Power Crypto Club
🔅#Bitcoin Quick Update‼️ ▫️7 consecutive red weekly closed candles! ▫️This has never happened before. ▫️The previous record was 6, in 2014. ▫️The current candle of this 8th week just opens in red. ▫️$BTC needs to find a strong support...
😰#Bitcoin Loves Playing With Your Nerves⁉️
👉🏻 After a fifth touch this weekend in its range under $28,300, many analysts were already seeing the #BTC falling to $20k, bear market is here, you have to sell everything, it's the end of the world, blablabla as usual 😂
$BTC decided otherwise with a strong rebound that frankly crossed the FIB neutral zone (38.2/61.%) and the $30k mark, like at high-speed on a German highway, reaching nearly $31,000 right now.
👉🏻 Again, don't try to fight $BTC when it's moving in a range with low volatility and no volume, because the breakout will be totally unpredictable at 50/50 up or down.
So if someone told you $BTC is going to exit either by the North or the South, he must see it in a crystal ball or he's just a big liar. 😅
👉🏻 After a fifth touch this weekend in its range under $28,300, many analysts were already seeing the #BTC falling to $20k, bear market is here, you have to sell everything, it's the end of the world, blablabla as usual 😂
$BTC decided otherwise with a strong rebound that frankly crossed the FIB neutral zone (38.2/61.%) and the $30k mark, like at high-speed on a German highway, reaching nearly $31,000 right now.
👉🏻 Again, don't try to fight $BTC when it's moving in a range with low volatility and no volume, because the breakout will be totally unpredictable at 50/50 up or down.
So if someone told you $BTC is going to exit either by the North or the South, he must see it in a crystal ball or he's just a big liar. 😅
🔅#Bitcoin Now Testing Key Level‼️
If #BTC's 14% rebound moved its price out of its range with a candle-wick that reached $32,500, it was a good news to restore some positive sentiment in the crypto market, whose indicator just jumped from 10 to 16.
Now, beware because the price has returned to the top of the range, exactly on the resistance which is also the key Fibonacci ratio of 100% and that will have now to be Tested by $BTC.
I don't have any prediction next, except that $BTC may have to test several times this key level before to occur a clear upward breakout, and therefore stay in this range for as long as it take... unless it just bounces off this key level to start rising again on next hours! 😅
Here is my link to open the BTC chart directly on Tradingview for a better image resolution.
https://www.tradingview.com/x/4ExctKD7/
If #BTC's 14% rebound moved its price out of its range with a candle-wick that reached $32,500, it was a good news to restore some positive sentiment in the crypto market, whose indicator just jumped from 10 to 16.
Now, beware because the price has returned to the top of the range, exactly on the resistance which is also the key Fibonacci ratio of 100% and that will have now to be Tested by $BTC.
I don't have any prediction next, except that $BTC may have to test several times this key level before to occur a clear upward breakout, and therefore stay in this range for as long as it take... unless it just bounces off this key level to start rising again on next hours! 😅
Here is my link to open the BTC chart directly on Tradingview for a better image resolution.
https://www.tradingview.com/x/4ExctKD7/
⚡️Since the start of this violent correction about 20 days ago, this is the strongest #BTC bounce we've had so far with +18.50% and a return above $20k (and $ETH +31% above $1,100 level). Let's hope the tone is set for this new week...
✅ Crypto vs. Fiat Currency Money Laundering Statistics (1/3)
With the rise of digital currency, today’s money laundering isn’t limited to USD or other fiat currencies. However, money laundering through cryptocurrency is surprisingly difficult. Here are the facts:
🔹 $BTC money laundering only makes up 0.9% of money laundering in USA and only 0.3% globally.
👉 The amount of #BTC that was criminally exchanged in 2019 was $2.8 billion. While this might seem like a lot, it pales in comparison to the potentially trillions of dollars laundered annually around the globe.
🔹 As of 2021, the IRS has seized $1.2 billion worth of crypto.
👉 The amount of crypto seized from cybercrimes has grown exponentially over the past 3 years. From 2019-20, the amount seized increased from $700K to $137M, while from 2020-21, that number increased yet again from $137M to $1.2B.
.... If you liked, more money laundering stats to come soon! 💰💰💰🏃🏻
With the rise of digital currency, today’s money laundering isn’t limited to USD or other fiat currencies. However, money laundering through cryptocurrency is surprisingly difficult. Here are the facts:
🔹 $BTC money laundering only makes up 0.9% of money laundering in USA and only 0.3% globally.
