Too much Negative Funding Rates on BNB, TRX, APE and SOL.
Not getting good Vibes from Market. What if we witness a Giant Black Swan and Capitulate in Q1 of 2023 !!
Trade with Caution
Too much Negative Funding Rates on BNB, TRX, APE and SOL.
Not getting good Vibes from Market. What if we witness a Giant Black Swan and Capitulate in Q1 of 2023 !!
Trade with Caution
@Banaa_898
Not getting good Vibes from Market. What if we witness a Giant Black Swan and Capitulate in Q1 of 2023 !!
Trade with Caution
Too much Negative Funding Rates on BNB, TRX, APE and SOL.
Not getting good Vibes from Market. What if we witness a Giant Black Swan and Capitulate in Q1 of 2023 !!
Trade with Caution
@Banaa_898
#BTC didn't gave any movement and started ranging inside the strong resistance level. This might due to global market are closed, so a breakout will decide the next week direction. Around, $17,500 is the upcoming resistance and $17,300 is the upcoming support.
Bitcoin Price Reclaims $17K But Final Capitulation May Not Be In Yet: Analysis
โ๏ธ Bitcoin could be nowhere near finding a bottom yet, said a CryptoQuant analyst.
Bitcoinโs price is already down by over 75% since its peak in November 2021, and thereโre multiple reports claiming that the bottom is in.
However, a popular analyst warned that we could be in the middle of the bear market and hinted that there might be more pain around the corner.
โ๏ธ The Worst Is Yet to Come?
While analyzing the current bitcoin landscape and focusing on the Stock to Flow ratio, the strategist (Gigi Sulivan) opposed some of the claims that BTCโs price might have already bottomed. Recall previous such assumptions based on miner capitulation, strong holder behavior, and long-term supply reaching a new all-time high.
However, Sulivan believes bitcoin could be heading into the S2F green zone (picture below) if its price gets to $20,000 โ $22,000, which could trigger another imminent sell-off. He added that such an increase could come later this week if the US CPI numbers are better than the overall estimations.He also warned that 2023 could be worse for bitcoin depending on the macroeconomic environment and whether the US and other countries enter into long recessions.
The analyst predicted back in March 2022, when BTCโs price was still well above $40,000, that it could drop all the way down below $16,700, basing his gloomy but correct forecast on the same S2F ratio.
โ๏ธ Fear and Greed Doesnโt Move
The index, which calculates the overall sentiment toward BTC from different data such as surveys, volatility, and social media comments, doesnโt paint a bright picture either.
It generally moves depending on bitcoinโs price swings from 0 (extreme fear) to 100 (extreme greed). Given the state of the market for the past year or so, itโs no surprise that it hasnโt been in the latter for a long time.
However, it has dipped into extreme fear territory quite regularly and is there now as well, even though the cryptocurrency spiked overnight and charted a monthly high above $17,000. This only goes to show that such minor price increases are not fooling the community yet, and thereโs still a long way to go before the overall perspective changes.
Bitcoinโs price is already down by over 75% since its peak in November 2021, and thereโre multiple reports claiming that the bottom is in.
However, a popular analyst warned that we could be in the middle of the bear market and hinted that there might be more pain around the corner.
While analyzing the current bitcoin landscape and focusing on the Stock to Flow ratio, the strategist (Gigi Sulivan) opposed some of the claims that BTCโs price might have already bottomed. Recall previous such assumptions based on miner capitulation, strong holder behavior, and long-term supply reaching a new all-time high.
However, Sulivan believes bitcoin could be heading into the S2F green zone (picture below) if its price gets to $20,000 โ $22,000, which could trigger another imminent sell-off. He added that such an increase could come later this week if the US CPI numbers are better than the overall estimations.He also warned that 2023 could be worse for bitcoin depending on the macroeconomic environment and whether the US and other countries enter into long recessions.
The analyst predicted back in March 2022, when BTCโs price was still well above $40,000, that it could drop all the way down below $16,700, basing his gloomy but correct forecast on the same S2F ratio.
The index, which calculates the overall sentiment toward BTC from different data such as surveys, volatility, and social media comments, doesnโt paint a bright picture either.
