ASH WSB

2022-10-12 04:56:11 The biggest European Bitcoin conference in history starts today! Open / Comment

2022-10-12 03:47:35 NASDAQ

The Tech Market advanced its drawdown, breaking its multi-month support which is the June 2022 low

The CPI data to be released tomorrow. Expect a more volatile market in all the risk financial assets. Open / Comment

2022-10-11 22:36:45 FOR TODAY'S UPDATE

Today's Fear and Greed Index is 24 – CHECK HERE

BTC leaving the exchanges for today: $53.1M – CHECK HERE

MARKET HIGHLIGHTS

Bitcoin briefly drops below $19k

DXY looking to break above the local top at 114.7

CURRENT ENTRIES

BCH/USDT: Price above entry – SEE HERE

PERL/USDT: Price below entry – SEE HERE

BADGER/USDT: Price below entry – SEE HERE

CRYPTOTWITTER (CT)

Major Bitcoin volatility compression and both PPI & CPI this week – SEE HERE

Vitalik Buterin presentation on multi-provers in rollups today – SEE HERE

ON-CHAIN

A break above Bitcoin's realized price should get the price acceleration started – SEE HERE Open / Comment

2022-10-11 11:50:42 Keep note of these current signs

Volatility at ATL
All signs are pointing to one side getting blown out in the near future Open / Comment

2022-10-11 07:45:23 Bitcoin Realized Price

BTC is still battling its realized price aka average cost basis. A confirmed break above gets the price acceleration started.

Until then it's accumulation mode Open / Comment

2022-10-11 07:02:19 Market Volatility is at ATL

With volatility at all-time lows, the market is set up for an explosive move soon

key events this week is the CPI on Oct 13 that could push BTC below 18k or above 21k

Be careful with leverage this week Open / Comment

2022-10-11 05:38:34 Watch out for the US CPI data on October 13 8.30AM ET.

August 2022:
Headline CPI - 8.3% YoY
Core CPI - 6.3% YoY

September 2022 Forecast:
Headline CPI - 8.2%
Core CPI - 6.64%

Headline CPI is expected to drop but the Core CPI is forecasted to grow.
Rate hikes are expected to continue since the FED is more focused on the Core CPI. Macro market still looking bearish Open / Comment

2022-10-11 04:34:11 ETH Quick Update:

ETH broke down towards the downside of this macro ascending support.There's strong selling pressure that could lead the price further downward

The major local support that could first break is at the 1,200 area

Take note that the immediate key zone sits at 1,000 area which is the June low for ETH. Always manage your risk in this uncertain market Open / Comment

2022-10-11 03:53:47 BTC Daily Chart Quick Update:

The price has been consolidating for 18 days now but has broken out of the rising wedge with a close below

The price touching the lower trendline of the falling wedge completes the 5 structure Elliot wave sitting at 17k Open / Comment

2022-10-10 18:44:48 FOR TODAY'S UPDATE

Today's Fear and Greed Index is 22 – CHECK HERE

BTC leaving the exchanges for today: $42.8M – CHECK HERE

MARKET HIGHLIGHTS

Bitcoin Daily RSI just broke out of the trendline support

DXY climbed back to 113

CURRENT ENTRIES

BCH/USDT: Price above entry – SEE HERE

PERL/USDT: Price below entry – SEE HERE

BADGER/USDT: Price below entry – SEE HERE

CRYPTOTWITTER (CT)

Bitcoin derivatives market is overleveraged – SEE HERE

The Bank of England has just announced that they are ready to double their bond purchases – SEE HERE

ON-CHAIN

The on-chain cost basis for #Bitcoin Short-Term Holders has now crossed below that of Long-Term Holders – SEE HERE Open / Comment