👉 The amount of #BTC that was criminally exchanged in 2019 was $2.8 billion. While this might seem like a lot, it pales in comparison to the potentially trillions of dollars laundered annually around the globe.
🔹 As of 2021, the IRS has seized $1.2 billion worth of crypto.
👉 The amount of crypto seized from cybercrimes has grown exponentially over the past 3 years. From 2019-20, the amount seized increased from $700K to $137M, while from 2020-21, that number increased yet again from $137M to $1.2B.
.... If you liked, more money laundering stats to come soon! 💰💰💰🏃🏻
⚠️ This week on Twitter, I noticed that several well-known crypto influencers/analysts were like newbies to spread FUD on the $BTC bullrun "to the moon" in the event of an imminent breakout...
...AND at the same time were unable to define the pattern name where #BTC price structure has been swinging for 3 days... getting confused between triangles, pennant, flag, wedge.
When you're spreading fake or unreliable financial advice to your 50,000 or 800,000 subscribers, that's just unacceptable.
In this jungle of influencers, analysts, training vendors and other scammers, here are 3 sites to bookmark and that will allow you to stop wasting time with these people.
🔹THEPATTERNSITE
Internationally renowned author/trader Thomas Bulkowski's FREE website for researching chart patterns, candlesticks and more!
👉 My only reference to check the patterns.
🔹MARKETCAPOF
Compare cryptocurrencies by market cap and find out the price of your cryptocurrency with the market cap of another crypto.
👉 When you hear that a crypyo can make x1000 this year, but after checking, you see it's 5 times the market cap of $BTC! 😂
🔹MACROAXIS
Compare the effects of market volatilities and pair correlation between 2 assets
👉 If you are tired of hearing that BTC is correlated with the US index.
Enjoy these FREE sites, and have a good weekend, guys! @AlainBKK
...AND at the same time were unable to define the pattern name where #BTC price structure has been swinging for 3 days... getting confused between triangles, pennant, flag, wedge.
When you're spreading fake or unreliable financial advice to your 50,000 or 800,000 subscribers, that's just unacceptable.
In this jungle of influencers, analysts, training vendors and other scammers, here are 3 sites to bookmark and that will allow you to stop wasting time with these people.
🔹THEPATTERNSITE
Internationally renowned author/trader Thomas Bulkowski's FREE website for researching chart patterns, candlesticks and more!
👉 My only reference to check the patterns.
🔹MARKETCAPOF
Compare cryptocurrencies by market cap and find out the price of your cryptocurrency with the market cap of another crypto.
👉 When you hear that a crypyo can make x1000 this year, but after checking, you see it's 5 times the market cap of $BTC! 😂
🔹MACROAXIS
Compare the effects of market volatilities and pair correlation between 2 assets
👉 If you are tired of hearing that BTC is correlated with the US index.
Enjoy these FREE sites, and have a good weekend, guys! @AlainBKK
✅ Crypto's Return on Investments
🔅3 years ago (15-Mar-2020), the Total Crypto Market Cap value was $145 billions, reaching to date $1.1 trillion (+658% increase)
The current Top 3 Cryptos by Market Cap were on market price at (increase to date):
🔹#BTC: $5,390 (+392%)
🔹#ETH: $125 (+1,290%) 🚀
🔹#BNB: $10 (+3,200%) 🚀
Some other cryptos:
🔹#XMR: $38 (+387%)
🔹#ETC: $5 (+288%)
🔹#THETA: $0.06 (+1,650%) 🚀
🔹#CHZ: $0.005 (+2,300%) 🚀
🔹#STX: $0.068 (+1,488%) 🚀
Source: https://coinmarketcap.com/historical/20200315/
🔅3 years ago (15-Mar-2020), the Total Crypto Market Cap value was $145 billions, reaching to date $1.1 trillion (+658% increase)
The current Top 3 Cryptos by Market Cap were on market price at (increase to date):
🔹#BTC: $5,390 (+392%)
🔹#ETH: $125 (+1,290%) 🚀
🔹#BNB: $10 (+3,200%) 🚀
Some other cryptos:
🔹#XMR: $38 (+387%)
🔹#ETC: $5 (+288%)
🔹#THETA: $0.06 (+1,650%) 🚀
🔹#CHZ: $0.005 (+2,300%) 🚀
🔹#STX: $0.068 (+1,488%) 🚀
Source: https://coinmarketcap.com/historical/20200315/
✅ With the return of volatility and bearish reversal signs, all the "moon boys" come alive with their crystal ball prediction, which many are also talking about a return of the famous “Alts Season” except that they do not realize that the context is totally different from that of 2017, even 2020.
