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🤖 #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
1
🤖 #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%
by Kryptochristian
1
🤖 #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%
by Kryptochristian
🤖 #BTCLIVE - 22.08 - #IDEA 🤖🤖 #BTCLIVE - 22.08 - #IDEA 🤖 TL:DR: Short-Term (<1 Day) 60:40- Bullish:Bearish Mid-Term (>1 Day) 30:70 Bullish:Bearish Long-Term (1 Month 80:20 - Bullish:Bearish TECHNICAL ANALYSIS: Bounce nicely off this new trendline that is forming at $20.9k after break down of the ascending wedge to start to a new ascending broadening wedge - although it is in a downtrend here, these are historically pretty bearish. We have just formed a nice bullish divergence as well. With these 2 factors TA wise is looking like a potentially rise to the top end of this new Broad.Asc.Wedge which puts us at $21.9k on the nose. This is also the bottom of the Weekly pivot and notably where alot of new Sell Orders are sitting "coincidentally". It is looking like we might see some bullish relief to these levels before the next big rejection which would likely be to $21k and possibly lower if it breaks through, to about 20.7k and then $20k. If we lose $21k again from here then this could spell very bad news for bulls and see $20k very quickly - which deeper targets down to potentially $18.5k region. On a macro level I feel we are reaching the last phase of this bear cycle. with a preferred path of slow down ward consolidation to approx 18.5k before a huge pump up - which would be a very similar scene to the Jan 19 bear exit. This would coincide quite nicely with the DXY coming up to key resistance and a potential big rejection. Bullish Factors: + Bullish Weekly Pivots sitting between $22k to $23k + Similar looking pattern on the daily to Jan 2019 that formed the end of the bearish phase. + Still holding the $20.7k support + Bullish Divergence in play Bearish Factors: -Broken down on ascending wedge, bounced and on retest - Showing same pattern from 18th August that broke down - Rejected from the 20 and 50 EMA - Forming an ascending broadening wedge in down trend - bearish - Challenging the $21.4k resistance - Large Sell orders at $21.4k and $21.9k NEWS: Bull: + A new UK Bill can bring crypto into the scope of local payment regulation + Breaking: Ethereum Merge Officially Starts, Client Releases Bellatrix And Mainnet Update bit.ly + US, Ukraine, and UK lead in overall use of crypto globally, new study reveals (cryptopanic.com) Bear: - Bored Apes Approaching Mass Liquidation On BendDAO, Can This Crash Entire NFT Market? - Euro falls equivalent to the US Dollar for the second time this year. METRICS (Last 24 hours): Bull + Transfer Volume turned positive + Funding Rate turned positive Bear - Coinbase Premium turned negative - Taker Buy Sell Ratio turned negative EXCHANGE: + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. MINERS: / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. Moderately selling Last Value: -0.7857449 24H%: +3% / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. Moderate revenue Last Value: 0.51784085 24H%: -1% ON-CHAIN: + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. Realizing loss Last Value: 0.9940512 24H%: +1% + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins Low long-term holders' movement Last Value: 0 24H%: - - Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure. Captulation Last Value: -0.0212289 24H%: +48% + Transfer Volume - The total number of coins transferred has increased by +178.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has increased by 15.00% compared to yesterday. + Transactions - The total number of transactions has increased by 7.00% compared to yesterday. INVESTOR SENTIMENT - Coinbase Premium - US investors' buying pressure is relatively weak in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. DERIVATIVES + Funding Rate - Long position traders are dominant and are willing to pay to short traders. Last Value: 0.00074996 24H%: -109% - Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers. Buy: 0.489591 Sell: 0.510409 - Liquidation - 12551393.40 of long positions were liquidated in the last 24 hours. Long: 12,551,393.39 Short: 9,587,725.04 / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend Last Value: 8,422,356,344.99 24H%: -1% 7D%: -8% MARKET SENTIMENT: Fear & Greed Index - Aug 22, 2022: Today: 29 (Fear) Yesterday: 27 (Fear) Avg. 1W: 33 😣 Avg. 2W: 38 😣 Avg. 1M: 35 😣 Avg. 2M: 27 😱 Avg. 3M: 22 😱 Avg. 6M: 25 😱 Avg. 1Y: 34 😣 🔸 #Bitcoin Price: $21,535 24h Low: $21,127 24h High: $21,665 MC Change: $8.7B (2.1%) Dominance: 38.4% 24h: 1.8% 7d: -11.9% 14d: -6.3% 30d: -7.0% 60d: 4.0% 200d: -44.5% 1y: -56.2%
by Kryptochristian
