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Fearandgreed

Until the VIX breaks this level, it remains range-boundA quick look at our VIX chart shows us that we are range-bound since June. Exactly, as I expected and have stated numerous times in past posts. But now, with the U.S. credit rating downgrade, fear has spiked. Will we break this range and move up? We could, yes. But to do so, we need the VIX to move above that 15.94 level with confirmation. As of today, the VIX can still be technically classified as range-bound at all time 2-year lows. Of course, when the VIX remains low, the market will remain relatively positive. This is bullish. Stay tuned for further updates here. Stew
TVC:VIX
by stewdamus
SVXY a volatility ETF play LONGSVXY is the ETF shorting the VIXX ( and UVXY) which pumped hard this past trading session. It goes up when volatility goes down and vice-vera. VIXX is expected to drop after the trama in the market starting at 1PM when the Treasuries auctions were duds with little transactions occurring and the financial data reported in the late morning. SVXY dropped to its near term lows as the VIXX too off. SVXY bounced above the long term anchored mean black VWAP line which provides a logical stop loss at 85.65. The relative trend indicator shows the dip and early recovery while the RS indicator shows low and high time frame lines bottoming and reversing with the low blue line above the higher black time frame line. I see this as a long trade setup targeting the pivot highs in the near left of the price trend or about 90.5, A similar trade would be to short UVXY in a trend down.
CBOE:SVXYLong
by AwesomeAvani
This is why I wait for 3 confirmation candles on the daily!Traders, At times, during the last week, it looked as if our Cup and Handle pattern was going to be legitimized. However, caution was admonished. We had not yet seen 3 candle closes above our neckline on the daily which would have allowed for the safest entry. Though, we played around above the neckline for over a week, the break was never confirmed with 3 solid price closes above the neckline on the daily. This provides valuable teaching material for us all to observe and learn from going forward. I will review price history and show you what I needed to see for solid confirmation. I will also review the four charts I was observing this past week. And finally, I will show you what the picture now is looking like going forward. Stew
INDEX:BTCUSD
by stewdamus
4
THE FEAR & GREED INDEX: GRADUALLY RISING.Fear & Greed Index: The F&G Index has come up to a neutral state. This shows that people's sentiment toward the crypto market is changing. Currently, there is neither too much fear nor too much greed in the market meaning, there is a decisive move, where traders are not sure whether to go long or short. I shared about the F&G index a long time back when F&G was in the extreme fear zone and there I mentioned that the F&G index will eventually turn its indicator towards fear, neutral, greed, and then extreme greed. So far we have reached the neutral zone so it is good. I hope this update was helpful for you all. Thank you for reading and trade safely.
INDEX:BTCUSD
by Dexter_The_Trader
1
I think Bitcoin's bottom is inHello. We can see RSI has broken its ~1 year downtrending trendline from feb 2021 on 3D ( also on daily and weekly ). Tells about possible trend change . Double top from 69k and head and shoulders targets hasn't been able to met. ( Not enough sellers? ) Price was pressured down with 25EMA (yellow line highlighted with red arrows), and has broke it now. 18 500 is a strong resistance. If Bitcoin breaks 18 500 and stay on top of it, for me this FTX panic drop was to shake people out and trick them to wait for "lower prices" Market sentiment has been really negative for a long time and people have been waiting for 14, 12 and 10k so we probably won't even get there. Also there has been many news again how crypto is dead etc etc
Long
by PalenTrade
3
