TOP GAINER ANALYSIS: $CREAM
The price surged vigorously from the horizontal support and broke through the descending trendline. Notably, all the Exponential Moving Averages (EMAs) are now serving as support.
This bullish momentum is anticipated to persist, as it continues to gather strength and displays a robust outlook.
The price surged vigorously from the horizontal support and broke through the descending trendline. Notably, all the Exponential Moving Averages (EMAs) are now serving as support.
This bullish momentum is anticipated to persist, as it continues to gather strength and displays a robust outlook.
The stark contrast between #Bitcoin and #Ethereum whales.
ETH Whales: 1k ETH or greater, all in a massive downtrend. In the space of a year, we've seen 12M ETH offloaded, since 2020, its 20M ETH.
#BTC Whales: 1K BTC or greater, all in an aggregate uptrend to flat. Offloaded some profits from 2021 or scared of FTX collapse. But resumed accumulation this year.
Significant sell pressure is coming and persistent for #Ethereum
ETH Whales: 1k ETH or greater, all in a massive downtrend. In the space of a year, we've seen 12M ETH offloaded, since 2020, its 20M ETH.
#BTC Whales: 1K BTC or greater, all in an aggregate uptrend to flat. Offloaded some profits from 2021 or scared of FTX collapse. But resumed accumulation this year.
Significant sell pressure is coming and persistent for #Ethereum
💻 Analyzing the $BTC situation
Over the weekend, market volumes were extremely low, allowing sellers to attempt a retest of the nearest support level at $27,300. However, this attempt was unsuccessful, and Bitcoin continued to trade within the interest range over the weekend.
The support at $27,300 has proven to be quite robust. Additionally, on the 1D chart, we can observe an ascending triangle, with its lower boundary also preventing any downward price movement
In the current conditions, the bullish scenario remains the most likely. As before, in the next week or two, I expect $BTC to establish itself above $28,000, followed by a move toward $30,000.
📈 Breaking through this level will confirm the long-term uptrend.
Over the weekend, market volumes were extremely low, allowing sellers to attempt a retest of the nearest support level at $27,300. However, this attempt was unsuccessful, and Bitcoin continued to trade within the interest range over the weekend.
The support at $27,300 has proven to be quite robust. Additionally, on the 1D chart, we can observe an ascending triangle, with its lower boundary also preventing any downward price movement
In the current conditions, the bullish scenario remains the most likely. As before, in the next week or two, I expect $BTC to establish itself above $28,000, followed by a move toward $30,000.
📈 Breaking through this level will confirm the long-term uptrend.
🤨 A decrease in $BTC dominance - what does it mean?
Bitcoin dominance is one of the key metrics I closely monitor. When this indicator is rising, it signifies money flowing from altcoins into $BTC, and vice versa. It's a highly reliable market oscillator.
After reaching a two-year high around 52.1%, $BTC dominance has started to correct and is currently in a downtrend. During this correction towards the 48.5 - 50% range, altcoins are likely to experience powerful pumps, as was the case at the end of last year.
I'm confident that in the next 2-3 months, altcoins will deliver significant growth and substantial profits. That's why I plan to acquire more coins using my $BTC.
🍴 I'm preparing more trade opportunities, and I'll share them with you shortly. Stay tuned!
Bitcoin dominance is one of the key metrics I closely monitor. When this indicator is rising, it signifies money flowing from altcoins into $BTC, and vice versa. It's a highly reliable market oscillator.
After reaching a two-year high around 52.1%, $BTC dominance has started to correct and is currently in a downtrend. During this correction towards the 48.5 - 50% range, altcoins are likely to experience powerful pumps, as was the case at the end of last year.
I'm confident that in the next 2-3 months, altcoins will deliver significant growth and substantial profits. That's why I plan to acquire more coins using my $BTC.
🍴 I'm preparing more trade opportunities, and I'll share them with you shortly. Stay tuned!
👣 What's next for the crypto market?
Last night, $BTC dipped below $27,000 and even tested $26,500. Meanwhile, the top altcoin market hasn't reacted significantly, holding above their support levels (for Ethereum, it's $1,550).
