BUT there is a lot of noise out there on #cryptotwitter.
Thats why i regularly collate the best indicators & charts out there to give you my take.
Enjoy it? retweet + tag a friend 🧵👇
Thanks 🙏
1/ GOLDEN/DEATH CROSS
Anything less than 1HR on the #bitcoin chart is just noise.
So lets zoom out:
-1HR chart: finally formed a golden cross on the 1HR
-4HR chart: we formed a death cross on 19th Nov but momentum looks like it might be finally swinging positive
Bullish
2/ DAILY & WEEKLY CHART
-1 WEEK: chart looks like we held the 50 DAY SMA, with a green candle close 🚀
-1 DAY: chart looks like we formed another falling wedge. Huge potential for us to bounce up again 🚀
Very bullish!
3/ FIB x LOG CHART
I am even more bullish when also factoring in @TechDev_52 great analysis below
4/ RSI/MOMENTUM
The Relative Strength (RSI) measures how much #bitcoin is overbought/oversold.
Momentum shows price over time & how strong that movement is.
Great chart from @Parabolic_Matt showing similar bullish patterns forming.
Showing how we have reached the same level of support we did prior to previous price run ups.
6/ BUY & SELL ORDERS
There is a thick wave of buy orders set from around 48k to low 40k. This mean is there is a lot of support if we do wick a little a lower. There are also relatively fewer sell orders above us.
FYI i have buy orders going down to 43k just in case
Bullish
7/ SHORTS
Short positions on both #bitcoin & #altcoins have almost fully dissipated.
Bullish.
8/ SMART MONEY
Data from #Coinbase indicates that institutional buyers still outpace retail in 2021. So while retail volume is down, smart money has still been buying.
We continue to see more #bitcoin coming off exchanges. With limited supply, it will take a relatively smaller number of buyers to push up prices higher, more quickly.
Simply less supple, requires less demand to increase price.
Bullish.
9/ CONCLUSION
-Hourly, daily & weekly charts looking bullish.
-All On Chain data looking bullish.
-Institutions are buying + there is increasingly less supply....this eventually will move price up.
-IF prices do rise, retail will likely FOMO back in & drive us even higher.
10/ THANKYOU
Takes me a long time to gather all this & write.
So please consider supporting this effort by:
-Retweeting & tagging a friend
-Following the account and clicking the notifications bell (so you never miss a thread!)
For some reason link did post to tweet, but orginal post from @TechDev_52 here:
Many will be down bad in #crypto
Maybe you followed a terrible pick from an #Influencer & it dumped.
If you want to win in #crypto & you need to beat them.
You need to use the tools they do & find the best #HiddenGems first.
Here is a list of 15 essential tools you need 🧵👇
1/ MESSARI
Always try to spot the next big macro trend or 'narrative' in #crypto. Just because #play2earn or #DEFI was hot in the past, doesn't mean it will be in the future.
We live in a world where we expect everything immediately. We can buy whatever we want, with one click. We can order a taxi, instantly. And stream endless content, whenever we want.
1/ PRODUCT-MARKET FIT pt2
In this increasingly impatient world, $NFLX had a great product-market fit.
-epic amounts of great content.
-content that dropped all at once, no need to wait, just binge it all straightaway.
-no distractions, 100% ad-free.
-very cheap monthly fee.
Investing in #crypto isn't easy.
Most make big mistakes.
And many lose a lot of money.
I have spent countless hours reading & improving.
And learning from my mistakes.
Here is a simple thread with the 7 key things I have learned & you need to know 🧵👇 #cryptocurrency
1/ RESEARCH (i)
Despite being told to do you’re own research #DYOR most new investors don't! They APE in & let greed/emotions take over.
You NEED to do you’re own research & form you’re own hypothesis.
BTW watching an influencer Youtube video doesn't count.
1/ RESEARCH (ii)
Some of the most important things you need to research on a project are:
-Tokeconomics (market cap, unlocks & allocation)
-Brand story (a project many can get behind)
-Brand experience (is it easy to use + build upon)
-Does it play to a #crypto narrative