🚨🚨 Quick Update: We are heading our predicted level of 41.5k. We have retraced at 41.8k and as we are almost oversold on hourly RSI I wouldn't expect much more dump now. Imo we will lift up to 42.4k first. But it seems #Binance is not done yet. 😜 However it
#BTC #ETH #XRP
feels very controlled. They let it fall and exchanges like FTX, Bitfinex and Coinbase are buying the way down it seems. Their activity rises and the price lift up a bit next indicating a rising buy pressure.
Our hourly view shows that our whales ration reached the top twice and both are linked with big positive netflows. One transaction of almost 8,000 #BTC and 3 hours ago another one with almost 1,800 #BTC.
The block view (short term trend) shows since yesterday a constant high whales ratio indicating big whales moves to exchanges. The whales ratio 30D average is rising indicating that whales are sending more tokens to exchanges.
If we check the buy walls in lower ranges we see a big wall at 40k and 38k at #Coinbase, #Binance showing also two walls with midsize volume at 40k and 38k. #Bitfinex at 39.2k and 38.5k and #FTX Perp at 37.5k. The FTX wall at 41.4k - 41.6k as mentioned today in my analysis
almost disappeared. But the most interesting one is at #Kraken. They are removing their huge wall cluster below 40k. 😬 Imo it doesn't look good for bulls at the moment. A 40k retest looks inevitable.
Be careful folks! At the moment not expecting big moves, but everything can
change quick. The volume looks awful! But its telling you a story. 😜 I'm staying away. Still missing a strong signal to let me jump in.
If we drop more, I would instead long at 41k as we would retest our long-term trendline.
Check the chart included in my analysis and what finally happenend. 😜
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.