🥴 Here is the chart with all Bitcoin purchases made by Microstrategy. As you can see, averaging a position is not the best Michael Saylor’s ability
Читать полностью…🚧 Comparing #GOLD and #BTC
The orange line represents the ending of the previous bullish cycle on Gold back in 2011.
As you can see, it perfectly correlates with the current Bitcoin chart, accuracy is about 90%.
It took 9 years for Gold to reach a new high in 2020 year, but crypto market is smaller (in terms of capitalization) and younger, therefore it perfectly suits with the upcoming Halving in 2024.
📉 Bitcoin hashrate on the 1D average chart. As you can see, there is a massive drop from 316M to 156M in a very short period of time (1-2W). This one of the most significant decrease in history, caused by extreme climat situation in USA.
At the moment we can see a recovery, but once again - this chart solidify PoS's leader status.
💥 #BTC 1Y vs #ETH 1Y
Here are two charts, the left one is Bitcoin 12M and the right one is Ethereum 12M.
Bitcoin looks quite bad since the price is about to engulf the previous yearly candle downwards for the first time in history.
Meanwhile, Ethereum looks good — the price touched the bottom of the 2021 year candle, but jumped from there.
📍 BTC DOMINANCE UPDATE
As you can see, at the moment Bitcoin Dominance doesn't look good for buying altcoins. The resistance of 41.6% was broken upwards and currently dominance is trying to break the descending resistance up.
Some targets (resistances) from where we may see a rejection are marked on the chart: 44% and 45.4%.
🦋 ETH UPDATE
For those of you who are still interested in trading these days, here is the trading setup we will try to take:
Started filling SHORT on Ethereum from $1220, set a ladder of bids up to $1275. Expect to see a breakout of the $1240 resistance, some deviation above it and then move downward.
The target for this trade is breakdown of the $1160 and a zone below it. Setup invalidates in case of $1300 breakout.
❄️ Christmas is coming up and the vast majority of traders don't want to open any new positions, we can even see a trend of closing trades. Basic end of the year.
As the result, the funding came to a neutral zone. Calm.
⚠️ One of the largest Bitcoin miners, Core Scientific, files for bankruptcy
https://www.coindesk.com/business/2022/12/21/core-scientific-one-of-the-largest-bitcoin-miners-files-for-bankruptcy-protection
🔙 4 years ago: Giga Watt miner files for bankruptcy, #BTC price $4500
https://www.coindesk.com/markets/2018/11/21/bitcoin-mining-firm-giga-watt-declares-bankruptcy-owing-millions/
🔙 8 years ago: Mining ASICs Technologies miner files for bankruptcy, #BTC price $290
https://www.coindesk.com/markets/2015/01/09/dutch-scrypt-mining-company-declared-bankrupt/
🦋 You can also try opening this SHORT position on #ETH. The entry zone is $1230 - $1260. This is the most logical setup we can find for now.
Читать полностью…❗️#EUR / #USD looks ready for SHORT!
Starting steadily opening a SHORT position here and will add more after the $1.05 level.
As you can see, there is a massive rising wedge that started breaking down. The downward movement will continue with high probability!
⛳️ Detailed chart from the previous publication. Here is the falling wedge.
According to this analysis we may expect visiting the bottom in January - February of 2023 and then move upwards to at least $25,000 which is 70%+ profit if we consider buying in the $14,500 zone.
👀 At the moment Solana #SOL looks like it has found it's historical ultimate support level at $9.1
Читать полностью…🧐 Interesting fact: whales have been actively getting rid of Ethereum in December 2022. In sum they withdrew an amount of coins with the total worth of $1B, namely 880 000 ETH.
Читать полностью…❗️Both #ETH and #BTC positions are valid, we’re holding SHORTs and ready to average them in case the price decides to move upwards.
Читать полностью…🪐 As you can see, Ethereum 12M chart looks very similar to Bitcoin's back in 2018. Overall Ethereum is a way better investing option than Bitcoin currently.
Читать полностью…🌻 Here is the chart of Bitcoin Volatility Index. As you can see, the value is located at the historical bottom which has proved itself a strong base where PA starts.
Previous times volatility was there:
- January 2017 before the rally from $1000 to $20000
- November 2018 before the breakdown $6000 - $3000
- March 2019 before the rally from $4000 - $14000
- July 2020 before the rally from $9000 - $69000
Expect a new market cycle to start from February - March 2023.
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🐝 BTC UPDATE
Hope you remember yesterday's SHORT setup on Ethereum. It is already in work, during the last 24 hours the price dumped from $1222 to $1219, great work (just joking).
Market is in flat due to Christmas, but we are preparing setups to trade it afterwards. Here is the BTC plan. Very similar to Ethereum. Set bids in the $16,800 - $17,250 range. Patiently waiting now.
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Total Profit: $11652 with x10 lev.
Accuracy: 96%
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👀 One month ago Hash Ribbons gave a signal about another Miners Capitulation.
More likely we will received another BUY SIGNAL in January - February 2023. Two buy signals from Hash Ribbons is a strong market reversal sign!
📊 Here is a comparison of the 2015 and 2022 bear cycles. If only BTC doesn't rise above the realized price ($22,000) in the next 3 months, this bear cycle will be the longest in history.
Читать полностью…💖 DAILY PROFITS FROM SCALPING
Today we published the LONG signal in the Premium Scalping Channel. We’ve opened LONG on BTC for the $16760. The price reached 6/7 targets in about 4 hours and we printed 170% profit from this one trade.
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Screenshots of our signal and position are below. 👇
🐝 BTC UPDATE
The initial plan remains the same, we are bearish and looking for a good SHORT position entry!
At the moment the price is trying to break through the $17,000 resistance, but even if it manage to make it, there is one more — descending resistance (red line). Expect the price to reverse downwards there.
The last level of resistance is $17,500 which corresponds with the broken support of the ascending channel.
This whole zone $17,000 - $17,500 is good for entering SHORT position.
🦋 ETH BRIEF UPDATE
As usual, the same goes for Ethereum. The support of $1220 was broken downwards. Expect the $1160 one to be broken soon as well, before we survive another flat season.