🤖 #BTCLIVE - 21.08 - #IDEA 🤖🤖 #BTCLIVE - 21.08 - #IDEA 🤖 Snapshot: Short-Term 60:40- Bullish:Bearish Long-Term 80:20 - Bullish:Bearish Technical Analysis: Bullish Scenario: Breaking up out of this ascending wedge is key - a good confirmation for this would be breaking above $21.7k with volume or a confirmed retest. The next target puts $22.4k on the board. This would be quite a bullish sentiment overall - the key focus here is to stay within the macro channel as breaking down will cause a big drop. Ultimately we will likely see alot of consolidation and ranging around the mid channel here at a round $22.8k region. Bearish Scenario: Breaking down on the ascending wedge will be quite a bearish sentiment - at a about $21.2k this will be breaking down on the ascendign wedge and back out of the macro channel. Likely retest of $20.7k and breaking that will take us to $20k. I am slightly more in favour of this scenario Bullish Factors: + Break back into the macro channel above $21.1k + Strong Double Bottom + Higher Highs and Lows + Flipped 20 and 50 EMA + Broken Local resistance at $21.4k + Very Bullish Weekly Pivot + Active Addresses turned positive + Transactions turned bullish Bearish Factors: - Forming Ascending Wedge Short-Term - Bearish Daily POC forming - RSI is nearly at overbought - Bearish Candle - Transfer Volume turned negative Key News: Bull: + A new UK Bill can bring crypto into the scope of local payment regulation Bear: - Bored Apes Approaching Mass Liquidation On BendDAO, Can This Crash Entire NFT Market? Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. Moderately selling Last Value: -0.76351231 24H%: -385% / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. Moderate revenue Last Value: 0.5230772 24H%: -19% On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins - Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure. - Transfer Volume - The total number of coins transferred has decreased by -73.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has increased by 23.00% compared to yesterday. + Transactions - The total number of transactions has increased by 14.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives - Funding Rate - Short position traders are dominant and are willing to pay long traders. + Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. - Liquidation - 11133298.76 of long positions were liquidated in the last 24 hours. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend Last Value: 8,545,444,735.4 24H%: +2% 7D%: -9% Fear & Greed Index - Aug 21, 2022: Today: 27 (Fear) Yesterday: 29 (Fear) Avg. 1W: 36 😣 Avg. 2W: 38 😣 Avg. 1M: 35 😣 Avg. 2M: 27 😱 Avg. 3M: 22 😱 Avg. 6M: 25 😱 Avg. 1Y: 35 😣 🔸 #Bitcoin Price: $21,169 24h Low: $20,849 24h High: $21,354 MC Change: $4.1B (1.0%) Dominance: 38.5% 24h: 1.5% 7d: -13.3% 14d: -8.9% 30d: -9.2% 60d: 2.6% 200d: -45.1% 1y: -54.7% @FearGreedIndex
by Kryptochristian
1
🤖 #BTCLIVE - 20.08 - #IDEA 🤖🤖 #BTCLIVE - 20.08 - #IDEA 🤖 Snapshot: Short-Term 30:70- Bullish:Bearish Long-Term 80:20 - Bullish:Bearish Technical Analysis: Bullish Scenario: $20.7K is key to hold if there is any chance at a bullish rally - currently the double bottom is a pretty good sign but a break above $21.4k is required dor the first confirmation and targets will be $21.8k - no predictions beyond that. Bearish Scenario: Losing $20.7k then it will be a drop $20k with likely bounce and potential consolidation although high chance of breakdown to $18.8k Weekend volume is erratic at best so wait for confirmation of new week to asses true trajectory. Bullish Factors: + Buy Signal Printed on the Hash Ribbon Indicator + Printed a double bottom on the 1hr Bearish Factors: - Broken down on macro channel and looking like retest - DXY still pumping - Active Addresses turned negative - Transactions turned negative Key News: Bull: + US FED says cryptocurrencies present opportunities to banks, customers, and the whole financial system! + Starlink ( Elon Musk company) and World Mobile will be working together Bear: - Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. Moderately selling Last Value: 0.26747583 24H%: -139% / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. Moderate revenue Last Value: 0.6446955 24H%: +15% On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins - Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure. + Transfer Volume - The total number of coins transferred has increased by 38.00% compared to yesterday. - Active Addresses - The number of active wallets used to send and receive coins has decreased by -52.00% compared to yesterday. - Transactions - The total number of transactions has decreased by -56.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives - Funding Rate - Short position traders are dominant and are willing to pay long traders. + Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. - Liquidation - 21454466.85 of short positions were liquidated in the last 24 hours. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend Last Value: 8,332,599,645.07 24H%: 0% 7D%: -13% Fear & Greed Index - Aug 20, 2022: Today: 29 (Fear) Yesterday: 33 (Fear) Avg. 1W: 38 😣 Avg. 2W: 38 😣 Avg. 1M: 35 😣 Avg. 2M: 26 😱 Avg. 3M: 21 😱 Avg. 6M: 25 😱 Avg. 1Y: 35 😣 🔸 #Bitcoin Price: $20,849 24h Low: $20,925 24h High: $23,246 MC Change: -$44.0B (-9.9%) Dominance: 38.1% 24h: -10.3% 7d: -14.6% 14d: -10.2% 30d: -10.6% 60d: 1.0% 200d: -45.9% 1y: -55.4%
