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BITCOIN BEARISH MOVEMENT WITH ONCHAINHello Traders and analysts. As you can recall from previous analysis, Bitcoin had a bearish movement, and we also predict it. I screenshotted a metric in Glassnode that shows the supply of wallets between 1K to 100K. This chart is hourly and shows today's movements between wallets; as you can see, the value has decreased today. This chart indicates that correction might continue, and the price can see lower levels. On the technical side, the price has formed a head and shoulder pattern and has a bearish momentum in every candlestick that shows this price is not the right place to buy, and the correction might continue. Note that this is a short-term analysis and is only valid for a couple of days (or just a couple of hours). ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the boost button and follow me so you won't miss the updates. The information given is never financial advice. Always do your research too. Good luck.
Short
by Crypto_MD
4
Bitcoin Short Term Fall / PULLBACKHello Traders and analysts As you can see in the chart above, bitcoin price has a bearish movement, but the question will be, will it continue its trend or not? I took a screenshot from Glassnode from a metric called the number of addresses> 1K, and this metric shows precisely what the name says. These wallets are ingenious and can lead the market movement. As you can see, these wallets are also declining; this shows that they are probably not finding this price (in this timeframe) an accumulation price, so when there are no buyers, what would happen? Yes, it will continue to correct itself. That's my thoughts, and I think the price can have a pullback to the trendline that has been broken (Upper Yellow Trendline in the chart) by the buyers. Note that this is a short-term analysis and only valid for a couple of days (I mean, look at the timeframe. It's 4H). ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the boost button and follow me so you won't miss the updates. The information given is never financial advice. Always do your research too. Good luck.
Short
by Crypto_MD
Will SOPR go down to -1?SOPR is an indicator that reflects the degree of realized profit and loss for all coins moved on-chain. The SOPR (Spent Output Profit Ratio) indicator provides insight into macro market sentiment, profitability, and losses taken over a particular time-frame. It reflects the degree of realized profit for all coins moved on-chain. In the last two cycles, at the bottom of the market SOPR went down to -1. There is a possibility that in this cycle, SOPR will go down to this amount at the bottom of the market
BITSTAMP:BTCUSD
by cryptoonchain
1
⭐️BTCLive: Bitcoin Hitting Multiple Bearish Signals⭐️BTCLive: Bitcoin Hitting Multiple Bearish Signals TLDR (Bullish:Bearish) Short Term (Less Than 1 Week) 40:60 Long Term (More Than 1 Week) 50:50 Overview: We need to break up aout of the macro trendline and hold to pump to $20k if we break down out of the ascending wedge then it will dump to $19k region Technical Analysis: - Ascending wedge on the 1hr - Macro Trendline Resistance - Bearish Divergence - Bought on the 1hr - Unfilled weekly pivot to $19k + Bullish CME Gaps - Alpha Wave Sell Signals - Decending Triangle pattern on the Daily + Descending Wedge pattern on the Weekly + Bullish Divergence on the Weekly forming + 200 EMA Support + 20 DEMA Support News: +Dormant Bitcoin moved out from Coinbase Pro "The outflow of 48K $BTC is coming from Coinbase Pro and has a dollar value of $940.032.000,00" / 🦄 🇺🇸 US launches investigation into bankrupt #crypto hedge fund Three Arrows Capital. t.co / 🦄 🇺🇸 Texas securities regulator launches investigation into FTX US and CEO Sam Bankman-Fried. /🦄 🇫🇷 France's finance minister says the government will review #crypto tax regulation next year. +🦄 Mastercard to help banks obtain regulatory compliance to offer #crypto trading, CNBC reports.
INDEX:BTCUSDShort
by Kryptochristian
4
🤖 #BTCLIVE - 10.10 🤖🤖 #BTCLIVE - 10.10 🤖 TLDR: *Bullish:Bearish Short-Term 60:40 Long-Term 70:30 OVERVIEW: Its going to be a pretty quiet couple of days volaitlity wise I feel with little to no news on the cards from the fed - so we should be following TA quite nicely. There is a descending broadening wedge formed on the 1hr which is pretty bullish overall although it depends how close we are to Weds/Thurs before this market structure is broken. It is looking like a touch of $19.5k is on the cards to test the WEekly pivot and likely a drop back down to $19k. There are some big orders at $19k obviously. Losing that will very likely see $18.7k almost immediately and possibly start a much much bigger fall. In the opposite wat a break up of $19.5k could quickly see $20k again although I feel it will take a small miracle to break that this time round. Either way I am still toppping up my shorts for a visit to $18.7k personally. TECHNICAL ANALYSIS: Bullish Factors: + Oversold on the 1hr + Descending Broadening Wedge Forming + Bullish Weekly Pivot (s) + Bullish CME Gap + Bullish DIvergence 4hr + Bullish Divergnece 1W Forming + RSI Near Oversold Weekly + New Bullish Weekly Pivot + BPT Dip Buy 1hr Bearish Factors: - Broken 20DEMA - VWAP Resistance - 20 & 50DEMA Resistance - Descending Triangle Pattern - Longterm Trendline Resistance - 200EMA 1h Resistance KEY NEWS: - Very volatile Weds & Thurs upcoming with CPI & PPI data coming in - FTX and Visa partner to permit crypto payments in 40 countries cryptopanic.com - Justin Sun to purchase Huobi - JUST IN: 🇬🇧 Bank of England doubles QE bond-buying.
