CAUTION: bullposting,
On-chain roundup
Reasons to be bullish:
1. @cryptopou Everyone's bearish
2. @_Checkmatey_ 28-day Market-Realized Gradient maybe found bottom
3. @BinkiePondarosa Diamond Hands Multiple at peak PAIN
4. @ultravirtu Asia has stopped selling
5. We at support
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1.a Fear and Greed index at prior buy zones
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1.b Another look at FGI, @gas_fring_'s target of $46k has since been hit
FGI has been forming a range between 16-29 since the Dec 5 nuke. It's now at 29.
Expecting it to trend down and test the bottom of this range.
As for $btcusd we can expect $46k again.
$btc $xbt
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2. @_Checkmatey_ 's 28-day Market-Realized Gradient indicator seems to have found a bottom
This means coins are done changing hands at a loss from initially accelerating down (2nd derivative) to now accelerating less (velocity is still negative but has turned around)
Dec 17, 2021 · 9:16 PM UTC · Twitter Web App
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3. Diamond Hands Multiple at peak PAIN
💎👐#Bitcoin Diamond Hands Multiple --> 6mo+ #HODLer Value / Std Dev of Mcap
Measures how extended $BTC is to LTH bags.
The signal:
🟩 Buy Zone 0 to 1 (peak PAIN)
🟥 Sell Zone > 10 (peak FOMO)
🪖HODLers are holding the line
💪Entering conviction zone
😎Let's go!
👉BULLISH🚀
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4. Asia stopped selling.
IF WE ARE BEARISH, WHERE ARE ALL THE SELLERS?
THERE ARE NONE.
2/2 The silver lining: First, US and EU keep buying; and secondly, Asia selling seems to be decelerating.
Show this thread
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AGAIN
WHO THE FUCK IS SELLING?
My 45k target got front-run by a couple hundred bucks because too much bottom shorting started happening + spot absorption exhausting seller.
$BTC
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5.b - HTF structure still bullish - thanks @BigCheds
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5.c SPX is at support - thanks @PermabullNino
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BONUS: even @WClementeIII is waiting for bullish confirmation
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