by Kryptochristian
1
🤖 #BTCLIVE - 19.08 - #IDEA 🤖🤖 #BTCLIVE - 19.08 - #IDEA 🤖 Snapshot: Short-Term 40:60- Bullish:Bearish Long-Term 70:30 - Bullish:Bearish Technical Analysis: Bullish Scenario: We are now at the macro channel bottom - which was always a realistic scenario - from here I we can hold and start to range/consolidate to build for a move up there the major resistance to break is $22.6k - ideally we need to hold above $21.1k to give a higher chance at a bullish move Bearish Scenario: Losing $21.1k will drop out of this macro bear flag and we will highly likely see $20k and potentially lower to $18k. There is a chance of breaking down and consolidating at $20k where alot of whales will start accumulating the $20k support is big so it might hold, be wary of shorting too much now. Bullish Factors: + Trading at the bottom of macro channel now + approaching $20k psychological support - Heavily oversold on 1 hour and approaching oversold on daily Bearish Factors: - Exchange Netflow Total turned negative - Net Unrealized Profit and Loss (NUPL) turned to Capitulation phase - Lost 3 key supports - Trading under all EMAS and DEMAs - Short trend signal printed now - DXY is pumping hard - Fully printed mcfly on the weekly - Broke down on Pennant Key News: Bull: + Lol Bear: - JUST IN: FDIC sent a cease-and-desist letter to FTX US, alleging it misleads investors over deposit insurance. - US lawmakers eye environmental impact of crypto mining www.theblock.co - CZ FUD "They want to buy cheap" - #Crypto lender Hodlnaut lays off 80% of its staff and reveals they're under investigation by the Singapore police. - Japan's largest online brokerage will shut its #crypto-mining operations in Russia. Metrics: - HUSD depegs Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins - Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure. + Transfer Volume - The total number of coins transferred has increased by 154.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has increased by 55.00% compared to yesterday. + Transactions - The total number of transactions has increased by 67.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives - Funding Rate - Short position traders are dominant and are willing to pay long traders. + Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. - Liquidation - 91108940.60 of short positions were liquidated in the last 24 hours. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend Last Value: 8,495,455,849.56 24H%: -10% 7D%: -9% Assign your Max Active Deals based on the 7 Day Fear & Greed Average Accordingly. F&G Filter: 0 - 20 - 100% Max Active Deals 20 - 40 - 80% Max Active Deals 40 - 60 - 60% Max Active Deals 60 - 80 - 40% Max Active Deals 80 - 100 - 20% Max Active Deals Fear & Greed Index - Aug 19, 2022: Today: 33 (Fear) Yesterday: 30 (Fear) Avg. 1W: 41 😕 Avg. 2W: 38 😣 Avg. 1M: 35 😣 Avg. 2M: 26 😱 Avg. 3M: 21 😱 Avg. 6M: 25 😱 Avg. 1Y: 35 😣 🔸 #Bitcoin Price: $23,247 24h Low: $23,134 24h High: $23,591 MC Change: -$2.2B (-0.5%) Dominance: 38.5% 24h: -0.5% 7d: -2.9% 14d: 1.7% 30d: 3.8% 60d: 22.0% 200d: -39.2% 1y: -47.8%
by Kryptochristian
1
🤖 #BTCLIVE - 18.08 - #IDEA 🤖🤖 #BTCLIVE - 18.08 - #IDEA 🤖 Snapshot: Short-Term 40:60- Bullish:Bearish Long-Term 60:40 - Bullish:Bearish Technical Analysis: Bullish Scenario: Breaking up on this bearish pennant will be helpful but more critically breaking back above $24k is where the price needs to be - If this can be achieved then a push to $25.3k at the upper range of the ascending wedge would be a target. Bearish Scenario: Breaking down on the bearish pennant will likely continue its move to $22.6k which is the slightly more expected scenario to occur here. Bullish Factors: + Still holding 50 DEMA support + Daily: Bullish Divergence + Daily: Incoming McFly + Exchange Reserve turned positive + Exchange Netflow Total turned positive + Active Addresses turned positive + Transactions turned positive Bearish Factors: - Flipping the 20 DEMA - Bearish Pennant Formed - Incoming Mcfly Signal - Consolidating Under Key Resistance - Lost Key Ascending Trendline Support to confirm breakdown of longer term ascending wedge - Weekly: Incoming McFly - Lost Key Support - Transfer Volume turned negative - Funding Rate turned negative Key News: Bull: + Crypto.com Business License Approved by UK Finance Watchdog (cryptopanic.com) + Australian convenience store chain with +170 locations now accepts #Bitcoin Bear: - #Bitcoin mining difficulty has increased by 0.63% to 28.35 trillion. - Ontario crypto exchanges impose $30K CAD annual limit on altcoin buys (cryptopanic.com) - Markets React to FOMC Meeting Minutes (cryptopanic.com) Metrics: Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. + Exchange Netflow Total - Net deposits on exchanges are low compared to the 7-day average. Lower deposits can be interpreted as lower selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. - Transfer Volume - The total number of coins transferred has decreased by -24.