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Ethereum(ETH) Surpasses 3,500 USDT with a 0.96% Increase in 24 Hours
On Jul 17, 2024, 01:17 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,500 USDT benchmark and is now trading at 3,509.810059 USDT, with a narrowed 0.96% increase in 24 hours.
On Jul 17, 2024, 01:17 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,500 USDT benchmark and is now trading at 3,509.810059 USDT, with a narrowed 0.96% increase in 24 hours.
$SLP can be considered in #SHORT 📉
Locally, the coin behaves quite weakly + even if there is a wave structure formation, the foursquare can go strongly lower.
I enter on working volume at 0.00328$ and wait for a slight decline with the formation of a wedge or descending channel.
Targets: 0.003212$ - 0.003152$ - 0.003085$ ✅
Stop: 0.003453$ 🚫
#Square #SLP/USDT $SLP
Locally, the coin behaves quite weakly + even if there is a wave structure formation, the foursquare can go strongly lower.
I enter on working volume at 0.00328$ and wait for a slight decline with the formation of a wedge or descending channel.
Targets: 0.003212$ - 0.003152$ - 0.003085$ ✅
Stop: 0.003453$ 🚫
#Square #SLP/USDT $SLP
📊 ETH Analysis - Nov 29
ETH continues to accumulate volumes in the range of $2000 - $2125. Despite increasing highs, the upper boundary of this range still poses strong resistance.
Note that after breaking the descending channel, highlighted in the previous review, we have seen an unsuccessful retest from above.
Analyzing the volume profile, it's clear that selling pressure is gradually decreasing. So, following a brief accumulation phase, I anticipate a new attempt to surpass the $2125 level.
💡 Breaking the $2125 mark and establishing above would serve as a strong signal for a short-term ETH trade, targeting slightly above $2,300.
#ETH #cryptocurreny $ETH
ETH continues to accumulate volumes in the range of $2000 - $2125. Despite increasing highs, the upper boundary of this range still poses strong resistance.
Note that after breaking the descending channel, highlighted in the previous review, we have seen an unsuccessful retest from above.
Analyzing the volume profile, it's clear that selling pressure is gradually decreasing. So, following a brief accumulation phase, I anticipate a new attempt to surpass the $2125 level.
💡 Breaking the $2125 mark and establishing above would serve as a strong signal for a short-term ETH trade, targeting slightly above $2,300.
#ETH #cryptocurreny $ETH
📊 BTCDOM Analysis - identifying the current market trend
Bitcoin dominance continues its correction in a descending structure, with each resistance retest proving unsuccessful - just today, it faced rejection from a key level.
At present, it's evident that the momentum is still expanding. Considering Elliott Wave theory, we've completed the final diagonal in wave 5, and the indicator is gearing up for further correction.
One observation stands out – the true altseason has yet to kick in. The early-month 1.5% drop in dominance coincided with strong pumps in the altcoin market, with the indicator still hovering at the peaks at that time. Now, it's ready to dip below 50%.
We've discussed the impact of falling BTC dominance on the market multiple times. So, I'm actively seeking fundamentally strong altcoins to open the trades before the upcoming wave.
❗️ Important - the decline in dominance aligns with a flat and accumulation in BTC. It's a crucial point - the overall market trend remains on the rise.
#BTC $BTC
Bitcoin dominance continues its correction in a descending structure, with each resistance retest proving unsuccessful - just today, it faced rejection from a key level.
At present, it's evident that the momentum is still expanding. Considering Elliott Wave theory, we've completed the final diagonal in wave 5, and the indicator is gearing up for further correction.
One observation stands out – the true altseason has yet to kick in. The early-month 1.5% drop in dominance coincided with strong pumps in the altcoin market, with the indicator still hovering at the peaks at that time. Now, it's ready to dip below 50%.
We've discussed the impact of falling BTC dominance on the market multiple times. So, I'm actively seeking fundamentally strong altcoins to open the trades before the upcoming wave.
