ASH WSB

2022-09-05 17:13:49 FOR TODAY'S UPDATE

Today's Fear and Greed Index is 23 – CHECK HERE

BTC leaving the exchanges for today: $145.7M – CHECK HERE

MARKET HIGHLIGHTS

Bitcoin opens below the 200-week MA for the 3rd consecutive week

EURO goes below $0.99 against the Dollar

US indexes starts the week in negative territory

CURRENT ENTRY

PENDLE/USDT: Waiting for breakout – SEE HERE

CRYPTOTWITTER (CT)

New UK Prime Minister is pro-crypto – SEE HERE

$ETH issuance under two scenarios: PoW + PoS chains & PoS + EIP1559 burn rates – SEE HERE

ON-CHAIN

#Bitcoin perpetual futures markets have largely remained in a state of negative funding rates since the sell-off from $24.5k – SEE HERE Open / Comment

2022-09-05 16:14:00 Bitcoin 1-year trailing return has been a good indicator of bottoms.
According to this, the bottom is not in yet, but might likely be before the end of this year.
2023 looks like a rebound year in many respects.

Source Open / Comment

2022-09-05 12:18:35 SP500

This might finally be the start of a persistent uptrend. Once the #SP500 McClellan Summation Index crosses from -800 to +800 there is no going back to new lows for the markets. Open / Comment

2022-09-05 08:22:46 Bitcoin Cycle Low (Monthly)

Conditions to confirm Cycle Low in the past :
12 SMA & 26 SMA crossover.
UMF below zero = Accumulation period.
Holding support.

Currently :
SMAs might crossover this month.
UMF below zero since June.
Support must hold.

Source Open / Comment

2022-09-05 05:57:50 Fund Market Premium Hitting Low

The fund market premium has decreased since the BTC was hitting 65K back in Apr 2021 until the present. it would be possible to know that the bull market might return to us when the fund market premium turns into "positive". Open / Comment

2022-09-05 04:59:30 BTC Weekly Moving Average

The price closed three consecutive weeks in a row below the Weekly MA200.
This signifies weakness in the Macro perspective of BTC.
On the other perspective, the price is potentially forming a semi-symmetrical triangle and could play out soon.
This pattern is a decision pattern in which BTC makes its next big move. Open / Comment

2022-09-05 03:54:22 BTC Dominance Update:

The BTC Dominance has hit a solid support level of 39.5%, and since this level has maintained its dominance for more than a year, the prospects of an upward reversal are very significant.

There are two possibilities: either Bitcoin performs better than altcoins and pumps, or Bitcoin drops as altcoins fall further.

In any event, keeping the majority of the deposit in Bitcoin until the horizontal channel's middle line is achieved would be far more profitable. Open / Comment

2022-09-04 18:18:44 FOR TODAY'S UPDATE

Today's Fear and Greed Index is 20 – CHECK HERE

BTC leaving the exchanges for today: $29.9M – CHECK HERE

WEEKLY MARKET HIGHLIGHTS

Bitcoin price action remained ranged bound ($19.5k - $20.6k)

Ethereum price structure hints of a slight drop

Bitcoin dominance slipped below 40%

Dollar Index hits 20-year high of 109.97

CURRENT ENTRY

PENDLE/USDT: Waiting for breakout – SEE HERE

CRYPTOTWITTER (CT)

Bill Miller on #Bitcoin said "You can't cut the head off the snake, it's decentralized" – SEE HERE

South Korean Government’s YouTube Channel Hacked to Play Crypto Video With Elon Musk – SEE HERE

ON-CHAIN

Bitcoin is -71% off its all-time high, yet adoption is accelerating faster than ever – SEE HERE Open / Comment

2022-09-04 13:27:33 Alts vs Bitcoin

TOTAL2/BTCUSD chart (Yearly) showing that the crypto market might be driven by #Altcoins by the end of 2022. Open / Comment

2022-09-04 10:18:38 RARE opportunity in Bitcoin

Bitcoin’s price is hovering right around the lower band of the Bitcoin Price Temperature, which is the 4-year moving average. Open / Comment