⚡️MARKET MOVEMENT⚡️

BUSD market share approaches new all time high

#KNC downward trend line is broken and it seems to be hitting a pullback, in which case we will see more growth, and it is also possible to move inside the specified box for some time.

💥10 Major Events in December 2022⚡️

#ATOM is being bounced off the strong support around $8.73 - $9.13. forming a inverse head & shoulder pattern and also reached the bottom of the channel . Price breaking above the $10.85, will open the gates for potential upmove till $12.25 and above. Take you entries depending on market conditions.

There are two movement paths for #DYDX, both of which depend on the resistance of $2.05-$2.00. If the resistance is broken, it will move in path 1, which is more likely, and if the price cannot cross this resistance, it will follow path 2. will do.

#Glassnode Data

⚡️Since the Ethereum Merge, the total net coin issuance has been just +2,317 ETH.

⚡️A total of 131,454 ETH has been issued to PoS validators, whilst 129,137 ETH has been burned via EIP1559.

Bitcoin current max drawdown at 77% from peak

Looking at previous drawdowns (2013 & 2017), we haven't seen max pain yet.

It's not certain it will go lower but it's better to be prepared.

#ZEC has reached the bottom of the descending channel and there is a possibility of its growth to the top of the channel. In this direction, there is resistance in the area of ​​$50.0-52.

#EGLD price has reached the support zone of $38.60-39.90. If the price can break through the small resistance area shown on the chart, we expect it to move in the indicated direction.

Global crypto market stood at $855.12 Billion, showing a 0.53% rise over the last 24 hours. However, the total crypto market volume fell 21.3% to $32.24 Billion. The total volume in DeFi is currently at $2.49 Billion, making up 7.72% of the total crypto market 24-hour volume.

#Bitcoin analysis in continuation of what was said before. We expect it to grow to the resistance zone of $17,648-18,258. Because the price was able to break the small dynamic resistance.

#Ethereum price could not break through the resistance. Now it tries again. The probability of growth towards the downtrend line is increasing.

💥This month was the 4th largest crypto capitulation ever

#Chainlink Staking v0.1 will launch in 48 hours

GMT is in a descending channel and has not yet reached ceiling .🐢

◽️What path will GMT choose ?

◽️1🔺 Or 2🔻

#MDT/BTC Spot Signal

Buy : 144 Sats

Targets : 165 - 180 - 200 - 240 Sats

Stop Loss : 140 Sats

Exchange : #Binance

#MATIC is in a very good position, if it can break through the minor resistance at $0.90-0.95, we expect it to follow the indicated path to reach the ceiling of the ascending channel.

#Bitcoin volatility is a feature, not a bug. Percent Drawdown from Previous All-Time High:

2011- down 93.6%
2015- down 85.2%
2018- down 83.7%
March 2020- down 75.5%
2022 low so far- down 77%

Bitcoin's profit margin has finally entered the "green zone," meaning it is now less than 50%. This is another bottom indicator as seen in the previous cycle.