Bitcoin Scalp Signal for Day Trading🖥️ We have determined there is a 70% chance Bitcoin will Rise from our current entry point.
📉 LONG - BTC : $20,000 📉
💵 Length of trade: we are expecting BTC to hit a 300 scalp, with a high end of 400, and a minimum expectation of $200.
🕰️ Duration of trade: we are expecting this to occur in 4.5 hours of this signal; having a possibility of the Min. Profit Target being hit with a fast spike under 2 hours. Then we see a maximum duration of 9 hours .
📊🖥️ Indicator Shown on Chart : Scot Signal Indicator
NEWS
Bitcoin Day Trading Setups, Scalp Entries🖥️ We have determined there is a 60% chance Bitcoin will Fall from our current entry point.
📉 SHORT - BTC : $20,385 📉
💵 Length of trade: we are expecting BTC to hit a 250 scalp, with a high end of $500, and a minimum expectation of $185.
⤵️ We Feel BTC will back test the 50 EMA on the 15 minute chart, $20,105
🕰️ Duration of trade: we are expecting this to occur in 6 hours of this signal; having a possibility of the Min. Profit Target being hit with a fast spike under 2 hours. Then we see a maximum duration of 12 hours .
📊🖥️ Indicator Shown on Chart : Scot Signal Indicator
Daily Candles on AMCDon't shoot the messenger. I am not a professional.
I think you are going to see a breakdown of AMC to about $6.15. The last three candles on the chart is a bearish formation, it recently broke its trendline and there is no buying volume. It is at a heavy resistance at around $9.70.
There is also the subject of parity with APE. Where the 2 prices meet in the middle and trade together. APE is very low right now and if there is a parity it would most likely be in the $6.50 range.
All opinions are welcome!
🤖 #BTCLIVE - 30.08 🤖🤖 #BTCLIVE - 30.08 🤖
TLDR:
Short-Term (<1 Day)
40:60- Bullish:Bearish
Mid-Term (<1 Week)
50:50
Bullish:Bearish
Long-Term (1 Month
80:20 - Bullish:Bearish
TECHNICAL ANALYSIS:
Alot of interesting data at the moment, in the short-term everything is looking quite stretched and oversold most notably with an ascending wedge forming, along with a few sell signals on resistance, we will need some volume to break up out of this at the moment it is holding, I am leaning quite bearish in the short term due to this with a break down of the triangle to potentially 19.5k - 19.8k area of support. A break up however will move to $21.7k with little resistance in the way.
The long term however is a different story with some big bullish signals showing now most notably the contrarian reversal signal on the weekly for alpha prime sat on a macro trendline support, this coupled with the newly formed descending wedge on the daily is telling me we are not far off an imminent push up over the next 4 weeks, this could be the start....bull rally loading!
Otherwise coming to the end of the consolidation now so biggish move expected.
Technical Analysis Bullish Factors:
+ Wave Dip buy signal on the daily (very strong)
+ Contrarian Reversal on the Weekly on Macro Trendline
+ Descending Wedge on the 1D
+ Wave Dip Buy Forming on the 1Day
Technical Analysis Bearish Factors:
- Head & Shoulders on the 5min
- Pullback signal on the 1hr
- Wave trend Oversold on 1hr
- Peak Signal on the Alpha Wave on 1hr
- Weekly Pivot Filled
- CME Gap filled
- 200 EMA resistance
- Under key resistance
- Ascending Wedge
NEWS:
Bull:
+ Iran passes law enabling Bitocin and crypto payments for imports
cryptopanic.com
+ Indonesia's biggest tech company, GoTo, just bought a Bitcoin exchange.
+ Qatar grants the country's first digital payments services license to iPay.
+ Singapore High Court grants #crypto lender Holdnaut protection from investors.
+ 7,507 $BTC ($151 million) has been taken off exchanges in the last 7 days.
+ The whales addresses controlling 1k to 10k BTC are starting to accumulate coins on-chain
Bear:
- Chinese police arrest over 200 people linked to one of the country’s largest banking scandals ever.
- FBI issues #DeFi crypto vulnerabilities warning.
METRICS (Last 24 hours):
EXCHANGE:
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower 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.
Moderately selling
Last Value:
-0.90908933
24H%:
-10%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.5305056
24H%:
-2%
ON-CHAIN:
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
Realizing loss
Last Value:
0.99056737
24H%:
-1%
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
Low long-term holders' movement
Last Value:
0.28571428
24H%:
+100%
- Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure.
Captulation
Last Value:
-0.05740991
24H%:
-35%
- Transfer Volume - The total number of coins transferred has decreased by -36.00% compared to yesterday.
TURNED POSITIVE +
+ Active Addresses - The total number of active wallets used to send and receive coins has increased by 19.00% compared to yesterday.
TURNED POSITIVE +
+ Transactions - The total number of transactions has increased by 24.00% compared to yesterday.
INVESTOR SENTIMENT
TURNED POSITIVE +
+ 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.
Last Value:
-0.00450709
24H%:
+101%
+ Taker Buy Sell Ratio - Buying sentiment is dominent in the derivatives market. More buy orders are filled by takers.
Buy:
0.53551546
Sell:
0.46448454
/ 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:
8,591,474,245.29
24H%:
0%
7D%:
+1%
+ Liquidation - 19857239.24of short positions were liquidated in the last 24 hours.
Long:
3,734,557.07
Short:
19,857,239.24
MARKET SENTIMENT:
Fear & Greed Index - Aug 30, 2022:
Today: 27 (Fear)
Yesterday: 24 (Extreme Fear)
Avg. 1W: 26 😱
Avg. 2W: 29 😱
Avg. 1M: 33 😣
Avg. 2M: 29 😱
Avg. 3M: 23 😱
Avg. 6M: 24 😱
Avg. 1Y: 33 😣
🔸 #Bitcoin
Price: $20,327
24h Low: $19,617
24h High: $20,385
MC Change: $12.0B (3.2%)
Dominance: 37.7%
24h: 3.4%
7d: -6.0%
14d: -16.4%
30d: -14.8%
60d: 1.1%
200d: -54.2%
1y: -58.5%
Etherum 2.0 is COMING... More DetailsHello friends
So finally we will ee ETH 2.0 as soon as posibble.