At the same time, low-cap altcoins are showing double-digit gains. $CREAM (+20%), $LOOM (+14%), $BNX (+11%). This indicates strong buying volumes in this market.
It's evident that during $BTC decline, we shouldn't expect strong pumps. Yet, when Bitcoin enters a consolidation and accumulation phase, it will be an excellent time to kickstart altseason.
There's a possibility that the most effective tokens of this cycle haven't been released yet. This is why it's crucial to keep undistributed reserves and prepare for future opportunities.
💻 I'm continuously monitoring the market, and as soon as we get confirmation of a local growth phase, I'll provide an update.
Last night, $BTC dipped below $27,000 and even tested $26,500. Meanwhile, the top altcoin market hasn't reacted significantly, holding above their support levels (for Ethereum, it's $1,550).
At the same time, low-cap altcoins are showing double-digit gains. $CREAM (+20%), $LOOM (+14%), $BNX (+11%). This indicates strong buying volumes in this market.
It's evident that during $BTC decline, we shouldn't expect strong pumps. Yet, when Bitcoin enters a consolidation and accumulation phase, it will be an excellent time to kickstart altseason.
There's a possibility that the most effective tokens of this cycle haven't been released yet. This is why it's crucial to keep undistributed reserves and prepare for future opportunities.
💻 I'm continuously monitoring the market, and as soon as we get confirmation of a local growth phase, I'll provide an update.
Meet Ambrosus (#AMB) 🤝
Many may not believe it, but back in 2017 this token was worth 32$ 😅
At the same time on large centralized (CEX) it appeared only recently. On Binance, for example, only in March.
However, let's not indulge in reminiscence and consider the immediate prospects of this coin.
I believe that the price will not go too deep under the volume profile, because there is ATL nearby, and the market maker does not need an extra wave of panic - seals, because he started buying at current prices.
It seems to me that the range of 0.00619 - 0.00687$ is the minimum boundary, from which it will be possible to catch a perfect reversal movement.
I put a couple of limits there for 1% of the deposit (I don't recommend taking more) 💼
Many may not believe it, but back in 2017 this token was worth 32$ 😅
At the same time on large centralized (CEX) it appeared only recently. On Binance, for example, only in March.
However, let's not indulge in reminiscence and consider the immediate prospects of this coin.
I believe that the price will not go too deep under the volume profile, because there is ATL nearby, and the market maker does not need an extra wave of panic - seals, because he started buying at current prices.
It seems to me that the range of 0.00619 - 0.00687$ is the minimum boundary, from which it will be possible to catch a perfect reversal movement.
I put a couple of limits there for 1% of the deposit (I don't recommend taking more) 💼
Expanding Triangle Pattern
An expanding triangle pattern is a technical chart pattern often seen in financial markets. It's a type of triangle formation that occurs when both the upper and lower trendlines of the triangle are slanting away from each other. In other words, the price range between the highs and lows of the pattern expands over time.
This pattern indicates a period of increased volatility and indecision in the market. Traders and analysts interpret the expanding triangle as a potential sign of uncertainty, as the price is making higher highs and lower lows within a widening range. This suggests that both buyers and sellers are becoming more aggressive but are still not able to establish a clear trend direction.
Expanding triangles can be found in both bullish and bearish contexts, and they are often considered continuation patterns, meaning that they are likely to continue the prevailing trend before the pattern formed. However, since the pattern signals increased volatility and uncertainty, traders often approach it with caution and may wait for a clear breakout above or below the trendlines to confirm the direction of the next move.
In summary, an expanding triangle pattern is characterized by its widening price range between ascending and descending trendlines, indicating growing volatility and uncertainty in the market.👇👇👇👇👇
An expanding triangle pattern is a technical chart pattern often seen in financial markets. It's a type of triangle formation that occurs when both the upper and lower trendlines of the triangle are slanting away from each other. In other words, the price range between the highs and lows of the pattern expands over time.
This pattern indicates a period of increased volatility and indecision in the market. Traders and analysts interpret the expanding triangle as a potential sign of uncertainty, as the price is making higher highs and lower lows within a widening range. This suggests that both buyers and sellers are becoming more aggressive but are still not able to establish a clear trend direction.
