Crypto Market Insights July 2022 — Technical Levels and Option Flow

*Information contained within this newsletter is purely our opinion and should not be considered by readers to constitute any form of financial or investment advice. We encourage readers to conduct their own research into any financial product that they are interested in and Greythorn will not incur any liability for potential losses.
  • BTC is down 73% from all-time highs.
  • BTC is ranging between $18,750 and $21,900.
  • Volatility increased from 70% to 90%.
  • Combining technical levels with our option flow model, we are expecting Bitcoin’s price to range between $17,600 and $21,500 over the next week.
  • Supports: $18,750 and $17,600.
  • Resistances: $19,700 and $21,900.
Figure 1: Bitcoin Volatility Index (BVIN). Source: Glassnode -Greythorn Research Team.
Figure 2: BTCUSDT 4H Price (Binance). Source: TradingView — Greythorn Research Team.
  • The first support level is at around $18,750, followed by the second support level, which was a recent low, at approximately $17,600.
  • The first resistance level is around $19,700, followed by a second resistance level at approximately $21,900, which Greythorn’s Option Flow Model also indicates.
Figure 3: Greythorn Option Flow Model 040722. Source: Proprietary -Greythorn Research Team. Data: Laevitas.

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Melbourne-based asset management firm, focused primarily on Tech | Web3 | Crypto | Blockchain | DYOR/NFA. Subscribe to hear our latest industry insights.

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Greythorn Asset Management

Melbourne-based asset management firm, focused primarily on Tech | Web3 | Crypto | Blockchain | DYOR/NFA. Subscribe to hear our latest industry insights.