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$VRA looks very decent here after breaking the daily downtrend
Currently on a big support and far away from the highs
Additionally it has a strong community and deflationary tokenomics with regular burning
Volume is up BIG as well
@VerasityTech
Megathread 2𧡠(1/4)
MOVING AVERAGES
What they are, how they are calculated and how they can be used.
What are moving averages (MA)?
Moving averages are trend-following indicators based on past prices ->especially useful for identifying trend changes.
Illustrated in this
Everything you need to know for Crypto and the macro situation with Iran and Israel with possible risks :
-Open interest for Bitcoin has dropped significantly. Billions of USD have been wiped from the market.
-Funding rates turned negative for a while and are now back to <10 %
@outpxce
To everyone asking: He is basically saying that people are shorting this move up, which creates squeeze possibility. This is shown by the declining funding. You can read this thread if you want to know how
@heartereum
Iβm German and situation is quite difficult because you have a lot of extremes on both sides.
Biggest problem are the disproportionately large crime rates for (illegal-)immigrants and thatβs why a lot of people vote for the Right-Wing party eventhough they might not agree with
Educational Thread 3 π§΅
Delta, Volume Delta, Cumulative Delta and CVD and how they are used for market analysis
$BTC $ETH
#Crypto
#Trading
#Bitcoin
(1/4)
$VELO is breaking out of a long downtrend here
At 66M Market Cap this definitely has room to run
Structure looks promising, team is active and the coin is trending
@veloprotocol
@terencecrawford
I agree with you but I think the duration between fights is just too long compared to Inuoe. Makes it difficult to make a case for you right now
@terencecrawford
After your next fight you will be back at
#1
instantly
$BASE is turning into a big additional stream of revenue for Coinbase.
With an annualized revenue already at ~265 m $
Volume is just ramping up on the base chain, it is highly likely that the this figure will heavily increase.
Great chart by
@tokenterminal
$COIN $BTC $ETH
$COIN currently breaking resistance
More importantly than $COIN/USD - $COIN / $BTC is also breaking to the upside since the $ETH ETF approval
Check out the reasons for this in the quoted tweet
@CoinbaseDuck
@ZachLight16
gotta feel good
Everyone looking for the best ETH Beta seems to be missing the most obvious one $COIN
- ETH is the main driver for Coinbase blockchain reward revenues. Average ETH price over last quarter was ~$2.9K and still generated $151M
-
#Ethereum
is one of the biggest transaction fee
Bitcoin and Ethereum price targets until 2030
Looking at the equivalent assets and CAGR at these market caps makes it seem much more feasible
Bitcoin has an average CAGR of 155 % over the past 5 years and Gold has a CAGR of 7 % over the same period
Fair to assume that a CAGR
If we get a $BTC break above ATHs from current levels, I expect one final breakdown of ALT/BTC valuations
This would copy last cycles behavior and might represent a good chance to build Altcoins positions
Bitcoin General/Technical Update:
1. Price setting up for a bullish divergence ->confirmation on 4H close
2. Funding still at neutral levels
3. Still trading at a spot premium --> Real demand is building positions in the dip. This decreases the risk of a further
$HNT by
@helium
is one of the top-performers of this highly volatile week
Breaking out against resistance and testing it now
Might be interesting play if you are bullish on the Solana ecosystem
However generally still expecting Bitcoin to outperform Alts for a little longer
Everyone looking for the best ETH Beta seems to be missing the most obvious one $COIN
- ETH is the main driver for Coinbase blockchain reward revenues. Average ETH price over last quarter was ~$2.9K and still generated $151M
-
#Ethereum
is one of the biggest transaction fee
Fetch AI / ASI with a nice 10 % bounce off the lows
However-> daily downtrend is still far from broken
We need to see a much bigger move to print the first higher-low eventually
Too risky so far
$FET
The stock market has behaved differently in years, where the incumbent (current) president ran for office for a second term vs years with an open field
For simplicity we will look at the S&P 500 index only. Additionally the rule that presidents can serve no longer than two
With todays gain of +7%, open interest has increased over $1B across exchanges with over $250M on Binance alone
Meanwhile funding rate has flipped strongly negative, which indicates a majority in short positions being opened.
If I had to guess -> move will at least be sustained
4 reasons why the next few days could be explosive:
-A vast majority of bitcoins gains have happened when the stock market was closed, since the ETFs were launched
-price structure remains extremely bullish with continuing higher lows.
Consolidating in an uptrend is more often
Inverse H&S pattern on the daily timeframe for $BTC currently has a target of $71K.
Will need further confirmation to break the neckline.
#Crypto
#Bitcoin
Everything you need to know about funding rates in Crypto.
How to read and interpret them and how is the "Funding Heatmap" created
Essentially, funding rates are used by exchanges to force spot prices and perpetual contract prices to converge. The important difference in
Most important points you need to know about the halving for Bitcoin:
The reward miners get for mining a block (excluding transaction fees). Started at 50 BTC and halves every 210,000 blocks.
With this halving the block reward will fall to 3.125 BTC.
As of March 2024, about
@MarioNawfal
@mscchung
Good thing is that this is such a huge historic event that mislabeling things and writing ambiguous headlines will not cover anything up this time.
Everyone will know it was an assassination attempt and everyone will see either the photos or videos
@MarioNawfal
This is one of the craziest videos I have ever scene and will surely go down in US History
Trump pumping his fists on stage after a bullet misses his head by centimeters (hits his ear)
GM
Bitcoin Funding and Open Interest are steadily decreasing, while price is consolidating
Looking to hold these levels to eventually break resistance above for $BTC
Actually incredible mental gymnastics by
#Solana
enthusiasts to somehow spin the narrative and say the $ETH ETF approval is more bullish for Solana than for
#Ethereum
.