DJI + Indicators Vs NDQ Vs BitcoinHi Investors & Traders Although this is a chart of the Dow, it will mainly focus on the interactions of Bitcoin with the Dow and the Nasdaq. I'm taking a slightly different look at the market here with this chart. This is the monthly chart of the Dow Jones, Nasdaq and Bitcoin, but the 4 indicators on the bottom are corresponding of the Dow. The four indicators as follows... STOCHASTIC RSI FEAR AND GREED CM ULTIMATE MACD CM ULTIMATE RSI In this chart we can really see the parabolic growth of Bitcoin especially against the Nasdac and the almighty Dow Jones. Way back in 2017 the markets were in a rally non bigger than Bitcoin, and as we can see it Pierced through the Nasdaq and was pretty much met as resistance by Dow with a fairly strong rejection from it. It then found some support off the Nasdaq but it ultimately fell through and bottomed out. The next move to re pierce the Nasdaq and it co mingled with it for about one and half years before it inevitable broke out above it and met with the Dow Jones and went on to pierce it as well. Bitcoin then corrected right back to the Dow as support for months into it's second attempt to another break out f new highs @ 69k. Not long after Bitcoin once again falls to the Dow as support once more, makes a small move and then plunges with the rest of the markets and goes down bellow the Dow as similarly did with the Nasdac back in 2018. Comparing to the Nasdaq drop of 2018 Bitcoin fell 51% under. This year in 2022 it has fallen about 56% under the Dow. At 5% more is this enough to call it a bottom? I guess we will see in due time. The good news 3 out of the 4 indicators are showing signs of recovery for the Dow with only the MacD not crossing yet. As we can clearly see in the recent history of a decade these indices tend to move together with the Dow leading the way. The thing is market sentiment can switch on a dime. Waiting for the MacD cross is still not a guarantee of new highs but it lowers the downward risk just bit more. Bitcoin and it's interaction with the Dow going forward will be very important in my opinion s I think it might have a tough time passing and the Dow. I will most likely mingle and battle with the Dow for a few years before it can eventually break above and make it support. Then and only then should the next parabolic move from Bitcoin will follow. Update I also added the SPX just for good measure. We can see that Bitcoin did have a small interaction with it for 3 months before it ultimately broke above and then dropped within 26% at the bottom in 2018. Comparing the Bitcoin drop of the SPX to the Nasdaq is 28% this year, only 2% off, fairly close so far.... But is it over? I don't normally include so many indicators but to get a good indication without making many charts I though it would be necessary to gauge the market from Dow with multiple angles. I want to add that bitcoin could interact with these indices for a long time or permanently for all we know at this point. Thanks for viewing leave comments and or questions down below WeAreSat0shi
TVC:DJILong
by WeAreSat0shi
7
MOST DANGEROUS TRADING TRAIT!Most people talk about Fear and Greed being the barometers to failure... I think there is an underlying trait that is far superior which leads to ultimate account catastrophe. EGO. They just want to be right or they will have a hissy fit. They refuse to take a loss... They refuse to accept that the market is moving against you. They find ways to disagree with the market which gets them committing moe. They move their stop loss away further away - which means they risk more. Rinse and repeat - GONE. Cut out your ego or the markets will cut you out. Simple. Trade well, live free. Timon MATI Trader
JSE:J200Education
by Timonrosso
The fearless minds of strong men!Through out history men have done great things, so great that some are still not understood today in our modern advanced world. We tend to think they had less then us, (most likely true) maybe that's what made them great, the will to reach new heights. It's the unknown that they reached for for fearlessly. Most of the time reaching for nothing or too high. Through virtue and passing knowledge to one another while working together the steps to greatness have been achieved over time. In our modern world many things have changed but our senses remain the same. Fear still has the same effect on us, it makes us do irrational things. Decisions made under emotional distress has always led to the same results through out eternity. Another quality these men had was to go where others had not or dared not. Once again fear, fear of the unknown. Travelling the path less travelled. If the path is less travelled than by default there is more new things or ideas to discover. Having said all of this about conquering your fear and being bold, another thing all these great men had in common was preparation, organization and contingency plans with alternate strategies. Preparation and plans are tools to control your fears and emotions. This brings us to to Aristotle. Arguable one the greatest teachers of all time. He said "We are what we repeatedly do. Excellence, then, is not an act, but a habit." So... making small gains in investing is the longer march