π¨π¨ 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. π However it
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. π¬ 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. π 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. π
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π¨π¨ Market Update: Hourly View
Since last night the whales ratio (1) has started to rise again indicating an incoming sell pressure by whales. As we can also see at our whales ratio 30D average (2), it liefted up since yesterday and is declining right now.
That would indicate less sell pressure and the opportunity to lift up again a bit. The netflow (3) on hourly view doesnβt show any big movement yet. Only a netflow of almost 500 BTC few hours ago, indicating more inflows than outflows. Interesting here, this netflow wasnβt
purely generated by whales, indicating that retailers are selling too now.
Block View
Our block view shows us what happenend since midnight. The whales ratio (1) has started to lift up again and maintained its top level between 0.9 - 1.0 indicating incoming tokens on exchanges
At the moment don't detecting any big changes. Very quiet atm. Whale ratio maintains its level above the yellow line. You can see what happens as soon we fall heading the green line. Its not the first time that happens.
They send tokens to exchanges before the "unexpected" pump happend (π) and they start to sell the way up from 42.6k to 43.7k. That was yesterday. Also the hourly view not indicating nothing big. Only the stablecoin demand is huge. It's rising since weeks without break.
ALso here nothing big atm. Only #Binance showing activity while the price is falling.
π¨π¨ Update:
Hourly View
Once again we received a bullish signal by our hourly whales ratio (1) indicating a pump preparation. Few hours later the price has started to lift up again. Immediately after the whales ratio dumps, they start to send
That confirms also our whales ratio 30D average indicator. After it dumped it rised afterwards. We can see the result very well. The price lifted up and it has started to retrace (3) afterwards.
The stablecoin supply (circulating stablecoin supply) (2) keeps rising indicating a bigger demand in stablecoins. Since EoY we have added a volume of $2.76 billion stablecoins to the market, while the stablecoin reserves on exchanges maintains a level of $21 billions. Since
π¨π¨ Update: Our hourly view is showing clearly what happend since yesterday. Our 30D average indicator (1) for whales ratio have started to rise close after our whales ratio (2) dumped hard again indicating that buy pressure should rise afterwards. They were
preparing the dump with a rising price action. Afterwards we have started to dump again. Tonight we also have detected big positive netflows indicating big inflows to exchanges related to whales. Since this morning the 30D average whales ratio is declining. That would indicate
imo that we will fall a bit more, but if the whales ratio 30D average keeps declining we should lift up again a bit. Usually that takes some hours.
Our block view (very short-term) shows what happend before we have started to leave our 42.8k level. Whales ratio 30D (3) average
Ok, it seems the markets are not reaction. They see that as neutral. A reduction of PPI means, no big impact to the producer price. Maybe even a positive signal due inflation. #BTC is just in its trading range since yesterday between 43.5 - 44k. Ok. π
π¨π¨ Update: Our hourly view chart is showing a rising whales ratio indicating more incoming whales tokens on exchanges. The 30D average whales ratio rised up overnight and is falling right now. However, since yesterday we have detected more positive netflows
indicating bigger inflows linked to whales than outflows. Stablecoin supply keeps rising and stablecoin reserve on exchanges is lifting up. Since yesterday I have detected almost $500m in #tether outflows from #Binance to "unknown". That's what we are noticing since weeks. They
Our block view is showing a rising whales ratio indicating more whales inflows arriving on exchanges. The dump in whales ratio I have detected 01-11-2022 was, as expected, an accurate indicator for a coming pump. Since