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#BTC/USDT.P Analysis:
BTC has reversed precisely from its all-time high, dropping by more than 8%. This selling pressure appears to be linked to uncertainty surrounding the US presidential election.
Let's closely monitor the market’s response to the election results, as it could significantly influence Bitcoin next move.
#FXS/USDT analysis :
#FXS is currently in a downtrend and is expected to maintain its bearish momentum. For a short entry, wait for the price to break the current support zone, entering on a break below the $1.814 level. The previous lows will serve as target levels.
TF : 15min
Entry : $1.814
Target : $1.797
SL : $1.826
BTC LONG/SHORT Ratio Analysis:
BTC’s Long/Short Ratio of 1.1299 aligns with a swing low formed 12 hours ago, initiating bullish momentum. This suggests cautious optimism in the market, with more traders leaning long, likely in response to the recent price bounce.
If the uptrend holds, the slightly bullish ratio could support further gains. However, a reversal or price stagnation could still trigger liquidations from leveraged longs, so watching price action closely remains key.
#PORTO/USDT analysis :
#PORTO is in an uptrend, consistently making new highs. The price is expected to maintain its bullish momentum and test higher levels. For a long entry, it is advisable to wait for a pullback and a test of the support zone.
TF : 4h
Entry : $1.936
Target : $2.576
SL : $1.743
#BITCOIN Analysis:
According to the historical data, whenever Bitcoin closes positive in both September and October then November and December tend to be bullish overall. Let’s see if this pattern repeats as it did in 2015, 2016, and 2023.
#ADX/USDT analysis :
#ADX is currently in an uptrend, making new highs while trading above the 200 EMA and the support zone. The price is anticipated to resume its bullish momentum and test the previous swing high. Look for a pullback for a long entry.
TF : 4H
Entry : $0.1659
Target : $0.1934
SL : $0.1550
#RAD/USDT analysis :
#RAD has broken out and retested the previous support levels. It is expected to reject from the current level and test lower levels.
TF : 1h
Entry : $1.209
Target : $1.127
SL : $1.268
#TOTAL Analysis:
The TOTAL crypto market cap has broken out of its downtrend. After the breakout, it retested the trendline and then broke through the previous swing high, suggesting a potential upward move in the coming days.
Crypto Fear & Greed Index: 77.
Yesterday, the index was 72.
When the index surpasses 90, it signals a red flag, indicating a potential reversal at any moment.
When the index falls below 10, it suggests a green light, implying a potential reversal at any moment.
Note: This indicator reflects the overall market sentiment.
#SYS/USDT analysis :
#SYS is currently consolidating sideways within the support zone and is expected to rebound from this level, potentially testing previous highs. It is advisable to wait for a pullback to establish a long position.
TF : 1D
Entry : $0.0964
Target : $0.1257
SL : $0.0822
BTC Returns to the U.S.
After the recent address update, an important fact came to light. BTC has returned to the United States.
Prices are currently rising along with BTC volume.
Crypto Fear & Greed Index: 72
Yesterday, the index was 72.
When the index surpasses 90, it signals a red flag, indicating a potential reversal at any moment.
When the index falls below 10, it suggests a green light, implying a potential reversal at any moment.
Note: This indicator reflects the overall market sentiment.
#WAXP/USDT analysis :
#WAXP is currently in a downtrend, trading below the 200 EMA. The price is forming lower lows (LLs) and lower highs (LHs) while encountering resistance from the trendline. It is likely that the price will continue this structure and test lower levels.
TF : 1h
Entry : $0.03112
Target : $0.02897
SL : $0.03252
#BTC/USDT.P Analysis:
Bitcoin has broken out and retested the breakout level. It is now heading toward the swing high, with a high probability of reaching its all-time high.
#OP/USDT analysis :
#OP is currently forming a continuation pattern within a downtrend. The price has broken previous lows, and it is anticipated that it will continue its bearish momentum. It is advisable to wait for a pullback to the identified zone for a short entry, as the previous swing low is expected to be tested.
TF : 1D
Entry : $1.493
Target : $1.076
SL : $1.773
#HIGH/USDT analysis :
#HIGH is currently in a downtrend, characterized by the formation of lower lows (LLs) and lower highs (LHs) below the 200 EMA. The price is currently experiencing a retracement towards this zone and is expected to face rejection, continuing its decline to test the previous lows.
