BTC Daily Technical Analysis: BTC Balance on Exchanges is Up / Shorts Take Profits / Short Opportunity on ETH

By FreedomBuilder | Trading The King of Crypto | 16 Nov 2022

Le pic au nord vers les 20.5K a diminué depuis hier, de 180 $millions à 76 $millions aujourd'hui, je conclue que les shorts clôturent leurs positions et prennent des profits.

ETH is likely to correct strongly given the number of peaks to the south.

One more ingredient that shows the return of sellers is the balance of BTC on the exchanges which is starting to turn positive with a massive influx of +17.8K BTC on Binance, it looks like the Long Squeeze to the south is slowly preparing!

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Bitcoin (BTC) Ethereum (ETH) Technical Analysis Binance Exchange Bear Market

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FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.

Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???