Bullish alerts weekly/daily - Scenarios:
No volume + short ratio down = Rejection on 22k n back to 19k
Break 22k + rejection on 25k then back to 19k
Good volume + short ratio up = break 25k to 29k
Huge bullish movement = break 29k to 33k
Huge bearish move = break 19k to 14k
#BTC Boring market 😴
Nothing crazy since last update ➡️Test 18.5k & another at 15.5k to come back to 16.5k
Bullish 🐂
Range 16k - 18.5k ➡️ break 18.5k ➡️ Target 20.4k
Break 20.4k ➡️ Target 24.5k
Bearish 🐻
Break 16k ➡️ Target 14k
Range 16k - 14k ➡️ break 14k ➡️ Target 12k
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#BTC WEEKLY:
End of the first move, now different scenarios:
🐂 Bullish:
- Test 25k then pullback on 23/22k then break 25k
- Break 25k to 28-29k
- Break 29k to 32-34k then pull back 29k
🐻 Bearish:
- Test 24k then back to 21k
- Break 21k to 19k
- Then break 19k to 14k
🧵
📉 #Ethereum $ETH Amount of Supply Last Active 1d-1w (1d MA) just reached a 1-month low of 1,982,486.892 ETH
Previous 1-month low of 1,990,237.831 ETH was observed on 09 August 2022
View metric:
https://t.co/u02oWdxYh5
Within the extremely challenging #Bitcoin market conditions of 2022, there are three entity cohorts with very interesting dynamics:
- Shrimp < 1 $BTC are stacking 🟦
- Whales > 1k $BTC are stacking 🟦
- Miners are distributing 🟥
A thread exploring these entities 🧵1/4
Watch out for the 62-64k zone on #Bitcoin
I am not bearish, I have high medium and long term #bullish objectives🚀
But this area is the old #ATH and therefore an important resistance zone that could push prices back and create some consolidation below this level for a few days
#BTC WEEKLY :
#Bitcoin dropped below 18k few days ago. Bearish scenario confirmed
Next few weeks?
If it breaks 24k then it could accelerate to 27k - 30k. This level needs to be broken for a bullish scenario.
If it closes below 18k then we could see a return to 14k.