Trading Crypto Guide ™
Here's the Analysis of #ENA : #ENA kept on printing the new Higher High and Lower Lows, with that it following a small uptrend channel pattern and expect a new HH sooner. The Key resistance area is near around $0.67 - $0.69. Alternatively, price can drop…
#ENA hits the resistance area and had a very strong drop of 21% in profit and now formed a now consolidation range. Book profit and wait for the support area. Buy looks healthy after rejection.
The Sell-Side Risk Ratio tracks market equilibrium through profit/loss realization:
High values: Heavy profit/loss taking after volatile moves
Low values: Coins spent near cost basis, balanced market
After ATH profit-taking, Short-Term Holders have reduced selling pressure significantly. Current prices aren't compelling enough to drive distribution - a larger move up or down may be needed to unlock supply.
High values: Heavy profit/loss taking after volatile moves
Low values: Coins spent near cost basis, balanced market
After ATH profit-taking, Short-Term Holders have reduced selling pressure significantly. Current prices aren't compelling enough to drive distribution - a larger move up or down may be needed to unlock supply.
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#BITCOIN WEEKLY TF UPDATE : #BITCOIN on WEEKLY TF, formed a resistance at $119,000 and not trying to break of the area. Currently, it getting the rejection wick and might gave new All Time highs sooner.
Trading Crypto Guide ™
#DXY UPDATE : #DXY moved back and forth and now its again below the major resistance area and now its retesting the zone and might gave a fall which can lead in further up-move in prices.
The profit and loss-taking behavior of Long-Term Holders. Following a brief uptick in sell-side pressure into the all-time high, these mature investors have also significantly slowed their spending.
This behavior aligns with broader market signals, including the overall decline in realized profit and loss volumes, the continued surge in Long-Term Holder supply, and the sustained downtrend in the Liveliness metric. All of these indicators reinforce a view that HODLing is the dominant behavior for investors at the present time.
This behavior aligns with broader market signals, including the overall decline in realized profit and loss volumes, the continued surge in Long-Term Holder supply, and the sustained downtrend in the Liveliness metric. All of these indicators reinforce a view that HODLing is the dominant behavior for investors at the present time.
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#BITCOIN WEEKLY TF UPDATE : #BITCOIN on WEEKLY TF, had a retraced week and nearly filled out the previous high. This week we have couple of news and speeches, which lead the price lower. Next week we might come up with something more and all stuff, we can…
#BTC closed strong bearish and retraced a little bit, price likely to have rejection and can lead further lower too. New Resistance area if now at $115,000 and key resistance at $116,700 - $117,000. A flip is required for a bulls confirmation.
Trading Crypto Guide ™
#US30 UPDATE : #US30 managed to flip the resistance and now moving through it. It gave a Daily TF closure too, So it gave a new #ATH now, and expect to continue the ride, buy the pullback and target the new #ATH.
Stablecoins act as "dry powder" for crypto purchases. The Stablecoin Supply Ratio (SSR) measures Bitcoin supply against stablecoin supply to gauge buying power:
Low SSR: More stablecoin buying power available
High SSR: Less purchasing capacity, weaker demand
Currently, SSR sits near baseline equilibrium. Notably, it's much lower than during the previous $100K breakout despite similar prices, indicating significantly improved investor purchasing power and stronger underlying demand conditions.
Low SSR: More stablecoin buying power available
High SSR: Less purchasing capacity, weaker demand
Currently, SSR sits near baseline equilibrium. Notably, it's much lower than during the previous $100K breakout despite similar prices, indicating significantly improved investor purchasing power and stronger underlying demand conditions.
JUST IN: Michael Saylor's 'Strategy' buys 21,021 Bitcoin worth $2.4 billion.
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#BTC closed strong bearish and retraced a little bit, price likely to have rejection and can lead further lower too. New Resistance area if now at $115,000 and key resistance at $116,700 - $117,000. A flip is required for a bulls confirmation.
#BTC rejected from the local resistance area and made a bearish engulfing candlestick formation. Price formed a minor liquidity and can move further high towards the resistance area of $116,700.
Trading Crypto Guide ™
#GOLD UPDATE : #GOLD dropped hard more the expected and we already predicted a drop. Now it reached the support zone around $3306 - $3313 and might move a little up, and take conformation sells at $3330 area or short after the break of support.
The Exchange Buying Power metric measures whether more stablecoins are entering exchanges than Bitcoin/ETH are leaving over 30 days:
More stablecoins in: Greater purchasing firepower available 🔥💵
Fewer stablecoins in: Less buying ammunition on exchanges 🪫📉
Currently seeing a shift as stablecoin inflows slow down, indicating "dry powder" is being deployed into major cryptocurrencies. This rotation from cash to crypto could fuel further price appreciation 🎯🚀.
More stablecoins in: Greater purchasing firepower available 🔥💵
Fewer stablecoins in: Less buying ammunition on exchanges 🪫📉
Currently seeing a shift as stablecoin inflows slow down, indicating "dry powder" is being deployed into major cryptocurrencies. This rotation from cash to crypto could fuel further price appreciation 🎯🚀.
Trading Crypto Guide ™
#BTC rejected from the local resistance area and made a bearish engulfing candlestick formation. Price formed a minor liquidity and can move further high towards the resistance area of $116,700.
#BTC direction is still not clear at the moment, the price shows its sideways and holding the local support area too. $112,000 and $115,000 is the key area of breaks to decide the bias.