Don't waste time reading a bunch of irrelevant content. We sel | Scalptech: Crypto Signals by BTCMachine & Autobots
Don't waste time reading a bunch of irrelevant content. We select the top news in the Crypto World for you
20/05/2022
THE NEWS
BEARISH - THE BLOCK
Do Kwon has amended his proposal to revive the Terra blockchain — in the middle of a vote on whether it should be implemented. It’s unusual for a proposal to be amended amid an on-chain vote. This is why today’s changes from Kwon have led some to question its validity.
BEARISH - NEWS.AU
“I like investing in things that have valuable output,” he said during an Ask Me Anything exchange on Reddit. “The value of companies is based on how they make great products. The value of crypto is just what some other person decides someone else will pay for it so not adding to society like other investments.” Bill Gates
PRICE ANALYZES
BULLISH - Michaël Poppe @CryptoMichNL
I think we'll be running towards $34-36K in the coming weeks for Bitcoin. That's going to be a run of 30-50% on altcoins.
BEARISH - COINDESK
Put/call ratio for bitcoin options reached yearly highs on Thursday. Activity on bitcoin (BTC) options suggests rising bearish sentiment among investors.
BEARISH - COINTELEGRAPH
“So here's hopium for bears. If $BTC crashed so hard due to the macro crisis and all Bitcoiner institutions go underwater, it could go $14k based on historical”, Ki Young Ju - CryptoQuant.
BEARISH - Rekt Capital @rektcapital
So since BTC has crashed -43% since November '21 prior to the Death Cross... BTC could retrace a bit more to reach an overall retracement of -43% post-Death Cross, should this historical tendency continue to repeat This would result in a ~$22,700
BULLISH - PlanB @100trillionUSD
Realized Price / Moving Average (RPMA, purple) shows the bitcoin cycle best. Relative Strength Index (RSI, yellow) is similar, but can be misleading at critical times (e.g. 2nd half 2021). The good news: bear market is almost over. Waiting for RPMA and RSI to start rising again. [IMAGE]