INDEX:BTCUSD
by Kryptochristian
🤖 #BTCLIVE - 09.10 🤖🤖 #BTCLIVE - 09.10 🤖 TLDR: *Bullish:Bearish Short-Term 80:20 Long-Term 60:40 OVERVIEW: Not a huge change in outlokk from last BTCLIVE, we rejected from the macro trendline and tracking slowly down to the core support at $18.7k region where we will either bounce back up to $19.7k region or break and start the journey towards the new local lower low. This should be sitting arounf the $17k and below region. Either way a short isn't a bad move to be making right now. The volatility from WED and Thurs data could be the straw that breaks the camels support here as timeline wise it is looking like it will sync. TECHNICAL ANALYSIS: Bullish Factors: + Bullish Weekly Pivot (s) + Bullish CME Gap + Bullish DIvergence 4hr + Bullish Divergnece 1W Forming + RSI Near Oversold Weekly Bearish Factors: - Broken 20DEMA - VWAP Resistance - 20 & 50DEMA Resistance - Descending Triangle Pattern - Longterm Trendline Resistance - 200EMA 1h Resistance - Bearish Divergence - Local Bearish Trendline 1hr - Local Resistance 1hr & TD9 KEY NEWS: - Very volatile Weds & Thurs upcoming with CPI & PPI data coming in - FTX and Visa partner to permit crypto payments in 40 countries cryptopanic.com
INDEX:BTCUSD
by Kryptochristian
1
🤖 #BTCLIVE - 07.10 🤖🤖 #BTCLIVE - 07.10 🤖 TLDR: *Bullish:Bearish Short-Term 80:20 Long-Term 45:55 OVERVIEW: Favouring the bearish sentiment now with the break down of the short timeframe ascending triangle due to the fed news dropped. This sentiment will likely continue to $18.5k where we will see the first key long term support and also the bottom of the longer term market structure of the descneding tirangle. In a macro sense there is a weekly descneding wedge which would suggest a new local lower low to about $16k. If we bounce and hold at $18.5k then a revist to $19.8k would n't be unsurprising. The next break up of $20k would be an extremely bullish sentiment and an initial $21.3k would be a good target - this would have bigger implications with breaking out of a macro bear trendline. TECHNICAL ANALYSIS: Bullish Factors: + Broken 20DEMA + Bullish Divergence On Support + Breaking Key Supply Zone + Bullish CME Gap Bearish Factors: - VWAP REsistance - 50DEMA Resistance - Descending Triangle Pattern - Longterm Trendline Resistance KEY NEWS: - US Non-Farm Employment Change 263K 248K 315K - US Unemployment Rate 3.5% 3.7% 3.7% - US Average Hourly Earnings m/m 0.3% 0.3% 0.3% - Binance $1.5b BNB hack - BREAKING: VISA to launch Bitcoin and crypto backed debit cards in 40 countries in partnership with FTX! - NEW: Bitcoin will be a catapult for Latin American nations - Mexican Senator Indira Kempis
INDEX:BTCUSD
by Kryptochristian
1
🤖 #BTCLIVE - 4.10 🤖🤖 #BTCLIVE - 04.10 🤖 TLDR: Short-Term (-1 Day) 40:60- Bullish:Bearish Mid-Term (1 Week+) 40:60 Bullish:Bearish Long-Term (1 Month+) 60:40 - Bullish:Bearish OVERVIEW: With no particularly crazy FED announcements this week and no BTC options expirations we should be in for a relatively low volatility week. $20k is looking particularly hard to break so I am expecting consolidation around this area to form a bit of a bullish pennant that is set up to fail unless it can start to trade and consolidate above $20k comfortably ie. at least a daily close above $20k. The DXY has dropped alittle bit to allow this run up for BTC although is finding dupport on the 20DEMA there now so that might bounce and take BTC down with it. For general targets - breaking above $20.3k in order to see $21k although any higher than that is going to be a stretch which will fill the weekly pivot. Breaking below $19.7k will likely see BTC reenter the high value area for continued ranging between $19k/$18.8k to $19.8k. I am not hugely bullish atm. TECHNICAL ANALYSIS: BULLISH FACTORS: +Broken out of 200EMA & 20DEMA + Broken up out of High Value Area + Lots of bullish news + Large unfilled weekly pivot area + Low value areas overhead + Broken Local Trendline resistance + Descending Wedge on the Weekly BEARISH FACTORS: - 50 DEMA Resistance Incoming - Double Top - Bearish Divergence - High Volume Node Resistance - Overbought on 1h RSI - Key Overhead Resistance NEWS: Bull: + Russia allows international trade ing BTC and crypto for any industry + 🦄 Fashion brand Hugo Boss announces plans to launch its first-ever #NFT collection. + Argentina's state-owned oil & gas company is mining Bitcoin at one of the biggest oil fields in the co… t.co + New York FED President John Williams says inflation will likely come down to 3% by next year. Bear: - Reserve Bank of Australia raises interest rates by 25bps to 2.6%, highest since July 2013. - SEC fines Kim Kardashian $1.3 million for illegal promotion of crypto token cryptopanic.com Volatility * UN Warns Fed to Cool Rate Hikes cryptopanic.com * Financial Stability Oversight Council calls on Congress to create federal framework for #stablecoin issuers. * Biden administration urges Congress to pass laws to clear up #cryptocurrency regulation.
