The oscillators show smoothed moving average of active addresses and the RSI of it Active bitcoin addresses are decreasing. This indicates a decrease in investor participation in the market and the continuation of the downtrend. To start the uptrend, we need to increase investor participation in the market, which will be accompanied by an increase in active addresses
we can see Negative divergence in RSI and MFI oscillator in daily rime frame On the other hand, Estimated Leverage Ratio is at its All-time High. A high Value of "Estimated Leverage Ratio" indicates the possibility of high Volatility in the future
By Combining technical analysis, price action, and onchain analysis, it seems BTC is facing a strong downtrend Consider the following: After the 200-day moving average break-down, Bitcoin retested it, but failed to break it up and finally respected it. At the bottom of the short-term channel, a pin bar has formed, indicating a reduction in higher prices In the...
Based on the composite man indicator, sellers are still strong. If the breakdown is confirmed, the first bitcoin target will be 42700 (POC).
The chart shows the summary of Onchain data: Based on MPI and Miner Outflow, miners are still in the selling position Based on Exchange Whale Ratio, The top 10 inflows to the total inflows are in a high position. Exchange Reserve has increased slightly Funding Rate indicates that we are in the local high position BTC 1Y CDD increased and shows that some holders...
The Total Amount of coins transferred Onchain is rapidly increasing. This coincides with the relative decline in the price of bitcoin. It could be a sign of bulls and bears struggling to determine the direction of the market
In recent days, we are witnessing an increase in Open Interest (one of the Onchain indicators). Open Interest is defined as the number of open positions (including both long and short positions) currently on a derivative exchange's trading pairs. As Open Interest (OI) increases, it indicates more liquidity, volatility , and attention are coming into the derivative...
In recent days, we are witnessing an increase in Open Interest (one of the Onchain indicators). Open Interest is defined as the number of open positions (including both long and short positions) currently on a derivative exchange's trading pairs. As Open Interest (OI) increases, it indicates more liquidity, volatility, and attention are coming into the derivative...
As I predicted before, Bitcoin is shaping a local bottom (see links below) In the composite man indicator, the power of sellers is still high. But what is decisive is what will be the level of this local low? If Bitcoin breaks the $ 45,000 support/resistance level, the previous high level ($ 48160) was probably an UPTHRUST (trap), otherwise, we would face an...
Onchain Indicators show an increase in bitcoin sales by miners and short-term investors A summary of the onchain indicators is written on the chart. These indicators confirm what the technical indicators show. This sale will reduce the price of Bitcoin and create a local bottom. The value of this local baton will determine the next trend of BTC (see the idea below)
MPI: Miners' Position Index (MPI) is the ratio of total miner outflow (USD) to its one-year moving average of total miner outflow (USD): the value of this indicator is in its highest value Since March 2021 MPI= 4.22 Higher value shows that miners are sending more coins than usual which indicates possible selling. USDT reserve is climbing: in general, when the...
SOPR has entered the profit zone below the resistance level. This suggests that short-term traders may have made a profit and are likely to sell below the support level. This can lead to bitcoin being respected at the support level
the chart shows the NVM ratio. This oscillator works to compare the current value of the Bitcoin with its true value based on the Metcalfe Ratio Necessary explanations about this oscillator are given in the following link. In the analysis that has been observed in recent days in Trading View, some analysts consider the current situation as a range of accumulation...
In previous posts, buyer and seller power was discussed (links below). This led to the design of a composite male oscillator based on data on the chain. Now, based on what can see from the power of the buyer to the seller in this oscillator, the power of the sellers is increasing. This issue, if continued, can lead to the breakdown of the Range area. It is...
A massive volume of BTC left centralized exchanges tracked by Glassnode in March. According to the on-chain data provided, traders and investors removed approximately 211,000 BTC from trading platforms to their private wallets or exchanged the cryptocurrency for fiat.
Is the current price the market bottom of bitcoin? We examine the answer to this question based on 3 on-chain ratios. The NUPL value has been lower than 0.25 and 0 in the previous market bottoms. The NUPL is 0.37 now and is in a downtrend. Therefore bitcoin is likely to experience lower values before the start of the next uptrend. The MVRV ratio Says "No" to...
A look at the technical and on-chain analysis on bitcoin shows that the market has not yet decided for the future trend. In the Ranko diagram, we can see a wedge that is neither ascending nor descending In Ichimoku analysis, bitcoin has entered the Kumo cloud. This indicates that the market is making decisions and it is recommended not to trade. OnChain...
ONCHAIN analysis can be equated with fundamental analysis in the world of cryptocurrency. SOPR is an Abbreviation of The Spent Output Profit Ratio (SOPR). it is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold / price paid. In fact, this index shows whether investors are in profit or...