🚩#Crypto Market Update.
👉 This slow bearish movement started in early November, pushing all #BTC & #Alts prices through a 75-day downtrend channel, until reaching this week their major support area, even a little below due to this latest excess which was clearly expected, and occurred last night with a red wick of -20% that quickly triggered nearly $1 Billion in liquidations. (The Whales couldn't pass up this first opportunity of 2022!).
▫️Last Lowest Prices (22-Jan)
🔹$BTC => $35,791
🔹$ETH =>$2,497
🔹#CRYPTOCAP => $1.64 trillion
▫️Crypto Total Liquidations (Coinglass)
🔹Last 12-hr => $543.82 million
🔹Last 24-hr => $996.21 million
👉I left $BTC Chart almost empty to get a clear & better view of the PRICE STRUCTURE which remains definitely bullish, and despite 2 previous corrections in early 2021.
So at this stage, there is no reason to stress, nor to panic, and please don't be influenced by social networks where at the moment we hear everything and its opposite, and a lot of nonsense and stupidity.
🙏
👉 This slow bearish movement started in early November, pushing all #BTC & #Alts prices through a 75-day downtrend channel, until reaching this week their major support area, even a little below due to this latest excess which was clearly expected, and occurred last night with a red wick of -20% that quickly triggered nearly $1 Billion in liquidations. (The Whales couldn't pass up this first opportunity of 2022!).
▫️Last Lowest Prices (22-Jan)
🔹$BTC => $35,791
🔹$ETH =>$2,497
🔹#CRYPTOCAP => $1.64 trillion
▫️Crypto Total Liquidations (Coinglass)
🔹Last 12-hr => $543.82 million
🔹Last 24-hr => $996.21 million
👉I left $BTC Chart almost empty to get a clear & better view of the PRICE STRUCTURE which remains definitely bullish, and despite 2 previous corrections in early 2021.
So at this stage, there is no reason to stress, nor to panic, and please don't be influenced by social networks where at the moment we hear everything and its opposite, and a lot of nonsense and stupidity.
🙏
✅ #Ethereum Closes In On Proof-of-Stake After #Sepolia Testnet.
▫️#Ethereum Testnet Sepolia today moved over to #PoS.
▫️Just one more testnet remains before the entire network completes the Merge.
▫️The Merge, a long-awaited update to the network, is expected to happen this year.
👉🏻 As I told you many times.... if you disregard all the FUDs on social networks, media & influencers articles with their drama "end of the world" headlines, and all others inexperienced trading analysts... well, there's a lot of good recent news and positive enough to fully justify some bullish signs with the start of significant price increases on $BTC & $ETH, and therefor the main reliable #Alts will follow quickly. @AlainBKK
🌐 https://decrypt.co/104513/ethereum-merge-moves-closer-sepolia-testnet
▫️#Ethereum Testnet Sepolia today moved over to #PoS.
▫️Just one more testnet remains before the entire network completes the Merge.
▫️The Merge, a long-awaited update to the network, is expected to happen this year.
👉🏻 As I told you many times.... if you disregard all the FUDs on social networks, media & influencers articles with their drama "end of the world" headlines, and all others inexperienced trading analysts... well, there's a lot of good recent news and positive enough to fully justify some bullish signs with the start of significant price increases on $BTC & $ETH, and therefor the main reliable #Alts will follow quickly. @AlainBKK
🌐 https://decrypt.co/104513/ethereum-merge-moves-closer-sepolia-testnet
🔅#Altcoins: Potential Bullrun or yet Another Bulltrap⁉️
Some Alts have already broken their major resistance, others are in breakout processing, or are just moving below their resistance.
Frankly, I'm always a little skeptical of weekend trend moves that are often irrational, but I'll be glad to see any validations and bullish indicators that could signal the launch of impulsive-waves for the #Alts we're following.
$ETH
--
$ATOM
$MATIC
$SOL
--
$AAVE
$ALGO
$AVAX
$BNB
$CHZ
$SAND
$UTK
Let's just hope $BTC stays calm in its range, no matter if it oscillates between $18k and $23k but no more, because the #Altcoins need a stable #Bitcoin to easily rise their prices in a healthy uptrend.
Some Alts have already broken their major resistance, others are in breakout processing, or are just moving below their resistance.
Frankly, I'm always a little skeptical of weekend trend moves that are often irrational, but I'll be glad to see any validations and bullish indicators that could signal the launch of impulsive-waves for the #Alts we're following.
$ETH
--
$ATOM
$MATIC
$SOL
--
$AAVE
$ALGO
$AVAX
$BNB
$CHZ
$SAND
$UTK
Let's just hope $BTC stays calm in its range, no matter if it oscillates between $18k and $23k but no more, because the #Altcoins need a stable #Bitcoin to easily rise their prices in a healthy uptrend.
🔅Bitcoin-Altcoin Correlation Evolving‼️
$BTC finally woke up, but after the surprising performance of $ETH & $ETC, which restored some confidence in the market sentiment, and therefore have leaded several major #Alts to increase their prices by 20-60% through yesterday.
Now $BTC is slowly rising on its own, and as expected, Alts are no longer progressing but stagnating on their last high, although we are starting to see slight retracements underway.
