Changtui 7 major predictive indicators suggest that the market may be fully bullish.

Changtui's 7 indicators predict a fully bullish market.

Source: Twitter

Author: @ColeGarnersTake

Translation: Yvonne, MarsBit

Note: The original post was made by @ColeGarnersTake, and it has been compiled and translated by MarsBit.

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1/

Bitcoin and the cryptocurrency market seem to be bullish overall.

This article will introduce 7 indicators that are sending bullish signals.

2/

I did not deliberately choose these parameters.

They are all part of a toolkit, some of which have been used for many years.

3/

Let’s start with whale accumulation.

Data shows that whale wallets have been in accumulation mode since May.

The data comes from Jarvis Labs, a team of analysts and quantitative analysts.

4/

Whale accumulation is the cornerstone of a bull market.

Here are different viewpoints about whale users.

5/

Nansen Smart Money: “Smart money” hasn’t made much profit, but is hoarding ETH.

6/

By the way, pay attention to the price of ETH below.

7/

The powerful alpha that no one talks about:

When buyers dominate the Asian trading session, BTC and ETH prices rise. As a general trend, the market is almost always like this.

The time when the Asian market starts to sell: usually near the local top.

I have developed an algorithm to test this situation.

8/

The results show that Asia is currently in a buying phase.

9/

Another algorithm shows that bullish signals are forming.

The test results date back to 2011.

10/

We need to talk about Bitfinex.

The Bitcoin to stablecoin ratio on Bitfinex tends to skyrocket in the weeks leading up to major BTC bull runs.

11/

Bitfinex whales are important.

Bitfinex whales have a greater impact on the short to medium-term price trends than any other cryptocurrency entity.

I have a lot of evidence, but that’s another topic.

12/

Another viewpoint:

The Asset Rotation Aperture can track the cumulative trading volume delta and OI delta of multiple assets side by side. Currently, three currencies are bullish.

1. Bitfinex BTC long margin

2. Bitfinex BTC long margin/short margin

3. Bitfinex spot BTC

1 & 3 tend to lead the price. Currently, all three are bullish.

13/

The stablecoin market capitalization ratio is my favorite indicator.

At any given time, the overall ratio of Bitcoin to stablecoins.

The stablecoin market value is bullish, although it may develop sideways indefinitely.

14/

However, the stablecoin ratio is being crushed relative to its logarithmic trend line.

One of the most important resistance levels in the crypto market.

(Conversely, resistance levels look like support levels)

In order to have a full bull market, the logarithmic trend line may need to be broken. (This is entirely possible).

15/

Seasonality in the summer, oscillation is coming. The market may experience a reshuffle, which is expected to wait until September, so the market should have a few more weeks.

16/

When the closing price is below the 200 moving average, the bullish theory fails.

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