🤖 #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
theblock.co/post/164371/us-lawmakers-eye-environmental-impact-of-crypto-mining?utm_source=telegram1&utm_medium=social
- 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%
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
theblock.co/post/164371/us-lawmakers-eye-environmental-impact-of-crypto-mining?utm_source=telegram1&utm_medium=social
- 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%
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