Onchain: BTC anf ETH inflow & stablecoins outflow

Bitcoin / TetherUS BINANCE:BTCUSDT

MJShahsavar

Simultaneously with the inflow of Bitcoin and Ethereum into the exchanges, we are witnessing an increase in the outflow of stablecoins. (to see onchain analysis, check my youtube channel)
In the technical chart, this is accompanied by the forming and breakdown of a descending flag/ pennant pattern.
Both of these analyzes could indicate a possible decline in the price of bitcoin in the coming days

You might be interested in …

Trading View May 16, 2022

BTC potential upwards correction

BTC potential upwards correction BTCUSDT Perpetual Contract BYBIT:BTCUSDT Gunslinger2005 entry on the L3 or a wick below it. Target H3 for closing half… and then move stop to entry. second target H5 if H4 is […]

Trading View April 15, 2022

Uniswap Price Analysis — April 15

Uniswap Price Analysis — April 15 UNI/USD COINBASE:UNIUSD Mr_Wogbe_Alex Following its 25% slump to the $9.00 low on Monday, UNI has formed a mild but steady bullish pattern , as the broader market struggles to […]

Trading View May 18, 2022

BTC Bear Bottom Cheatsheet

BTC Bear Bottom Cheatsheet Bitcoin all time history index INDEX:BTCUSD ronzo777 Firstly, apologies for the size of the chart – I had to fit in 3 cycles, so the size is a little small. Also, […]