The Crypto Express

08 Aug 2024 12:00

On Monday 5-Aug, equities and digital assets sold off sharply, as the unwinding of the yen-carry trade deleveraged markets, and US treasuries rallied on fears of a recession.

Bitcoin recorded a drawdown of -32% from the ATH, the most severe of the current cycle.

The Crypto Express

08 Aug 2024 07:29

#BTC/USDT ANALYSIS

Bitcoin has broken down from the descending triangle pattern with significant volume and is currently testing below the triangle.

A successful retest would indicate a continuation of the bearish trend, supported by the bearish momentum shown by the 100MA and Ichimoku Cloud.

However, if the retest fails and the price breaks above the triangle, we can expect further movement within the triangle.

The Crypto Express

07 Aug 2024 17:06

Binance Labs invests in Solana restaking protocol Solayer 👈

The Crypto Express

07 Aug 2024 14:00

#WIF/USDT ANALYSIS

WIF is currently consolidating within a descending channel and rebounding from the support trendline. The Ichimoku cloud is acting as a resistance barrier above the current price action. A strong breakout from both the channel and the Ichimoku cloud would indicate a bullish trend.

The Crypto Express

07 Aug 2024 06:41

#BTC/USDT ANALYSIS

Bitcoin is currently trading within a rising wedge pattern. It is rebounding from the support trendline of the wedge, with the Ichimoku cloud providing support and indicating bullish momentum.

However, the 100MA moving average is acting as a resistance barrier above the current price action. We should wait for a decisive breakout or breakdown to confirm the next move.

The Crypto Express

06 Aug 2024 22:25

JUST IN: BlackRock spot #Bitcoin ETF IBIT did $1.23 BILLION in trading volume today.

The Crypto Express

06 Aug 2024 19:14

Breaking: Tim Walz named as Kamala Harris's running mate for US election

The Crypto Express

06 Aug 2024 11:33

Binance has challenged a nearly $86 million tax penalty notice issued by India’s tax department DGGI for fees collected from Indian customers between July 2017 and March 2024. DGGI is an agency responsible for indirect tax evasion intelligence and is part of the Indian Ministry of Finance.

The Crypto Express

05 Aug 2024 20:30

#US DOLLAR ANALYSIS

The US dollar has recently broken down from a symmetrical triangle pattern and successfully retested it. Currently, it is moving downward, and the Ichimoku cloud is also showing bearish momentum. We can expect further downward movement.

It's crucial to consider the inverse relationship between the US dollar and the cryptocurrency market. As the US dollar weakens, cryptocurrencies often experience upward movement, indicating potential gains for digital assets in the near future.

The Crypto Express

05 Aug 2024 11:50

#MATIC/USDT ANALYSIS

MATIC is consolidating within a descending triangle and is currently trading within a horizontal demand zone. We can expect a potential bounce from this demand zone.

However, the Ichimoku cloud is acting as a resistance, indicating that caution is needed. It's essential to wait for a clear breakout or breakdown to determine the next move.

The Crypto Express

05 Aug 2024 06:51

#BTC/USDT ANALYSIS

Bitcoin is experiencing a rebound from the support trendline and horizontal demand zone following a strong rejection at the resistance trendline of the descending broadening wedge pattern. This price movement suggests that Bitcoin is finding stability above the crucial demand zone and the pattern's support trendline.

The 200-day moving average is currently providing robust support just below this demand zone, bolstering the bullish sentiment. However, the 100-day MA is posing as a resistance level, which could challenge the upward momentum.

Despite this resistance, the overall technical indicators and market conditions suggest the potential for a strong bullish rally in the crypto market, as investors and traders remain optimistic about Bitcoin's capacity to break through these barriers and sustain an upward trajectory.

The Crypto Express

04 Aug 2024 20:44

#TOTAL MARKET CAP ANALYSIS

The total cryptocurrency market cap is experiencing a downward movement following the breakdown of a rising wedge pattern. The Ichimoku cloud is acting as resistance above the price action.

Currently, the market cap is trading above a horizontal demand zone, where we can expect a potential bounce. However, if it breaks down below this demand zone, further correction in the market is likely.

The Crypto Express

04 Aug 2024 13:49

#DYDX/USDT ANALYSIS

DYDX is currently trading within a major horizontal demand zone after a strong rejection from the resistance trendline. The 21-day moving average is acting as resistance.

