#USDT DOMINANCE ANALYSIS
USDT.D is currently forming a rising wedge pattern and appears to be approaching the support trendline. The Ichimoku cloud is acting as a support below the current price action.
A sustained breakdown of the rising wedge and Ichimoku cloud would confirm a bearish trend, whereas a bounce from the support trendline would indicate further consolidation within the wedge pattern. It's important to note that USDT.D tends to move inversely to the crypto market.
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#PEPE/USDT ANALYSIS
PEPE has broken out of the descending channel with significant volume and is currently trading above it. The Ichimoku cloud is now acting as support.
We need to wait for a successful retest. A successful retest above the channel would indicate further bullish momentum for PEPE.
#US DOLLAR ANALYSIS
The US dollar has broken down from a symmetrical triangle pattern with significant volume and is currently trading inside the Ichimoku cloud. We can anticipate a retest of the triangle.
A successful retest could signal the beginning of a bearish trend for the dollar. Interestingly, this development might bode well for the crypto market, as the relationship between the two tends to be inversely proportional.
CME Group futures now represent over 83% of the calendar futures market for Bitcoin and 65% for Ethereum, highlighting CME's growing influence in institutional trading.
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Читать полностью…Bitcoin currently sees around $46.4 billion in on-chain volume daily, comparable to traditional payment processors like Visa and Mastercard. Filtered economical transfer volumes are closer to $6.5 billion per day.
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Читать полностью…#ALTS MARKET CAP ANALYSIS
The ALTS market cap is experiencing a significant rebound from the support trendline of the descending channel, signaling potential bullish momentum. This rebound is currently facing resistance from the Ichimoku cloud, which is acting as a barrier.
However, the 200-day Moving Average is providing strong support, further indicating a bullish trend.
A decisive breakout above both the Ichimoku cloud and the descending channel would likely trigger a robust bullish rally in the ALTS market, suggesting substantial upward movement and positive investor sentiment.
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Читать полностью…#AEVO/USDT ANALYSIS
AEVO has broken out of the descending channel with good volume and is currently trading above the channel. The 21MA is acting as support below the current price action.
We need to wait for a successful retest, as a successful retest would serve as bullish confirmation.
#BTC/USDT ANALYSIS
Bitcoin has perfectly bounced from the support trendline of the ascending triangle. Currently, it is testing the horizontal resistance zone of the triangle. The 200MA is acting as resistance above the current price action, while the Ichimoku cloud is showing bullish momentum.
A solid breakout above the 200MA and the ascending triangle would indicate further bullishness for BTC. On the other hand, the price may be rejected at this level, leading to further consolidation within the pattern.
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Читать полностью…#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within a descending channel pattern and is facing resistance from the Ichimoku cloud, which indicates bearish momentum.
Meanwhile, the 200MA is acting as support, demonstrating bullish strength. We need to wait for a successful breakout above the Ichimoku cloud and the channel's resistance trendline to signal a potential bullish rally.
On the other hand, if Bitcoin breaks below the 200MA and the channel's support trendline, we could see a market correction.
#CTSI/USDT ANALYSIS
CTSI is rebounding from the support trendline of the wedge pattern and is currently consolidating within the pattern.
Both the 21MA and the 50MA are acting as resistance. A solid breakout above both moving averages and the falling wedge pattern would indicate a bullish trend.
Conversely, if CTSI breaks below the support trendline, the pattern will be invalidated.
#BTC/USDT ANALYSIS
Bitcoin is experiencing a robust rebound from its support trendline, yet it faces resistance from the Ichimoku cloud, reflecting current bearish momentum.
To gain a clearer bullish outlook, it is crucial to await a breakout above the Ichimoku cloud and the horizontal supply zone.
This breakout would signal a potential shift in market sentiment and pave the way for Bitcoin to reach new peak levels.
Patience is key as the market tests these critical resistance levels, but a successful breakout could mark the beginning of a significant upward trend.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is consolidating within a bull flag pattern and is presently trading within the Ichimoku cloud. For a bullish continuation, it is crucial to wait for a successful breakout from both the Ichimoku cloud and the bull flag pattern, indicating strong upward momentum.
However, caution is advised as a break below the support trendline of the bull flag would invalidate the pattern, suggesting a potential shift in market sentiment and the possibility of further downside movement.
#FET/USDT ANALYSIS
FET is bouncing from the horizontal demand zone of the descending triangle. The 200MA is acting as support, indicating bullish momentum, while the 50MA is acting as resistance above the triangle's resistance trendline. We need to wait for a successful breakout or breakdown to confirm FET's next move.
Bitcoin spot ETFs had a total net inflow of $423 million on July 16, continuing net inflows for 8 consecutive days. BlackRock ETF IBIT had a single-day inflow of $260 million, and Fidelity ETF FBTC had a single-day inflow of $61.053 million.
Читать полностью…#BTC/USDT ANALYSIS
Bitcoin has broken out of the cup and handle pattern with strong volume. It is currently trading above the pattern's neckline, with the 200-day moving average providing support below the handle, indicating bullish momentum. A successful retest of the breakout point would further confirm the bullish outlook for BTC.
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Читать полностью…In his 2021 financial disclosure while running for Senate, Trump's VP pick, J.D. Vance, reported owning between $100,000-$250,000 worth of #Bitcoin
Читать полностью…#BTC DOMINANCE ANALYSIS
BTC.D is consolidating within a symmetrical triangle chart pattern, with the Ichimoku cloud serving as a resistance above the current price action of the BTC.D. The RSI indicates a neutral stance.
Further movement is anticipated within the triangle until a decisive breakout or breakdown occurs. It's noteworthy that BTC.D typically exhibits an inverse relationship with the Alts market cap.