❗️ Important - the decline in dominance aligns with a flat and accumulation in BTC. It's a crucial point - the overall market trend remains on the rise.
#BTC $BTC
📊 ETH Analysis - Nov 23.
During the corrective movement, sellers failed to establish new local lows, and ETH quickly returned within the boundaries of the upward structure.
Note that on higher time frames, ETH has secured itself above the descending parallel channel I highlighted in the previous analysis and has already tested it from the top.
Looking at the volume profile, it's evident that selling pressure continues to weaken. In the near future, I expect a continuation of the uptrend in the altcoin market (including ETH) during accumulation in BTC market.
💭 As before, a breakthrough above $2125 with a confident 1D candle close will open the path for buyers towards $2300.
#ETH $ETH $BTC #Cryotonews
During the corrective movement, sellers failed to establish new local lows, and ETH quickly returned within the boundaries of the upward structure.
Note that on higher time frames, ETH has secured itself above the descending parallel channel I highlighted in the previous analysis and has already tested it from the top.
Looking at the volume profile, it's evident that selling pressure continues to weaken. In the near future, I expect a continuation of the uptrend in the altcoin market (including ETH) during accumulation in BTC market.
💭 As before, a breakthrough above $2125 with a confident 1D candle close will open the path for buyers towards $2300.
#ETH $ETH $BTC #Cryotonews
📊 ETH Analysis - Nov 20.
With the beginning of the workweek, volumes have increased, and buyers have confidently returned the top altcoin market above support levels.
Examining ETH, we see the coin has closed higher on the 1D, and showing growing dynamics on lower time-frames, attempting to break the descending parallel channel.
Unsuccessful retest of this channel from above would confirm the local uptrend.
👨🏻🎓 As mentioned in my previous analyses, as long as ETH is trading above $2,000, a move towards $2,125, with the potential for fresh highs remains the priority.
#ETH #cyptoanalysis $ETH
With the beginning of the workweek, volumes have increased, and buyers have confidently returned the top altcoin market above support levels.
Examining ETH, we see the coin has closed higher on the 1D, and showing growing dynamics on lower time-frames, attempting to break the descending parallel channel.
Unsuccessful retest of this channel from above would confirm the local uptrend.
👨🏻🎓 As mentioned in my previous analyses, as long as ETH is trading above $2,000, a move towards $2,125, with the potential for fresh highs remains the priority.
#ETH #cyptoanalysis $ETH
📊 BTC Analysis - 19 Nov.
Note how market sentiments can shift really fast.
The short-term (❗️) consolidation has significantly affected the overall mood. There is mostly gloom among traders. We see limited spot purchases, many are waiting for a downturn, and few believe in the continued bullish trend.
Markets often defy popular expectations. By signaling an imminent downturn and forcing crowd into short positions, MM is able to push prices upward again.
Meanwhile, the news background and technical picture remain extremely bullish - more large funds are entering the market, and the volume of major over-the-counter (OTC) transactions is increasing.
💡 I assume that the accumulation period may persist in the medium term, clearing out a maximum number of weak positions from the market before the rally continues.
#WhaleAlert #BTC #cyptoanalysis $BTC
Note how market sentiments can shift really fast.
The short-term (❗️) consolidation has significantly affected the overall mood. There is mostly gloom among traders. We see limited spot purchases, many are waiting for a downturn, and few believe in the continued bullish trend.
Markets often defy popular expectations. By signaling an imminent downturn and forcing crowd into short positions, MM is able to push prices upward again.
Meanwhile, the news background and technical picture remain extremely bullish - more large funds are entering the market, and the volume of major over-the-counter (OTC) transactions is increasing.
💡 I assume that the accumulation period may persist in the medium term, clearing out a maximum number of weak positions from the market before the rally continues.
#WhaleAlert #BTC #cyptoanalysis $BTC
🐋 What coins had the highest whale buying recently?
Ripple (XRP): Between November 12th and 15th, addresses with balances ranging from 1m to 100m XRP added 90 million tokens (~$60 million) to their reserves - [link].
