Daily Report – Bitcoin and Market Update (August 31 2022) – The Birb Nest

HTF 12H:

The middaily chart displays an attempt of Bitcoin to form a base in the 19500-20000 USD area. However, it seems wobbly.

The downwards breakouts following the wedge pattern, and the bear flat, seem to have mostly expired their technical targets, which were projecting a support area in the 19000-19500 USD zone.

The CTF Trailer continues to display a bearish advantage, as the main resistance $21463 remains unbroken. As long as it does, the bulls are not in control, and the trend has more bearish sentiment. As a result, there is a window for BTC to drop to lower prices, near the June lows.

MTF 4H:

As BTC nears the monthly close, coming later today, there is a short-term consolidation pattern forming.

A sideways movement moves between the 19500 USD floor, and the 20500 USD resistance area, giving a 1000 USD base size.

The closer BTC gets to the monthly close, the more volatility and risk may appear, locally. An upwards breakout, over the CTF Trailer Stop $20700, may result in a technical, measured move as high as 21700 USD.

However, a failure to do so may imply internal weakness in the market, and higher chances of persisting lower, below the 19500 USD support.

In such a case, the correction would deepen even more, boosting the chances of a 17.5-25k USD pattern failure, and a more violent sell-off, where BTC falls off the cliff below the 17500 USD levels.

LTF 1H:

The hourly chart displays an instance of a sideways pattern, as mentioned in the paragraphs above.

BTC is now trading on the higher end of the pattern range, which may be associated with a resistance.

Unless the 20700 USD level is reclaimed before the end of the month, BTC may follow through lower, and extend the selloff into the 17-18k USD range.

FEAR/GREED INDEX:

The “extreme fear” saga continues to deliver. The most recent BTC slide into the 19500 USD area, has brought a point down to the sentiment index. Now, at 23 points on the scale, out of 100, there seems to be more conviction among the bears that the market is going to continue lower. However, it is worth noting, that the more extreme the market sentiment gets, the more farfetched (less probable) their thesis is going to be. Traders suffering from representativeness bias will extrapolate from small samples. For instance, by watching the most recent tail to the decline, they will automatically assume that the same pattern will continue to populate, so that they would expect further downside decline. While it may come true within short-term, in the longer-term perspective it often makes better odds to take a contrarian position, and decide about the prospect of purchase when there is a selling climax.

Bitcoin: Net Unrealized Profit/Loss (NUPL)

For the on-chain data, the NUPL ratio is now at -0.09, back in the negative territory. It suggests that there is, on average, a net unrealized loss in the market. There is no way to know whether or not or when the bear market bottom comes. However, it may be beneficial to keep eyes on the NUPL ratio. Typically, the more negative it turns, the better the buying odds become to be profitable.

More details shared in exclusive video for premium subscribers.

Hope it helps.
God bless

Daily Report – Bitcoin and Market Update (August 20 2022) – The Birb Nest

HTF 12H:

The middaily chart has displayed a violent breakdown instance, to the downside.

BTC has sliced through the main support threshold at 23165 USD. As a result, it’s lost its bullish edge for the medium-term trend.

The CTF Trailer has signaled a bear label, which suggests that the bears are back in control over the market. The bulls must reclaim the Stop level at 23242 USD, in order to break out to the bullish mode, again.

At the same time, the price action analysis suggests that the rising wedge pattern has been broken down. A violent breakout is additionally confirmed by abnormal volatility burst, adding confirmation to the setup. What follows, is a larger breakout failure, and BTC trading back inside the previous range territory 17.5-22k USD. Such a breakout failure puts BTC in a danger of further collapse, as failed patterns tend to perform better in the opposite direction than normally.

MTF 4H:

The MTF chart has displayed a valid confirmation signal to the downbreak. It came with the first bar closing severely below the Low BPRO Band, which confirms abnormal volatility outbreak.

The prior lack of follow-through on the top breakouts in the 25000 USD area was followed by trend inflection, and selling forces activated.

Currently, BTC is trading in the Low Band territory at 20.8-21.5k USD, and there can be minor hopes for a local upwards pullback into the 22-22.5k USD range.

However, the BPRO Level Lines show resistance levels at:

24995
23304
22849
21988

At the same time, the Level Lines display support levels as defined below:

These levels could be anticipated to serve as level-to-level references. In other words, when one level is breached, the next one in the direction of the movement can be expected to act as the next “magnet”

LTF 1H:

The hourly chart shows first signs of a potential reversal to the upside, as the selling has got exhausted, locally.