to victory. He also said "those who know, do. Those who understand teach." Aristotle taught Alexander on a face to face basis for approximately 7 years. Alexander then went out to find his destiny saying, "There is nothing impossible to him who will try." On to Julius Caesar and his famed glory, he always looked to match Alexander. Some of His famous quotes are "Without training, they lacked knowledge, without knowledge, they lacked confidence, without confidence, the lacked victory." Once again, preparation... with that preparation he was then led to say another famous quote, "I came, I saw, I conquered." Trading view understands this as well and they have the same outlook. "Look, then leap." This a climbing the mountain outlook. At the end of the day it's the same thing. Investing is very similar to preparing for battle or for a difficult climb. Investors are both your allies and enemies just like the terrain on a climb or the battle field . It's up to you to figure out and know when to push and when to retreat. Looking back at history can be insightful to say the least. When we look at charts we are looking at what has past before and look for the similar patterns. This too is not new knowledge (history repeating) it's age old information but a lot of people today are blind to it. King Salomon quote in ecclesiastic eludes to just this. "What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun." History is cyclical it always comes back around in some form or another. Another great quote from Salomon is " words kill, words give life, they're either poison or fruit... You choose." I have added the CM_Williams_VIX to the chart. On the monthly it has done some interesting patterns in the past, take a look. So... Choose your destiny, it's up to you. What ever road you choose... be blessed, if not one way, another, and always make the best of what comes your way. Thanks for looking WeAreSat0shi Stay Blessed!
BNC:BLXEducation
by WeAreSat0shi
1
Trading-Psychology: Fear & GreedFear & Greed Trading psychology is different for each trader, and it is influenced by the trader’s emotions and biases. The two main emotions that are likely to impact the success or failure of a trade are greed or fear. Greed is defined as the excessive desire for profits that could affect the rationality and judgment of a trader. A greed-inspired trade may involve buying stocks of untested companies because they are on the rise or buying shares of a company without understanding the underlying investment. Greed can also make a trader stay in a position for too long in an attempt to squeeze every event out of the trade. It is common at the end of a bull market when traders attempt to take on risky and speculative positions to profit from the market movements. On the other hand, fear is the opposite of greed and the reason why people exit a trade prematurely or refrain from taking on risky positions due to concerns of incurring losses. Fear makes investors act irrationally as they rush to exit the trade. It is common during bear markets, and it is characterized by significant selloffs from panic-selling. Fear and greed play an important role in a trader’s overall strategy and understanding how to control the emotions is essential in becoming a successful trader.
BITSTAMP:BTCUSDEducation
by JS_TechTrading
Trading-Psychology: Fear & GreedFear & Greed Trading psychology is different for each trader, and it is influenced by the trader’s emotions and biases. The two main emotions that are likely to impact the success or failure of a trade are greed or fear. Greed is defined as the excessive desire for profits that could affect the rationality and judgment of a trader. A greed-inspired trade may involve buying stocks of untested companies because they are on the rise or buying shares of a company without understanding the underlying investment. Greed can also make a trader stay in a position for too long in an attempt to squeeze every event out of the trade. It is common at the end of a bull market when traders attempt to take on risky and speculative positions to profit from the market movements. On the other hand, fear is the opposite of greed and the reason why people exit a trade prematurely or refrain from taking on risky positions due to concerns of incurring losses. Fear makes investors act irrationally as they rush to exit the trade. It is common during bear markets, and it is characterized by significant selloffs from panic-selling. Fear and greed play an important role in a trader’s overall strategy and understanding how to control the emotions is essential in becoming a successful trader.
