Crypto Kindie | TA, News, & Alerts

U.S. SPOT BITCOIN ETFS RECORD $78.93M IN DAILY NET INFLOWS, BLACKROCK LEADS U.S. spot Bitcoin ETFs continue their positive momentum with $78.93 million in net inflows on Thursday, marking the fifth consecutive day of gains. BlackRock's IBIT, the largest by net asset value, led with $72.09 million in net inflows and $725.61 million in trading volume. Fidelity’s FBTC and Bitwise’s spot bitcoin fund also saw substantial inflows, while Grayscale’s GBTC experienced $37.69 million in outflows. Source: The Block https://x.com/Crypto_TownHall/status/1811743219560120411

$CSPR Monthly It's been an age since I posted about #Casper, let's see how it's going in my absence 👀 I've said for a long time that I'm not interested in trading/holding #CSPR while it was stuck in a range. Even at 4-5c, I was looking for a range breakout and retest of 6c before looking for an entry. A signal of strength + HTF confirmation is better than bag-holding a ranging coin. CSPR has bled back to the bottom of the range and now even deviated lower, this is a HTF max-pain bleed out... I'm seeing HTF signals of strength @ 2c, Bullish Divergence brewing on Monthly RSI... But, I'm struggling to find fundamentals to confirm a HTF bullish flip, the network remains quiet in terms of activity. Even so, I'll be considering a small entry @ this level. Max fear, no more unlocks/dilution, team is still active, HTF divergent strength 🫡 https://x.com/CryptoKindie/status/1811742780445593979

$RNDR > $RENDER Migration Markets hate uncertainty, and this planned migration of the #RNDR (erc20) token to the new #RENDER (sol) token is causing just that. On the 26th, Binance will delist all spot RNDR pairs and automatically migrate tokens held on the exchange to the new RENDER token. There's nothing to worry about there for those that hodl spot positions. Additionally, all Futures/Margin positions will be Automatically closed/settled - This is where the short term issue is. Traders are currently closing positions and settling ahead of time to avoid being forced out on the 26th, this in turn creates sell side pressure as a large amount of positions are being closed. Open Interest on RNDR took a dive on the news (see chart), which is understandable. Let this market dynamic settle in the short term. Once the new pairs are activated and the transition is complete for Futures/Margin traders it'll be business as usual. https://x.com/CryptoKindie/status/1811710555326951643

$RNDR Weekly Summer 2023 repeating, starting to look obvious what happens next. Just like 2023, $render has backtested the Weekly 50MA + previous local top and confirmed it as support. Weekly RSI is at the exact same level as when #rndr bottomed out last year. Volume profile is exactly the same. After bulls created a new price floor last summer, they went on a 210 day bull run, ripping almost 1000% to the upside. Laying down the same fractal on today's PA, a similar run would see $50 - this is probably a min target for the cycle 🫡 https://x.com/CryptoKindie/status/1811372169516998716

$IO Daily Breaking out on the Daily 👀 Bull have flipped downtrend resistance back to support and broken through the key level @ $2.5 Might be time to start paying attention to @ionet #io 🫡 https://x.com/CryptoKindie/status/1811368572402139366

$BTC Daily RSI Breaking out on the Daily, confirmation on the close 👀 #CPI data release in 45min, cool numbers will surely help #BTC's cause in reclaiming range and flipping the D1 200MA back to support. Either way, short-term volatility incoming. Positive signs initially with Bullish Divergence printing on D1 RSI, now RSI breaking trend reaffirms the thesis that #Bitcoin is close to breaking out of this downtrend. https://x.com/CryptoKindie/status/1811366925303214333

$ETH Daily Eth bulls punching a hole through the D1 200MA, positive sign for #alts 👀 $BTC, on the other hand, stuck underneath the 200MA and continues to lag. https://x.com/cryptokindie/status/1811083664278667384

$BTC Daily Bulls probing the Daily 200MA yet again, and again another rejection. Keep tapping a level and it’ll eventually break. But, until it does it remains resistance, and we don’t look for longs at resistance. Waiting for a S/R flip and reclaim of range, or another manipulated purge into the low 50s, even as low as 48k but let’s see how that goes. CPI tomorrow: cool inflation numbers might give BTC a little pump, perhaps enough to claim the range, neutral numbers business as usual, hot numbers and maybe a short term bleed. #Bitcoin is at an ATL in terms of macro correlation, it’s very much on its own path right now. Given the negative correlation, whatever happens with CPI tomorrow, I’d expect #crypto’s reaction to be short lived. https://x.com/CryptoKindie/status/1811044607603441944

$BTC Daily Bulls continue to probe resistance @ 58k + the Daily 200MA, meanwhile Germany persists in lettuce handing their #BTCs. Sell pressure from Mt Gox & Germany selling is creating short-term FUD. Short-term holders are fumbling their bags while institutional ETF buyers are buying the dip, inflows are positive and ramping up. While 48-50k is a big support to watch for a final purge, don't rule out the bottom is already in. A grind-up and reclaim of 58k, the D1 200MA, and ultimately HTF structure is on the cards. https://x.com/CryptoKindie/status/1810683404100288872