The BPRO Divergence System has displayed 73% Div note, which suggests relatively mild chances for an upwards pullback. However, the breakout to the downside is confirmed to have changed the trend direction. So, any upwards pullback may rather be expected to be short-lived.

The short-term picture may get a bit more choppy, as BTC tries to build a base at the end of an over-extended trend. Such a reversal rarely ever is immediate, however.

FEAR/GREED INDEX:

The sentiment has worsened substantially, following the BTC price plunging almost 10% in a day.

Now, at 29 points on the scale, a more intense instance of fear seems to be back in the market, again.

The lower the index print, the more emotionally may traders react to the price action fluctuations. Because of the emotional biases, many investors will feel trapped by their loss aversion, almost forcing them to cut on their winners, and hold on to their losses. More often than not, this puts traders in serious risk of liquidating their account, as they hope and wait for the market to break even for their entry levels.

Such a rapid sentiment change may hint on the further direction of the market changes, as typically, rapid chances come in a couple of waves, rather than just a single price shock – especially, when it’s not a direct result of a news-driven event.

For this, it’s better to be safe than sorry. Other indicators may be factored in one’s strategy for more accurate decisions, e.g. breadth (see thread below).

#Bitcoin rally has failed. That’s what it seems, at least. It’s not just the price chart that helps understand the current market context. Serious traders should also account for what the breadth tells them. Here’s a quick tip to get you started👇🧵

— CRYPTO₿IRB (@crypto_birb)

Finally, full details were shared throughout my latest webinar. Catch it below.

Hope it helps. God bless.

Pito The Birb

ovo!!! CR3BIT: one.happy.tiel (Pito & Friends)
https://www.instagram.com/one.happy.tiel/ !!!ovo
Permission to post granted by original poster.
ovo-=-=-=-=-=-=-=-=-=-ovo
-SUBMIT YOUR VIDEOS HERE: https://goo.gl/forms/LXCYLTvcZpmTkZRk1
-If you use discord and love birbs, make sure to join our discord server: https://discord.me/birbmemes
⚠️ ovo-=-=-=-⚠️-=-=-=-ovo ⚠️
Before buying a bird please realize they’re not toys, and there’s no guarantee they’ll be as funny/cute/affectionate as birds you see on internet.
You buy them to love them, not to be entertained. ♥
⚠️ ovo-=-=-=-⚠️-=-=-=-ovo ⚠️

Sleepy birb and disturbing birb (2)

My cockatiel Goo-san is trying to take a nap.
However, Goo-san cannot sleep because Coo-san sings on top of Goo-san.
Goo-san looks up at Coo-san with annoyance.
#cockatiel #sleep #disturbed #Coo #Goo

Apny birds ko Surprise Dena b Zrori tha😝Buying cute bird from pets shop/New Entry??❤️

BIRB IN SPACE

Provided to YouTube by DistroKid

BIRB IN SPACE · Crystal Sirens · Brandon Knippelberg

BIRB IN SPACE

℗ Crystal Sirens

Released on: 2022-04-15

Auto-generated by YouTube.

IRyS Killing Phoenix Birb after ROASTING her House 【Both POV】

It started out fine at first but then everything changed because of PonRyS
________________________________________________________________________________________________
Source: https://youtu.be/XG11Wvrjd_8
Title:【RUST】I Want a Rocket Launcher

Source: https://youtu.be/H05m0TKA9Os
Title:【RUST】Day 2, totally didn’t play offline secretly…at all.. #kfp #キアライブ
________________________________________________________________________________________________
✰IRyS 【Project: Hope】
IRyS Channel: https://www.youtube.com/channel/UC8rcEBzJSleTkf_-agPM20g
IRyS Twitter: https://twitter.com/irys_en

✰Takanashi Kiara 【HoloMyth】
Kiara Channel: https://www.youtube.com/channel/UCHsx4Hqa-1ORjQTh9TYDhww
Kiara Twitter: https://twitter.com/takanashikiara
________________________________________________________________________________________________
BGM from DOVA-SYNDROME
URL: https://dova-s.jp
License: https://dova-s.jp/_contents/license/

Special thanks for Seafoamboi and Tsukumo Sana for the Thumbnail ♥
twitter.com/SeafoamBoi
twitter.com/tsukumosana
________________________________________________________________________________________________
Subscribe for more IRyS clips~

IRySimp is a Community Project by IRyStocrats who really love IRyS! We clip almost everything here that includes IRyS Talking about Anime girls, Talking about Hololive, Hololive EN, Hololive Shenanigans, Hololive Moments, YabaiRyS, SeisoRyS, and many many more.

