMarket #Write2Earn

BTC: What's Next?
A significant event took place yesterday. BTC hit its all-time high (ATH). With the ATH attained, the price fell by $1000 in a minute. Most were surprised. Panic set in for some, and mass selling commenced. While the mass sale was on, a colleague asked how this could happen. I responded by saying only the derivatives could cause this type of mass selling. It turns out that quite a few derivatives got liquidated.

My piece of 4 March did mention a possible fall in price. I suspect something similar will happen at price points of between $70 and $72k. The reason is that there are a few take profits in the offing. While the Fear and Greed Index is now at 75, this does not mean that it is plain sailing. For the students of on-chain analysis, the Pi Cycle Top Indicator (PCTI) shows the BTC price hitting the 350-DMA x 2. The PCTI has to count for something.

I believe that the price of BTC will hit $100k sometime in the future, possibly this year. And as for when this will occur, your guess is as good as mine.

#nosazena #btcprice #bitcoin #Write2Earn #cryptomarket

BTC: Happy Days Are Here Again?
Are we not entertained? Aren't happy days here again? Profits, profits, and more profits? We can expect a price range of $69k - $75k as a target. I must confess that the fear and greed index shows extreme greed. I believe when we hit the target, there will be a retracement. That might be the final price range to get in before heading off to $100k. Some analysts have posited that a price of $125k is in the offing this time. Only time will tell. Let's all remember to take profits as the price rises. You have no gains if you take none. And as to when BTC will hit $125k, your guess is as good as mine.

#btc #bitcoin #Wrtite2Earn #cryptomarket #FearAndGreedIndex

BTC: Inevitable Price?
A quick look at the BTC weekly chart says a lot. With the benefit of using Fibonacci Retracement, we expect BTC to hit $69k and eventually $75k. Along the way, BTC will have a price point of $66k and might stay for a short period before moving on to $69k. Although, the charts show that there should be no pause between $62k and $69k. What happens next is paramount. Should BTC move beyond $70k, there is no reason not to expect $75k.

At this price point, the excitement should begin. Many will not be able to contain themselves. We must not forget BTC's market cycle as BTC hits its key levels. A need to watch indicators such as the Pi Cycle Top, the 200-Week MA Heatmap, and the 2-Year MA Multiplier, to mention a few, becomes compulsory. So, when will BTC hit the $75k mark? One thing, people, your guess is as good as mine.

#nosazena #bitcoin #btc #CryptoMarketWatch #Writer2Earn