#BTC/USDT ANALYSIS
BTC is retesting above the ascending triangle on the weekly timeframe. The Ichimoku cloud is indicating a bullish trend. A continuation of the bullish move is expected for as long as it trades above the ascending triangle.
We can employ the fundamental Realized Cap metric to track the cumulative USD liquidity ‘stored’ within the Bitcoin asset class.
Currently, the Realized Cap resides at a new ATH value of $540B, and is increasing at an unprecedented rate of over $79B/month.
#USDT DOMINANCE ANALYSIS
USDT.D is currently tracing a pattern within a symmetrical triangle. It has breached the MA 100, and the Ichimoku cloud indicates a bearish trend. Additionally, the MACD crossover signals bearish momentum.
Confirmation of a bearish trend would occur with a sustained breakdown of the triangle. Notably, a downward movement in USDT.D would serve as a bullish indicator for the crypto market, given its inverse correlation.
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#ETH/USDT ANALYSIS
ETH breakout the symmetrical triangle followed by a bullish rally. It also breakout the Ichimoku cloud. MACD crossover is gaining bullish momentum. A continuation of the bullish move is expected.
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#BTC/USDT ANALYSIS
BTC is attempting to breakout the symmetrical triangle. The Ichimoku cloud is acting as support. MACD crossover is showing bullish momentum. A solid breakout of the triangle would be the bullish confirmation, while a rejection would be a sign of further movement inside the triangle.
#DOGE/USDT ANALYSIS
DOGE is once again breaking out of the ascending triangle. It has also broken out of the Ichimoku cloud. The MA 100 is indicating a bullish trend. A continuation of the bullish move is expected for as long as it continues to trade above the triangle.
#WLD/USDT ANALYSIS
WLD is moving in a descending triangle. Currently, it is holding above the horizontal support. MA 200 is acting as support. MACD crossover is turning bullish. A good volume bounce and breakout of the triangle would be the bullish confirmation, while a sustained breakdown would be the bearish confirmation.
#BTC/USDT ANALYSIS
BTC has formed a bullish pennant pattern. Currently, it is facing the MA 100 and the Ichimoku cloud resistance. MACD crossover is showing bullish momentum.
A break above the Ichimoku cloud and a solid breakout of the bullish pennant would be a strong bullish confirmation, until that a further consolidation is expected inside the pennant.
#BTC DOMINANCE ANALYSIS
BTC.D is moving in an ascending triangle, with the Ichimoku cloud acting as support. The RSI is currently in the neutral zone. A solid breakout of the triangle would confirm a bullish trend.
In the event of rejection, further movement within the triangle is anticipated. It's worth noting that BTC.D often exhibits an inverse relationship with the alts market cap.
#US DOLLAR ANALYSIS
The US dollar has been rejected from the trendline resistance of the symmetrical triangle. The MA 100 is acting as a resistance point. Additionally, the Ichimoku cloud indicates a bearish trend.
A rejection remains a possible scenario, while a solid breakout of the triangle would confirm bullish momentum. It's important to note that the dollar tends to move inversely to the crypto market.
#XRP/USDT ANALYSIS
XRP has broken out of the descending triangle pattern and has also surpassed the Ichimoku cloud. Presently, it is retesting above the cloud. A bullish move is anticipated for as long as it continues to trade above the triangle.
#BTC/USDT ANALYSIS
BTC breakout the symmetrical triangle and currently, it is coming to retest above it. The Ichimoku cloud is showing a bullish trend. A successful retest would confirm the continuation of the upward direction.
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Читать полностью…#TOTAL MARKET CAP ANALYSIS
The total market cap is currently moving within a symmetrical triangle pattern. It has recently rebounded from the trendline support and is gradually approaching the trendline resistance.
The Ichimoku cloud indicates a bullish trend, while the MACD crossover is transitioning to a bullish signal. Should there be a solid breakout above the triangle's boundaries, it would confirm an upward trajectory in the market.
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Читать полностью…#BTC/USDT ANALYSIS
BTC has bounced from the trendline support and broken out of the Ichimoku cloud. It has also reclaimed the MA 50 and 100. A confirmation of the strong bullish rally would be a solid breakout of the triangle.
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ETH looks ready for a bounce from the trendline support of the symmetrical triangle 🚀