Ethereum continues to see outflows, with US$16m of outflows last week.
Our next support is 1700$ and resistance for now our Fib levels!
Death cross about to occur ( Ma50 and Ma200)
My advice be careful “no futures” market full of bear trap and bull trap! Patience is best..Market will liquidate greedy players!!!
As we can see the price squezzing inside the triangle..probably tomorrow we might see sharp move “up or down”
Btc volatility 39% which means too early to talk about new ATH’s
1) If the market wants to liquidate shorts,there will be a short squeeze approximately 46K-47K could be more!
2) If long squeeze; price may drop to 35k-36K
3) Institutional investors...
As we can see Avax made Head and shoulders,retested neckline! Price can fall to 50$..I know sounds “so bearish” but everything is possible in this market.There will be minimum 4 interest rates increase this year to come in the US which is not good for us (for Crypto)
Not financial advice! Stay safe..
Everyday we are receiving important data which could affect the markets..Today at 10:00 Fed chair Powell testifies - if we dont lose today our major support 39.600 I would consider 39.600 as our bottom and market will recover slowly..
How if we lose our support? Our next support at 37400.
Imo if we lose 39600 we could see more sell pressure arise
Keep an eye on...
As I said no major changes..everything as we expected!
Our strong support as I mentioned blue uptrend line..and fib level 38.20%
We still dont know exactly where is the bottom as long as Macro risky(
My advice dont listen anybody who is saying buy the dip..keep an eye on Macro!
Dont forget that we are small fish in this market :D Big players not...
The first VR head-mounted display (HMD) system, The Sword of Damocles, was invented in 1968 by computer scientist Ivan Sutherland and his student Bob Sproull. As I said “No force on earth can stop an idea whose time has come” They can ban crypto,bitcoin,stablecoin, etc. Except Metaverse and Nft! I believe that “Mana” is bitcoin for Metaverse world!
Soon Ma20 will cross Ma200 (from above to below) mini death cross! Then we need to watch Ma50 and Ma200!
I want to ask all the Youtuber’s (moonboyzzz) who was saying 50k was bottom “Buy the dip” If it was bottom ser where is the buyers???
All I know below the 39k market is dead for a while!
Fantom: as we can see there is a potential H&S pattern in 4h..Well H&S may be failed if price will breakout right shoulder.If cant breakout right shoulder and breaks the neckline of H&S price can fall to 1.77 (which is our fib level and Ma200)
1) Iran bans Bitcoin mining until March!
2) All Chinese have to sell their crypto before EOY!
Eth is moving within a descending channel!
For now our Resistance - upper trendline of channel
Support - downtrend of channel, MA200, fib levels.
Price has to breakout upper trendline of channel and hold to be bullish again.
Not financial advise!
We are at the support :) as I mentioned if it breaks down and also BTC need to be stable - then ALTSEASON party will start!
BUT Bitcoin Dominance - at the same level from where we bounced in 17th May and 6th September!
Bouncing at this level (40’s) will make a bloody hell for ALTs!
Imo (In my opinion) we will bounce from here to 50’s and dump from there to 30’s...
Leverage ratio hits all time high (scary)
For new ATH - market has to liquidate the 40-45K longs and the 49-54K shorts!
Looking back at June, we can see a similar bull trap POTENTIALLY forming. Eventually 24B$ options expiring 12/31
Im expecting big moves on 31th!
Not financial advice! Stay safe!
1) Avax made double top! Price can fall to 105$ which is fib level 50.00% and Ma200!
2) Price was in bearish wedge, now we can see its broken! Tbh I wont surprise if price will touch one more time 75$
As we can see resistance finally broken! Sand made triple bottom.
If SAND holds above resistance and of course if “daily close” above resistance then we could see more bullish pressure arise!
Targets 5.80 - 6.30
Since November Dot is in Descending channel..(
Our resistance is upper line of channel
Our daily support is bottom line of channel
Strong support zone as I mentioned Red uptrend line and our fib level 23.60% (which is 18.90$)
Only if it breaks our resistance and holds..dot is bullish again!
We can see the price was in bearish pennant or descending triangle.Now trying to breakout..
Our resistance still same red downtrend line.Btc likely will try to breakout and we may see local pump! Targets around 53-55
How it can pump if Btc percent on exchanges increasing?!
Maybe we have to look “Exchange BTC Futures Open Interest” ah noo funding rates and...
Yesterday we lost our support MA200..
Our next supports 44690,42744 and strong support at 39600!
Until BTC breaks our resistance (red downtrend line) and hits above 52-53K we have zero confirmation that the downtrend is over.
Stay safe ;)
As I mentioned if break support 3900 (neckline of H&S) ETH can dump to next support zone between 3500 and 3300!
Only after breakout resistance price is bullish again! All depends on BTC
Btc depends on;
1) Evergrande payment which is last day 13th December
2) US senate meeting:Hearings to examine stablecoins, focusing on how they work, how they are used, and...