#ARB/USDT ANALYSIS
ARB has broken out of the ascending triangle and is currently retesting the area above it. A successful retest would confirm a bullish trend, while a failed retest and a sustained breakdown of the triangle would confirm a bearish trend.
#BTC/USDT ANALYSIS
BTC is currently moving within an ascending triangle pattern. After getting rejected at the horizontal resistance, it is now trading above the Ichimoku cloud. A bounce from this point, followed by a solid breakout from the triangle, would confirm a bullish trend. Until then, we can expect further movement within the triangle.
#US DOLLAR ANALYSIS
The US dollar is currently moving in an ascending triangle pattern. It is trading above both the trendline and the Ichimoku cloud support. However, it is attempting to break down from the ascending triangle, potentially forming a bearish flag.
A sustained breakdown of the triangle would confirm a bearish trend. It's important to note that a downward move in the US dollar typically has an inverse relationship with the crypto market.
#BTC/USDT ANALYSIS
BTC has broken out of the symmetrical triangle and is currently retesting above it. The Ichimoku cloud indicates a bullish trend. An upward move is expected as long as BTC trades above the Ichimoku cloud. However, if it breaks down through the Ichimoku cloud, that would be a short-term sign of a correction.
The Bitcoin Long-Term Holder (LTH) Binary Spending Indicator is a tool we can use to profile and visualize the intensity of HODLer distribution pressure. We note a significant and sustained decline in LTH Supply into the $73k ATH in March.
As of the last few weeks however, this distribution pressure has eased off markedly, giving the bulls more breathing room, and less resistance overall.
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#ALTS MARKET CAP ANALYSIS
The Alts market cap has broken out of the symmetrical triangle and is currently retesting above it. The Ichimoku cloud is also providing support.
A successful retest above the triangle would confirm a bullish trend, while a failed retest could indicate further movement within the triangle.
#LINK/USDT ANALYSIS
LINK has performed as anticipated, showing strength after a successful retest above the MA 200. It is currently breaking out of the Ichimoku cloud, and a candle close above it would confirm the continuation of the bullish trend.
#BTC/USDT ANALYSIS
BTC was rejected at the horizontal resistance of the ascending triangle. Currently, it is trading above the Ichimoku cloud. A bounce from the Ichimoku cloud and a decisive breakout from the ascending triangle would confirm a bullish trend. Until a solid breakout or breakdown occurs, further movement within the triangle is expected.
#BTC DOMINANCE ANALYSIS
BTC.D has broken down from the rising wedge on the weekly timeframe. A candle close or a successful retest below the rising wedge would confirm the bearish trend.
If BTC moves sideways or bullish while BTC.D drops, it would be a bullish sign for altcoins.
#BAKE/USDT ANALYSIS
BAKE is forming a descending triangle and is attempting a breakout. Currently, it is facing resistance from the MA 100 and the Ichimoku cloud. A solid breakout from the triangle would confirm a bullish trend, while a rejection would indicate further movement within the triangle.
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Читать полностью…#WOO/USDT buy setup
WOO breaks out the neckline of the double bottom pattern and the descending trendline with a decent volume. An upward move is expected from here.
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Time: 4 PM GMT
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#OMNI/USDT ANALYSIS
OMNI experienced a significant pump following the breakout of the descending trendline and horizontal resistance, which is now serving as support. The Ichimoku Cloud indicates a bullish trend. As long as OMNI continues to trade above this horizontal support, an upward movement is anticipated.
#TOTAL MARKET CAP ANALYSIS
The total market cap has broken out of a descending triangle and is currently retesting above this breakout point. The Ichimoku cloud is indicating a bullish trend.
A successful retest would confirm this bullish trend. However, if the retest fails and the price breaks down through the Ichimoku cloud, it would signal a potential market correction.
#DOGE/USDT ANALYSIS
DOGE pumped after breaking out and successfully retesting the descending triangle. The cluster of moving averages indicates a bullish trend. Currently, the price is within the Ichimoku cloud, and a break above it would confirm an upward move.
#BTC/USDT ANALYSIS
BTC is currently forming a symmetrical triangle on the 1-hour timeframe. A solid breakout from the triangle would confirm a bullish trend, while a rejection would indicate continued movement within the triangle.
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The reason why the SEC passes the Ethereum spot ETF is mainly due to the correlation between CME Ethereum futures and certain spot Ethereum trading platforms. Most of the SEC documents provide data evidence of high correlation, and the monitoring and sharing agreements of CME and others can help prevent fraud and manipulation.
Читать полностью…Bitcoin’s market capitalization is approaching 10% of gold’s, currently 8.4%. Bitcoin is currently valued at $1.4 trillion compared to gold’s $16 trillion market cap
Читать полностью…#BTC/USDT ANALYSIS
BTC pumped following a strong bullish weekly candle close. Currently, it is encountering resistance at its all-time high. A decisive breakout above this all-time high zone would confirm a bullish trend. However, if it gets rejected, it will likely retest the horizontal support.
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Читать полностью…#S&P 500 ANALYSIS
The S&P 500 has continued its bullish trend following the breakout from the ascending triangle pattern. It has recently surpassed its previous high and is currently trading above this level.
As long as it remains above the past high, the bullish momentum is expected to continue. However, if it falls below this level, a short-term retracement is likely before the next upward move.
#BOME/USDT ANALYSIS
BOME has broken out of the ascending triangle with a candle close above it, indicating strong momentum. We can expect the continuation of the bullish move from here or after a successful retest of the triangle.