The weakening correlation between major #Alts & $BTC in an uptrend market is nothing new, and today $ETH (along with $ETC) has just demonstrated it again.
▫️Crypto Map:
1) BTC ⬆️⬆️ => Alts/BTC ⬇️
2) BTC ⬇️⬇️ => Alts/BTC ⬇️⬇️
3) BTC ➡️➡️ => Alts/BTC ⬆️
▫️Legend:
1) BTC Bullrun => FOMO Back into BTC
2) BTC Crash => Fight to Safety BTC
3) BTC Range => Boring, Seeking Riskier Investments
$BTC finally woke up, but after the surprising performance of $ETH & $ETC, which restored some confidence in the market sentiment, and therefore have leaded several major #Alts to increase their prices by 20-60% through yesterday.
Now $BTC is slowly rising on its own, and as expected, Alts are no longer progressing but stagnating on their last high, although we are starting to see slight retracements underway.
The weakening correlation between major #Alts & $BTC in an uptrend market is nothing new, and today $ETH (along with $ETC) has just demonstrated it again.
▫️Crypto Map:
1) BTC ⬆️⬆️ => Alts/BTC ⬇️
2) BTC ⬇️⬇️ => Alts/BTC ⬇️⬇️
3) BTC ➡️➡️ => Alts/BTC ⬆️
▫️Legend:
1) BTC Bullrun => FOMO Back into BTC
2) BTC Crash => Fight to Safety BTC
3) BTC Range => Boring, Seeking Riskier Investments
⚠️ The weakening of the correlation between major #Alts and $BTC in a rising market is nothing new, so be prepared!
The main reason is simple, many investors will start selling their #Alts to buy $BTC, causing the price of #Alts to drop and the price of $BTC to rise.
▫️Crypto Map:
1) BTC ⬆️⬆️ => Alts/BTC ⬇️
2) BTC ⬇️⬇️ => Alts/BTC ⬇️⬇️
3) BTC ➡️➡️ => Alts/BTC ⬆️
▫️Legend:
1) BTC Bullrun => FOMO Back into BTC
2) BTC Crash => Fight to Safety BTC
3) BTC Range => Boring, Seeking Riskier Investments
The main reason is simple, many investors will start selling their #Alts to buy $BTC, causing the price of #Alts to drop and the price of $BTC to rise.
▫️Crypto Map:
1) BTC ⬆️⬆️ => Alts/BTC ⬇️
2) BTC ⬇️⬇️ => Alts/BTC ⬇️⬇️
3) BTC ➡️➡️ => Alts/BTC ⬆️
▫️Legend:
1) BTC Bullrun => FOMO Back into BTC
2) BTC Crash => Fight to Safety BTC
3) BTC Range => Boring, Seeking Riskier Investments
🚩#Alts Market Quick Update‼️
👉 Alts Total Market Capitalization (excluding $BTC) has lost $100 billion since its last high, and is now retesting the previous broken resistance of the "Adam & Even" double bottom, with most certainly a strong rebound from there. Here too, wait and see.
👉 Alts Total Market Capitalization (excluding $BTC) has lost $100 billion since its last high, and is now retesting the previous broken resistance of the "Adam & Even" double bottom, with most certainly a strong rebound from there. Here too, wait and see.
🚩#Alts Market Quick Update‼️
👉 Alts Total Market Capitalization (excluding $BTC) has recovered its $100 billions over the weekend, which is a good sign that investors are back in the Alts market. 😃
👉 Alts Total Market Capitalization (excluding $BTC) has recovered its $100 billions over the weekend, which is a good sign that investors are back in the Alts market. 😃
Forwarded from Power VIP-Signals (ABKK)
⚠️ #BTC Correlation #ALTS
The weakening of the correlation between major #Alts and $BTC in a rising market is nothing new, so be prepared!
The main reason is simple, many investors will start selling their #Alts to buy $BTC, causing the price of #Alts to drop and the price of $BTC to rise.
▫️Crypto Map:
1) BTC ⬆️⬆️ => Alts/BTC ⬇️
2) BTC ⬇️⬇️ => Alts/BTC ⬇️⬇️
3) BTC ➡️➡️ => Alts/BTC ⬆️
(Alts/BTC = Alts paired BTC)
▫️Legend:
1) BTC Bullrun => FOMO Back into BTC
2) BTC Crash => Fight to Safety BTC
3) BTC Range => Boring, Seeking Riskier Investments
The weakening of the correlation between major #Alts and $BTC in a rising market is nothing new, so be prepared!
The main reason is simple, many investors will start selling their #Alts to buy $BTC, causing the price of #Alts to drop and the price of $BTC to rise.
▫️Crypto Map:
1) BTC ⬆️⬆️ => Alts/BTC ⬇️
2) BTC ⬇️⬇️ => Alts/BTC ⬇️⬇️
3) BTC ➡️➡️ => Alts/BTC ⬆️
(Alts/BTC = Alts paired BTC)
▫️Legend:
1) BTC Bullrun => FOMO Back into BTC
2) BTC Crash => Fight to Safety BTC
3) BTC Range => Boring, Seeking Riskier Investments