#BTC/USDT ANALYSIS
Bitcoin is currently trading within a symmetrical triangle pattern, attempting to break through the resistance trendline after rebounding from the support.
The Ichimoku Cloud indicates bullish momentum, reinforcing the potential for an upward move. However, a decisive breakout is essential to confirm the continuation of this bullish trend.
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#ARPA/USDT ANALYSIS
ARPA is currently consolidating within a descending triangle, with a rebound occurring from the horizontal demand zone at the base of the pattern.
The Ichimoku Cloud serves as a resistance overhead, situated above the triangle. A decisive move, either a breakout or breakdown, is needed before considering any trades.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a symmetrical triangle pattern, with the 100MA acting as a key resistance level. The price is currently trading below this moving average, indicating potential pressure from sellers.
A decisive breakout or breakdown from the triangle will be crucial in determining the next directional move for BTC. Patience is needed for confirmation.
#USDT DOMINANCE ANALYSIS
USDT.D is trading within a symmetrical triangle, with the price currently facing rejection at the Ichimoku Cloud resistance. The 200-day Moving Average is acting as support beneath the current price, suggesting a possible bounce if the price reaches this level.
However, a break below the 200MA could indicate a decline in USDT dominance, which may lead to an upward trend in the broader crypto market, as USDT.D typically moves inversely to overall market trends.
#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within an ascending triangle pattern. It is trading above the 100-day Moving Average, which is serving as a key support level.
The 200-day MA, positioned just above the triangle, is acting as resistance. A clear breakout or breakdown from this pattern is needed to confirm Bitcoin's next significant move.
#AMP/USDT ANALYSIS
AMP is consolidating within a descending channel and is currently attempting to break through its resistance trendline. The Ichimoku Cloud above the channel is serving as an additional resistance barrier. We should monitor closely for a breakout or breakdown.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is consolidating within a bull flag pattern. It is currently trading below the Ichimoku Cloud, which is acting as a resistance barrier above the current price action.
A breakout above the Ichimoku Cloud and the pattern's resistance trendline would provide strong bullish confirmation. Conversely, if the market cap breaks below the support trendline, the pattern will be invalidated.
#ADA/USDT ANALYSIS
ADA is currently consolidating within a falling wedge pattern and is now rising from the support trendline of the wedge.
The 50MA and 200MA are both acting as resistance just above the pattern's resistance trendline.
We should wait for a decisive breakout from the pattern before anticipating a bullish rally in ADA
#ALTS MARKET CAP ANALYSIS
The ALTS market cap has recently broken down into a descending triangle, accompanied by significant trading volume. It is currently finding support at the 200-day moving average, which coincides with a test of the triangle's lower boundary.
A successful test of this support would confirm a bearish trend, reinforced by the Ichimoku cloud signaling bearish momentum above the current price action.
However, a breakout above the triangle could lead to further consolidation within the pattern, indicating potential indecision in the market.
#BTC/USDT ANALYSIS
Bitcoin has recently broken down from the ascending triangle pattern and is now trading within the Ichimoku Cloud. At this point, it's crucial to wait for a successful retest of the broken support level.
If the retest confirms the breakdown, it could signal further bearish momentum for BTC. However, if the retest fails, we may see a potential upward reversal.
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Читать полностью…#HOOK/USDT ANALYSIS
HOOK has broken out of the descending channel with significant volume, indicating potential bullish momentum. It is currently retesting the breakout level, and a successful retest would confirm the bullish trend.
The 21-day moving average is providing additional support just below the current price action. However, if the retest fails, the price may re-enter the channel, leading to further downward movement.
#S&P 500 ANALYSIS
The S&P 500 has successfully broken out of a cup and handle pattern and completed a successful retest. The 21-day moving average is acting as support, while the Ichimoku Cloud indicates bullish strength.
Following the retest of the pattern’s neckline, the S&P 500 is now moving upward, signaling potential for further upward momentum.
The LTH Sell-Side Risk ratio remains lower than during previous ATH breaks, indicating that the LTH cohort is taking smaller profits compared to past cycles. This suggests they may be waiting for higher prices before increasing their selling pressure.
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#BB/USDT ANALYSIS
BB is consolidating within a descending triangle pattern. It is currently trading below the 21-day Moving Average, which is acting as resistance above the current price level. A decisive breakout or breakdown is needed to determine the next move.
#US DOLLAR ANALYSIS
The US dollar is currently consolidating within a symmetrical triangle pattern, trading just above the support trendline. The Ichimoku Cloud indicates bearish momentum.
To confirm the next move for the US dollar, we need to wait for a decisive breakout or breakdown of the pattern. It's important to note that the US dollar often shows an inverse relationship with the crypto market.
#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within a descending broadening wedge pattern, trading below the Ichimoku cloud, which is acting as resistance. A breakout above the Ichimoku cloud would provide short-term bullish confirmation.
However, to confirm the long-term Bitcoin price movement, we need to wait for a decisive breakout or breakdown of the pattern.
When we analyze the yearly median value of Spot CVD, we can see that the median value has fluctuated between -$22m and -$50m over the last 2 years, suggesting the presence of a net-sell side bias.
Читать полностью…#BTC/USDT ANALYSIS
Bitcoin has recently broken below the horizontal demand zone of a descending triangle pattern, signaling a potential shift in market sentiment. It is currently in the process of retesting the lower boundary of the triangle.
The Ichimoku Cloud reinforces this bearish outlook, with its indicators showing increased downward momentum. If the retest of the triangle's boundary confirms this bearish bias, we could see a continuation of the decline, potentially leading to a significant drop in price.
Conversely, if Bitcoin fails to sustain below this level during the retest, it may enter a phase of consolidation within the descending triangle.
#RARE/USDT ANALYSIS
RARE is showing a strong rebound from the support trendline of the descending channel and is currently attempting to break through the channel's resistance trendline.
The 200-day moving average is also acting as a key resistance level. It's important to wait for a decisive breakout above this level or a breakdown before making any further moves.
#BTC DOMINANCE ANALYSIS
BTC.D is consolidating within an ascending channel after rebounding from the support trendline. Currently trading near the middle of the channel, BTC.D shows bullish momentum according to the Ichimoku Cloud.
To confirm the next move, we need to wait for a clear breakout or breakdown. It's important to note that BTC.D generally has an inverse relationship with the altcoin market cap.
#AAVE/USDT ANALYSIS
AAVE has bounced strongly from the horizontal demand zone within the descending triangle, signaling potential upward movement. However, the Ichimoku Cloud is currently acting as resistance above the price action.
To confirm a bullish rally, we need to wait for a decisive breakout above the Ichimoku Cloud and the descending trendline of the triangle.
#BTC/USDT ANALYSIS
Bitcoin is rebounding from the support trendline of an ascending triangle and is currently trading just below the horizontal resistance zone.
The Ichimoku Cloud indicates bullish momentum, suggesting potential upward movement. However, it's crucial to wait for a decisive breakout or breakdown to confirm BTC's next direction.