BITCOIN POLL: At the end of this weekend, the price of #BTCUSD will cost:
Anonymous Poll
59%
Over $50,000
41%
Between $46K and $50K
6%
Between $42K and $46K
12%
Less than $42,000
📊 Here are some important Crypto Values that I always look at first to get an overall trend in the current crypto market. Let me know if you think I missed one to add to this list.
▫️Bitcoin & Ethereum
🔹#BTCUSD
🔹#ETHUSD
🔹#ETHBTC
▫️Dominance & Volatility
🔹#BTC.D
🔹#ETH.D
🔹#BVOL
🔹#BVOLUSD
▫️Market Cap
🔹#TOTAL
🔹#TOTAL2
🔹#CMC200
🔹#CMC200EX
▫️Futures ETF
🔹#BITO
🔹#GBTC
🔹#BTC1!
▫️Bitcoin & Ethereum
🔹#BTCUSD
🔹#ETHUSD
🔹#ETHBTC
▫️Dominance & Volatility
🔹#BTC.D
🔹#ETH.D
🔹#BVOL
🔹#BVOLUSD
▫️Market Cap
🔹#TOTAL
🔹#TOTAL2
🔹#CMC200
🔹#CMC200EX
▫️Futures ETF
🔹#BITO
🔹#GBTC
🔹#BTC1!
Power Crypto Club
See the poll below....
🏆 Congratulations to the 25% of "I'm red (Bearish)" voters who correctly assessed the trend reversal in the price structure.
👍 Well done also to those who saw that the chart represented the #BTCUSD pair, but that I had changed to "Inverse Scale". 😂 (Attached is the normal scale chart)
⛔️ It is therefore 57% of "I'm green (Bullish)" voters who thought that the drop of $BTC should continue, except that you were wrong, guys!
👍 Well done also to those who saw that the chart represented the #BTCUSD pair, but that I had changed to "Inverse Scale". 😂 (Attached is the normal scale chart)
⛔️ It is therefore 57% of "I'm green (Bullish)" voters who thought that the drop of $BTC should continue, except that you were wrong, guys!
✨Math of Gains & Losses
After a loss, it takes a greater gain to return to your original value. If you invested $10,000, and your account declined 20%. To fully recover from the 20% loss, you'd need to gain 25%. If you gained 20% back, you would be $400 short of your initial investment.
If your crypto has declined by 70% or more, your needed gains will be much larger to recover your loss as you can see below:
▫️#BTCUSD
🔹From its $69K ATH to last bottom at $20,800, it's -70% loss
🔹To fully recover, $BTC needs to generate +230% gains.
▫️#ETHUSD
🔹From its $4,890 ATH to last bottom at $1,180, it's -77% loss
🔹To fully recover, $ETH needs to generate +350% gains.
▫️#AXSUSD
🔹From its $165 ATH to last bottom at $12, it's -92% loss
🔹To fully recover, $AXS needs to generate +1,260% gains.
After a loss, it takes a greater gain to return to your original value. If you invested $10,000, and your account declined 20%. To fully recover from the 20% loss, you'd need to gain 25%. If you gained 20% back, you would be $400 short of your initial investment.
If your crypto has declined by 70% or more, your needed gains will be much larger to recover your loss as you can see below:
▫️#BTCUSD
🔹From its $69K ATH to last bottom at $20,800, it's -70% loss
🔹To fully recover, $BTC needs to generate +230% gains.
▫️#ETHUSD
🔹From its $4,890 ATH to last bottom at $1,180, it's -77% loss
🔹To fully recover, $ETH needs to generate +350% gains.
▫️#AXSUSD
🔹From its $165 ATH to last bottom at $12, it's -92% loss
🔹To fully recover, $AXS needs to generate +1,260% gains.
✨How Low Can We Go?
