s see the actual situation with BTC. 1st chart: All about technical is almost the same like previous weekend. First, the price level of around $7700 is still playing as a strong support. If we go over $9100 I can say were safe and definitely can look for further hights, and the opposite - if we go below $7700 we
re not good. Second, if we check Simple Moving Averages (100 and 200 days) and their connectivity, things are looking not so bad. The bad points about 200SMA is that the price tried to pass above it a couple of times but unfortunately it failed for now. The 100SMA is still above 200 SMA but seems like its trying to go under. The new add in technical chart is Madrid Moving Average Ribbon. It seems like good technical tool so i
ll watch it in near future. Im seeing it bearish now but the lines seems parallel already so that can be a signal for turning back soon.
Thanks to Glassnode we can see what the institutions and big players are doing right now – COMPOUNDING. Yes, the addresses owning at least 1000BTC are extremely growing. What do you think about it? If BTC will gonna crash do you think such money will be invested in it?
Here`s 2019 BTC live address counts by balance:
Up to 0.1 BTC: 2.845.298 +12.0%
Up to 1 BTC: 785.685 +11.8%
Up to 10 BTC: 153.083 +2.5%
Up to 100 BTC: 16.093 -3.1%
Up to 1000 BTC: 2.172 +17.6%
Up to 10000 BTC: 110 +11.1%
That`a all for this week.