Sharp increase of $btc on exchanges gives us the capitulation
A slow increase of $btc on exchange give us the distribution (slow process)
A DECREASE of $btc on exchange is accumulation.
People are buyin.
21 EMA of the MPI (An MPI reading above 2 suggests miners are selling their BTC after mining, while a negative value shows they're avoiding selling as much as possible in favor of accumulation)
Except H1 2015, you want to follow what miners are doing
10EMA of Exchange whale ratio (Exchange Whale Ratio is the relative size of the top 10 inflows to total inflows by day of each exchange)
OK this one is a VERY good one too. Follow the whales.
multi tweets explanation:
15-1/x
$btc $btcusd #BTC
-When 10EMA> 0.48 (Green vertical lines), it's a BUY signal, meaning whale inflows compared to total inflows are small (whales dont want to sell)
15-2/x
$btc $btcusd #BTC
-When 10EMA<0.38 (Red vertical lines), it's a SELL signal, meaning whale inflows compared to total inflows are important(whales want to sell)
At 13k currently, it would suggest that the rally is close to the top
15-3/x
$btc $btcusd #BTC
The signal seems to be better if the slope of 10 EMA is very aggressive into the zone
15-4/x
What this also suggest, is that whales got tricked into buying the 6k floor in 2018
Hahaha, suckers
Overall, I like a lot @cryptoquant_com Onchain analysis tools and when their beta is finished, i'll subscribe to cq.live .
A 2 year Wyckoff accumulation breaking out with a Livermore accumulation cylinder, and now re - accumulating into an ascending triangle / pennant on top of the Livermore.
If you don't like this chart and expect a rally to at least 0.1, IDK what to tell you
large penetration of support line
sudden increase in volume
Candle that penetrates the zone of liquidity and that returns practically the totality of the move in 1or2 candles
Terminal shakeouts is used to define movements with much deeper penetration and with higher volume
2/X
If after the breakout of the lower part of the structure,price fails to stay below(we are currently here)and re-enters the range again,it denotes strong puchase entry and adds greater probability that the breakage is false and that the Spring /terminal shakeout is developping 3/x