I want to explain more details about MERGE upgrade
and launch day.
then have a look at some NEWS about ETH 2.0.
lets see again whats Etherum 2.0 and MERGE upgrade?
Ethereum will move from a proof-of-work consensus mechanism to a proof-of-stake blockchain known as MERGE
Right now Ethereum uses the same consensus mechanism as Bitcoin known as proof of work.
This requires miners to validate transactions and keep the network secure.
It is slow, costly, and uses large amounts of energy by design.
Proof of stake is different because it gets rid of miners altogether and uses validators
(people who “stake”—or lock-up—Ethereum to keep the network secure and running).
After the upgrade the only way to create new ETH will be to stake pre-existing ETH on the network
which analysts expect could have a deflationary impact on the cryptocurrency.
Moving to proof of stake will then make Ethereum “99% more energy efficient.
Ethereum Merge expected between 10 and 20 September.
Now lets check some HOT news about this happening:
22 August 2022: CME Group to launch Ethereum options prior to ETH 2.0 Merge
17 August 2022: Coinbase pausing ETH deposits during Merge is ‘not significant’
12 August 2022: Ethereum Merge to take place 15/16 September after Goerli success
I hope this upgrade be successful and after that Vitalik can go ahead
SHARDING mechanism...
More incredible things will be happpen...
just BE patient...
Share me your opinion about this article.
are you like this type of atticles???
so let me know..
thanks
🤖 #BTCLIVE - 27.08 🤖🤖 #BTCLIVE - 27.08 🤖
TLDR:
Short-Term (<1 Day)
60:40- Bullish:Bearish
Mid-Term (<1 Week)
60:40
Bullish:Bearish
Long-Term (1 Month
70:30 - Bullish:Bearish
TECHNICAL ANALYSIS:
There are surprisingly a decent amount of bullish factors in play although there is a much larger bearish sentiment at play with Jerome Powells words still resonating and the additional FUD from the MT Gox Fake News turned the market bot below $20k Bitocin price and also below the critical $1T mark. In a macro sense on the 1 week chart the max pain price at the lower end of the descending wedge is looking a potential $16k which is looking a lot more realistic now that a week ago.
Currently it is a tough call with us sat right on $20k although leaning slightly towards losing it over the next 24 hours for some contuned pain for the bulls - It is looking like we will track down in this channel to around $19.6k before the next bounce or dump to a bigger bear target of $18.8k is still on the cards. Although we do see some quite unusual activity on Sunday's and a jump up out of this channel can also jump to $20.5k could be very realistic if only short lived.
Technical Analysis Bullish Factors:
+ Untested Daily POC line at $20.1k
+ Untested Weekly Pivot
+ Bullish Divergences coming in
+ Descending channel
+ New Weekly Pivot will likely be untested too at $20.5k region
Technical Analysis Bearish Factors:
- Lower Low
- Broke $20k support - big support
- Below all EMA's ad DEMA's
NEWS:
Bull:
+ Mt Gox news turned out to be fake
Bear:
- Fake Mt Gox Repayment News spread on Crypto Twitter, possible instigation of FUD
🤖 #BTCLIVE - 26.08 - #IDEA 🤖🤖 #BTCLIVE - 26.08 - #IDEA 🤖
TLDR:
Short-Term (<1 Day)
60:40- Bullish:Bearish
Mid-Term (<1 Week)
50:50
Bullish:Bearish
Long-Term (1 Month
70:30 - Bullish:Bearish
TECHNICAL ANALYSIS:
There is simply no way of calling this right now - ultimately leading into the weekend with a good bit of bearish sentiment from Jerome Powell is not ideal although there has been some huge support come in and alot of technical bullish factors. Although ultimately unless we get back above $21.6k then things are expected to be quite bearish for the weekend at least, general targets are largely unchanged at $20.8k and then $20k for a bearish turn and then if we can get back above $21.5k then looking at $22.6k targets, but for the most part its looking like Jerome Powells speech is carrying more weight than the support TA data.
Technical Analysis Bullish Factors:
+ Semi-Bullish Info from the Fed
+ Huge bearish rejection
+ Multiple Bullish Divergences
+ Almost back in the macro channel
+ DXY dropping
+ Bullish Weekly Pivot
+ MFI Turning bullish
Technical Analysis Bearish Factors:
- Just trading under key local resistance
-Rejection from the 200EMA
+ Jerome Powell dropping some bearish sentient "US economy should brace for some pain"
NEWS:
Bull:
+ PCE
MoM: -0.1%
MoM Est. 0.0%
Core PCE MoM: 0.1%
Core MoM Est. 0.2%
This is good
+ Fed's Bostic says he's leaning toward a 0.50% interest rate hike in September.
+ Fed’s Bostic says he doesn’t have a recession built into forecast.
Bear:
- FED Chair Jerome Powell says US economy should brace for "some pain."
METRICS (Last 24 hours):
Bull
Bear
- Liquidations turned negative
EXCHANGE:
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower 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.
Moderately selling
Last Value:
0.17605995
24H%:
-122%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.57686097
24H%:
+10%
ON-CHAIN:
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
Realizing loss
Last Value:
0.98629807
24H%:
0%
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
Low long-term holders' movement
Last Value:
0
24H%:
-
- Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure.
Captulation
Last Value:
-0.00280923
24H%:
-182%
+ Transfer Volume - The total number of coins transferred has increased by 69.00% compared to yesterday.
+ Active Addresses - The number of active wallets used to send and receive coins has increased by 108.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 163.00% compared to yesterday.
INVESTOR SENTIMENT
- Coinbase Premium - US investors' buying pressure is relatively weak 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.
Last Value:
-0.00002718
24H%:
-96%
+ Taker Buy Sell Ratio - Buying sentiment is dominent in the derivatives market. More buy orders are filled by takers.
Buy:
0.50461154
Sell:
0.49538846
/ 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:
8,512,473,517.51
24H%:
-1%
7D%:
+1%
- Liquidation -12817135.07 of short positions were liquidated in the last 24 hours.
