ASH WSB

2022-09-07 04:05:02 FTX exchange contributed to the recent BTC dump

FTX really wanted this dump. A ton of spot selling came from the FTX BTC Spot pair. Open / Comment

2022-09-07 04:01:28 BTC Quick Take:

As expected from our previous update, we're witnessing one more leg downwards. And looks like it happened already. The bearish descending triangle played out.
Currently, the price is holding its nearest support which is at 18,600. And it seems like the trendline support is also being respected here.
If the bulls fail to defend this important key level, we might be seeing more downtrend this month.
As of the moment, the price will be consolidating after the next big movement. But, MACD lines are still below the zero line, so this means the downtrend is inevitable. Open / Comment

2022-09-06 19:30:03 FOR TODAY'S UPDATE

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

BTC entering the exchanges for today: $177.2M – CHECK HERE

MARKET HIGHLIGHTS

Bitcoin price action stays flat close to $20k

DXY at 110 level

US Indexes opened positive this week

CURRENT ENTRY

PENDLE/USDT: Waiting for retest – SEE HERE

CRYPTOTWITTER (CT)

PoolinWallet is suspending all withdrawals as it tries to preserve assets and stabilize liquidity – SEE HERE

Bellatrix upgrade just went live on the Ethereum Beacon Chain – SEE HERE

ON-CHAIN

The volume of #Bitcoin supply that has remained unspent for at least 1yr, has reached a new ATH of 12.589M $BTC – SEE HERE Open / Comment

2022-09-06 16:16:25 Trade Potential: CRV

We can see a long trend breakout on CRV. MACD is also looking good with an RSI above 50.

Trade Strategy: Take a position between $1 to $1.18. Breakout above $1.23 will confirm a bullish momentum which opens target for $1.50

Stop Loss - 0.95 Open / Comment

2022-09-06 16:12:55 $EOS trade update

Bullish momentum is continuing with EOS. If BTC hold this area or bounce then we may also see a good bounce in EOS

Take profit - 1.9
Stop Loss - 1.3 Open / Comment

2022-09-06 13:48:00 Sep 6 Bitcoin Update:

BTC is going through a crucial phase the last 10 days and trading in a small range between $19,500 to $20,600

This demand zone is great for long term investment buying but need to keep an eye on FED Events and the US market.

The US market will open today after Labor Holidays. We can still see a small bounce this week as the US index is in a support area.

CPI data will be released on Sep 13 and a good number can help the market bounce. Though, we cant expect a big jump in the market until Sep 21. Market will move in a range.

Understand the range:
Support : $19,500 And $17,400
Resistance: $20,600 and $23,200 Open / Comment

2022-09-06 10:28:25 Funding Rate Update:

Bitcoin perpetual futures markets have largely remained in a state of negative funding rates since the sell-off from $24.5k

This indicates that short sellers are paying an interest rate to longs to maintain their futures position. Open / Comment

2022-09-06 08:22:55 ETH/BTC Pair Update:
The ETH/BTC pair looks strong at this moment. The price is flirting again to break the previous high and just trading below the major key resistance.
This would tell us that ETH is currently strong against BTC in terms of performance. This could be in connection to the upcoming ETH Merge in the mid-Sept.
If the price continues to surge, we can also see some alts overperform BTC this time. Open / Comment

2022-09-06 04:30:55 BTC Quick Take:

BTC is currently boring and has nothing to expect much this time. The price is waiting for the next move as it is forming a bearish pennant and a bearish triangle with flat support.
The overall picture is rather bearish, but we might see a short squeeze before going lower if the pattern plays.
The nearest multi-month support is 18,919 and the next could be the Yearly low that sits at 17k zone. Open / Comment

2022-09-06 04:09:46 SP500 Historical September is also bloody

September has historically been the worst-performing month for SP500 since 1964.
Now that that’s on the table, let’s see if this September conforms to previous standards given that January - April were pretty much opposite to historical standards. Open / Comment