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has increased by 83.00% compared to yesterday. + Transactions - The total number of transactions has increased by 51.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives - Funding Rate - Short position traders are dominant and are willing to pay long traders. + Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. - Liquidation - 14032357.38 of short positions were liquidated in the last 24 hours. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend Last Value: 9,560,712,444.14 24H%: +3% 7D%: -4% Fear & Greed Index - Aug 18, 2022: Today: 30 (Fear) Yesterday: 41 (Fear) Avg. 1W: 42 😕 Avg. 2W: 38 😣 Avg. 1M: 35 😣 Avg. 2M: 26 😱 Avg. 3M: 21 😱 Avg. 6M: 25 😱 Avg. 1Y: 35 😣 🔸 #Bitcoin Price: $23,368 24h Low: $23,277 24h High: $24,439 MC Change: -$9.8B (-2.1%) Dominance: 38.4% 24h: -2.2% 7d: 0.7% 14d: 1.4% 30d: 12.2% 60d: 14.1% 200d: -38.3% 1y: -49.2%
by Kryptochristian
🤖 #BTCLIVE - 16.08 - #IDEA 🤖🤖 #BTCLIVE - 16.08 - #IDEA 🤖 Snapshot: Short-Term 20:80- Bullish:Bearish Long-Term 60:40 - Bullish:Bearish Technical Analysis: Bullish Scenario: Consolidating below key resistance at $24.2k - we have to get above this and consolidate above or pump through with big volume to test $25k - this will require additional huge volume to break through given the previous heavy rejections. Breaking $25k and either consolidating above or confirmed retest then $27k and $30k will be the targets Bearish Scenario: More likely scenario rn, consolidating below key resistance with volume diminishing a big move is expected with the first stop being $23.5k breaking through and retesting will probably confirm $22.7k and max pain here would be likely be $20k region at the bottom of the macro channel/range. There is an ultra bearish macro descending wedge that can see a possible $16k come in if it plays out although this would require some elevated FUD to drive down that far. Bullish Factors: Bullish Factors: + Long term trend support + Bullish Divergence + Bullish CME Gap + 20 and 50 DEMA lying in support Bearish Factors: - Consolidating under key Resistance - Under all EMA's and testing the 200EMA - Exhaustion on the Daily - TD6 on the Weekly - McFly Incoming on the Weekly - Wave Peak on the Daily - Active Addresses - The total number of active wallets used to send and receive coins has decreased by 15 .00% compared to yesterday. - Transactions - The total number of transactions has decreased by -12.00% compared to yesterday. Key News: Bull: + ETH Merge causing bullish sentiment market wide + 💥Revolut gets approval to offer #Bitcoin and crypto in the European Economic Area. + Fed Reveals Guidelines for Crypto Banks Who Want to Open ‘Master Accounts’ (cryptopanic.com) Bear: - Huobi #crypto exchange has announced that it will suspend derivatives trading in New Zealand. - Bear Market Rally Google Searches almost at an ATH Metrics: Exchange - Exchange Reserve - As the exchange reserve continues to rise, it indicates higher selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. + Transfer Volume - The total number of coins transferred has increased by 9.00% compared to yesterday. - Active Addresses - The total number of active wallets used to send and receive coins has decreased by 15 .00% compared to yesterday. - Transactions - The total number of transactions has decreased by -12.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives + Funding Rate - Long position traders are dominant and are willing to pay to short traders. + Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend - Last Value: 9,142,523,051.97 24H%: -8% 7D%: -9% - Liquidation - 15823977.54 of short positions were liquidated in the last 24 hours. Fear & Greed Index - Aug 16, 2022: Today: 44 (Fear) Yesterday: 45 (Fear) Avg. 1W: 42 😕 Avg. 2W: 37 😣 Avg. 1M: 34 😣 Avg. 2M: 25 😱 Avg. 3M: 20 💩 Avg. 6M: 24 😱 Avg. 1Y: 35 😣 🔸 #Bitcoin Price: $24,176 24h Low: $23,848 24h High: $25,093 MC Change: -$2.7B (-0.6%) Dominance: 38.4% 24h: -0.6% 7d: 4.2% 14d: 3.4% 30d: 16.3% 60d: 7.3% 200d: -34.4% 1y: -48.7%
by Kryptochristian
🤖 #BTCLIVE - 15.08 - #IDEA 🤖🤖 #BTCLIVE - 15.08 - #IDEA 🤖 Snapshot: Short-Term 30:70- Bullish:Bearish Long-Term 50:50 - Bullish:Bearish Technical Analysis: Bullish Scenario: Alot of bearish sentiment, mainly short term would suggest a move down to $23.6k especially with the 3rd rejection from $25k andsell orders coming in - there could be a strong rally at this position to fend off breaking down on the ascending wedge which would likely drive price for another test of $25k this would be incredibly bullish and somewhat of a make or break push. A break and hold above $25k puts $27k and $30k as realistic targets. Bearish Scenario: Short term movement down to $23.6k is likely for the local support although there could be a lot of defense at this position a breakdown and confirmed retest can see price sing quite quickly to $22.6k where the next strongest zone of support lies, max pain in