It's time to sell EURUSD After forming a new low, EURUSD has now started a pullback.
The best thing to do is to wait for this pullback to end and then look for entries to the downside.
We should watch out for reversal signals around the levels of 0,9976-0,9996.
If price breaks above 1,0090 then this downside move wouldn't be valid anymore.
NEWS
🤖 #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%
A new low on EURUSD On Friday, EURUSD formed a lower high and it's now testing the bottom at 0,9900.
It is very likely that we will see a breakout and price reaching 0,9800.
The ECB Interest Rates are this week which means we should see some moves.
Entries should be made after a pullback or a breakout. We're definitely not looking to buy!
EURUSDHello my dear friends
This area that the price movement has reached now is from the last twenty years.
Currently, a type of intensive movement has been created for us in the daily chart, which is likely to exit either from the upper or lower side.
In the four-hour time frame, the positive divergence of the RSA has been issued, as a result, the probability that the price will break out of this compression from the upper side is higher.
Please keep in mind that the above view is valid as long as the price range of $0.9567 is maintained.
We would be happy to hear your comments
🤖 #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
🤖 #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%
Bitcoin Day Trading Setups, Scalping Entries🖥️ We have determined there is a 70% chance Bitcoin will Rise from our current entry point.
📉 LONG - BTC : $20,025📉
💵 Length of trade: we are expecting BTC to hit a 250 scalp, with a high end of 300, and a minimum expectation of $175.
🕰️ 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 1.5 hours. Then we see a maximum duration of 9 hours .
📊🖥️ Indicator Shown on Chart : Scot Signal Indicator
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
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%