Expanding triangles can be found in both bullish and bearish contexts, and they are often considered continuation patterns, meaning that they are likely to continue the prevailing trend before the pattern formed. However, since the pattern signals increased volatility and uncertainty, traders often approach it with caution and may wait for a clear breakout above or below the trendlines to confirm the direction of the next move.
In summary, an expanding triangle pattern is characterized by its widening price range between ascending and descending trendlines, indicating growing volatility and uncertainty in the market.👇👇👇👇👇
❤1
🪙 #BTC/USDT
BTC is currently holding its position above the Ichimoku cloud and the support of the MA 100. However, it's important to note that market volume is unusually low. RSI indicates a hidden bullish divergence.
To confirm a potential reversal, a strong close of a bullish volume candle is needed. Without this confirmation, there's a reasonable chance the market will continue its downward trajectory.
BTC is currently holding its position above the Ichimoku cloud and the support of the MA 100. However, it's important to note that market volume is unusually low. RSI indicates a hidden bullish divergence.
To confirm a potential reversal, a strong close of a bullish volume candle is needed. Without this confirmation, there's a reasonable chance the market will continue its downward trajectory.
Market whale buys HFT 🐋
Market maker "GSR Markets" decided not to miss the moment of drawdown and purchased 2 hours ago $1.54 mln worth of HFT coins.
At the moment, this address holds HFT for $12.5 million, which is 12% of the total coin turnover, so this capital will be able to manipulate the price without much effort.
Be prepared to see a lot of volatility on it....
Market maker "GSR Markets" decided not to miss the moment of drawdown and purchased 2 hours ago $1.54 mln worth of HFT coins.
At the moment, this address holds HFT for $12.5 million, which is 12% of the total coin turnover, so this capital will be able to manipulate the price without much effort.
Be prepared to see a lot of volatility on it....
👍1
Warren Buffett inadvertently invested in Bitcoin (BTC) via Nubank🤷♂️
Warren Buffett, who, if you remember, said that Bitcoin was “probably rat poison squared,” made it to the crypto market after all!
In 2021, Buffett’s company, Berkshire Hathaway, invested $750 million in Brazilian bank Nubank, which also allows trading of BTC and other crypto.
Today, the value of the position has grown to $840 million, a figure that has eclipsed other large stakes in Buffett’s portfolio, including such titans as Amazon, Apple, Coca-Cola, Bank of America, and Kraft Heinz.
It’s ironic: Even though Warren hasn’t changed his attitude toward Bitcoin, he has still touched the crypto market, albeit indirectly.
If this continues, we’ll definitely see the world of traditional finance become tightly intertwined with crypto.
Warren Buffett, who, if you remember, said that Bitcoin was “probably rat poison squared,” made it to the crypto market after all!
In 2021, Buffett’s company, Berkshire Hathaway, invested $750 million in Brazilian bank Nubank, which also allows trading of BTC and other crypto.
Today, the value of the position has grown to $840 million, a figure that has eclipsed other large stakes in Buffett’s portfolio, including such titans as Amazon, Apple, Coca-Cola, Bank of America, and Kraft Heinz.
It’s ironic: Even though Warren hasn’t changed his attitude toward Bitcoin, he has still touched the crypto market, albeit indirectly.
If this continues, we’ll definitely see the world of traditional finance become tightly intertwined with crypto.
Bitcoin vs. gold: Part 1
You’ve probably heard people refer to Bitcoin as digital gold many times. We’ve decided to create a series of posts explaining why people make that comparison, what BTC has in common with gold, and, most importantly, what advantages it has over the precious metal.
Today, let’s discuss the basic characteristics of these two assets: liquidity and availability.
Gold:
Although gold is widely recognized and traded around the world, it is quite difficult to physically own gold. Bullion needs special storage conditions; it’s hard to transport; gold is easy to counterfeit; and, let’s be honest, you don’t want to keep pieces of the precious metal in your closet.
We’re used to buying gold on the stock market, but obviously, owning a stock and actually owning the metal are far from the same thing.
Bitcoin:
Bitcoin has a definite advantage here: It’s extremely easy to access (anyone with an internet connection can buy it), and it’s easy to store by simply creating a Bitcoin wallet. At the same time, if you store BTC in a wallet, you clearly understand that you own the original asset, not a security, which is just a “representation” of the asset.
