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$BTC IS BULLISH BUT WHERE IS THE TOP?
1/ In my previous thread in June, I talked about how we are close to a blast-off. We got that blast-off last weekend. BTC reclaimed 10K, & now is trending towards 11.5K. Now what next?
#BTC #Bitcoin #Crypto #SP500 #Analytics #2020Bullrun
1/ In my previous thread in June, I talked about how we are close to a blast-off. We got that blast-off last weekend. BTC reclaimed 10K, & now is trending towards 11.5K. Now what next?
#BTC #Bitcoin #Crypto #SP500 #Analytics #2020Bullrun
2/ If u look closely at this below fractal from Jan to June' 2016, you can see the similarities with Mar- July'2020. This fractal led into 2016 Halving. There was a 133 day long price recovery & consolidation before the Blast-off to 800$. We're close to where $BTC was in June'16 
1/ WHERE IS THE NEXT BITCOIN TOP!!? 🔥
This thread will compare current price action with previous cycle & try to estimate the current price top.
We will use fractal from 2016. This fractal is also validated with on-chain data (in next thread)
#BTC #Bitcoin #2020BullRun #TA
This thread will compare current price action with previous cycle & try to estimate the current price top.
We will use fractal from 2016. This fractal is also validated with on-chain data (in next thread)
#BTC #Bitcoin #2020BullRun #TA
2/ Bitcoin Halving is the most significant event that determines long term price movement. One cycle runs from halving to halving. Current cycle is 2016 halving to 2020 halving (2020 Halving still not priced in). Previous cycle was 2012 -2016 halving.
#BTC #Bitcoin $BTC
#BTC #Bitcoin $BTC
3/ Every $BTC cycle has a Blow-off top. Current cycle blow off top was in Dec 2017 (20K$). Previous #BTC cycle top was in 2013 (1K$).
As shown In below pic, we are in the Jan'16- May'16 part of the cycle. Price fell from ~50% (472$) of cycle top, entered an ascending channel,
As shown In below pic, we are in the Jan'16- May'16 part of the cycle. Price fell from ~50% (472$) of cycle top, entered an ascending channel,
1/ HOW TO DETERMINE IF $BTC IS IN ACCUMULATION OR DISTRIBUTION?💰
We will analyse #BTC phase using simple metrics- Price, funding rate & Spread.
As mentioned in previous threads, market alternates from accumulation to distribution. Accumulation is simply a phase where #Bitcoin
We will analyse #BTC phase using simple metrics- Price, funding rate & Spread.
As mentioned in previous threads, market alternates from accumulation to distribution. Accumulation is simply a phase where #Bitcoin
2/ demand is sustainable. Asset is usually undervalued & buyers determine price. Buyer domination.
Once accumulation ends, organic demand disappears. Asset becomes overvalued with quick price rise. Sellers determine price. Seller domination.
$BTC #BTC #2020BullRun #Bitcoin
Once accumulation ends, organic demand disappears. Asset becomes overvalued with quick price rise. Sellers determine price. Seller domination.
$BTC #BTC #2020BullRun #Bitcoin
3/ Huge returns can be made if one buys during accumulation & sells during distribution.
Now how to identify the phase?
As seen in below picture, during accumulation, funding rate turns largely negative or slightly positive. Spread (Futures price - Spot price) remains negative,
Now how to identify the phase?
As seen in below picture, during accumulation, funding rate turns largely negative or slightly positive. Spread (Futures price - Spot price) remains negative,
