Times are boring. Feels like market has gone sideways forev | Ben Walther on Binance Square

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Times are boring.
Feels like market has gone sideways forever.
Don't fall into the boredom trap!
Read this!

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Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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Bitcoin’s Bullish Setup: Why the Outlook is Still Strong — A Technical Macro Analysis Since March, Bitcoin has traded within a descending channel, which can be viewed as a bull flag. However, we need to understand what's happening instead of simply labeling it as a certain pattern. 1️⃣ Peak & Liquidity Pockets After hitting a new all-time high (ATH) above $70K in March, profit-taking followed, pushing prices lower. Since then, each lower high has created liquidity pockets, with major liquidity sitting above $70K. 2️⃣ Accumulation What’s interesting is the accumulation phase within the channel. Volume has stayed relatively low, indicating consolidation, but it spikes when the price hits the lower trendline—classic accumulation behavior. 3️⃣ Reversal Looking forward, breaking through each lower high could trigger a ripple effect of buying and liquidity slurping, pushing Bitcoin higher. The first liquidity pocket sits at $64.3K (also a smaller one). 4️⃣ Patience & Zoom-Out Based on the long-term chart, Bitcoin looks more than fine. Don't get fooled by short-term price action or volatility due to major events. The long-term outlook: bullish. Accumulation and liquidity patterns suggest that Bitcoin will eventually break out and surge. We just have to be patient.

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The Trend Is Your Friend — Trending Tokens 18th Sep 2024 Every day, I check over 500 tokens to identify the ones showing a solid uptrend. A solid uptrend is defined by tokens trading above the long-, medium-, and short-term exponential moving average. Additionally, the moving averages must be aligned with the short EMA above the medium and the medium above the long-term. Typically, these tokens are worth looking into. Here are today's trending tokens: ‣ XRP (XRP) CMC Rank: 7 | Market Cap: $32b | Trading Volume (24h): $1b ‣ MANTRA (OM) CMC Rank: 68 | Market Cap: 904m | Trading Volume (24h): 14m ‣ PAX Gold (PAXG) CMC Rank: 111 | Market Cap: 490m | Trading Volume (24h): 7.5m ‣ Reserve Rights (RSR) CMC Rank: 150 | Market Cap: 322m | Trading Volume (24h): 27m ‣ Aragon (ANT) CMC Rank: 175 | Market Cap: 250m | Trading Volume (24h): 1,1m ‣ Keep Network (KEEP) CMC Rank: 324 | Market Cap: 100m | Trading Volume (24h): 11k

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It's Wednesday. It's "rate-cut-day." At 6 pm UTC, Jerome Powell (Fed Chair) will announce the Fed's decision. Currently, the market swings between a 25bps and 50bps rate cut. As mentioned, I prefer (and advise) staying sidelined during such days. Volatility can be crazy and unpredictable. However, I will analyze the decision and give you a complete assessment in tomorrow's edition. Bitcoin attempted to break out yesterday but faced an explicit rejection at 61k. Currently, it’s hovering just above the $60k level. However, all eyes are on tonight’s crucial Fed meeting and the expected rate cut decision. With such a high-impact event, we can expect volume to increase significantly and volatility to spike. As already mentioned, it’s nearly impossible to predict the direction of the move, as this will depend on various factors from the Fed’s commentary. Given the uncertainty, it’s a good day to be cautious. If you’re trading, avoiding leverage might be wise, and the best strategy is to stay on the sidelines.

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Bullish VMA Trendline Signals VMA Trendline signals are some of the most reliable trade signals. Some products that contain this indicator charge more than 1,000 USD/annually. Essentially, the VMA trendline provides excellent entry (and exit) signals. For example, once the VMA flips bullish a long entry can be reasonable (always make sure to do a detailed analysis before jumping in). The exit can be based on a fixed level or the next VMA flip. Here's a list of tokens that flipped the VMA to bullish on the daily chart today. - Uniswap (UNI) - From Bearish to Bullish VMA - Oasis Network (ROSE) - From Neutral to Bullish VMA - Blur (BLUR) - From Bearish to Bullish VMA - Dymension (DYM) - From Neutral to Bullish VMA - Terra (LUNA) - From Bearish to Bullish VMA - Flux (FLUX) - From Bearish to Bullish VMA - Decred (DCR) - From Bearish to Bullish VMA - API3 (API3) - From Neutral to Bullish VMA - io.net (IO) - From Neutral to Bullish VMA - Harmony (ONE) - From Bearish to Bullish VMA - Vanar Chain (VANRY) - From Bearish to Bullish VMA - JOE (JOE) - From Bearish to Bullish VMA - Sushi (SUSHI) - From Bearish to Bullish VMA

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Top Losers — 17th September 2024 While the majority of crypto tokens pump today, a couple don't follow the trend. Here's the list of the top 5 tokens that printed today's most significant losses. 1️⃣ Trust Wallet Token (TWT): -12% 2️⃣ STP (STPT): -4% 3️⃣ Theta Network (THETA): -2% 4️⃣ VITE (VITE): -2% 5️⃣ Self Chain (SLF): -2% Let me know which you trade 👇

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