The Crypto Express

07 Jul 2024 21:01

#USDT DOMINANCE ANALYSIS

USDT.D has broken out of the ascending triangle with significant volume and is currently trading above the pattern. The Ichimoku cloud is providing support, indicating bullish momentum, while the 200MA is acting as a resistance above the current price action.

If USDT.D can break above the horizontal supply zone and the 200MA resistance, we may see further upward movement. Conversely, the price could drop from the horizontal resistance zone level.

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

The Crypto Express

07 Jul 2024 09:03

#BTC/USDT ANALYSIS

Bitcoin is currently rebounding from the support trendline of its descending channel after a strong rejection. The 200-day moving average is acting as resistance above the current price. A breakout above the 200MA, coupled with a solid breakout from the descending channel, would confirm a bullish trend. Conversely, if Bitcoin breaks below the channel's support trendline, a further decline in the market is likely.

The Crypto Express

06 Jul 2024 16:29

#WIF/USDT ANALYSIS

WIF is consolidating within a descending channel and is currently rebounding from the horizontal demand zone and the channel's support trendline.

The Ichimoku cloud is acting as resistance. A decisive breakout from the channel and the Ichimoku cloud would serve as a bullish confirmation.

The Crypto Express

06 Jul 2024 11:20

1INCH/USDT ANALYSIS

1INCH is currently rebounding from the horizontal demand zone within a descending triangle pattern. Both the 100MA and the Ichimoku Cloud are serving as resistance above this triangle.

We should wait for a clear breakout or breakdown. A confirmed breakout would signal a bullish trend, whereas a breakdown would imply a bearish trend.

The Crypto Express

06 Jul 2024 07:45

#BTC/USDT ANALYSIS

Bitcoin has broken down from the descending triangle and is currently trading below it. The 200-day moving average is acting as resistance above the price action, suggesting further downward movement.

However, if Bitcoin attempts a retest but instead breaks above the resistance of the 200MA, further consolidation within the triangle can be expected. A decisive breakout above the triangle would serve as a strong bullish confirmation.

The Crypto Express

05 Jul 2024 12:07

#FRONT/USDT ANALYSIS

FRONT is rebounding from the horizontal demand zone of a descending triangle. A breakout above the 100-day moving average could trigger an upward movement. Additionally, if it breaks above the descending triangle, we can expect significant gains.

The Crypto Express

05 Jul 2024 07:55

#BTC/USDT ANALYSIS

Bitcoin has recently declined following the breakdown of a symmetrical triangle pattern. It is currently trading above a key horizontal demand zone. The Ichimoku cloud is serving as a resistance barrier above the current price action. The next significant support level is around the $52,000 mark, where a potential bounce can be anticipated.

The Crypto Express

04 Jul 2024 20:27

#ALTS MARKET CAP ANALYSIS

The ALTS market cap is trading within a descending triangle pattern and is currently attempting to break its horizontal demand zone. A breakdown from the triangle, followed by a successful retest of the broken support, would likely lead to a further decline in the ALTS market. This scenario would confirm the bearish sentiment and indicate a continuation of the downward trend.

However, there is also the potential for a bounce from the demand zone within the triangle. The Ichimoku Cloud is positioned above the triangle and is acting as resistance. If the market breaks out from both the descending triangle and the Ichimoku Cloud, it would serve as a strong bullish confirmation, signaling a potential reversal and the start of an upward trend for the ALTS market.

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

07 Jul 2024 14:18

#ETH/USDT ANALYSIS

ETH is consolidating within a descending triangle and is currently rebounding from the horizontal demand zone at the base of the triangle.

The Ichimoku cloud is providing resistance above the price action within the triangle.

We need to wait for a successful breakout above the resistance or a breakdown below the demand zone for a clear direction.

The Crypto Express

06 Jul 2024 21:05

#US DOLLAR ANALYSIS

The US dollar is currently facing rejection at the resistance trendline of a symmetrical triangle pattern while trading just above the support trendline, with the Ichimoku cloud providing additional support.

A breakdown below the triangle and subsequent downward movement of the US dollar could trigger a bullish rally in the cryptocurrency market. To confirm the US dollar's next direction, it is crucial to wait for a definitive breakout or breakdown.

Additionally, it is important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market.

The Crypto Express

06 Jul 2024 14:24

NEW: Fidelity #Bitcoin  ETF investors bought the dip in a BIG way, with $117 million in inflows.

This marks their largest daily inflow since early June.

The Crypto Express

06 Jul 2024 11:05

#Bitcoin  Miner capitulation mirrors Dec 2022 levels with a 7.7% hashrate drop, similar to post-FTX collapse conditions.

Such declines often signal potential market bottoms.

The Crypto Express

05 Jul 2024 20:47

#TOTAL MARKET CAP ANALYSIS

The total cryptocurrency market cap is presently confined within a descending channel pattern and has recently tested the lower trendline, showing signs of an attempted rebound.

However, resistance is being encountered from the Ichimoku cloud situated within the channel. For a bullish reversal to be confirmed, the market cap would need to break out above the upper trendline of the channel.

Conversely, a breakdown below the support trendline could indicate further declines, signaling a continuation of the bearish trend.

The Crypto Express

05 Jul 2024 08:40

Mt. Gox said that it has started repayments to customers, ending a near 10-year long wait for some users to get their crypto back.

The Crypto Express

05 Jul 2024 06:52

BREAKING : Mt Gox moves 47,228 BTC ($2.71 billion dollars) from cold storage to a new wallet.

The Crypto Express

04 Jul 2024 15:24

JUST IN: Tron founder Justin Sun offers to buy all #Bitcoin    held by the German government to minimize impact on the market.

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