15-year veteran, focusing on macro-trading BTC.
Sharing observations on Crypto & Marco's economy and providing statistics in the hope to aid your strategy.
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#Bitcoin
Trend Analytics | Mar.16th, 2022
⚠️ Market will be bumpy when it's close to breakout
Let's keep watching at $39876.76 $BTC & Fed's decision on interest rates
🧐See the detailed analysis here👇
2/3 Yesterday's net outflow of funds was about $230 million, and the support and resistance levels shifted down, with both support and resistance moving down to $28271 and $29539 respectively. Long-term consolidation continues. See updated tp 👇
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#BTCUSDT
Analysis June 9
Yesterday, there was a net outflow of funds, estimated at around $80 million. The long/short ratio remained around 2, with no significant overall changes in the intraday data. The center acts as resistance and the market tends to explore the lower
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#BTCUSDT
Analysis June 1 📈📉
Yesterday, BTC failed to break above $28,305 and experienced a pullback. The price was suppressed between $28,305 and $28,156, breaking the short-term balance based on previous intraday supports. It reached a low of $26,839.01 but found support
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#Bitcoin
Trend Analytics | Apr.14th, 2022
📐Price is trying to break out of the triangle between $42199.63~$39760.99, with a maximum diversion between $42409.07~$39475.43.
🎯Keep a close look at the triangle and the support at $38263.17.
#BTC
#daytrading
#Bitcoin
Trend Analytics | June 10th, 2022
$BTC Box: $32084.67~$28288.38
🎯 Center: $29850.35
The general movement is pro-shorts, while more spaces are opened for both sides in the box.
Monitor the seasonally-adjusted CPI to be released at 20:30 UTC+8.
FYI👇
#bitmidasdaily
Our chief analyst
@qiuyue_analyst
shares his opinion on how macroeconomics impact BTC and cryptos as a whole. Read the digest and hopefully, it'll help you get prepared for the extreme uncertainty. 🌪️
#Aptos
is definitely a promising asset. What's your idea on the performance of $APT / $USD?
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#Bitcoin
Trend Analytics | June 13th, 2022
$BTC Box broken down - mentioned last Friday.
CPI is higher than expected, which strengthened the expectation of adding interest rates.
The market will be running under pressure.
The next key support is $22309.06
FYI👇
#bitmidasdaily
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#Bitcoin
Trend Analytics | Mar.14th, 2022
Congestion range: $43912.8~$37017.70
Keep an eye on the center at $39615.5
Multiple testing against $37140~$37017.70
⚠️First target below adjusted to $35351.31~$35009
🧐See the intraday analysis here👇
Weekly Digest on the Macroeconomic Trend with Bitmidas.
CDS soared, with mounting concerns on US debt default. As the tightening cycle is approaching the end, the market becomes even more sensitive.
#Bitcoin
Dec 26, 2022
The day range is between $17056-$16308 today.
The downward pressure force BTC to go down prudently, testing and forming an initial part of the bottom.
See updated entry points. 👇
#Bitcoin
Trend Analytics | Oct 24, 2022
Intraday movement is ready to challenge higher targets.
The consolidating range now is between $20755.26-$19248.58.
Monitor $19985.96.
See Details👇
#bitmidasdaily
1/
#bitmidasrecap
Yesterday,
#Bitcoin
broke down the key support level of $27817 and dropped to a lowest of $27262. It weakly rebounded after testing the lower support at $27219. The rebound did not stand above $27817, which results in weakness.
#Bitcoin2023
May 8
2/ Due to the failed support at $29663, capital did not follow through, leading to a net outflow of around $360 million. Short-term resistance at $29846 continues to suppress the price, with support at $29014-$29183 becoming the range for consolidation.
Dust settle first, and this short-term bull run could see as high as 25k.
If dovish views continue, the next target is 31k. 📈
Hoping for more upside. 🤞
#Bitcoin
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#Bitcoin
Trend Analytics | Apr 28th, 2022
A breakout could happen anytime in 1-8 days.
🚨Range: upper at $42734.05, center at $40433.92, lower at $37460.23.
Keep looking at how the price goes against the center.
Very important msg, read the chart. 👇
#BTC
#bitmidasdaily
#Bitcoin2023
May 8
2/ Due to the failed support at $29663, capital did not follow through, leading to a net outflow of around $360 million. Short-term resistance at $29846 continues to suppress the price, with support at $29014-$29183 becoming the range for consolidation.
#Bitcoin2023
May 18
1/ Yesterday, BTC showed a weak intraday trend, dipping to $26544 but finding support near the intraday support level.
2/ The market stabilized after Biden's commitment to the US debt ceiling, easing risk-avert sentiment. BTC and US stocks reversed their
#Bitcoin2023
May 17
$27,000 lost its supportive function as a result of too many tests yesterday. Short-term weak consolidation. Today a narrow range is between $27,389 and $26671. Debt ceiling and interest rate hikes are still uncertain. Set protections.