BITSTAMP:BTCUSDEducation
by JS_TechTrading
🤖 #BTCLIVE - 29.09 🤖🤖 #BTCLIVE - 29.09 🤖 TLDR: Short-Term (-1 Day) 70:30- Bullish:Bearish Mid-Term (1 Week+) 40:60 Bullish:Bearish Long-Term (1 Month+) 60:40 - Bullish:Bearish OVERVIEW: All things looking relatively bullish over the next day or so for BTC - there is still some significant resistance to get through at $20.5k region with long term trendlines and high resistances volume. September close is notoriously bearish, so I still expect this to ring true. Expecting some very heavy volatility tomorrow with the options expiration. Ultimately my general thoughts are that we are going to track up to about $20.5k and then have a very heavy retracement from there - this could well extend well below $19k back to the $18.7k support. We are nearing the end of this daily Descending triangle so a big move is expected out of that, they are a a pretty bearish pattern and the weekly descending wedge also suggests that a $16k is still on the cards without invalidating the pattern. So in a nutshell don't commit too heavy to longs rn , we still need to break this 20DEMA in order to get any where and losing $19.1k and the 200EMA on the 1hr will likely see the start of the downward movement. TECHNICAL ANALYSIS: +BULLISH FACTORS: + Low overhead Volume to $20.5k + Flipped VWAP + FLIPPED 200 EMA 1H + Holding Daily Support + Bullish Divergence on the Daily + Descending Wedge on the Weekly + Volume is consolidating for breakout BEARISH FACTORS: - 20 DEMA proving tough resistance - Overbought Rejection on Local Resistance - Descending Triangle on the Daily + Local trendline resistance NEWS: Bull: + Senator Lummis calls out U.S. leaders to welcome Bitcoin as it ‘can’t be stopped’ +🇦🇪 UAE's Ministry of Economy opens headquarters in the #metaverse. + UK investors turn to Bitcoin as GBP weakens, new data shows cryptopanic.com Bear: - Gary Gensler Speaking today Volatility * Powell speaking today at 3.15pm UK time * Options expiration on tomorrow MARKET SENTIMENT: Fear & Greed Index - Sep 28, 2022: Today: 20 (Extreme Fear) Yesterday: 20 (Extreme Fear) Avg. 1W: 22 😱 Avg. 2W: 22 😱 Avg. 1M: 23 😱 Avg. 2M: 28 😱 Avg. 3M: 27 😱 Avg. 6M: 23 😱 Avg. 1Y: 32 😣 🔸 #Bitcoin Price: $19,116 24h Low: $18,903 24h High: $20,339 MC Change: -$1.2B (-0.3%) Dominance: 37.7% 24h: -0.4% 7d: -2.3% 14d: -14.4% 30d: -4.8% 60d: -19.8% 200d: -51.6% 1y: -55.9% $BTC #BTC @bitcoin #bitcoin
INDEX:BTCUSD
by Kryptochristian
3
🤖 #BTCLIVE - 20.09 🤖🤖 #BTCLIVE - 20.09 🤖 TLDR: Short-Term (-1 Day) 30:70- Bullish:Bearish Mid-Term (1 Week+) 65:35 Bullish:Bearish Long-Term (1 Month+) 70:30 - Bullish:Bearish OVERVIEW: There are a lot of bullish metrics popping up - although the majority of this weeks movement is going to be dictated by the interest rates on Weds. Is it going to be 75 or is it going to be 100. Ultimately 75 would be deemed somewhat bullish. 100 will absolutely sink the market - 50 would send it potentially to the moon although that is EXTREMELY unlikely, so don't get your hopes up. From a completely TA point of view there is quite a lot of the bullish sentiment gearing up for quite a big pump - this coupled with a high expectation of 82% 75 would suggest that a bullish close to the week is on the cards. Expecting a slight bearish close to the day leading into tomorrow with approx target of 18.7k where we could potentially see it hold and consolidate (most likely) and bounce from there to approx. $19.8 (The bottom of the weekly pivot) We are back below the 200EMA which has been a significant resistance although I do have a fair bit of conviction in the Inverse H/S. Losing the support at $18.7k could see a bit of a free fall to $18.2k and depending on the