#BTC/USDT ANALYSIS
BTC is currently forming an ascending triangle, encountering horizontal resistance, and trading above the MA 50. It is positioned within the Ichimoku cloud. Additionally, the MA 200 indicates a positive trend. A decisive breakout of the ascending triangle would serve as bullish confirmation.
#ALTS MARKET CAP ANALYSIS
The market cap of ALTS is currently forming a descending triangle pattern. It is trading within the Ichimoku cloud and below the 50-day moving average (MA), indicating a state of indecision.
A breakout above the MA 50 would confirm a bullish trend, whereas a rejection would suggest a retest of the horizontal support level.
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#BTC/USDT ANALYSIS
BTC is currently trading within an ascending channel on a daily timeframe. It encounters horizontal resistance while residing within the Ichimoku cloud. The MA 100 indicates a bullish trend.
A definitive breakout above the horizontal resistance would serve as confirmation for a potential upward trajectory toward the upper boundary of the channel.
#BTC DOMINANCE ANALYSIS
BTC.D experienced a pump following the breakout of horizontal resistance. Presently, it is confronting the Ichimoku cloud and the MA 100 resistance.
A rejection at this juncture might indicate a potential retest of the horizontal support. Should BTC.D and BTC decline, it would signify capital outflow from the market, with the market seeking downward liquidity before the subsequent move.
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#S&P 500 ANALYSIS
The S&P 500 has sustained its bullish momentum following the breakout of both the horizontal resistance and the ascending trendline. The Moving Average (MA) 50 and the Ichimoku cloud indicators are indicative of a strong bullish trend.
Furthermore, the MACD crossover is gaining bullish momentum. The anticipation is for the continuation of the bullish trend as long as the index remains above the horizontal support level.
#BTC/USDT ANALYSIS
BTC has formed an inverse head and shoulder pattern and is currently attempting to break out of the horizontal resistance. However, it has recently faced rejection from this resistance level. Nevertheless, it is trading above the MA 200, the ascending trendline, and the Ichimoku cloud.
A solid breakout above the horizontal resistance is essential for confirming a bullish trend. Conversely, if the resistance holds and there is a sustained breakdown of the Ichimoku cloud, it could signal a potential correction in the market.
#ICP/USDT ANALYSIS
The ICP has recently experienced a breakout from the symmetrical triangle, followed by a strong bullish rally. The Ichimoku Cloud suggests a prevailing bullish trend, further supported by the MACD crossover indicating strong bullish momentum. As long as it continues to trade above the symmetrical triangle, a continuation of the bullish move is anticipated.
#US DOLLAR ANALYSIS
The US dollar is currently forming a symmetrical triangle, encountering resistance from both the MA 50 and the Ichimoku cloud. A potential scenario involves a rejection at these levels.
It is crucial to closely monitor for a definitive breakout or breakdown of the triangle to confirm the dollar's direction. Additionally, it is worth noting that the dollar tends to exhibit an inverse correlation with the crypto market.
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#BTC/USDT ANALYSIS
BTC has formed an inverse head and shoulder pattern. Currently, it is facing horizontal resistance. The Ichimoku cloud is showing a bullish trend. A solid breakout of the triangle would be the bullish confirmation. In case of rejection, it might face a short-term correction.
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#API3/USDT ANALYSIS
API3 is moving in an ascending triangle. It bounced from the MA 50, trendline and the Ichimoku cloud support. A solid breakout of the triangle would be the bullish confirmation, while a rejection would be a sign of further movement inside the triangle.
#MATIC/USDT ANALYSIS
MATIC is moving in a symmetrical triangle on the weekly timeframe. MA 100 and the Ichimoku cloud are acting as resistance. A solid breakout of the triangle would be the bullish confirmation. A rejection would be a sign of further movement inside the triangle.
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#LUNC/USDT ANALYSIS
LUNC has broken out of the falling wedge pattern and successfully retested it above. Presently, it encounters resistance from both the Ichimoku cloud and the 200-day moving average (MA). However, the MACD crossover signals bullish momentum. Confirmation of the ongoing bullish trend would occur with a decisive break above the Ichimoku cloud.
#BTC/USDT ANALYSIS
BTC is currently trading within a symmetrical triangle on a 4-hour timeframe. The price is situated inside the Ichimoku cloud, indicating a state of short-term indecision. It is crucial to monitor closely for a definitive breakout or breakdown of the triangle to confirm the direction.
#CFX/USDT ANALYSIS
CFX has recently pumped above the symmetrical triangle, finding support from the Ichimoku cloud. A decisive bullish candle close would serve as a strong confirmation of the upward momentum. Conversely, if there is a rejection and a breakdown below the Ichimoku cloud, it could indicate a potential continuation of consolidation within the triangle.
#USDT DOMINANCE ANALYSIS
USDT.D is currently retesting below the symmetrical triangle following a successful breakdown. The MA 100 indicates a downward trend, while the price remains above the previous low and the MA 200.
A breakdown below the last low and the MA 200 would confirm the bearish scenario. A bearish trend in USDT.D could serve as a bullish signal for the crypto market, as they tend to exhibit an inverse relationship.
#BTC/USDT ANALYSIS
BTC is currently making an attempt to break out of the horizontal resistance, with the MA 50 serving as a supportive factor. The price is on the verge of breaking through the Ichimoku cloud.
A decisive breach of the horizontal resistance would serve as a confirmation of bullish momentum. Conversely, a rejection at this point could indicate a potential retest of the ascending trendline.
#LINK/USDT ANALYSIS
LINK has continued its bullish momentum with a substantial increase in volume following the successful breakout from the descending triangle, accompanied by a subsequent bullish move. The Ichimoku cloud and the 50-day moving average (MA 50) both indicate a bullish trend. A sustained bullish rally is anticipated as long as LINK remains trading above the triangle.
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#TOTAL MARKET CAP ANALYSIS
The total market cap is currently maintaining its position above the horizontal support, MA 50, and the Ichimoku cloud support. A bounce is anticipated as long as it continues to hold above the horizontal support.
However, in the event of a sustained breakdown of the horizontal support, a market correction is also expected.
The Bitcoin Realized Cap remains just -5.4% shy of its previous ATH of $467B, and is currently experiencing strong capital inflows.
That said, the duration for this recovery to accelerate has been markedly slower than prior cycles, arguably due to the significant supply overhang from challenging trades like the GBTC arbitrage.
🥇 2012-13 Cycle 0.22% daily
🥉 2015-16 Cycle: 0.09% daily
🥈 2019-20 Cycle: 0.17% daily
🐢 2023-24 Cycle: 0.05% daily