The Crypto Express

18 Jun 2024 20:30

#US DOLLAR ANALYSIS


The US dollar is currently being rejected by the resistance trendline of the symmetrical triangle pattern. Both the 50-day moving average and the 100-day moving average are indicating support at this level. To determine the next move of the US dollar, we need to wait for a confirmed breakout above the resistance or a breakdown below the support.

It’s also important to note that the US dollar frequently exhibits an inverse relationship with the cryptocurrency market, meaning that movements in the dollar can have significant implications for crypto prices.

The Crypto Express

18 Jun 2024 08:50

#BTC/USDT ANALYSIS

Bitcoin is currently navigating a symmetrical triangle pattern, positioned within the Ichimoku cloud, indicating a phase of consolidation. We anticipate a bounce from the support trendline of the triangle, suggesting a potential short-term buying opportunity.

The key focus is on a breakout from the triangle and the horizontal resistance zone, which would signal bullish momentum and the possibility of a significant price increase.

Conversely, a breakdown below the support trendline and the Ichimoku cloud could trigger a market correction, indicating bearish control and potential further declines.

The Crypto Express

17 Jun 2024 13:08

#FET/USDT ANALYSIS

FET has broken out of the ascending triangle with significant volume, indicating potential bullish momentum. It is currently retracing for a retest. A successful retest would confirm the bullish trend.

Additionally, the 100-day moving average is acting as support below the horizontal resistance zone of the triangle. We should wait for further price developments to determine the next move.

The Crypto Express

16 Jun 2024 19:49

#ALTS MARKET CAP ANALYSIS

The ALTS market cap has successfully retested above the symmetrical triangle and is currently rebounding, exhibiting bullish momentum. It is now breaking through the Ichimoku cloud resistance barrier.

A breakout above the Ichimoku cloud would strongly confirm this bullish momentum. As long as it remains above the triangle, a continued bullish rally is anticipated.

The Crypto Express

15 Jun 2024 20:10

#BTC DOMINANCE ANALYSIS

BTC.D recently broke down from a rising wedge pattern on the weekly timeframe, suggesting the possibility of further decline. It is currently retesting the wedge's lower boundary.

If this retest is successful and BTC.D drops below the 21MA, a significant decline could follow, potentially triggering a strong bullish rally in the Altcoins market.

The Crypto Express

15 Jun 2024 08:26

#BTC/USDT ANALYSIS

Bitcoin is currently trading within the ascending triangle. The price hovers near a key upward trendline of the triangle indicating strong support.

The Ichimoku Cloud, with a green cloud beneath the current price, offers additional support, aligning closely with the trendline.

Bitcoin's current consolidation around the trendline and the cloud's edge suggests a crucial decision point, a breakout above this triangle would be a bullish signal, while a break below may lead to a deeper correction.

The Crypto Express

14 Jun 2024 20:02

#S&P 500 ANALYSIS

The S&P 500 Index has been in a robust upward trend, confined within a rising wedge pattern. Recently, it broke the upper boundary of this wedge, indicating potential further upward movement. The Ichimoku Cloud beneath the price action reinforces supportive bullish momentum. This alignment of indicators suggests strong market sentiment, with the potential for continued gains. Investors may view this breakout as a confirmation of the bullish trend, boosting confidence and investment.

The Crypto Express

13 Jun 2024 21:07

#USDT DOMINANCE ANALYSIS

USDT.D is currently trading within a symmetrical triangle pattern and encountering resistance at the trendline. Additionally, the Ichimoku Cloud is acting as a resistance barrier. A breakout from the triangle with significant volume would signal a bullish trend for USDT.D.

Conversely, a breakdown of the triangle would suggest a bearish trend for USDT.D. It's important to note that its movement is inversely proportional to the crypto market.

The Crypto Express

13 Jun 2024 13:20

MicroStrategy announced plans to raise funds through a private offering of $500 million of convertible senior notes, which it plans to use to purchase more Bitcoin and for other corporate purposes. The notes will mature in 2032.

The Crypto Express

13 Jun 2024 06:53

#GMT

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The Crypto Express

12 Jun 2024 20:02

BREAKING: 🇺🇸 Federal Reserve leaves interest rates unchanged at 5.25% - 5.50%.

The Crypto Express

12 Jun 2024 17:17

The aggregated balance of all major labelled entities is estimated to be ~4.23M, which accounts for 27% of the overall adjusted circulating supply (which is the total supply minus coins that have remained dormant for more than seven years).

🟡 US Spot ETF = 862k BTC
🔴 Mt. Gox Trustee = 141k BTC
🔵 US Government = 207k BTC
🟠 All Exchanges = 2.3M BTC
🟢 Miners (Exc. Patoshi) = 706k BTC

The Crypto Express

12 Jun 2024 11:04

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The Crypto Express

11 Jun 2024 20:52

#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.