$ETH Mar 9, 2023
Intraday range:
$1474/$1497/$1515 - $1566/$1592/$1620
Heavy resistance at $1666
Key support at an area between $1455 - $1423.
#CryptocurrencyMarket
#ETH
$ETH
#Bitcoin
Trend Analytics | June 13th, 2022
$BTC Box broken down - mentioned last Friday.
CPI is higher than expected, which strengthened the expectation of adding interest rates.
The market will be running under pressure.
The next key support is $22309.06
FYI👇
#bitmidasdaily
#Bitcoin
Mar 24, 2023
BTC maintained at $27,000, rebounded to $28,868 due to positive news from the US stock market, with Secretary Yellen reassuring banks and providing additional liquidity. The overall trend remains bullish with net inflows and support levels moving higher.
#Bitcoin
Feb 14 2023
The key support today diverts to $21361.59. BTC continues running in the box. The expected CPI annual rate is 6.2%. Scenarios are displayed in the chart.
Only by breaking out the box and taking hold of $22667 could it ends the correction.
Updated TP 👇
11/Currently, more and more market institutions believe that the Fed will take the lead in easing the balance sheet shrinkage around March and abandon the tightening stance at this interest rate meeting.
6/On the macro front, Fed officials, including Kashkari, have hinted at the possibility of further rate hikes, though 2024 rate cuts are still expected. ECB officials forecast 2-3 rate cuts in 2024. Keep an eye on macro data and central bank statements for further insights.
#Bitcoin
Trend Analytics | Oct 26, 2022
Battleground broke up. Capital inflow has pushed up target points, lifting the consolidation range.
Taking hold of the intraday support will bulls keep challenging resistances.
See Details👇
#bitmidasdaily
#Bitcoin2023
May 6
The market is still recovering and consolidating around the $29539-$29663 resistance. The core resistance is now between $32-35k. While the market is still waiting for the next CPI data, the overall trend is bullish as liquidity is expected to increase.
#Bitcoin
Jan 6, 2023
Unaffected by the ADP data, BTC performed quite well, testing the starting point of the weekly resistance at $16987. It keeps chopping between the daily target range before widening to $17486~$16226.
#bottomseeking
👇
#cryptomarket
#Bitcoin
Trend Analytics | Sep 9, 2022
Breaking up and holding above $19784.57-$19913.87 will BTC reclaim key support and avoid a second slide.
However, a downward risk is not released.
Keep monitoring the tapering process.
Details & TP👇
#bitmidasdaily
#Bitcoin
Dec 5, 2022
Data released last week supports the positive sentiment for non-US assets. BTC gradually moves upward, with the key resistance shifted to $17820.63. $17427.78 sees an easy breakout.
Generally, BTC is under a long-term downtrend.
TP & Details👇
#Bitcoin
Trend Analytics | Oct 27, 2022
Strong short-term bull run.
The consolidation range is formed between $20782.41-$20831.62.
Breakout the long-term support channel requires a test.
The market expected next interest rate hike: 75bp(87.3%),50bp(12.7%)
TP👇
#bitmidasdaily
5/According to sandbox deduction, there is a significant gap in fund flow that needs to be filled after the monthly data update, and if the height can be expanded, there is a high probability that this gap be filled at a high level in March and April.
#bitmidasmacro
☕️
Inflation keeps decline, and we're approaching the end of the Fed’s dot plot. The market is over optimistic, while new risks emerge on the real estate.
As liquidity's pushing up the risk assets, we need extra cautious in strategies.
#Bitcoin2023
Apr 11
1/ BTC broke up the resistance of $29732 and is trying to sustain the $29000 level, with a net inflow of around $1.3 billion (potentially including virtual funds) and a bullish market trend. Long-term investors remain optimistic.
#Bitcoin
Dec 2, 2022
BTC rejected from the formulated resistance at $17455.27. It’s trying to seek the bottom while testing resistances. Still heavy resistance above without liquidity increase.
Range today: $16615.81-$17455.27
High volatility upon unemployment
TP & Details👇
#Bitcoin
Jan 31, 2023
The weekly-framed diversion didn’t follow up, and BTC consequently fell back in correction above the weekly uptrend. There’s room for correction extending to $20906~$20777.
High volatility in FOMC week. Set protections.
TP Updated👇
#Bitcoin
Feb 21, 2023
The bullish trend continues on the day frame. Today the intraday support is $24636~$24483. The key resistance of $25331 weakens, another test could be a breakout.
#bottombuilding
👇See chart for details
#Bitcoin2023
May 17
$27,000 lost its supportive function as a result of too many tests yesterday. Short-term weak consolidation. Today a narrow range is between $27,389 and $26671. Debt ceiling and interest rate hikes are still uncertain. Set protections.
