The Puell Multiple is one of the best-known BTC price tools. Its readings judge the likelihood of a sell-off or uptick based on miner profitability. Currently, it makes little sense for miners to sell unless out of sheer necessity.
The metric is now trading at the 1.40 level, closer towards the green zone, where miners have a lesser incentive to sell. This signifies potential buying opportunities should the multiple declines to below 1.0.
The metric is now trading at the 1.40 level, closer towards the green zone, where miners have a lesser incentive to sell. This signifies potential buying opportunities should the multiple declines to below 1.0.
#TWTUSDT
TWT is testing the support of a descending triangle, entering short once we break the one to downward.
TWT is testing the support of a descending triangle, entering short once we break the one to downward.
#VETUSDT
VET transformed into an ascending triangle. After the possible breakout to the upside the price return to test previous levels.
VET transformed into an ascending triangle. After the possible breakout to the upside the price return to test previous levels.
#BTCUSDT
Open a small low risk long position just to hedge myself in case the whole structure breaks down.
Open a small low risk long position just to hedge myself in case the whole structure breaks down.
#OCEANUSDT
It would be bullish for OCEAN if it breaks out of this ascending triangle. Targets is on the chart.
It would be bullish for OCEAN if it breaks out of this ascending triangle. Targets is on the chart.