#TOTAL MARKET CAP ANALYSIS
The total market cap on the 2-day timeframe shows the price facing a rejection in the highlighted red zone. Currently, the price is slightly above the ascending trendline, which has been acting as support. Additionally, the Ichimoku Cloud beneath the trendline indicates some underlying bullish momentum.
However, the market cap has pulled back and is testing this support zone. A successful bounce from this trendline could indicate a potential bullish continuation, targeting a breakout above the resistance zone.
Conversely, a breakdown below this trendline might signal further consolidation or a bearish trend.
#BTC/USDT ANALYSIS
After rejecting the main horizontal resistance of the ascending triangle, the price is currently rebounding from the support trendline of the pattern. The Ichimoku cloud indicates bearish momentum, while the 200 MA is acting as support. We need to wait for a decisive breakout or breakdown before taking further action.
#HIGH/USDT ANALYSIS
Following a successful breakout from the ascending triangle, the price is currently testing the area above the triangle. A successful retest at this level would confirm the continuation of the bullish trend. The Ichimoku Cloud further supports this bullish momentum with its positive indicators.
However, if the price fails to hold above the retest level, it could lead to further consolidation within the pattern, suggesting a period of sideways movement before the next potential breakout.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a rectangular channel and is currently rebounding above the mid-trendline. The 100-day Moving Average is acting as a key support level. A successful breakout from the channel would confirm a bullish trend. However, if the price loses this trendline support, further price movement within the channel can be expected.
#SOL/USDT ANALYSIS
SOL is currently consolidating within a symmetrical triangle pattern after being rejected by the resistance trendline. The 50-day Moving Average is providing support, helping to maintain the current price level. To confirm the next direction, we need to wait for a decisive breakout above the resistance or a breakdown below the support. This will provide a clearer indication of SOL's potential movement.
#BTC/USDT ANALYSIS
Bitcoin is still trading within an ascending triangle pattern, having recently been rejected at the horizontal resistance zone. The 100MA is currently providing support here.
Bitcoin's next decisive move depends on breaking above the resistance zone or below the ascending support trendline. A breakout with high volume suggests an uptrend continuation, while a breakdown with high selling volume signals a bearish reversal.
Monitoring these key levels and volume will be essential for anticipating Bitcoin's next direction.
#BTC/USDT ANALYSIS
Bitcoin is facing rejection at the horizontal resistance zone of the ascending triangle. It continues to trade within the triangle, rebounding from the support trendline. The Ichimoku Cloud indicates bullish momentum at this level, suggesting that the current support is strong.
A successful breakout above the triangle would serve as a bullish confirmation, potentially signaling the continuation of Bitcoin's upward trend. Conversely, a breakdown below the support trendline could lead to a further market correction.
Stay tuned for further updates as we monitor Bitcoin's price action and the potential for a breakout or breakdown.
#COTI/USDT
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#BTC/USDT ANALYSIS
Bitcoin is encountering resistance at the upper boundary of an ascending triangle pattern, suggesting a period of further consolidation within this formation.
Additionally, the Ichimoku Cloud is providing support at this level. A breakout from the triangle would serve as a bullish confirmation.
Stay tuned for further updates as we monitor the price action and look for signs of a potential breakout.
#TOTAL MARKET CAP ANALYSIS
The total market cap has successfully broken out of a descending triangle and has retested above this breakout point. The Ichimoku Cloud also indicates bullish strength.
We anticipate the continuation of this bullish trend, with the next target being the marked all-time high zone. However, minor retracements may occur along the way.
Whilst both inflowing liquidity and appetite for speculation have slowed down over the last 2 months, the reclamation of the $68k level has driven a majority of the Bitcoin Short-Term Holder cohort back into holding an unrealized profit.
This indicates that despite recent sideways choppy price action, the majority of recent buyers now have a cost basis which is more favourable and below the current spot price.
#CELR/USDT BUY SETUP
CELR has broken out of the descending triangle and is currently testing it. A successful test will confirm a bullish move. Get ready for takeoff. 🚀
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Читать полностью…#BURGER/USDT ANALYSIS
BURGER is displaying a clear formation of the cup and handle pattern, a bullish continuation pattern that suggests potential for further upside. Presently, the price is trading within the handle portion of the pattern.
The Ichimoku cloud is also showing bullish momentum, the current price, reinforcing the bullish outlook.
A breakout above the neckline of the cup and handle pattern would serve as a strong bullish confirmation, indicating a likely continuation of the upward trend and further strengthening the bullish sentiment in the burger.