ApeCoin (APE): From October 26th to November 10th, investors with balances between 1m and 10m APE increased their holdings by another 10 million tokens (~$13 million) - [link].
FTX Token (FTT): Following Gary Gensler's announcement on the potential reboot of FTX on November 9th, the number of daily transactions for $50k+ soared to a new maximum of 95. Although this figure has slightly decreased, the trend continues - [link].
Against the backdrop of an improving macroeconomic environment and positive news releases, major players are accumulating positions in altcoins.
👨🏫 While this doesn't guarantee a sharp price increase for these coins in the short term, what's crucial here is the dynamics. The shift in interest signals whales are preparing for a strong altseason.#
#XRP $XRP #Binance #cryptonews
Ripple (XRP): Between November 12th and 15th, addresses with balances ranging from 1m to 100m XRP added 90 million tokens (~$60 million) to their reserves - [link].
ApeCoin (APE): From October 26th to November 10th, investors with balances between 1m and 10m APE increased their holdings by another 10 million tokens (~$13 million) - [link].
FTX Token (FTT): Following Gary Gensler's announcement on the potential reboot of FTX on November 9th, the number of daily transactions for $50k+ soared to a new maximum of 95. Although this figure has slightly decreased, the trend continues - [link].
Against the backdrop of an improving macroeconomic environment and positive news releases, major players are accumulating positions in altcoins.
👨🏫 While this doesn't guarantee a sharp price increase for these coins in the short term, what's crucial here is the dynamics. The shift in interest signals whales are preparing for a strong altseason.#
#XRP $XRP #Binance #cryptonews
📊 BNB Analysis - Nov 17.
With the market downturn, BNB has also experienced a correction to the $240 support level, forming a parallel consolidation channel.
Based on on-chain movements, significant holders are buying near the lower channel boundary, increasing their positions before the continuation of the bullish trend. Meanwhile, seller volumes continue to decrease.
Over the past few weeks, the market has experienced notable overbuying, particularly evident in the RSI. Nevertheless, the indicator has now shifted into the neutral zone, showing substantial potential for growth.
💡 If BNB manages to hold above $240, I anticipate a return to the upper channel boundary with an attempt to establish above this mark and move towards $280.
#BNB🔥 $BNB #CryptoTrend
With the market downturn, BNB has also experienced a correction to the $240 support level, forming a parallel consolidation channel.
Based on on-chain movements, significant holders are buying near the lower channel boundary, increasing their positions before the continuation of the bullish trend. Meanwhile, seller volumes continue to decrease.
Over the past few weeks, the market has experienced notable overbuying, particularly evident in the RSI. Nevertheless, the indicator has now shifted into the neutral zone, showing substantial potential for growth.
💡 If BNB manages to hold above $240, I anticipate a return to the upper channel boundary with an attempt to establish above this mark and move towards $280.
#BNB🔥 $BNB #CryptoTrend
📊 BTC Analysis - Nov 16.
Recent downward movements have been completely absorbed - BTC has returned to previous highs, preventing sellers from deeper correction.
This gives a strong signal of buyer dominance on higher timeframes. In the long term, conditions also support growth - the upcoming halving, setbacks in SEC's charges, and rising interest in exchange-traded crypto funds from major players.
I'm making buying activities the top priority. This doesn't mean diving headfirst into any random coins, but fundamentally strong projects are likely to perform well.
🔍 I continue to search for profitable opportunities in such a market. As always, I will share my positions with you!
#BTC $BTC #crypto
Recent downward movements have been completely absorbed - BTC has returned to previous highs, preventing sellers from deeper correction.
This gives a strong signal of buyer dominance on higher timeframes. In the long term, conditions also support growth - the upcoming halving, setbacks in SEC's charges, and rising interest in exchange-traded crypto funds from major players.
I'm making buying activities the top priority. This doesn't mean diving headfirst into any random coins, but fundamentally strong projects are likely to perform well.
