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Crypto MC Update: ''Risk On'' maintained - Keep eating bears!

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Hello Crypto Trader friends, here’s my update @ 20:03 UTC:

First, Long Bulls Keep Calm in this weak shorting (currently some bad shoring occurring).
Because of its dominance, BTC’s TA is the point of reference for the market with a reference start date of March 13, 2022, 00:00 UTC (the start of the 3rd major bull wave as TA has not yet been broken for that date).

BTC’s dominance is strong today @ 97,39% of its range, with ETH’s having a weaker dominance day @ 66,27% of its range.
The market’s status is ‘’Risk On’’ with an active market today with overselling @ 67,23%, as this indicator is well above the 50/50 neutral reference base (67,23% higher than near-equilibrium, while during yesterday’s lighter trading day this indicator fell to 12% above my 50/50 equilibrium reference).

Accumulation is favouring the medium to longer-term traders @ 50,102K (support at 45,681K since April 1, 2022).
ASI is on a positive upcycle at 12,468 ( following a downtrend from a peak on March 28 and plummeting on April 18).
RSI @ 60,13 with an upper band trend.
Trend Strenght @ -0,20 due to bad/weak short-selling going on (kill those bears!).
Fisher + 0,35 which should be its lowest point for the day (will bounce back from bull action to pick up).
MACD’s in upper band territory with a slight down divergence due to weak short selling action since 19:00 UTC.
VI is in an opening cycle currently @ 1,1466

Chaikin Volatility is very low @ 40 indicating how the shorting action is weak!
OBV will pass 0 a 14:00 UTC and is an upcycle now @ +5K
HV at 4,08 and finishing a downcycle as it will rebound.
VPVR: we have passed yesterday a low volume node at $41593 USD and the next low nodes to kill will be between 43.1K-$43,3K USD which will be a bloody bear attack. After that, in the coming days, we will be aiming $45,5K USD for the next low volume zone nodes. All fair and good. Ready for battle!
Following the money, CMF is forming a confirmed upcycle and is now @ 0,07 on its way up.

Crypto market (Altcoins) @ 20,88% above BTC's relative 24 hours performance gain.
My recommendation: accumulate our favorite coins in any weaknesses. In summary, we have a Greenlight dashboard. Do not short this bullish upcycle. Dump only the dogs. DeFi survival to the fittest projects and protocols in on their way. Death to the Ponzi and corrupted projects. This is what blockchain and DeFi are all about in the end. Welcome to the new world!

Good luck with your trades!

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