The Crypto Express

11 Jun 2024 07:00

#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.

The Crypto Express

18 Jun 2024 15:37

#TRX/USDT ANALYSIS

TRX is trading within a symmetrical triangle and is currently rebounding from its strong support trendline. The Ichimoku cloud is acting as resistance, indicating bearish momentum.

We should wait for a confirmed breakout or breakdown to determine the next direction for #TRX.

The Crypto Express

17 Jun 2024 21:08

#TOTAL MARKET CAP ANALYSIS

The total market cap is rebounding from the support trendline of the ascending triangle. Currently, it is showing bullish momentum. A breakout of the triangle would serve as a bullish confirmation.

Additionally, the Ichimoku Cloud beneath the trendline indicates some underlying bullish momentum. A successful bounce from this trendline could indicate a potential bullish continuation, targeting a breakout above the resistance zone.

The Crypto Express

17 Jun 2024 07:35

#BTC/USDT ANALYSIS

Bitcoin is currently consolidating within a symmetrical triangle pattern and trading above the Ichimoku cloud, which is providing support. A bounce from the support trendline of the triangle is anticipated.

A breakout from the triangle would signal bullish momentum, while a breakdown could lead to a market correction.

The Crypto Express

16 Jun 2024 09:00

#BTC/USDT ANALYSIS

Bitcoin is currently trading within an ascending triangle pattern. The price is fluctuating close to an important upward trendline, indicating strong support.

Additionally, the 100-day moving average is acting as a significant barrier. Given these conditions, we can expect a bounce from the trendline of the pattern.

However, if Bitcoin breaks below this trendline, it could trigger a further market correction. This would indicate a shift in momentum from bullish to bearish, potentially leading to lower price levels.

The Crypto Express

15 Jun 2024 15:32

#BAKE/USDT ANALYSIS

BAKE is currently breaking a strong resistance trendline, supported by bullish momentum indicated by the 100-day moving average. A breakout above this trendline would confirm bullish sentiment.

However, there's also the possibility of a retreat from this level. Keep a close watch for the next move.

The Crypto Express

15 Jun 2024 03:27

VanEck Bitcoin ETF will be the first spot Bitcoin ETF to trade on Australia's bourse from Thursday

The Crypto Express

14 Jun 2024 08:02

#BTC/USDT ANALYSIS

After breaking down the ascending trendline (dashed line), BTC is now trading above the 100 MA, which is currently acting as support. A bounce from this level and a subsequent breakout of the pattern would serve as bullish confirmation. However, if BTC loses the 100 MA support, we can expect a downward movement and further consolidation within the triangle.

The Crypto Express

13 Jun 2024 15:48

#PEPE/USDT ANALYSIS

PEPE is trading within a descending broadening wedge pattern and is currently facing rejection at the resistance trendline. Additionally, the Ichimoku cloud is acting as a significant resistance level. A successful breakout from this pattern would provide a strong bullish confirmation.

The Crypto Express

13 Jun 2024 10:12

#BTC/USDT ANALYSIS

Bitcoin has broken down the ascending trendline (dashed line) and is currently trading within the Ichimoku cloud zone. We can expect a downward movement and further consolidation inside the ascending triangle. However, if it breaks above the triangle's horizontal resistance zone, we could see significant gains in the crypto market.

The Crypto Express

12 Jun 2024 20:59

#US DOLLAR ANALYSIS

The US dollar is currently consolidating within a symmetrical triangle pattern. The 200-day moving average (200MA) is providing support below the triangle. A successful breakdown of this pattern for the US dollar indicates a robust downward trend, while a breakout suggests a bullish trend.

We need to await a clear breakout or breakdown of the triangle to confirm its next direction. It's worth noting that the US dollar often shows an inverse relationship with the crypto market.

The Crypto Express

12 Jun 2024 19:30

BREAKING: The SEC and Terraform Labs reached an agreement that would see the latter pay $4.5B

The Crypto Express

12 Jun 2024 14:11

#WIF/USDT ANALYSIS

WIF is currently consolidating within a symmetrical triangle pattern, indicating a period of indecision in the market. The price is rebounding from the support trendline of this triangle, suggesting potential upward movement.

However, the Ichimoku cloud is acting as a significant resistance level, which must be overcome for further gains. A successful breakout above the triangle's resistance line would provide a strong bullish confirmation, potentially leading to a sustained upward trend.

The Crypto Express

12 Jun 2024 08:56

#BTC/USDT ANALYSIS

BTC has experienced a decline following the breakdown of an ascending triangle pattern. Additionally, it has breached the Ichimoku cloud and is currently retesting below it. A successful retest would signal the continuation of the downward movement toward the marked horizontal demand zone. Conversely, if BTC breaks out above the 100-day moving average, it could indicate a potential market reversal.

The Crypto Express

11 Jun 2024 13:44

#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.

The Crypto Express

10 Jun 2024 20:51

#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.