Thanks a lot! Where can one watch this "number of addresses holding >1k BTC" chart. I´m very very confused whether I buy in again or stay out. Will it go past 40K up or bounce back to 30 or 20K? Heeeeeeeeeeeeeeeeeeeeeeeeeeeeeelp
It's on Glassnode, you need an advanced plan to see it on a daily basis and the whopping $799 professional plan to get it hourly (I don't have that).
Logic says we have a trading range here and I want to wait until I can buy the lower part of the trading range again 30k - 35k. If we have a spike up to 40k-44k between now and then I'm okay missing out on that trade because I want to do a more HTF play. If we break out of the trading range immediately after that then I'm rekt cause I'm don't have position of any decent size right now.
Thanks great analysis, you have a natural talent for this. I hope you can provide this for paid subscribers only in the future as you have a gift. BTW, potential reversal 02:15 UTC though I'm skeptical and hoping to acquire at 30 - 32K range. any thoughts?
Thanks a lot! Where can one watch this "number of addresses holding >1k BTC" chart. I´m very very confused whether I buy in again or stay out. Will it go past 40K up or bounce back to 30 or 20K? Heeeeeeeeeeeeeeeeeeeeeeeeeeeeeelp
It's on Glassnode, you need an advanced plan to see it on a daily basis and the whopping $799 professional plan to get it hourly (I don't have that).
Logic says we have a trading range here and I want to wait until I can buy the lower part of the trading range again 30k - 35k. If we have a spike up to 40k-44k between now and then I'm okay missing out on that trade because I want to do a more HTF play. If we break out of the trading range immediately after that then I'm rekt cause I'm don't have position of any decent size right now.
You can see it for free here: https://www.lookintobitcoin.com/charts/wallets-greater-than-1000-btc/
Many thanks, very elucidating, and a good enterteining read. Looking forward to more of this !
Interesting observation. But in 2017 Number of Addresses with Balance ≥ 1k started to decline very early at $600-3000 price, missing big profits
if price markup ,it is a bull trap ?
hi how do you import that Crypto Quant chart into trading view?
You don't, it's the Pro Chart section of Crypto Quant
Amazing! Thanks!
Thanks great analysis, you have a natural talent for this. I hope you can provide this for paid subscribers only in the future as you have a gift. BTW, potential reversal 02:15 UTC though I'm skeptical and hoping to acquire at 30 - 32K range. any thoughts?