6/ Macro-wise, US labor market and inflation-related data are crucial for Fed's decision on initiating the first rate cut since 2024. Weekly initial jobless claims showed minimal change, failing to trigger cuts. Swiss National Bank initiates a rate cut, a start of a global trend.
#Bitcoin
Feb 17, 2023
The gap is filled by more capital inflow. The mid-to-long-term bullish trend continues. On the day frame, it’ll test and take every resistance step by step. 1-2 days are required to recover the loss of the bulls.
#bottombuilding
👇See chart for details
6/Macrowise, while the US February ISM non-manufacturing index cooled down, S&P Global Services PMI edged up, suggesting rising price pressures. Some institutions, like BNP Paribas, worry about the Fed's rate cut frequency. Rate cuts are expected in the latter half of 2024.
The Federal Reserve wants to temporarily provide a large amount of liquidity to offset the panic, and take this time window to continue tightening and avoid recession, but they are facing a delimma.
#bitmidasmacro
#Bitcoin
Mar 10, 2023
Silicon Valley Bank crashed and drag down the S&P500. BTC saw a capital outflow of over $5 billion. Day-frame bearish trend continues. $17034 is the bottom of this small bullish trend. More negative news in the air.
Updated TP 👇Long-term
#bottombuilding
With a pessimistic outlook of a possible recession, many markets began to seek the bottom. A lift on lockdown in China will improve the condition of the global supply chain.
#HOPE
#Bitcoin
Dec 9, 2022
The short-term resistance now is $17427. Breakout here will $BTC jump to as high as $18266.
Keep watching CPI stats and FMOC meeting next week.
All the short-term S/R are easily broken with large capital inflow. Set protections.
Updated TP & Details👇
#Bitcoin
Trend Analytics | July 4th, 2022
The consolidation range narrows down to:
✡️$22112.96~$18267.50(also the key support of the month), centering $20455.18.
The box today: $22599.73~$18625.55
FYI👇
#bitmidasdaily
#Bitcoin
Trend Analytics | Oct 28, 2022
The breakout needs to be tested. The center remains the axis of oscillation.
When intraday support is not broken, it’ll hold up on the center several times. Otherwise, it’ll break down to $19600.41.
See Details👇
#bitmidasdaily
👀
#Bitcoin
Trend Analytics | Apr 26th, 2022
A range before a breakout has formed: upper at $43357.55; center at $40949.95; lower at $38369.03.
Daily Traders: 🔼$40128, $40949; 🔽$38369.03
Read the chart. 👇
#BTC
#bitmidasdaily
#DYOR
#Bitcoin
Dec 13, 2022
The market expects a falling
#CPI
from 7.7% to 7.3%. Today BTC’s structurally ready for a breakout. BTC is recovering the correlation with US Stocks. When data is released, it’ll be highly volatile before pricing in the macro.
See updated TP & Details
#Bitcoin
Dec 30, 2022
A short-term support has formed at $16453, and a mild resistance at $16760. The former is quite near the breakeven point at $16203.
Breakout is hard to happen above 18k or below 15k. Macro matters still.
Updated entry points👇
#bottomseeking
#Bitcoin
Trend Analytics | June 28th, 2022
BTC fluctuates within the box in the downward channel and forms an unsteady triangle...
✡️The box range is depicted in the chart.
It follows the movement of long-short flips but weakens in strength today. See charts.
👇
#bitmidasdaily
1/ Yesterday, BTC saw narrow range fluctuations with relatively low volume, failing to break the key level of $27,817. The price is expected to oscillate between $28,087 and $27,182 in the short term, with $28,087 likely to put temporary pressure on the price.
#Bitcoin
Mar 6, 2023
Short pressure concentrates on $22821. Today the range is between $22821~$21930. The $21000~$20330 area gathers long positions. The sentiment is more or less cautious under a hawkish expectation.
Long-term
#bottombuilding
Updated TP 👇
#Bitcoin
Mar 13, 2023
The concern of a liquidity crisis of SVB triggered a short-term depeg of USDC and BTC plummeted to the 19625 support. Fed shore-up-confidence move boosted a bull run today. Taking hold of $22986 will enhance bulls.
Updated TP 👇Long-term
#bottombuilding
#Bitcoin
Nov 23, 2022
A key support at $15483 saw capital inflow yesterday, pausing the slide. If $BTC breakouts and holds the first resistance above, consolidation would resume.
$BTC is still in the downtrend on 3-7d frame.
See Details👇
#Bitcoin
Trend Analytics | May 9th, 2022
#BTC
is still gaining speed and moving quickly down the slope, forming a bearish impulse wave.
$32211.78 is the next target of the slide.
