ASH WSB

2022-09-08 04:57:11 ETH Options Traders are bullish for ETH with $6.12B open interest for call options while put options near $1.5B Open / Comment

2022-09-08 04:03:04 BTC Quick Take:

After BTC made a sharp dump yesterday, it bounced from its key trendline support giving the buyers a sentiment of short-term profits.
Currently, the price is retesting the descending triangle resistance and has been rejected there. This action is to fill the imbalance made by sellers.
The bullish scenario for BTC is targeting the Point of Interest that sits at around 21,400. However, the price should reclaim first the 20k zone which is considered now as the local major resistance.
If BTC fails to flip this key zone, it might continue to give us a downtrend momentum. Always manage your risk this time. Open / Comment

2022-09-07 19:55:22 FOR TODAY'S UPDATE

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

BTC leaving the exchanges for today: $470.9K – CHECK HERE

MARKET HIGHLIGHTS

Bitcoin dropped to $18,510

DXY new high at 110.78

CURRENT ENTRIES

PENDLE/USDT: Price hit the buy zone – SEE HERE

EOS/USDT: TP set at $1.9 – SEE HERE

CRV/USDT: Price within entry range – SEE HERE

BCH/USDT: Price within entry range – SEE HERE

CRYPTOTWITTER (CT)

Percent Supply of Bitcoin in Profit dipped below 50% – SEE HERE

The BTC denominated open interest in futures and perps has reached an ATH – SEE HERE

ON-CHAIN

Eth whales (holders of >100Eth) are growing leading up to the Sep 15 $ETH merge – SEE HERE Open / Comment

2022-09-07 17:18:41 ENS Potential Trade:

ENS is a good project which can grow if Eth's demand will increase.

Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.

Entry level: Good to pick near $13.5
Stop Loss: near $12.90

Fundamentals Updates: https://cointelegraph.com/news/ethereum-domain-names-top-bored-apes-on-opensea-s-weekly-chart Open / Comment

2022-09-07 16:37:09 XRP UPDATE: XRP did not perform as expected which may be due to the SEC VS XRP case. If we check XRP's history, It usually gives a huge pump then dump that no one can predict

XRPBTC pair: XRP BTC pair is showing consolidation, trading near a 4 month resistance level. The pair is also trading above the 50 and 200 day moving average.

Resistance: IF XRPBTC pair breaks out above 1730 sats and hold this level then we can see a good bounce in XRP. It means it will be good to trade XRP rather than BTC. But breakout in pair will be important.

Support: 1500 and 1250 sats is the key support for XRP.

Some trading notes: In a bear market, trade specific projects which either show good support or a breakout. Open / Comment

2022-09-07 14:13:01 Trade potential: BCH

Buy BCH for a swing trade which is currently settled in a 3 week support level

Entry level: $112
Stop loss: $109
Take Profit: $120

All time low is near $95. Good to plan a swing long again if stop loss is hit Open / Comment

2022-09-07 11:56:27 13.3 million ETH is staked for ETH2 with 11% of the total circulating supply for Ethereum.

That's a significant amount of supply locked away and not available for selling anytime soon. Open / Comment

2022-09-07 08:45:35 Eth whales (holders of >100Eth) are growing leading up to the Sep 15 $ETH merge Open / Comment

2022-09-07 07:57:22 The 3rd largest #Bitcoin whale wallet bought the dip again.

478 BTC added on avg. cost of $18.9k

Notice the BTC wallet has an unrealized loss of -$550M now, even for a whale that had been accumulating since 2019.Nonetheless, this is the whale's highest wallet balance on record Open / Comment

2022-09-07 06:54:27 BTC Volume Profile

Three increasingly more painful $BTC levels according to on-chain. $19k, $16k and $13k.
All of them are likely to act as supports - the question is which one will hold? Open / Comment