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ENSIGN TRADING
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#Bitcoin 💰 supply on exchanges are falling to new lows! 💥 Bullish 🐂
#Bitcoin 💰 supply on exchanges are falling to new lows! 💥
Bullish 🐂
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💰 If Bitcoin holds above this $64.5k support (100 EMA) expect a breakout to $72k. #BTC☀
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Despite the historical confluence between strong market momentum, and an expansion of active addresses and transaction counts per day, a deviation in this trend is underway. The present monthly average transaction count resides at 617k/day, which is 31% above the yearly average, and signifies a relatively high demand for Bitcoin blockspace. #BTC☀
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#BTC haven't moved anywhere, just damaged the altcoins by sharply moving back and forth with that, price is stuck in between though. Expecting some sort of breakout by wednesday at New York, due to news, else this whole weekend will also go in consolidation, so you can wait for it. #BTC☀
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📉 Altcoins Capitulation Across the Market. High-cap altcoins are down just 2-5%, but mid and small-cap altcoins have dropped 15-20%. Market Reversal Starts After Such Capitulation. (Good Opportunity to Average In SPOT)
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#ETH UPDATE : #ETH cleared liquidity from the lows and move with strong momentum. Price gave the minor structural shift and there it good amount of liquidity siting on the top. Price also moving back and forth from the key resistance area, so eyes on break to the upside. #ETH🔥🔥🔥🔥
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