The number of Tokenholders and marketcap of
@ethena_labs
are steadily increasing.
Their market cap has increased by 40.6 % this week!
Great trend for a very promising project.
Chart by
@tokenterminal
$BTC has broken the resistance at $66K
...on NEGATIVE Funding
Next/last big challenge for Bitcoin before ATHs comes at $71K-$72K
If we manage to break the aforementioned 71-72 levels, short liquidations are likely to propel us to new ATHs imo
$BTC price structure still looks in tact.
Weekly time frame still looks like bullish continuation.
It might be a good idea to wait for the weekly close to see if current levels can be held. If not, deeper correction in the cards.
Leverage has been mostly wiped out with the
GM π
Short Update:
-Funding turned negative
-Price recovery to around $63K, still in range since end of Feb
-Spot premium
-no macro news in the next few days
$Btc
#Bitcoin
#Crypto
GM π
Funding rates are still neutral compared to a couple months ago
Good sign in general but we will see how heated it gets once we break $70K
$BTC $ETH $SOL
#BTC
#BITCOIN
Bitcoin showing a textbook Wyckoff-Accumulation structure here
Paired with all the other bullish factors mentioned over the past couple months, I am expecting a breakout in Q4
$BTC
Current long/short distribution on exchanges
Funding rate also slightly positive.
Would like to see a slow grind up in price from here with increase in short positions and negative funding.
Happy sunday
$BTC
#BITCOIN
#Crypto
Bitcoin has broken out of its 1 1/2 month downtrend
$BTC is now back on its way to the top of the range. We will wait for further confirmation on the weekly close
Most important points you need to know about the halving for Bitcoin:
The reward miners get for mining a block (excluding transaction fees). Started at 50 BTC and halves every 210,000 blocks.
With this halving the block reward will fall to 3.125 BTC.
As of March 2024, about
Leo Messi sharing a Solana memecoin on Instagram to half a billion followers was not on my 2024 bingo
Weird how this came to be with a random <$100M project considering the cost of advertising here
GM π
$BTC price structure possibly breaking out here,will take a bigger move to confirm, esp. on weekend volume
Funding rate also coming down slightly
Break $70K and we visit ATH levels shortly
#Bitcoin
#Crypto
GM π
#ETH
now moving against $4K resistance on the back of ETF announcement, while the rest of the market is relatively flat
Also US holiday today so lower volume is expected
We previously talked about $SOL/ $ETH possibly being rejected - looks like this is the case
2 Billion USD in shorts are wating to be liquidated at the $72K level for $BTC
Do you think there is a possibility the market does not punish these shorts eventually ? No, there is not
#BTC
#Bitcoin
#Crypto
@DeItaone
To the salty people in the comments. The test launch result was even better than expected so stop acting like itβs a failure if you have no idea what you are talking about
Only 4 % of investors aged 44+ see a growth opportunity in crypto
Meanwhile 28 % of investors between 21 - 43 see crypto as an opportunity for growth
With $84 Trillion expected to pass from Baby Boomers/Seniors to Gen X/Millenials by 2045 it is fair to assume a fair share of
When will ETH/BTC bottom?
ETH/BTC has now been in a downtrend for 1.5 years.
Structurally $ETH / $BTC looks very similar to last cycle
There are many reasons to call for potential bottoms but the importance of interest rates cannot be denied.
Last cycle ETHBTC only bottomed
@TheDeFinvestor
One thing to consider is that the discount has nearly been zero for weeks so people have had more chances to sell
With the Grayscale BTC ETFs, Spread was much higher before the Spot ETFs went live
Maybe selling pressure is partially alleviated by that
The stock market has behaved differently in years, where the incumbent (current) president ran for office for a second term vs years with an open field
For simplicity we will look at the S&P 500 index only. Additionally the rule that presidents can serve no longer than two
Where is this cycles top?
One of the indicators that has been useful in the past to identify bull market peeks is the MVRV Z-SCORE.
1. Black line (Market value): The current price of Bitcoin multiplied by the number of coins in circulation. This is like market cap in
Bitcoin now up about 16 % off the lows
Additionally, open interest is now rising while Funding is turning negative again
Spot driven recovery
Have not done this yet this summer but I will now say that I personally the macro bottom is in at $48K for $BTC
NFA
GM π
As we predicted yesterday -> late longs flushed out
Now: Funding Down, OI Up, Price Down
-> Shorts opening up
We ideally see more shorts opening before getting a spot-driven move to break $70K
$BTC
#BTC
#Crypto
#Bitcoin
GMπ
Bitcoin price level has almost recovered to the high of yesterdayβs pump while funding has gone down and open interest from the initial move got wiped
As mentioned before thatβs why you should not panic into certain moves if there is a spike in funding and OI
$BTC
People are heavily shorting this move up.
Spot premium also still present.
Should spot bid stay consistent β> strong move upwards possible
For more info on how to understand funding rates, check my pinned tweet.
$BTC
#Bitcoin
#Crypto
Educational Thread 3 π§΅
Delta, Volume Delta, Cumulative Delta and CVD and how they are used for market analysis
$BTC $ETH
#Crypto
#Trading
#Bitcoin
(1/4)
What you need to know about the coming Hong Kong ETFs:
The recent approval of spot Bitcoin ETFs in Hong Kong is generating, but there are several reasons to temper expectations regarding their immediate success:
1. The Hong Kong ETF market is relatively small at only $50
$BTC currently testing the bottom of the range.
Price is in the liquidity zone.
Heavy spot selling on coinbase all day β>strong negative ETF flows likely.
We will see if this area holds. With a bad FOMC we will definitely visit lower.
However OI with a lot of shorts is