It generally moves depending on bitcoinโs price swings from 0 (extreme fear) to 100 (extreme greed). Given the state of the market for the past year or so, itโs no surprise that it hasnโt been in the latter for a long time.
However, it has dipped into extreme fear territory quite regularly and is there now as well, even though the cryptocurrency spiked overnight and charted a monthly high above $17,000. This only goes to show that such minor price increases are not fooling the community yet, and thereโs still a long way to go before the overall perspective changes.
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๐ Inflation rate updated.
Argentina ๐ฆ๐ท 92.4
Turkey ๐น๐ท 84.39%.
Russia ๐ท๐บ 12%
Italy ๐ฎ๐น 11.8
United Kingdom ๐ฌ๐ง 10.7%
Euro area ๐ช๐บ 10.1% Germany ๐ฉ๐บ 11.7% Italy
Germany ๐ฉ๐ช 10%
The Netherlands ๐ณ๐ฑ 9.9 percent
Mexico ๐ฒ๐ฝ 7.8
United States ๐บ๐ธ 7.1 percent
France ๐ซ๐ท 6.2
Brazil ๐ง๐ท 5.9
India ๐ฎ๐ฒ 5.88
Spain ๐ช๐ธ 5.8
Japan ๐ฏ๐ต 3.8
Switzerland ๐จ๐ญ 3%.
China ๐จ๐ณ 1.6%.
(Official government data, real inflation is probably much higher)
Argentina ๐ฆ๐ท 92.4
Turkey ๐น๐ท 84.39%.
Russia ๐ท๐บ 12%
Italy ๐ฎ๐น 11.8
United Kingdom ๐ฌ๐ง 10.7%
Euro area ๐ช๐บ 10.1% Germany ๐ฉ๐บ 11.7% Italy
Germany ๐ฉ๐ช 10%
The Netherlands ๐ณ๐ฑ 9.9 percent
Mexico ๐ฒ๐ฝ 7.8
United States ๐บ๐ธ 7.1 percent
France ๐ซ๐ท 6.2
Brazil ๐ง๐ท 5.9
India ๐ฎ๐ฒ 5.88
Spain ๐ช๐ธ 5.8
Japan ๐ฏ๐ต 3.8
Switzerland ๐จ๐ญ 3%.
China ๐จ๐ณ 1.6%.
(Official government data, real inflation is probably much higher)
Despite bearish BTC price action throughout 2022, activity on the Bitcoin network has remained stable. The number of active Bitcoin wallets was flat in 2022, at ~4.5M โ inline with the numbers from the past four years.
Looking at a four-year cycle, the active wallet count is even trending upwards slightly. But at the same time, itโs clear that active address growth has been stagnant since roughly Q1 2021.
Active address levels have found a higher base than in the previous cycle, so we havenโt seen a significant exodus of users from the Bitcoin network. But we havenโt seen significant growth, either.
Instead, weโve seen active wallets on Bitcoin remain relatively flat throughout all of 2022. Even when they peaked in 2020, they barely surpassed the prior high from 2017.
Contact - @Banaa_898
Looking at a four-year cycle, the active wallet count is even trending upwards slightly. But at the same time, itโs clear that active address growth has been stagnant since roughly Q1 2021.
Active address levels have found a higher base than in the previous cycle, so we havenโt seen a significant exodus of users from the Bitcoin network. But we havenโt seen significant growth, either.
Instead, weโve seen active wallets on Bitcoin remain relatively flat throughout all of 2022. Even when they peaked in 2020, they barely surpassed the prior high from 2017.
Contact - @Banaa_898
Options IVs have fallen towards all-time lows across a set of different expiries. For instance, the IV of 1mth, 3mth, and 6mth expiries sit at all-time lows.
@Banaa_898
@Banaa_898
๐ฅ2
Forwarded from CoinBis Official
Support Level
๐ A support level is the price at which an asset may find difficulty falling below as traders look to buy around that level.
๐ Usually, the markets prove unwilling to let an asset drop below its support level, with buyers stepping in to raise the assetโs price higher again.
