ASH WSB

2022-08-29 18:33:43 FOR TODAY'S UPDATE

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

BTC leaving the exchanges for today: $35.7M – CHECK HERE

MARKET HIGHLIGHTS

Bitcoin opened the week under the 200-week MA

NDX, SPX and DJI opened the week negatively

$AVAX drops as conspiracy theories arise from self-described whistleblower

CRYPTOTWITTER (CT)

5000BTC that was 7-9yrs old moved in a single block – SEE HERE

The Fed's preferred measure of inflation, core PCE has peaked – SEE HERE

ON-CHAIN

Bitcoin Has 103 New Key Whales Addresses in The Past Month – SEE HERE Open / Comment

2022-08-29 09:51:11 BTC Bottom comparison for the two previous years Open / Comment

2022-08-29 09:04:36 If the FED Balance Sheet dictates the equities and crypto markets, then comparing the END of 2018 BTC to NOW, we see FED engaging in QT (shrinking balance sheet) in both cases + RSI heading to Oversold

So Bitcoin is in a similar US Liquidity position with 2018 Open / Comment

2022-08-29 07:53:08 NASDAQ Monthly Update (Ichimoku)

If NASDAQ closes like this, expect it will to retrace back to $12.3k first & potentially to $11.6k - $11.3k area.
This support must hold at any cost. Otherwise, the next targets would be :
- $10.3k.
- $9.5k - $9.1k area Open / Comment

2022-08-29 06:11:36 Whale BTC Address increased

As Bitcoin has danced around $20,000 this weekend, a positive sign is a growth in the number of key whale addresses
There's a correlation between $BTC's price & the number of addresses holding 100 to 10k $BTC, and they're up 103 in the past 30 days Open / Comment

2022-08-29 05:15:15 NASDAQ Monthly Update (Ichimoku)

If NASDAQ closes like this, expect it will to retrace back to $12.3k first & potentially to $11.6k - $11.3k area.
This support must hold otherwise, the next targets would be :
- $10.3k.
- $9.5k - $9.1k area

A retrace in the NASDAQ will also affect the crypto market Open / Comment

2022-08-29 03:39:12 BTC Weekly Chart Using WMA200

The BTC weekly chart continues to appear weak. The price is still trading below the WMA200 which makes the chart gives bearish sentiment in the higher TF.
The weekly opening is also not looking good since the price closed below the 20k zone.
Overall, this is a good time to accumulate given its key macro level. Open / Comment

2022-08-28 17:05:24 FOR TODAY'S UPDATE

Today's Fear and Greed Index is 28 – CHECK HERE

BTC leaving the exchanges for today: $38.8M – CHECK HERE

WEEKLY MARKET HIGHLIGHTS

Bitcoin dropped after J. Powell's speech while prices remained flat near the $20k level over the weekends

USD flips EURO for a second time this year

Bitcoin goes back below the 200-week MA, weekly closing looming

CRYPTOTWITTER (CT)

Price is just a reflection of mass psychology, not progress – SEE HERE

Bitcoin quarterlies have gone into backwardation (3-month futures basis has gone negative) for the first time since June – SEE HERE

ON-CHAIN

Bitcoin Realized Value as an indicator for possible market bottom– SEE HERE Open / Comment

2022-08-28 07:11:02 Bitcoin Realized Value (RV)

Based on history & according to this indicator, #BTC could bottom around the line or around the line.
Rather than taking current price of Bitcoin, RV takes the price of each Bitcoin when it was last moved.

Source Open / Comment

2022-08-28 05:32:43 ETH Textbook copy on the Justin Mamis sentiment cycle

Now it has reached the aversion stage. Up soon Open / Comment