bearish volume taking out the support and buys then on to $17.6k although I think this will indicate some potential inside information about the interest rates being leaked. There fore shorting would not be bad idea up on losing $18.7k. TECHNICAL ANALYSIS: BULLISH FACTORS: + TD8 formed on the daily + Strong daily candle rejection + Approaching bottom of descending wedge on the Weekly + On Macro trendline support on the Weekly + Unconfirmed Divergence on the Weekly Support + Contrarian Reversal on the Weekly + Bullish Divergence on the Daily + Very bullish weekly pivot at 19.8k to 20.5k + Loose bullish H/S pattern in play + Strong buy orders at 18.8k + ABCD Harmonic on the 5min + Entering Oversold on the 1hr + Currently holding the future pivot support + Descending broadening wedge BEARISH FACTORS: - Bearish Daily POC at $18.4k - Broken Local support at $19.2k - Bearish Divergence on the 5min - Trading under the key DEMA's NEWS: Bull: + 75 BPS expected for Wednesday announcement which is not positive but "relatively" good for BTC + NASDAQ announced plans for a for bitcoin custody + Ripple Says XRP Owners Have no Rights or Contract So Token is Not A Security cryptopanic.com + #Binance has been granted a Minimal Viable Product license in Dubai. + CFTC commissioner visits Ripple offices as decision in SEC case looms cryptopanic.com Bear: - MicroStrategy has purchased an additional 301 #Bitcoin ($5.7 million). (Always causes market to dump) - Wintermute Loses $160M in Latest DeFi Hack cryptopanic.com - The Search For Do Kwon Intensifies As South Korean Prosecutors Ask Interpol To Issue Red Notice Against The Terraform Labs - SEC claims all Ethereum transactions fall under US jurisdiction because the nodes are "clustered more de… t.co - Indian crypto exchange CoinDCX's Twitter account has been hacked to post $XRP scam links. - Crypto promoter Ian Balina labels SEC charge ‘frivolous’, turns down settlement cryptopanic.com MARKET SENTIMENT: Fear & Greed Index - Sep 20, 2022: Today: 23 (Extreme Fear) Yesterday: 21 (Extreme Fear) Avg. 1W: 24 😱 Avg. 2W: 25 😱 Avg. 1M: 25 😱 Avg. 2M: 30 😱 Avg. 3M: 26 😱 Avg. 6M: 24 😱 Avg. 1Y: 32 😣 🔸 #Bitcoin Price: $19,549 24h Low: $18,421 24h High: $19,612 MC Change: $1.9B (0.5%) Dominance: 38.0% 24h: 0.6% 7d: -10.1% 14d: -2.2% 30d: -6.7% 60d: -16.1% 200d: -55.6% 1y: -59.5%
INDEX:BTCUSD
by Kryptochristian
🤖 #BTCLIVE - 13.09 🤖🤖 #BTCLIVE - 13.09 🤖 TLDR: Short-Term (-1 Day) 50:50- Bullish:Bearish Mid-Term (1 Week+) 35:65 Bullish:Bearish Long-Term (1 Month+) 90:10 - Bullish:Bearish OVERVIEW: Bitcoin showing strength although some big bear flags showing up with the ascending wedge, bearish weekly pivot and CME gap that have a high chance always of getting filled usually in the short term too. Additionally we are coming up to the Macro trendline resistance on the weekly which is going to be a huge marker if we breakout as it has been in place since November 2021. It is a likely a very large amount of volume is going to require to break out. This is possible depending on the CPI data that drops which is potential assumed to be bullish. This could help break out - although there is a lot of bearish factors weighing against it for at least a small retrace. Losing $22.2k would likely see a continuation down to the CME gap and weekly pivot regions with a top of $21.5k and a painful scenario at $20.2k. A bullish scenario would need to breakout above $23k for a good confirmation then it can pump as high as $25k. HOWEVER with all the news that is coming out this month with the merge, MT.Gox and multiple items in the economic calendar volatility is going to be high TECHNICAL ANALYSIS: BULLISH FACTORS: + Bullish Descending wedge on