Long:
12,817,135.07
Short:
7,369,912.23
MARKET SENTIMENT:
Fear & Greed Index - Aug 26, 2022:
Today: 27 (Fear)
Yesterday: 25 (Extreme Fear)
Avg. 1W: 27 😱
Avg. 2W: 34 😣
Avg. 1M: 34 😣
Avg. 2M: 28 😱
Avg. 3M: 22 😱
Avg. 6M: 25 😱
Avg. 1Y: 34 😣
🔸 #Bitcoin
Price: $21,616
24h Low: $21,375
24h High: $21,768
MC Change: $4.3B (1.1%)
Dominance: 38.0%
24h: 1.0%
7d: -7.5%
14d: -9.7%
30d: 1.8%
60d: 2.7%
200d: -49.1%
1y: -55.9%
Prediction for Jackson Hole (Fed) Announcement 🏛️ Chairman Powell will be speaking Friday 10am EST.
Leading up to these speeches, BTC has fallen ↘️ then rose strongly ⬆️
We like BTC for more upside, but there could be some regression leading up to this event.
If Powell says something unexpected, it will lead BTC & Equities to fall heavily for the weekend.
🕊️ - WE PERSONALLY FEEL - 🕊️
Powell will speak more softly on the economic state. Leading to a strong outcome for BTC & Equities
STEP 2 to MASTER TRADING: what to do with the NEWS. NEWS BRING TERRIBLE TRADING CONDITIONS
During release, spread is all over the place, in addition you can easily miss the fill. So actually worst time you can enter a position is on a release itself, hoping price will rise or fall. But usually, price will make massive moves up and down, liquidating hopeful "news traders" before going in either of direction. So next time when you will regret you were not involved in the news move, just remember that you would not have a good entry point anyway.
PRICE CAN GAP BELOW YOUR STOPLOSS
Another really important thing to keep in mind is that very often during red news, price can momentarily and significantly gap, and now instead of your breakeven or usual -1RR, you'll have -2 or -3RR, and what's worse - you'll have a big drawdown in your emotional capital.
ILLUSION OF UNDERSTANDING
Sometimes beginners, and even advanced traders, fall into this illusion. Someone reads 5 articles about a specific news type, and now begins to think they understand how the news will effect the market.
In reality, each trading instrument is effected by hunderds of factors, and anyone who wants to understand them, should spend months, even years with that one instrument, learning literally everything about it and what effects it. Everything else is just gambling or being naive.
EFFECT HAPPENS BEFORE THE RELEASE
If you've being familiar with smart money or institutional trading, ideas of Wyckoff, you'll know that institutions position themselves long time before news release, during accumulations and distributions. Market structure gets established long before actual realease, and what news do are just producement of sporadic moves, grabs of liquidity and easy manipulations. But only 0.01% of news actually change pre-established structure and starts a new trend, big picture doesn't change because of news. What actually starts a move and a trend are accumulations and distributions, and news really can be a part of it, but only a small part.
SO WHAT TO DO ABOUT THE NEWS?
1. Check red news releases during your day. Don't enter 15-30 min. before and after the news.
2. If you're already in a trade, and price came relatively close to your entry, it's better to close out the position now, because remember that price can gap below your stoploss.
3. If you're positioned in profit significantly away from the price, leave the position open.
So to recap everything above, you need to trade YOUR SYSTEM, YOUR EDGE - for me it's structure, SnD and confirmations - but also we need to acknoledge the short term chaotic news effect, and use our knowledge to manage risk and that's all.
Hope this post give you better understanding what should you do in order to become a successful trader.
I will be grateful if you support this post by smashing the BOOST button and sharing it with other traders. Thank you!
Dima
🤖 #BTCLIVE - 25.08 - #IDEA 🤖🤖 #BTCLIVE - 25.08 - #IDEA 🤖
TLDR:
Short-Term (<1 Day)
60:40- Bullish:Bearish
Mid-Term (<1 Week)
60:40
Bullish:Bearish
Long-Term (1 Month
60:40 - Bullish:Bearish
TECHNICAL ANALYSIS:
There is quite alot of factors pointing towards a bshort-term bullish move, broadening wedge on the short term and the bullish symmetrical triangle to suggest a little pump. Mainly I am looking at the bullish divergence that is in play, they have been extremely reliable in this past week. The DXY is dropping still too which is always bullish. There is additionally some nice bullish news floating around to help stop the fear. I think if we can hold $21k over the next 12-24 hours we should break up with an initial target of $22.5k
The bearish scenario here is simply losing $21k will be bad news , very quickly to support at $20.7k and given its proximity will likely not hold seeing a very likely $20k and maybe lower for the weekend.
Technical Analysis Bullish Factors:
+ Short Term Broadening wedge
+ Mid Term Symmetrical Triangle with bullish entry
+ Bullish Weekly Pivot
+DXY is still dropping
+ Bullish Divergence
Technical Analysis Bearish Factors:
- Slightly Bearish Options expiration expectations over next couple of days
- 200EMA is coming in hot
NEWS:
Bull:
+ Zero fee ETH trading - naturally bring new blood into the market
+ Russia & India no longer need the US Dollar
www.rt.com
+ Amendments to US commercial code differentiate crypto and ‘electronic money’ (cryptopanic.com)
+ Intel has struck $30B deal to build a new chip factory - part of which will be used to build #Bitcoin mining chips. 🙌
Bear:
- Options Expiry incoming - volatility definitely leaning slightly bearish
- Bitcoin price in limbo as Fed Chair prepares to address global central bankers (cryptopanic.com)
METRICS (Last 24 hours):
Bull
+ Active addresses turned positive
+ Transfer Volume turned positive
Bear
-
EXCHANGE:
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower 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.
Moderately selling
Last Value:
-0.81844147
24H%:
-7%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.52463076
24H%:
-15%
ON-CHAIN:
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
Realizing loss
Last Value:
0.98362702
24H%:
0%
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
Low long-term holders' movement
Last Value:
0
24H%:
-
- Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure.
Captulation
Last Value:
-0.00132546
24H%:
-422%
- Transfer Volume - The total number of coins transferred has decreased by -9.00% compared to yesterday.
+ Active Addresses - The number of active wallets used to send and receive coins has increased by -40.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by -52.00% compared to yesterday.
