#BTC/USDT ANALYSIS
BTC is once again attempting to regain momentum from the MA 200 and the trendline support after being rejected by the Ichimoku cloud resistance. A bounce from this point and a breakout of the Ichimoku cloud would confirm bullish sentiment, while a sustained breakdown of the horizontal support would confirm bearish sentiment.
#JASMY/USDT ANALYSIS
It is moving within a symmetrical triangle after experiencing a significant bullish rally. Currently, it is encountering resistance at the trendline. The RSI indicates that it is in the overbought region. Further movement within the triangle is anticipated until a definitive breakout occurs.
#BTC/USDT ANALYSIS
BTC has been rejected from the MA 100 and the Ichimoku cloud resistance, bouncing back after retesting above the descending triangle. The bulls now require a breakout above the Ichimoku cloud resistance for solid bullish confirmation.
#XRP/USDT ANALYSIS
XRP is retesting above the symmetrical triangle on the weekly timeframe, with the MA 200 acting as support. It is on the verge of breaking out of the Ichimoku cloud. The MACD crossover indicates bullish momentum. A successful retest or a breakout above the Ichimoku cloud would confirm the bullish trend.
#TOTAL MARKET CAP ANALYSIS
The total market cap is approaching a retest of the marked horizontal support. A successful retest above the horizontal support would confirm the continuation of the bullish move.
A sustained breakdown below the horizontal support would be interpreted as a bearish signal. Such a development could indicate a shift in market dynamics, with selling pressure overpowering buying interest.
#DOGE/USDT ANALYSIS
Doge pumped after breaking out of the ascending triangle. Currently, it has retraced to retest above the triangle. The Ichimoku cloud indicates a bullish trend. A successful retest above the triangle would confirm the bullish move, while a candle close below the triangle would indicate further movement within the triangle.
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#ALTS MARKET CAP ANALYSIS
The ALTS market cap has been rejected from the marked past high resistance. Currently, it is retesting above the horizontal support.
A successful retest above the horizontal support and breakout of the past high resistance would be the bullish confirmation in Alts. If it breaks down the horizontal support, we'll see further correction in Alts.
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Читать полностью…#BTC/USDT ANALYSIS
BTC has been rejected from the Ichimoku cloud resistance and is currently holding above the horizontal and trendline support. A substantial volume bounce from this point, coupled with a breakout of the Ichimoku cloud, would confirm bullish momentum returning to the market. Conversely, a sustained breakdown of the trendline and horizontal support would further confirm bearish sentiment.
#MASK/USDT ANALYSIS
MASK has broken out of the symmetrical triangle and is currently retesting above it. The Ichimoku cloud is acting as support. A successful retest above the triangle would confirm the upward move.
#BTC/USDT ANALYSIS
BTC closed with a spinning top candle on the weekly timeframe, indicating indecision. It closed above the ascending triangle, emphasizing the importance of a successful retest for bullish confirmation. However, failure by bulls to sustain their position above the triangle could signal a market correction.
BTC DOMINANCE ANALYSIS
BTC.D is currently forming an ascending triangle pattern. The MACD crossover is poised to turn bearish. A decisive breakout or breakdown of the triangle would confirm its next direction.
If BTC.D declines while BTC moves sideways or upwards, it would signal bullish momentum for Altcoins, and vice versa.
#USDT DOMINANCE ANALYSIS
USDT.D continued its downward move after the breakdown of the symmetrical triangle. It also broke down below the MA 200 and is currently bouncing from the horizontal support.
A solid breakdown of the horizontal support would further confirm bearish sentiment in the USDT.D. It's worth noting that it operates inversely to the crypto market.
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Yesterday, Bitcoin spot ETFs saw total net outflows of $94m. Grayscale ETF GBTC had a total outflow of $1.83b this week
Читать полностью…#US DOLLAR ANALYSIS
The US dollar continues to move within the confines of a symmetrical triangle. It is currently trading below the trendline, the MA 100, and encountering resistance from the Ichimoku cloud. A rejection appears to be a plausible scenario.
We can anticipate further oscillation within the triangle until a definitive breakout or breakdown materializes. It's important to acknowledge its inverse relationship with the crypto market.
#BTC/USDT ANALYSIS
BTC has perfectly pumped from the marked horizontal and MA 200 support levels, breaking out of the trendline. Currently, it is encountering resistance from the MA 100 and the Ichimoku cloud. A solid breakout above them would confirm bullish sentiment. If the price retraces inside the triangle, further movement within the triangle can be anticipated.
$ETH tumbled 6% on reports the foundation behind the Ethereum blockchain faces a confidential inquiry, dimming hopes for U.S. approval of an #etherETF.
Читать полностью…Net Bitcoin ETF flows we negative for the second day in a row, a combination of increased outflows from Grayscale and lower demand for the new ETFs in the US
Читать полностью…#BTC/USDT ANALYSIS
BTC has experienced a decline following the breakdown of both horizontal and trendline supports. Presently, it hovers near the MA 200 and horizontal support. If bulls manage to maintain levels above this zone, a bounce might be anticipated. Conversely, a decisive breakdown of this zone would signal a potential further correction in the market.
#FTM/USDT ANALYSIS
FTM is exhibiting a breakout of the double bottom pattern accompanied by increasing volume. Additionally, the MACD crossover indicates bullish momentum. Assuming BTC remains stable, we can anticipate a bullish move. However, if it retraces, a retest of the horizontal support could present a favorable entry point.
#S&P 500 ANALYSIS
The S&P 500 has sustained its bullish momentum following the breakout of the horizontal resistance. The Ichimoku cloud indicates a bullish trend, while the RSI resides in the extremely overbought territory.
Consequently, a retracement is anticipated before the bullish rally resumes. It's noteworthy that the S&P 500 typically correlates directly with the crypto market.
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