🤖 #BTCLIVE - 11.08 - #IDEA 🤖🤖 #BTCLIVE - 11.08 - #IDEA 🤖
Snapshot:
Short-Term
50:50- Bullish:Bearish
Long-Term
70:30 - Bullish:Bearish
Technical Analysis:
The bullish scenario is to break $24.75k with strong volume to remove the above sell orders confidently and hold for the daily close - it will strongly confirm a push up to $27k since there is very little resistance on the way along with a bullish CME gap target and top of the macro range.
The Beraish scenario here is losing $24.2k again will push it down likely further to $23.5k where there should be some support there is a chance it can form an inverse head and shoulders pattern here and bounce quite nicely but short therm there could be blood to take out a lot of leveraged longs.
Bullish Factors:
+ Little overhead resistance
+ Broken Key Resistance with strong support
+ MFI is positive
+ Above all key EMA's
+ Above 20 & 50 DEMA
+ $250 billion inflows crypto market cap in last 30 days
+ ETH Merge causing bullish sentiment
+ Positive CPI Data
+ Transfer Volume turned positive
+ Funding Rates turned positive
+ Taker Buy Sell Ratio turned positive
+ Liquidations turned positive
Bearish Factors:
- SEC is still on a rampage
- RSI Pullback Signal
- Bearish RSI & Wave Divergence
- At Local Resistance
- Wave Reversal
- RSI and Wave Overbought
- Volume slowing down
- Large Sell Orders
- Trendline Resistance
- Exchange Reserve turned negative
- aSOPR turned negative
Key News:
+ ETH Merge causing bullish sentiment market wide
- U.S Treasury has blacklisted 'crypto mixer' Tornado Cash.
+ CPI Announcement - 8.5% - sub 8.7% was deemed bullish
- SEC Subpoenaed Coinbase
+ $250 billion inflows crypto market cap in last 30 days
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 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 5.00% compared to yesterday.
+ Active Addresses - The total 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 55.00% 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 - Buying sentiment is dominent in the derivatives market. More buy 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 - 101609383.99 of short positions were liquidated in the last 24 hours.
SEC
SPAC: Special Acquisition to "IPO private companies"Dipping your toes into the wild "reverse IPO" SPACs....
A SPAC, Special Purpose Acquisition Company, is a company that uses its funds to transform existing private companies to list them on the Stock Market. Read up on the SEC.GOV on these "special" financial instruments from Wall Street and friends before risking a penny on these things.
We'll use a special SPAC acquiring a company very close to home: D-Wave Systems of Vancouver (Burnaby), Canada regulated under Canadian and BC Laws.
For D-Wave's IPO via XPOA (the SPAC) to QBTS ("quantum bits") this will be done on the NYSE listed. D-Wave Systems is currently private and a leader in Quantum Computing with North American headquarters and control. A former Canadian star is graduating to the US. See the company web site for details www.dwavesys.com
AI (Artificial Intelligence) is the future and "Quantum Bits" D-Wave QBTS might do very well as it becomes fully vetted in the USA via it's "big board", the NYSE (New York Stock Exchange). Everything needs "servers" and quantum computers are the big players in serving processing speeds. Check the past and recent clients for D-Wave Systems.
In this Tutorial, we'll use TradingView Charts to explaining the possible price action on this chart based on the public information available both in the US (new D-Wave Regulatory home) and Canada (existing D-Wave Regulatory home).
As a way of a background: D-Wave a leading Canadian Quantum SuperComputing is on its way to "move" from being privately held in Vancouver, Canada to being American sharesholder owned via NYSE under the expected symbol QBTS..SPACs are one way to play the IPO but it's all speculative. These are listed as
The very interesting thing with the Markets is Canada operates under its own rules and Laws. So something that might be approved in Court last week for example, is "public" in Canada but may not be advertised in the US until regulatory requirements are met in both Canada and the US. The Charts on XPOA (DCPM Capital), shows the spike in February 2022 when the acquisition was announced.
"Update: D-Wave to Go Public via Merger with SPAC DPCM Capital; DPCM Shares Rise
Feb 8, 202208:47 Reuters
D-Wave Systems, a provider of quantum computing systems, software, and services, said Tuesday that it has agreed to merge with special purpose acquisition company DPCM Capital (XPOA) to become a publicly-traded entity."
In July, the charts shows the XPOA (and associated XPOA.U and XPOA.W) was repriced and the market respected sending the SPAC from the $10s to the $7s
This is a SPAC to watch since D-Wave Systems is a large company located in Greater Vancouver, Canada. It was a Canadian technology company and will become one of the few (or only?) pure play US company in the Quantum Computing space.
