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 March 8, 2022

BTC to $100,000 by EOY scenario.

BTC to $100,000 by EOY scenario. Bitcoin / TetherUS BINANCE:BTCUSDT HenriTrades BTC to $100,000 by EOY scenario. BTC to $100,000 by EOY scenario. BTC to $100,000 by EOY scenario. BTC to $100,000 by EOY scenario. […]

Trading View March 4, 2022

Create another wave up to $ 48,000

Create another wave up to $ 48,000 Bitcoin / TetherUS PERPETUAL FUTURES BINANCE:BTCUSDTPERP sd737927 If these 3 correction waves in the range of $ 39,000 are completed, we can see an upward wave up to […]

Trading View May 9, 2022

ETH Fractal Short 2.0

ETH Fractal Short 2.0 ETH/USD COINBASE:ETHUSD Marzipug The logarithmic support trend line for ETH has broken, suggesting a cycle top and therefore a likely repetition of the previous cycle (a fractal ).