Crypto Total Market Cap (Excl. #BTC) with only Active Cryptos:
🔹2017: $55B / 1,300 Alts = $42M per Alt (+70%)
🔹2020: $130B / 2,400 Alts = $54M per Alt (+27%)
🔹2023: $650B / 8,800 Alts = $74M per Alt (...)
Note: the last number is the increase after the Alts season.
Dominance $BTC:
🔹2017: 36% ($1,100)
🔹2020: 36% ($8,500)
🔹2023: 48% ($31,500)
Dominance $ETH:
🔹2017: 10% ($49)
🔹2020: 8% ($200)
🔹2023: 20% ($2,100)
Crypto with No Real Value or Utility:
🔹2017: 20-30% (all are estimates)
🔹2020: 50-60%
🔹2023: 80-90%
Note: Among the Top 100 by Market Cap, a 2022 study shows that only 36 projects provide real value or useful function to users.
@AlainBKK 15-April-2023
Crypto Total Market Cap (Excl. #BTC) with only Active Cryptos:
🔹2017: $55B / 1,300 Alts = $42M per Alt (+70%)
🔹2020: $130B / 2,400 Alts = $54M per Alt (+27%)
🔹2023: $650B / 8,800 Alts = $74M per Alt (...)
Note: the last number is the increase after the Alts season.
Dominance $BTC:
🔹2017: 36% ($1,100)
🔹2020: 36% ($8,500)
🔹2023: 48% ($31,500)
Dominance $ETH:
🔹2017: 10% ($49)
🔹2020: 8% ($200)
🔹2023: 20% ($2,100)
Crypto with No Real Value or Utility:
🔹2017: 20-30% (all are estimates)
🔹2020: 50-60%
🔹2023: 80-90%
Note: Among the Top 100 by Market Cap, a 2022 study shows that only 36 projects provide real value or useful function to users.
@AlainBKK 15-April-2023
🚩#Bitcoin Quick Update‼️
👉 Even if 2 traders can see the same graph differently and obtain different results... in the case of $BTC some guys are absolutely looking for all the reasons (even with no-sens!) to try to explain that its price should drop and below 20K... whereas since the beginning of the year, #BTC's price structure shapes a rather clean bullish channel respecting the different phases, with impulsive waves to breakout any resistance in order to reach higher prices but also by creating accumulation ranges for week/month(s), before seeing some pullbacks on previous high price supports to bounce from there and start a new cycle with same phases to bring #BTC price towards new highs slowly, BUT with confidence & solidity!
Have a nice Sunday everyone! ☀️🙏🏼
👉 Even if 2 traders can see the same graph differently and obtain different results... in the case of $BTC some guys are absolutely looking for all the reasons (even with no-sens!) to try to explain that its price should drop and below 20K... whereas since the beginning of the year, #BTC's price structure shapes a rather clean bullish channel respecting the different phases, with impulsive waves to breakout any resistance in order to reach higher prices but also by creating accumulation ranges for week/month(s), before seeing some pullbacks on previous high price supports to bounce from there and start a new cycle with same phases to bring #BTC price towards new highs slowly, BUT with confidence & solidity!
Have a nice Sunday everyone! ☀️🙏🏼
✅ (1/2) The Singaporean Sleeping Giant⁉️
🔹 Patrick Dai and his Dev team are among those very active but discreet projects, without extravagant marketing or airdrop to attract new investors. However, since June, they have been communicating a lot on their Twitter account about the QRC20 Smart Token (same as ERC20).
🔹 #Qtum is an open source public blockchain platform built on a peer-to-peer #PoS network. It uses the transaction model of #BTC, with the added flexibility of smart contracts. The project provides a range of resources for developing blockchain and decentralized applications, as well as a multi-wallet ecosystem.
