The Crypto Express

04 Jul 2024 15:12

#BTC/USDT ANALYSIS

After the rejection from the descending triangle resistance trendline, Bitcoin is currently attempting to break its horizontal demand zone within the triangle.

The Ichimoku Cloud is also acting as resistance above the triangle. We need to wait for a successful breakout or breakdown to determine the next move.

The Crypto Express

04 Jul 2024 14:20

#AKRO/USDT ANALYSIS

AKRO is currently consolidating within a symmetrical triangle pattern and is rebounding from the support trendline of the triangle. The Ichimoku Cloud is positioned above the triangle and is acting as a significant resistance level.

A breakout above the triangle, combined with a move through the Ichimoku Cloud, would serve as a bullish confirmation, potentially signaling a strong upward trend.

Conversely, if AKRO breaks down through the support trendline of the triangle, it could indicate a bearish scenario and result in further downward movement.

The price action within this symmetrical triangle is crucial, as it will determine the next significant direction for AKRO.

The Crypto Express

03 Jul 2024 21:58

$192.45 million liquidated in last 24H hours 🩸

The Crypto Express

03 Jul 2024 19:30

NEW: #Bitcoin percentage of supply last active more than three years ago reaches 46.5%, +8.14% YTD.

The Crypto Express

03 Jul 2024 07:53

#BTC/USDT ANALYSIS

Bitcoin is currently consolidating within a descending triangle pattern, indicating a period of indecision in the market. Presently it is trading above the triangle's horizontal demand zone, with the 200-day moving average acting as a critical support level, suggesting sustained momentum.

However, the Ichimoku cloud is positioned above the price action, providing a significant resistance barrier.

Traders should watch for a decisive breakout above the resistance or a breakdown below the support to confirm Bitcoin's next directional move. Until such a confirmation occurs, the market is likely to remain in a state of flux.

The Crypto Express

02 Jul 2024 17:48

#CHR

Pumped 16% after tweet alert✌️

We share all the important tweet news before anyone else, turn on our post notification and Pin our channel on top📍

The Crypto Express

02 Jul 2024 13:16

#BONK/USDT ANALYSIS

BONK is currently experiencing a rebound from the support trendline of an ascending triangle pattern. However, the 21MA is acting as a resistance level above the price action. For a bullish confirmation, BONK needs to break out of both the ascending triangle and the 21MA.

Conversely, if BONK fails to maintain its position within the triangle and breaks down from it, this could signal a potential downward movement in its price. This pivotal moment will determine the next directional move for BONK.

The Crypto Express

02 Jul 2024 12:05

German government sends another $17.6 million in bitcoin to Coinbase, Bitstamp and Kraken

The Crypto Express

01 Jul 2024 22:14

BREAKING: The SEC filed a lawsuit against Silvergate Bank

The Crypto Express

01 Jul 2024 13:01

#BETA/USDT ANALYSIS

BETA is experiencing a sharp rebound from the support trendline of its descending channel, with the 100-day moving average providing additional support beneath the price action. For a strong bullish confirmation, we need to wait for a successful breakout above the channel.

A breakout would signal a potential shift in momentum, indicating the possibility of a sustained upward movement in the price.

The Crypto Express

01 Jul 2024 11:52

German government moves additional $94 million worth of bitcoin to exchanges

The Crypto Express

01 Jul 2024 08:14

JUST IN: 🇯🇵 Japanese public company Metaplanet buys another ¥200 million worth of #Bitcoin 

The Crypto Express

30 Jun 2024 19:08

#US DOLLAR ANALYSIS

The US dollar is currently being rejected by the resistance trendline of a symmetrical triangle pattern, while the 21MA below the triangle is acting as support.

We need to wait for a successful breakout or breakdown to confirm the US dollar's next move. It's also important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market.

The Crypto Express

30 Jun 2024 08:20

#BTC/USDT ANALYSIS

Bitcoin is consolidating within a symmetrical triangle, indicating market indecision and a potentially significant move. The direction remains uncertain, with the Ichimoku cloud acting as a resistance zone above.

For traders and investors, it's crucial to monitor this pattern closely and wait for a decisive breakout or breakdown.

A successful breakout above the resistance could signal a bullish continuation, while a breakdown below the support might indicate a bearish trend.

The Crypto Express

29 Jun 2024 15:06

#REI/USDT ANALYSIS

REI is currently rebounding from the support trendline of its descending channel. However, the Ichimoku cloud is providing resistance just above the price action.

A breakout above both the channel and the Ichimoku cloud would signal bullish confirmation.

Conversely, a failure to break through could result in a decline from this level.

The Crypto Express

04 Jul 2024 14:51

Moving towards technical indicators, we can use the widely used Mayer Multiple metric, which assesses the ratio between #Bitcoin price and its 200DMA.

The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.

The 200DMA currently resides at a value of $58k, once again providing confluence with on–chain price models.

The Crypto Express

04 Jul 2024 06:15

Binance Will Support the BNB Beacon Chain (BEP2) Network Upgrade & Hard Fork
https://www.binance.com/en/support/announcement/83c9e689e6aa4ba29c0e136cb70c0a02

The Crypto Express

03 Jul 2024 20:41

#BTC DOMINANCE ANALYSIS

BTC.D is currently trading above the 21-day moving average, which is providing key support following the breakdown of a rising wedge pattern and a successful retest.

However, a breakdown below the 21-day moving average would likely signal a shift in market dynamics, providing bullish confirmation for the altcoin market.

Such a move would indicate that capital is flowing from Bitcoin to altcoins, potentially leading to increased strength and performance across various alternative cryptocurrencies.