The current drawdown in #BTCUSD since its ATH in November is now circa -67%. Again, this is to be expected from such an asset class, and as shown below, historically, bear markets for $BTC have seen prices fall by -75% to -90%. History would tell us there may be more pain ahead. Even though crypto and equities have a high level of correlation to the underlying Crypto markets, as they are typically much more volatile, a 40% drawdown in $BTC is widely seen as a correction, and a drawdown of -70% is considered a bear market. In fact, $BTC has spent more than 80% of its history in a drawdown of -20% or more. While looking at historical drawdowns vs the current drawdown, we can see that all major historical bear market drawdowns bottomed around a -75% to -85% range. Whereas the current drawdown is around -67%, one can use this metric to track the bottom levels that could be in the -75% to -85% range. (Source: CryptoQuant)
The current drawdown in #BTCUSD since its ATH in November is now circa -67%. Again, this is to be expected from such an asset class, and as shown below, historically, bear markets for $BTC have seen prices fall by -75% to -90%. History would tell us there may be more pain ahead. Even though crypto and equities have a high level of correlation to the underlying Crypto markets, as they are typically much more volatile, a 40% drawdown in $BTC is widely seen as a correction, and a drawdown of -70% is considered a bear market. In fact, $BTC has spent more than 80% of its history in a drawdown of -20% or more. While looking at historical drawdowns vs the current drawdown, we can see that all major historical bear market drawdowns bottomed around a -75% to -85% range. Whereas the current drawdown is around -67%, one can use this metric to track the bottom levels that could be in the -75% to -85% range. (Source: CryptoQuant)
⚡️#Bitcoin Testing $20K Key Level
👉🏻 The price was rejected exactly on Fibonacci 61.8%, so now technically it should bounce off Fib 38.2% or lower on the $20,000 level.
👉🏻 The 2nd option could be a bounce between the 50% and 61.8% Fib retracement ratios, around $19,200-19,600 levels.
TA: #BTCUSD TF 4-h
👉🏻 The price was rejected exactly on Fibonacci 61.8%, so now technically it should bounce off Fib 38.2% or lower on the $20,000 level.
👉🏻 The 2nd option could be a bounce between the 50% and 61.8% Fib retracement ratios, around $19,200-19,600 levels.
TA: #BTCUSD TF 4-h
✨The Bollinger Bands Squeeze Strategy.
▫️When the bands squeeze together, you should be ready for a breakout. The bands are driven by volatility, and the squeeze is just a reflection of that.
👉🏻 If the price breakout above the top bands, it's the signal for opening long positions as the price is expected to continue to move up.
👉🏻 If the candle breakout below the bottom band, it's time to go short because the price will continue to go down.
📈 Bollinger Bands use 2 parameters, Period (the default values are 20 for period) and 2 Standard Deviations which means that, from a statistical perspective, 95% of all the price action happens in between the channels.
TA #BTCUSD TF. 1-hour
▫️When the bands squeeze together, you should be ready for a breakout. The bands are driven by volatility, and the squeeze is just a reflection of that.
👉🏻 If the price breakout above the top bands, it's the signal for opening long positions as the price is expected to continue to move up.
👉🏻 If the candle breakout below the bottom band, it's time to go short because the price will continue to go down.
📈 Bollinger Bands use 2 parameters, Period (the default values are 20 for period) and 2 Standard Deviations which means that, from a statistical perspective, 95% of all the price action happens in between the channels.
TA #BTCUSD TF. 1-hour
Power Crypto Club
🔅Here is the same Selection of Alts as above but on the date of my TAs was shared, based to their price structure ready to lift off their last bottom, as well as their strength, Dev's teams reliability and potential to join the next bull market. (All Alts…
⚡️Who said the market was correcting?
⚠️ Don't be confused between a correction wave (indicating a trend reversal) and the opposite which is a pullback (indicating a trend confirmation).
Best performance in my "Selection of Alts" during the last 24 hours.
