InspoCrypto Profile picture
Jan 17, 2022 8 tweets 6 min read Read on X
🚨🚨 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. 😜

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with InspoCrypto

InspoCrypto Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @InspoCrypto

Jan 22, 2023
My sunday (finctional) story.

#SinatureBank #Binance #HydraMarketplace #Swift #DOJ

We all remember the big announcement DOJ did just few days ago. We all were expecting a huge result, also because CZ has teasered a big FUD against Binance will happen soon

#BTC #ETH #FSN #XRP
before. Something that could bring the crypto space in trouble. Instead they announced the arrest of someone nobody in the space knew before, Anatoly Legkodymov. The owner of Hydra Marketplace. Of what? Yes, right. Almost nobody knew him or his company before last tuesday night
before they arrested him in Miami.

The DOJ said about Hydra following:
“Bitzlato’s largest counterparty in cryptocurrency transactions was Hydra Market (Hydra), an anonymous, illicit online marketplace for narcotics, stolen financial information,

financemagnates.com/cryptocurrency…
Read 13 tweets
Jan 21, 2023
Binance already sent an announcement Exclusive: SWIFT payments network to cut access to crypto exchanges | Asia Markets asiamarkets.com/swift-network-…
Read 4 tweets
Jan 21, 2023
What is driving the current rally? Spot or Derivatives?. Well, let us check. Derivative went up like hell while the price pushed up. As mentioned many times, you can't drive the spot price with futures.

#BTC #ETH #FSN #CHNG #XRP
Obvious you need to buy spot to support the futures to drive the spot price.

Spot was a driver between Jan 02 until Jan 11. Afterwards mainly futures.

Summary: If we take CVD as indicator as algos use market trades to complete their operations we can see, that since Jan 11
BTC futures with stablecoin colleteral increased by almost 240,000 BTC since then.

BTC futures with BTC colleteral increased since Jan 11 by almost $380M.

At the same time Spot with USDT and BUSD pair on Binance. Even with a limited skills it should be clear, what is driving
Read 4 tweets
Jan 20, 2023
It seems DOJ has a defined its next target. Even I don't agree with their approach. Because we know it's not Binance only. We remember the money laudering accusations related to FTX. What happened? Nichts, Nada. Nothing. 🤡
reuters.com/markets/us/us-…

cnbc.com/2023/01/19/bin…
Instead is the current CEO of FTX even thinking to revive FTX again. Coincidence? Anyway, it doesn't explain why the current buy pressure is coming from Binance. Or is someone there unloading with USDT? Because BTC/USDT showing big unloads related to spot CVD on Binance while
the opposite happening related to BUSD. While at the same time since 2 weeks we are seeing strange transactions related to $USDC. At the beginning was between Coinbase and Circle. But since last week also Binance is involved. Last night following happened. The same amunt went to
Read 4 tweets
Dec 1, 2022
Let us talk about pivot.

What has initiated the raising inflation phase?

1) Ukraine-Conflict due sanctions (food and energy shortages)

2) Chinas zero-covid policy (supply chain crisis)
1) As we know the US has an own oil production and can control its oil price increasing their production to reduce oil prices.

oilprice.com/Energy/Energy-…

Instead what is happening?
"Oil firm executives, for their part, say the U.S. Administration’s policies and anti-oil rhetoric,
inflation, contractor time delays, and regulatory uncertainty are negatively impacting drilling and production planning."

Everything looks like, the oil production in US will decline more. While at the same time the U.S. Crude Oil Inventories has declined the first time in 3 yrs
Read 27 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(