Trading Crypto Compass
Bitcoin closed with strong bearish momentum and has retraced slightly. Price is likely to face rejection and could move further lower. New resistance sits at $115,000 with key resistance at $116,700-$117,000. A flip above these levels is required for bullish…
Bitcoin rejected from local resistance and formed a bearish engulfing candlestick 📉🔴. Despite this bearish signal 🐻, price has created minor liquidity and could still push higher toward the $116,700 resistance area 🎯📈💪.
The Exchange Buying Power metric tracks 30-day stablecoin inflows minus BTC/ETH outflows on exchanges:
Positive/Rising: More stablecoins flowing in than crypto flowing out = stronger buying power 💪📈
Negative/Falling: Less stablecoin inflows relative to crypto = weaker buying power 📉💸
The market is transitioning away from strong stablecoin inflow periods, suggesting liquidity rotation from stablecoins into major assets. If sustained, this deployment of stablecoin capital could support higher crypto valuations 🚀💰.
Positive/Rising: More stablecoins flowing in than crypto flowing out = stronger buying power 💪📈
Negative/Falling: Less stablecoin inflows relative to crypto = weaker buying power 📉💸
The market is transitioning away from strong stablecoin inflow periods, suggesting liquidity rotation from stablecoins into major assets. If sustained, this deployment of stablecoin capital could support higher crypto valuations 🚀💰.
Trading Crypto Compass
Bitcoin rejected from local resistance and formed a bearish engulfing candlestick 📉🔴. Despite this bearish signal 🐻, price has created minor liquidity and could still push higher toward the $116,700 resistance area 🎯📈💪.
Bitcoin's direction remains unclear with sideways price action while holding local support 🤔📊.
$112,000 and $115,000 are the key breakout levels that will determine market bias - watch these zones for directional confirmation 🎯👀.
$112,000 and $115,000 are the key breakout levels that will determine market bias - watch these zones for directional confirmation 🎯👀.
Trading Crypto Compass
#BTC.D UPDATE : #BTC.D had a huge drop in prices and some altcoins have strong moves. Still most of the alts are having small moves or consolidation happening. Right now, its sitting on the support zone around 60.5% and likely to have the minor reaction.…
As Bitcoin’s market capitalization expands, increasingly larger capital inflows are required to meaningfully move its valuation. Therefore, the final demand vector we can assess is that coming from institutions, best reflected through net flows into the US Spot Bitcoin ETFs.
Aggregate net inflows have been accelerating in recent weeks, reaching a 7-day average peak of +$298 million. This sustained and sizeable buy-side pressure is a constructive signal, highlighting growing institutional engagement at scale.
Aggregate net inflows have been accelerating in recent weeks, reaching a 7-day average peak of +$298 million. This sustained and sizeable buy-side pressure is a constructive signal, highlighting growing institutional engagement at scale.
Trading Crypto Compass
Bitcoin's direction remains unclear with sideways price action while holding local support 🤔📊. $112,000 and $115,000 are the key breakout levels that will determine market bias - watch these zones for directional confirmation 🎯👀.
Bitcoin hasn't moved much but formed liquidity above at the $115,700 area 💧📊. Price action is very corrective - any upward move might just be a liquidity grab 🎣⚠️.
Need some higher timeframe candle closes for confirmation 🕯.
Need some higher timeframe candle closes for confirmation 🕯.
Trading Crypto Compass
#PENGU ANALYSIS : #PENGU is now on a correction phrase after that huge rally up, and reached out the intermediate support zone $0.032 - $0.033 and this zone might break soon, due to market conditions. You can go some shorting on this after the break.
#PENGU made a new consolidation range and seems to be tight range now. Alerts on break now and we might see some strong move out of it once a breakout. Take the setup after the HTF candle closes.
#TRUMP WILL SIGN AN EXECUTIVE ORDER THURSDAY THAT AIMS TO ALLOW PRIVATE EQUITY, REAL ESTATE, CRYPTOCURRENCY & OTHER ALTERNATIVE ASSETS IN 401(K)S
BULLISH MOVE EXPECTATION
Bitcoin hit a new ATH of $122.6k before pulling back to $115.9k as selling pressure emerged 📉💰. The rejection at $120k aligns with +1 standard deviation above Short-Term Holder cost basis - a historical resistance level 🚧📊.
Next major target: +2 standard deviation band around $136k 🎯🚀.
Bitcoin hit a new ATH of $122.6k before pulling back to $115.9k as selling pressure emerged 📉💰. The rejection at $120k aligns with +1 standard deviation above Short-Term Holder cost basis - a historical resistance level 🚧📊.
Next major target: +2 standard deviation band around $136k 🎯🚀.
Trading Crypto Compass
Bitcoin hasn't moved much but formed liquidity above at the $115,700 area 💧📊. Price action is very corrective - any upward move might just be a liquidity grab 🎣⚠️. Need some higher timeframe candle closes for confirmation 🕯.
#Bitcoin reclaimed $117,000 with a higher timeframe close above resistance 📈✅. However, price remains within the key rejection wick zone ⚠️🕯.
Current dip might be a retracement - need to watch how price performs as the weekend approaches with potentially lower volume 📉📊🔄.
Current dip might be a retracement - need to watch how price performs as the weekend approaches with potentially lower volume 📉📊🔄.
Trading Crypto Compass
#MEME Analysis: #MEME has formed a large consolidation range between support at $0.00142-$0.00146 and resistance at $0.00214-$0.00218 📊📈. Price action is very choppy with expectation of a fall back toward support and potential breakdown soon 📉⚠️.
#MEME formed a bear flag pattern and might drop toward support 🐻📉. Shorting opportunities look good after a break below the flag ⬇️🎯.
Only consider longs after a higher timeframe candle close for confirmation ✅🕯.
Only consider longs after a higher timeframe candle close for confirmation ✅🕯.
Trading Crypto Compass
Bitcoin Daily Update: Bitcoin finally broke below its daily support zone after extended consolidation. The dump was triggered by strong tariff news and fundamental events. Price is now trading between key levels with no clear direction. Need to wait for…
Bitcoin Daily Update:
Bitcoin retraced the entire week but managed to close above resistance on the daily timeframe 📈✅. Hoping for more bullish moves ahead 🚀💪.
The only concern is the current level remains a heavy rejection zone - need to watch for follow-through ⚠️🔴.
Bitcoin retraced the entire week but managed to close above resistance on the daily timeframe 📈✅. Hoping for more bullish moves ahead 🚀💪.
The only concern is the current level remains a heavy rejection zone - need to watch for follow-through ⚠️🔴.
Trading Crypto Compass
#DXY UPDATE : #DXY failed to push lower and had some strong fake out in daily TF. Weekly TF shows a huge rejection wick and might move further lower. But Daily looks bullish so, take alternative things in mind too.
DXY Update:
DXY moved lower as expected and is nearly reaching major support area 📉🎯. Similar situation could unfold with a potential bounce from here 🔄📈.
Keep eyes on the Dollar Index and take crypto setups accordingly 👀💵.
DXY moved lower as expected and is nearly reaching major support area 📉🎯. Similar situation could unfold with a potential bounce from here 🔄📈.
Keep eyes on the Dollar Index and take crypto setups accordingly 👀💵.