INVESTOR SENTIMENT
- Coinbase Premium - US investors' buying pressure is relatively weak 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.
Last Value:
-0.00064535
24H%:
-82%
+ Taker Buy Sell Ratio - Buying sentiment is dominent in the derivatives market. More buy orders are filled by takers.
Buy:
0.53838772
Sell:
0.46161228
/ 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:
8,461,545,292.51
24H%:
-3%
7D%:
-11%
+ Liquidation -6168430.89 of short positions were liquidated in the last 24 hours.
Long:
6,168,430.88
Short:
5,432,935.55
MARKET SENTIMENT:
#BOTPARTY
Assign your Max Active Deals based on the 7 Day Fear & Greed Average Accordingly.
F&G Filter:
0 - 20 - 100% Max Active Deals
20 - 40 - 80% Max Active Deals
40 - 60 - 60% Max Active Deals
60 - 80 - 40% Max Active Deals
80 - 100 - 20% Max Active Deals
Fear & Greed Index - Aug 25, 2022:
Today: 25 (Extreme Fear)
Yesterday: 25 (Extreme Fear)
Avg. 1W: 28 😱
Avg. 2W: 35 😣
Avg. 1M: 34 😣
Avg. 2M: 28 😱
Avg. 3M: 22 😱
Avg. 6M: 25 😱
Avg. 1Y: 34 😣
🔸 #Bitcoin
Price: $21,394
24h Low: $21,211
24h High: $21,800
MC Change: -$2.8B (-0.7%)
Dominance: 38.1%
24h: -0.7%
7d: -10.5%
14d: -7.8%
30d: -5.4%
60d: 0.6%
200d: -48.7%
1y: -56.8%
🤖 #BTCLIVE - 24.08 - #IDEA 🤖🤖 #BTCLIVE - 24.08 - #IDEA 🤖
TLDR:
Short-Term (<1 Day)
80:20- Bullish:Bearish
Mid-Term (<1 Week)
50:50
Bullish:Bearish
Long-Term (1 Month
60:40 - Bullish:Bearish
TECHNICAL ANALYSIS:
There is alot pointing towards a bullish move here, most notably the ascending triangle pattern, the perceived incoming rejection for DXY, USDT Dominance breaking down on pennant and ALT market cap showing a bull flag. All of these factors are suggesting some bullish pressure to come in. BTC is holding its local trendline support and formed a new ascending trendline support. There is still a huge macro trendline resistance to breakthrough which means this push will not likely be sustained but targets of $22k - $23k seem quite achievable. There incoming 20 DEMA and 200 EMA is not ideal. There is also finally some nice well spread out and consistent bullish news circulating with strong applications to money into market that further enhances a break up chance.
On the bear side, a break down of around $21.2k would be really bad news for bulls and the same old targets of $20.8k down to $20k are what will be looking realistic in the short term.
Otherwise coming to the end of the consolidation now so biggish move expected.
Technical Analysis Bullish Factors:
+HullMA is turning bullish
+ USDT Dominance broken down on pennant
+ Alt Market Cap in a bull flag
+ Holding local trend support
+ DXY looking like a big rejection incoming
+ Bullish Weekly Pivot
+ Ascending Triangle formed
Technical Analysis Bearish Factors:
- 200EMA Resistance incoming
- 20 DEMA Resistance incoming
- Weekly Bearish McFly
NEWS:
Bull:
+ Zero fee ETH trading - naturally bring new blood into the market
+ Sullivan Bank has partnered with Bakkt to offer #Bitcoin and #Ethereum trading for customers.
+ Valour’s Binance Coin ETP to start trading on Germany’s largest stock exchange (cryptopanic.com)
+ Mastercard CEO says they’re working with Binance to let people spend crypto at more than 90,000,000 stores… (cryptopanic.com)
+ Malaysia's largest independent Investment Bank is developing a super-app with #Bitcoin trading!
Bear:
- Kucoin security breach
METRICS (Last 24 hours):
Bull
+
Bear
- Funding Rate turned negative
EXCHANGE:
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower 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.
Moderately selling
Last Value:
-0.88430103
24H%:
+6%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.61491857
24H%:
+20%
ON-CHAIN:
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
Realizing loss
Last Value:
0.98419828
24H%:
+1%
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
Low long-term holders' movement
Last Value:
0
24H%:
-
- Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure.
Captulation
Last Value:
-0.00900459
24H%:
-43%
- Transfer Volume - The total number of coins transferred has decreased by -78.00% compared to yesterday.
- Active Addresses - The number of active wallets used to send and receive coins has decreased by -20.00% compared to yesterday.
- Transactions - The total number of transactions has decreased by -23.00% compared to yesterday.
INVESTOR SENTIMENT
- Coinbase Premium - US investors' buying pressure is relatively weak 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.
Last Value:
-0.00641179
24H%:
-1,543%
+ Taker Buy Sell Ratio - Buying sentiment is dominent in the derivatives market. More buy orders are filled by takers.
Buy:
0.55464148
Sell:
0.44535852
/ 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:
8,572,156,239.51
24H%:
+1%
7D%:
-8%
+ Liquidation - 9109325.51 of short positions were liquidated in the last 24 hours.
Long:
8,308,068.08
Short:
9,109,325.51
MARKET SENTIMENT:
Fear & Greed Index - Aug 24, 2022:
Today: 25 (Extreme Fear)
Yesterday: 28 (Fear)
Avg. 1W: 29 😱
Avg. 2W: 36 😣
Avg. 1M: 35 😣
Avg. 2M: 27 😱
Avg. 3M: 22 😱
Avg. 6M: 25 😱
Avg. 1Y: 34 😣
🔸 #Bitcoin
Price: $21,541
24h Low: $20,955
24h High: $21,618
MC Change: $3.9B (1.0%)
Dominance: 38.1%
24h: 0.6%
7d: -10.9%
14d: -9.6%
30d: -4.3%
60d: 2.1%
200d: -41.9%
1y: -56.3%
🤖 #BTCLIVE - 23.08 - #IDEA 🤖🤖 #BTCLIVE - 23.08 - #IDEA 🤖
TL:DR:
Short-Term (<1 Day)
60:40- Bullish:Bearish
Mid-Term (>1 Day)
40:60
Bullish:Bearish
Long-Term (1 Month
60:40 - Bullish:Bearish
TECHNICAL ANALYSIS:
Testing the underside of the Macro channel is the key issue here as we are slowly confirming this long term bear flag - although trendlines can be quite subjective so we may also be slightly on the inside of it and holding support either way there is consolidation occurring and a biggish move will be incoming. The encouraging bullish factors are the triple bottom on the short term with divergences and also the TD7 now forming on the daily. We have a natural cross section for a target at $22k with psych. resistance, bottom of the weekly pivot likely where the 200EMA on the 1hr and the topside of the broad. wedge pattern trendline. We are seeing some pushes and volume coming in, not a huge amount but enough to break this local resistance. Notably also there are no significant sell orders on the books. I feel this will be a target and either a big rejection back to the lower of the broad. wedge at similar levels to where we are at now or a potential huge breakout. which would put a target like $23.6k in our sights.