TF : 15min
Entry : $1.180
Target : $1.120
SL : $1.222
#FLUX/USDT analysis :
#FLUX is currently in a downtrend, forming lower lows (LLs) and lower highs (LHs) below the 200 EMA. The price is rejecting from the resistance zone and is expected to decline further, maintaining its bearish momentum and potentially testing lower levels. Wait for pullback for short entry.
TF : 4h
Entry : $0.5124
Target : $0.4521
SL : $0.5531
#JASMY/USDT analysis :
#JASMY is currently in a downtrend, demonstrating a structure of lower lows (LLs) and lower highs (LHs) below the 200 EMA. The price has broken through the previous support zone, which has now become resistance. Therefore, it is anticipated that the price will continue its bearish momentum and potentially test lower levels. It is advisable to wait for a retest of the zone for a short entry.
TF : 4h
Entry : $0.01827
Target : $0.01601
SL : $0.01980
Crypto Fear & Greed Index: 75.
Yesterday, the index was 77.
When the index surpasses 90, it signals a red flag, indicating a potential reversal at any moment.
When the index falls below 10, it suggests a green light, implying a potential reversal at any moment.
Note: This indicator reflects the overall market sentiment.
#MOVR/USDT analysis :
#MOVR is currently experiencing a downtrend, consistently making new lows while trading below the 200-day exponential moving average (EMA). The price is facing rejection at the resistance zone, and it is expected to maintain its bearish momentum as it tests lower price levels.
TF : 1D
Entry : $9.118
Target : $6.113
SL : $11.002
#LAZIO/USDT analysis :
#LAZIO is currently trading above the support zone, and the overall trend remains bullish, with the price positioned above the 200 EMA. It is anticipated that the price will continue to rise and test previous highs. For a long entry, it is advisable to wait for a pullback.
TF : 1H
Entry : $1.829
Target : $2.064
SL : $1.704
#AGLD/USDT analysis :
#AGLD is forming lower lows (LLs) and lower highs (LHs), currently trading near the resistance zone. The price is expected to decline from this level and test previous lows. For a short entry, it is advisable to wait for a break below the $1.047 level.
TF : 1h
Entry : $1.047
Target : $0.972
SL : $1.099
Crypto Fear & Greed Index: 77.
Yesterday, the index was 72.
When the index surpasses 90, it signals a red flag, indicating a potential reversal at any moment.
When the index falls below 10, it suggests a green light, implying a potential reversal at any moment.
Note: This indicator reflects the overall market sentiment.
BTC LONG/SHORT Ratio Analysis:
If Bitcoin breaks its all-time high with a long/short ratio around 0.9566, the setup could trigger some significant up move due to a potential short squeeze.
Since there are more short positions (even if only slightly), a breakout above the all-time high could lead to rapid short covering. Traders who are short would need to buy back BTC to cover their positions, pushing prices even higher.
#BTCUSDT.P Analysis:
As predicted, Bitcoin has increased by over 4.8% from the breakout level and is now just 1.24% away from its all-time high.
#DYDX/USDT analysis :
#DYDX has broken through the trendline after bouncing back from the support zone. The price is expected to maintain its bullish momentum and test higher levels moving forward.
TF : 4H
Entry : $1.0456
Target : $1.2576
SL : $0.8977
#BTCUSDT.P Analysis:
As predicted, Bitcoin broke the swing high.
Now, let's see if it reaches an all-time high.
BTC Long/Short ratio analysis:
The BTC long/short ratio is currently at 1.05, which means there are slightly more long positions than short ones in the market. This ratio can provide insights into trader sentiment. When the ratio is close to 1.0, it indicates a fairly balanced stance between bullish (long) and bearish (short) positions. A higher ratio might suggest more bullish sentiment, while a lower ratio would indicate bearish sentiment.
At 1.05, Bitcoin traders show a slight bias toward the upside, but it’s not overwhelmingly bullish, which could indicate a cautious optimism among market participants.
Bitcoin's short-term Sharpe ratio is currently 6.91, showing strong risk-adjusted returns.
However, it still has a long way to go before reaching 60, a level that would signify extraordinary, sustained returns relative to risk and we can hold till it reaches 60.