#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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#TRX/USDT ANALYSIS
TRX has exhibited a breakout from the cup and handle pattern, accompanied by a notable increase in volume. Additionally, the Ichimoku cloud indicates a bullish trend, suggesting a positive momentum.
The current scenario suggests a potential continuation of the bullish rally, either directly from this point or following a successful retest of the cup and handle pattern.
#ALTS MARKET CAP ANALYSIS
The market cap of ALTS has recently broken out of a descending triangle pattern. Presently, it is trading above the 200-day Moving Average (MA) but below the Ichimoku cloud.
A bullish confirmation would occur if there is a break above the Ichimoku cloud. Conversely, in the event of rejection and a failed retest above the trendline, a short-term correction may ensue, potentially testing the horizontal support.
#LINK/USDT ANALYSIS
LINK is moving in a descending triangle followed by a strong bullish rally. A solid breakout of the triangle would be the bullish confirmation. A rejection will be a sign of further movement inside the triangle.
#BTC/USDT ANALYSIS
BTC has faced rejection at the H4 horizontal resistance and is currently making an effort to maintain a position above the MA 200.
A breach below the MA 200 would signal a potential downward movement towards the horizontal support, where the Ichimoku cloud is providing additional support.
A successful bounce from this level, coupled with a breakout above the horizontal resistance, would serve as a bullish confirmation.
#BTC DOMINANCE ANALYSIS
BTC.D has bounced after breaking the horizontal resistance. Currently, it is trading inside the Ichimoku cloud and below the MA 50. A breakout of the Ichimoku cloud would be a bullish confirmation, while a rejection from the MA 50 and the Ichimoku cloud would signal a correction.
If BTC.D and BTC experience a pump, that would indicate new money entering the market. Conversely, a rejection in BTC.D while BTC moves upward or exhibits sideways movement would be a bullish sign for altcoins.
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#SUI/USDT ANALYSIS
SUI has broken out of the cup and handle pattern, accompanied by significant volume and a successful retest. The chart indicates strong momentum, suggesting a potential continuation of the bullish move from this point onward, or possibly after another test of the horizontal support. The breakout, coupled with strong volume, adds confidence to the bullish scenario.
#S&P 500 ANALYSIS
The S&P 500 has pumped following the breakout of both the horizontal resistance and trendline, accompanied by significant trading volume. The Ichimoku cloud and the MA 100 indicators signal a bullish trend.
Anticipating the continuation of this upward momentum, one may look for confirmation either at the current level or following a successful retest of the trendline and horizontal support.
The outflows in Grayscale last week totalled $2.2bn, although data suggests outflows are beginning to subside as the daily total continued to reduce towards over the week.
Newly issued US ETFs saw inflows totalling $1.8bn last week, and since launch on 11th January 2024 have seen $5.94bn of inflows.
#BTC/USDT ANALYSIS
BTC has recorded a positive weekly candle close and is currently trading below the MA 100 but above the horizontal support level. A definitive breakout above the MA 100 would serve as a bullish confirmation. Conversely, if there is a breakdown of the horizontal support, it is likely to retest the ascending trendline.
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Читать полностью…#BTC/USDT ANALYSIS
BTC is gaining momentum after reclaiming the horizontal support. MACD crossover is showing bullish momentum. The MA 200 is indicating a positive trend. A bullish move is anticipated for however long it is trading above the horizontal support.
#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
#BTC/USDT ANALYSIS
BTC has been rejected by both the horizontal and Ichimoku cloud resistances. Presently, it is heading towards horizontal support.
A bounce is anticipated from the horizontal support, and if it manages to breach the horizontal support, it will likely test the ascending trendline support.
Expect consolidation within the designated zones until a definitive breakout or breakdown materializes.
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#BTC/USDT ANALYSIS
BTC has sustained its bullish momentum following a successful test of the ascending trendline and the reclaiming of horizontal support. Currently, it has surpassed the MA 100 but is encountering resistance from both the horizontal level and the Ichimoku cloud.
A definitive breakthrough of the Ichimoku cloud would serve as a strong bullish confirmation. Conversely, a rejection at this point may indicate a consolidation phase between the support and resistance zones.
#CFX/USDT ANALYSIS
CFX has broken out of the triangle pattern, and a successful retest above it is underway. Currently, momentum is evident, indicating a potential continuation of the bullish move either from the current levels or following a successful retest of the triangle.
#USDT DOMINANCE ANALYSIS
USDT.D has broken down from the symmetrical triangle and is currently in the process of retesting below it. Both the MA 100 and the Ichimoku cloud indicators are signaling a bearish trend.
A successful retest below the triangle would serve as the bearish confirmation. It is important to note that this trend tends to exhibit an inverse correlation with the crypto market.
#DOGE/USDT ANALYSIS
DOGE is moving in a symmetrical triangle. Currently, it is facing the MA 200 and the Ichimoku cloud resistance. A breakout above the MA 200 would be a sign of gain in strength and a solid breakout of the triangle would be a strong bullish confirmation. In case of a rejection and a sustained breakdown of the triangle, a downward move is also expected.
#US DOLLAR ANALYSIS
The US dollar is currently forming a symmetrical triangle, trading below both the MA 100 and the Ichimoku cloud. The MA 200 is serving as a crucial support level.
A potential scenario involves a rejection of the Ichimoku cloud resistance, while a definitive breakout or breakdown of the symmetrical triangle would confirm its move.
It is essential to observe that the US dollar tends to exhibit an inverse relationship with the crypto market.