A rejection here would be pretty brutal and could put us on the path to $20k and then ultimately $18.8k. We seem to be surprisingly light on news and especially FUD which is pretty unexpected, there is some announcements coming on Friday (PCE Price Index) that could shape the next week although it is not dependant on this just a catalyst.
Bullish Factors:
+Bullish Divergences
+ Flipped 20 and 50 EMA
+ Short Term Triple Bottom Pattern
+ Hull MA has flipped bullish
+ MFI is showing bullish signs
+ TD7 in play on the daily
+ Unfilled Bullish weekly Pivot
+ Hash Ribbon Buy Signal
Bearish Factors:
- Struggling to break the local resistance
- Still trading under the macro channel
- Trading under the 20, 50 and 200 DEMA and 200 EMA
- McFly on Weekly
- Rejected from upper Macro descending wedge trendline
NEWS:
Bull:
+ #Crypto exchange Huobi has been granted a money services business registration license in Canada.
+ EURO is at a 20 year low against the Dollar
+ Crypto.com has been granted a SOC 2 Type II certification.
Bear:
- EURO is at a 20 year low against the Dollar
- One-third of estimated 115M Indian crypto users concerned about regulations
cointelegraph.com
METRICS (Last 24 hours):
Bull
+ Taker Buy Sell Ratio turned positive
+ Liquidation turned positive
Bear
- Transfer Volume turned negative
- Active Addresses turned negative
- Transactions turned negative
EXCHANGE:
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower 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.
Moderately selling
Last Value:
-0.83540481
24H%:
+6%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.51428537
24H%:
-1%
ON-CHAIN:
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
Realizing loss
Last Value:
0.9727934
24H%:
-2%
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
Low long-term holders' movement
Last Value:
0
24H%:
-
- Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure.
Capitulation
Last Value:
-0.01028571
24H%:
-59%
- Transfer Volume - The total number of coins transferred has decreased by -41.00% compared to yesterday.
- Active Addresses - The number of active wallets used to send and receive coins has decreased by -18.00% compared to yesterday.
- Transactions - The total number of transactions has decreased by -9.00% compared to yesterday.
INVESTOR SENTIMENT
- Coinbase Premium - US investors' buying pressure is relatively weak 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.
Last Value:
0.00137447
24H%:
-290%
+ Taker Buy Sell Ratio - Buying sentiment is dominent in the derivatives market. More buy orders are filled by takers.
Buy:
0.53247521
Sell:
0.46752479
+ Liquidation - 15933087.29 of short positions were liquidated in the last 24 hours.
Long:
10,784,253.12
Short:
15,933,087.28
/ 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:
8,514,395,337.34
24H%:
+1%
7D%:
-7%
MARKET SENTIMENT:
Fear & Greed Index - Aug 23, 2022:
Today: 28 (Fear)
Yesterday: 29 (Fear)
Avg. 1W: 31 😣
Avg. 2W: 37 😣
Avg. 1M: 35 😣
Avg. 2M: 27 😱
Avg. 3M: 22 😱
Avg. 6M: 25 😱
Avg. 1Y: 34 😣
🔸 #Bitcoin
Price: $21,413
24h Low: $20,961
24h High: $21,553
MC Change: -$5.2B (-1.3%)
Dominance: 38.3%
24h: -0.6%
7d: -11.9%
14d: -7.7%
30d: -5.7%
60d: 7.2%
200d: -42.1%
1y: -56.2%
🤖 #BTCLIVE - 22.08 - #IDEA 🤖🤖 #BTCLIVE - 22.08 - #IDEA 🤖
TL:DR:
Short-Term (<1 Day)
60:40- Bullish:Bearish
Mid-Term (>1 Day)
30:70
Bullish:Bearish
Long-Term (1 Month
80:20 - Bullish:Bearish
TECHNICAL ANALYSIS:
Bounce nicely off this new trendline that is forming at $20.9k after break down of the ascending wedge to start to a new ascending broadening wedge - although it is in a downtrend here, these are historically pretty bearish. We have just formed a nice bullish divergence as well. With these 2 factors TA wise is looking like a potentially rise to the top end of this new Broad.Asc.Wedge which puts us at $21.9k on the nose. This is also the bottom of the Weekly pivot and notably where alot of new Sell Orders are sitting "coincidentally". It is looking like we might see some bullish relief to these levels before the next big rejection which would likely be to $21k and possibly lower if it breaks through, to about 20.7k and then $20k.
If we lose $21k again from here then this could spell very bad news for bulls and see $20k very quickly - which deeper targets down to potentially $18.5k region.
On a macro level I feel we are reaching the last phase of this bear cycle. with a preferred path of slow down ward consolidation to approx 18.5k before a huge pump up - which would be a very similar scene to the Jan 19 bear exit. This would coincide quite nicely with the DXY coming up to key resistance and a potential big rejection.
Bullish Factors:
+ Bullish Weekly Pivots sitting between $22k to $23k
+ Similar looking pattern on the daily to Jan 2019 that formed the end of the bearish phase.
