O&N Crypto ® Official - News, Analysis and...

2021-07-21 20:46:30 Daily Market Brief
O@N Crypto
Wednesday 21ST JULY

Caps and sentiment:
Market capitalisation: $ 1.30 trillion ( ↑8.51%) increase over the past day
Bitcoin’s dominance: 46.08% (↓ 0.22%) decrease over the past day
Fear Index: 10 (↓ down from 19)

Prices :
• Bitcoin: $32,000
• Ethereum: $1,970
• Binance Coin: $289.18
• Cardano: $1.18
• XRP: $0.57
• Dogecoin: $0.20
• DOT: $12.44

Analysis of the market:

Bitcoin’s fear and greed index has dropped 9 points following the mass panic of the Greyscale Bitcoin Fund (GBTC) from a value of 19 to now 10 indicating the extreme fear rating for the market.

During this bearish sentiment we saw Bitcoin break the highly respected 30k region which has acted as support these past 2 months following the dump from BTC’S ATH.

Going into the rest of the week expectation is another retest below the 30k price boundary we have become familiar with despite the slight relief rally we are currently experiencing in light of expected bullish sentiment in anticipation for the The B word conference today at 7PM GMT, featuring some of the biggest names in terms of cryptocurrency and the wider investment fear:
-Cathie Wood
- Jack Dorsey
- Elon Musk
-Steve Lee

Following this event we can expect a decline in price once again as shorts still represent a huge downside pressure despite us breaking above the 50day EMA as well as in the short term breaking the 7day EMA respectively.
As with all events that include the presence of Elon Musk we can expect high price volatility in both DOGE as well as BTC with the expectation of a standard long the hype short the news event.

As for the rest of the week we can expect to toy with the 30k region with dips as low as 27.4k, conversely a bullish upside is also viable off the back of the event if a bullish sentiment continues in the aftermath. Open / Comment

2021-07-19 23:29:17 •Bitcoin is currently looking to break the descending trendline to the downside.

•This seems to be a consequence of low market sentiment rather than the GBTC which we personally expected to have had much more of an effect.

•Regardless, we are now on the daily/weekly support level that dates back to the start of the year.

•Considering the recent volume has been the lowest since last year, the support level is expected to hold.

•We are personally looking for long opportunities in these times. Open / Comment

2021-07-19 17:07:43 Whale From 2012 Transfers 740 #Bitcoin Worth $26M After #BTC Sat Idle for 9 Years

On July 12, an old whale from 2012 spent 740 bitcoin worth roughly $26 million at the time of transfer after nine years of choosing not to move the coins.

https://t.me/OandNCrypto Open / Comment

2021-07-18 20:52:34 The GOAT Changpeng Zhao doing Gods work. Open / Comment

2021-07-17 15:58:39 BTC Technical Analysis :

As the chart illustrates above, we are sitting on not only crucial but also quite a major support zone in terms of its price range. With the GTBC unlock commencing tomorrow, by zooming out on the Bitcoin daily chart in conjunction with factoring the fundamentals of tomorrow, we can get a better perspective on the market sentiment and price direction .

As we know the market is highly manipulated via whales in an attempt to spread FUD and get retail investors to believe that somehow 16,000 BTC is just going to waltz it way into the market, it shouldn’t come as a surprise if Bitcoin wicks deep down during this volatile period, our expected price prediction is between $30-$28k. A breakdown of the 30k region is expected during this.

As we have seen historically these dips are bought EXTREMELY quickly and we will be looking for long opportunities in the aftermath. Open / Comment

2021-07-17 15:58:16 Open / Comment

2021-07-17 15:03:16 Saturday 17th July 2020
Daily Market Brief - O&N Crypto


Caps and sentiment
Market capitalisation: $ 1.27 trillion (↓ 0.57%) over past day
Bitcoin’s dominance: 46.31% (↑ 0.30%) over past day
Fear Index: 15 ( ↓ from 20)

Top 10coin prices
• Bitcoin: $31,300
• Ethereum: $1,864
• Tether: $1
• Binance Coin: $300
• Cardano: $1.16
• XRP: $0.5765
• USDC: $1
• Dogecoin: $0.1713
• Polkadot: $11.98
• Binance USD: $1


Brief analysis of the market
• The fear and greed index had decreased quite dramatically down to 15. This shouldn’t come as a surprise as we are now one day away from the big GBTC unlock which, with the current market sentiment is going to have quite the impact on the market.
• Bitcoin has been trading sideways between $31 - $32k with no indication of what direction it will take. As stated above the unlock is commencing tomorrow so stay sharp. It must be known again that this BTC unlock does not release 16k BTC into the current supply. It just allows institutional investors to sell “shares” that they used to “own” Bitcoin. Though it’s due this misinformation and irrationality spread by the media and whales that cause the price to move. Knowing this however, this is the biggest unlock yet so even though it doesn’t effect supply, its still smart and wise to prepare for irrational volatility.
• Polkadot breaks the $13 support and begins its journey to the downside as traders have their eyes on the $10 mark as the next local support. It is unclear what catalysed the movement, but if anything, Bitcoins decline in price in the recent weeks was for sure a major influence.
• Authorities in Maylasia destroyed more than $1.2 million worth of mining rigs after they were confiscated for mining off stolen electricity. It is still yet to be answered why the authorities chose to destroy the mining rigs as opposed to seizing the mined coins or even selling the rigs themselves. Open / Comment

2021-07-16 16:56:06 BTC Technical Analysis ALERT! :
O&N CRYPTO


As expected, we have started to see a decline deeper into the major support area as bitcoin looks to break the descending channel trendiness as illustrated. This could be a result of the GBTC unlocks or/and negative market sentiment in general. However it still looks to be somewhat respecting the trend line as it briefly broke out then quickly retraced back in.

Regardless of all this, we’ve entered a zone where there isn’t really a profound support / level, its more a range rather than a specific price. With this is mind, if you plan to position yourself for a long trade, consider Bitcoins potential to wick down all the way to $28k as we have seen it do historically.

If you trade with leverage, position yourselves accordingly. Bear in mind this time, we’ve got the Grayscale unlocks which could possibly play an influential role in Bitcoins wick down or even potentially, complete breakage of this zone.

It must be known, that this Grayscale unlock doesn’t actually release Bitcoin into the supply but allows for investors to sell their GBTC shares that they used to own bitcoin. It’s this misinformation amongst the crypto community as well as irrationality that causes actual price fluctuation. Open / Comment