FLAG IN BTCafter breaking the flag , we can enter in a long position by a stop bellow the support zone and a good target .
good luck
BXBT trade ideas
BTCUSD correcting to 8000 USD before move upNow in wave 4 of (3) to complete with (4) and (5) and then ((B)) to end (((2))) begin 2023
Expecting 5 to complete in an ending diagonal
Static support and resistance For XBT UpdateAs you can see, the price reached the specified support and was supported.
Trade Setup - expecting a completion of the c wave Assumption - this is the final attempt to capture C and go down from there
Risk : massive upside haha . tight SL in place . low chances of success , but high reward if successful
Static support and resistance For XBTThe static support and resistance of the price is determined based on the past of the chart.
BTC 2018 vs 2022notice comparison of .236 fib between
2018 and 2022. Maybe what we are anticipating has already happened? Maybe.
MA and RSI study
Fundamental analysis in cryptoThrough fundamental analysis , we can try to detect the authentic and objective value of cryptocurrencies in spite of their market price.
Through these techniques, we can assess whether a cryptocurrency is undervalued or overvalued, and we can detect a trading opportunity.
With fundamental analysis , traders evaluate and study what can affect the price of a security, such as external factors or events. This type of analysis takes advantage of tools like periodic financial statements, financial ratios, economic forecasts and other types
of additional information that can affect the value of a security.
There are different approaches to fundamental analysis that analyse micro and macroeconomic variables in different ways:
1. Top-down approach: through this approach, the trader analyses macroeconomic variables first and then microeconomic variables. Global information is taken in first, followed by more detailed and specific values and variables addressed. With this approach, the trader looks at the world economic situation, and then looks more at the most economically attractive countries, along with the sectors with the most potential, and within them, chooses which ones are most convenient to invest in.
2. Bottom-Up approach: this approach is the opposite of the previous one: first the trader chooses companies with growth potential, analyses the sector they operate in and then the economic situation of their countries; the overall global economic situation is the last thing to be analysed.
THE ADVANTAGES:
This approach allows the investor to collect and analyse information external to the markets but that might still influence prices. This way, the investor has a clearer vision of the reality of the market.
THE DISADVANTAGES:
The trader using fundamental analysis needs more thorough knowledge and experience of accounting, business and, in the specific, the sector of interest.
Moreover, investment terms with a fundamental analysis are longer because it requires more studying and background with respect to other analytical tools, like technical one.
It can also be outweighed by chance factors, such as physical disasters affecting commodity prices and companies in general. In general, markets can also be surprised by unexpected changes in economic and political scenarios.
In the specific case of crypto markets, fundamental analysis can be used to analyse the exterior components that can affect cryptocurrencies.
Fundamental analysis can be carried out by looking at its use cases or community, but also at the team behind every specific crypto project, something that tells a lot about its
overvaluation or undervaluation.
Indeed, in the case of crypto markets, there are no financial statements, and therefore they cannot be evaluated as normal financial assets. Most cryptocurrencies are still in the
developing stage and they do not have a lot of real-world applications; they rely mostly on miners, users and, of course, developers.
It can be of great importance given that crypto markets are relatively more volatile and less stable than others, and due to their irregular situation investors react quickly to exogenous factors. These factors can vary and go from regulatory pressures to simple tweets - take Elon Musk as an example.
Fundamental analysis can indeed help comprehend the fair value of crypto assets - data about this can be found on different websites, such as Reddit or Telegram. The use of technology is of utter importance.
The investor can assess the usability of the adoption of the cryptocurrency he's interested in, but this tool can also be used to study how governments value cryptocurrencies and whether they want to implement new regulatory policies about it. We can also identify the progress that it's being made in terms of technology, such as how the activity of cryptocurrency is developing, along with its software or media coverage - all these factors contribute to
increasing the crypto asset's value.
From a psychological point of view, it can also help the investor trade with more confidence, knowing that a thorough analysis has been carried out. When the analysis is done daily, it
can help you develop a finer investment strategy.
In terms of financial metrics, what can be used is:
Market capitalisation: the investor can look at the total market worth of cryptocurrency, which indicates whether there is space for growth. To get that, you multiply the current price per coin by its supply.
Liquidity, or how easy it is to buy or sell the asset. A liquid market is a competitive market and is usually favoured by investors, also because it entails a lower bid-ask spread.
Volume:
it spurs liquidity because it is telling of how much money has been exchanged for a certain asset.
Fundamental analysis usually prioritises the assessment of transaction values. If the transaction value is consistently high, it means that the cryptocurrency is in steady circulation.
Fees:
they reflect the demand on the blockchain. Every cryptocurrency can have its own transaction fee.
The assessment of the fees paid over various periods gives the
trader an idea of how secure the crypto asset is.
Supply mechanisms:
general microeconomics state that when supply is low and demand is high, price rises. A general belief for cryptocurrencies is that when supply runs out, the price will rise (this is, for example, a general prediction of Bitcoin holders). On the other hand, investors can also use project metrics for their fundamental analysis:
Whitepaper:
it is a technical document outlining the purpose and operation of the
project. It should comprise the blockchain technology solutions, the use cases for the currency, the planned features and upgrades, sale and team information, and tokenomics (the factors that impact the tokens' use and value).