Both gold and Bitcoin are liquid: You can buy or sell as much Bitcoin and gold as you want at any time.
Unlike gold, though, Bitcoin has yet to prove its high liquidity over the long haul. It’s only been around for a little over a decade, while gold has been valued by people since antiquity.
You’ve probably heard people refer to Bitcoin as digital gold many times. We’ve decided to create a series of posts explaining why people make that comparison, what BTC has in common with gold, and, most importantly, what advantages it has over the precious metal.
Today, let’s discuss the basic characteristics of these two assets: liquidity and availability.
Gold:
Although gold is widely recognized and traded around the world, it is quite difficult to physically own gold. Bullion needs special storage conditions; it’s hard to transport; gold is easy to counterfeit; and, let’s be honest, you don’t want to keep pieces of the precious metal in your closet.
We’re used to buying gold on the stock market, but obviously, owning a stock and actually owning the metal are far from the same thing.
Bitcoin:
Bitcoin has a definite advantage here: It’s extremely easy to access (anyone with an internet connection can buy it), and it’s easy to store by simply creating a Bitcoin wallet. At the same time, if you store BTC in a wallet, you clearly understand that you own the original asset, not a security, which is just a “representation” of the asset.
Both gold and Bitcoin are liquid: You can buy or sell as much Bitcoin and gold as you want at any time.
Unlike gold, though, Bitcoin has yet to prove its high liquidity over the long haul. It’s only been around for a little over a decade, while gold has been valued by people since antiquity.
Crypto Question: “What happens if mining becomes completely unprofitable and miners leave? Will Bitcoin collapse?”
We decided to test a new section on our channel, “Crypto Question.” Ask your questions (even those that seem silly) in the comments, and we will select the most interesting ones and answer them in Q&A format💪
So, about fleeing miners:
In simple language, the answer is “the fewer miners, the more miners!” Let’s imagine that after the next halving, mining will indeed become unprofitable, and miners will start leaving the market.
This will automatically lower the difficulty of Bitcoin mining => this means that mining will become more profitable for the remaining participants => this means that new miners will start joining the network.
Of course, there are other problems in this scenario. For example, the speed of transactions on the network will immediately decrease, and the network will become more vulnerable to attacks.
But in any case, there’s no need to worry because there are no indicators that we’re moving toward this kind of environment!
We decided to test a new section on our channel, “Crypto Question.” Ask your questions (even those that seem silly) in the comments, and we will select the most interesting ones and answer them in Q&A format💪
So, about fleeing miners:
In simple language, the answer is “the fewer miners, the more miners!” Let’s imagine that after the next halving, mining will indeed become unprofitable, and miners will start leaving the market.
This will automatically lower the difficulty of Bitcoin mining => this means that mining will become more profitable for the remaining participants => this means that new miners will start joining the network.
Of course, there are other problems in this scenario. For example, the speed of transactions on the network will immediately decrease, and the network will become more vulnerable to attacks.
But in any case, there’s no need to worry because there are no indicators that we’re moving toward this kind of environment!
🎲 Analyzing the prospects of $UNI
After an extended sideways period, $UNI dropped to the lows of this year, where a significant liquidity block is situated.
Within this range, larger volumes of the token are being bought, and sellers have failed to establish a foothold below it for the second time. The block is showing a strong response, pushing the price back above the $4.07 support level.
So far, the breakdown of the downside structure is not successful, and $UNI is returning to the accumulation zone between $4.50 and $4.07, where it has spent the past two months.
💁🏻♂️ I'm monitoring the upper boundary of this zone. A successful breakout and the closing of a daily candle above it will serve as a strong signal to open a short-term speculative position.
After an extended sideways period, $UNI dropped to the lows of this year, where a significant liquidity block is situated.
Within this range, larger volumes of the token are being bought, and sellers have failed to establish a foothold below it for the second time. The block is showing a strong response, pushing the price back above the $4.07 support level.
So far, the breakdown of the downside structure is not successful, and $UNI is returning to the accumulation zone between $4.50 and $4.07, where it has spent the past two months.
