#US DOLLAR ANALYSIS
The US dollar is consolidating within a descending triangle pattern, currently rebounding from the horizontal demand zone. The Ichimoku Cloud is acting as a resistance barrier above the price action.
A decisive breakout or breakdown from the triangle will determine the next major move. It's also key to note that the US dollar typically has an inverse relationship with the cryptocurrency market, making this move crucial for broader market dynamics.
#GMX/USDT ANALYSIS
GMX is consolidating within a falling wedge pattern and is currently facing rejection from the resistance trendline. A breakout above the wedge would confirm a bullish trend, while a breakdown below the support trendline would invalidate the pattern, signaling potential further downside.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a symmetrical triangle pattern and is currently rebounding from the Ichimoku Cloud, which is acting as a key support level.
A strong breakout from the pattern could signal the start of a bullish trend. However, until a breakout occurs, further price movement within the pattern is likely.
#BNB/USDT ANALYSIS
BNB is currently consolidating within an ascending triangle pattern and has recently rebounded off the support trendline. The Ichimoku cloud indicates bullish momentum, suggesting potential upward movement. To determine the next direction for BNB, we should wait for a clear breakout or breakdown from this pattern.
Notice on the Withdrawals of Delisted Tokens & Conversion of Selected Tokens to USDC (2024-10-08)
https://www.binance.com/en/support/announcement/1657c0d30d5449908e8e20d9efa893a2
#ALTS MARKET CAP ANALYSIS
The ALTS market cap has successfully broken out of the falling wedge pattern with strong volume and has retested the breakout, gaining upward momentum.
However, the Ichimoku Cloud is currently acting as a resistance barrier. A decisive breakout above the cloud would confirm a bullish trend for the ALTS coin market, signaling potential for further gains.
#FIDA is ready to explode! 🚀
It’s on very strong weekly support in #BTC pair
We’ve seen 20-30% jump from this range ✍🏻
Don’t sleep on it! 🔥
#DYDX/USDT BUY SETUP
DYDX is primed for a strong move, bouncing off the support trendline of the broadening wedge. A sharp upward rally is on the horizon get ready for the pump! 🚀
#BTC DOMINANCE ANALYSIS
BTC.D is currently trading within a rising wedge on the weekly timeframe, a pattern typically considered bearish. The Ichimoku Cloud is providing support beneath the wedge.
This suggests a potential decline in BTC.D in the near future. A sustained breakdown of the wedge would offer strong bearish confirmation. If BTC.D trends downward while Bitcoin remains sideways or bullish, it could signal the start of a bull run in altcoins.
#CVC/USDT ANALYSIS
CVC is making a strong rebound from the horizontal demand zone, and it’s now approaching the resistance trendline of the descending triangle.
Both the 50MA and 100MA are signaling bullish momentum, setting the stage for a potential breakout. A clear break above the pattern could ignite a powerful bullish rally. Stay alert for the move.
#S&P 500 ANALYSIS
The S&P 500 has successfully broken out of its ascending triangle pattern, completed a successful retest, and is now trading above the breakout level.
The Ichimoku Cloud is providing strong support, signaling continued bullish momentum. Given the S&P 500's correlation with trends in the crypto market, this movement should be closely monitored for potential signals impacting broader market trends.
#WLD/USDT ANALYSIS
WLD has successfully broken out of the descending channel and completed a successful retest. It is now breaking above the 50MA, which is acting as a strong support level and demonstrating increasing momentum. This setup suggests that WLD is primed for further gains in the near future.
#USDT DOMINANCE ANALYSIS
USDT Dominance is rebounding from the support trendline of its ascending triangle pattern, with the Ichimoku Cloud providing strong bullish support. However, the 200MA is acting as a resistance within the triangle's horizontal supply zone.
A clear breakout or breakdown is needed to confirm the next move for USDT Dominance. Notably, USDT Dominance usually moves inversely to the broader crypto market, making this a critical point to watch.
Largest outflow of #Bitcoin from exchanges since November 2022
“On-chain data shows an increase in Bitcoin outflows from exchanges - all three 30-, 50-, and 100-day moving averages show this.”
#US DOLLAR ANALYSIS
The US dollar is currently consolidating within a descending triangle pattern and is rebounding from the horizontal demand zone, where the 200-day moving average is providing support and indicating positive momentum.
Meanwhile, the Ichimoku Cloud is acting as a resistance barrier above the price action. To confirm the next move for the US dollar, we need to wait for a decisive breakout or breakdown of the pattern.
Additionally, it's important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market.
The dominance of the "new whales" in terms of #Bitcoin realized cap is at an ATH.