🔹 Quantum Blockchain Network hosts 280 different tokens and has nearly 3 million addresses. https://qtum.info
🔹 Patrick Dai and his Dev team are among those very active but discreet projects, without extravagant marketing or airdrop to attract new investors. However, since June, they have been communicating a lot on their Twitter account about the QRC20 Smart Token (same as ERC20).
🔹 #Qtum is an open source public blockchain platform built on a peer-to-peer #PoS network. It uses the transaction model of #BTC, with the added flexibility of smart contracts. The project provides a range of resources for developing blockchain and decentralized applications, as well as a multi-wallet ecosystem.
🔹 Quantum Blockchain Network hosts 280 different tokens and has nearly 3 million addresses. https://qtum.info
✅ How to Allocate your Long-Term Investment Portfolio (Crypto)? (1/2)
There's no right or wrong model, so it's important to tune in to what you feel best fits your goals and risk tolerance.
Here is a summary of a very interesting & reliable model I've featured in previous posts, and suggested by Phil from Pro-Indicators.
🔅 There are 6 main Factors/Aspects that define the Ecosystem of any Crypto Project, but all 6 remain impossible to maximize in a single project due to forced trade-offs between each specificity. The good performance of one of the aspects will often be at the expense of one of the others.
● Average Transaction Value #ATV
(Leader: #BTC PoW, 2nd: #ETH)
● Total Value Locked #TVL
(Leader: #ETH PoS)
● Modularity & Interoperability
(Leader: probably #Cosmos)
● Privacy & Difficulty to Track
(Leader: ? )
● Daily Active User #DAU
(Leader: ? )
● Transaction Per Second #TPS
(Leader: ? )
There's no right or wrong model, so it's important to tune in to what you feel best fits your goals and risk tolerance.
Here is a summary of a very interesting & reliable model I've featured in previous posts, and suggested by Phil from Pro-Indicators.
🔅 There are 6 main Factors/Aspects that define the Ecosystem of any Crypto Project, but all 6 remain impossible to maximize in a single project due to forced trade-offs between each specificity. The good performance of one of the aspects will often be at the expense of one of the others.
● Average Transaction Value #ATV
(Leader: #BTC PoW, 2nd: #ETH)
● Total Value Locked #TVL
(Leader: #ETH PoS)
● Modularity & Interoperability
(Leader: probably #Cosmos)
● Privacy & Difficulty to Track
(Leader: ? )
● Daily Active User #DAU
(Leader: ? )
● Transaction Per Second #TPS
(Leader: ? )
✅ How to Allocate your Long-Term Investment Portfolio (Crypto)? (2/2)
📈 MarketShare Distribution remains asymmetrical as following:
🔹 1st Leader will get at least 50%
🔹 2nd, about 30%
🔸 3rd, 10%
🔸 4th, 3%
🔸 5th, 6th... 1%
👉 This means that you have at least 6 MarketShares Leaders (12 including all second leaders) to find in order to allocate and optimize your portfolio (Crypto).
At this stage, we only know the first 2 with #BTC & #ETH, and probably #COSMOS too.
Have a nice week, #CryptoLovers. 🏖
📈 MarketShare Distribution remains asymmetrical as following:
🔹 1st Leader will get at least 50%
🔹 2nd, about 30%
🔸 3rd, 10%
🔸 4th, 3%
🔸 5th, 6th... 1%
👉 This means that you have at least 6 MarketShares Leaders (12 including all second leaders) to find in order to allocate and optimize your portfolio (Crypto).
At this stage, we only know the first 2 with #BTC & #ETH, and probably #COSMOS too.
Have a nice week, #CryptoLovers. 🏖
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💛 Today, #PayPal is launching its own stablecoin #PYUSD for payments and transfers, using #Ethereum blockchain and backed by the US dollar.
💚 #Microstrategy is planning to buy $750 millions worth of $BTC.
💙 The world's largest hedge fund managers are applying for Spot #Bitcoin ETF applications.
💜 #Apple is entering the #Metaverse, and world's largest companies are jumping into #AI.
⚠️ ...and you are still BEARISH because your Permabear Mentor is saying that $15k #BTC is coming!!! 😂
💚 #Microstrategy is planning to buy $750 millions worth of $BTC.
💙 The world's largest hedge fund managers are applying for Spot #Bitcoin ETF applications.
💜 #Apple is entering the #Metaverse, and world's largest companies are jumping into #AI.
