@BOMBERuss 9 October 2021 more from that month

Summary as of the beginning of October 9, 2021: Macro perspective: Long-term accumulation is at peak levels. Structurally, this indicates a strong rally in the coming months and a bull market in 2022. The coming weeks are a good time to accumulate. Medium-term perspective: signs of moderate accumulation on the part of whales. The level of purchases by strong holders has returned to neutral. Structurally, this indicates a multi-month phase of bullish re-accumulation, but the situation may change quickly. Short-term perspective: the latest price rally has brought the price in line with the supply-demand ratio observed by on-chain indicators. There is some profit-taking on the part of short-term investors, while the level of buying on the part of "strong hands" remains neutral. The overall picture is neutral and on-chain data does not give many signals. Speculation: The volume of speculation on derivatives exchanges is growing rapidly. This comes ahead of the likely imminent approval of the first bitcoin ETF by the SEC, expected within the next three weeks. Speculation around this event will easily outweigh the impact of short-term demand and supply of onchains (also quite neutral at the moment). Expectations regarding price movement: sideways/bearish consolidation in the range of $48-58 thousand over the next ~2 weeks. This is my conclusion based on on-chain and technical analysis. If the ETF is approved, the forecast loses its force and the price becomes unambiguously bullish. Confidence in price movement: low. This is a time of increasing speculation around the approval of ETFs, while on-chain indicators remain neutral. Macro perspective: peak accumulation by long-term holders: Long-term holders are at the peak of accumulation. Judging by the behavior of the market in the past, we have perhaps two or more months before the effect of the resulting supply shock takes effect and takes the price into a multi-month rally. Thus, structurally, the market is ready for the continuation of the bull cycle in the first quarter of 2022 and beyond. #CryptoTrading