Trading Crypto Guide ™
#ETH UPDATE : #ETH made a successful break there after and but volume and market conditions are not favorable to altcoins. Price still consolidated in range, and looks like a retest is predicted bottom of the range around $3613.
Trading Crypto Guide ™
#BITCOIN DAILY TF UPDATE : #BITCOIN on Daily TF, haven't moved a lot but back and forth in the range. Price in HTF, still inside the range and but now lying on the trendline though. Well, we can see some strong moves with the market by next week due to #NFP…
#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, still on a consolidation but instead kept on hodling the supporting up trendline. Price nearly at the resistance area which also getting rejections. Not expecting much from here, only a breakout can lead some strong moves, we gonna see some the consolidation continues.
#BITCOIN on Daily TF, still on a consolidation but instead kept on hodling the supporting up trendline. Price nearly at the resistance area which also getting rejections. Not expecting much from here, only a breakout can lead some strong moves, we gonna see some the consolidation continues.
Trading Crypto Guide ™
#ALICE haven't gave the retracements and again made a push towards the major resistance area. Price broke though the resistance and now acting as support and potentially, we can see a bounce from here.
#ALICE dropped hard with the market and reached the flip level around $1.64 and kinda rejecting the support area. An another retest can be done here towards the 50% of the wick, that's a risk move take it accordingly.
The chart assesses market volatility by measuring the percentage range between the highest and lowest price points over the last 60 days. Currently, volatility is compressing to levels typically seen after prolonged periods of consolidation. Historically, such low volatility levels often precede significant market moves, indicating that a large price movement may be imminent.
Trading Crypto Guide ™
#BITCOIN WEEKLY TF UPDATE : #BITCOIN on Weekly TF, made a good and healthy closing above the support with closing near the 50% of the candle. Weekly candle hodling good sign of this but this week candle closing bearish as the form of retracement. A Possible…
Trading Crypto Guide ™
#DXY UPDATE : #DXY haven't move any this week as we can see the impact overall market was ranging too. Index made a double & deeper retest back in zone. Still, holding the trendline shows it might push up, but also the market structure is bearish, so its…
What is URPD (UTXO Realized Price Distribution) ?
#URPD stands for UTXO Realized Price Distribution, to analyze the distribution of Bitcoin's realized prices based on the age of the UTXOs (Unspent Transaction Outputs) or in other words #UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created (i.e. each bar shows the amount of existing bitcoins that last moved within that specified price bucket). The price specified on the x-axis refers to the lower bound of that bucket.
The UTXO Realized Price Distribution helps to understand the average cost basis of Bitcoin holders based on when they acquired their coins. It divides the UTXOs into different age groups, such as those acquired within the last 30 days, 90 days, 180 days, and so on, and calculates the average price at which those coins were last moved.
This metric provides insights into the behavior of long-term holders (HODLers) and short-term traders. It allows analysts to determine the levels at which different cohorts of Bitcoin holders may be willing to sell their coins, as well as the potential price levels at which they acquired their holdings.
By analyzing the URPD, one can gain a deeper understanding of the distribution of Bitcoin's realized prices across various time frames and identify potential price points where significant buying or selling pressure may emerge.
#URPD stands for UTXO Realized Price Distribution, to analyze the distribution of Bitcoin's realized prices based on the age of the UTXOs (Unspent Transaction Outputs) or in other words #UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created (i.e. each bar shows the amount of existing bitcoins that last moved within that specified price bucket). The price specified on the x-axis refers to the lower bound of that bucket.
The UTXO Realized Price Distribution helps to understand the average cost basis of Bitcoin holders based on when they acquired their coins. It divides the UTXOs into different age groups, such as those acquired within the last 30 days, 90 days, 180 days, and so on, and calculates the average price at which those coins were last moved.
This metric provides insights into the behavior of long-term holders (HODLers) and short-term traders. It allows analysts to determine the levels at which different cohorts of Bitcoin holders may be willing to sell their coins, as well as the potential price levels at which they acquired their holdings.
By analyzing the URPD, one can gain a deeper understanding of the distribution of Bitcoin's realized prices across various time frames and identify potential price points where significant buying or selling pressure may emerge.
Using the URPD metric, we can gauge the density of coins around the current spot price to identify market sensitivity points. Notably, about 15.9% of the coin supply is just below the current price, indicating strong support. Conversely, only 1.1% of the supply is above the current price, suggesting that sustained demand could trigger significant price increases.
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Trading Crypto Guide ™
#BTC took a bounce from the support drawn (red box) and attempting to break the Major Resistance again. With that, today is strong fundamental news, and with that a strong movement is expected, so better tighten the stops in any futures trade opened.
Trading Crypto Guide ™
#US30 UPDATE : #US30 made a very deep pullback and towards the origin points of the move. Currently, index moving back and forth of the intermediate flip level, before moving up, a retest is expected, mentioned in the chart.
If we examine the rolling performance of the Bitcoin market across weekly 🟥, monthly 🟦 and quarterly 🟧 timeframes, we can see generally strong performance, recording values of +3.3%, +7.4%, and +25.6%, respectively.
To highlight periods of particularly strong price performance, we can count the number of trading days within a 90d window where performance across all three timeframes exceeds +20%. Only 5 days through the last quarter have reached this threshold so far.
In prior cycles, this count reached between 18 and 26-days, which suggests the current market may be somewhat more measured relative to historical bull markets.
To highlight periods of particularly strong price performance, we can count the number of trading days within a 90d window where performance across all three timeframes exceeds +20%. Only 5 days through the last quarter have reached this threshold so far.
In prior cycles, this count reached between 18 and 26-days, which suggests the current market may be somewhat more measured relative to historical bull markets.
Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC Weekly candle closed somewhere in between and of the medium bullish one and a rejection too. #Bitcoin on hourly TF, looks like holding the support/flip area over the zone and move correctively. We can experience a dip again due to this nature.
#BTC perfectly dip down as per prediction due to its corrective nature and now expected a retest of the flip level/ support nearby $67,500. Eye on the area, nothing to do in between.
Trading Crypto Guide ™
#GOLD UPDATE : #GOLD perfect played though the week and made a retest to the resistance and drop. Price moved from support for a another retest and dropped again. So, now we can see a sharp push lower and broke the support too. Expecting more sell with the…
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Ethereum under a similar framework and can see the dramatic impact of the ETF approvals. The news motivated almost instantaneous buy-side pressure, with all three timeframes printing their first >20% price movement since late 2021.
If we consider the sizeable impact and influence that spot ETFs have had on Bitcoin since the turn of the year, the ETH/BTC trading pair may be exhibiting early signs of a more promising road ahead.
If we consider the sizeable impact and influence that spot ETFs have had on Bitcoin since the turn of the year, the ETH/BTC trading pair may be exhibiting early signs of a more promising road ahead.