💁🏻♂️ I'm monitoring the upper boundary of this zone. A successful breakout and the closing of a daily candle above it will serve as a strong signal to open a short-term speculative position.
Forwarded from Crypto city
The BTC dominance, right now, may weaken, which should provide support to altcoins. Consequently, we may witness a breakthrough.
Today/tomorrow marks a transitional period for altcoins.
These are important days.
So far, we can observe locally breakthrough formations.
Now we should expect the realization of this.
In another scenario, if the market reverses, we may also see that.
Today/tomorrow marks a transitional period for altcoins.
These are important days.
So far, we can observe locally breakthrough formations.
Now we should expect the realization of this.
In another scenario, if the market reverses, we may also see that.
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#GALA +36.5% on the growth peak ✅✅✅✅
The coin followed the first positive scenario and broke through the moving ma200 on the daily timeframe without correction after the retest of the trend slope.
At this point I have triggered the first take profit on the sell, so I am pulling the stop on this trade to breakeven.
Waiting for the 2nd and 3rd targets if Bitcoin Domination continues the correction 👌
The coin followed the first positive scenario and broke through the moving ma200 on the daily timeframe without correction after the retest of the trend slope.
At this point I have triggered the first take profit on the sell, so I am pulling the stop on this trade to breakeven.
Waiting for the 2nd and 3rd targets if Bitcoin Domination continues the correction 👌
🪙 #BTCUSDT
After a brief period, BTC formed a small sideways movement, accumulating liquidity.
In the upper part, we're looking at levels of $37,950 and the range $38,700-38,550. For the lower clusters - the zone is $35,200-35,000 and $34,000.
Bitcoin dominance: 52.26%;
Fear and Greed Index: 73 (greed);
Altseason Index: 35;
Market capitalization: $1.38 trillion.
After a brief period, BTC formed a small sideways movement, accumulating liquidity.
In the upper part, we're looking at levels of $37,950 and the range $38,700-38,550. For the lower clusters - the zone is $35,200-35,000 and $34,000.
Bitcoin dominance: 52.26%;
Fear and Greed Index: 73 (greed);
Altseason Index: 35;
Market capitalization: $1.38 trillion.
BTCUSD, 30-minute timeframe chart
BTCUSD formed a bearish Hammer pattern
👉 Level explanation
BTCUSD has been trading in a bullish trend within the last day. The pair moved up to the resistance level of 70,700.00.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 70,620.00.
Set your Stop Loss at 71,560.00 above the previous high ($9.40 loss for 0.01 lot) and Take Profit at 69,680.00 ($9.40 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Stay Tune
BTCUSD formed a bearish Hammer pattern
👉 Level explanation
BTCUSD has been trading in a bullish trend within the last day. The pair moved up to the resistance level of 70,700.00.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 70,620.00.
Set your Stop Loss at 71,560.00 above the previous high ($9.40 loss for 0.01 lot) and Take Profit at 69,680.00 ($9.40 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Stay Tune
TODAY IS THE "GOOD FRIDAY" 📣
Most of the central banks were on their leave due to "Good Friday" including the xauusd!
US Shares: closed
EU Shares : closed
Metals : closed
Indices : closed
The currencies pair are running a bit but the gold markets are totally off running. There's nothing we can do with the markets now, so take this advantages to do some backtest or study about the market!
Stay Tune.
Most of the central banks were on their leave due to "Good Friday" including the xauusd!
US Shares: closed
EU Shares : closed
Metals : closed
Indices : closed
The currencies pair are running a bit but the gold markets are totally off running. There's nothing we can do with the markets now, so take this advantages to do some backtest or study about the market!
Stay Tune.
Most of the 2.0M BTC with a cost basis above $61.2k have changed hands recently, as owners sold them to lock in profits. SOPR metrics, which describe this behavior, have all reached relative highs, indicating a surge in profit-taking activity in spot markets, particularly with our Entity-Adjusted variant approaching levels seen during the 2021 bull market peak.
This suggests an increase in both the volume and extent of profit-taking activity in spot markets.
😄😄🤑🤑
This suggests an increase in both the volume and extent of profit-taking activity in spot markets.
😄😄🤑🤑