#Bitcoin Analyst. Algo Trader.
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Jun 8, 2021 โข 10 tweets โข 4 min read
1/ IS A BIG BITCOIN PUMP COMING?
This thread is not meant to be hopium but I want to point to some real credible data to make my case.
I will keep this thread short but filled with info to save both yours and my time.
Lets start the ๐งต
$BTC #Bitcoin#BTC#Analytics2/ If you have followed me for long time, you would know I use Futures market signals like Open Interest, Funding rate & Premiums to analyze the market sentiment & the probable direction we're going to go next. Here, we will use funding & OI for our analysis.
Before we begin our analysis, lets understand what's happening currently.
After hitting 42K, BTC has entered a HTF triangle with a 30% drawdown. This was the first major dip of this bullrun. Right now we've broken out $BTC #Bitcoin2/ of this triangle & price is steadily rising. So whats next?
In order to understand this, we'll compare the 2021 bullrun with 2017 & 2013
1st metric for comparison is : UTXO count. UTXO counts are one of the major determiners of HODLing behavior of investors. If UTXO counts
Jul 31, 2020 โข 13 tweets โข 8 min read
$BTC IS BULLISH BUT WHERE IS THE TOP?
1/ In my previous thread in June, I talked about how we are close to a blast-off. We got that blast-off last weekend. BTC reclaimed 10K, & now is trending towards 11.5K. Now what next?
#BTC#Bitcoin#Crypto#SP500#Analytics#2020Bullrun2/ If u look closely at this below fractal from Jan to June' 2016, you can see the similarities with Mar- July'2020. This fractal led into 2016 Halving. There was a 133 day long price recovery & consolidation before the Blast-off to 800$. We're close to where $BTC was in June'16
Jun 28, 2020 โข 7 tweets โข 5 min read
1/ WHERE IS THE NEXT BITCOIN TOP!!? ๐ฅ
This thread will compare current price action with previous cycle & try to estimate the current price top.
We will use fractal from 2016. This fractal is also validated with on-chain data (in next thread)
#BTC#Bitcoin#2020BullRun#TA2/ Bitcoin Halving is the most significant event that determines long term price movement. One cycle runs from halving to halving. Current cycle is 2016 halving to 2020 halving (2020 Halving still not priced in). Previous cycle was 2012 -2016 halving.
1/ HOW TO DETERMINE IF $BTC IS IN ACCUMULATION OR DISTRIBUTION?๐ฐ
We will analyse #BTC phase using simple metrics- Price, funding rate & Spread.
As mentioned in previous threads, market alternates from accumulation to distribution. Accumulation is simply a phase where #Bitcoin2/ demand is sustainable. Asset is usually undervalued & buyers determine price. Buyer domination.
Once accumulation ends, organic demand disappears. Asset becomes overvalued with quick price rise. Sellers determine price. Seller domination.
