This indicator uses the 2Y MA. Green line is the 2Y MA, red is the same MA x5
2ya MA multiplier is rising and at ~48k rn. Price goes parabolic. I would personally love to get a decent correction, would give more space for growth long term imho.
1/29 #Bitcoin thread, updated version
We’ve doubled since the last time I updated this thread, so I thought it would be of some value to update it. Feeling insecure about price action? Too enthusiastic/scared? Maybe this helps a bit, go check it out!
TLDR at 27-29
Let’s go!🔥
This indicator uses the 2Y MA. Green line is the 2Y MA, red is the same MA x5
2ya MA multiplier is rising and at ~48k rn. Price goes parabolic. I would personally love to get a decent correction, would give more space for growth long term imho.
Paper p/l in $Btc. Use it to track investor sentiment.
Market is overheating, everybody is in paper profits, but as you can see “we” as a whole take too less profit. We can stay around greed for a whole year, but a correction at this point makes sense
#Bitcoin likes to bottom out near the 200W MA
Colors are attached to % increase of MA
Blue/purple = Buying opportunity
Orange/red = TP opportunity
The bigger the distraction, the more parabolic price goes, simply said
First green coming(?) Room for growth
To identify periods when $Btc is extremely under/overvalued.
Green= MV unusually far below RV, buying opp
Red=MV unusually high above RV, TP opp.
Now: heating up. Correction first to cool it off plz :)
Nice uptick in realized value.
It’s about value of #Bitcoins being mined and entering the ecosystem.
Green: Value of Bitcoins being issued is extremely low. Buy here
Red: The opposite. Sell here
Now: We are in bull mode and that’s great, but again would love correction to cool it off
Hated & Loved on #CT
Simply put: $Btc is scarce, limited supply. More demand, less flow (halvening): Number goes up.
100k is closer than you think :), but overextended short term, so: correction, sideways and next leg up towards 6 figures plz 😆🔥
#Bitcoins that haven’t moved for more than 1 year. If $Btc goes parabolic, 1Y+ decreases, because there is profit taking. Notice how 1Y+ Hodl went down whole 2017
Right now there is some decent profit taking going on. Makes sense, after a 10x from march, right?
Has historically “called” the top of a full bull market cycle high to within 3 days! It uses 2 not so common MA’s.
Usefull to indicate whether the market is very overheated.
A correction here makes perfect sense. Htf top not in, imho (and indicator😜)
Uses GR multiples of the 350 DMA to pick (intra)cycle highs of the price of $Btc
As #Btc becomes adopted over time, explosive growth on log scale is slowing
Shoot up hard, touched upper multiple. A correction before next leg up makes sense to me
When was it profitable to buy $Btc, relative to today’s price?
% profitable days holding #Btc: 99.8%
Supply = limited
Demand: grows
Price: moves up, over time.
Simple shizzle
Tik-Tokers & rappers who bought the (temporary) top in disbelief/panic.
Confidence high? Price low? R/R to invest is attractive: green zone.
We’ve just left the green zone, again feels like mid ’17 to me.
Buy green, sell red. Simple shit.
Wanna know more? https://t.co/0DwUYjjG41
% of price growth decreases, but bottoms and tops will be higher. Narrowing. No cycle top before $100K? Highly possible imho
About to flip the middle band? I’d say correction first, then flip. But market is so crazy we can blast on rn😅
Finally we got pleb attention. Look at the media. After we crossed ath, it is suddenly everywhere again. I think we’ll exceed previous high a lot this year. Notice the difference:
Above: Bitcoin
Below: Buy bitcoin
They know, but not everybody is convinced to buy
To view miner capitulation, signals times when buying is sensible
When network difficulty reduces rate of climb: weak miners leave, strong miners survive: less sell pressure.
Best time to buy is where the Ribbon compresses (I’m not saying buy here😅)
It compares transaction volume to the relevant valuation.
RTV Ratio uses Realised market cap. That is a Bitcoin value model representing average cost basis of the entire market, also discounting lost coins.
RVT high/increasing: Price overvalued
RVT low/decreasing: Price undervalued
RVT sideways: sustainable valuation, relative to transaction volume.
Now: increasing at a rapid pace. I think we’ll see it being volatile both ways the coming time.
A measurement to see if btc is under/overvalued, HTF, plotted against it’s 200 D ma.
The Bitcoin market as a whole becomes larger, thus less volatile, so the peaks on this indicator are becoming less high.
Now: Overvalued region, in for a correction imho.
Vwap combines power of volume with price action. Usefull to confirm a trend or to time entry/exit points. To determine the average price market participants payed fort heir coins. It’s also a kind of a trend flow. Circled what I think is same action prev cycle.
I think this one speaks for itself if you know something about inflation
It will keep on decreasing after each halving.
The fresh supply miners will recieve for mining a block get’s cut in half every ~4 years. We’ve recently witnessed a halving last may. Reward for miners cut in half means price has to be high enough for them to keep active . So are they? Yes, Read on…
Measuremet of the computing power of the Btc network.
