#BTC/USDT ANALYSIS
Bitcoin is currently facing rejection at the horizontal supply zone while trading above the 21MA and 50MA, which are acting as support levels.
A breakdown below these moving averages could signal further market decline, while a bounce from this level may indicate renewed upward momentum.
Monitoring upcoming price movements is crucial for identifying the next trend direction.
#SAND/USDT ANALYSIS
SAND has successfully broken out of the falling wedge pattern and is currently trading above it. The Ichimoku Cloud serves as a resistance barrier above the current price action. A clear breakout through the Cloud would signal a shift toward a bullish trend.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap has broken out of the descending broadening wedge pattern and successfully completed a retest, confirming the breakout.
It is currently gaining momentum above the pattern, with the Ichimoku Cloud providing strong support and indicating bullish strength. This setup suggests the potential for a significant bullish rally in the cryptocurrency market.
#BURGER/USDT ANALYSIS
BURGER is currently trading within a descending triangle pattern and rebounding from the horizontal demand zone. The Ichimoku Cloud is serving as a resistance barrier above the price. A decisive breakout or breakdown is needed to confirm the next significant move.
On October 31, the Bitcoin spot ETF had a total net inflow of $32.1408 million, the lowest net inflow in the past seven days. The Ethereum spot ETF had a total net inflow of $13.0552 million.
Читать полностью…#BTC/USDT ANALYSIS
Following the breakout of the descending broadening wedge pattern, BTC is now trading within a critical horizontal supply zone. The 21MA and 50MA are signaling strong bullish momentum, suggesting increased buying interest.
A successful test and breakthrough of this key level could lead BTC to establish a new peak, potentially pushing its price further upward as momentum builds.
However, if BTC fails to sustain a breakout above this zone, we may witness a pullback, with the price dropping yet staying above the previously broken pattern. This will be a crucial test of BTC's bullish strength and resilience in the current market.
#TLM/USDT ANALYSIS
TLM is currently trading within a descending triangle pattern and rebounding off a key horizontal demand zone.
The 50MA is acting as resistance just above the triangle, and a breakout from the pattern could signal a bullish trend. It’s one to watch closely.
#BTC/USDT ANALYSIS
Bitcoin has broken out of its descending broadening wedge pattern with substantial volume and is currently trading within a key horizontal supply zone.
The Ichimoku Cloud is signaling strong bullish momentum, suggesting that a breakout above the supply zone, followed by a successful retest, could propel BTC to a new high.
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Читать полностью…#BTC/USDT ANALYSIS
Bitcoin is currently attempting to break through its horizontal supply zone, with both the 21MA and 50MA providing strong support and indicating bullish momentum.
A decisive breakout above this zone, followed by a successful retest, could pave the way for a new high for BTC.
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Читать полностью…#JASMY/USDT ANALYSIS
JASMY is currently trading within the horizontal demand zone of its descending triangle pattern, suggesting a potential bounce from this level.
The 21MA and 50MA are acting as resistance barriers above the current price action.
A solid breakout above both moving averages and the triangle’s resistance trendline could trigger a strong bullish rally in JASMY.
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#US Dollar Analysis
The US dollar is currently consolidating within a descending triangle pattern and rebounding from a horizontal demand zone. The Ichimoku Cloud is providing support beneath the price action as it tests the resistance trendline of the triangle.
A decisive breakout or breakdown from this pattern will be crucial for signaling the dollar’s next significant move.
Due to the US dollar’s usual inverse correlation with the cryptocurrency market, any major change could have far-reaching effects on broader market dynamics.
#BTC/USDT ANALYSIS
Bitcoin is currently facing resistance at the horizontal main supply zone while retesting the breakout point of the broadening wedge pattern.
A successful retest and breakout above this critical supply zone could confirm a bullish trend. Supporting the price action, the Ichimoku Cloud is providing strong support.
However, if the retest fails, further price movement within the pattern is expected.
#BTC/USDT ANALYSIS
Bitcoin is currently encountering resistance at the horizontal main supply zone while retesting the breakout point of the broadening wedge pattern.
A successful retest and breakout above this key supply zone could confirm a bullish trend. Supporting the price action, the 21MA and 50MA are acting as strong support levels.
However, if the retest fails, further price movement within the pattern is likely.
#DOT/USDT ANALYSIS
DOT is consolidating within a falling wedge pattern and currently encountering resistance from the wedge’s upper trendline. The Ichimoku Cloud is also reinforcing this barrier, creating an additional layer of resistance above the price action.
A decisive breakout from both the pattern and the Ichimoku Cloud would signal a shift toward a bullish trend, potentially leading to a strong upward move.
#BTC DOMINANCE ANALYSIS
BTC.D is currently trading within a rising wedge on the weekly timeframe and encountering resistance at the wedge’s upper trendline—a formation typically viewed as bearish.
The 21MA is acting as support just below. This setup suggests a potential decline in BTC.D in the near term, with a decisive breakdown of the wedge providing strong bearish confirmation.
Should BTC.D trend lower while Bitcoin remains stable or bullish, this could signal the onset of an altcoin bull run.
#PIXEL/USDT ANALYSIS
PIXEL is building momentum from a key horizontal demand zone and has recently broken through the long-standing resistance trendline of its descending triangle pattern.
The Ichimoku Cloud is also reflecting bullish strength, indicating the potential for a strong rally ahead.
#S&P 500 ANALYSIS
The S&P 500 has successfully broken out of its ascending triangle pattern and completed a retest, gaining upward momentum. The Ichimoku Cloud is offering strong support, indicating sustained bullish movement.
Considering the S&P 500’s correlation with trends in the crypto market, this price action should be monitored closely for potential signals that could influence broader market dynamics.
#DOGE/USDT ANALYSIS
DOGE is consolidating within a bullish pennant pattern, gaining momentum with support from both the 50MA and 100MA. A decisive breakout from this pattern could trigger a strong bullish rally in DOGE.
Bitcoin spot ETF had a total net inflow of $479 million on October 28, and only one day of net outflow since October 11. BlackRock ETF IBIT had an inflow of $315 million. Ethereum spot ETF had a total net outflow of $1.1376 million yesterday.
Читать полностью…#USDT DOMINANCE ANALYSIS
USDT Dominance has broken down from the ascending triangle pattern and successfully retested the breakdown level, with the 100MA signaling bearish momentum as they now act as resistance barriers. This suggests a potential continuation of the downward trend.
Since USDT Dominance often has an inverse relationship with the broader crypto market, a decline in dominance could indicate increased buying pressure in altcoins and a bullish shift in market sentiment.
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Читать полностью…#ORDI/USDT ANALYSIS
ORDI is currently trading within a descending triangle pattern and rebounding from a horizontal demand zone. A breakout above the Ichimoku Cloud and the resistance trendline of the triangle could signal a bullish rally for ORDI.
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