the Weekly + Oversold on the Weekly + Reversal signal on the Weekly + Hidden Divergence on the 1hr + Potential breakout incoming of the macro descending wedge BEARISH FACTORS: - Bearish untested Weekly Pivot and CME Gap as low as $20.2k up to $21.5k - Challenging Macro Trendline Resistance on the Weekly - Hitting key 22.6k resistance - Crossing down on HullMA - Rising wedge NEWS: Bull: + CPI data expected to be slightly positive + Fidelity rumoured to be shifting their retail customers in to Crypto soon + Russia's Prime Minister asks regulators to finalize regulations for cross-border #crypto payments. + Chamber Of Digital Commerce Calls Out The SEC, Argues The US Needs A Bitcoin ETF cryptopanic.com + Google Adds Ethereum (ETH) Merge Countdown Feature as Worldwide Interest Skyrockets cryptopanic.com Bear: - Sept 13: CPI data - Sept 15: $ETH merge expected sell off - Sept 16: Mt. Gox Claims Deadline - Sept 21: FOMC rate hike decision - Sept 22: $ADA Vasil Hardfork - New White House Report Suggests A Ban On Bitcoin Mining In The U.S. cryptopanic.com MARKET SENTIMENT: Fear & Greed Index - Sep 13, 2022: Today: 34 (Fear) Yesterday: 25 (Extreme Fear) Avg. 1W: 26 😱 Avg. 2W: 24 😱 Avg. 1M: 27 😱 Avg. 2M: 30 😱 Avg. 3M: 25 😱 Avg. 6M: 24 😱 Avg. 1Y: 32 😣 🔸 #Bitcoin Price: $22,336 24h Low: $21,578 24h High: $22,448 MC Change: $11.4B (2.7%) Dominance: 38.5% 24h: 2.7% 7d: 11.8% 14d: 13.6% 30d: -8.5% 60d: 10.4% 200d: -40.2% 1y: -50.6%
INDEX:BTCUSD
by Kryptochristian
🤖 #BTCLIVE - 18.08 - #IDEA 🤖🤖 #BTCLIVE - 18.08 - #IDEA 🤖 Snapshot: Short-Term 40:60- Bullish:Bearish Long-Term 60:40 - Bullish:Bearish Technical Analysis: Bullish Scenario: Breaking up on this bearish pennant will be helpful but more critically breaking back above $24k is where the price needs to be - If this can be achieved then a push to $25.3k at the upper range of the ascending wedge would be a target. Bearish Scenario: Breaking down on the bearish pennant will likely continue its move to $22.6k which is the slightly more expected scenario to occur here. Bullish Factors: + Still holding 50 DEMA support + Daily: Bullish Divergence + Daily: Incoming McFly + Exchange Reserve turned positive + Exchange Netflow Total turned positive + Active Addresses turned positive + Transactions turned positive Bearish Factors: - Flipping the 20 DEMA - Bearish Pennant Formed - Incoming Mcfly Signal - Consolidating Under Key Resistance - Lost Key Ascending Trendline Support to confirm breakdown of longer term ascending wedge - Weekly: Incoming McFly - Lost Key Support - Transfer Volume turned negative - Funding Rate turned negative Key News: Bull: + Crypto.com Business License Approved by UK Finance Watchdog (cryptopanic.com) + Australian convenience store chain with +170 locations now accepts #Bitcoin Bear: - #Bitcoin mining difficulty has increased by 0.63% to 28.35 trillion. - Ontario crypto exchanges impose $30K CAD annual limit on altcoin buys (cryptopanic.com) - Markets React to FOMC Meeting Minutes (cryptopanic.com) Metrics: Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. + Exchange Netflow Total - Net deposits on exchanges are low compared to the 7-day average. Lower deposits can be interpreted as lower selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. - Transfer Volume - The total number of coins transferred has decreased by -24.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has increased by 83.00% compared to yesterday. + Transactions - The total number of transactions has increased by 51.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives - Funding Rate - Short position traders are dominant and are willing to pay long traders. + Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. - Liquidation - 14032357.38 of short positions were liquidated in the last 24 hours. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend Last Value: 9,560,712,444.14 24H%: +3% 7D%: -4% Fear & Greed Index - Aug 18, 2022: Today: 30 (Fear) Yesterday: 41 (Fear) Avg. 1W: 42 😕 Avg. 2W: 38 😣 Avg. 1M: 35 😣 Avg. 2M: 26 😱 Avg. 3M: 21 😱 Avg. 6M: 25 😱 Avg. 1Y: 35 😣 🔸 #Bitcoin Price: $23,368 24h Low: $23,277 24h High: $24,439 MC Change: -$9.8B (-2.1%) Dominance: 38.4% 24h: -2.2% 7d: 0.7% 14d: 1.4% 30d: 12.2% 60d: 14.1% 200d: -38.3% 1y: -49.2%