🔍 I continue to search for profitable opportunities in such a market. As always, I will share my positions with you!
#BTC $BTC #crypto
📊 ETH Analysis - Nov 15
After reaching annual highs, the market has undergone the expected correction. Meanwhile, on the higher time frames it maintained a bullish structure.
Take note of the ETH chart - the price swiftly bounced back to $2000 mark, and buyers are currently attempting to close a 4H candle above this level. If successful, we might witness a renewed push towards $2125.
Both the macroeconomic landscape (discussed in the previous post) and technical indicators hint at the continuation of the uptrend - RSI has exited the overbought zone, and the MA has provided strong support on 1D.
💡 I anticipate a brief accumulation phase with the prospect of further highs in the medium term.
#ETH $ETH
After reaching annual highs, the market has undergone the expected correction. Meanwhile, on the higher time frames it maintained a bullish structure.
Take note of the ETH chart - the price swiftly bounced back to $2000 mark, and buyers are currently attempting to close a 4H candle above this level. If successful, we might witness a renewed push towards $2125.
Both the macroeconomic landscape (discussed in the previous post) and technical indicators hint at the continuation of the uptrend - RSI has exited the overbought zone, and the MA has provided strong support on 1D.
💡 I anticipate a brief accumulation phase with the prospect of further highs in the medium term.
#ETH $ETH
📊 Market Analysis - Nov 14.
While the market continues to show a smooth unload of BTC indicators and strong price action in the altcoin market, today saw another crucial macroeconomic update:
Inflation in the US decreased to 3.2%, compared to the forecasted 3.3% and the previous 3.7%.
❓ Why is this important?
Although we observe a reaction on smaller timeframes, we'll see the real impact in the mid-term. Inflation itself cannot directly impact cryptocurrency prices. However, it's crucial to remember that the Federal Reserve makes decisions on interest rates based on inflation metrics.
Note that the inflation decrease in late summer led to the pause in rate hikes (since July, it has remained at 5.5%) followed by an uptrend at the crypto market. 💁♂️ In the current situation, leading up to the December Fed meeting, we might witness BTC surpassing $40,000.
#BTC $BTC
While the market continues to show a smooth unload of BTC indicators and strong price action in the altcoin market, today saw another crucial macroeconomic update:
Inflation in the US decreased to 3.2%, compared to the forecasted 3.3% and the previous 3.7%.
❓ Why is this important?
Although we observe a reaction on smaller timeframes, we'll see the real impact in the mid-term. Inflation itself cannot directly impact cryptocurrency prices. However, it's crucial to remember that the Federal Reserve makes decisions on interest rates based on inflation metrics.
Note that the inflation decrease in late summer led to the pause in rate hikes (since July, it has remained at 5.5%) followed by an uptrend at the crypto market. 💁♂️ In the current situation, leading up to the December Fed meeting, we might witness BTC surpassing $40,000.
#BTC $BTC
📊 BTC Analysis - Nov 13.
Over the weekend, BTC didn't show significant volatility, spending these days in a narrow range of $37,300 to $36,900. As Monday approached, volumes slightly increased, but a clear local trend is yet to be determined.
At the moment, the market is in an accumulation phase, with major players continuing to move coins to illiquid (cold) wallets at a rate of ~71,000 BTC per month.
Given the current situation, it can be affirmed that the long-term trend remains bullish. Despite a potential local correction, I anticipate BTC to climb to new highs for this year in the coming weeks.
📈 To demonstrate a rise to $40,000, buyers need to restore the momentum impulse and break through the horizontal resistance at $38,000. A sustained move above this level will serve as strong bullish confirmation.
#BTC #CryptoClimb $BTC
Over the weekend, BTC didn't show significant volatility, spending these days in a narrow range of $37,300 to $36,900. As Monday approached, volumes slightly increased, but a clear local trend is yet to be determined.
At the moment, the market is in an accumulation phase, with major players continuing to move coins to illiquid (cold) wallets at a rate of ~71,000 BTC per month.