INDEX:BTCUSD
by Kryptochristian
5
🤖 #BTCLIVE - 30.09 🤖🤖 #BTCLIVE - 30.09 🤖 TLDR: Short-Term (-1 Day) 50:50- Bullish:Bearish Mid-Term (1 Week+) 30:70 Bullish:Bearish Long-Term (1 Month+) 60:40 - Bullish:Bearish OVERVIEW: We are at the end of a short term ascending triangle and just before options expiration so ultimately the direction we break out shoult deteremine the longer term target. Breaking out below $19.2k should put us on course for $18.5k and breaking above $19.7k should put us on course for $20.5k region. There is a longer term macro trednline that will prove extremely hard to break around this price and fully expected a heavy retrace. Ultimately there is a lot of positive news around BTC and the migration from FIAT to BTC is looking unprecendented at the moment, if it truly is deemed a hedge against inflation then it could well moon but we need to see some keey levels broken first. Ultimately a lower low (below $17.5k) is still expected before the bull season fully gets under way and the macro trendline needs to break before getting a longer term bullish sentiment TECHNICAL ANALYSIS: +BULLISH FACTORS: + Eurasian Bank buys Bitcoin in first cryptocurrency transaction in Kazakhstan🇰🇿 + Investors ditch the euro and pound for Bitcoin in record numbers as their value plummets cryptopanic.com + Spain’s largest telco, Telefonica, now accepts Bitcoin payments! + MicroStrategy is hiring a Bitcoin Lightning Software Engineer + Ripple secures another win as Judge orders SEC to turn over Hinman documents cryptopanic.com BEARISH FACTORS: - Netherlands 🇳🇱 Inflation hits 17.1% - a new record! - Eurozone inflation hits 10% - the highest ever! NEWS: Bull: + Bear: - Volatility * Options expiration on tomorrow
INDEX:BTCUSD
by Kryptochristian
🤖 #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 - 27.09 🤖🤖 #BTCLIVE - 27.09 🤖 TLDR: Short-Term (-1 Day) 500:50- Bullish:Bearish Mid-Term (1 Week+) 40:60 Bullish:Bearish Long-Term (1 Month+) 40:60 - Bullish:Bearish OVERVIEW: Huge break out last night with Binances biggest every BTC trading volume recorded. This is a big factor as to what it could mean. Ultimately my yesterdays analysis still stands albeit a little bit ahead of time with $21k as the immediate target with a very hard rejection to hit there. Currently hitting some resistance now with a significant volume node in play. We currently have a small ascending channel and bearish divergence on the 1hr although if we can hold then it is a pretty straight shot to $21k which will take us to the top of the weekly pivot and also macro trendline. I am overall quite bullish in the short term to $21k and with an expected heavy rejection back to $18.7k losing $19.9k will likely see the start of the fall back to $18.7k - we may however sit and consolidate here for day or so. Friday options expiry will bring a huge amount of volatility. TECHNICAL ANALYSIS: BULLISH FACTORS: + Huge breakout or descending broadening wedge + Little resistance to $21k + Huge volume coming in yesterday and today + Flipped Vwap, 200EMA, 50EMA and 20DEMA + Holding key support + Bullish Divergence on the 5 min + Bullish Divergence on the Daily + Descending Broadening Wedge on the Weekly BEARISH FACTORS: - Bearish Divergence on the 1h - Bearish ascending channel forming - Heavily oversold on wave and RSI - Hitting large volume node resistance - 50DEMA Resistance incoming - Descending Triangle on the Daily - reaching trendline resistance NEWS: Bull: + Volatile week ahead Bitcoin Futures Expiry + Revolut has registered with regulator to offer ₿itcoin and crypto services in the U.K + Yesterday saw the biggest day of BTC volume ever on Binance! + FTX reportedly wins $50 million bid to acquire assets of bankrupt #crypto lender Voyager Digital. Bear: - Volatile week ahead with Powell, Bitcoin Futures Expiry MARKET SENTIMENT: Fear & Greed Index - Sep 27, 2022: Today: 20 (Extreme Fear) Yesterday: 21 (Extreme Fear) Avg. 1W: 22 😱 Avg. 2W: 23 😱 Avg. 1M: 24 😱 Avg. 2M: 29 😱 Avg. 3M: 27 😱 Avg. 6M: 23 😱 Avg. 1Y: 32 😣 🔸 #Bitcoin Price: $19,211 24h Low: $18,709 24h High: $19,275 MC Change: $7.4B (2.0%) Dominance: 37.7% 24h: 2.3% 7d: -1.8% 14d: -14.0% 30d: -4.3% 60d: -19.4% 200d: -51.3% 1y: -55.7%
INDEX:BTCUSD
by Kryptochristian
1