the move can still push us down to $20k region which is where the bottom of this long term channel/range lies. Bullish Factors: + Weekly Pivot already filled + 200EMA is supporting +20 & 50 DEMA doming to support at the key trendline support + Transfer Volume turned positive + Active Addresses turned positive Bearish Factors: - Bearish Divergence on the 5min - Bearish divergence on the 4hr - Bearish Divergence on the 1hr - Restesting resistance - Strong Sell Orders - Broken through 20 and 50 EMA - Hard rejection from 25k for 3rd time - Exchange Netflow Total turned negative - Liquidation turned negative Key News: Bull: + ETH Merge causing bullish sentiment market wide + 💥Revolut gets approval to offer #Bitcoin and crypto in the European Economic Area. + Judge grants Ripple’s request to review videos of SEC officials (cryptopanic.com) +#Crypto exchange Gate.io has been granted a virtual asset custodial services license in Hong Kong. + Europe’s largest independent tyre re-treader, Vaculug, will accept #Bitcoin for payment! Bear: - $ETH: The “Merge” Protocol Upgrade Will Not Lower Ethereum’s Gas Fees - Hackers printed 1.2 billion $AUSD on the Acala Network through an exploit. - Brazilian #crypto lending platform BlueBenx halts withdrawals following a $32 million hack. Metrics: Exchange - Exchange Reserve - As the exchange reserve continues to rise, it indicates higher selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. + Transfer Volume - The total number of coins transferred has decreased by 31.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has decreased by 13 .00% compared to yesterday. + Transactions - The total number of transactions has increased by 26.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives + Funding Rate - Long position traders are dominant and are willing to pay to short traders. + Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend - Last Value: 9,142,523,051.97 24H%: -8% 7D%: -9% - Liquidation - 42921463.65 of short positions were liquidated in the last 24 hours.
by Kryptochristian
🤖 #BTCLIVE - 13.08 - #IDEA 🤖🤖 #BTCLIVE - 13.08 - #IDEA 🤖 Snapshot: Short-Term 40:60- Bullish:Bearish Long-Term 60:40 - Bullish:Bearish Technical Analysis: Bullish Scenario: Defending against this double top and holding above ideally $24k.1 but mainly $23.6k to not confirm this double top would be the most bullish play we can hope for - this would likely require alot of volume to come in and would create quite a high bullish conviction given alot of the bearish markers. Immediate targets in this case would be $25k and then $27k - although don't be too fooled by the short term bearish sentiment a break out here could be absolutely massive with a realistic $30k on the cards. Bearish Scenario: A slightly more favourable outcome atm, given that we are filling out a double top pattern quite nicely along with a confirmed bearish divergence perfectly on the 2nd top. immediate target if we break down on $24k will be the key support at $23.6k, then $23.1k and then $22.6k - this could quite easily continue down. Bullish Factors: + 20, 50 DEMA in close proximity for support + Holding key support and $24k support holding + On 50 EMA and HMA and support + Bullish CME Gap closing in + Exchange Reserve turned positive + Transfer Volume turned positive + Active Addresses turned positive + Relatively minimal FUD Bearish Factors: - Poor weekend volume - Double Top pattern in play - Bearish Divergence confirmed - Strong upper resistance - $25k resistance - RSi Pullback Signal - Bearish POC & Future Weekly Pivot forming - aSOPR turned negative - Taker Buy Sell Ratio turned negative Key News: Bull: + ETH Merge causing bullish sentiment market wide + "We are fully ready to regulate cryptocurrencies, says CFTC Chairman" t.co + 💥NEW: Union Bank of the Philippines to enable users buy #Bitcoin and crypto from its app! Bear: - SEC going after hedge funds for crypto - France inflation reaches 6.1%, the highest it’s seen in 37 years. - Spain inflation reaches 10.8%, the highest it’s seen in 38 years. Metrics: Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. + Exchange Netflow Total - Net deposits on exchanges are low compared to the 7-day average. Lower deposits can be interpreted as lower selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain - aSOPR - More investors are selling at a profit. In the middle of a bull market, it can indicate a market top. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. + Transfer Volume - The total number of coins transferred has increased by 14.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has increased by 22.00% compared to yesterday. + Transactions - The total number of transactions has increased by 4.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives + Funding Rate - Long position traders are dominant and are willing to pay to short traders. - Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend. + Liquidation - 65354916.17 of short positions were liquidated in the last 24 hours.