Given the current situation, it can be affirmed that the long-term trend remains bullish. Despite a potential local correction, I anticipate BTC to climb to new highs for this year in the coming weeks.
📈 To demonstrate a rise to $40,000, buyers need to restore the momentum impulse and break through the horizontal resistance at $38,000. A sustained move above this level will serve as strong bullish confirmation.
#BTC #CryptoClimb $BTC
📊 ETH Analysis - Nov 11.
On a positive news background, ETH buying volume have doubled in the past week, and we already see it's influence on the price.
Take note – the coin encountered resistance at $2130, a level that has held the price for over a year and a half. Currently, it looks like buyers have enough strength to break this structure.
Considering the overall market dynamics, I believe that in the short term, ETH will secure itself above $2130 and target the next level of interest at $2355.
💡 Keep an eye on $2130. A confident breakthrough will signal the opening of a speculative trade with targets around $2355 and $2505.
#ETH $ETH #CryptoNews🔒📰🚫
On a positive news background, ETH buying volume have doubled in the past week, and we already see it's influence on the price.
Take note – the coin encountered resistance at $2130, a level that has held the price for over a year and a half. Currently, it looks like buyers have enough strength to break this structure.
Considering the overall market dynamics, I believe that in the short term, ETH will secure itself above $2130 and target the next level of interest at $2355.
💡 Keep an eye on $2130. A confident breakthrough will signal the opening of a speculative trade with targets around $2355 and $2505.
#ETH $ETH #CryptoNews🔒📰🚫
📊 Market Analysis - Nov 10.
Take a look at the BTC chart. After a minor correction, the market has moved out of overbought territory and is once again poised for a rally continuation.
This is indicated not only by the technical picture but also by the news from the past week:
1. BlackRock expects approval for Bitcoin and Ethereum spot ETFs within a 3 months.
2. Institutions continue to pour money into the industry, evidenced by the rise in prices of cryptocurrency trusts of Grayscale.
3. Tether keeps printing new USDT. +2B in the last week alone.
🔍 Ahead of full-scale bullrun, I continue to search for advantageous entry points that will yield maximum profits in the medium term. As always, I'll share my trades with you.
#etf #BTC #sol $BTC $ETH $SOL
Take a look at the BTC chart. After a minor correction, the market has moved out of overbought territory and is once again poised for a rally continuation.
This is indicated not only by the technical picture but also by the news from the past week:
1. BlackRock expects approval for Bitcoin and Ethereum spot ETFs within a 3 months.
2. Institutions continue to pour money into the industry, evidenced by the rise in prices of cryptocurrency trusts of Grayscale.
3. Tether keeps printing new USDT. +2B in the last week alone.
🔍 Ahead of full-scale bullrun, I continue to search for advantageous entry points that will yield maximum profits in the medium term. As always, I'll share my trades with you.
#etf #BTC #sol $BTC $ETH $SOL
⚡️ SOL - up +106% since entry!
Another fantastic trade for our portfolio. SOL has reached every target we set, so I'm closing it entirely, locking in more than 100% net profit.
A big round of applause for those who joined me on this one! 👏
To those who missed out, no stress - the current market offers plenty opportunities for profit, and I'm already searching most promising ones for you!
#SOL #SolanaInsights $SOL
Another fantastic trade for our portfolio. SOL has reached every target we set, so I'm closing it entirely, locking in more than 100% net profit.
A big round of applause for those who joined me on this one! 👏
To those who missed out, no stress - the current market offers plenty opportunities for profit, and I'm already searching most promising ones for you!
#SOL #SolanaInsights $SOL
FLASH NEWS
01/11/20231⃣ Invesco and Galaxy‘s Bitcoin #spot ETF ticker has also been added to the DTCC website.2⃣ Insiders: Trading giants like Jane Street and Jump Trading may provide market-making services for BlackRock‘s Bitcoin spot #ETF.3⃣ Glassnode: The number of profitable #Bitcoin addresses reached a historical high, now accounting for 80% of the total non-zero addresses.4⃣ Bernstein analysts predict a significant turning point after Bitcoin #halving, with a mid-2025 target of $150,000.5⃣ The modul
📊 Market Analysis - Oct 29.