The Crypto Express

03 Jul 2024 14:22

#TRX/USDT ANALYSIS

TRX is experiencing a robust upward movement following its breakout from the symmetrical triangle pattern. It has successfully surpassed the horizontal resistance zone, signaling a potential continuation of its bullish trend.

The Ichimoku Cloud, along with the 200-day Moving Average (200MA), are both reinforcing this bullish momentum, indicating strong market support.

A successful retest above the resistance zone would further solidify this bullish outlook, providing additional confirmation of TRX's upward trajectory.

The Crypto Express

02 Jul 2024 20:01

#S&P 500 ANALYSIS

The S&P 500 Index is exhibiting strong bullish momentum as it trades above the rising wedge pattern following its recent breakout. Currently, the 21-day moving average is acting as a supportive cushion below the wedge's resistance trendline, reinforcing the index's upward trajectory.

Anticipation of a retest above the wedge is high, a successful test at this level would further confirm the bullish trend and strengthen market sentiment. This convergence of technical indicators suggests robust investor confidence and hints at the potential for continued gains in the near term.

The Crypto Express

02 Jul 2024 16:38

Robinhood said to be considering listing crypto futures in the US and Europe

The Crypto Express

02 Jul 2024 12:52

Yesterday, US spot Bitcoin ETFs report $130 million in net inflows, largest influx in three weeks

The Crypto Express

02 Jul 2024 07:41

#BTC/USDT ANALYSIS

Bitcoin is exhibiting a promising consolidation within a bull flag pattern, with prices rebounding from the support trendline.

The Ichimoku cloud further reinforces this bullish sentiment by providing additional support, indicating sustained upward momentum.

A breakout above the bull flag pattern would serve as a robust confirmation of continued bullishness, potentially signaling a strong upward move.

However, if Bitcoin falls below the support trendline of the flag, this would invalidate the pattern, suggesting a potential shift in market sentiment and a possible downturn.

The Crypto Express

01 Jul 2024 20:30

#USDT DOMINANCE ANALYSIS

USDT.D is encountering resistance at the horizontal boundary of its ascending triangle pattern, with the 21-day moving average providing support. If the 21MA support is breached, it could signal a downward movement in USDT.D. We can see a bullish rally in the crypto market.

It's important to remember that USDT.D's movements are inversely correlated with the broader cryptocurrency market, making this a crucial moment for traders and investors to monitor.

The Crypto Express

01 Jul 2024 12:13

$GFT 2.0 is coming 👈

The Crypto Express

01 Jul 2024 09:50

Binance Will Extend the Monitoring Tag to Include BAL, CTXC, CVP, CVX, DOCK, HARD, IRIS, MBL, POLS, SNT & SUN and Remove the Monitoring Tag for MLN & ZEN on 2024-07-01
https://www.binance.com/en/support/announcement/782b121c462b499487dc8f20e0edc6b2

The Crypto Express

01 Jul 2024 07:57

#BTC/USDT ANALYSIS

Bitcoin has recently broken out of the descending broadening wedge pattern with significant volume, signaling a potential shift in market sentiment towards a bullish trend.

The 50-day moving average (50MA) is currently acting as a strong support level, further indicating bullish momentum.

However, for this upward movement to be confirmed, we need to wait for a successful retest of the breakout level. A successful retest, where the price revisits and holds above the breakout level or the 50MA support, would provide the necessary confirmation that the new support level is solid and that the bullish momentum is likely to continue.

The Crypto Express

30 Jun 2024 13:24

#ETH/USDT ANALYSIS

ETH is currently experiencing a consolidation phase within a descending channel. The price is trading below the resistance trendline of this channel, indicating that the downward pressure is still in play. A significant resistance level is also being reinforced by the 100MA, which is adding to the selling pressure and making it difficult for ETH to break higher.

A successful breakout above the descending channel's resistance trendline, accompanied by a clear move above the 100MA, would suggest a potential reversal and an upward trend. Such a breakout would need to be confirmed by strong trading volume and sustained price action above these resistance levels.

On the other hand, if ETH fails to break above these resistance levels and instead breaks down below the lower trendline of the descending channel, it would signal a continuation of the bearish trend. This breakdown would likely lead to further downside.

The Crypto Express

29 Jun 2024 20:47

#TOTAL MARKET CAP ANALYSIS

The total market cap has recently broken down from a symmetrical triangle pattern and is currently consolidating below this formation. This suggests a potential shift in market sentiment. Notably, the 200MA is providing crucial support beneath the current price action.

If the total market capitalization breaks below the 200MA, it could signal a more pronounced market correction, leading to a further decline in market values. Such a breach would indicate weakening momentum and could prompt additional selling pressure.

Conversely, if the market cap fails to retest, and breakout the triangle, it may continue to consolidate within this pattern. This would suggest a period of indecision, where the market is neither gaining significant upward momentum nor experiencing substantial declines. The market may continue to move sideways, potentially gaining strength for the next significant move.

The Crypto Express

29 Jun 2024 08:45

#BTC/USDT ANALYSIS

Bitcoin is currently trading within a descending triangle pattern, which often signals a potential breakout or breakdown. The price is positioned above a significant horizontal demand zone, indicating that there is buying interest at this level.

The 200-day moving average is providing strong support, suggesting that there is a substantial amount of momentum below the triangle.

On the other hand, the Ichimoku cloud acts as a resistance, creating a barrier for upward movement. To determine the next significant move, it is crucial to wait for a clear and confirmed breakout above the resistance or a breakdown below the support. This will provide a more definitive direction for Bitcoin's future price action.