0xErcism

The realized price has acted as a critical support before every major bull run.    

-Large deposits to Gemini -ETH sell walls filled at 1230 on Binance Expecting to revisit the 19k area. 9% Inflation rate.. Feds will increase rates AT LEAST .75%.. Expect a small rally after bottoming out at 18,500-19,500 Be cautious towards the end of July.  

-Large deposits to Gemini -ETH sell walls filled at 1230 on Binance Expecting to revisit the 19k area. 9% Inflation rate.. Feds will increase rates AT LEAST .75%.. Expect a small rally after bottoming out at 18,500-19,500 Be cautious towards the end of July.  

Stepped away from crypto back in December due to rumors of high federal interest rate hikes. My last posts talked about the leverage ratio, as we can see speculation has been wiped out. BTC Inflow MA7: I have marked the areas where we had peaked inflows in the past few years. Looks like whales and holders panic deposit to exchanges towards the bottom but never sell. Except when Luna dumped their reserve, the inflow spike correlated with a price drop. Puell Multiple: Has reached the same levels at 2020 Covid Crash & 2018 Bottom. Due to the macro economic conditions, everything seems over sold and relief rally is for sure on its way. Only expecting to see us go towards the lower 40k area, thats when retail will panic back in. Distribution will resume.   

Stepped away from crypto back in December due to rumors of high federal interest rate hikes. My last posts talked about the leverage ratio, as we can see speculation has been wiped out. BTC Inflow MA7: I have marked the areas where we had peaked inflows in the past few years. Looks like whales and holders panic deposit to exchanges towards the bottom but never sell. Except when Luna dumped their reserve, the inflow spike correlated with a price drop. Puell Multiple: Has reached the same levels at 2020 Covid Crash & 2018 Bottom. Due to the macro economic conditions, everything seems over sold and relief rally is for sure on its way. Only expecting to see us go towards the lower 40k area, thats when retail will panic back in. Distribution will resume.   

BTC currently getting rejected at resistance after breaking below. Consistent Gemini deposits occurring with no equivalent outflows. Leverage Ratio has just reached a new all time high again. Solid support at 42,000-43,000 area.   

Looks like a standard accumulation pattern. Where retail traders tend to get wiped out. Leverage ratio hits all time high. Large Binance deposits occurring. Looking back at June, we can see a similar bull trap POTENTIALLY forming.   

Leverage ratio corrected once BTC had spiked down to the $60,000 level. Leverage has already picked up higher to what it was before the Long Squeeze. Expecting another quick dip to wipe out retail greed. Support at: $55k - $58k  

The Stable Coin Ratio has been in a decline for the past month after toping out at 12.34. Steady decline indicates BTC supply is drying up while more FAIT is flowing in.  

UTXO Profit percent is not hovering over the 99 level for a few days now. From September of 2020 to May 2021 UTXO Profit percent stayed at this area until we experienced the bear summer. 2-3 year BTC holders are more likely to start distributing, as price is hovering around previous ATH. Expecting a big move to come if same pattern plays out again from last year.