Even on weekends, the volume profile remains at its peaks, indicating increased interest from buyers. This is a clear indicator that there's money in the market.
What's fueling this growth?
1. The upcoming ETF. Institutional volumes surpass even those of the largest crypto whales.
2. Global economic instability. BTC and gold correlation - crypto is shifting from "risky" to "safe haven" assets.
3. Halving. One of the strongest rally catalysts.
Sentiment is another strong indicator. Bear market PTSD has shattered the crowd's belief in the possibility of rally - weak hands have already been shaken out of the market.
Now, they will only start entering when they see a pump above $60,000 - and this is the main mistake.
Getting early is the key 🗝
#BTC #cryptonews #crypto $BTC
Even on weekends, the volume profile remains at its peaks, indicating increased interest from buyers. This is a clear indicator that there's money in the market.
What's fueling this growth?
1. The upcoming ETF. Institutional volumes surpass even those of the largest crypto whales.
2. Global economic instability. BTC and gold correlation - crypto is shifting from "risky" to "safe haven" assets.
3. Halving. One of the strongest rally catalysts.
Sentiment is another strong indicator. Bear market PTSD has shattered the crowd's belief in the possibility of rally - weak hands have already been shaken out of the market.
Now, they will only start entering when they see a pump above $60,000 - and this is the main mistake.
Getting early is the key 🗝
#BTC #cryptonews #crypto $BTC
📊 BTC Analysis - Oct 28.
The accumulation period continues - after an unsuccessful attempt by sellers to push the price below $33,400, Bitcoin continues to aggregate volumes in the range of $33,700 to $34,300.
Over the weekend, there is no expectation of high volatility, so in the short term, Bitcoin will likely trade within a sideways channel formed after the establishment of the local peak.
Judging from on-chain transactions, big players are leveraging current prices to prepare for future price appreciation. This serves as yet another confirmation of a bullish market structure.
👨💻 As before, I believe that following the accumulation phase, we can expect a breakout above $35,000, with further movement towards $38,000.
#BTC $BTC #crypto2023 #cryptonews #crypto
The accumulation period continues - after an unsuccessful attempt by sellers to push the price below $33,400, Bitcoin continues to aggregate volumes in the range of $33,700 to $34,300.
Over the weekend, there is no expectation of high volatility, so in the short term, Bitcoin will likely trade within a sideways channel formed after the establishment of the local peak.
Judging from on-chain transactions, big players are leveraging current prices to prepare for future price appreciation. This serves as yet another confirmation of a bullish market structure.
👨💻 As before, I believe that following the accumulation phase, we can expect a breakout above $35,000, with further movement towards $38,000.
#BTC $BTC #crypto2023 #cryptonews #crypto
📊 ETH Analysis - Oct 27.
During the latest attempt to break through $1835, ETH set a new local high at $1869. The market structure remains bullish, and buyers are accumulating volumes to secure positions above the resistance.
On-chain transfers from large wallets show a trend of funds moving from Bitcoin to altcoins, with low-cap coins being the primary gainers. The growth in Bitcoin dominance has also slowed down.
🔍 More and more metrics indicate the imminent start of the altcoin season, so I continue to search for profitable trades with altcoins. As always, I will share my positions with you.
#Ethereum $ETH #cryptonews #crypto
During the latest attempt to break through $1835, ETH set a new local high at $1869. The market structure remains bullish, and buyers are accumulating volumes to secure positions above the resistance.
On-chain transfers from large wallets show a trend of funds moving from Bitcoin to altcoins, with low-cap coins being the primary gainers. The growth in Bitcoin dominance has also slowed down.
🔍 More and more metrics indicate the imminent start of the altcoin season, so I continue to search for profitable trades with altcoins. As always, I will share my positions with you.
#Ethereum $ETH #cryptonews #crypto