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Tracking Whales, What This Bitcoin La divergència podria indicar el preu de BTC
Bitcoin is trending downside on lower timeframes and seems to hint at future losses. The number one crypto by market cap records a 3% loss in the past week, but there is a potential sign of hope for the bulls.
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A l’hora d’escriure, Bitcoin (BTC) trades at $20,000 with a 1% loss in the last 24 hours.
BTC trends to the downside on the 4-hour chart. Source: BTCUSD TradingviewAs a pseudonym trader pointed out, Bitcoin whales are currently buying into BTC’s price action and could be hinting at a future relief bounce. The trader used data provided by Material Indicators to show what the different investors’ classes are doing while BTC records losses.
As seen below, investors with bid orders of about $100,000 (purple in the chart below) have increased their buying pressure as almost every other and smaller investor class sells into this price action. This divergence could hint at a bounce as these BTC whales often anticipate or create price trends. The pseudonym trader explained:
Whales (purple) are market buying while #bitcoin price is flat. Historically, purple is the most important class for future price action. Clear divergence, hopefully it will play out this time.
Bitcoin whales (brown in the chart) also saw a small uptick in buying orders as BTC returns to the area of around $20,000. This investor class has been mostly dormant in the current market environment, but their recent involvement highlights the importance of BTC’s current levels.
Balenes BTC (violeta i marró al gràfic) comprant a l'actual PA. Font: Indicadors de materialsEn aquest sentit, Material Indicators registra comandes d'oferta massives per al preu de BTC al voltant d'aquesta àrea des dels 19,900 fins als 20,000 dòlars. Hi ha més de 20 milions de dòlars en ordre d'oferta només en aquests nivells, amb 6 milions de dòlars addicionals al voltant de 19,500 dòlars i més de 10 dòlars entre 19,000 i 19,000 dòlars.
In other words, there seems to be enough liquidity for Bitcoin to hold at its current levels for the time being.
BTC’s price with important levels of support (blocks in yellow and red below the price) on lower timeframes. Source: Material Indicators Can Bitcoin El Bitcoin Bulls Score A Green Monthly CandleEn períodes de temps més elevats, les dades addicionals proporcionades per Material Indicators registren una zona de liquiditat important entre 17,000 i 20,000 dòlars. Els grans participants del mercat podrien intentar fer baixar el preu per omplir aquestes comandes, cosa que podria dificultar els intents dels alcistes de salvar l'espelma mensual.
Els analistes de Material Indicators van escriure:
Bulls are defending the 2017 Top, but with one day to go it’s going to be almost impossible to print a green Monthly candle. Still a chance for green on the Weekly. Expecting volatility. One way or another, Bitcoin is going to breakout or breakdown very soon.
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Els analistes esperen un potencial alleujament en els propers dies després d'una possible reprovació dels mínims anuals. Qualsevol tesi alcista quedaria invalidada si BTC perd 17,500 dòlars.
Trend Precognition is flashing a pretty strong Long signal on the #BTC Weekly chart. Signal won't print until the W candle closes, but indicates that we could see a run at the 200 WMA this week. Happy to test the lows first. For me, sub $17.5k invalidates. #NFA pic.twitter.com/hvs1as44qG
— Material Indicators (@MI_Algos) June 28, 2022
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