Reference to the points👇
#BTC
#bitmidasdaily
6/Overall, in the short term, uncertainty remains high, showing a continued direction toward consolidation. Long-term prospects involve challenging new structural highs, with the $57,000 region exceeding the upper boundary of the bullish channel (currently at $54,371).
#Bitcoin
Nov 24, 2022
$BTC hasn't taken hold of $16629 yet. It will likely keep chopping, given the confidence boosted by CZ.
Technically, there’s still heavy selling pressure above in a 3-7d frame downtrend. A large gap exists between MA5-MA20.
See Updated TP & Details👇
👀
#Bitcoin
Trend Analytics | Mar.18th, 2022
Dawn Before The Breakout! Center at 40106.56!
Keep a close look at the movement between 41879.55~40106.56 within 3 days from now.
🧐See today's full analysis here👇
👀
#Bitcoin
Trend Analytics | Mar.31st, 2022
CCI and RSI hit the support and bounce back from yesterday, possibly leading to a test on the half-year resistance.
⛳️Keep watching:
Half-year resistance $48645.1
Support of the indicators
👇
#DYOR
🎯
#intradaytrading
#Bitcoin
Mar 23, 2023
1/4
The US Federal Reserve raised interest rates by 25 bp. BTC went up and came down by the end of the trading hour of Mar 22 and hit the support of $26617 formulated yesterday, the lowest came to $26601 before rebounding. $BTC
#FOMC
Considering the importance of $ETH in cryptos, we'll add ETH analysis once per week as part of our analysis portfolio based on the algorithmic statistics. More tokens are in consideration.
Drop tokens you'd like to see in the comment below.👇
#ETH
Trend Analytics | Aug 3, 2022
📢
#BTCUSDT
Analysis Aug 22
Yesterday, BTC struggled below the $26562 resistance, displaying a generally weak rebound in a bearish pattern. The highest point reached was only $262568.42, with a feeble rebound. The lowest point was $25812, but it didn't break below the support at
#Bitcoin
Jan 11, 2023
Short-term upward testing continues. The intraday resistance diverts to the $17630~$17735 area. The weekly trend could be reversed if the $18099~$18561 area is flipped into support based on our updated data.
#bottomseeking
👇
#Cryptos
#Bullish
#Bitcoin
Mar 14, 2023
BTC's price continues to rise as the US banking sector faces system risk, leading to a market reversal. Breakout on $22986 led a rally towards $24207.
See updated TP 👇Long-term
#bottombuilding
🧵1/2
7/
On the macro level, despite the Binance settlement, no imminent collapse is anticipated. Short-term ETF and rate cut expectations may not be affected.
📢
#BTCUSDT
Analysis July 3
Last Friday's PCE data was below expectations, causing BTC to initially retreat after testing resistance for 2 weeks. However, it rebounded and successfully broke out above the $30,000 level, forming strong support. Short-term trading remains within a
4/From the time structure deduced from the sandbox, whether it can break through and stabilize the structural height and transform it into support is a key factor in whether the height for this month can continue to expand.
#Bitcoin
Nov 25, 2022
The macro expectation is getting positive. $BTC went back into chops between $16927.97-$16273.49 today.
$18500 is heavy resistance. If confidence is restored, a breakout range could again forge between two hardcore points 15000-18500.
See Updated TP 👇
5/ Today's price action signals fluctuation within a limited range, with short-term direction yet to stabilize. ETF net outflow in early trading adds pressure. Market remains bullish long-term, with quarterly data pending update, suggesting a gap in sandbox simulations.
#Bitcoin
Dec 16, 2022
The short-term key support diverts to $17203-$16858. The hawkish remark has wiped out the benefit from CPI stats. Before a real relief on the macro, BTC would likely to keep chopping between the technical points.
Updated TP & Details 👇
‼️Announcement
To lower reading barriers, we're going to simplify charts on the daily analysis and add more interesting topics around crypto, macro, or businesses. Some of the TPs will be released in our community, which is going to be built soon.
Stay tuned with us
@BitMidas
#Bitcoin
Trend Analytics | Oct 25, 2022
Yesterday BTC held intraday support, which creates conditions to challenge the battleground.
The consolidating range now is between $20769.83-$18826.36, center at $19032.92.
Monitor $19985.96.
See Details👇
#bitmidasdaily
📢
#BTCUSDT
Analysis July 31
Throughout the weekend, BTC traded narrowly between the short-term resistance at $29,614 and the minor support at $29,000. It's still within this range ($29,614 resistance has weakened, intraday resistance has moved up), and recently entered
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#Bitcoin
Trend Analytics | Apr.2nd, 2022
🔥Half-year resistance ($48645.1) will be a stronghold for both sides.
CCI and RSI30 are recovering from the support;
RSI, KDJ, CCI will move within the channel (see chart)
See price points👇
#DYOR
#intradaytrading