+ Still holding the $20.7k support
+ Bullish Divergence in play
Bearish Factors:
-Broken down on ascending wedge, bounced and on retest
- Showing same pattern from 18th August that broke down
- Rejected from the 20 and 50 EMA
- Forming an ascending broadening wedge in down trend - bearish
- Challenging the $21.4k resistance
- Large Sell orders at $21.4k and $21.9k
NEWS:
Bull:
+ A new UK Bill can bring crypto into the scope of local payment regulation
+ Breaking: Ethereum Merge Officially Starts, Client Releases Bellatrix And Mainnet Update
bit.ly
+ US, Ukraine, and UK lead in overall use of crypto globally, new study reveals (cryptopanic.com)
Bear:
- Bored Apes Approaching Mass Liquidation On BendDAO, Can This Crash Entire NFT Market?
- Euro falls equivalent to the US Dollar for the second time this year.
METRICS (Last 24 hours):
Bull
+ Transfer Volume turned positive
+ Funding Rate turned positive
Bear
- Coinbase Premium turned negative
- Taker Buy Sell Ratio turned negative
EXCHANGE:
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower 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.
Moderately selling
Last Value:
-0.7857449
24H%:
+3%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.51784085
24H%:
-1%
ON-CHAIN:
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
Realizing loss
Last Value:
0.9940512
24H%:
+1%
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
Low long-term holders' movement
Last Value:
0
24H%:
-
- Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure.
Captulation
Last Value:
-0.0212289
24H%:
+48%
+ Transfer Volume - The total number of coins transferred has increased by +178.00% compared to yesterday.
+ Active Addresses - The total number of active wallets used to send and receive coins has increased by 15.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 7.00% compared to yesterday.
INVESTOR SENTIMENT
- Coinbase Premium - US investors' buying pressure is relatively weak 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.
Last Value:
0.00074996
24H%:
-109%
- Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers.
Buy:
0.489591
Sell:
0.510409
- Liquidation - 12551393.40 of long positions were liquidated in the last 24 hours.
Long:
12,551,393.39
Short:
9,587,725.04
/ 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:
8,422,356,344.99
24H%:
-1%
7D%:
-8%
MARKET SENTIMENT:
Fear & Greed Index - Aug 22, 2022:
Today: 29 (Fear)
Yesterday: 27 (Fear)
Avg. 1W: 33 😣
Avg. 2W: 38 😣
Avg. 1M: 35 😣
Avg. 2M: 27 😱
Avg. 3M: 22 😱
Avg. 6M: 25 😱
Avg. 1Y: 34 😣
🔸 #Bitcoin
Price: $21,535
24h Low: $21,127
24h High: $21,665
MC Change: $8.7B (2.1%)
Dominance: 38.4%
24h: 1.8%
7d: -11.9%
14d: -6.3%
30d: -7.0%
60d: 4.0%
200d: -44.5%
1y: -56.2%
🤖 #BTCLIVE - 21.08 - #IDEA 🤖🤖 #BTCLIVE - 21.08 - #IDEA 🤖
Snapshot:
Short-Term
60:40- Bullish:Bearish
Long-Term
80:20 - Bullish:Bearish
Technical Analysis:
Bullish Scenario:
Breaking up out of this ascending wedge is key - a good confirmation for this would be breaking above $21.7k with volume or a confirmed retest. The next target puts $22.4k on the board. This would be quite a bullish sentiment overall - the key focus here is to stay within the macro channel as breaking down will cause a big drop. Ultimately we will likely see alot of consolidation and ranging around the mid channel here at a round $22.8k region.
Bearish Scenario:
Breaking down on the ascending wedge will be quite a bearish sentiment - at a about $21.2k this will be breaking down on the ascendign wedge and back out of the macro channel. Likely retest of $20.7k and breaking that will take us to $20k. I am slightly more in favour of this scenario
Bullish Factors:
+ Break back into the macro channel above $21.1k
+ Strong Double Bottom
+ Higher Highs and Lows
+ Flipped 20 and 50 EMA
+ Broken Local resistance at $21.4k
+ Very Bullish Weekly Pivot
+ Active Addresses turned positive
+ Transactions turned bullish
Bearish Factors:
- Forming Ascending Wedge Short-Term
- Bearish Daily POC forming
- RSI is nearly at overbought
- Bearish Candle
- Transfer Volume turned negative
Key News:
Bull:
+ A new UK Bill can bring crypto into the scope of local payment regulation
Bear:
- Bored Apes Approaching Mass Liquidation On BendDAO, Can This Crash Entire NFT Market?
Exchange
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower 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.
Moderately selling
Last Value:
-0.76351231
24H%:
-385%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.5230772
24H%:
-19%
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 Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure.
- Transfer Volume - The total number of coins transferred has decreased by -73.00% compared to yesterday.
+ Active Addresses - The total number of active wallets used to send and receive coins has increased by 23.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 14.00% 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 - 11133298.76 of long 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:
8,545,444,735.4
24H%:
+2%
7D%:
-9%
Fear & Greed Index - Aug 21, 2022:
Today: 27 (Fear)
Yesterday: 29 (Fear)
Avg. 1W: 36 😣
Avg. 2W: 38 😣
Avg. 1M: 35 😣
Avg. 2M: 27 😱
Avg. 3M: 22 😱
Avg. 6M: 25 😱
Avg. 1Y: 35 😣
🔸 #Bitcoin
Price: $21,169
24h Low: $20,849
24h High: $21,354
MC Change: $4.1B (1.0%)
Dominance: 38.5%
24h: 1.5%
7d: -13.3%
14d: -8.9%
30d: -9.2%
60d: 2.6%
200d: -45.1%
1y: -54.7%
@FearGreedIndex
🤖 #BTCLIVE - 20.08 - #IDEA 🤖🤖 #BTCLIVE - 20.08 - #IDEA 🤖
Snapshot:
Short-Term
30:70- Bullish:Bearish
Long-Term
80:20 - Bullish:Bearish
Technical Analysis:
Bullish Scenario:
$20.7K is key to hold if there is any chance at a bullish rally - currently the double bottom is a pretty good sign but a break above $21.4k is required dor the first confirmation and targets will be $21.8k - no predictions beyond that.
Bearish Scenario:
Losing $20.7k then it will be a drop $20k with likely bounce and potential consolidation although high chance of breakdown to $18.8k Weekend volume is erratic at best so wait for confirmation of new week to asses true trajectory.
