🤖 #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 [beincrypto.com] (cryptopanic.com/news/16081964/Cryptocom-Business-License-Approved-by-UK-Finance-Watchdog?utm_source=notifications&utm_medium=webhooks&utm_campaign=telegram)
+ 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 [cointelegraph.com] (cryptopanic.com/news/16078047/Ontario-crypto-exchanges-impose-30K-CAD-annual-limit-on-altcoin-buys?utm_source=notifications&utm_medium=webhooks&utm_campaign=telegram)
- Markets React to FOMC Meeting Minutes [cryptobriefing.com] (cryptopanic.com/news/16077351/Markets-React-to-FOMC-Meeting-Minutes?utm_source=notifications&utm_medium=webhooks&utm_campaign=telegram)
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%
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 [beincrypto.com] (cryptopanic.com/news/16081964/Cryptocom-Business-License-Approved-by-UK-Finance-Watchdog?utm_source=notifications&utm_medium=webhooks&utm_campaign=telegram)
+ 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 [cointelegraph.com] (cryptopanic.com/news/16078047/Ontario-crypto-exchanges-impose-30K-CAD-annual-limit-on-altcoin-buys?utm_source=notifications&utm_medium=webhooks&utm_campaign=telegram)
- Markets React to FOMC Meeting Minutes [cryptobriefing.com] (cryptopanic.com/news/16077351/Markets-React-to-FOMC-Meeting-Minutes?utm_source=notifications&utm_medium=webhooks&utm_campaign=telegram)
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%
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.