The higher the hash rate, the more miners active, the more secure the network. Dips have been absorved fast. Bullish
At an ATH. I think you want to be buying dips/corrections folks!🔥🔥
Question yourself. Do you want to short an asset that looks like this or do you accumulate the dips?
Oh no! It’s overbought! Bitcoin stayed overbought on the M for a whole year previous cycles.
Betting against #Bitcoin is like the Harakiri ❌
MA= Moving Average
P/L= Profit/Loss
DCA= Dollar Cost Averaging
MC= Market Cap
TP= Take Profit
#CT= Crypto Twitter
Ath= All time high
HODL= Hold On for Dear Life
R/R= Risk/Reward Ratio
Imo= in my opinion
While making this thread, I used the following websites:
https://t.co/40l2x0rRVe
https://t.co/09N99V0ubV
https://t.co/cFhDklnXJu
https://t.co/caGD8AnDsD
A lot of models show overextension in the short term, tho are still extremely bullish for the coming year
Price and model wise it looks a lot like mid 2017 to me. Tho I hope we’re not there already…
More from Crypto
1/ Welcome to #DeFi Wednesday.
Let's talk about how interest-bearing cash on a blockchain is going to revolutionise boring corporate treasury management that concerns every company is is a larger business than all crypto trading in the world.
Enter the thread
👇👇👇
2/ Blockchain community is often seen as toxic maxis and redditors who shill other their weekly favourite shitcoin in the hope of getting Lambo.
Sometimes we also do things that progress humanity towards the better future and interest-bearing cash is one of those things.
3/ Less chad and more things that actually matter:
My incomplete theory of interest-bearing cash is also available also as a blog post:
https://t.co/uiG0fZiVyu
It is 15 pages. Pick your slow poison or die fast by continue reading here.
4/ First time in the history we have an ability to create interest-bearing cash-like instruments.
Interest-bearing cash ticks up dollar (euro) balance real-time in your wallet.
Here is a demonstration using @aaveaave aDAI, based on @makerdao DAI, and @TrustWalletApp
5/ Interest-bearing cash is not like your bank's saving account. Your money in a bank is not yours, but bank's. There are some flaws in the current banking system causing a headache for Chief Financial Officers (CFOs)
Let's talk about how interest-bearing cash on a blockchain is going to revolutionise boring corporate treasury management that concerns every company is is a larger business than all crypto trading in the world.
Enter the thread
👇👇👇
2/ Blockchain community is often seen as toxic maxis and redditors who shill other their weekly favourite shitcoin in the hope of getting Lambo.
Sometimes we also do things that progress humanity towards the better future and interest-bearing cash is one of those things.
3/ Less chad and more things that actually matter:
My incomplete theory of interest-bearing cash is also available also as a blog post:
https://t.co/uiG0fZiVyu
It is 15 pages. Pick your slow poison or die fast by continue reading here.
4/ First time in the history we have an ability to create interest-bearing cash-like instruments.
Interest-bearing cash ticks up dollar (euro) balance real-time in your wallet.
Here is a demonstration using @aaveaave aDAI, based on @makerdao DAI, and @TrustWalletApp
5/ Interest-bearing cash is not like your bank's saving account. Your money in a bank is not yours, but bank's. There are some flaws in the current banking system causing a headache for Chief Financial Officers (CFOs)
1/ ERC-20 token standard approve() has caused an unnecessary cost of $53.8M for #Ethereum and #DeFi users
This is bad. Continue reading why and how to avoid this in the future.
👇👇👇
2/ Before you go all rage on the flaws of my analysis, please read the whole Twitter thread for disclaimers and caveats.
3/ approve() is an unnecessary step of ERC-20 tokens when they interact with smart contracts.
You know this because when you do a Uniswap trade you need press two transaction buttons instead of one.
4/ Why there is approve() - you can read the history in this Twitter
5/ I queried all approve() transactions on Google BigQuery public dataset and calculated their ETH cost and then converted this to the USD with the current ETH price.
This is bad. Continue reading why and how to avoid this in the future.
👇👇👇
2/ Before you go all rage on the flaws of my analysis, please read the whole Twitter thread for disclaimers and caveats.
3/ approve() is an unnecessary step of ERC-20 tokens when they interact with smart contracts.
You know this because when you do a Uniswap trade you need press two transaction buttons instead of one.
4/ Why there is approve() - you can read the history in this Twitter
1/ I just spend my Saturday morning on a call with a crypto fund explaining to them how #Ethereum ERC-20 token approve() function works
— \U0001f42e Mikko Ohtamaa (@moo9000) August 29, 2020
I am too old for this shit. pic.twitter.com/7EYfOaRP5L
5/ I queried all approve() transactions on Google BigQuery public dataset and calculated their ETH cost and then converted this to the USD with the current ETH price.