There is a customary US publication ban until proper regulatory approval is received. The "may not be distributed in the United States" allows the company to get past stockholders to understand the restructuring. Track the official Public filings available from the SEC in the US. The SEC (Securities and Exchange Commission) being the regular lists any public information as filed by the company at: www.sec.gov
The Latest public news is www.sec.gov
A Shareholder vote to be voted on TOMORROW August 2nd 2022 Price action shows it has very good changes of being approved especially given the Provincial/State Canadian BC Court Approval last week which was public with restrictions on the company relating to publication in the US prior to Shareholder approval.
Interesting times...
DISCLOSURE & Liability Waiver: The above could be all wrong. FACT CHECK everything anonymous posts! BR is part of a group of Researchers of the Markets and regulatory protocols. SPACs are truly "special" (read up at SEC.GOV) and not for the novice investors. These "high growth speculative plays" need to be viewed with either deep fundamental analysis. HTA (Hybrid Technical Analysts) using certain "conditions" to determine when to jump on and off. Volume and changes in volume is one of the key indicators and mapping these to Regulatory Disclosures is interesting. For "XPOA SPAC to QBTS IPO", since this is the Study at this point given the Events, we expect Bullish volume to possibly resume here with a massive short squeeze as the dark uncertainties get cleared up tomorrow DPCM Capital/D-Wave Systems Special Shareholder Vote August 2nd 2022. Only shareholders as of June 2022 get to participate and vote at the Shareholder Meeting. Contact the company or Regulators for more information or post as a Comment if you know something public that isn't widely known. Just think I'm just an "Elf on summer break", I have no freaking idea where that Rudolf is! That "red nose" is a concern for some but it's NOT because the poor is a drunk. That's vicious rumours by bad actors! He was just born that way! Seriously, this is just an early "heads up" from "Up North", friendly neighbours. Hey!
Peace on Earth and at Home.
Xrp short term targets 2022 Bear I have a couple of xrp targets if we break through this descending triangle which is a bearish continuation pattern. I have targets ranging between $0.22 and $0.25. We still have negative overall market news on recession and inflation fears along with insolvent cefi platforms that are plaguing the crypto markets. We will most likely find a bottom in crypto during this bear in 2022. I am using the 4 hourly chart with the MA and EMA 200 and 210. We have great current news with the Xrp vs Sec court case but equity and crypto market factors will affect Xrp in short term then a settlemnt will eventually move Xrp into a bull run.
Diamond in the roughThe Digital Asset XRP is in a unique position compared to the rest of the market, The SEC's Lawsuit against Ripple Labs promises Clarity for the token once litigation is completed. Regulatory Clarity For XRP Will Be a Catalyst for Bullish Price action. Any Price Point bellow the 200 EMA is a bargain.
XRP vs SEC = The House Always WinsRemove any emotion you have with your XRP bag and just take a second to look at the dynamics of this entire thing.
We can all buy cum rocket, and poop bucket and even HEX or Dogecoin which are extremely risky and speculative in itself - but we can't buy XRP?
Wait a minute you're telling me we can trade all these goofy coins, but not XRP?
I can buy a bunch of trash on coinbase, but for some reason we can't buy XRP?
Look at Ripples latest tweets,
If SEC wins lawsuit, Ripple CEO Brad Garlinghouse says the company would leave the United States - Ripple CEO
(hmm - they're telling you what's going to happen - in crypto there are no read between the lines it's all out in front of you on the public ledger)
Unfortunately I see no path up. This will continue its road to 0 - ultimately getting delisted and maybe people around the world will use XRP to some extent, but most of the world has already discovered USDC, USDT, BUSD and many many other ways to send money almost instantly.
The truth is, once trust is eroded - which it has - the SEC is not going to let some random coin win against its CBDC.
Just my $.02 - feel free to tear me a new one in the comment section. BINANCE:XRPUSD
xrp long Follow up from previous xrp post, .37 was are intended target and a area for potential sell signal with diagram to show what we look for, not as clean as btc but we get the rejection the all assets will follow suit unless their btc pair show otherwise.
We will monitor .30 for a continuation lon
XRP: Can recent bullish momentum last?!XRP
Intraday - We look to Buy at 0.3771 (stop at 0.3658)
Support is located at 0.3800 and should stem dips to this area. 0.3755 has been pivotal. We are trading at oversold extremes. We look for a temporary move lower.
Our profit targets will be 0.4048 and 0.4098
Resistance: 0.4100 / 0.4250 / 0.4400
Support: 0.3900 / 0.3800 / 0.3700
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$XRP TO 0.5?$XRP is currently trading inside a pennant pattern waiting for a breakout while $BTC is trying to liquidate leveraged shorts setting at $38k before bleeding again with a -10% or more.
