I'm using Zig Zag to identify Major and Minor SNR in this mapping, allowing me to identify which one have higher power to push the price. Based on this analysis, I've made up a conclusion that BTC will go down in the short-term while still maintaining bullish in the long term.
The price is currently at a downtrend, after seeing the support key levels being violated, I expect the price to rebound to respect the key levels which is what it actually did. The price will probably respect the trend and continue to go lower matching the recent support key level that has been made.
I'll expect Gold to continue going down breaking the recent support that has been made while maintaining respecting the long-term support levels below. When the Gold breaks down below, it might re-bounce but it is kinda risky to short right now, the best bet is to wait for a bullish sign and expect a buying momentum once it reaches the long-term support trend line below.
Price is currently at Clashing Zone where multiple minor resistance might push the price lower in the short-term. With the current support zone area, it probably not enough to support the price to go higher without the price consolidate and collect the liquidity before start bullish again.
Most traders tend to say; If something works in the past market, then it would work in the future. If this statement is true, then why don't just trade in a profitable day, date, and time? I wouldn't follow this kind of trade, at least for now. haha
Current Floor Axie Prices cost around 146.06 USD to breed which requires 2 AXS + 300 SLP
On this new update, they have changed the breeding fees from 2 AXS + 300 SLP to 1 AXS + 600 SLP
This will cause the floor axies prices to drop even more. Or is it? Let's assume the floor axies prices remain the same.
146.06 USD - 63.83 USD (1 AXS) = 82.23 USD.
You can get the SLP Minted and Burned database from here; www.axieworld.com
The calculation is very basic which is;
minted - burned = SLP added
price = cap / supply
I've put the random set of SLP added in the circulation based on the last 30 days as a "random picker" to project the chart
Assuming the cap remains the same without...