Bitcoin 2022 bear market 'usual' despite key trend line loss — analyst

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Stop worrying about the Bitcoin 200-week moving average, says SwellCycle.

While these have so far not beaten previous bear markets, this is no reason to fear the worst, Superswell continued.

“From an on-chain perspective, this is business as usual *so far* for a macro bottom and bear market,” he wrote.An example came in the form of percent volume in profit — a chart showing what portion of transaction volume involved coins moving at a higher price than they did last time. Currently trending down, the metric needs to begin an uptrend — a series of higher swing lows and swing higher highs, which Superswell says would “confirm a macro reversal.”Bitcoin percent volume in profit annotated chart. Source: Superswell/ TwitterGlassnode itself meanwhile also targeted profit and loss, which superswell described as “*the* invisible hand” in the market, for macro cues this week.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 562. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

I know the history and use the bear market to its fullest extent. I spend as much usdt as I can to buy bitcoin and other promising projects

Simple, buyin season incoming, so preparing a lot of fiat.

🍑

History is a great teacher, but be sure to always DYOR. No matter what has happened before, a great project foundation will sustain better the bearish markets.

Definitely. Our system works on the principle of checking and analyzing the historical movements of the market and by far, we are doing great in this BearMarket.

being in USDT is the best way to dealing with the bear market

SwellCycle Start caring for NDAU instead!

SwellCycle Literally all bitcoin cry babies have blocked me because I speak the truth.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Bitcoin, Ethereum Technical Analysis: BTC Races to 3-Week High on Monday – Market Updates Bitcoin NewsBitcoin was trading above $17,000 on Monday, as the world’s largest cryptocurrency raced to a three-week high. climb to freefall It may be a sign of bull trend. If bitcoin starts trending, other significant cryptos like eth and some others will do the same. It is time to catch the dips. Bitcoin will definitely recover by the end of December. That's why I'm keeping a long on bitfinex open
Источник: BTCTN - 🏆 531. / 51 Прочитайте больше »

Bitcoin Lags as Unwinding of 'Fed Trade' Lifts US Stocks Above 200-Day AverageBitcoin trades at a significant discount to its 200-day average as popular macro trades of 2002 unwind, leading to risk revival in traditional markets. By godbole17 godbole17 2002? Lol godbole17 Keep buying bitcoin godbole17 Short it
Источник: CoinDesk - 🏆 291. / 63 Прочитайте больше »

BTC price levels to watch as Bitcoin holds $17K into the market openBTC price has the potential to head higher still after three-week highs, Bitcoin traders hope. Hopefully, the green candle, which represents hope from the lower rate coming, lit up. Christmas is coming and you can choose anything to win as a gift! What would you choose?👇
Источник: Cointelegraph - 🏆 562. / 51 Прочитайте больше »