The Crypto Giants

2022-02-25 21:31:48 Here’s how market reacts with events related to war/invasion and the reason why we are seeing a more bullish forecast


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2022-02-25 11:54:07 Bitcoin aggressively squeezed to 40k

Huge spot volume at the bottom - 34k held
Spot sellers ran to derivative market to hedge short at the bottom, open interest rose dramatically
They just became forced buyers into illiquid books

SOURCE HERE


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2022-02-23 18:56:17 Feb23 #Bitcoin:
As mentioned from yesterday’s chart, BTC gave a very good bounce from the support and jumped close to $39000. We suggested to open LONG trades and produced very good results as Bitcoin’s price went up by nearly $2500. On the chart, $39000-$39500 now works as a resistance area and $36200 as a support.

Crypto and Global markets bounced in the last 24 hours after Biden had a conference last night. We also did not hear any further negative news regarding the issue between Russia vs Ukraine which resulted in a small bounce.

We have to closely watch the Russia vs Ukraine situation which can influence the market in either direction.

FED interest rate hikes will be another topic which creates speculation in the market for the coming days.

Bitcoin Option Expiry on Feb 25 which the max pain point is $40000 as per Deribit Data.

If you followed our call yesterday, let us know! Glad to be sharing our analysis with all of you! Open / Comment

2022-02-22 08:37:36 Feb 22: #Bitcoin
All markets are in heavy correction due to the tension between Russia and Ukraine. Bitcoin was not able to cross $40k; checking next support at $36180. Possible long trade close to support with SL $36000.

If $36k breaks, next support will be $33k.


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2022-02-20 18:10:53 Purpose Bitcoin ETF Flows

Canadian Purpose Bitcoin spot ETF just saw one of its biggest inflows ever on Friday.

Adding almost 1.2k $BTC in one day and now totaling 32.26k Bitcoin on its AUM.

This rise may be related to the unrest on its banking services in which the government and banks can freeze an individual's account without due process.

SOURCE HERE


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2022-02-17 19:50:51 Bitcoin Super Cycle Dynamic
We may find similarities of Bitcoin cycle from 2019-2020 to our current market cycle. This led to the conclusion that we may be seeing the start of a new cycle this year.

SOURCE HERE


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2022-02-16 17:30:12 Feb 16: Bitcoin weekly chart is showing a very similar bullish pattern to July 2021.

Bitcoin broke out of a falling wedge pattern at $38000 and showed trend reversal.
$BTC is also showing bullish RSI divergence on a higher time frame which indicates that it can pump in the coming weeks and months.
MACD is showing a similar pattern to July 2021 which indicates low selling pressure. A bullish crossover may happen the in the coming week and we might see a continued uptrend towards $52k.
Stoch RSI is also bullish.

Conclusion:
The weekly chart is telling some positive signals which we can use for the next 4 months.
$46000 is the first resistance Bitcoin needs to break so that the price will push to the $50k-52k levels in the next 15 days.
$42k and $39k acts as good supports.

Caution: FED FOMC meeting on March 15 will create opportunities because the market will likely panic in the first and second week of this month.


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2022-02-16 14:37:16 Crypto Heatmap

We're seeing some green across the board. Waiting for a breakout in key resistance levels. TA Chart to explain in a bit!


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2022-02-15 18:26:45 U.S. stock futures and BItcoin jump on report some Russian troops are heading back to base.

NEWS SOURCE HERE


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2022-02-13 12:26:34 Bitcoin current floor price suggested using volume profile.

Bitcoin estimated floor price around 33k to 34k.

SOURCE HERE


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