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$ETH downside liquidity has been almost taken out.

For now, the max pain is slightly towards the upside.

But there's very little buying momentum for Ethereum now.

Maybe MMs could trigger a squeeze like they have been doing this month.

$XLM Eliot wave analysis

The $XLM chart may be approaching the end of a correction that began in 2018. At the moment, there are two primary scenarios that we are tracking.

In the first scenario, the entire move since the 2018 high can be interpreted as a triangle, labeled A B C D E. In this case, the E-wave may currently be unfolding. This E-wave is developing as an A B C structure, with an ideal target zone between 16.3 cents and 7.9 cents. From this region, a fifth wave to the upside could eventually begin. However, this corrective structure can still extend into next year without any issue.

The alternative interpretation is the yellow scenario, in which wave 4 already completed in 2020. In this case, XLM would be unfolding an A B C structure to the upside, with the yellow C-wave developing as a diagonal pattern. At the moment, price would be in the B-wave pullback of the third wave to the upside.

From a microstructure perspective, both scenarios look very similar. The support zone is identical in both cases, and the lower boundary of the triangle can provide additional support. How price reacts in this shared support region will determine which scenario ultimately takes the lead.

Yuck, the higher low was erased on $STBL as the entire market has corrected.

Still not too bad, but the trend remains down and the crucial indicator to break through is the 20-MA.

If that breaks, I'm sure we'll start to have a lot of upwards momentum on this chart, having the first target at $0.10 and the second one at $0.20.

BlackRock has transferred $140,220,000 in $ETH to Coinbase today.

More selling?

2 whales sold $41,020,000 in $ETH today.

ETFs are already selling, and now whales have also started to dump Ethereum.

$BTC consolidates here, and is undecided.

Trend remains to be down, and in order to adjust the trend, a breakout above $88K is required.

Could be happening in the coming days, again, big macroeconomic week.

If not, then I think that $83K liquidity sweep and the $80K double bottom test are the next stops.

$ETH ETF outflow of $224,800,000 🔴 yesterday.

BlackRock sold $139,100,000 in Ethereum.

$BTC Eliot wave update
The price is now in the micro support region for wave B of iv. The structure would still look best with one more extension higher, but a break below $83,180 would start to indicate that wave v to the downside is already unfolding.

There we go.

Bounce back upwards, clear rejection at $90K and the support couldn't hold as everything corrects; Gold, Nasdaq and $BTC .

New low made, and therefore, a few important things to look at:

- Break back above $88K would be a strong signal and the end of the correction.

- With this breakdown, I'm looking at levels at <$83.8K and most likely <$80.5K.

Especially this latter scenario makes sense in a week of Unemployment Data, CPI and the Bank of Japan.

Given the fact that the Bank of Japan is likely doing a rate hike, the impact has been negative after the rate hike in the past, and therfore likely that it's before the rate hike this time.

$BTC Global Liquidity has been on the rise again.

Bitcoin has stalled in its downturn but is yet to properly follow this new impulse up in liquidity.

When zooming out, Bitcoin tends to follow this metric quite well. What I assume is causing the big deviation and underperformance here, is that there's still a lot of 4 year cycle selling paired with tax loss harvesting into the end of the year.

Q1 next year is when I think Bitcoin has its first fair chance to show whether it can actually break the old 4 year cycle or not. But until then, we'll have to weather the storm and get through this upcoming period of low liquidity and volume.

$FET Eliot wave update
It is possible that wave (4) is complete, but we need to see a decisive break below $0.224 to confirm this.

Machi Big Brother got liquidated again today.

He still has a $4,087,344 $ETH long position with liquidation at $2,976.

So far, he has lost $67,300,000 in just 12 weeks.

$SUI Has been rejecting from the 4H 200MA and has just taken the local range lows.

I am looking closely for a deviation back above the local lows into a bounce. That would make for a nice liquidity grab.

If it can break above the 4H 200MA, we can target the 4H 200EMA and $1.8 level next.

This has been one of the stronger majors recently so It's on my watchlist for potential setups to trade.

$0G Broke down from the high timeframe support but isn't really pushing any lower.

These are the kind of setups that can get interesting upon a retake of the high timeframe level.

In that case these consolidations, without push lower, can turn into a solid deviation and squeeze higher.

Good one to keep an eye on I think.

$121,710,000 in long positions has been liquidated in just 30 minutes.

Bulls got trapped again.

Michael Saylor's 'Strategy' buys 10,645 $BTC worth $980,000,000.

$SEI has made strong partnerships over the last few weeks and is ready for the next phase.

Price isn't following through yet.

That's just how the markets behave, and that's where mispricing and opportunities arise.

These lower valuations for most assets will not last for long.

$DOT analysis:

The price is forming a triple bottom pattern, which suggests we may see a reversal soon. It's a good time to accumulate some DOT for the mid-term. A breakout from this falling wedge pattern could lead to a significant upward rally. The resistance level to watch is $2.40.

A whale has received $120,000,000 in $ETH from Binance today

Big Week Ahead For Crypto Holders 🚨

▫️ 16th December: Unemployment data and non-farm payrolls data will be released.

▫️ 18th December: CPI and Core CPI data will be released.

▫️ 19th December: Stock triple witching expiration, BOJ interest rate decision.

This week, both inflation and unemployment data will be released.

Inflation cooling down and a high unemployment rate means rate cut odds will go up.

Any other scenario could eliminate the chances of a January rate cut.

Also, BOJ interest rate decision will be important as a rate hike has a 3/3 hit rate on a market crash.