Tonight I opened the chart and QI was the strangest name on the board — up 26.5% in 24 hours, while BTC was still hovering around $74,400 (-0.65%).
Looking closer, QI had just spiked to 0.002475 before cooling off to 0.002072. The 1H RSI had nearly touched 88, and is now down to 60 — the heat has eased, but the price is still above EMA20 at 0.001931 and EMA50 at 0.001810. The latest 1h candle saw 70.8 million QI traded, about 16 times the average over the previous 4 days — real money flowing in, not just a thinly propped-up price.
I’m keeping an eye on two levels: if it breaks back above 0.002475, the story continues; if it loses 0.001644, this wave is probably over.
Quick reminder: U.S. October CPI comes out tonight at 8:30 p.m. — expectations are +0.3% MoM, with core at +0.2% (September was +0.6%/+0.3%). These figures will shape expectations for a December rate hike, which the market is currently pricing in at around 85%. Cooler inflation would give BTC room to breathe; hotter inflation would bring the pressure back.
Data analysis, not investment advice.
$QI $BTC
#Crypto #BinanceSquare #QI #Bitcoin
Looking closer, QI had just spiked to 0.002475 before cooling off to 0.002072. The 1H RSI had nearly touched 88, and is now down to 60 — the heat has eased, but the price is still above EMA20 at 0.001931 and EMA50 at 0.001810. The latest 1h candle saw 70.8 million QI traded, about 16 times the average over the previous 4 days — real money flowing in, not just a thinly propped-up price.
I’m keeping an eye on two levels: if it breaks back above 0.002475, the story continues; if it loses 0.001644, this wave is probably over.
Quick reminder: U.S. October CPI comes out tonight at 8:30 p.m. — expectations are +0.3% MoM, with core at +0.2% (September was +0.6%/+0.3%). These figures will shape expectations for a December rate hike, which the market is currently pricing in at around 85%. Cooler inflation would give BTC room to breathe; hotter inflation would bring the pressure back.
Data analysis, not investment advice.
$QI $BTC
#Crypto #BinanceSquare #QI #Bitcoin
