Thread by @InspoCrypto

Good morning folks!

Here a little update of what I'm expecting for today but maybe even for the whole week.

#Order_Book
Whales created at Bitfinex big order walls at 32k for selling and 31.5k for buying. So, #BTC should bounce in that areas.

#BTC #ETH #XRP

That makes our trading range tiny.

Whales also formed big buy walls at #Binance in the area at 30k and below, but a huge one at 28.2k

#All_Exchanges_Whale_Ratio
Keeps positive showing a selling pressure generated by whales.

#All_Exchanges_Netflow
Keeps on low level. There are no great trends in either inflows or outflows. So, nobody is buying big or selling big right now.

#aSOPR
The indicator shows us when market actors sell with profit or not. When the indicator is below 1 traders sell with loss,

above 1 with profit. The aSOPR indicator did a big move above 1 noticing a big profit sell by whales. As mentioned different times. They buy only in lower half to sell with profit in upper half (dump).

#FTX_Activity
The last chart shows us the FTX (exchange) activity.

31.6k - 31.7k is a huge trade activity. So, even to cross this one is a challenge.

#My_personal_conclusion:
Headlines will come up with positive or negative news to force traders to act to cross any of the walls mentioned above. Alternatively it could be a very boring week. 😬