🤖 #BTCLIVE - 25.08 - #IDEA 🤖
TLDR:
Short-Term (<1 Day)
60:40- Bullish:Bearish
Mid-Term (<1 Week)
60:40
Bullish:Bearish
Long-Term (1 Month
60:40 - Bullish:Bearish
TECHNICAL ANALYSIS:
There is quite alot of factors pointing towards a bshort-term bullish move, broadening wedge on the short term and the bullish symmetrical triangle to suggest a little pump. Mainly I am looking at the bullish divergence that is in play, they have been extremely reliable in this past week. The DXY is dropping still too which is always bullish. There is additionally some nice bullish news floating around to help stop the fear. I think if we can hold $21k over the next 12-24 hours we should break up with an initial target of $22.5k
The bearish scenario here is simply losing $21k will be bad news , very quickly to support at $20.7k and given its proximity will likely not hold seeing a very likely $20k and maybe lower for the weekend.
Technical Analysis Bullish Factors:
+ Short Term Broadening wedge
+ Mid Term Symmetrical Triangle with bullish entry
+ Bullish Weekly Pivot
+DXY is still dropping
+ Bullish Divergence
Technical Analysis Bearish Factors:
- Slightly Bearish Options expiration expectations over next couple of days
- 200EMA is coming in hot
NEWS:
Bull:
+ Zero fee ETH trading - naturally bring new blood into the market
+ Russia & India no longer need the US Dollar
www.rt.com/business/...ont-need-dollar/amp/
+ Amendments to US commercial code differentiate crypto and ‘electronic money’ (cryptopanic.com...lectronic-money?utm_source...)
+ Intel has struck $30B deal to build a new chip factory - part of which will be used to build #Bitcoin mining chips. 🙌
Bear:
- Options Expiry incoming - volatility definitely leaning slightly bearish
- Bitcoin price in limbo as Fed Chair prepares to address global central bankers (cryptopanic.com...central-bankers?utm_source...)
METRICS (Last 24 hours):
Bull
+ Active addresses turned positive
+ Transfer Volume turned positive
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:
-0.81844147
24H%:
-7%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.52463076
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.
Realizing loss
Last Value:
0.98362702
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:
-0.00132546
24H%:
-422%
- Transfer Volume - The total number of coins transferred has decreased by -9.00% compared to yesterday.
+ Active Addresses - The number of active wallets used to send and receive coins has increased by -40.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by -52.00% 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:
-0.00064535
24H%:
-82%
+ Taker Buy Sell Ratio - Buying sentiment is dominent in the derivatives market. More buy orders are filled by takers.
Buy:
0.53838772
Sell:
0.46161228
/ 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:
8,461,545,292.51
24H%:
-3%
7D%:
-11%
+ Liquidation -6168430.89 of short positions were liquidated in the last 24 hours.
Long:
6,168,430.88
Short:
5,432,935.55
MARKET SENTIMENT:
#BOTPARTY
Assign your Max Active Deals based on the 7 Day Fear & Greed Average Accordingly.
F&G Filter:
0 - 20 - 100% Max Active Deals
20 - 40 - 80% Max Active Deals
40 - 60 - 60% Max Active Deals
60 - 80 - 40% Max Active Deals
80 - 100 - 20% Max Active Deals
Fear & Greed Index - Aug 25, 2022:
Today: 25 (Extreme Fear)
Yesterday: 25 (Extreme Fear)
Avg. 1W: 28 😱
Avg. 2W: 35 😣
Avg. 1M: 34 😣
Avg. 2M: 28 😱
Avg. 3M: 22 😱
Avg. 6M: 25 😱
Avg. 1Y: 34 😣
🔸 #Bitcoin
Price: $21,394
24h Low: $21,211
24h High: $21,800
MC Change: -$2.8B (-0.7%)
Dominance: 38.1%
24h: -0.7%
7d: -10.5%
14d: -7.8%
30d: -5.4%
60d: 0.6%
200d: -48.7%
1y: -56.8%
TLDR:
Short-Term (<1 Day)
60:40- Bullish:Bearish
Mid-Term (<1 Week)
60:40
Bullish:Bearish
Long-Term (1 Month
60:40 - Bullish:Bearish
TECHNICAL ANALYSIS:
There is quite alot of factors pointing towards a bshort-term bullish move, broadening wedge on the short term and the bullish symmetrical triangle to suggest a little pump. Mainly I am looking at the bullish divergence that is in play, they have been extremely reliable in this past week. The DXY is dropping still too which is always bullish. There is additionally some nice bullish news floating around to help stop the fear. I think if we can hold $21k over the next 12-24 hours we should break up with an initial target of $22.5k
The bearish scenario here is simply losing $21k will be bad news , very quickly to support at $20.7k and given its proximity will likely not hold seeing a very likely $20k and maybe lower for the weekend.