by Kryptochristian
🤖 #BTCLIVE - 12.08 - #IDEA 🤖🤖 #BTCLIVE - 12.08 - #IDEA 🤖 Snapshot: Short-Term 30:70- Bullish:Bearish Long-Term 50:50 - Bullish:Bearish Technical Analysis: Bullish Scenario: There isn't too much to suggest a much bullish sentiment. The best to hope for is a bounce at $23.5k off the lower ascending wedge trendline and pump back to the upper trendline at $25k region as quickly as possible to avoid a full break down. Up on dropping through key resistance a realistic bullish play back up is an inverse head and shoulders - this could play out over quite a long period. The best case scenario is to pump hard to try and break $25k although going into the weekend that is unlikely. Bearish Scenario: Currently playing out the final part of a head and shoulders with a $22.7k as the lower limit of it (not to say it can't go past that) - there are a few key support on the way although going into weekend not expecting them to hold - my realistic target is $22.7k with a mid-term max pain of $20k. Possibly driven by the highest inflation numbers in 35+ years in European countries. Bullish Factors: + 20, 50 DEMA in close proximity for support + Approaching Key Support + Exchange Netflow Total turned positive + aSOPR turned positive Bearish Factors: - SEC is still on a rampage - Weekend Volatility - Broke HMA, 20EMA, 50EMA - Flipped local support - Forming Head & Shoulders Pattern - 15min: Pullback & Exhaustion Signal - 1 Day: Rising Wedge in Downtrend - Lower Highs - Transfer Volume turned negative - Active Addresses turned negative - Taker Buy Sell Ratio turned negative Key News: Bull: + ETH Merge causing bullish sentiment market wide + "We are fully ready to regulate cryptocurrencies, says CFTC Chairman" t.co + Strike has partnered with Visa to launch a new card Bear: - SEC going after hedge funds for crypto - Trend forecaster G. Celente slams new CPI data, says ‘game is rigged’ (cryptopanic.com) - Indian authorities freeze #crypto exchange Vauld assets worth $46.5 million. - France inflation reaches 6.1%, the highest it’s seen in 37 years. - Spain inflation reaches 10.8%, the highest it’s seen in 38 years. Metrics: Exchange - Exchange Reserve - As the exchange reserve continues to rise, it indicates higher selling pressure. + Exchange Netflow Total - Net deposits on exchanges are low compared to the 7-day average. Lower deposits can be interpreted as lower selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. - Transfer Volume - The total number of coins transferred has decreased by -47.00% compared to yesterday. - Active Addresses - The total number of active wallets used to send and receive coins has decreased by -13 .00% compared to yesterday. + Transactions - The total number of transactions has increased by 4.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives + Funding Rate - Long position traders are dominant and are willing to pay to short traders. + Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend. + Liquidation - 19644187061861.87 of short positions were liquidated in the last 24 hours.