🤖 #BTCLIVE - 26.09 🤖🤖 #BTCLIVE - 26.09 🤖 TLDR: Short-Term (-1 Day) 70:30- Bullish:Bearish Mid-Term (1 Week+) 60:40 Bullish:Bearish Long-Term (1 Month+) 40:60 - Bullish:Bearish OVERVIEW: BTC is looking pretty strong short-midterm - with a target of approximately £$21k on the cards - core issue is breaking out of the immediate resistance specifically the 200EMA that has proved to be a significant issue. We are in a descending broadening wedge on the 1h which is a very bullish pattern so a break up is to be expected with a recent break up and retest of a local symmetical triangle it is looking positive. Unfortunately on the longer term timeframe further downside is to be expected as there is the lower trendline on the weekly descending wedge is still likely to be hit at approx. $16k possible a little lower. This route would make sense with the descneding triangle on the daily as we have been holding the 18.7k region for a long time with continual lower highs (quite a bearish pattern especially coming into it from a bearish trend) - this would marry up with the expected weekly descending wedge. It looks like we have the potential for a bullish week up to $21k depending on what some of the fed comes out with along with the Bitcoin Futures Expiry and then a big rejection at $21k back to the $18.7k region with the possible start of the further downside as a long term lower low feels inevitable. Although once reached the target is to break out of the macro trendline which should put us at approx. $19k at that stage will signify the start of the bull run. TECHNICAL ANALYSIS: BULLISH FACTORS: + Bullish Historical Weekly Pivot up to $21k + Potential break out of local symmetrical triangle pattern and potential retest + Bullish Divergence on trendline support + Long term Descending Broadening wedge + Holding Daily support at $18.7k region + Descending Wedge on the Weekly BEARISH FACTORS: - Vwap, Trendline & 200 EMA showing strong resistance - Trading below the Vwap - Bearish Divergence on 1h - Descending Triangle on the Daily NEWS: Bull: + Plan B’s stock-to-flow model predicts Bitcoin price has potential for 5x + Volatile week ahead with Powell, Bitcoin Futures Expiry + China orders state banks to buy stocks to prevent selling. + Disney is hiring an attorney to work on blockchain, metaverse, DeFi, & #NFT products. Bear: - Volatile week ahead with Powell, Bitcoin Futures Expiry - DXY pumping GBP dropping - Do Kwon arrest warrant issued MARKET SENTIMENT: Fear & Greed Index - Sep 26, 2022: Today: 21 (Extreme Fear) Yesterday: 24 (Extreme Fear) Avg. 1W: 22 😱 Avg. 2W: 24 😱 Avg. 1M: 24 😱 Avg. 2M: 29 😱 Avg. 3M: 27 😱 Avg. 6M: 23 😱 Avg. 1Y: 32 😣 🔸 #Bitcoin Price: $18,787 24h Low: $18,748 24h High: $19,142 MC Change: -$2.9B (-0.8%) Dominance: 37.4% 24h: -0.8% 7d: -3.3% 14d: -13.6% 30d: -7.3% 60d: -18.0% 200d: -55.3% 1y: -56.2%
INDEX:BTCUSD
by Kryptochristian
🤖 #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 - 14.09 🤖🤖 #BTCLIVE - 14.09 🤖 TLDR: Short-Term (-1 Day) 55:45- Bullish:Bearish Mid-Term (1 Week+) 30:70 Bullish:Bearish Long-Term (1 Month+) 70:30 - Bullish:Bearish OVERVIEW: We told you...respsect the Weekly Pivots and CME Gaps. They got filled - and price came to a sudden support, this is not a coincidence. Although now we are here it looks like there is going to be consolidation until the announcements begin from the fed kicking off at 1.30pm UK time. This will likely give a directional bias to the market and coming out of this bearish pennant. We might see some relief bounce here if it is neutral to bullish i.e below 75 BPS. There is a case that even if 75 does come in that this may already be dialled in and expected so a resulting pump could occur anything higher then we can expect further dumpage. On a macro level a rejection here can put us on a trajectory to $16k region now to play out this descending wedge on the weekly. The bullish scenario is sub 75 BPS and breaking up on the bearish pennant to $20.8k where will hit first resistance and then a push up or major rejection here - either to 21.2k region or heavily down to sub 20k. The bearish scenario will be a little more brutal if the BPS comes out bad - and will be a likely free fall again to 19.5k region with potential dead cat bounce and then further drop to 19k. TECHNICAL ANALYSIS: BULLISH FACTORS: + Bullish Descending wedge on the Weekly + Oversold on the Weekly + Reversal signal on the Weekly + Filled CME Gap and Weekly Pivots + Bullish Future Pivot becoming valid + Breakout from midterm descending wedge and retest on macro support on the daily +Very Bullish Daily POC (too bullish imo) + Oversold on hourly BEARISH FACTORS: -Rejected from Macro Trendline Resistance on the Weekly for the descending wedge with the bottom being potentially 16k if it plays out - Flipped pretty much all key EMA and DEMA's - Bearish Pennant in play - unconfirmed direction - Trading under