Ouch, my wallet

Cryptocurrency / Bitcoin Market analysis 9/19

Ergonap
Coinmonks
Published in
2 min readSep 20, 2022

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Yesterday, a completely predictable gap was filled. Can’t say anyone saw it coming. Not even @nap_trader, whoever that is.

Afterwards, BTC proceeded to go sideways and bart before going up and liquidating the hell out of shorts on basically nothing. It looks like retail is withdrawing a bit, but also that OI is consolidating on minimal amounts of anything.

https://imgur.com/nLuiJST

See the volume faing on this scam pump?

https://imgur.com/Jvij1dp

That’s not bullish.

Charts are overall macro as bearish as ever. It hasn’t really changed.

https://www.tradingview.com/x/2qi3bpDU/

One thing has, however. And it’s a doozy. Just in time for JPOW to talk money printers Wednesday, we have exceedingly high eth/btc on exchange per theblock . Different results on @messaricrypto, but who knows who is right.

https://imgur.com/4ZB0bbT

Overall, we are primed for a very aggressive dump. And I’m short $BITO.

it’s not going to be pretty

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Ergonap
Coinmonks

Foodie, algotrader, trader, chartist. Donations to paypal @ tradernap, Website at tradernap.com