Price / Performance Summary
Price	1,473B
High	1,503B
Low	1,230B
7 Day	-29,5%
30 Day	-20,7%
3 Month	-4,6%
6 Month	138,7%
9 Month	301,4%
12 Month	498,8%

Simple Moving Averages (d)
	Value	Action
10-d	1,754B	WEAK SELL
20-d	2,033B	WEAK SELL
30-d	2,052B	WEAK SELL
50-d	2,024B	SELL
(6,21)-d	(1,549B - 2,026B)	SELL
(50,200)-d	(2,024B-1,303B)	HOLD
Exponential Moving Averages
10-d	1,709B	WEAK SELL
20-d	1,879B	WEAK SELL
30-d	1,939B	WEAK SELL
50-d	1,939B	SELL
Simple - Exponential Moving Averages Pairing
14-d	(1,795B-1,941B)	SELL

Oscillators (d)
	Value	Action
RSI (14)	34,56	HOLD
MACD (12,26)	(-161,70- -70,22)	HOLD
CCI(14)	-122	BUY
Bollinger Bands	N/A	SELL
Chande Momentum Oscillator	-50,22	STRONG BUY
DEMA(20,50)	(1,694B-2,022B)	WEAK SELL
Stokastik Oscillator (14,3,3)	(20,24-24,48)	WEAK BUY
Average True Range	307B	HOLD
Chaikin Osilatörü	34,89	HOLD
Detrended Price Osilatörü	-660B	HOLD
Volume-Demand Oscillators (d)
Demand Index	-0,12	HOLD
Money Flow Index	34,28	HOLD

 

I. Trend Analysis

Chart 1 - Trend Analysis

The trend that started on May the 10th, 2021 continued till today though we have seen a slight increase in the performance and the market cap of crypto assets in the last several hours. In order to persuade us that the market is breaking this trend, we need to see that prices cross the high line with volume and remain there. Unless this advancing channel is disrupted, anxiety can be expected to continue to dominate.

II. Support & Resistance & Fibonacci Retreament

Chart 2- Support & Resistance & Fibonacci Retreament

Let’s look at  5 main support and 5 main resistance points. Below are the main support and resistance points. Fibonacci correction was applied according to the uptrend that started in early March 2020. The resistance points in case of an upward break with volume are given below. In case the rest follows, we can expect the following support points to come in order.

 

 

MAIN RESISTANCE POINTS			MAIN SUPPORT POINTS
5.Main Resistence	2,305B		1.Fib Support	1,337B
4.Fib Resistence	1,990B		2.Main Support	1,290B
3.Main Resistence	1,844B		3.Main Support	1,198B
2.Fib Resistence	1,628B		4.Fib Support	1,048B
1.Main Resistance	1,530B		5.Main Support	0,805B

III. Formation Analysis

Chart 3-Formation Analysis

An inverted V pattern has formed, where prices rise very quickly, leaving a single candlestick line at the top and falling to the exit points at the same speed. They make both the rise and the fall voluminous.

IV. Fear & Greed Analysis

Feer and Greed Analysis Index gives an indicator around the sentiment analysis felt by the traders in the market.

                                                                                                                           

Chart 4-Fear & Greed Index

The index currently shows 10 out of 100, can be described as the extreme fear in the market due to sharp fall.

Source: https://alternative.me/crypto/fear-and-greed-index/

V. News Perspective

Here are the latest news with high news sentiment scores based on CryptoIndexSeries scoring:

-Last week Musk warned that Tesla still plans to use BTC as a payment method, but for now, it is suspended. The company wants the cryptocurrency to use cleaner energy in its mining and thus preserve the environment. The Tesla project with Bitcoins is suspended for now, but it will have altcoins available as a payment method. (1)

-Stocks, China and the dollar: 3 reasons why Bitcoin price is tanking below $40K.  Elsewhere in the macro picture, tech stocks are suffering — and that’s also something that tends not to bode well for Bitcoin. Following a curious report by Reuters about China allegedly banning further aspects of cryptocurrency commerce, stocks began to come under pressure.(2)

-Many pin the events of yesterday on FUD (Fear, Uncertainty, Doubt), whether Elon FUD, China FUD, or OCC FUD. However, an “insider” on anonymous board 4Chan claims it was a coordinated attack by an unnamed firm connected to the Chinese government. Such claims, without a verifiable source, should be taken with a healthy dose of skepticism. But the post was made 12 hours before markets dumped and did predict the sell-off.(3)

 

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