We can expect a potential bounce from this key demand level. However, if DYDX breaks down below the horizontal demand zone, we could see it reach new lows.

The Crypto Express

03 Aug 2024 16:46

Daily active addresses on Ethereum and leading L2s have increased by 127% this year. This metric measures the number of distinct addresses interacting with the chain, indicating user base growth.

The Crypto Express

03 Aug 2024 12:35

#XRP/USDT ANALYSIS

XRP is currently consolidating within a symmetrical triangle pattern. It is facing rejection from the trendline of the triangle, with the Ichimoku cloud also acting as a barrier.

We should wait for a decisive breakout or breakdown to confirm XRP's next move.

The Crypto Express

08 Aug 2024 07:53

Binance Will List Toncoin (TON) with Seed Tag Applied
https://www.binance.com/en/support/announcement/abba626aa0974b828f91c166bdc12afd

The Crypto Express

07 Aug 2024 20:36

#S&P 500 ANALYSIS

The S&P 500 recently faced rejection at the resistance trendline of the rising wedge pattern. Currently, the 21-day moving average is acting as a resistance level, while the 50MA provides support below the current price action.

The Ichimoku cloud indicates bullish momentum, suggesting potential upward movement.

However, we should wait for further price development and confirmation before making any decisions. Monitoring these key levels will be crucial for understanding the S&P 500's next move.

The Crypto Express

07 Aug 2024 16:33

On August 5th, 5,222.45 ETH was burned—the highest since March 14, the day after the Dencun upgrade

The Crypto Express

07 Aug 2024 12:07

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The Crypto Express

06 Aug 2024 22:29

BlackRock files for options on spot Ethereum ETFs

The Crypto Express

06 Aug 2024 20:28

#USDT DOMINANCE ANALYSIS

USDT.D is trading within a symmetrical triangle on the weekly timeframe. It is currently facing rejection from both the Ichimoku cloud and the triangle's resistance trendline. The Ichimoku cloud acts as a resistance barrier above the price action, indicating bearish momentum.

A breakdown of the pattern would signal a bearish trend. It's important to note that USDT.D typically moves inversely to the broader crypto market.

The Crypto Express

06 Aug 2024 13:42

#NOT/USDT ANALYSIS

NOT is currently rebounding from the horizontal demand zone within a descending triangle pattern.

The Ichimoku cloud is serving as a resistance above the descending trendline. We should wait for a decisive breakout or breakdown to confirm NOT's next move.

The Crypto Express

06 Aug 2024 06:38

#BTC/USDT ANALYSIS

Bitcoin remains within a descending broadening wedge pattern after sweeping liquidity below it. Currently, it is rebounding off the support trendline.

The 200 MA and the Ichimoku Cloud are both serving as resistance above the current price action. A solid breakout from the pattern is anticipated soon, which could lead Bitcoin to reach a new high.

The Crypto Express

05 Aug 2024 12:04

Binance Spot and Margin to Postpone Trading System Upgrade (2024-08-06)
https://www.binance.com/en/support/announcement/e6ba732915584ef494a735d66f1eacd5

The Crypto Express

05 Aug 2024 09:03

JUST IN: Robinhood halts 24 hour trading.

The Crypto Express

05 Aug 2024 06:09

In the past 24 hours , 2,13,305 traders were liquidated , the total liquidations comes in at $827.23 million

The Crypto Express

04 Aug 2024 16:41

#Bitcoin miner hashrate is rebounding, reaching 604 EH/s, a 6% increase since July 9.

$BTC hashrate is now less than 2% from all-time highs.

The Crypto Express

04 Aug 2024 08:27

#BTC/USDT ANALYSIS

Following the breakdown of the rising wedge pattern, the price has experienced a downward movement and is currently trading below the Ichimoku Cloud, indicating a potential for further decline.

The presence of a CME gap between the 60,845 and 58,790 levels suggests that the market may seek to fill these gaps before establishing a new direction.

Historically, once such gaps are filled, the market often experiences a reversal, which in this case could lead to a strong bullish rally.

The Crypto Express

03 Aug 2024 15:08

#QNT/USDT ANALYSIS

QNT is rebounding from the support trendline of a descending channel and is currently trading in the middle of the channel.

The 50-day moving average is acting as resistance above the channel. A decisive breakout from the channel would indicate a potential bullish trend.

The Crypto Express

03 Aug 2024 11:05

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