We also clip her friends and pseudo Gen mates from Hololive council like Ouro Kronii, Hakos Baelz a.k.a BaeRyS, Nanashi Mumei, Tsukumo Sana, and Ceres Fauna.

We IRySimp also love the Hololive myth from Calliope Mori, Gawr Gura, Ninomae Ina’nis, Takanashi Kiara, and Amelia Watson.

Vtuber Clips, Funny Vtuber, Vtuber funny moments etc etc.

Follow us on Twitter: https://twitter.com/IRySimp
________________________________________________________________________________________________
IRyS BEST EN VTUBER!!!!!!
_______________________________________________________________________________________________

Cute Bird Falling in Love with Baby || Just Funniest

▮ Tittle : Cute Bird Falling in Love with Baby || Just Funniest
Description: Cute Bird Falling in Love with Baby
Link: https://youtu.be/RlEyNAHmnlU
See more : #Funnyvideo #Funny #Funnybabies #JustFunniest

♥ Like, Share, Subscribe and Watch more:
Funny Babies and Pets:
https://go.woanetwork.com/FunnyBabiesAndPets
Funny Vines :
https://go.woanetwork.com/FunnyVines
Funny Babies:
https://go.woanetwork.com/FunnyBabies
Funny Pets:
https://go.woanetwork.com/FunnyPets

Welcome to “Just Funniest” ! Have a nice time watching our video. Our channel shares the content of hilarious videos compilation in our lives do.
This content is not for Children, the content is recorded by the family with happy and funny moments to preserve the baby’s memories. New episode will be released everyday. Our content build in this channel is owned by VIN DI BONA PRODUCTIONS.
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ►►►►►►►►► THANKS FOR WATCHING ◄◄◄◄◄◄◄◄◄

AND DON’T FORGET TO LIKE COMMENTS AND SUBSCRIBE! If there are any copyright issues with any videos posted here i will remove them. please contact my email : [email protected] Thank for watching and supporting our channel.

Daily Report – Bitcoin and Market Update (August 15 2022) – The Birb Nest

HTF 1W:

The weekly chart has closed yet another session over the 200-week average, adding a bit to the bullish side of the market, within a longer-term picture.

The correlation coefficient has increased even more, toward 0.97 ratio, against the S&P 500 prices. This strengthens the directional connection between the large cap equities, and BTC. As long as there’s an upwards tendency in the stock market prices, BTC gains better chances for moving upwards, to catch up with the stocks.

With the main resistance area at 28-30k USD, BTC is yet to prove its stronger leg-up to this bear market. However, the stocks already bring minor signs of trend exhaustion and overbought conditions. Unless BTC blasts through the 30k USD area, and follows through higher at full speed, it may be subject to a large bull trap, followed by a set of new low targets.

Besides, the 5-week RRG chart displays a decent improvement on the relative JdK momentum side. However, BTC has been the biggest underperformer against the stocks over the last weeks. It has a lot to catch up, until it unveils its full bull potential. But, until that comes to realize, it may happen that stocks will have already finished off their rallies.

Caution is recommended.

HTF 12H:

The middaily chart continues to print sessions over the main bullish threshold.

As long as the CTF Trailer maintains the positive tone, BTC may have better odds for continuing the already-existing trend – an upwards trajectory. It is a valid concept, unless BTC fails to hold the Stop level at $23164. A clean breakdown below that level may accelerate a rapid sell-off.

Local failures populating at the range highs area signifies the setup for a potential twist, and a more aggressive swing failure, eventually. Of course, it needs certain confirmation proof – at least, a close below 23164 USD, but the more overthrows populate on top, the more the distribution setup it becomes.

It sets up chances for a mean-reverting move to the downside – potentially, as low as 20k USD, or lower.

So far, though, the bulls hold the upper vote and aim for higher prices.

MTF 4H:

The MTF chart viewed from the standpoint of the BPRO Momentum Bands, happens to have BTC prices moving within a sideways-themed movement.

Ever since bottoming out at 17500 USD level, BTC has not printed a valid breakout signal according to the Momentum Bands. It is, because there have not been any major up-thrust through the upper Band, or a down-thrust through the Low Band. This brings the lack of a breakout validation, as most of the fakeouts occur within regular volatility frames. Such breakouts can not be considered valid, or reliable.

Moreover, the BPRO Level Lines show a resistance at 24995 USD.

At the same time, the Level Lines display support levels as defined below:

23304
22849
21988
20194

These levels could be anticipated to serve as level-to-level references. In other words, when one level is breached, the next one in the direction of the movement can be expected to act as the next “magnet”.