a key resistance of $20.5k NEWS: Bull: + Russian international crypto payment to begin 2023 + #Bitcoin hash rate reaches new high AGAIN! + Investment giants’ Fidelity, Charles Schwab and Citadel crypto exchange goes live cryptopanic.com + Bahrain central bank set to test Bitcoin payment processing solution cryptopanic.com Bear: - PPI m/m (Expected to affect market) - Core PPI m/m - CFTC Chair Behnam Speaks (Likely to be mentions of Crypto) - Sept 15: $ETH merge expected sell off - Sept 16: Mt. Gox Claims Deadline - Sept 21: FOMC rate hike decision - #Bitcoin mining difficulty reaches 32.05 trillion, a new all time high. - Odds of 100bps interest rate hike hits 48%. - President Biden says "it’ll take more time and resolve to bring inflation down." MARKET SENTIMENT: Fear & Greed Index - Sep 14, 2022: Today: 27 (Fear) Yesterday: 34 (Fear) Avg. 1W: 26 😱 Avg. 2W: 24 😱 Avg. 1M: 27 😱 Avg. 2M: 30 😱 Avg. 3M: 25 😱 Avg. 6M: 24 😱 Avg. 1Y: 32 😣 🔸 #Bitcoin Price: $20,171 24h Low: $20,071 24h High: $22,654 MC Change: -$40.9B (-9.6%) Dominance: 37.5% 24h: -9.7% 7d: 1.9% 14d: -0.7% 30d: -17.4% 60d: -2.0% 200d: -47.4% 1y: -56.3%
INDEX:BTCUSD
by Kryptochristian
1
🤖 #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 - 08.09 🤖🤖 #BTCLIVE - 08.09 🤖 TLDR: Short-Term (-1 Day) 30:70- Bullish:Bearish Mid-Term (1 Week+) 40:60 Bullish:Bearish Long-Term (1 Month+) 90:10 - Bullish:Bearish OVERVIEW: After a massive breakdown of market structure we have finally made the suggested $18.8k potential bottom. Things are not looking particularly bullish though and with Jerome Powells talking in the coming hours the market really could go anywhere. Likelihood is that it will go down a little further as we are slightly more bearish on the technical analysis side of things with a potential descending triangle forming if we break down on this pennant structure (which is technically bullish on the short term timeframe) although with bearish divergences and general bearish sentiment I am not holding much hope for it. If we break down out of this pennant and below $19k then I would have a conservative stop at $18.5k to find support with a bounce there. Breaking up and retesting the support trendline/$19k could see a break up to and retest of $20k quite quickly. Incredibly volatile at the moment so watch out with trades. TECHNICAL ANALYSIS: BULLISH FACTORS: + Bullish Divergence on the 1D + Bullish Descending wedge on the 1D & Weekly + Oversold on the Weekly & Daily + Reversal signal on the Weekly + Holding Daily Trendline with an upper trendline of $21k target BEARISH FACTORS: - Bearish Divergence in play - Rejection from key resistance - Bearish Gartley on the 5min - Macro Bear Trendline resistance - 1hr Trendline Resistance NEWS: Bull: + Russian Central Bank & Finance Ministry agree to legalize cryptocurrency use for cross-border payments + Saudi Arabia's central bank has appointed cryptocurrency chief to advance digital goals. + Iran is now licensing #Bitcoin miners under new regulatory framework. + The ETH merge has begun, deposits and withdrawals being held + Switzerland’s SEBA Bank Launches Ethereum Staking Services for Institutional Clients Bear: - POWELL IS SPEAKING TODAY! - 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 - Voyager To Liquidate Assets at Auction cryptopanic.com - Coinbase, FTX, Binance and other exchanges fall under SEC jurisdiction, says SEC Chair - IMF Executives Call for Global Crypto Regulatory Regime To Keep Consumers Safe MARKET SENTIMENT: Fear & Greed Index - Sep 08, 2022: Today: 20 (Extreme Fear) Yesterday: 24 (Extreme Fear) Avg. 1W: 22 😱 Avg. 2W: 24 😱 Avg. 1M: 30 😱 Avg. 2M: 29 😱 Avg. 3M: 24 😱 Avg. 6M: 24 😱 Avg. 1Y: 33 😣 🔸 #Bitcoin Price: $19,281 24h Low: $18,644 24h High: $19,479 MC Change: $8.1B (2.3%) Dominance: 36.1% 24h: 2.3% 7d: -2.6% 14d: -10.6% 30d: -16.9% 60d: -11.8% 200d: -51.9% 1y: -63.4%
INDEX:BTCUSD
by Kryptochristian
