Crucial Macro Bitcoin Indicator Just Printed a “Buy” Signal
Bitcoin has undergone a strong rally over the past two weeks. An analyst noted that one of their custom indicators formed a “buy” for the third time in the past few months. This indicator is important as it has predicted critical retracements and rallies. Bitcoin Printed a Macro Buy Signal Bitcoin has undergone a strong rally over the past two weeks. But technical trends show that the coin could surge even further in the weeks […]
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Nothing stands in the way of Bitcoin's latest renaissance, even as gold tumbles and the U.S. dollar checks its progress. Bitcoin (BTC) closed above a crucial level into April 20 as the daily chart offered a long-awaited “buy” signal.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: Bitcoin is a buy at $41,500Data from Cointelegraph Markets Pro and TradingView confirmed a daily close at $41,500 on Bitstamp for Tuesday.A strong performance, the sustained gains meant that fresh upside should be incoming, according to one trader eyeing a buy/sell indicator on daily....
Bitcoin has flatlined over recent weeks, entering a trading range between $10,000 and $11,000. On a macro basis, not all analysts are convinced that BTC is in a full-blown bull market. There are a number of resistances above Bitcoin’s current price that could mark highs of a medium-term rally. Despite this, there are crucial on-chain indicators suggesting that the cryptocurrency has room to move higher. One such indicator, which formed in 2017 prior to a […]
On-chain data shows the Bitcoin taker buy/sell volume is now showing a “buy” signal as the crypto looks to be gearing up for a new rally. Bitcoin Taker Buy/Sell Volume Says Now May Be The Time To Buy As pointed out by an analyst in a CryptoQuant post, the BTC taker buy volume recently reached a value that has historically been a green signal for the crypto. The “taker buy volume” is an indicator that measures the long volume of Bitcoin on derivatives exchanges. The metric works by checking orders on the book to see how many takers are buyers. This volume divided by....
Bitcoin has been in a strong rally since the March lows. The coin moved from $3,500 at those lows to around $12,500 at the local highs. Unfortunately for bulls, a crucial sell signal is on the verge of appearing that may mark a medium-term top for Bitcoin. The indicator last formed just prior to the March capitulation crash. Bitcoin Could Soon Undergo Retracement: Trend Indicator Shows Bitcoin has undergone a strong rally since the March […]
On-chain data shows the Bitcoin stablecoin supply ratio is now showing a green signal that has proved to be profitable for the crypto several times in the last two years. Bitcoin Stablecoin Supply Ratio Shock Momentum Forms “Buy” Signal As pointed out by an analyst in a CryptoQuant post, out of the 11 previous such buy signals, 10 ended up profitable for the crypto. The “stablecoin supply ratio” (or the SSR in brief) is an indicator that measures the ratio between the market cap of Bitcoin and that of all stablecoins. Generally, whenever investors want to avoid....