Old whales (4M BTC) are now passing the baton to new whales (1.7M BTC) in an unprecedented shift in the Bitcoin market.
#WIF/USDT
Hit 2.808 | +17% So Far🚀✌️
Stay tuned to the channel and pin it to ensure you never miss out on any crucial updates. Also share our channel with your friends and family. Let's soar to new heights together! Keep Earning🙌
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is currently consolidating within a descending broadening wedge pattern, a formation that often signals potential reversals in trend. This pattern suggests increasing volatility as price movements widen, and it typically precedes a significant directional shift.
Currently, the Ichimoku Cloud is providing crucial support, as the market cap tests this level, indicating that buyers are stepping in to hold prices above this support zone. If the market manages to break out decisively from the wedge, it could catalyze a robust bullish rally across the entire crypto market, attracting renewed interest from investors and traders alike.
Monitoring these key technical indicators will be essential to identify potential entry points and assess market sentiment in the coming days.
#LDO/USDT BUY SETUP
LDO has broken out of its descending channel with strong volume and successfully completed a retest above the channel. It now appears poised for a significant upward move, signaling a potential bullish rally ahead.🚀
#BTC/USDT ANALYSIS
Bitcoin is consolidating within an ascending triangle pattern, currently trading near the horizontal supply zone. The Ichimoku Cloud is acting as strong support, reinforcing bullish momentum.
A breakout from this pattern could signal the start of a bullish trend, but there’s also potential for a price drop from this level. Keep a close watch on these key levels for the next move.
Buying #FIDA now🚀
Accumulation is in full swing, and the pump is inevitable.
This one's set to explode🫡
#FIDA/USDT here is gearing up for the big jump from horizontal support 🚀
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Buy on Binance: https://www.binance.com/en/trade/FIDA_USDT
Short term targets: 10%-30%-50%
#BTC/USDT ANALYSIS
Bitcoin is gaining bullish momentum, with the Ichimoku Cloud providing solid support as it pushes upwards. Currently, it is attempting to break through the 100MA, which has been acting as a key resistance barrier.
A successful breach of this level would be significant, particularly as Bitcoin is also approaching the upper boundary of a descending broadening wedge pattern.
A solid breakout from this pattern would offer strong confirmation of a bullish trend, potentially signaling further upward movement. Monitoring price action around these levels is crucial for confirming the next major move.
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More demand, lesser supply 🔥
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a descending broadening wedge pattern. It is currently trading above the Ichimoku Cloud, which is providing strong support, while the 100MA serves as a resistance barrier just above the price.
A breakout above the 100MA and the wedge pattern could signal a bullish trend. However, if Bitcoin breaks below the Ichimoku Cloud support, it may lead to further downward movement within the pattern.
#DIA/USDT ANALYSIS
DIA has broken out of the cup and handle pattern with significant volume and is now trading above the breakout level. The Ichimoku Cloud is indicating strong bullish momentum. A successful retest of the pattern would confirm the bullish trend and signal further upward movement.
#BTC/USDT ANALYSIS
Bitcoin is currently trading above the Ichimoku Cloud following a breakout from a symmetrical triangle, with the cloud now serving as strong support. Currently, the price is rebounding from this support level of the cloud, and the 200MA is acting as a key resistance barrier. A breakout above the 200MA would provide additional bullish confirmation. Keep a close watch on this critical level.
#CHZ/USDT ANALYSIS
CHZ is currently consolidating within a descending channel and rebounding off its support trendline. The Ichimoku Cloud is serving as a strong resistance barrier below the resistance trendline of the channel.
A breakout above both the Ichimoku Cloud and the channel's resistance would signal a potential bullish trend, paving the way for further upward momentum.
#BTC/USDT ANALYSIS
Bitcoin is trading above the Ichimoku Cloud after the breakout from the symmetrical triangle, with the cloud now acting as a key support.
The 100MA, however, is posing resistance above the current price action. This setup suggests a critical decision point for Bitcoin.
If the price bounces off the support provided by the Ichimoku Cloud, we could see a push toward the 100MA, potentially leading to a bullish continuation if it breaks through this resistance.
Conversely, if Bitcoin loses support at the Ichimoku Cloud, it may trigger a retest of the previously broken symmetrical triangle.
When we assess the price performance of Bitcoin from the cycle low, a remarkable similarity in performance emerges despite wildly differing market conditions. The reason for Bitcoin following such a similar path is a regular topic of debate, but it continues to provide an interesting framework for analysts to think about cycle structure and duration.
Both the 2015-16 🔵, and 2019-20 🟢 periods have traded in an oddly similar manner to the recovery seen in 2023-24 ⚫.