🤖 #BTCLIVE - 05.09 🤖🤖 #BTCLIVE - 05.09 🤖 TLDR: Short-Term (-1 Day) 60:40- Bullish:Bearish Mid-Term (1 Week+) 30:70 Bullish:Bearish Long-Term (1 Month+) 80:20 - Bullish:Bearish OVERVIEW: We are holding on for dear life to this lower trendline and some local supports, the key support is still looking at $19.5k to hold there are some decent buy orders in play protecting this for now. With the US Markets closed today it could allow for a bit of relief away from the usual sell off when there is a bearish sentiment leading into it. From a macro perstpective things are looking pretty good although with some midterm bearish movement factored in. IF we can hold this support and get back above $19.8k then it should give a very good signal of continued movement to the $20.2k region. Losing $19.5k puts us firmly on track to $18.8k. We ideally also need the dollar to start losing some strength too to help some investment come into BTC There is some pretty inspiring news from Russia and Iran and additionally Saudi Arabia bringing in a Crypto arm to the back - this is good news but probably won't see any effect from it for a while. Thursday could bring absolutely anything with Powell speaking again so watch out. TECHNICAL ANALYSIS: BULLISH FACTORS: + Bullish Divergence on the 1D + Bullish Descending wedge on the 1D + Oversold on the Weekly + Reversal signal on the Weekly + Wave Dip signal on the daily + Bullish Weekly Pivot + Bullish Wave Divergence + Strong Buy Orders BEARISH FACTORS: - Slightly bearish Daily POC - 200 EMA Resistance incoming - H/S pattern played/ing out - Testing the lower trendline quite hard, currently slightly below - Lost all EMA's NEWS: Bull: + Russian Central Bank & Finance Ministry agree to legalize cryptocurrency use for cross-border payments + Nigerian Govt considering a 'special economic zone' for cryptocurrency businesses. + Saudi Arabia's central bank has appointed cryptocurrency chief to advance digital goals. + Iran is now licensing #Bitcoin miners under new regulatory framework. 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 - stocks.apple.com Russia cuts off gas exports to Europe via Nord Stream indefinitely - Powell to talk on Thursday - 🇺🇸 US Dollar Index hits 20-year high of 110.25 METRICS (Last 24 hours): EXCHANGE: - Exchange Reserve - As the exchange reserve continues to rise, it indicates higher selling pressure. Last Value: 2,322,706.6 24H%: 0% 7D%: +1% + Exchange Netflow Total - Net deposits on exchanges are low compared to the 7-day average. Lower deposits can be interpreted as lower selling pressure. Last Value: 1,423.02 24H%: +176% MINERS: + TURNED POSITIVE + Miners' Position Index ( MPI ) - Miners' are selling less holdings compared to its one-year average. Holding Last Value: -1.0397 24H%: +11% / TURNED NEUTRAL / Puell Multiple - Miner's revenue is in a moderate range, compared to its one-year average. Moderate revenue Last Value: 0.56831915 24H%: +14% ON-CHAIN: - TURNED NEGATIVE - aSOPR -More investors are selling at a profit. In the middle of a bull market, it can indicate a market top. Realizing profit Last Value: 1.0029 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: 0.42857142 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: -0.09330793 24H%: +4% + TURNED POSITIVE + Transfer Volume - The total number of coins transferred has increased by 148.00% compared to yesterday. Last Value: 3,061,086.78 24H%: +148% + TURNED POSITIVE + Active Addresses - The total number of active wallets used to send and receive coins has increased by 138.00% compared to yesterday. Last Value: 1,137,186 24H%: +138% + Transactions - The total number of transactions has decreased by -39.00% compared to yesterday. Last Value: 214,340 24H%: +110% INVESTOR SENTIMENT - TURNED NEGATIVE 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 - TURNED NEGATIVE - - Funding Rate - Short position traders are dominant and are willing to pay long traders. Last Value: -0.00607986 24H%: -28% - TURNED NEGATIVE - Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers. Buy: 0.51493069 Sell: 0.48506931 / 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: 8,820,290,269.98 24H%: -1% 7D%: +3% - Liquidation - 6507028.91 of long positions were liquidated in the last 24 hours. Long: 6,507,028.9 Short: 4,006,594.45 MARKET SENTIMENT: Fear & Greed Index - Sep 05, 2022: Today: 23 (Extreme Fear) Yesterday: 20 (Extreme Fear) Avg. 1W: 23 😱 Avg. 2W: 25 😱 Avg. 1M: 31 😣 Avg. 2M: 29 😱 Avg. 3M: 24 😱 Avg. 6M: 24 😱 Avg. 1Y: 33 😣 🔸 #Bitcoin Price: $19,988 24h Low: $19,649 24h High: $20,021 MC Change: $3.0B (0.8%) Dominance: 37.2% 24h: 0.8% 7d: -0.4% 14d: -5.6% 30d: -11.9% 60d: -1.0% 200d: -55.2% 1y: -60.0%
INDEX:BTCUSD
by Kryptochristian
