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WHY IS THE CRYPTO MARKETE DOWN TODAY?
Over the last 24 hours, the total market cap (TOTAL) and #Bitcoin price lost a key support level on the daily chart. While some altcoins witnessed notable rallies, many, like $BONK registered considerable drawdowns.
After days of showing signs of closing above the $2.50 trillion mark, the combined value of all crypto assets fell below it. The total market cap now stands at $2.46 trillion, the lowest point in nearly ten days.
The next critical support is at $2.39 trillion; a drawdown to this point would mean a 2.5% dip, which is possible. This is because the #ichimoku Cloud exhibits bearishness despite being below the #candles
$BTC #btc70k #altcoins
Over the last 24 hours, the total market cap (TOTAL) and #Bitcoin price lost a key support level on the daily chart. While some altcoins witnessed notable rallies, many, like $BONK registered considerable drawdowns.
After days of showing signs of closing above the $2.50 trillion mark, the combined value of all crypto assets fell below it. The total market cap now stands at $2.46 trillion, the lowest point in nearly ten days.
The next critical support is at $2.39 trillion; a drawdown to this point would mean a 2.5% dip, which is possible. This is because the #ichimoku Cloud exhibits bearishness despite being below the #candles
$BTC #btc70k #altcoins
$IOTA — Ichimoku Short Signal on the Hourly Chart — 14% Potential
Our multi-timeframe Ichimoku signal is getting better constantly. Here's an interesting signal on the 1H chart.
IOTA flashed a short signal base with a potential of 14%. Backtests show a high reliability of 90% for 2% gains and 72% for more than 10% gains.
Trend indicator look good for a short. Momentum show signs of oversold territories. However, probably still worth a try. Although I wouldn't go for the entire 14% and take profits earlier.
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If you want more, free trade signal, you can check out Crypto OS. It's a platform that provides free, data-backed trade signals and much more. Link in my Twitter profile.
#ichimoku #TradeSignal
Our multi-timeframe Ichimoku signal is getting better constantly. Here's an interesting signal on the 1H chart.
IOTA flashed a short signal base with a potential of 14%. Backtests show a high reliability of 90% for 2% gains and 72% for more than 10% gains.
Trend indicator look good for a short. Momentum show signs of oversold territories. However, probably still worth a try. Although I wouldn't go for the entire 14% and take profits earlier.
--
If you want more, free trade signal, you can check out Crypto OS. It's a platform that provides free, data-backed trade signals and much more. Link in my Twitter profile.
#ichimoku #TradeSignal
Ichimoku Analysis on Bitcoin (BTC/USDT)
This analysis examines the Ichimoku trade system more closely and highlights three reasons why Bitcoin is in a strong position for further bullish moves.
In general, the Ichimoku system is a rather complex set of indicators that allows you to derive information about an asset's trend, momentum, and outlook.
Here are three key findings when applying the Ichimoku system to Bitcoin's current chart 👇
1️⃣ Golden Cross: Approximately one week ago, we observed a golden cross (1). The golden cross is interpreted as the start of a bullish trend. Moreover, as we can see in the chart, this has been playing out perfectly so far.
2️⃣ Bullish Trend: Currently, the price trades above the Ichimoku Cloud (2). This indicates a bullish trend and further supports the bullish momentum. Moreover, the upper border of the cloud serves as a support line.
3️⃣ Future Outlook Turning Bullish: The future cloud (3) is on the verge of turning bullish. Senkou Span A is approaching Senkou Span B, and a cross above it would turn the future cloud green, indicating a potential bullish outlook.
💡Conclusion:
It will be important to monitor the future cloud as the final confirmation of a continuation of the bullish trend. If Senkou Span A crosses above Senkou Span B, this will signal a continuation of the bullish trend. The golden cross and price above the cloud, combined, are a strong setup for a bullish continuation.
Therefore, traders should stay alert for this potential bullish signal in the coming periods.
$BTC #ichimoku #analysisreport
This analysis examines the Ichimoku trade system more closely and highlights three reasons why Bitcoin is in a strong position for further bullish moves.
In general, the Ichimoku system is a rather complex set of indicators that allows you to derive information about an asset's trend, momentum, and outlook.
Here are three key findings when applying the Ichimoku system to Bitcoin's current chart 👇
1️⃣ Golden Cross: Approximately one week ago, we observed a golden cross (1). The golden cross is interpreted as the start of a bullish trend. Moreover, as we can see in the chart, this has been playing out perfectly so far.
2️⃣ Bullish Trend: Currently, the price trades above the Ichimoku Cloud (2). This indicates a bullish trend and further supports the bullish momentum. Moreover, the upper border of the cloud serves as a support line.
3️⃣ Future Outlook Turning Bullish: The future cloud (3) is on the verge of turning bullish. Senkou Span A is approaching Senkou Span B, and a cross above it would turn the future cloud green, indicating a potential bullish outlook.
💡Conclusion:
It will be important to monitor the future cloud as the final confirmation of a continuation of the bullish trend. If Senkou Span A crosses above Senkou Span B, this will signal a continuation of the bullish trend. The golden cross and price above the cloud, combined, are a strong setup for a bullish continuation.
Therefore, traders should stay alert for this potential bullish signal in the coming periods.
$BTC #ichimoku #analysisreport