🤖 #BTCLIVE - 26.08 - #IDEA 🤖
TLDR:
Short-Term (<1 Day)
60:40- Bullish:Bearish
Mid-Term (<1 Week)
50:50
Bullish:Bearish
Long-Term (1 Month
70:30 - Bullish:Bearish
TECHNICAL ANALYSIS:
There is simply no way of calling this right now - ultimately leading into the weekend with a good bit of bearish sentiment from Jerome Powell is not ideal although there has been some huge support come in and alot of technical bullish factors. Although ultimately unless we get back above $21.6k then things are expected to be quite bearish for the weekend at least, general targets are largely unchanged at $20.8k and then $20k for a bearish turn and then if we can get back above $21.5k then looking at $22.6k targets, but for the most part its looking like Jerome Powells speech is carrying more weight than the support TA data.
Technical Analysis Bullish Factors:
+ Semi-Bullish Info from the Fed
+ Huge bearish rejection
+ Multiple Bullish Divergences
+ Almost back in the macro channel
+ DXY dropping
+ Bullish Weekly Pivot
+ MFI Turning bullish
Technical Analysis Bearish Factors:
- Just trading under key local resistance
-Rejection from the 200EMA
+ Jerome Powell dropping some bearish sentient "US economy should brace for some pain"
NEWS:
Bull:
+ PCE
MoM: -0.1%
MoM Est. 0.0%
Core PCE MoM: 0.1%
Core MoM Est. 0.2%
This is good
+ Fed's Bostic says he's leaning toward a 0.50% interest rate hike in September.
+ Fed’s Bostic says he doesn’t have a recession built into forecast.
Bear:
- FED Chair Jerome Powell says US economy should brace for "some pain."
METRICS (Last 24 hours):
Bull
Bear
- Liquidations turned negative
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:
0.17605995
24H%:
-122%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.57686097
24H%:
+10%
ON-CHAIN:
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
Realizing loss
Last Value:
0.98629807
24H%:
0%
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
Low long-term holders' movement
Last Value:
0
24H%:
-
- 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.
Captulation
Last Value:
-0.00280923
24H%:
-182%
+ Transfer Volume - The total number of coins transferred has increased by 69.00% compared to yesterday.
+ Active Addresses - The number of active wallets used to send and receive coins has increased by 108.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 163.00% compared to yesterday.
INVESTOR SENTIMENT
- Coinbase Premium - US investors' buying pressure is relatively weak 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.
Last Value:
-0.00002718
24H%:
-96%
+ Taker Buy Sell Ratio - Buying sentiment is dominent in the derivatives market. More buy orders are filled by takers.
Buy:
0.50461154
Sell:
0.49538846
/ 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:
8,512,473,517.51
24H%:
-1%
7D%:
+1%
- Liquidation -12817135.07 of short positions were liquidated in the last 24 hours.
Long:
12,817,135.07
Short:
7,369,912.23
MARKET SENTIMENT:
Fear & Greed Index - Aug 26, 2022:
Today: 27 (Fear)
Yesterday: 25 (Extreme Fear)
Avg. 1W: 27 😱
Avg. 2W: 34 😣
Avg. 1M: 34 😣
Avg. 2M: 28 😱
Avg. 3M: 22 😱
Avg. 6M: 25 😱
Avg. 1Y: 34 😣
🔸 #Bitcoin
Price: $21,616
24h Low: $21,375
24h High: $21,768
MC Change: $4.3B (1.1%)
Dominance: 38.0%
24h: 1.0%
7d: -7.5%
14d: -9.7%
30d: 1.8%
60d: 2.7%
200d: -49.1%
1y: -55.9%
TLDR:
Short-Term (<1 Day)
60:40- Bullish:Bearish
Mid-Term (<1 Week)
50:50
Bullish:Bearish
Long-Term (1 Month
70:30 - Bullish:Bearish
TECHNICAL ANALYSIS:
There is simply no way of calling this right now - ultimately leading into the weekend with a good bit of bearish sentiment from Jerome Powell is not ideal although there has been some huge support come in and alot of technical bullish factors. Although ultimately unless we get back above $21.6k then things are expected to be quite bearish for the weekend at least, general targets are largely unchanged at $20.8k and then $20k for a bearish turn and then if we can get back above $21.5k then looking at $22.6k targets, but for the most part its looking like Jerome Powells speech is carrying more weight than the support TA data.
Technical Analysis Bullish Factors:
+ Semi-Bullish Info from the Fed
+ Huge bearish rejection
+ Multiple Bullish Divergences
+ Almost back in the macro channel
+ DXY dropping
+ Bullish Weekly Pivot
+ MFI Turning bullish
Technical Analysis Bearish Factors:
- Just trading under key local resistance
-Rejection from the 200EMA
+ Jerome Powell dropping some bearish sentient "US economy should brace for some pain"
NEWS:
Bull:
+ PCE
MoM: -0.1%
MoM Est. 0.0%
Core PCE MoM: 0.1%
Core MoM Est. 0.2%
This is good
+ Fed's Bostic says he's leaning toward a 0.50% interest rate hike in September.
+ Fed’s Bostic says he doesn’t have a recession built into forecast.
Bear:
- FED Chair Jerome Powell says US economy should brace for "some pain."
METRICS (Last 24 hours):
Bull
Bear
- Liquidations turned negative
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:
0.17605995
24H%:
-122%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.57686097
24H%:
+10%
ON-CHAIN:
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
Realizing loss
Last Value:
0.98629807
24H%:
0%
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
Low long-term holders' movement
Last Value:
0
24H%:
-
- 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.
Captulation
Last Value:
-0.00280923
24H%:
-182%
+ Transfer Volume - The total number of coins transferred has increased by 69.00% compared to yesterday.
+ Active Addresses - The number of active wallets used to send and receive coins has increased by 108.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 163.00% compared to yesterday.
INVESTOR SENTIMENT
- Coinbase Premium - US investors' buying pressure is relatively weak 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.
Last Value:
-0.00002718
24H%:
-96%
+ Taker Buy Sell Ratio - Buying sentiment is dominent in the derivatives market. More buy orders are filled by takers.
Buy:
0.50461154
Sell:
0.49538846
/ 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:
8,512,473,517.51
24H%:
-1%
7D%:
+1%
- Liquidation -12817135.07 of short positions were liquidated in the last 24 hours.
Long:
12,817,135.07
Short:
7,369,912.23
MARKET SENTIMENT:
Fear & Greed Index - Aug 26, 2022:
Today: 27 (Fear)
Yesterday: 25 (Extreme Fear)
Avg. 1W: 27 😱
Avg. 2W: 34 😣
Avg. 1M: 34 😣
Avg. 2M: 28 😱
Avg. 3M: 22 😱
Avg. 6M: 25 😱
Avg. 1Y: 34 😣
🔸 #Bitcoin
Price: $21,616
24h Low: $21,375
24h High: $21,768
MC Change: $4.3B (1.1%)
Dominance: 38.0%
24h: 1.0%
7d: -7.5%
14d: -9.7%
30d: 1.8%
60d: 2.7%
200d: -49.1%
1y: -55.9%
