It is worth keeping an eye on this gap on USDC.D because it could be used as a potential flashpoint and space to create an earthquake in the crypto market.
The vast majority of intestors and traders are watching USDT.D which is a mistake looking at the fact that USDC is also a very important player in the market
Welcome to my daily chart of Bitcoin - this is a series of technical analyses
Think of it as a standard trade "newspaper"
In the wake of yesterday's data, bitcoin did not feel too well and reacted perfectly to our liquidity zone and orderblock.
Accumulation in this area can be seen over the weekend or early Monday
Welcome to my chart for bitcoin for today - this is a series of technical analyses that appear daily on my profile.
I encourage you to watch because this is a standard presser that is worth keeping an eye on daily during your speculations.
Just three weeks before the expected date of the Merge, financial regulators at the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) dropped a bomb on the crypto world with the sanctioning of the Ethereum-based Tornado Cash mixer. There remain a lot of unknown implications, but many developers and node operators decided they...
On the 4-month chart, we see a sequence that may take place again.
We wait for the Doji Candle after which we look for a level preferably from a double bottom.
The range in this case is over 100% and we will call it a dead cat bounce
The reading, preliminary, of CPI inflation for July did not bring much surprise. The dynamics amounted to 15.5% y/y equaling the June reading. A large part of the market assumed that a month ago we observed a peak in dynamics, meanwhile we received a flattening. From the MPC's perspective, this doesn't change much (sub-1x25b expected). Interestingly, we received a...
Demand and supply zones from 30.07 to 02.08 for bitcoin.
With a mix of elliot waves, we see that the upward movement may not be over yet.
We need to see some correction of the current zone, catch the supply gap and bring back higher volume to push the final phase of the bullish breakout.
Bitcoin Trades Cautiously Even as Real Yield, Dollar Support Bullish Stance
The U.S. 10-year real yield has dropped 46 basis points in two weeks, offering bullish cues to risk assets, including bitcoin.