BTCUSD Update
- Price action is bored
- Volume has stabilized
- Respecting the channel but it look moving towards support line
49k/50k is still a key level/support to hold. I'm expecting this boring market will be ended before mid October.
https://www.tradingview.com/x/SSR7SGz1/
Telegram CEO Pavel Durov released from French custody and will appear in court
https://www.theblock.co/post/313544/telegram-ceo-pavel-durov-released-from-french-custody-and-will-appear-in-court-report
$DOGS is trading on Binance now!
https://www.binance.com/en/trade/DOGS_USDT?type=spot
$XAI breakout and retest confirmed. Nex leg up is expected!
https://www.tradingview.com/x/q0UjBMHf/
#Bitcoin is just fine and altcoins are currently correcting and gearing for a next leg up. Nothing to be worried IMO
Читать полностью…BTC futures basis has completely bled out from 30% earlier this year to ~5% now.
The bottom is in!
#Bitcoin Considering it's a bullish pennant
https://www.tradingview.com/x/ZbyTpHGo/
As said these movements look like shit tho -- stay away from trading is highly recommended.
Читать полностью…I think the altcoins bottom is close to us. In my opinion 61~64% would be the top of #dominance during this cycle.
When the #dominance topped out, the altcoins bottom is in.
https://www.tradingview.com/x/AAGAdenY/
Digital asset investment products saw outflows totalling $305m last week, with widespread negative sentiment evident across various providers and regions.
The negative sentiment was focussed on Bitcoin, seeing $319m in outflows.
#Bitcoin is forming a giant "Descending Channel" Which you suggest it a bearish or bullish pattern?
https://www.tradingview.com/x/boEURnmi/
Bitcoin Dominance has surged from 38% in Nov 2022 to a notable 56% today. Meanwhile, Ethereum, the second-largest asset, saw its dominance decline by 1.5%, remaining relatively stable over the past two years.
In contrast, Stablecoins and the broader Altcoin sector experienced more significant declines of 9.9% and 5.9%, respectively.
🟠Bitcoin Dominance: 38.7% (Nov 2022) —> 56.2% (Current)
🔵Ethereum Dominance 16.8% —> 15.2%
🟢Stablecoin Dominance 17.3% —> 7.4%
🟣Altcoin Dominance 27.2% —> 21.3%
2Q24 13-F filings for US spot Bitcoin ETFs revealed a rise in institutional inflows
Читать полностью…#Bitcoin is forming a triangle but it's hard to say what's next move due to the current instability in the market. This means we should just sit back and watch until the situation brightens up.
Key level to watch:
Resistance; 62,8 ~ 63,2k
Support; 56,9 ~ 57,3k
https://www.tradingview.com/x/gdhiULPh/