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General - Technical Analysis

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General chat for Technical Analysis upon the current crypto market2 Servers

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14 Jan 2023
@valemtyn:matrix.orgvalemtynhello, does anyone know of any app that gave free signals in cryptocurrencies?20:43:11
15 Jan 2023
@_discord_119397325998129152:t2bot.ioRikj000#5379 Nope, macro-economics tell us that we're not out of the woods yet.

However, Binance controlled 92% of spot BTC trading by the end of 2022.

Additionally, 1.2 billion worth of short positions where opened earlier this week.

Because of those reasons I believe that the rally was simply a matter of the broker inflicting the point of "Maximum Pain",
e.g. wipe out as much short positions as possible by pumping the market.
Then flush down again, to also trap bulls who got fooled by the pump.

Sources:
- https://www.coindesk.com/markets/2023/01/04/binance-controlled-92-of-bitcoin-spot-trading-volume-at-end-of-2022-arcane-research/
- https://u.today/surprising-bitcoin-btc-price-spike-driven-by-whales-data-says
- https://discord.com/channels/819237123009150977/839161022421925889/1035453172677881927
05:41:56
@_discord_119397325998129152:t2bot.ioRikj000#5379 * Nope, macro-economics tell us that we're not out of the woods yet.

However, Binance controlled 92% of spot BTC trading by the end of 2022.

Additionally, 1.2 billion worth of short positions where opened earlier this week.

Because of those reasons I believe that the rally was simply a matter of the broker inflicting the point of "Maximum Pain",
e.g. wipe out as much short positions as possible by pumping the market.
Then flush down again, to also trap bulls who got fooled by the pump and are going long.

Sources:
- https://www.coindesk.com/markets/2023/01/04/binance-controlled-92-of-bitcoin-spot-trading-volume-at-end-of-2022-arcane-research/
- https://u.today/surprising-bitcoin-btc-price-spike-driven-by-whales-data-says
- https://discord.com/channels/819237123009150977/839161022421925889/1035453172677881927
05:42:58
@_discord_904993026097692692:t2bot.ioapdevx joined the room.16:41:43
16 Jan 2023
@_discord_288054579541704704:t2bot.ioarcaNe#3221 changed their display name from arcaNe to arcaNe#3221.08:42:21
26 Jan 2023
@_discord_119397325998129152:t2bot.ioRikj000#5379image.png
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06:25:52
28 Jan 2023
@_discord_119397325998129152:t2bot.ioRikj000#5379image.png
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04:46:57
@_discord_119397325998129152:t2bot.ioRikj000#5379 Now this is something which would make me actually believe in the rally.. 🤣
https://nitter.nl/anyuser/status/1619014499553660928
04:46:58
@_discord_119397325998129152:t2bot.ioRikj000#5379 (For those still un-aware) 04:48:02
@_discord_119397325998129152:t2bot.ioRikj000#5379image.png
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04:54:48
@_discord_119397325998129152:t2bot.ioRikj000#5379 While doing some TA of my own he might be right in the short-term 04:54:48
@_discord_119397325998129152:t2bot.ioRikj000#5379 * While doing some TA of my own he might be right in the short-term,
BTC 1 day candles
05:00:53
@_discord_119397325998129152:t2bot.ioRikj000#5379 * While doing some TA of my own he might be right in the short-term,
BTC 1 day candles
05:00:59
@_discord_119397325998129152:t2bot.ioRikj000#5379 But longer term TA shows that if BTC can find higher support after a pull-back now,
that a new rally might have started.. 👀
05:01:02
@_discord_119397325998129152:t2bot.ioRikj000#5379image.png
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05:01:05
@_discord_119397325998129152:t2bot.ioRikj000#5379 BTC 1 month candles 05:01:06
@_discord_119397325998129152:t2bot.ioRikj000#5379 * While doing some TA of my own he might be right in the short-term,
BTC 1 day candles looking ready for a pull-back
05:04:10
@_discord_119397325998129152:t2bot.ioRikj000#5379 * But longer term TA shows that if BTC can find higher support after a pull-back now,
that a new rally might have started.. 👀
05:04:43
@_discord_119397325998129152:t2bot.ioRikj000#5379 A general pull-back is even more likely when the FED comes out next week.
Likely with another interest rate hike or at least crushing the hopes of the bulls,
who still dream that interest rates will be decreasing soon..
05:10:12
@_discord_119397325998129152:t2bot.ioRikj000#5379 * A general pull-back is even more likely when the FED comes out next week.
Likely with another interest rate hike or at least crushing the hopes of the bulls,
who still dream that interest rates will be decreasing soon..

(Also, lets not forget that the FED and other central banks are the main reason that our macro-economics are so fckd up again in the first place.. )
05:12:41
@_discord_119397325998129152:t2bot.ioRikj000#5379dotdash_Final_Head_And_Shoulders_Pattern_Sep_2020-01-4c225a762427464699e42461088c1e86.png
Download dotdash_Final_Head_And_Shoulders_Pattern_Sep_2020-01-4c225a762427464699e42461088c1e86.png
05:15:27
@_discord_119397325998129152:t2bot.ioRikj000#5379 Lastly, if BTC can't find higher support,
then a head-and-shoulder formation is quite likely
https://www.investopedia.com/terms/h/head-shoulders.asp
05:15:27
@_discord_119397325998129152:t2bot.ioRikj000#5379 * A general pull-back is even more likely when the FED comes out next week.
Likely with another interest rate hike or at least crushing the hopes of the bulls,
who still dream that interest rates will be decreasing soon..

(Also, while the FED is acting like the hero saving the economy now, lets not forget that they and other central banks are the main reason that our macro-economics are so fckd up again in the first place.. )
05:17:59
@playback2396:matrix.orgplayback2396 joined the room.09:52:12
29 Jan 2023
@_discord_336237770018258954:t2bot.iokokopuffs#6969 joined the room.20:08:30
@_discord_336237770018258954:t2bot.iokokopuffs#6969 nerd 20:08:30
@_discord_336237770018258954:t2bot.iokokopuffs#6969 i like money 20:08:38
@_discord_336237770018258954:t2bot.iokokopuffs#6969 can i have some 20:08:43
@_discord_1029502086678839336:t2bot.iodarcymoore joined the room.21:04:53
@_discord_1029502086678839336:t2bot.iodarcymoore Hey 21:04:54

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