by Kryptochristian
🤖 #BTCLIVE - 16.08 - #IDEA 🤖🤖 #BTCLIVE - 16.08 - #IDEA 🤖 Snapshot: Short-Term 20:80- Bullish:Bearish Long-Term 60:40 - Bullish:Bearish Technical Analysis: Bullish Scenario: Consolidating below key resistance at $24.2k - we have to get above this and consolidate above or pump through with big volume to test $25k - this will require additional huge volume to break through given the previous heavy rejections. Breaking $25k and either consolidating above or confirmed retest then $27k and $30k will be the targets Bearish Scenario: More likely scenario rn, consolidating below key resistance with volume diminishing a big move is expected with the first stop being $23.5k breaking through and retesting will probably confirm $22.7k and max pain here would be likely be $20k region at the bottom of the macro channel/range. There is an ultra bearish macro descending wedge that can see a possible $16k come in if it plays out although this would require some elevated FUD to drive down that far. Bullish Factors: Bullish Factors: + Long term trend support + Bullish Divergence + Bullish CME Gap + 20 and 50 DEMA lying in support Bearish Factors: - Consolidating under key Resistance - Under all EMA's and testing the 200EMA - Exhaustion on the Daily - TD6 on the Weekly - McFly Incoming on the Weekly - Wave Peak on the Daily - Active Addresses - The total number of active wallets used to send and receive coins has decreased by 15 .00% compared to yesterday. - Transactions - The total number of transactions has decreased by -12.00% compared to yesterday. Key News: Bull: + ETH Merge causing bullish sentiment market wide + 💥Revolut gets approval to offer #Bitcoin and crypto in the European Economic Area. + Fed Reveals Guidelines for Crypto Banks Who Want to Open ‘Master Accounts’ (cryptopanic.com) Bear: - Huobi #crypto exchange has announced that it will suspend derivatives trading in New Zealand. - Bear Market Rally Google Searches almost at an ATH Metrics: Exchange - Exchange Reserve - As the exchange reserve continues to rise, it indicates higher selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. + Transfer Volume - The total number of coins transferred has increased by 9.00% compared to yesterday. - Active Addresses - The total number of active wallets used to send and receive coins has decreased by 15 .00% compared to yesterday. - Transactions - The total number of transactions has decreased by -12.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives + Funding Rate - Long position traders are dominant and are willing to pay to short traders. + Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend - Last Value: 9,142,523,051.97 24H%: -8% 7D%: -9% - Liquidation - 15823977.54 of short positions were liquidated in the last 24 hours. Fear & Greed Index - Aug 16, 2022: Today: 44 (Fear) Yesterday: 45 (Fear) Avg. 1W: 42 😕 Avg. 2W: 37 😣 Avg. 1M: 34 😣 Avg. 2M: 25 😱 Avg. 3M: 20 💩 Avg. 6M: 24 😱 Avg. 1Y: 35 😣 🔸 #Bitcoin Price: $24,176 24h Low: $23,848 24h High: $25,093 MC Change: -$2.7B (-0.6%) Dominance: 38.4% 24h: -0.6% 7d: 4.2% 14d: 3.4% 30d: 16.3% 60d: 7.3% 200d: -34.4% 1y: -48.7%
by Kryptochristian