Technical Analysis Bullish Factors:
+ Short Term Broadening wedge
+ Mid Term Symmetrical Triangle with bullish entry
+ Bullish Weekly Pivot
+DXY is still dropping
+ Bullish Divergence
Technical Analysis Bearish Factors:
- Slightly Bearish Options expiration expectations over next couple of days
- 200EMA is coming in hot
NEWS:
Bull:
+ Zero fee ETH trading - naturally bring new blood into the market
+ Russia & India no longer need the US Dollar
www.rt.com/business/...ont-need-dollar/amp/
+ Amendments to US commercial code differentiate crypto and ‘electronic money’ (cryptopanic.com...lectronic-money?utm_source...)
+ Intel has struck $30B deal to build a new chip factory - part of which will be used to build #Bitcoin mining chips. 🙌
Bear:
- Options Expiry incoming - volatility definitely leaning slightly bearish
- Bitcoin price in limbo as Fed Chair prepares to address global central bankers (cryptopanic.com...central-bankers?utm_source...)
METRICS (Last 24 hours):
Bull
+ Active addresses turned positive
+ Transfer Volume turned positive
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:
-0.81844147
24H%:
-7%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.52463076
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.
Realizing loss
Last Value:
0.98362702
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:
-0.00132546
24H%:
-422%
- Transfer Volume - The total number of coins transferred has decreased by -9.00% compared to yesterday.
+ Active Addresses - The number of active wallets used to send and receive coins has increased by -40.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by -52.00% 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:
-0.00064535
24H%:
-82%
+ Taker Buy Sell Ratio - Buying sentiment is dominent in the derivatives market. More buy orders are filled by takers.
Buy:
0.53838772
Sell:
0.46161228
/ 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:
8,461,545,292.51
24H%:
-3%
7D%:
-11%
+ Liquidation -6168430.89 of short positions were liquidated in the last 24 hours.
Long:
6,168,430.88
Short:
5,432,935.55
MARKET SENTIMENT:
#BOTPARTY
Assign your Max Active Deals based on the 7 Day Fear & Greed Average Accordingly.
F&G Filter:
0 - 20 - 100% Max Active Deals
20 - 40 - 80% Max Active Deals
40 - 60 - 60% Max Active Deals
60 - 80 - 40% Max Active Deals
80 - 100 - 20% Max Active Deals
Fear & Greed Index - Aug 25, 2022:
Today: 25 (Extreme Fear)
Yesterday: 25 (Extreme Fear)
Avg. 1W: 28 😱
Avg. 2W: 35 😣
Avg. 1M: 34 😣
Avg. 2M: 28 😱
Avg. 3M: 22 😱
Avg. 6M: 25 😱
Avg. 1Y: 34 😣
🔸 #Bitcoin
Price: $21,394
24h Low: $21,211
24h High: $21,800
MC Change: -$2.8B (-0.7%)
Dominance: 38.1%
24h: -0.7%
7d: -10.5%
14d: -7.8%
30d: -5.4%
60d: 0.6%
200d: -48.7%
1y: -56.8%