The team:
crypto teams are easily accessible to assess nowadays so that the investor can learn more about them and their credibility.
The competitors:
the investor can conduct an analysis of the crypto assets; competitors. If there are other cryptos which are more widely adopted or valuable, maybe it is best to back off from the item of interest.
Last but not least, important instruments when evaluating cryptos through fundamental analysis are Blockchain metrics or On-chain metrics. The rising popularity of blockchain
has made sure that lots of different types of information could become extremely popular, such as the number of active users, total transactions and transaction value.
There are three fundamental metrics in this case:
1. Hash Rate :
this is a measure of the mining machine's ability to conduct hashing computations in an efficient way.
The hash rate also determines the profitability of the miner, as it indicates the likelihood that a block will be mined, and, indirectly, the chance of receiving the block reward. An investor should look at cryptos with a more extensive network because they are more resistant to attacks or data manipulation.
2. Status and Active Addresses:
active addresses measure the number of dynamic blockchain addresses over a period of time. They are helpful in comparing the growth or decline of the activity or interest in the coin or token. The investor can also get to
the active address through the computation of the total number of unique addresses over time (and a comparison of the results).
3. Transaction values : they can be determined for the assessment of the regular circulation of the crypto asset. It indicates how much money was exchanged on a given period, and therefore, the number of transactions.
Short term picture on btcMy hypothesis on what’s happening with btc. Short term long , medium term bearish
BTC Long around $19500I believe we bottomed because of many confluences and indicators especially daily divergence and hash ribbons buy signal.
I'm expecting bitcoin to retrace at around 19.5k level because it left a daily gap and it has to be filled before we start rallying :D
BTC 28K is back on the menuBTC is showing signs of strength. It's broken out of its months long descending triangle pattern.
Look for it to range sideways and up in the coming months, with 28K being a major resistance level and 25K up on deck before that as another resistance level.
Bitcoin volatility index - Waiting for a volatile November
The Bitcoin volatility index is near an all-time low level that is around October 2018 low.
I have already compared these charts (see below).
The fact is that after such a decrease in volatility, there is always a big move.
The question of up or down is the eternal question of most people in the market.
Locally, I think there will first be an upward movement with liquidations of short positions and then downward.
My opinion has not changed since November 2021 - we are going down and already near the bottom. For this, we lack the last dive down with multi-billion dollar liquidations of large and small players in the market.
Who benefits? Manipulator.
Who is the manipulator? The largest crypto exchanges with futures trading like - Binance, FTX, Bybit, Okex, Huobi, and others.
For those with a short memory, remember when Binance bought Coinmarketcap - after the covid fall in 2020.
Best regards,
EXCAVO
🟢 BTC HITS Take Profit then pulls back 🟢 Pefect Entry & Exit🟢🟢 Crypto Currency 🟢 BTCUSDT 🟢 BTC HITS Take Profit then pulls back 🟢 Pefect Entry & Exit🟢
Seeking Pips latest CRYPTO chart analysis on BITCOINS price action.
After a successful end to a short term trade setup that we shared recently, our main trade idea remains in place and which is that key resistance labled on this chart has to be broken at 20455 before we can anticipate the next BIG rally higher in Bitcoin.
Until that happens we see BTCUSD still sitting within our CHOP BOX indicated on our chart with the dollar symbols either side of the coloured box.
BITCOIN 15MPreferably suitable for scalping and accurate as long as you enter carefully the price behavior with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
Inverse correlation between spent outputs and longsDang, that's a lot of longs underwater.
A lot of buying in this range.
I feel a mass liquidation coming on soon.
Correlation between BTC Longs and BTC:USD.
Scalping the LONG SIDE? BTC Buys#btc #bitcoin #btcusd
Since posting this chart some hours ago we had a few DMs asking would we take a buy short term trade here here on Bitcoin.
Well as we mentioned earlier we wouldn't be interested until BTC was above our key level above 20k.
Anyhow with a gun to our head as a very short term idea with risk managed one could enter at market looking for 4:1 reward to risk and still be within the current BTCUSD liquidity range.
But like we always say in our lessons we rather be in late but with a smaller stop loss in any trade and so we only see that senario playing out for us once BTCUSDT is above 20k again.
Have a great day all!
We will continue to share our trade and chart ideas on this FREE platform if we see the interaction from the community, so PLEASE SUBSCRIBE TO SEEKINGPIPS HERE ON THIS PLATFORM.
Bitcoin: Volatitly cylce at the lowsVolatility on bitcoin is still very low, so there is no real interest in the crypto space which is normal in a risk-off environment. Keep in mind that everything is linked to FED policy, which is in a hawkish cycle right now, so higher yields, mean higher costs, thus its less free cash to be invested into the cryptos, stocks, etc. However, this hawkish cycle may come to an end if economic conditions will worsen in weeks and months ahead. A recession should force FED to slow down the hawks, and that's when new cycle will be seen in the markets. Ideally, this will be later this year or in 2023. That's when stocks could find a base and cryptos bounce away from the support as volatily may increase.
Lines dont Lie. Or do they? Hope they do. If these lines break up, we will hit 24-44 if they break down im expecting a steep drop to 6 and a quick rebound to 10 and start cycle over again.
BTCUSDTThis is my analysis of btc, and I hope you will take it into account. I wish you much success.