Bullish Factors:
+ Buy Signal Printed on the Hash Ribbon Indicator
+ Printed a double bottom on the 1hr
Bearish Factors:
- Broken down on macro channel and looking like retest
- DXY still pumping
- Active Addresses turned negative
- Transactions turned negative
Key News:
Bull:
+ US FED says cryptocurrencies present opportunities to banks, customers, and the whole financial system!
+ Starlink ( Elon Musk company) and World Mobile will be working together
Bear:
-
Exchange
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower 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.
Moderately selling
Last Value:
0.26747583
24H%:
-139%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.6446955
24H%:
+15%
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 Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure.
+ Transfer Volume - The total number of coins transferred has increased by 38.00% compared to yesterday.
- Active Addresses - The number of active wallets used to send and receive coins has decreased by -52.00% compared to yesterday.
- Transactions - The total number of transactions has decreased by -56.00% 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 - 21454466.85 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:
8,332,599,645.07
24H%:
0%
7D%:
-13%
Fear & Greed Index - Aug 20, 2022:
Today: 29 (Fear)
Yesterday: 33 (Fear)
Avg. 1W: 38 😣
Avg. 2W: 38 😣
Avg. 1M: 35 😣
Avg. 2M: 26 😱
Avg. 3M: 21 😱
Avg. 6M: 25 😱
Avg. 1Y: 35 😣
🔸 #Bitcoin
Price: $20,849
24h Low: $20,925
24h High: $23,246
MC Change: -$44.0B (-9.9%)
Dominance: 38.1%
24h: -10.3%
7d: -14.6%
14d: -10.2%
30d: -10.6%
60d: 1.0%
200d: -45.9%
1y: -55.4%
🤖 #BTCLIVE - 19.08 - #IDEA 🤖🤖 #BTCLIVE - 19.08 - #IDEA 🤖
Snapshot:
Short-Term
40:60- Bullish:Bearish
Long-Term
70:30 - Bullish:Bearish
Technical Analysis:
Bullish Scenario:
We are now at the macro channel bottom - which was always a realistic scenario - from here I we can hold and start to range/consolidate to build for a move up there the major resistance to break is $22.6k - ideally we need to hold above $21.1k to give a higher chance at a bullish move
Bearish Scenario:
Losing $21.1k will drop out of this macro bear flag and we will highly likely see $20k and potentially lower to $18k. There is a chance of breaking down and consolidating at $20k where alot of whales will start accumulating the $20k support is big so it might hold, be wary of shorting too much now.
Bullish Factors:
+ Trading at the bottom of macro channel now
+ approaching $20k psychological support
- Heavily oversold on 1 hour and approaching oversold on daily
Bearish Factors:
- Exchange Netflow Total turned negative
- Net Unrealized Profit and Loss (NUPL) turned to Capitulation phase
- Lost 3 key supports
- Trading under all EMAS and DEMAs
- Short trend signal printed now
- DXY is pumping hard
- Fully printed mcfly on the weekly
- Broke down on Pennant
Key News:
Bull:
+ Lol
Bear:
- JUST IN: FDIC sent a cease-and-desist letter to FTX US, alleging it misleads investors over deposit insurance.
- US lawmakers eye environmental impact of crypto mining
www.theblock.co
- CZ FUD "They want to buy cheap"
- #Crypto lender Hodlnaut lays off 80% of its staff and reveals they're under investigation by the Singapore police.
- Japan's largest online brokerage will shut its #crypto-mining operations in Russia.
Metrics:
- HUSD depegs
Exchange
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower 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 Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure.
+ Transfer Volume - The total number of coins transferred has increased by 154.00% compared to yesterday.
+ Active Addresses - The total number of active wallets used to send and receive coins has increased by 55.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 67.00% 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 - 91108940.60 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:
8,495,455,849.56
24H%:
-10%
7D%:
-9%
Assign your Max Active Deals based on the 7 Day Fear & Greed Average Accordingly.
F&G Filter:
0 - 20 - 100% Max Active Deals
20 - 40 - 80% Max Active Deals
40 - 60 - 60% Max Active Deals
60 - 80 - 40% Max Active Deals
80 - 100 - 20% Max Active Deals
Fear & Greed Index - Aug 19, 2022:
Today: 33 (Fear)
Yesterday: 30 (Fear)
Avg. 1W: 41 😕
Avg. 2W: 38 😣
Avg. 1M: 35 😣
Avg. 2M: 26 😱
Avg. 3M: 21 😱
Avg. 6M: 25 😱
Avg. 1Y: 35 😣
🔸 #Bitcoin
Price: $23,247
24h Low: $23,134
24h High: $23,591
MC Change: -$2.2B (-0.5%)
Dominance: 38.5%
24h: -0.5%
7d: -2.9%
14d: 1.7%
30d: 3.8%
60d: 22.0%
200d: -39.2%
1y: -47.8%
🤖 #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%
BTC Daily update - Waiting for Initial Jobless ClaimsYesterday I told you about sl hunt, congratz if you closed longs and opened shorts.
Today we formed nice ascending triangle and now trading in it.
Nearby we can see clear level where stoplosses of bears are located.
However, 80% of BTC movement today will be decided by Initial Jobless Claims data. Be ready for volatility at the moment of data release.
Right now, we will see range, so better to wait and not enter any positions.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
Deeper Network DPR Crypto Bearish FallDeeper Network DPR Crypto slowly sliding down in a bearish direction. At the moment there is no incentive to buy until the price bottoms out with Bitcoin as we all impatiently wait. Tomorrow is a AMA so we will see if there is any immediate solution before Sept 6th hits..........
Bearish News: Aug. 5 & 6, 2022 Deeper Network has turned down an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the Virgin Impact team and other global heavyweight investors. The reason from Deeper Network "Cheryl, Russell and I ( Eric ) seriously considered attending the gathering but decided it was best to focus on exchange listings, research & development, and new product deadlines instead."