#DOGE/USDT ANALYSIS
DOGE is facing rejection at the resistance trendline of its symmetrical triangle. The Ichimoku Cloud indicates bearish momentum. We need to wait for a decisive breakout or breakdown to confirm #DOGE's next move. A breakout of the triangle would serve as a bullish confirmation, signaling potential upward momentum.
#ALTS MARKET CAP ANALYSIS
The ALTS market cap is currently undergoing a crucial retest above the symmetrical triangle pattern. The 100-day moving average is acting as a robust support level, reinforcing the market's upward momentum. Additionally, the Ichimoku cloud is signaling a bullish trend, further bolstering the positive outlook.
Given these technical indicators, an upward move is anticipated as long as the ALTS market cap maintains its position above the symmetrical triangle. The confluence of the 100-day moving average and the Ichimoku cloud support the likelihood of continued bullish behavior.
However, it is crucial to consider potential bearish scenarios. A sustained breakdown below the Ichimoku cloud would signal a shift in trend, undermining the bullish outlook and potentially leading to a significant decline in market cap.
#BTC DOMINANCE ANALYSIS
BTC.D has recently broken down from a rising wedge pattern on the weekly timeframe, a bearish indicator that suggests potential for further decline. Currently, BTC.D is in the process of retesting the lower boundary of the wedge. If this retest is successful and BTC.D continues to fall, it could signal a significant downward movement.
This scenario typically indicates a shift in market sentiment. Consequently, a downward trend in BTC.D often aligns with a bull run in altcoins, as capital flows into these assets, driving up their prices and leading to a robust performance in the altcoin market.
Market makers are creating a "RED Carpet" for Franklin Templeton Fund to accumulate altcoins at a cheaper rate.
Alts are dumping like anything and now testing new lows
Reversal soon when enough holders panic sell so don’t panic sell your altcoins here
#S&P 500 ANALYSIS
The S&P 500 Index shows a clear upward trend, confined within a rising wedge pattern. Recently, the S&P 500 has approached the upper boundary of this wedge, indicating potential resistance.
The Ichimoku Cloud beneath the price action suggests supportive bullish momentum. However, traders should be cautious as rising wedges often signal a possible reversal or consolidation.
Monitoring for a breakout above the wedge could confirm continued bullish strength, while a rejection might suggest an imminent correction.
#FIL/USDT ANALYSIS
Following a robust period of consolidation within a symmetrical triangle, FIL has broken out with substantial volume and has successfully retested above the triangle.
Additionally, the Ichimoku Cloud is signaling bullish momentum. As a result, we can anticipate potential significant gains in the near future.
#US DOLLAR ANALYSIS
The US dollar is currently testing the ascending triangle support trendline after a successful breakdown. A successful test would indicate strong downward movement.
The 21MA also shows bearish momentum, suggesting a likely downward move. However, if the retest fails, further consolidation within the triangle is expected.
Notably, a downward move in the US dollar typically has an inverse relationship with the crypto market.
#VIB/USDT ANALYSIS
VIB has broken out of the symmetrical triangle with significant volume and is currently showing strong bullish momentum. The 200MA is also acting as support. A breakout of the horizontal resistance zone would further enhance the bullish outlook for VIB.
#MBL/USDT BUY SETUP✍️
MBL is trading above a strong horizontal demand zone.
Get ready for a bullish ride. 🚀
#QNT/USDT BUY SETUP✍🏻
QNT is trading within a strong horizontal demand zone and looks primed for a bullish ride soon.
R:R looks very good here 😉
#BTC/USDT ANALYSIS
Bitcoin has perfectly bounced from the support trendline of the ascending triangle and is currently facing the triangle's resistance. Both the 21MA and 50MA are acting as support levels.
A breakout from the triangle could trigger another bullish rally in the market. Additionally, we can expect further consolidation within the triangle.
#ALTS MARKET CAP ANALYSIS
The altcoin market cap has recently broken out of a symmetrical triangle pattern with significant volume, signaling a strong bullish move. Currently, it is trading within a bull flag pattern, which typically indicates a continuation of the upward trend.
The 100-day moving average is also showing bullish momentum, reinforcing the positive outlook.
A breakout above the bull flag pattern would serve as a bullish confirmation, suggesting the potential for substantial gains in the altcoin market.
U.S. spot Bitcoin ETFs saw today +$887.1m net inflows, the largest net inflow day since March 12th and the second highest net inflow day since inception
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