🤖 #BTCLIVE - 03.09 🤖🤖 #BTCLIVE - 03.09 🤖 TLDR: Short-Term (-1 Day) 70:30- Bullish:Bearish Mid-Term (1 Week+) 40:60 Bullish:Bearish Long-Term (1 Month+) 80:20 - Bullish:Bearish TECHNICAL ANALYSIS: We seem to be holding the bottom of the sym. triangle quite nicely, with a fair few bullish factors lining up. I would be heavily committed to a long to at least $20.2k altough with it being Sunday and the market comign back online in a few hours still these movements can be quite misleading. When the Asian market comes on line it should be quite telling. The key areas to watch are $19.5k as losing that not only confirms a break down out of the pattern but a break of a very key support and further downside is expected in the short term to potentially $18.8k although holding should comfortably see $20.2k although I am not particularly bullish beyond and expect a rejection there. Technical Analysis Bullish Factors: + Bullish Divergence on the 1D + Bullish Descending wedge on the 1D + Oversold on the Weekly + Reversal signal on the Weekly + Wave Dip signal on the daily + Bullish Weekly Pivot + Bullish Wave Divergence + Regained trendline support and holding the sym. triangle pattern + Regained 20, 50 ema and HMA + MACD turning bullish + Bullish Weekly Pivot Technical Analysis Bearish Factors: - Slightly bearish Daily POC - 200 EMA Resistance incoming - Not fully broken local resistance - TD6 showing NEWS: Bull: +Nada Bear: - Zip
INDEX:BTCUSD
by Kryptochristian
3
🤖 #BTCLIVE - 03.09 🤖🤖 #BTCLIVE - 03.09 🤖 TLDR: Short-Term (-1 Day) 60:40- Bullish:Bearish Mid-Term (1 Week+) 30:70 Bullish:Bearish Long-Term (1 Month+) 80:20 - Bullish:Bearish TECHNICAL ANALYSIS: We are tracking at the bottom of the symmetrical triangle now, directly on the trendline support, currently showing a TD7 formed - currently diminishing volume. Breaking down on the triangle can lead to a much bigger drop with the significant support needing to hold sitting at $19.5k - key bear targets are sitting at $18.8 that are very achievable although I am expecting huge buys to appear any where between $20k and and $18.8k that could turn the tide to bullish quite easily. Although I am slightly bullish for the short term and don't think we will break down on this test yet so a bullish target of $20.2k before a bigger sell off I feel is very achievable from here. General sentiment in the market with the Mt.Gox news and ETH merge dropping in September are looking like they could be leading to a sell off, coupled with the heavily bearish sentiment attached to September $18.8k wouldn't be too surprising. Technical Analysis Bullish Factors: + Bullish Divergence on the 1D + Bullish Descending wedge on the 1D + Oversold on the Weekly + Reversal signal on the Weekly + Wave Dip signal on the daily + Bullish Weekly Pivot + Slightly Bullish Daily POC + TD7 coming into Trendline support Technical Analysis Bearish Factors: - Broken local support - Ranging in bearish symmetrical triangle - Big rejection from the 200EMA - Broke the HullMA NEWS: Bull: + 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 - stocks.apple.com Russia cuts off gas exports to Europe via Nord Stream indefinitely METRICS (Last 24 hours): EXCHANGE: - Exchange Reserve - As the exchange reserve continues to rise, it indicates higher selling pressure. Last Value: 2,316,182.55 24H%: 0% 7D%: +1% + TURNED POSITIVE + Exchange Netflow Total - Net deposits on exchanges are low compared to the 7-day average. Lower deposits can be interpreted as lower selling pressure. Last Value: 982.3029 24H%: +157% MINERS: / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. Moderately selling Last Value: 1.7051 24H%: -364% + Puell Multiple - Miner's revenue is decreasing significantly compared to the cost they put in. This could indicate that price is undervalued along with the increasing miner's motive to hold their coins. Low revenue Last Value: 0.44632367 24H%: -5% 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: 0.97674869 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: 0.42857142 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: -0.0921114 24H%: +12% - Transfer Volume - The total number of coins transferred has decreased by -65.00% compared to yesterday. - Active Addresses -The number of active wallets used to send and receive coins has decreased by -38.00% compared to yesterday. + Transactions - The total number of transactions has decreased by -39.00% 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 TURNED POSITIVE - - Funding Rate - Short position traders are dominant and are willing to pay long traders. Last Value: -0.00504039 24H%: +578% + Taker Buy Sell Ratio - Buying sentiment is dominent in the derivatives market. More buy orders are filled by takers. Buy: 0.51493069 Sell: 0.48506931 / 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: 8,672,447,353.18 24H%: +5% 7D%: +3% - Liquidation - 5861915.48 of long positions were liquidated in the last 24 hours. Long: 5,861,915.48 Short: 772,838.74 MARKET SENTIMENT: Fear & Greed Index - Sep 03, 2022: Today: 21 (Extreme Fear) Yesterday: 25 (Extreme Fear) Avg. 1W: 24 😱 Avg. 2W: 26 😱 Avg. 1M: 32 😣 Avg. 2M: 29 😱 Avg. 3M: 23 😱 Avg. 6M: 24 😱 Avg. 1Y: 33 😣 🔸 #Bitcoin Price: $19,969 24h Low: $19,771 24h High: $20,428 MC Change: -$3.2B (-0.8%) Dominance: 37.4% 24h: -0.9% 7d: -1.5% 14d: -4.7% 30d: -12.6% 60d: -1.4% 200d: -53.2% 1y: -59.5%
