Here's the crypto roundup for today
-BTC is volatile
-Alts are taking a beating
-Those who got in at 2017 are planning on selling their BTC to break even as BTC gets closer to 20k
-Intuitions are getting ready for next macro cycle (Negative interest rates, bail ins & inflation)
---> People are moving to crypto for a better place to store their value
-ETH has historically outperformed BTC during bull markets. but also dropped more during bear markets
-Defi search traffic on Google is not as strong as august but could be big in 2021.
-ETH 2.0 only has 18% of needed stakes. ONly one week to go
-Could result in massive buy pressure for ETH if community wants to fill the bar.
-BTC ranked #1 on twitter, Elon Musk talked about it, lots of celebrities talking about it
-Big funds are coming in
-1.5 Billion moved out of ETH farms
-Bears are trying to get it down to 17k. Next position could be 20k range
-ETH didn't dump with Uniswap ending. Capital could flow to ETH 2.0 2 year staking
-Bearish divergence
-Technical analysis is being negated
-BTC pushed through final resistances of 2017/18
-If BTC closes with a pull back above 16k, we will still have a higher monthly candle close.
-keep an eye on the 21day moving average, could bounce off if retracement comes
-if blow off top, good place to buy in is at 12.5k-14.5k
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