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GNY Range Report: Market Should Be Slightly Higher In Today’s Markets

Normally the cryptomarket is a battleground for Bears Vs Bulls

Following the FTXCRASH an additional battle has arisen; one of Contagion Vs Momentum

We are seeing this play out in today's BTC

Range Report from GNY

Let's dive into the analysis...

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GNY's Predictions vs Actual chart shows the effect that the overall cryptomarket sentiment is having on price

A measurable difference between sentiment & Statistics

onchain data (minus sentiment analysis) says the market should be significantly higher than it is.

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Our unique Parabolic SAR Chart has shown another successive dot printed from above the BTC

price to below the price

This is a tentative Bullish signal hinting at a market reversal

We will be looking for a welcome 3rd dot in a row in tomorrow's Range Report 🔎

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Our unique 90-day Hikkake chart (published daily) shows an unconfirmed Bullish indicator on the 12th Nov

We are closely watching for a confirmed one

Such an indicator can highlight a breakout move in the BTC

price that leads to profitable trading opportunities

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Daily RSI is currently sitting at 35%, up 2 points from yesterday

-> When the RSI reading is at 30 or below it signals BTC

is underpriced within the chart’s time frame

-> The closer we get to this point increases the possibility of a trend reversal to the upside

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Consistent fear in the media & rolling insolvency news has considerable downward pressure on price, and may end up building pressure & scarcity in BTC

liquidity

When will a sense of opportunity overcome fear of continued slides?

Watch the GNY Range Report for signs

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Today's BTC

Range Report from GNY is free for you to view in full here:

This is a static copy of the live page which is launching on a subscription basis shortly

Don't miss out on our special introductory offer here:

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Range Report - GNY
This post is based on this twitter thread.

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