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BTC, locally a resistance zone, has become a support. Marked in pale green on the graph. BUT this support is weak, due to the line of the ascending pattern, see the chart. At the moment, a setup has been formed with local level compression. also look at the chart, local resistance. Bitcoin is now almost at the end of this setup. Getting out of it in the next couple of days. A breakdown of the local resistance zone will send the price higher to the upper limit of the pattern. So a breakdown downwards will send the price at least to the local support zone. Such patterns make their way in both directions, As a minimum setup from August 20, 1 goal worked out. Most often, recently, the working out of such patterns has been down. But at least you need to wait for the breakdown. In general, the market has almost recovered, the last touch remained on September 11, inflation data. And after that, the market is free from negativity and fear.

the withdrawal from the exchanges exceeds the input - 2%, 1,400 btc

Altcoins, as well as Bitcoin on September 11, are awaiting data. But still, after the last correction, its bottoms from the beginning of August, many have already gone far enough. The activity of investors and the general mass of traders is at the lowest levels. Many people no longer have faith, almost the majority have sold and left the market. There is also enough metric data - it signals the day or close to it (of course, this data has already been during this month) and for many coins the bottom is more likely already passed! But there are still a lot of coins that can be bought back at an attractive price. I quote Buffett's words "when blood is pouring, buy, when euphoria and everyone is shouting buy and sell"

https://www.tradingview.co.../
4 months ago

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