CRYPTO COACHING α |BINANCE SPOT & BYBIT FUTURES|

2022-08-28 11:18:19 Mt. Gox rumors panic Bitcoin Twitter as BTC price returns below $20K

https://cointelegraph.com/news/mt-gox-rumors-panic-bitcoin-twitter-as-btc-price-returns-below-20k Open / Comment

2022-08-28 10:48:54 Bitcoin returned to undervalued territory again. Is this the bottom?

As the macro environment is still developing into even more unfavorable circumstances for risk-on assets, bitcoin returned to the undervalued territory. So let’s check five key on-chain valuation metrics to bolster our argument.

1. The MVRV ratio is below 1 again, indicating that the average bitcoin holder is at a loss (green area).
2. Bitcoin holders experience a 1% loss at the current bitcoin price, as shown by the NUPL metric (line in blue).
3. The long-term bitcoin holders spend their coins at a 44% loss.
4. The total supply in profit has fallen sharply in the last week, standing at 56% of the total supply.

Overall, it’s a favorable accumulation zone for a dollar cost averaging. However, is this a bottom? Unfortunately, a price bottom is still far from being entirely formed as these valuation metrics are still considerably below their 1-year MA. 

by CryptoQuant Open / Comment

2022-08-28 10:31:47 Crypto Sentiment of Today
Status: Fear
Value: 28/100

BTC/USDT on Binance [1D]
Total Orders: 4,810,549
Buy Orders: 2,365,428
Sell Orders: 2,445,121

Buy Volume: 1.43B USDT
Sell Volume: 1.43B USDT

Biggest Orders
2.00M USDT
1.09M USDT
705.99K USDT

Buyers in Control Open / Comment

2022-08-27 10:26:02 $400M in Liquidations Daily as Bitcoin Dipped Below $20K

https://cryptopotato.com/400m-in-liquidations-daily-as-bitcoin-dipped-below-20k/ Open / Comment

2022-08-26 10:05:20 #BTC/USD Quick Update
4H-Frame S & R Chart Update

#Bitcoin bounce to 22000$ can be seen next hours if we can maintain the price above the 21500$. The rest is unclear. Also, BTC keeps on knocking onto July VWAP which is around 21761.
Closing 4H candles below 21500$ will cause the price to retest the edge again.

#Ethereum merge remains a major bullish factor for the whole crypto market, so I'm careful with taking shorts, at least not below that target zone.

Resistances: 21670 - 22340~23000
Supports: 21200 - 20700 - 20000 - 19200

https://www.tradingview.com/x/W1i0oN8r/ Open / Comment

2022-08-23 20:15:42 #onchain
#stablecoins

The reserve of the three largest stablecoins on Spot Exchange is very gloomy

USDC USDT BUSD.

The most significant drop was USDC from its peak of $1.9B in May when Bitcoin dropped to 25K-28K, then $1.3B in June when BTC fell to 19K, now only 268M.

It is highly possible that US Whales and Institutions spent USDC coins on buying Bitcoin at lows, but the important thing is that the reserve exchange of the other two stablecoins does not seem to have any big spike over the past eight months. That proves that individual investors / retailers are not interested in buying and holding more.

by BinhDang Open / Comment

2022-08-22 20:21:08 US, Ukraine, and UK lead in overall use of crypto globally, new study reveals

https://finbold.com/us-ukraine-and-uk-lead-in-overall-use-of-crypto-globally-new-study-reveals/ Open / Comment

2022-08-22 16:06:17 #BTC/USD Quick Update
4H-Frame S & R Chart Update

#Trading
Yesterday Bitcoin lost 10%. No matter how much you trade crypto, these moves always take you by surprise. Especially after 3 weeks of narrow range choppiness.

#Bitcoin #Market didn't make any high volatility as usual on the weekend. We can see the maximum bounce 22.1-23k range. If the BTC pumps above it then the bearish move will be invalidated. If not, we will see crypto follow stocks correction and for BTC it means downfall till the middle of September when ETH merges and pumps the market regardless of stocks or anything else, just like it happens after each BTC halving.

Resistances: 21666 - 22700 - 23500
Supports: 20700 - 20000 - 19200

https://www.tradingview.com/x/TO2FVmJj/ Open / Comment

2022-08-21 14:56:56 Bitcoin’s short-term correlation to the broad financial markets has declined towards yearly low levels, with BTC underperforming Nasdaq

https://arcane.no/research/a-structural-shift-in-btcs-strongly-correlated-environment-to-u-s-equities Open / Comment

2022-08-21 12:27:03 Crypto Sentiment of Today
Status: Fear
Value: 27/100

Crypto Market Stats
Market Cap: $1,056,277,503,487
BTC Dominance: 38.38%
24h Volume: $125,480,816,585

BTC/USDT on Binance [1D]
Total Orders: 5,281,547
Buy Orders: 2,637,405
Sell Orders: 2,644,142

Buy Volume: 1.75B USDT
Sell Volume: 1.72B USDT

Biggest Orders
2.60M USDT
1.03M USDT
702.85K USDT

Buyers in Control Open / Comment