👁🗨 #AAVEUSD: $56.60/$68 = +20%
👁🗨 #AVAXUSD: $12.08/$16.5 = +37% 🚀
👁🗨 #FTMUSD: $0.22/$0.27 = +23%
👁🗨 #ZILUSD: $0.017/0.028 = +65% 🚀🚀
👁🗨 #NEARUSD: $1.62/$1.86 = +15%
👁🗨 #ATOMUSD: $10.46/$12 = +15%
👁🗨 #LTCUSD: $76.38/$87.65 = +15%
👁🗨 #BTCUSD: 17,017/18,370 = +9%
👁🗨 #ETHUSD: 1,265/1,420 = +13%
⚠️ Don't be confused between a correction wave (indicating a trend reversal) and the opposite which is a pullback (indicating a trend confirmation).
Best performance in my "Selection of Alts" during the last 24 hours.
👁🗨 #AAVEUSD: $56.60/$68 = +20%
👁🗨 #AVAXUSD: $12.08/$16.5 = +37% 🚀
👁🗨 #FTMUSD: $0.22/$0.27 = +23%
👁🗨 #ZILUSD: $0.017/0.028 = +65% 🚀🚀
👁🗨 #NEARUSD: $1.62/$1.86 = +15%
👁🗨 #ATOMUSD: $10.46/$12 = +15%
👁🗨 #LTCUSD: $76.38/$87.65 = +15%
👁🗨 #BTCUSD: 17,017/18,370 = +9%
👁🗨 #ETHUSD: 1,265/1,420 = +13%
✅ All Targets Reached... and much more! 🚀🚀🚀
👉 I understand it was not easy to follow me from the beginning when I shared my signals, because many analysts saw in these breakouts a BULLTRAP... but as I always say "Keep your own trading strategy from start until the end, and without being influenced by others".
TIME TO TAKE SOME PROFITS, GUYS! 💰
🎯#BTCUSD ➡️ $21,300
🎯#LTCUSD ➡️ $91,64
🎯#ETHUSD ➡️ $1,620
🎯#ETCUSD ➡️ $23.90
🎯#SOLUSD ➡️ $22.60
🎯#ATOMUSD ➡️ $13
🎯#MATICUSD ➡️ $1
👁🗨 $BNB ➡️ $310
👁🗨 $AVAX ➡️ $17.40
👁🗨 $AAVE ➡️ $75
👁🗨 $DOT ➡️ $5.77
👁🗨 $NEAR ➡️ $2
👁🗨 $RUNE ➡️ $1.82
👁🗨 $CHZ ➡️ $0.38
👁🗨 $LINK ➡️ $6.9
👁🗨 $ENS ➡️ $14
👁🗨 $SAND ➡️ $0.7
👁🗨 $ADA ➡️ $0.36
👁🗨 $FTM ➡️ $0.31
👁🗨 $XRP ➡️ $0.40
👉 I understand it was not easy to follow me from the beginning when I shared my signals, because many analysts saw in these breakouts a BULLTRAP... but as I always say "Keep your own trading strategy from start until the end, and without being influenced by others".
TIME TO TAKE SOME PROFITS, GUYS! 💰
🎯#BTCUSD ➡️ $21,300
🎯#LTCUSD ➡️ $91,64
🎯#ETHUSD ➡️ $1,620
🎯#ETCUSD ➡️ $23.90
🎯#SOLUSD ➡️ $22.60
🎯#ATOMUSD ➡️ $13
🎯#MATICUSD ➡️ $1
👁🗨 $BNB ➡️ $310
👁🗨 $AVAX ➡️ $17.40
👁🗨 $AAVE ➡️ $75
👁🗨 $DOT ➡️ $5.77
👁🗨 $NEAR ➡️ $2
👁🗨 $RUNE ➡️ $1.82
👁🗨 $CHZ ➡️ $0.38
👁🗨 $LINK ➡️ $6.9
👁🗨 $ENS ➡️ $14
👁🗨 $SAND ➡️ $0.7
👁🗨 $ADA ➡️ $0.36
👁🗨 $FTM ➡️ $0.31
👁🗨 $XRP ➡️ $0.40