Trading Crypto Guide ™
#BTC closed its weekly candle in the middle of the total candle size. That indicates indecision, so wait for the price to move further; it is currently in the middle of the consolidation range.
Trading Crypto Guide ™
#BTC.D moved up after breaking the small flag pattern and forming a small triangle pattern. Breaking above will not lead to good conditions for altcoins, but looking at the structure, the market can push higher towards the resistance mark. Let's see how the…
#BTC.D moved strongly after the breakout and move higher. Altcoins and a few other coins had a strong up move. The index is now approaching the next big and key area of 60.75% - 60.97%. Therefore, do not jump into alts early until it taps and a rejection, which will add more confluence to the setup.
Price has also held above the True Market Mean, an estimate of the average price paid by active investors, since September 18. The mean sits at $77.2K, about 8% below price.
Over 2023-2025, stretches above both the True Market Mean and the Short-Term Holder Cost Basis marked the stronger phases of the uptrend, shaded green on the chart. The True Market Mean is the first support to watch: a daily close back below $77.2K would end the current stretch.
Over 2023-2025, stretches above both the True Market Mean and the Short-Term Holder Cost Basis marked the stronger phases of the uptrend, shaded green on the chart. The True Market Mean is the first support to watch: a daily close back below $77.2K would end the current stretch.
Trading Crypto Guide ™
#BTC made a sharp down move with yesterday's #CPI release. That was a quick dump in the market that took out the liquidity. Now, the market is floating in between and has to wait for the Weekly TF closing.
#BTC had a strong downward move, though the NY open news market had a recovery. Now the price has flipped the major area, taking it as support again for moving up. However, we must wait for the weekly closings too.
Last week, this report noted that spot volume had more than doubled from its August low. That rebound started from a very low base. Total Bitcoin volume, spot exchanges and US spot ETFs combined, averages about $6.4B a day and sits near the bottom of its range since the ETFs launched.
With so little volume behind it, the rally remains early and speculative, and broad demand has yet to arrive. A sustained rise in volume while price holds above the True Market Mean would signal that the uptrend is gaining wider support.
With so little volume behind it, the rally remains early and speculative, and broad demand has yet to arrive. A sustained rise in volume while price holds above the True Market Mean would signal that the uptrend is gaining wider support.
Trading Crypto Guide ™
#BITCOIN DAILY TF UPDATE: #BITCOIN dropped but held on the daily TF. Price did drop lower yesterday but recovered a little with the NY open. Well, the weekend is on, so moves can be limited unless news comes out of nowhere.
#BITCOIN DAILY TF UPDATE:
#BITCOIN slipped below strong support, quietly and slowly moving lower. Price kept dipping lower and rejecting upward. Price was rejecting from the minor area, but the main thing is that it is now below the key support. Looking for the weekly close to happen, then anticipate the next week's move. We have #FOMC at the end of this month too, so build-up might start from here.
#BITCOIN slipped below strong support, quietly and slowly moving lower. Price kept dipping lower and rejecting upward. Price was rejecting from the minor area, but the main thing is that it is now below the key support. Looking for the weekly close to happen, then anticipate the next week's move. We have #FOMC at the end of this month too, so build-up might start from here.
Trading Crypto Guide ™
#TOTAL UPDATE: #TOTAL was strongly rejected from the resistance area and the consolidation range. The index has returned to the support zone, which it is currently holding, showing signs of strength. Given this, the bullish structure suggests we can anticipate…
#TOTAL UPDATE:
#TOTAL had a deeper retracement, but also with a lot of rejection wick. The index is sustaining over it, showing the market is confident enough with buyers. Overall, #BTC and #TOTAL are forming a wedge pattern, so we can expect a breakout sooner, where we can anticipate the next leg up or down of the market.
#TOTAL had a deeper retracement, but also with a lot of rejection wick. The index is sustaining over it, showing the market is confident enough with buyers. Overall, #BTC and #TOTAL are forming a wedge pattern, so we can expect a breakout sooner, where we can anticipate the next leg up or down of the market.
The rally is lifting altcoin holders out of deep losses. For the median altcoin, Percent Supply in Profit has risen from 3% in mid-August to 23%, the sharpest rise in over a year.
Most altcoin holders are still at a loss, far from the broad profits seen at the 2021 and 2024 peaks. A move of the median above half would show that the recovery has reached most holders.
Most altcoin holders are still at a loss, far from the broad profits seen at the 2021 and 2024 peaks. A move of the median above half would show that the recovery has reached most holders.
Trading Crypto Guide ™
#BTC WEEKLY TF UPDATE: #BTC had a close above the zone, and after that shallow break, we have a strong down move, wiping the previous week's low. This kind of price action was already indicating in LTF, so nothing to worry about. Price even tapped into the…
Trading Crypto Guide ™
#DXY kept on rejecting the resistance multiple times and mostly going sideways. It is indeed having rejecting wicks, but overall the market is wrecked due to fluctuation. Overall, it is an issue until a breakout is confirmed.
#DXY tapped strongly and was rejected from the resistance area; it is now back at support. Momentum looks bullish and can continue, which is not good for altcoins. We already saw huge wiping moves in the market this week. Be cautious next week.
Total Bitcoin volume, spot exchanges and the US spot ETFs combined, runs at about $6.8B a day on a seven-day average. That is lower than on nine in ten days since January 2024, and far below the peaks of the past two years.
The push above $85K did not change this. Not one day since September 22 has traded a normal spot volume for its day of the week, and Sunday's close above the wall came on about half the volume of a normal Sunday. A rise in spot volume would be the first sign that buyers are coming back in size.
The push above $85K did not change this. Not one day since September 22 has traded a normal spot volume for its day of the week, and Sunday's close above the wall came on about half the volume of a normal Sunday. A rise in spot volume would be the first sign that buyers are coming back in size.
Trading Crypto Guide ™
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Here's the Analysis of #ARB :
#ARB rejected and moving sideways after getting rejected from the key resistance area of $0.22 - $0.23. With that price forming the small flag pattern or channel pattern in which breakout is pending. After a bullish or bearish break we can plan the trade and we can go with it.
#ARB rejected and moving sideways after getting rejected from the key resistance area of $0.22 - $0.23. With that price forming the small flag pattern or channel pattern in which breakout is pending. After a bullish or bearish break we can plan the trade and we can go with it.