📖Quick Technical Analysis Education

Trendline

✅A trendline is a line drawn through a chart to show the trend of the Market.
✅The classic way to draw trendline is by drawing a straight line connecting a series of swing highs or swing lows.
✅An up-trend line is drawn through the swing lows and a down-trendline is drawn through the swing highs. In that way the trendline is acting as support to an uptrend

Bitcoin is significantly undervalued based on its historical performance. This has only happened four times before in the entire history of Bitcoin

🔸November 2011
🔸January 2015
🔸December 2018
🔸March 2020

🤩 #BitMart will list Legends (FWCL) on our digital assets platform on Jan. 6, 2023.

💰 Trading pair: FWCL/USDT
💎 Deposit feature: 1/4/2023 10:00 AM (UTC)
💎 Trade feature: 1/6/2023 10:00 AM (UTC)

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15.87 million $ETH ($19.3 billion) has been staked, accounting for 13.2% of all circulating ETH.

SpaceX is raising $750 million in a new round of funding that values the company at $137 billion.

Andreessen Horowitz, also known as a16z, is said to be a lead investor in the new funding round.

https://www.cnbc.com/2023/01/02/spacex-raising-750-million-at-137-billion-valuation-a16z-investing.html

#EOS moves between the support and resistance level and if it can break the resistance level, it will follow path 1

#BTC Weekly Realized Price

#BTC is currently trading around its average cost basis. If there is a confirmed break above this level, it could lead to a bullish run.
Until then, it seems to be in accumulation mode.

#USDT is moving in a rising wedge, which is getting closer with each candle close. A rising wedge is technically a bearish pattern.
might see a last upward trap to take liquidity above the equal highs before the breakdown of the rising wedge.We've to keep an eye on a high volume breakdown to confirm a downward direction in USDT to hit the lower marked horizontal support .

The average purchase price of short-term holders dipped below slightly below $18000.

This level is key resistance level as they might sell at break-even. Flipping this level will be bullish

#Chainlink has been quietly building during this bear market.

💥As evidenced by the increasing number of active developers working on the #LINK project seen in the illustration.

💥Despite market uncertainty, the developer activity on #LINK remains strong

#Bitcoin is significantly undervalued based on its historical performance. This has only happened four times before in the entire history of Bitcoin

💥November 2011
💥January 2015
💥December 2018
💥March 2020

🔥 Nearly $9B worth of $ETH was burned in 1.4 years - link

#ENS announced that users registered more than 2.2 million ENS domain names in 2022 - link

#News

Notice of Removal of Trading Pairs - 2023-01-06

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Bitcoin is trying to break the small channel. If BTC able to break above $17,000 level then we see a move toward the upper resistance of the trading range. We will also see some upward movement in altcoins if BTC holds above $17,000.