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What have you done! Update timeTo everyone who held from May low as I mentioned previously, congrats on your profit! Let's keep it sweet and simple: 1) You see there simply wasn't enough volume to pump the king (btc) to 100K. 2) Open Interest kept rising like a B*** to levels never seen before cause the money was flowing to pump shitnometrics token, midperp wasn't getting enough attention and BTC the least (zero demand). As we rose to ATH, money just quickly flew to low caps, starting a mini alt cycle. 3) Lot of new money came into the market recently, giving us a warning that rally getting unsustainable. So, big money gotta take the small money. It's only necessary! What to digest from all this? - I am not calling it a top. We are gonna get to 100K, after a quick rapid flush and recovery with smart money travelling back to BTC and midcaps. As it should be. - De-risk by taking profit and keeping some liquidity to buy the dips if it gives. - Cycle gonna extend. This cycle won't be like previous cycle. We will have multiple local tops and bottoms in my view.
FTX:BTCPERP
by filagotnochill
FLOW Price Analysis (4-hour chart)The 4-hour chart shows the FLOW price has turned higher in the last week. Furthermore, trading volume increased dramatically in the previous two days, which could suggest accumulation. As a result, the price is approaching trend resistance at $14.00. Successful clearance of the trend could provide a bullish catalyst targeting the October high of $21.28. Of course, until the price clears $14.00, the downtrend dominates the action. Therefore, the path of least resistance is lower as long as Flow remains below $14.00. Furthermore, a failure to break out on the upside could drive the price back to the October $11.50 low. At this moment in time, investors should sit tight and see how the price performs if it reaches the descending trend line. Considering how far Flow has fallen there is no need to pre-empt a breakout. For now, I am ambivalent towards the Flow price and put the odds of a breakout at 50/50. On that basis, I hold a neutral weighting on the token until a catalyst arrives in either direction. Hello community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts
BINANCE:FLOWUSD
by thomasfullerofficial
BTCUSDT: NTV and l/s ratio screams sell+Frenzy kills blockchain.Hi folks! I know I am really starting to look like a "permabear" here, but I am still holding on to my shorts despite a couple of intense days (my short have an average entry of 57.1k). I am taking no actions right now except keeping my shorts, so I guess this is a neutral post. Now, trying to watch the more fundamental picture rather than only T.A. it is easy to see why I have been wrong for so long, but also why I still might make a lot of money on my shorts: - As long as T.A. goes, the 1D Bollinger Bands have usually been a good contrarian indicator, and especially after consecutive breaks of the same bound. BTCUSD has touched the upper 1D BB for the fourth consecutive time, and that is rather crazy. - The Long/Short bitfinex ratio is extremely high ATM, indicating that liquidation hunts can only happen in the downside direction, and that the dominoes can startt falling very fast due to the total amount of leverage on the longs. - The NTV has signalled a rather massive overpricing og BTCUSD compared to the inherent network value (=the use of the blockchain). In fact, this overpricing is much higher now than during the bull-run leading up to may, indicating both that the network activity has fallen (since the price is in the same range as the tops up untill may) and that the current market is even more speculative than before the 64 to 30k drop. As for the record, I am a huge believer in blockchain technology, and my long-standing bearish view has nothing to do with that. In fact, I believe that frenzies like we have seen now only damages the reputation of the technology - this statement is based on three factors: - The average investor/gambler do not understand the tech good enough and cannot separate crap from fantastic projects, so the frenzy steals focus and money from those projects who has the potential to change the world. - The important discussions about the real values and use cases of blockchain are delayed (and potentially killed) by the frenzy, as regulatory risk increases and the average person care more about the potential of getting rich fast than to understand the arguments for using the tech. - Stablecoins most likely has a very important role in creating these frenzy markets as they provide liquidity in ways that the average person (or potenially anyone) do not understand. My view is that stablecoins should never be issued by a company - if you say that you like crypto due to the idea of decentralization and still accepts that actors like Tether Ltd. controls the entire market in the same manner as the Fed controls the stock and bond market by, then you are actually full of bullshit because you then only care about gambling and not decentralization: Tether Ltd. is a huge bank (likely buying very sketchy debt) and nothing else in practice. In short, we need to get rid of these shady actors in the market before people can really take it seriously - let´s just hope USDT collapses sooner than later for the sake of blockchain. My point here is: Do not confuse gambling (which I also do) with the belief in blockchain technology - they are completely independent in the current environment. I wish you all well! DYOR. NFA. Never take the word of others as a given, and never take advise from someone without skin in the game.
by TheDots
Where will Sandbox Peak? Since its inception, Sandbox's (SAND) price has moved in a bullish Elliott Wave sequence. Right now, we have reached uncharted technical territory, which is making it harder to find a possible peak for the current rally. Nonetheless, you can find our predictions below! Elliott Wave Analysis We can count the first wave completed at the $0.094 high. From there, the correction that followed ended at the $0.028 low, which was wave II. The subsequent rally in wave III ended with the $0.90 high, followed by a correction in wave IV that ended with the $0.14 low. The last rally that started from the $0.14 low can be broken into 5 waves of smaller degrees as it appears that the last wave V is extended. Based on the stochastic oscillator, we haven't reached overbought readings despite the strong bullish momentum, which means that we still have more upside. For wave 5, an optimistic target stands at $11.48, which is the 461% Fibonacci extension of wave I and wave III combined against the low of wave IV. While this may sound like a lot, it is less than a 300% growth from the current price. Considering that SAND grew 37,185% in about a year and a half, this target doesn't sound very unrealistic.  Looking Ahead:  If this target is hit, it will probably happen around late December or early January, when most altcoins are likely to peak.
by cryptohopper