Bitcoin Versus M1 Money Supply: The Most Bullish Chart Yet
Bitcoin price is at roughly $37,000, gaining more than $10,000 over the last month. The BTCUSD chart is beginning to look a lot more bullish. However, the most chart you’ll ever see is the top cryptocurrency by market cap compared against the money supply. Take a look. The Most Bullish Bitcoin Chart Of All Bears […]
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On-chain data shows the Chainlink exchange supply has observed a plummet, something that could turn out to be bullish for the asset’s price. Chainlink Supply On Exchanges Has Registered A Drawdown Recently According to data from the on-chain analytics firm Santiment, the LINK supply on exchanges could be forming a bullish divergence right now. The […]
The "Whales Supply Shock" metric has been pretty accurate in detecting Bitcoin market tops. Bitcoin's (BTC) biggest investors have been lately upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests.Dubbed as "Whale Supply Shock," the on-chain indicator represents the ratio between the amount of Bitcoin held by "whales" and "fishes." Whales represent addresses that hold between 10,000 BTC and 100,000 BTC, while fishes are those that hold anything between 0.001 BTC and 1,000 BTC.A rising Whale Supply Shock reading indicates a higher degree of....
The formation of a bullish trading pattern suggests that the ETH/BTC pair could be on the verge of a trend reversal. Ethereum’s native token, Ether (ETH), looks poised to log a major price rally versus its top rival, Bitcoin (BTC), in the days leading toward early 2023.Ether has a 61% chance of breaking out versus BitcoinThe bullish cues emerge primarily from a classic technical setup dubbed a “cup-and-handle” pattern. It forms when the price undergoes a U-shaped recovery (cup) followed by a slight downward shift (handle) — all while maintaining a common resistance level....
By now we are all familiar with the price chart bitcoin pessimists throw at us when discussing the imminent "death" of bitcoin and the digital currency space as a whole. The classic bubble spike to above $1000 and the collapse to where we now sit just ahead of $200 does, indeed, lend credence to the suggestion that bitcoin has yet further to fall in value. However, there is a much more logical way to chart changing values over time when looking at something like digital currency - a logarithmic chart. From a logarithmic chart, somebody looking at bitcoin price versus the US dollar can gain....
Ethereum price got rejected from $2,000 despite showing strong bullish signs against Tether (USDT) ahead of “The Merge.” The price of Ethereum has struggled to regain its bullish momentum as this has created a mixed feeling between Ethereum bulls and bears. (Data from Binance) Related Reading: WATCH: Bitcoin Versus DXY And The Dangerous TD9 Setup | Daily TA August 30, 2022 Price Analysis Of ETH On The Four-Hourly (4H) Chart The price of ETH on the 4H chart has continued to look bullish, trying to hold above the support area at $1,500. ETH price trades below the 50 EMA on the 4H....