Things may be looking up on #Bitcoin#btc
Here is a thread where my head is at.
Do your own research etc.
๐งต๐
1/ I was nervous about the #evergrande news the other day, but i think its super bullish that there wasn't a sell off. Perhaps it was already factored in. Nobody really knows, they're lying if they say do.
2/ I was nervous about a potential near term upwick in #bitcoins going onto exchanges but this has quickly trended down again. Looks like Whales where messing with us potentially. This is a bullish sign.
3/ There are thick wave of buy orders from around the 47/48k mark. Again might be psychological mind games from the whales, but this is bullish for me.
4/ The 1HR chart looks like it might be turning bullish, with a reversal to a golden cross. However as @intocryptoverse would say there is a "ways to go" and the 4HR is looking bearish still falling from a death cross. I would keep a close eye on the 4HR
5/ Finally indicators might be suggesting away from alt season to BTC season. But lets see...
6/ This thread was inspired by the godfathers of #Bitcoin analysis
Also please comment what you think, or RT if you like it.
๐ช
7/ Forgot this news from @BTC_Archive is super interesting too. Whether your a @FoxNews fan or not, this broadcast could help broaden the market to more people.
My biggest gains this year where by getting in early on $matic #Polygon , $gala #GalaGames and $SOL #Solana
But overtime i alway try to put profits into #btc#Bitcoin
Here are some of the best tools i use to analyse Bitcoin price action. ๐งต๐
RT/Share if you found it useful
1/ CBBI INDEX
The CBBI index is awesome, it compiles some of the best leading indicators out there into one metric. Its almost always spot on too. If the score is over 85 sell, below 20 buy.
The best single indicators for me which is the Mayers multiple. It has been scarily accurate too overtime. It compares the current price against the 200 day moving average
Starting out in #crypto is hard.
But here is a list of useful tools i use ๐งต๐
Pls comment/let me know what u think
1/ As i said before focusing on Tokeconmics is more important than price action. Especially important is comparing Market Caps. @MarketCapOf is simple and great tool that can help with that.
Heres my take on #bitcoin right now.
I was feeling a bit bearish early today, but this calmed me down (a bit).
Hope it helps - a smaller ๐งต
1/ As everyone knows the recent flash crash was down to the market being over leveraged, with many longs getting liquidated.
2/ The good news is that that there are less bitcoin on exchanges than ever before. Typically when this happens price goes up, with less volume, as supply is so low
My biggest gains this year weren't #Bitcoin or #Ethereum They where via great projects like $SOL $GALA $MATIC & getting in before everyone else.
It's hard when you start out in crypto.
But heres a thread to help you find the next hidden gem.
This time on"Research".
1/ The inconvenient truth is if you want massive gains, you need to get ahead of everyone else. You need to find projects before everyone else & esp before influencers pump them.
2/ One great place to start looking for up & coming projects is the CoinMarketcap calendar. See the link below. coinmarketcap.com/ico-calendar/
I've been lucky to get in on projects very early & made huge profits on $SOL, $GALA & $MATIC
I know it's hard when you start out in crypto.
But heres a simple MEGA THREAD , to get you started & hopefully find that next hidden gem. ๐งต
Pls RT if you find it useful.
1/ DO NOT focus on current price alone. Just because something is pennies like $SHIBA, $XRP or $SAFEMOON, does not mean its a bargain or good value.
2/ YOU SHOULD focus on "Tokeconomics". This includes:
-Total circulating supply
-Total market cap AND fully diluted market cap
-Who owns the tokens
-How inflationary/deflationary is it