LTF 1H:

The hourly chart has displayed yet another instance of an overthrow, on top.

After over shooting 25200 USD level, having displayed the BPRO Divergence System alert for the bearish divergence, BTC may be a subject to a more violent mean reversion to the downside.

While it’s not granted or should be taken for granted, the lack of a technical follow-through leaves a lot of space for a move in the opposite direction than the failed breakout itself.

Locally, BTC is moving sideways within a narrow range-type of a movement between 23500 USD, and 25200 USD area. As long as there is no valid breakout in either direction – backed by a rapid volatility spike – BTC may bulls may be in danger.

FEAR/GREED INDEX:

As the sentiment proves a bit of stagnancy in the higher end of the fear territory, there seems to be a bit more maturing in the process after many investors have realized their cognitive dissonance effects.

Typically, when a trader records a view or a market trend conflicting their own opinions over the matter, they tend to reject or ignore it to avoid mental discomfort. This takes time to unfold and process. After a cool-off period, traders tend to start realizing about their prior mistakes and attempts to join on the short selling wagon as the market reached the trough areas. This often leaves them wishing for the market to go back lower, so they can benefit from such.

Here – it seems to be a more mature setup, where the crowds are right in the middle of the trend. Counter trading larger money moving in a certain direction rarely ever pays out profitably.

It seems that the sentiment supports the current BTC prices setup, potentially backing up a bit more rally left in the fuel storage.

More details shared in the exclusive video report available to the premium subscribers. If want in on a 10% discount, grab a link below now.

Daily Report – Bitcoin and Market Update (August 24 2022) – The Birb Nest

HTF 12H:

The middaily chart displays an instance of a consolidation pattern, hoovering right over the range low support territory – when measured from the swing low from 25th-26th of July.

The wedge pattern breakdown has been validated by abnormal volatility burst, time spent outside the wedge, as well as the percentage rule. Potentially, there is a chance for an upwards pullback in the form of a breakout retest. If the retest fails to persist higher, and the price action of Bitcoin follows through to the downside and below 20500 USD, this may validate further declines in the direction of the June’s lows at 17500 USD.

Besides, the CTF Trailer remains on the bearish note and continues to display the main resistance at 23188 USD. Until this level is reclaimed by the bulls, the bears have the upper hand.

MTF 4H:

The medium-term outlook for Bitcoin prices suggests a contracting consolidation pattern, ranging between 20700 USD and 21700 USD.

As the volatility decreases, the pattern may have tendency to frame a coil pattern, which could be expected to break toward its hypothetical apex. Of course, it requires further confirmation that this pattern is an actual coil.

Otherwise, the BPRO Momentum Bands reveal a projected volatility range between the 20300 USD and 22500 USD levels. As long as BTC trades within the range, no factual trend may be detected reliably.

Furthermore, the BPRO Level Lines suggest that, while the main support is at 20194 USD, the resistances are as follows:

24995
23472
22591
21988

These levels may be traded also on a level-to-level basis. It means, that when there is a break through a Level Line, the next Level in the direction of the breakout becomes a valid price objective.

LTF 1H:

The hourly chart gives a deeper look inside the consolidation pattern, as it performs the sequence of lower highs, and higher lows.

Recently, a few marks of bullish divergences have been alerted, as BTC started moving sideways. While oftentimes it suggests oversold market conditions (on a short-term basis), it does not guarantee any immediate breakout or any specific direction. What validates the pattern completion is a proper breakout confirmation.

However, the context of the pattern may suggest a bit more chances for BTC to continue to move lower, due to the several cases of top failures.

A measured move to the downside would imply a 20000 USD level for a price objective, should the market break down.

P.S. Note increased risks potential as J. Powell, the FED’s chair, in Jackson Hole, later this week. Caution is advised.

FEAR/GREED INDEX:

Finally, the sentiment has worsened a bit, following the recent wedge breakdown.

Now, at 25 points on the scale, the sentiment among investors can be classified again as extreme fear.

Typically, the more extreme the fear environment becomes, or the stronger the herd’s opinion gets, the higher the chances for a contrary movement, and the better the opportunity for the contrarians to benefit from it.

While new lows may be expected within this bear market sequence, a short-term pullback upwards may be due for a release anytime soon.

P.S. Great news! https://twitter.com/crypto_birb/status/1562187004946825216?s=21&t=-jNzh-EYoX2Jv-IzaWJFO

That’s all for now. Hope it helps. God bless.

« Previous Page — Next Page »