JUST IN: 🇺🇸 Fed Chair Jerome Powell says economic growth before the government shutdown may be better than expected.
#BTC DOMINANCE ANALYSIS
BTC Dominance has broken down from the rising wedge pattern with significant volume and has successfully retested the breakdown level.
Currently, it is trading below the Ichimoku Cloud, which is acting as a resistance barrier above the price action.
This setup suggests the potential for a further decline in BTC Dominance, favoring altcoin strength in the market.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
BTC Dominance has broken down from the rising wedge pattern with significant volume and has successfully retested the breakdown level.
Currently, it is trading below the Ichimoku Cloud, which is acting as a resistance barrier above the price action.
This setup suggests the potential for a further decline in BTC Dominance, favoring altcoin strength in the market.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within the ascending triangle pattern, currently trading above the support trendline.
The 50MA and the Ichimoku Cloud are acting as strong support, indicating underlying bullish strength.
From this level, a bounce could lead to upward momentum, while a breakdown below the pattern may trigger a downward move.
Bitcoin is consolidating within the ascending triangle pattern, currently trading above the support trendline.
The 50MA and the Ichimoku Cloud are acting as strong support, indicating underlying bullish strength.
From this level, a bounce could lead to upward momentum, while a breakdown below the pattern may trigger a downward move.
#PHB/USDT BUY SETUP
PHB is rebounding from the horizontal demand zone, showing strong buying interest at this level. Currently, it looks ready for an aggressive bullish rally. 🚀
PHB is rebounding from the horizontal demand zone, showing strong buying interest at this level. Currently, it looks ready for an aggressive bullish rally. 🚀
JUST IN: 🇺🇸 Federal Reserve Governor Stephen Miran says two more interest rate cuts this year is realistic.
US Approves Erebor Bank, The CryptoBank Backed By Palmer Lucky And Peter Thiel: FT
#ALTS MARKET CAP ANALYSIS
The ALTS market cap is facing rejection from the horizontal main supply zone of the ascending triangle pattern.
The Ichimoku Cloud is acting as a strong support below the pattern. From this level, we may see a short-term correction in the altcoin market.
However, a breakout above the pattern will confirm a bullish rally ahead.
The ALTS market cap is facing rejection from the horizontal main supply zone of the ascending triangle pattern.
The Ichimoku Cloud is acting as a strong support below the pattern. From this level, we may see a short-term correction in the altcoin market.
However, a breakout above the pattern will confirm a bullish rally ahead.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within the descending triangle pattern, with the Ichimoku Cloud acting as a resistance barrier above the price action. We need to wait for a breakout or breakdown of the pattern to confirm the next directional move in the market.
Bitcoin is consolidating within the descending triangle pattern, with the Ichimoku Cloud acting as a resistance barrier above the price action. We need to wait for a breakout or breakdown of the pattern to confirm the next directional move in the market.
#BB/USDT ANALYSIS
BB is consolidating within a descending broadening wedge, trading below the 21MA and 50MA, both serving as resistance barriers. A breakout above these moving averages and the pattern would confirm a bullish reversal.
BB is consolidating within a descending broadening wedge, trading below the 21MA and 50MA, both serving as resistance barriers. A breakout above these moving averages and the pattern would confirm a bullish reversal.
#TOTAL MARKET CAP ANALYSIS
The total crypto market cap is facing rejection from the resistance trendline of the rising wedge pattern.
Currently, it is trading above the marked horizontal S/R level, where a potential recovery can be expected.
The Ichimoku Cloud is acting as a strong support below the pattern, reinforcing bullish sentiment.
However, if the market loses this key S/R level, further correction in the crypto market could follow.
The total crypto market cap is facing rejection from the resistance trendline of the rising wedge pattern.
Currently, it is trading above the marked horizontal S/R level, where a potential recovery can be expected.
The Ichimoku Cloud is acting as a strong support below the pattern, reinforcing bullish sentiment.
However, if the market loses this key S/R level, further correction in the crypto market could follow.
#BTC/USDT ANALYSIS
Bitcoin is rebounding from the support trendline of the falling wedge pattern. The Ichimoku Cloud is acting as a resistance barrier above the wedge.
A solid breakout of the pattern will confirm a bullish trend, while a breakdown below the support trendline would invalidate the pattern and could lead to further correction in the market.
Bitcoin is rebounding from the support trendline of the falling wedge pattern. The Ichimoku Cloud is acting as a resistance barrier above the wedge.
A solid breakout of the pattern will confirm a bullish trend, while a breakdown below the support trendline would invalidate the pattern and could lead to further correction in the market.
JUST IN: 🇺🇸🇨🇳 President Trump says he believes "we'll be fine with China."