MtGox FUD is overestimated.
Market cap growth outpaces realized cap growth, showing strong demand. Since 2023, $224B in #Bitcoin sold, yet price up 350%.
Even if MtGox's $3B is sold on Kraken, it's just 1% of the realized cap increase in this bull cycle — manageable liquidity.
Source
$ETH
There is no market structure change on #ETHEREUM yet and the lows are still pending.
Change of market structure on daily timeframe (at-least) should be done for more confidence in #ETH long
Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#BTC/USDT Take-Profit target 2 ✅
Profit: 18.2976% 📈
Period: 5 Days 21 Hours 26 Minutes ⏰
🚨 Unusual Exchange Inflows
4,842.99 #BTC ($269,683,655)
aggregated inflows to spot exchanges in an hour
1. Coinbase_prime 4,535 BTC (93%)
2. Coinbase_advanced 150 BTC (3%)
3. Gemini 104 BTC (2%)
Please note that large deposits into exchanges that support a custody solution could be a transaction from the customer who uses the exchanges’ custody solution.
View Chart | @cryptoquant_alert
Disclaimer:
This post might be an edited one as it appeared only yesterday (I cannot find any older source)
So just don’t go by this post!
Well, this looks good so far!
Got the sweep and reclaim; also bullish divergence intact (not confirmed yet)
Need more confirmations though for a long!
So far so good $BTC
$ETH [Update]
Ethereum after entering bullish RSI territory gave a 90% return.
Now, the scenario has changed and $ETH has moved into a negative (bearish) RSI territory. Historically this has suggested a major decline in prices.
No macro long setup until 57 RSI is reclaimed again on 2W timeframe.
PS: This is not ‘me’ saying: This is what historical data is saying.
Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#SOL/USDT Take-Profit target 1 ✅
Profit: 12.459% 📈
Period: 1 Days 10 Hours 21 Minutes ⏰
"IF" market is kind and $BTC gives a pullback to green zone (bottom of channel), you simply long!
Just don't get scared because the SL would be smaller and upside will be huge.
$SOL
One of the most bullish out there! Holding 200DEMA nicely!
Tap daily FVG > Pullback > bounce > break diagonal resistance > make new ATH > to them Moon
Well, there were many signals about the incoming pump. I told you about most of them💪
If you ignored, it’s not my problem!😏
$BTC
Well the bullish divergence playing out exactly as I expected.
$BTC
I manifested it! 🫢
Binance Futures, KuCoin Futures, OKX Futures
#RNDR/USDT Take-Profit target 1 ✅
Profit: 10.6918% 📈
Period: 2 Hours 8 Minutes ⏰
Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#BTC/USDT Take-Profit target 1 ✅
Profit: 7.5079% 📈
Period: 1 Hours 43 Minutes ⏰
Just to add:
$ETH has not moved back below Breakout levels (breakouts after bear market bottom was made) and has not even retested it.
So in current scenario, breakout level is $2143 level!
$BTC Hopium!
Would be nice if we get this sweep with RSI bullish divergence in oversold region; followed by MSB and then rally higher.