⚠️ ...and you are still BEARISH because your Permabear Mentor is saying that $15k #BTC is coming!!! 😂
🚩#Bitcoin Quick Update‼️ $27,300
👉 At this stage, #BTC 's price drop was halted exactly on the support from the bottom of its 150-day-mature accumulation range, before bouncing back then to stabilized below the Neutral Area (Fibs 38.2/61.8) and where the EMA200 was coming too. This strong support also coincides with the 50% (midway) of the last bullish flow, and could be a potential buy level for $BTC.
👉 At this stage, #BTC 's price drop was halted exactly on the support from the bottom of its 150-day-mature accumulation range, before bouncing back then to stabilized below the Neutral Area (Fibs 38.2/61.8) and where the EMA200 was coming too. This strong support also coincides with the 50% (midway) of the last bullish flow, and could be a potential buy level for $BTC.
Forwarded from Power VIP-Signals (ABKK)
⚠️ #BTC Correlation #ALTS
The weakening of the correlation between major #Alts and $BTC in a rising market is nothing new, so be prepared!
The main reason is simple, many investors will start selling their #Alts to buy $BTC, causing the price of #Alts to drop and the price of $BTC to rise.
▫️Crypto Map:
1) BTC ⬆️⬆️ => Alts/BTC ⬇️
2) BTC ⬇️⬇️ => Alts/BTC ⬇️⬇️
3) BTC ➡️➡️ => Alts/BTC ⬆️
(Alts/BTC = Alts paired BTC)
▫️Legend:
1) BTC Bullrun => FOMO Back into BTC
2) BTC Crash => Fight to Safety BTC
3) BTC Range => Boring, Seeking Riskier Investments
The weakening of the correlation between major #Alts and $BTC in a rising market is nothing new, so be prepared!
The main reason is simple, many investors will start selling their #Alts to buy $BTC, causing the price of #Alts to drop and the price of $BTC to rise.
▫️Crypto Map:
1) BTC ⬆️⬆️ => Alts/BTC ⬇️
2) BTC ⬇️⬇️ => Alts/BTC ⬇️⬇️
3) BTC ➡️➡️ => Alts/BTC ⬆️
(Alts/BTC = Alts paired BTC)
▫️Legend:
1) BTC Bullrun => FOMO Back into BTC
2) BTC Crash => Fight to Safety BTC
3) BTC Range => Boring, Seeking Riskier Investments
✅ Who owns #BTC?
🔹Private Individuals: 11,970,000
🔹Estimated Lost: 3,700,000
🔹Remaining to Mine: 1,380,000
🔹Satoshi Nakamoto: 1,100,000
🔹Investment Funds/ETF: 818,000
🔹Entreprises: 785,000
🔹BTC Miners: 714,000
🔹Governments: 565,000
🌐 Source: https://bitcointreasuries.net
🔹Private Individuals: 11,970,000
🔹Estimated Lost: 3,700,000
🔹Remaining to Mine: 1,380,000
🔹Satoshi Nakamoto: 1,100,000
🔹Investment Funds/ETF: 818,000
🔹Entreprises: 785,000
🔹BTC Miners: 714,000
🔹Governments: 565,000
🌐 Source: https://bitcointreasuries.net
✅ Power VIP-Signals Channel
⚠️ As requested by some friends & members, I am attempting alone to revive the "Power VIP-Signals" Telegram channel that was a complete success in 2021. I was also among the very few who alerted about the risk of a #BTC collapse, that finally occurred a few days later.
👉🏼 To access the VIP channel for free, just comment below with your Telegram User ID, or PM @AlainBKK, and then I will send your private link.
Attached: A summary of yesterday's exciting trade with #Toncoin, which surprised everyone with its straight breakout, after a range of 780-days!!!
Let me know if you hear this signal anywhere, but I don't think so.
⚠️ As requested by some friends & members, I am attempting alone to revive the "Power VIP-Signals" Telegram channel that was a complete success in 2021. I was also among the very few who alerted about the risk of a #BTC collapse, that finally occurred a few days later.
👉🏼 To access the VIP channel for free, just comment below with your Telegram User ID, or PM @AlainBKK, and then I will send your private link.
Attached: A summary of yesterday's exciting trade with #Toncoin, which surprised everyone with its straight breakout, after a range of 780-days!!!
Let me know if you hear this signal anywhere, but I don't think so.