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...
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)
Hello traders. Lately I've been doing my technical analysis alone, due to lack of time to clearly write ideas. But this time I managed to share. I hope it helps. Any suggestion or idea, just say the word. Some things I say very briefly to save space. Here I will analyze some aspects that I think relevant. 1. Stochastic On the weekly chart, looking at the...
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
2022/3/25 The ETH market may outperform the BTC market in the short or medium term COINBASE:BTCUSD COINBASE:ETHUSD Changes of BTC Exchange Reserve: -13,156 BTC during 3/13~3/25 (12 days). Changes of ETH Exchange Reserve: -714,767 ETH during 3/13~3/25 (12 days). BTC Exchange Reserve: upload.cc ETH Exchange Reserve: upload.cc ETH Exchange...
Huge market volatility is looming... BTCÐ COINBASE:BTCUSD COINBASE:ETHUSD BTC& ETH price are in the ascending triangle, keep the eye on critical pressure: BTC is 45000 USD . ETH is 3200 USD (Orange highlighter). ETH 2.0 Staking condition: upload.cc Enjoy the show and embrace volatility, Good Luck! -------------------------------- Analyst of...
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...
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...
Huge market volatility could be looming... COINBASE:BTCUSD COINBASE:ETHUSD BITFINEX:BTCUSDSHORTS BITFINEX:BTCUSDLONGS Top 69 BTC whales only bought about 7000 BTC despite over 30,745 BTC leaving exchanges on 3/11. I also notice this big order (30745 BTC) splits into multiple smaller orders (98 BTC) subsequently, and "BTCUSDSHORTS" in Bitfinex exchange...
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...
We are in the Phase 4 (Refill short fuel) of bulls attacked and whales are luring trader to build short position COINBASE:ETHUSD COINBASE:BTCUSD Phase 4. KD80 -> KD 60-70 (Mild) or KD 40-50 (Aggressive): Market makers completed the first short-squeeze and most retail investors started to open the long position. Therefore, the price correction will happen...
The breakout of ETH market happened as we expected and the ETH price had risen rapidly more than 10% in the past few day. The order of strong bulls attack (ETH price may up to new high) including 5 Phase. Now we are in the phase 3 (KD 50 -> KD70-80, and KD>70 more than 3 days) that I mentioned in my previous articles. check the funding rates: upload.cc Phase 3...
Hi. Looking at some on-chain data on several blockchains, we have an unusual movement. Price Drawdown from ATH The percent drawdown of the asset's price from the previous all-time high. When the value is equal to zero, we have no drawdown. When it is less than zero we have a drawdown multiplied by 100 (percentage). When the indicator hits the top several...
Hi. Hope you all are well. Price analysis Considering the Arnaud Legoux averages, I can see the strength of the trend within the price chart itself. What we have? The average of 32 (green) has crossed below the average of 64 (blue), and there is now an expansion in width between these two averages. And the average of 128 (white) started to slant down. This...