How is oil going to break crypto wedge

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garry
Apr 9, 2020

Takeaway

  • Summary: Analysing holders behaviour to find out possible direction of next market move.
  • Assets covered: ETH, USDT
  • Metrics used: Top Holders, Miners Balance, Holders Distribution, Debt created, MVRV, Social Volume


Yesterday's emerging trends revealed some kind of consensus.

We are seeing a wedge which is going to be broken soon.

In which direction?

Let's see.


  1. 1. ETH Top holders:

The biggest whales have been dumping recently. And actually been dumping quite hard. Meanwhile we are not finished yet.


As can be seen in the middle of the chart - whales will initially dump, then retail will kick in.


2. Miners balance:

This is the same pattern with top holders. They start selling before we reach the top. Of course they tend to sell a lot at the top too. But the process starts before. And looks like

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Assets from this insight

Ethereum logo

EthereumETH

$ 394.37

0.79%in last 7d
Tether logo

TetherUSDT

$ 1.02

1.50%in last 7d
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