🤖 #BTCLIVE - 20.08 - #IDEA 🤖
🤖 #BTCLIVE - 20.08 - #IDEA 🤖
Snapshot:
Short-Term
30:70- Bullish:Bearish
Long-Term
80:20 - Bullish:Bearish
Technical Analysis:
Bullish Scenario:
20.7K is key to hold if there is any chance at a bullish rally - currently the double bottom is a pretty good sign but a break above 21.4k is required dor the first confirmation and targets will be 21.8k - no predictions beyond that.
Bearish Scenario:
Losing 20.7k then it will be a drop 20k with likely bounce and potential consolidation although high chance of breakdown to 18.8k Weekend volume is erratic at best so wait for confirmation of new week to asses true trajectory.
Bullish Factors:
+ Buy Signal Printed on the Hash Ribbon Indicator
+ Printed a double bottom on the 1hr
Bearish Factors:
- Broken down on macro channel and looking like retest
- DXY still pumping
- Active Addresses turned negative
- Transactions turned negative
Key News:
Bull:
+ US FED says cryptocurrencies present opportunities to banks, customers, and the whole financial system!
+ Starlink ( Elon Musk company) and World Mobile will be working together
Bear:
-
Exchange
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure.
- Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure.
Miners
/ Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average.
Moderately selling
Last Value:
0.26747583
24H%:
-139%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.6446955
24H%:
+15%
On-Chain
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
- Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure.
+ Transfer Volume - The total number of coins transferred has increased by 38.00% compared to yesterday.
- Active Addresses - The number of active wallets used to send and receive coins has decreased by -52.00% compared to yesterday.
- Transactions - The total number of transactions has decreased by -56.00% compared to yesterday.
Sentiment
+ Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase.
- Korea Premium -Korean retail investors' buying pressure is relatively strong.
- Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment.
Derivatives
- Funding Rate - Short position traders are dominant and are willing to pay long traders.
+ Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers.
- Liquidation - 21454466.85 of short positions were liquidated in the last 24 hours.
/ Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend
Last Value:
8,332,599,645.07
24H%:
0%
7D%:
-13%
Fear & Greed Index - Aug 20, 2022:
Today: 29 (Fear)
Yesterday: 33 (Fear)
Avg. 1W: 38 😣
Avg. 2W: 38 😣
Avg. 1M: 35 😣
Avg. 2M: 26 😱
Avg. 3M: 21 😱
Avg. 6M: 25 😱
Avg. 1Y: 35 😣
🔸 #Bitcoin
Price: $20,849
24h Low: $20,925
24h High: $23,246
MC Change: -44.0B (-9.9%)
Dominance: 38.1%
24h: -10.3%
7d: -14.6%
14d: -10.2%
30d: -10.6%
60d: 1.0%
200d: -45.9%
1y: -55.4%
Snapshot:
Short-Term
30:70- Bullish:Bearish
Long-Term
80:20 - Bullish:Bearish
Technical Analysis:
Bullish Scenario:
20.7K is key to hold if there is any chance at a bullish rally - currently the double bottom is a pretty good sign but a break above 21.4k is required dor the first confirmation and targets will be 21.8k - no predictions beyond that.
Bearish Scenario:
Losing 20.7k then it will be a drop 20k with likely bounce and potential consolidation although high chance of breakdown to 18.8k Weekend volume is erratic at best so wait for confirmation of new week to asses true trajectory.
Bullish Factors:
+ Buy Signal Printed on the Hash Ribbon Indicator
+ Printed a double bottom on the 1hr
Bearish Factors:
- Broken down on macro channel and looking like retest
- DXY still pumping
- Active Addresses turned negative
- Transactions turned negative
Key News:
Bull:
+ US FED says cryptocurrencies present opportunities to banks, customers, and the whole financial system!
+ Starlink ( Elon Musk company) and World Mobile will be working together
Bear:
-
Exchange
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure.
- Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure.
Miners
/ Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average.
Moderately selling
Last Value:
0.26747583
24H%:
-139%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.6446955
24H%:
+15%
On-Chain
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
- Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure.
+ Transfer Volume - The total number of coins transferred has increased by 38.00% compared to yesterday.
- Active Addresses - The number of active wallets used to send and receive coins has decreased by -52.00% compared to yesterday.
- Transactions - The total number of transactions has decreased by -56.00% compared to yesterday.
Sentiment
+ Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase.
- Korea Premium -Korean retail investors' buying pressure is relatively strong.
- Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment.
Derivatives
- Funding Rate - Short position traders are dominant and are willing to pay long traders.
+ Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers.
- Liquidation - 21454466.85 of short positions were liquidated in the last 24 hours.
/ Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend
Last Value:
8,332,599,645.07
24H%:
0%
7D%:
-13%
Fear & Greed Index - Aug 20, 2022:
Today: 29 (Fear)
Yesterday: 33 (Fear)
Avg. 1W: 38 😣
Avg. 2W: 38 😣
Avg. 1M: 35 😣
Avg. 2M: 26 😱
Avg. 3M: 21 😱
Avg. 6M: 25 😱
Avg. 1Y: 35 😣
🔸 #Bitcoin
Price: $20,849
24h Low: $20,925
24h High: $23,246
MC Change: -44.0B (-9.9%)
Dominance: 38.1%
24h: -10.3%
7d: -14.6%
14d: -10.2%
30d: -10.6%
60d: 1.0%
200d: -45.9%
1y: -55.4%
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