What scares me is that $SPX has not even corrected at all. 30% is possible. The question is if we decouple in such an incident or if we literally retest 50k range and ETH goes back to 1k.
That would be absolutely brutal.
Rigtht now, if you look at $BTC, the chart is a beautiful top structure.
My current best guess: We probably retest 70-75k area, get a bounce and retest the top channel at 88-90k. If we get rejected there, it is over. But as I said many times before: I think it is over for the BTC cycle as we lost this 100D accumulation range.
We can only hope that the volume was big enough that the amount of people in profit is small enough that the downside is limited
That would be absolutely brutal.
Rigtht now, if you look at $BTC, the chart is a beautiful top structure.
My current best guess: We probably retest 70-75k area, get a bounce and retest the top channel at 88-90k. If we get rejected there, it is over. But as I said many times before: I think it is over for the BTC cycle as we lost this 100D accumulation range.
We can only hope that the volume was big enough that the amount of people in profit is small enough that the downside is limited
DiveInDefi
What scares me is that $SPX has not even corrected at all. 30% is possible. The question is if we decouple in such an incident or if we literally retest 50k range and ETH goes back to 1k. That would be absolutely brutal. Rigtht now, if you look at $BTC,…
Exactly this basically.
Hes copying me 👀😂
Hes copying me 👀😂
Forwarded from infinityhedge
*US JAN. PCE PRICE INDEX RISES 0.3% M/M; EST. +0.3%
*US JAN. PCE PRICE INDEX RISES 2.5% Y/Y; EST. +2.5%
*US JAN. CORE PCE RISES 0.3% M/M; EST. +0.3%
*US JAN. CORE PCE RISES 2.6% Y/Y; EST. +2.6%
*US JAN. PCE PRICE INDEX RISES 2.5% Y/Y; EST. +2.5%
*US JAN. CORE PCE RISES 0.3% M/M; EST. +0.3%
*US JAN. CORE PCE RISES 2.6% Y/Y; EST. +2.6%
Forwarded from CryptoQuant
Bearish Signals on Binance? Key Metrics Point to Rising Sell Pressure
“Binance’s Bitcoin reserve has risen to levels last observed in November of the previous year, potentially indicating more selling pressure. This observation is further supported by the Taker Buy/Sell Ratio, which reveals that bearish sentiment currently dominates the exchange.” – Read More
By EgyHash | @cryptoquant_official
“Binance’s Bitcoin reserve has risen to levels last observed in November of the previous year, potentially indicating more selling pressure. This observation is further supported by the Taker Buy/Sell Ratio, which reveals that bearish sentiment currently dominates the exchange.” – Read More
By EgyHash | @cryptoquant_official
DiveInDefi
7% Bounce of the bottom is very nice of course. We need a close above 84k to get some hopium going. A close above 87,5k would be ideal. If we reverse from here, we go lower
It would be a weird spot to bottom. 79k is no mans land. But I don't say no