Bearish News: Possible Token Crash Starting around September 6, 2022 thru the next 8 months, investors getting Deeper Chain DPR returned to them who bought in at .006cents to .02cents. Deeper is only allowing 750,000 DPR total perday from the miners and the invests to go over the bridge from Deeper Chain to the other two chains to get to an exchange and to sell. Some of the people have set up computer programs to keep dumping coins over the bridge first so they do not get locked out when the daily total of 750,000 is hit. There was 2Billion token allocated to sell but they only advertise 1Billion being sold. DPR given out already to the investors that crashed the coin the first time (estimated 40% returned), there is an estimated amount of 2 to 4 Million Deeper Chain DPR being released each day to their investors for the next 8 months starting in September 2022 thru May 2023. Will Deeper fully open the bridge or will they try to control their investors cash out for a second time, well see what happens…….. How will the miners plan for this apocalyptic scenario of no longer being able to move Deeper Chain DPR across the bridge to get it on an exchange to pay for their expenses? I foresee another massive upset that Deeper Network will hush the investors by kicking people out of there Deeper Network community social groups when people complain and get upset like what happened when they lock up the investors DPR the first time without paying them back as was promised in their smart contract that had a hidden back door in the smart contract to reprogram it and to lock back up again. This is a lack of trust that I don’t think Deeper Network will every out live.
-Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
- Deeper Chain Community Governance - Currently being controlled directly by Deeper Network, not by the Community but thru a back door in the program (Verified on AMA) I don't foresee them giving the governance to the community within the next year or so because they like to be able to have fully control without have to wait for voting approvals, because the programing is far from being perfect..............
- 7 Validator Nodes on Deeper Chain, 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
-Deeper Chain DPR Crypto Burn Wallet #1: (Warning this is a subject Deeper does not like to talk about) There has not been a routine burn setup yet promised by Deeper to fight inflation . The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the Validator transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days and burnt all the treasury wallet. Then they slowed it down to every 24 Days thru the Treasury and to burn only about 1% now. There is credit burning set up for the miners, which is false advertisement because they only burn 1% of the money paid to buy credit to increase mining rewards. The rest of the money is added to the treasury wallet for Deeper to pay their DEVs instead. Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community can monitor what they are being told. Talking about this subject will get you band and removed from Deeper Network Social media accounts so be aware………… Deeper Network has responded to my concern about this saying "that 1% of the treasury wallet is burned each day" but I don't believe that's what happens, I believe that only 1% of each transaction that is transferred to the Treasury wallet is then sent into the burn wallet only during the transaction process, not that 1% of the treasury wallet total is burned. So once the funds go into the Treasury wallet once the 1% has been taken out, the remaining funds are no longer programed to be burned. (...to be determined) At the moment it is unknown how to see a total burn amount from this wallet but you can see how much DPR will be burned in the next 7 day burn period.
-Deeper Chain DPR Crypto Burn Wallet #2: Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token ECR-20 Blockchain Ethereum Burn Wallet Address - Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token BSC Binance Smart Chain Burn Wallet Address - Deeper Network has not provided the wallet address, nothing would be in the wallet address that i would be aware of if it exist yet
- Deeper Chain Treasury Wallet Address: 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z (At the moment this is funded by the left over Validator Transactions & Burn DPR for Credit Score Increase, 1% of Transactions going into the wallet are Burned, this is confirmed)
- Polkadot Parachain for Deeper Chain – not yet, no future plans at the moment (Verified by Polkadot Support)
-10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); & 4 Billion DPR Belong to Deeper & Investors
-Location of Deeper Network servers where VPN data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
- Deeper Network VPN / DPN equipment concerns: They say they do not keep logs of records of your internet access BUT!!!!! When you login to the device for the first time it makes you approve there two privacy agreements first. Terms and Condition of Use agreement under point Prohibited and restricted uses point #25 say : “We shall have the right… to monitor User Content”; The second agreement you must approve is the Deeper Network Privacy Policy under Data we Collect says “We may receive access to basic personal information from your social network accounts should you register or sign onto such services using Deeper Network Products or Services” (Why in the world is Deeper trying to collect your personal information?????????, also would they not also be able to see your banking information then...), then under section Data Retention it says “We will keep records containing personal data….. as maybe required by applicable laws (So then which governments laws are you under because there are countries that require no data collected) at the end of the day Deeper Network is not a Decentralized VPN because your data is collected in Deeper Networks Servers and Deeper Does not allow the Miners with the Exit Nodes for the VPN service to erase the VPN data on there own devices, even if their country allows for no logs to be collected. Will Deeper Network change their policy’s to be in harmony with what they told their community of NO LOGS/DATA KEEP BY DEEPER and ONLY DATA COLLECTED ON EACH EXIT NODE, apparently, they changed their minds……
Pico - At the moment the Pico is only good for mining with a Staked credit score, if the Pico has its own Public IP and is connected for months without being disconnected it will currently not get 10mb of traffic each day to get an increased organic credit score as an exit node, the network currently will choose a faster path out thru a Mini instead. So the Pico at the moment is not a good mining device if that's what you bought it for organically. This has been confirmed.
-Company Info:
-Deeper Network INC of the Marshal Islands (no office location there currently) Crypto Currency company that was set up as a shell company, filed on March 8, 2019 Entity number 100333 (Legal system mixed legal system of US and English common law, customary law, and local statutes; International law organization participation accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction)
-Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/ VPN / DPN , Entity 201816910575 6/14/2018, EIN Tax ID# 841835438, State ID 04799167 This is the company that controls everything.
-Location Of Head Quartiers Office (5200 Great America Pkwy, Santa Clara, California, 95054) : The main temp office rental location no longer exists that is advertised and on Entity Documents the location is currently enmity and abandoned, supposedly working remotely from home and out of a shipping warehouse since the past two years or longer, unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified. Even from there past video of this office location you can tell it was just a temp location as if it was like one of those rent a cubical to work at temporary location.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand) (Working only part time now, another one of the upper ranks with one foot out the door, I believe the next person will be #3+ for this job title next)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
GBPJPY WHICH WAY WILL WE BREAK?Pair: GBPJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant
—————
Key Takeaway: Need a break of resistance and trend line or bounce of both these levels bearish
—————
Level needed: need a close by either 162.520 (bullish) or 162.260 (bearish)
—————
Trade: Neutral
RISK:REWARD —
SL: —
TP: --
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
🤖 #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%