ASH WSB

2022-10-10 17:17:32 Eth is starting to become deflationary . The new supply rate has changed from 0.23% to 0.12% per year in the last few days

Only 9726 Eth was minted after post Merge instead of 30,9527 Eth. We are now seeing the post effects Open / Comment

2022-10-10 12:51:19 The Daily RSI just broke out of the trendline support. This is something that we can't ignore. Open / Comment

2022-10-10 08:38:43 Investors haven’t lost optimism in the market

According to the BTC Exchange Supply Shock Ratio since 26 Jul '21, Bitcoin investors haven't lost global optimism, and it's clear that the red curve has a long-term absorption character Open / Comment

2022-10-10 06:31:05 ETH new addresses surge

135,780 new ETH addresses were added to the Ethereum network. This is 11.1% more network growth than the next highest last Jan 3,2022

New addresses present healthy network growth. Expecting great things soon Open / Comment

2022-10-10 04:56:08 BTC Macro using Bollinger Band Width

Whenever the BBW-Squeeze-Indicator touched the trendline and made a rounded bottom, $BTC went up by a few hundred percent after that.

-from 2016 $BTC increased by around 5000%
-from 2020 $BTC increased by around 500%

The same event is happening again. Big Move Coming. Open / Comment

2022-10-10 03:33:51 BTC Update:

From the bigger perspective bitcoin is still ranging. The price sits between 20,500 and 18,500 this time

Bitcoin failed to push further towards the 21k due to the data released by the US on the unemployment rate

On the other side, we can also see a classical book pattern of an ascending triangle in a downtrend market. This signifies a downtrend continuation if it plays out

The target drop for this scenario sits at 17,500 which is confluent to the midline of the downtrend parallel channel and the last June 2022 low

The RSI is also touching multiple times in its ascending support which has an 80% probability of breaking it

Take note that the upcoming CPI data on October 13, would create volatility that could lead the market to decide its next direction. Open / Comment

2022-10-09 17:12:04 FOR TODAY'S UPDATE

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

BTC leaving the exchanges for today: $26.7M – CHECK HERE

WEEKLY MARKET HIGHLIGHTS

Bitcoin slipped $20k due to strong US Jobs data

Dollar Index moves forward to 112.7

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)

What happened this week in crypto and markets – SEE HERE

Beginner Friendly Defi Options Guide – SEE HERE

ON-CHAIN

Market participants are waiting for an entry to the market judging by the stablecoins in centralized exchanges – SEE HERE Open / Comment

2022-10-09 12:29:21 DXY Quick Take:
The weekly Candle bounced at the trendline for the 3rd time

The price could test the major resistance this time. However, the bearish divergence is still clear with weaking strength every rise in price Open / Comment

2022-10-09 08:09:20 Yes it’s a bear market but have you seen the stablecoins chart? A lot of stables waiting in central exchanges with USDC already bottoming out from its off ramp

Majority preparing to get back in the market Open / Comment

2022-09-08 04:58:42 $ENS jumped 13% on the same day. Congrats to all takers of this trade

Price can bounce more towards $18 if ETH bounces Open / Comment