the week prior, Bitcoin was a target for opportunistic whales, on-chain analytics resource Material Indicators explained.
Uploading a chart from the BTC/USD order book on Binance, Material Indicators captured resistance shifting higher, with the potential uptick in spot price offering a more advantageous selling level for large-volume players. “FireCharts shows Crypto Weekend whales seem interested in trying to exploit the upside illiquidity in the Bitcoin order book to sell higher. Personally, I'm fine with that,” part of accompanying comments read.The week’s lows meanwhile saw moderate reactions from market participants, some of whom pushed back against calls for a mass capitulation event on short timeframes.
“CT hysterical about bear market when BTC hasn't retested a major fib or moving average which were busted after 3 waves up,” Filbfilb, co-founder of trading suite Decentrader,“I am short as per my updates while we reside below the main resistance zone below $22,400 - $22,600. Overall i could see another tap of the highs if we can hold above $20,300 overall,” he
filbfilb 📊 Will the expected fall in inflation and gas prices boost Bitcoin's value or is it just a temporary effect? Join the debate!💬
filbfilb 💥Is the crypto sentiment 'hysterical' or justified with Bitcoin under $22K? What's your take on the current price action? 💭
filbfilb “CT hysterical about bear market when BTC hasn’t retested a major fib or moving average which were busted after 3 waves up,” Filbfilb, co-founder of trading suite DecenTrader, argued.
filbfilb The majority always over react to what ever price movement.
filbfilb Just HODL
filbfilb We're not overly bothered with what Boomer coin is doing.
filbfilb The dip happened through Nov/Dec. Since then its been slowly climbing! Calm down crypto twitter!