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CRYPTOHELL
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Bearish
Referring to the data, these three metrics are Binance's reserves for Bitcoin. We can see that currently, a lot of circulating Bitcoin is heading into Binance for trading because the price has gone quite high, shooting up about 180% from $15k to $44k. Binance's reserve needs to be backed up by the increase in Bitcoin volume on the Exchange Inflow indicator. It's to assure us that a ton of Bitcoin is currently flowing into Binance for trading. #BinanceTournament #inflow #CRYPTOHELL
Referring to the data, these three metrics are Binance's reserves for Bitcoin. We can see that currently, a lot of circulating Bitcoin is heading into Binance for trading because the price has gone quite high, shooting up about 180% from $15k to $44k.

Binance's reserve needs to be backed up by the increase in Bitcoin volume on the Exchange Inflow indicator. It's to assure us that a ton of Bitcoin is currently flowing into Binance for trading. #BinanceTournament #inflow #CRYPTOHELL
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Bullish
In the YouTube comments, someone asked where they can get the channel's trend. I use a pitchfork that I pulled from the instructions I explained in the picture, then I use ratios 1.9, 2.24 & 2.516. - Ratio 1.9 acts as Resistance in the current trend. - Ratio 2.24 acts as the Median in the current trend. - Ratio 2.516 serves as Support in the current trend. If you notice, the current trend is still playing within the same ratios. While the current price is at the Median, the question is whether there's potential for the price to touch Ratio 1.9 again? It's possible, especially if the Elliott wave calculation is correct that the current trend is in wave 2 heading towards wave 3. And for sure, wave 3 will be more bullish than wave 1. $BTC #BinanceTournament #CRYPTOHELL
In the YouTube comments, someone asked where they can get the channel's trend. I use a pitchfork that I pulled from the instructions I explained in the picture, then I use ratios 1.9, 2.24 & 2.516.

- Ratio 1.9 acts as Resistance in the current trend.
- Ratio 2.24 acts as the Median in the current trend.
- Ratio 2.516 serves as Support in the current trend.

If you notice, the current trend is still playing within the same ratios. While the current price is at the Median, the question is whether there's potential for the price to touch Ratio 1.9 again?
It's possible, especially if the Elliott wave calculation is correct that the current trend is in wave 2 heading towards wave 3. And for sure, wave 3 will be more bullish than wave 1. $BTC #BinanceTournament #CRYPTOHELL
So, this might be our gauge that the active sellers right now are the short-term holders, judging from the Exchange Reserve metrics that aren't aggressively increasing. Also, today, more Bitcoin has left the exchange compared to the amount coming in. Do you think Bitcoin can hit $50k? Anyway, for now, I'm still keeping an eye on the daily timeframe SMA50 as support in case there's a correction in the near future. #BTC $BTC #CRYPTOHELL
So, this might be our gauge that the active sellers right now are the short-term holders, judging from the Exchange Reserve metrics that aren't aggressively increasing. Also, today, more Bitcoin has left the exchange compared to the amount coming in.

Do you think Bitcoin can hit $50k?

Anyway, for now, I'm still keeping an eye on the daily timeframe SMA50 as support in case there's a correction in the near future.
#BTC $BTC #CRYPTOHELL
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