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Bitboy and the BanklessDAO are going at it on Twitter as SBF is looking to not list certain assets on FTX US, all, while 77% of Salvadorans think of the BTC legal tenure, was a failure.
QUADX is live, and in celebration, we’re organizing an AMA on Tuesday, the 25th of October, at 3 pm UTC!
<iframe width="560" height="315" src="https://www.youtube.com/embed/WrMhVa38p90" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
Bitcoin (BTC) did see a push down in price from $19.8k to $19k - but it still remains within an accumulation range, which it has been in for the last 30 days.
1-Hour BTC/USD
On the 1-hour BTC/USD, given the low volatility, we’ve seen a manipulation pattern take place on the lower time frames.
The higher time frame ranging price action combined with the low time frame manipulation pattern signals buys may well be on their way. Given that we've continued to move deeper into discount, a move into premium seems likely. Now that price levels have hit the $18,995 floor of the price range, we could see further bearish prices to the extremes of the wider range. or enough sells have been coaxed into selling that the bulls can utilize them as liquidity for their move into premium. Price has also been sustaining itself below the 50EMA, if the bearish direction is to take place, we could see a rejection from it, signaling the start of the bear move.
1-Day BTC/USD
Over the past week BTC/USD has continually decreased in volatility, almost converging with the same rate of low volatility.
Such behavior is usually reserved for a stable currency pair like GBP/USD, something that has historically not happened very often, which shows how low the volatility is as of late. As we continue to be contained below the 50 EMA, we could see another retest of the 50 EMA as resistance pushing price down into the $18,200 region and extreme Order-block before pushing higher.
Ethereum (ETH) had a modest 1% decline this week - it appears to be stuck in a channel. The entire crypto space appears to be in a stalemate, with price refraining from dramatic changes. However, there are always a few altcoins that have their ups and their downs; for example:
1-Day ETH/USD
After testing the extremely bullish OB of the current range of importance, we saw the price move bullish, taking 1H buy-side liquidity, 1H equal highs engineered liquidity, and mitigating a prominent order-block.
At this point price failed to close in premium and instead had an aggressive move back down into discount, a signal of the speed of this move being the Fair Value Gap left behind. Since then price has ranged sideways as further buyers and sellers are brought into the market to fuel a move into the premium of the range around $1300-$1330, or take out the range low of $1263.
QUADX is live, and in celebration, we’re organizing an AMA on Tuesday, the 25th of October, at 3 pm UTC!
<iframe width="560" height="315" src="https://www.youtube.com/embed/WrMhVa38p90" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
Bitcoin (BTC) did see a push down in price from $19.8k to $19k - but it still remains within an accumulation range, which it has been in for the last 30 days.
1-Hour BTC/USD
On the 1-hour BTC/USD, given the low volatility, we’ve seen a manipulation pattern take place on the lower time frames.
The higher time frame ranging price action combined with the low time frame manipulation pattern signals buys may well be on their way. Given that we've continued to move deeper into discount, a move into premium seems likely. Now that price levels have hit the $18,995 floor of the price range, we could see further bearish prices to the extremes of the wider range. or enough sells have been coaxed into selling that the bulls can utilize them as liquidity for their move into premium. Price has also been sustaining itself below the 50EMA, if the bearish direction is to take place, we could see a rejection from it, signaling the start of the bear move.
1-Day BTC/USD
Over the past week BTC/USD has continually decreased in volatility, almost converging with the same rate of low volatility.
Such behavior is usually reserved for a stable currency pair like GBP/USD, something that has historically not happened very often, which shows how low the volatility is as of late. As we continue to be contained below the 50 EMA, we could see another retest of the 50 EMA as resistance pushing price down into the $18,200 region and extreme Order-block before pushing higher.
Ethereum (ETH) had a modest 1% decline this week - it appears to be stuck in a channel. The entire crypto space appears to be in a stalemate, with price refraining from dramatic changes. However, there are always a few altcoins that have their ups and their downs; for example:
1-Day ETH/USD
After testing the extremely bullish OB of the current range of importance, we saw the price move bullish, taking 1H buy-side liquidity, 1H equal highs engineered liquidity, and mitigating a prominent order-block.
At this point price failed to close in premium and instead had an aggressive move back down into discount, a signal of the speed of this move being the Fair Value Gap left behind. Since then price has ranged sideways as further buyers and sellers are brought into the market to fuel a move into the premium of the range around $1300-$1330, or take out the range low of $1263.
SBF speaking to the DeFi & NFTs ecosystems pic.twitter.com/aYWRo5D4U0
— state (@statelayer) October 20, 2022
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