$XRP's lawsuit with the SEC is so boring as they postpone the decision making.
$BTC broke below the bear flag which is a very strong sell signal that will take alts to more than -30% in the near future.
XRP BULLISH ROCKET On the 1H chart, XRP seems to have formed a double top, close to the support area, a formation that indicates a bullish scenario. we are close to seeing a "W" type formation ... we are waiting for confirmation. The indicators do not seem to say anything, which shows a certain indecision of the market. On the 4 hour chart it looks like we are in an upward channel.
At the moment, XRP, unlike BTC, is not in such good condition.
Even if the market seems unfavorable for XRP, I will be guided as some top investors say: "when the signals seem to show a decline, the market can surprise and grow!"
We all know from the past years that the crypto market is full of surprises. I will be very careful these days and I will not risk more than 2% of the account.
XRP against SEC(((Since I value your time, I always provide a concise summary - feel free to request more)))
Fundamentally, I believe XRP is going well; the SEC was unable to provide sufficient documentation against Ripple.
Also, as the price is rising, please use a laddering strategy to enter retracements.
XRP vs SEC!! XRP Holds The Winning HandDaily Timeframe
Price has been Consolidating on the FIB level 0.382 for four days, the daily resistance @0.8763, with XRP having an on going case thus causing less volume of the coin being traded .
H4 Timeframe
The upward channel has been forming for the past week, From 29th - 31st candles have been consolidating on the trend line with no direction of the trend. The same trend had happened last week before the price created a new high @0.9000.
H1 Timeframe
Price is at trendline support level forming the Order Block, between 0.8500 & 0.8700 these been institutional levels, we see a dump back to 0.7700.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Ripple & SEC Settlement In April? XRP Rounded Bottom HOLDING!Will we see the SEC settle with Ripple in April? Here is the rounded bottom update and some price targets on how I could see this playing out. We also have the weekly inverted head and shoulders target of about $1.50. If this plays out we could see new all time highs on XRP into May.
XRPUSD into $0.40Contrary to popular public bias and opinion, I visualize and anticipate XRPUSD to stoop into the $0.40 price region.
Adding in fundamentals of the SEC case not ending until near-November 2022; an explosive reaction is not expected until at-around-or after the SEC case is dismantled or completed.
Technical, multiple indications present themselves to support the much needed dive into liquidity of lower regions in order to supplement an increase of price to break ATHs or at least test them.
Currently, an early entry is held in drawdown and more are being entered currently with expectations to the downside shortly occurring.
Do your due diligence, this is not advise to sell nor buy. Good luck.
Ripple Notches Another Legal VictoryThe latest development in the SEC v. Ripple case could be welcomed by the XRP Army as a positive sign.
The regulator had cited a similar case that it had brought against blockchain content platform LBRY. In the said case, a New Hampshire magistrate judge ruled on the pleadings on unconnected “selective enforcement” defense.
Ripple’s attorneys, however, argued that the SEC shouldn’t be allowed to boost its case against the firm’s fair notice defense by referencing “out of circuit” recently-decided cases. Ripple also indicated that LBRY pled a fair notice defense but the SEC didn’t move to strike it, and the omission of this in the proposed Sur-Sur-Reply is “remarkable”.
And fortunately for Ripple, Judge Analisa Torres has denied SEC’s request to file its Sur-Sur-Reply, in a conspicuous one-word order.
XRP confirming support several timesXRP has had a very interesting previous week with beautiful price swings, large buys, positive SEC lawsuit news and it all builds a much stronger XRP than we've previously known.
As XRP is building support and constructing a key level at ~0.76, this seems to be in preparation for an upcoming massive pump that might take XRP to above 1 USD, at least temporarily.
However, XRP is still following Bitcoin biblically, and that has downsides considering the continous downtrend BTC is experiencing. It is highly expected that after the SEC lawsuit is concluded, XRP to gain some more independence from BTC and be able to decide it's own fate, especially if it gets adopted for any type of governmental integration as it's expected with the USA push to ISO 20022
So far, XRP is a great scalping, swing and day trading asset. The 200 EMA is doing it's job to act as support and resistance bringing high levels of predictability.
XRP IS READY FOR A 10% PUMPHello everyone, XRP has been holding very well during these difficult times, recently Coinbase bought 40m XRP which make us think of how positive is the case with the SEC. A relist maybe?
Potential inverted H&S pattern formed at 4H powered by buying volume, add to position after neckline breakout with volume.