by Kryptochristian
🤖 #BTCLIVE - 10.08 - #IDEA 🤖🤖 #BTCLIVE - 10.08 - #IDEA 🤖 Snapshot: Short-Term 40:60- Bullish:Bearish Long-Term 70:30 - Bullish:Bearish Technical Analysis: The bullish scenario is to break the local resistance at 23.5k with volume with a short term target of 23.4k and longer term target of $27k where the CME gap and top of the range is sat, breaking through will invalidate the bear flag pattern - this will be heavily predicated on the CPI announcement today The bearish scenario is to break the local support at 22.6k with volume and the path to $22k will be very likely at the bottom of the long term range. Breaking down will confirm a long term bear flag and a realistic longer term target of $17.5k Bullish Factors: + Bullish Divergence Wave & RSI + Contrarian Rejection Signal + 20 DEMA Support + Bullish CME Gap + RSI & Wave Oversold + Wave Dip Buy Signal + CPI Announcement + aSOPR turned bullish + Active Addresses turned bullish Bearish Factors: - TD7 - Challenging Resistance - Flipped 50DEMA - Flipped Local Support - Short-Term Overbought - Lower Low, Lower High - Tornado Cash - CPI Announcement - Further Celsius Investigations - Transfer Volume turned bearish - Funding Rate turned bearish Key News: + $100K #Bitcoin could be a matter of time, says Bloomberg Intelligence - #Binance will disable off-chain transfers to WazirX on August 11th. - U.S Treasury has blacklisted 'crypto mixer' Tornado Cash. home.treasury.gov - Singapore-Based Hodlnaut Halts Withdrawals Citing ‘Market Conditions’ beincrypto.com / CPI Announcement Approximate Gauge: CPI YoY: <8.7 Bullish 8.7-9.1 Neutral probably slightly bearish 9.1> Bearish Core CPI YoY <5.9 Bullish 5.9-6.1 Neutral 6.1> Bearish Metrics: Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. - Transfer Volume - The total number of coins transferred has decreased by -24.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has increased by 22.00% compared to yesterday. + Transactions - The total number of transactions has increased by 8.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives - Funding Rate - Short position traders are dominant and are willing to pay long traders. - Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. / 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. - Liquidation - 33137829.14 of long positions were liquidated in the last 24 hours.
by Kryptochristian
2
🤖 #BTCLIVE - 09.08 - #IDEA 🤖🤖 #BTCLIVE - 09.08 - #IDEA 🤖 60:40 Mid-Term Bullish:Bearish Technical Analysis: Current Status: Big rejection hit as outlined in yesterdays BTCLIVE with TD9's, Exhaustion candle and bearish divergence into resistance - multiplied by the Tornado Cash blacklisting. We have taken out the high support of $23.8k and looking to test the more critical support of $23.2k. There is a large amount of support in this area: - 50EMA - 20 EMA - Weekly Pivot - CME Gap - Trendline - Potential Bullish Divergence That should hopefully, the key analysis is the bullish divergence that is not confirmed yet but could help support a retest and bounce here. A long with a pretty tight stop-loss here could be an option, although keep the stop-loss tight - very high risk. The only issue is that there is a considerably amount of unpredictable new circulating atm, especially the Tornado Cash blacklisting as this could be a floodgate to other services and the depth may be quite damaging as it is unlikely this will be isolated to just Tornado Cash. The rest of the news is not particularly impactful so just keep an eye on how this unfolds - it will be interesting to see what the US does when on line. On the whole I am still more bullish than bearish Bullish Scenario Bounce here at $23.2k and track up to longterm range target of $25k - $26k. A lot of TA suggesting a possible bounce along with a lot of volume if the US market doesnt drop the price below $23k the it would all be relatively bullish. Bearish Scenario If the Tornado Cash impact unfolds to affect more services then unloading of BTC reserves could start occurring - I believe this was the cause of the recent dump - a daily close below $23.2k would likely lead to further downward pressure with a realistic target of $22k. Key News: + Iran completes its first foreign trade worth $10 million using #cryptocurrency. - @circlepay 's USDC has officially blacklisted every Ethereum address sanctioned by the US Treasury + $100K #Bitcoin could be a matter of time, says Bloomberg Intelligence + UAE-based retail store Day To Day will accept #Bitcoin and other cryptocurrencies as payment methods. - #Binance will disable off-chain transfers to WazirX on August 11th. - U.S Treasury has blacklisted 'crypto mixer' Tornado Cash. home.treasury.gov - Singapore-Based Hodlnaut Halts Withdrawals Citing ‘Market Conditions’ beincrypto.com Metrics: Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain - aSOPR - More investors are selling at a profit. In the middle of a bull market, it can indicate a market top. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. + Transfer Volume - The total number of coins transferred has increased by 30.00% compared to yesterday. - Active Addresses - The number of active wallets used to send and receive coins has decreased by -4.00% compared to yesterday. + Transactions - The total number of transactions has increased by 2.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives + Funding Rate - Long position traders are dominant and are willing to pay to short traders. - Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend. - Liquidation - 22775722.97 of long positions were liquidated in the last 24 hours.
