BITCOIN CHARTS

BITCOIN ON-CHAIN CHARTS UPDATE Bitcoin is still keeping us on our toes! We’ve been under $45k in almost 3 months now. It goes up making us all giddy with anticipation, then spirals down just within the zone, too, enough to make us believe and that it is just one of BTC volatile episodes. So, what …

BITCOIN UNCERTAIN, STILL UNDER 45K FOR 3 MONTHS NOW Read More »

BITCOIN ON-CHAIN CHARTS UPDATE Bitcoin just gained 13.4% yesterday, making everyone in the community back to being hopeful! Ever since the highs of October 2021, the following months are certainly struggling to maintain a bullish candle close. And so we kept sliding down, even going as low as $33k-ish making the community in fears and …

BITCOIN GAINS 13.4% in LESS THAN 24hrs, first bullish month-close since october 2021 Read More »

BITCOIN ON-CHAIN CHARTS UPDATE (2/23/2022) Bitcoin is back to being indecisive. One moment it goes up, making us hope for continuation. Then right when we’ve convinced ourselves “that was it”, Bitcoin once again freefalls. As always, Bitcoin, although cryptocurrency’s global adoption is still skyrocketing and nowhere near its peak, is still very volatile. Currently, Bitcoin …

BITCOIN’S VOLATILITY IS DRIVING THE MARKET BACK TO EXTREME FEAR Read More »

BITCOIN ON-CHAIN CHARTS UPDATE (2/11/2022) Bitcoin Golden Ratio Multiplier has historically been effective in catching potential trend reversals on the market using 350DMA. (See chart below.) Both in July and September 2021, the 350DMA has been acting as great support for Bitcoin Price. Not until December 2021 came. Now for weeks, we have been under …

BITCOIN GOLDEN RATIO MULTIPLIER ON THE WAY TO RECOVERY? Read More »

BITCOIN ON-CHAIN CHARTS UPDATE (2/8/2022) After so many years! (or at least that’s how it felt 😅) Bitcoin is now back up to the $40k level. Looking at the chart below, since we hit as low as $32k last Jan 24, Bitcoin has been steadily recovering. Roughly 2 weeks later, we’re up by 35%! Bitcoin …

BITCOIN FEAR AND GREED INDEX NOW ON NEUTRAL AS CONFIDENCE ON THE MARKET RESURFACES Read More »

BITCOIN ON-CHAIN CHARTS UPDATE Let’s look at this new chart: Bitcoin Whale Watching. Looking at the chart above (orange bar lines), we see that whales with dormant coins for more than 10 years have been moving their holdings starting around mid-October 2021. But lately, they’ve been silent as the last time they moved was December …

BITCOIN WHALES WITH COINS DORMANT FOR 10 YEARS HAVE SEEN MOVEMENTS LATELY Read More »

BITCOIN ON-CHAIN CHARTS UPDATE Bitcoin weekly closed on the green but it is not guaranteed for more bullish weekly price actions yet. Trend reversal usually confirms when it closes with an engulfing candle. Hence, at the moment, we are still expecting some pains in the market up until we form a bullish engulfing candle or …

BITCOIN WEEKLY CLOSE ON THE GREEN, MONTHLY STILL LOOKS BLOODY Read More »

BITCOIN ON-CHAIN CHARTS UPDATE Let’s look at another chart for today’s Bitcoin update: Bitcoin Reserve Risk. The increasing yellow line suggests healthy confidence in Bitcoin’s future. This shows the number of holders increasing in time. The blue line represents the Median Value of Coin (Days) Destroyed. As long as the MVOCD is below the Bitcoin …

BITCOIN RESERVE RISK SHOWS GREAT BUY POTENTIAL WHEN BITCOIN BOTTOMS Read More »

BITCOIN ON-CHAIN CHARTS UPDATE Bitcoin, after touching the $38k level, is now back to the $35k range. What’s going on with the charts? Let’s look at Bitcoin Golden Ratio Multiplier. According to this chart, market cycle highs hit decreasing Fibonacci sequence multiples of the 350DMA. Hence when looking at the chart below, this metric could …

BITCOIN GOLDEN RATIO MULTIPLIER SHOWS WE COULD BE IN A BEAR MARKET, WHAT SHOULD WE DO? Read More »

BITCOIN ON-CHAIN CHARTS UPDATE Bitcoin is now up by 2.4% in the last 24 hours and has now gotten back to the $37k level. We’re also seeing some bullish candles on the daily (now on a 4-day streak). Could this be the signal of a bitcoin bottom? Let’s look at the charts. MVRV-Z Score is …

BITCOIN BOTTOM LOOKS NEARER THAN ‘THE TOP’, BULLISH CANDLES ON THE DAILY TIMEFRAME Read More »