🤖 #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...f-crypto-mining?utm_source...
- 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
www.theblock.co...f-crypto-mining?utm_source...
- 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%