๐ That makes them the opposite of resistance levels: the point at which the markets prove unwilling to let an assetโs price rise any higher.
๐ If an asset does move below its support level, then that support level is either wiped out โ and a new support level must be identified โ or reconfirmed, if lots of traders buy the asset.
๐@coinbissupport๐
๐ A support level is the price at which an asset may find difficulty falling below as traders look to buy around that level.
๐ Usually, the markets prove unwilling to let an asset drop below its support level, with buyers stepping in to raise the assetโs price higher again.
๐ That makes them the opposite of resistance levels: the point at which the markets prove unwilling to let an assetโs price rise any higher.
๐ If an asset does move below its support level, then that support level is either wiped out โ and a new support level must be identified โ or reconfirmed, if lots of traders buy the asset.
๐@coinbissupport๐
Bitcoin Battles For $21K Following US DOJ News, Volatility Incoming? (BTC Price Analysis)
With Bitcoinโs recent price rally, many assume that the bear market is over. But is it too early to call bottoms?
The Daily Chart:
On the daily timeframe, the price has been rallying over the past couple of weeks, breaking above multiple static resistance levels and the significant 200-day moving average. The large falling wedge pattern has also been broken to the upside, which is usually considered a bullish reversal signal.
From a classical price action standpoint, the cryptocurrency seems likely to target the $25K level in the short term.
However, the RSI indicator suggests that BTC is massively overbought, and a bearish pullback or reversal is also highly probable in the short term. In this case, the broken 200-day moving average located around the $19,500 mark and the $18K area could be counted on as potential support levels, which could push the price higher toward the $25K mark.
With Bitcoinโs recent price rally, many assume that the bear market is over. But is it too early to call bottoms?
The Daily Chart:
On the daily timeframe, the price has been rallying over the past couple of weeks, breaking above multiple static resistance levels and the significant 200-day moving average. The large falling wedge pattern has also been broken to the upside, which is usually considered a bullish reversal signal.
From a classical price action standpoint, the cryptocurrency seems likely to target the $25K level in the short term.
However, the RSI indicator suggests that BTC is massively overbought, and a bearish pullback or reversal is also highly probable in the short term. In this case, the broken 200-day moving average located around the $19,500 mark and the $18K area could be counted on as potential support levels, which could push the price higher toward the $25K mark.
#Bitcoin now started a consolidation range, which is confirmed. Price is moving towards the upper range, which might go for a breakout. Price is already floating above stront resistance and next major level around $24,450 - $24,880
#REVIEW BITCOIN
Quite hard to choose between two setups, so I'll show you both:
1. Bull flag (in grey) can easily take us to $23750 and then right to $24750! Understandable continuation of the macro move, most likely #BTC will go for a correction after that!
2. Bear triangle - the price already broke and retested the possible triangle. Hard to determine targets here, but I'm sure at least $22k should be hit in this case!
SPX affects #BTC a lot, I think that if the breakout on SPX is true, crypto will follow. In case of a fakeout, bear triangle is in play!
Quite hard to choose between two setups, so I'll show you both:
1. Bull flag (in grey) can easily take us to $23750 and then right to $24750! Understandable continuation of the macro move, most likely #BTC will go for a correction after that!
2. Bear triangle - the price already broke and retested the possible triangle. Hard to determine targets here, but I'm sure at least $22k should be hit in this case!
SPX affects #BTC a lot, I think that if the breakout on SPX is true, crypto will follow. In case of a fakeout, bear triangle is in play!
#Bitcoin continue to move inside the consolidation range as expected. Price did made a good stop-hunt on 4H, but bais if for upside. Alternatively, if range broke below $22,300 then, we've clean range till $21,300 and lower.
The public bitcoin miners have released their production updates for the first month of 2023, revealing continuous hashrate expansion and significant growth in bitcoin production from the previous month. By Hashrateindex.
Mayor of Lugano, Switzerland says in March they will unveil a spring school program for Bitcoin education.
https://twitter.com/bitcoinmagazine/status/1628486871419420672
https://twitter.com/bitcoinmagazine/status/1628486871419420672
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