by Kryptochristian
🤖 #BTCLIVE - 05.08 - #IDEA 🤖🤖 #BTCLIVE - 05.08 - #IDEA 🤖 70:30 Long-Term Bullish:Bearish Technical Analysis: Current Status: Confirmed a descending broadening wedge - since the 1st August with the latest to failed breakouts. These are particularly bullish patterns - based on historical data showing a 79% frequency of breaking up from them. In the same data set it is claiming a 33%, although suggest you ignore that. With options expiration there is expected volatility which could see the breakout happen today although based on the most recent rejection we have seen some good support come at the POC line and 20 DEMA was lying in wait just below too. If it breaks out again things are turning v.bullish although breakout is not confirmed yet. Bullish Scenario Breaking and retesting $23.4k will see a short term target of approx. $24k and a bigger term target of $25.5k Bearish Scenario A Break down and retest of $22.7k will likely start the descent to $21.5k at the lower range of the longer term - breaking down on that will spell major bloodshed. Key News: - Pornhub no longer uses VISA/Mastercard likely to fall back on Crypto - Coinbase has received a class action lawsuit alleging the #crypto exchange made false claims regarding its business activities - Options Expiration - Elon Musk said to expect a recession Metrics: Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index (MPI) - Miners' are selling holdings in a moderate range compared to its one-year average. + Puell Multiple - Miner's revenue is 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. On-Chain + aSOPR More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins. + Net Unrealized Profit and Loss (NUPL) - Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. + Transfer Volume - The total number of coins transferred has increased by 315.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has increased by 21.00% compared to yesterday. + Transactions - The total number of transactions has increased by 72.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium - Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives + Funding Rate - Long position traders are dominant and are willing to pay to short traders. - Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers. / Open Interest - As OI decreases, it indicates investors are closing futures positions and possibility of trend reversals. In turn, this might trigger the possibility of long/short-squeeze caused by sudden price movement or vice versa. + Liquidation - 15624591.41 of short positions were liquidated in the last 24 hours.
by Kryptochristian
⚡️ #BTCLIVE - 04.08 ⚡️⚡️ #BTCLIVE - 04.08 ⚡️ 60:40 Bullish:Bearish Current Status: At the bottom of a symmetrical triangle - bouncing twice recently with relatively level volume showing distinct signs of ranging. Longer term Bullish Divergence is now in play. Unfilled CME Gap sitting at 23.7k to 23.9k along with the POC, both bullish. On a more macro level currently sat in the middle of a longer term range that is effectively a bear flag with a high of $25.5k and a low of $21.5k. Expecting to see a break out of this consolidation triangle over the next 24hours - direction unconfirmed. News: - Coinbase X BlackRock Partner for institutional investment > Bullish on BTC & ETH - Coinbase starts Ethereum Staking > Bullish on BTC & ETH - META introduces Coinbse Wallets to platform > Bullish on BTC - Options Expiry Friday > Heavy Volatility - China x Taiwan FUD/Conflict > Bearish on all markets On-Chain Growing supply in older age bands - This signifies that both HODLers be HODLing, AND that they are not spending their cold storage coins. Declining supply in younger age bands - literally the equal and opposite reaction. Generally speaking - this is what we want and are starting to see for a bear market floor Bullish Scenario Breaking and retesting $23.4k will see a short term target of approx. $24k and a bigger term target of $25.5k Bearish Scenario A Break down and retest of $22.7k will likely start the descent to $21.5k at the lower range of the longer term - breaking down on that will spell major bloodshed.
by Kryptochristian
2
Onchain: Miners,banks and whales did not support the bull market A look at various Onchain metrics shows that miners, banks, and whales do not support the increase in the price of Bitcoin. Banks continued to reduce their Bitcoin reserves and the miners sold their bitcoins. Bitcoin Exchange Wall Ratio has also shown the increase in the entry of Bitcoin into the exchanges by whales. On the other hand, With the reduction of network difficulty and mining cost, we saw an increase in Bitcoin sales by miners. These show the market still does not have enough support for the price increase at the moment
by cryptoonchain
1
⚡️ #ETH/USD - The Merge-ereum ⚡️#PEOPLESCHOICE #ETH Probably the most talked about and promising assets to hold rn, it is pretty hard to go anywhere in crypto atm with out getting slapped with some Mergereum news. although it is what the market needs right now, so no complaints here- with huge consistent volume coming in them Whales are accumulating. As per some handy on-chain data the larget ETH buy in 7 months has been made at $1.7b which is a whole lotta ETH at these levels. The big story is the Merge - whilst its not in the roadmap for Sept. it is a prediction of one of the devs there. Projection on chart are based on the perfect scenario - ie no more global meltdowns or FUD and is ultimately subject to BTC. Expecting a retrace with TD9 forming, trendline & price resistance as well as a Bearish peak on the Alpha Wave.
BINANCE:ETHUSDLong
by Kryptochristian