Nimble Crypto
Nimble Crypto 5 minutes reading from Bitcoin

Key Bitcoin Wallets Reassured

BTC high lev long liqs cluster still there down to 16.5K while more high lev shorts just above price to 17.2K. Binance shorts decreasing. Much above 17.2K doesn't look good at this stage.

Rest of analysis below in thread👇🏻

Key BTC wallets deceasing further with balance on exchanges even though in rising wedge still. Decent red netflows....

BTC got rejected at .618 yesterday; now getting rejected under .5 Fib. 2h + 4h MACD turning up for another attempt, but I'm anticipating failure that just adds more to the downtrend; MAY not get higher high in price this time as the structure is well developed....

BTC Advanced Stochastic 2h + 4h turned up, but pivot close to price and volatility percentile hasn't turned up on 2h. May exhaust quickly and turn down again easily from here. Bollinger Bands expanding from low percentiles on 2h, while mid range on 4h....

BTC 2h + 4h RSI generated bullish divergence BUT it's mid range, so a bit wishy washy. From here it's inline with MACD and could generate lower high in RSI + price, then continue downtrend to bottom of range rather than creating more bearish divergence proper....

Although SPX fell out of rising wedge and looks uber bearish with limited upside in any case from here, price could easily react with double top or even persist higher into wedge. HYG (smart money) divergence indicates at least retest/double top formation. Reassess later....

This post is based on this twitter thread.

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