Most people only feel like buying when the market goes up to ride profits and big green candles!

Most people only feel like selling when the market goes down to cut the losses!

Stop this mindset.

Sell into greed and fomo.
Buy into fear and depression.

Ride the waves.

ETH weekly analysis:

ETH is holding the weekly major support of $3900-$4000 and this is must hold support. ETH is also taking the uptrend line support which is near $4000 area. ETH is now at the two strong support zones and if ETH breaks this support area then the uptrend is over and we see downtrend movement. Keep close eye on this level on weekly chart.

Total stablecoin supply just under $150 billion. USDT and USDC were responsible for most of the supply growth.

U.S. inflation surged to 6.8% in November, the highest level since 1982 — link

Funding across the board is mostly green.

$PYR centralised wallets compromised. Hacker dumping them at the market right now.

Bitcoin dominance bounced again from the 40% level and now going towards the 42% level. Bitcoin dominance to break the 40% support to bring the long waiting altseason. If Bitcoin dominance breaks above 42% then this is exit alert for altcoin positions. Although ETH, BNB and other large caps coins holding well. Keep an eye on the support and resistance level.

Digital asset investment products saw inflows totalling $88m last week, although this masks very mixed flows across providers.

Some providers saw outflows representing as much as 11% of assets under management (AuM) while others saw inflows representing 14% of AuM — link

Bitcoin’s correlation with traditional equities has been on the rise while its correlation with gold has been mostly negative.

Risk-off sentiment seems to be driving similar investor responses for equities and crypto, disrupting Bitcoin’s narrative as a safe haven and inflation hedge — link

Alts look rekt.

Every time Bitcoin has neared range lows ($47k - $48k) there's been a lot of underwater coins being spent at big losses — link

Bitcoin dominance is now testing the 42% major resistance level. Hope that BTC dominance don't break the 42% resistance otherwise we see more dump in altcoins. Keep an eye on Dominance and use stop loss in all open trades. ETH still holding above 0.08 and need to move up, if ETH losses 0.08 support then we see quick rise in Bitcoin dominance.

Bitfinex started to set a buy wall. A bunch of orders between $44500 and $45700 indicate that the bottom is almost here!

Let me remind you that last time we saw these walls at $38k - $40k in the end of September, just before the strong bounce

Around 70k ETH longs were opened in the last 24 hours on Bitfinex.

If you wonder why I rely on Bitfinex - this is basically a whales exchange. Every big move on Bitfinex become profitable, this is like insider trading

DOGE pumped because of the Elon Musk news but on charts DOGE unable to break the resistance of $0.225 area. DOGE is now trying to hold the $0.19-$0.2 level. If DOGE hold the level then we see again a retest of $0.225 area. If DOGE unable to hold the support then the last major support is $0.16 area.

53% of the top 100 cryptos by market cap are trading below their 200d moving average — link

The yesterday pump turned to be a fake pump. DOGE unable to close the daily candle above the support area. The long wick shows price rejection and heavy sell-off. The major support is $0.16 and we may see another retest in coming days. The major resistance is $0.225 and $0.2 area.

Major cryptocurrency exchange Binance has partnered with MDI Ventures, PT Telkom Indonesia's venture capital arm, to establish a crypto exchange platform.
According to a joint announcement on Dec. 15, the agreement will also seek to broaden blockchain adoption throughout Indonesia, which is home to about 240 million people.
To assist with the development of the new exchange platform, Binance will provide asset management infrastructure and technology. The agreement will also seek to increase the application of blockchain technology in Indonesia more broadly.