INDEX:BTCUSD
by Kryptochristian
🤖 #BTCLIVE - 02.09 🤖🤖 #BTCLIVE - 02.09 🤖 TLDR: Short-Term (-1 Day) 25:75- Bullish:Bearish Mid-Term (1 Week+) 50:50 Bullish:Bearish Long-Term (1 Month+) 90:10 - Bullish:Bearish TECHNICAL ANALYSIS: With the potential bearish announcement today we would expect some drop in BTC - trading at the top of the descending triangle would suggest this also if a rejection continues. Targets would be an initial 19.7k and then potential heavy drop to $18.8k as max pain price. Although I am not very confident we will spend that much time below $20k at all anymore. A break up out of this triangle just race up to $20.8k where the main resistance wand test will be if this is a proper bullish move. Ultimately things are still pretty bearish short term although there are some huge bullish macro factors in play that are likely going to kick in soon, $18.8k is my current max pain although I am not doubting we will even see that as buyers seem to be picking up anything below $20k at the moment. We want to be breaking out fully from the is descending wedge on the daily and then it is off to the races with a pretty conservative $22k on the cards as initial target. Technical Analysis Bullish Factors: + Bullish Divergence on the 1D + Bullish Descending wedge on the 1D + Oversold on the Weekly + Reversal signal on the Weekly + Wave Dip signal on the daily Technical Analysis Bearish Factors: - Oversold on the 5min - Hitting Trendline resistance - Bearish Descending Triangle Pattern - Bearish Divergence on the 1hr - Bearish Pullback signal on the 1hr - Bearish ABCD pattern on the 5min - 200EMA resistance on the 1hr NEWS: Bull: + Brazils largest bank unibanco hiring BTC software devs + ETH Merge moves closer Bear: - Unemployment Rate expected to remain level Issue: Interest rates can only go up if the unemployment rate is fine. Which could cause a dump - US dollar smashes 20 Year high, bad for BTC and all other stocks - Saylor being sued for Tax Fraud METRICS (Last 24 hours): EXCHANGE: TURNED NEGATIVE - - 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. Low revenue Last Value: 0.47098618 24H%: -6% TURNED POSITIVE + + Puell Multiple - Miner's revenue is decreasing significantly compared to the cost they put in. This could indicate that price is undervalued along with the increasing miner's motive to hold their coins. 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: 0.96664604 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: 0.42857142 - 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: -0.07041003 24H%: -14% - Transfer Volume - The total number of coins transferred has decreased by -24.00% compared to yesterday. TURNED NEGATIVE - - Active Addresses -The number of active wallets used to send and receive coins has decreased by -40.00% compared to yesterday. TURNED NEGATIVE - + Transactions - The total number of transactions has decreased by -40.00% compared to yesterday. INVESTOR SENTIMENT TURNED NEGATIVE - - 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 TURNED POSITIVE + + Funding Rate - Long position traders are dominant and are willing to pay to short traders. Last Value: 0.00315397 24H%: -521% + Taker Buy Sell Ratio - Buying sentiment is dominent in the derivatives market. More buy orders are filled by takers. Buy: 0.60559476 Sell: 0.39440524 / 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: 8,406,535,733.99 24H%: +2% 7D%: -1% TURNED NEGATIVE - - Liquidation - 14988488.82 of long positions were liquidated in the last 24 hours. Long: 14,988,488.82 Short: 8,328,677.12 MARKET SENTIMENT: Fear & Greed Index - Sep 02, 2022: Today: 25 (Extreme Fear) Yesterday: 20 (Extreme Fear) Avg. 1W: 25 😱 Avg. 2W: 26 😱 Avg. 1M: 32 😣 Avg. 2M: 29 😱 Avg. 3M: 23 😱 Avg. 6M: 24 😱 Avg. 1Y: 33 😣 🔸 #Bitcoin Price: $20,141 24h Low: $19,615 24h High: $20,188 MC Change: $1.7B (0.4%) Dominance: 37.5% 24h: 0.6% 7d: -6.8% 14d: -13.4% 30d: -12.6% 60d: 4.3% 200d: -52.3% 1y: -58.7% @FearGreedIndex
INDEX:BTCUSD
by Kryptochristian
🤖 #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%
INDEX:BTCUSD
by Kryptochristian
🤖 #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
by Kryptochristian
🤖 #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%
by Kryptochristian
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