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Maartunn

@JA_Maartun

Oct 22

@BitcoinFocusNL

[LONG READ] 1 of ∞
Miners are under heavy pressure ⚒

It is more difficult to mine new Bitcoin and on the other side, revenue is lower.

Which sign related to this are visible on the Bitcoin network?

This article was first published at @BitcoinFocusNL

In the last 10 months, the price of Bitcoin decreased with 70%. On the other side; hashrate, and thereby the difficulty, has grown. This means it's harder to mine new Bitcoin, and those Bitcoins will give less revenue.

In this thread, I'll focus on the hashrate, revenue for miners in BTC and dollar-terms, the total amount of fee and what these numbers mean at the current market situation.

Read 26 tweets

Maartunn

@JA_Maartun

Aug 8

Whale closed 300.000 Long positions on Bitfinex😱

Let's find out WHY this is important and WHAT it could mean for the market 👇

#Bitcoin #Ethereum #Crypto #Bitfinex #Futures

ETHUSDLONGS, a chart on tradingview which displays the total amount of open Long positions on Ethereum at Bitfinex. This metric has a major change in the recent data which is very important to be aware off.

The amount of ETHUSD Longs has been reduced with ± 300.000 (!!). That is a massive change on it's own, but it becomes more important when we take a look at historical data.

Read 6 tweets

Maartunn

@JA_Maartun

Feb 15

1 // #Bitcoin Top Signals 😬

It is weird to speak about top signals when price is trading at 40k. But I think it is important to be well prepared for the coming bullrun.

Let's summarize potential top signals. The more you'll see, the more top-ish. Let's go 👇

2 // Lets start with heavy positive netflow to exchanges. This means that Bitcoins getting deposit to Exchanges, likely to be sold 📉

Chart: cryptoquant.com/prochart/dcmlC…

3 // Spike on Coin Days Destroyed. This gives insight how many old coins are being spent. The 90D Moving Average is the sweet spot 🍬

Chart: cryptoquant.com/prochart/YnIYd…

Read 20 tweets

Maartunn

@JA_Maartun

Feb 13

1 // THE BULL CASE FOR $BTC

A lot of bullish charts are out there. Here are the most important ones 👇

2 // BTC Price is in a multi year uptrend

3 // BTC Netflows (30D MA) showing a re-accumulation period

Read 13 tweets

Maartunn

@JA_Maartun

Feb 13

1 // $BTC

BULLISH 🐮 or BEARISH 🐻?
Arguments can be made for both sides

In this thread all arguments which can be made for the BEARISH-case.

Read it down below 👇
and sure to follow to don't miss the BULLISH one

2 // Price is at weekly and monthly resistance (based on TA)

3 // Exchange Netflows almost crossing to positive (after a deep dip)

Read 14 tweets

Maartunn

@JA_Maartun

Jan 11

1 // There are serveral data sources where you could base a trade on. The few I use are:

1️⃣ Price Action
2️⃣ Orderbook
3⃣ Futures market
4️⃣ On-Chain
5️⃣ Sentiment

The perfect long setup is when all this sources point to the same direction.

2 // Let's go back to July 2021 and see how this works: Price Action

A very strong technical setup is a close below/close above. In this example price closed below the weekly support level at $32k and the week after closed above. This is bullish and gives a clear invalidation.

3 // Orderbook

In the orderbook is valuable information on how many orders are placed at a certain price level. Here is a screenshot and please mark how many orders are hovering around that 30k area. Clearly bullish.

Read 9 tweets

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