Strong growth of addresses with balance of >= 1 BTC compared to >= 0.1 BTC

The slow and steady grind of accumulation continues. There's only one eventual outcome 🚀

BTC 12h update

Notice how that red line is acting as a perfect resistance now. Watch this one as the week is coming to an end.

⚠️If we get rejected by the resistance, we’ll test that ‘Important Zone’ at ~8200 again. That level is incredibly critical and revisiting it would be bad for the bullish case.

BTC 12h update

Our red S/R Line was eventually broken and that breakout kicked off this mini rally.

​📈BTC is showing a really impressive move. What’s interesting is that we are currently on the 7th consecutive green 12h candle (however the candle is not closed yet). This happens not so often, more than 6 green 12h candles in a row used to be a rarity.

⚠️Prior three times when we had 6+ green 12h candles in a row we did not end very well (we pulled back severely). Just saying

📌Technically speaking, there’re two Gaps on CME Futures

​CME BTC Futures (BTCF20) are expiring in 4 hours

📌These are the Quarterly Futures and they were launched on Oct. 28 (right after that 43% crazy pump within two days) and right now the price is at almost the same level.

💡Expecting some volatility at least, but this expiration can trigger a massive move (right at the expiration time or on Monday), Open Interest is still extremely high - near $1 billion

🚀 BTC halving: less than 100 days to go!

​📈 Look at this surge in Google Searches for «Bitcoin halving»

Can you imagine how high the interest will be one month before it and the day of the halving?
Actually yes. Just take a look at what happened in 2016.

The question is Will it be higher than in 2016? Probably yes, because this time there are more people involved.

📌Note: during the 2016 pre-halving rally the price topped out 3 weeks before the halving

⚠️ Open Interest is at a new All-Time High

​BTC 8h

👉Look at the BitMEX Funding rate! It hasn’t been so high since late Oct. 2019. That’s definitely the reason for the bulls to be very cautious.

📌The price has been moving in an upward channel since the beginning of 2020. As of right now it looks like we got rejected by the mid line. Combining this with the unprecedentedly positive funding (and don’t forget about the rocket fuel ⛽️ that’s still waiting for its moment do add extra momentum to move up/down - $1B+ Open Interest) the picture does not look quite good for the bulls at all. We may visit the channel’s support (at least) if we do not break the mid line.

BTC Dominance Update

📌On Jan. 21 we predicted this Altcoin party you are seeing across the board simply by looking at the BTC dominance chart - it was ready to go down more and reach the EMA100 & the bottom line of the channel. And that’s exactly what happened!

BTC: There’s Definitely Something to Keep an Eye On. Important Update!

https://www.tradingview.com/chart/XBTUSD/GJOWoLW0-BTC-There-s-Definitely-Something-to-Keep-an-Eye-On/

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ADA: Wyckoff Accumulation Again?
Same pattern as on BTC before it's massive rally🚀

https://www.tradingview.com/chart/ADABTC/8lATg0Ka-ADA-Wyckoff-Accumulation-Again/

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​ETHUSD

📌Today we’ve got the Golden Cross between EMA50 & EMA200 on the daily

⚠️The price is on the verge of breaking the parabola, which would be reasonable to cool off and have a small correction.

Support Levels to watch and potentially pick up some ETH are $210 & $190

​BTC update

📌This ascending trendline on the daily RSI is something to watch. We bounced several times off of it and now it looks like we are taking off (but sooner or later it will break down)

💡If we close the daily at current prices - that would be really significant, because it will print ‘bullish engulfing’ pattern

BTC 8h update

The price is again struggling against the mid line of the channel. If we manage to break it, the CME Gap at ~11.7k will be at risk of getting filled. Watching this one as well

NEOBTC Update

The squeezing between EMA200 & EMA200 resulted into a breakout 📈
Now we are well above EMA200 on the daily which is bullish