Today I started playing around with the @cryptoquant_com closed beta.

I got completely sucked into because I kept finding stuff that blows my mind.

Here are some my more interesting findings.
(spoiler: they're quite bullish too)

#bitcoin

1/start
First, a very accurate top indicator: the total inflow transaction count.
It usually increases rapidly during macro peaks.

However it's very, very low at the moment writing.

2/
Here we have a 50MA of the exchange whale ratio.

This indicator gives an idea of how many whales are present on exchanges (ready to sell).
A really high ratios seem to happen before major capitulations.

Right now the ratio is super low (good).

3/
This is the amount of bitcoin miners are sending to spot exchanges.

Currently it's at its lowest point since March 2017.

I guess they're not ready to sell much at the moment.

4/
Since miners aren't sending coins to exchanges, I assumed they would have pretty high reserves.

Strangely enough, their reserves are going down! Rapidly.

No idea where their coins are going, but it looks like they don't have much ammo to dump.

5/
This one's crazy.
Stablecoins' market caps have risen at an insane pace this year while exchange BTC reserves have gone down just as fast.

There is no other way to interpret this than to assume there is serious buying going on.

Shoutout to @Yodaskk for discovering this.

6/
So then I looked at the entire history of BTC reserves on all exchanges.

It only really went down on 3 different instances. I marked those periods on the chart.

We've never had such a significant drop as now though.
Massive demand?

7/
Evidently I started looking at the reserves of all spot exchanges to look for abnormalities.

Pretty much all reserves are gradually going down with the exception of Binance which is going up.

But it's Coinbase that's going through absolutely massive depletion!

8/
It's no surprise that the netflow (inflow - outflow) on Coinbase is dropping like a rock every time the reserves get depleted.

The last time such a massive drop occurred was during February 2018.

9/
Could it be that big companies are buying from Coinbase?

I mean, it's a regulated American exchange... But I always considered it a retail exchange.

10/

forbes.com/sites/michaeld…
Either way I can't shake the feeling that something big is happening.
There's very little doubt in my mind that really big players have entered the space, and they're accumulating.

I'm not paid to say this, but this data has been fascinating.

$BTC

11/fin
P.S.

Sorry for spelling mistakes, am tired.

Also I was already bullish, but now I became even more of a bulltard. SMH.

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More from @ByzGeneral

30 Sep
Liquidation levels thread.

Sometimes I post charts with Liquidation levels and I've gotten a lot of questions about it.

It's in my humble opinion one of the most useful tools I've ever used so let's dive into how it works.

1/start Image
Markets seek liquidity.
That's the premise we start with.

This is simply how the market works.

Let's say you want to sell but no one's buying. Then price will have to drop until there is someone willing to buy.

2/
But levels of high liquidity are often very crucial turning points

This is usually because of whales.
We all know it's mostly(!) whales that create the big moves.

3/
Read 18 tweets
27 Sep
Looks like the EAST is better at buying the dip than the WEST.

Asians recently BTFD again.

Take this with a grain of salt, I have no idea how relevant this is.

#bitcoin Image
I'm seriously starting to think that there is hidden alpha here.

Eastern exchanges buy bottoms.
Western exchanges buy tops.

So...
Asia premium = bullish
EU/USA premium = bearish

Image
Here is the input if you wanna check this for yourself:

(COINBASE:BTCUSD+GEMINI:BTCUSD+KRAKEN:XBTUSD+BITSTAMP:BTCUSD)/4-(BITHUMB:BTCKRW/1174.32+BITFLYER:BTCJPY/105.5+HUOBI:BTCUSDT+OKEX:BTCUSDT)/4 Image
Read 4 tweets
26 Sep
My bull case for #bitcoin thread.

This will be a summary of some of the more interesting reasons why I'm bullish mid to long term.

TLDR at tweet 25.



1/
I'm mainly a spot swing trader.
My swing trades are always based on only 2 simple factors:

1) is the market over-leveraged?
2) what is sentiment like?

Let's take a look.

2/
First of all there is funding.
One of the best indicators to gauge market sentiment.

After the drop from 12k it has been consistantly negative or baseline at best.

3/ Image
Read 31 tweets
25 Sep
A short thread about being in the right mindset for trading.

A question I've been getting a lot recently has prompted me to write this.

--> "Are you a perma bull?"

start/
I'm not.
But I do look for longs opportunities most of the time.

There are two reasons for this.

1) I think we're in a bull trend (until proven otherwise)
2) I feel better about number go up.

That second one is important...
Trading is not a physically active job.
You're only using your brain.

That's why your psyche is extremely important.
You need to be in a good mindset to trade.

When you're upset, tired, frustrated, sad, ... You'll perform worse.

This sounds like common sense, but...
Read 11 tweets
23 Sep
There are some people that really hate Image
Hmmm

I've been wrong about UNI before, but this kinda looks like it wants to pump 😳👉👈 Image
That went quick!

Image
Read 4 tweets
22 Sep
I'm going to show you 4 pieces of #Bitcoin data and then you tell whether is bullish or bearish.

1/4 Image
2/4 Image
3/4 Image
Read 4 tweets

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