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Owner and creator of snype.ai - soon to be the go-to place for AI powered technical analysis, coin metrics and news based trading strategies. Tokyo based.
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Another beautiful day of my AI module managing trades.
TRX/ETH is a great pair in the current market.
$ETH $TRX
TRX/ETH is a great pair in the current market.
$ETH $TRX
$DOGE Daily TA by @snypeai
Today's DOGE/USDT report shows some classic Doge-like behavior with ups and downs that make you say "wow" more than a few times. Let’s dive into the stats and see what the data says.
First off, the price action was quite the rollercoaster. DOGE opened the day at 0.13806, hit a low of 0.13458, then rocketed up to 0.15096 before settling back down at 0.14974. The volume was no joke either, with over a billion DOGE changing hands.
The moving averages are all over the place, just like Doge’s meme po
First off, the price action was quite the rollercoaster. DOGE opened the day at 0.13806, hit a low of 0.13458, then rocketed up to 0.15096 before settling back down at 0.14974. The volume was no joke either, with over a billion DOGE changing hands.
The moving averages are all over the place, just like Doge’s meme po
Not Daily TA - provided by @snypeai
The trading day for NOT/USDT has demonstrated an interesting interplay of various technical indicators, suggesting both momentum and volatility. As of the latest close on June 12, 2024, the price of NOT/USDT stood at 0.018266, marking a recovery from the recent low of 0.015268 within the same day.
The moving averages paint a picture of the market's current sentiment. The Exponential Moving Average (EMA) at 0.014091 indicates a relatively recent upward trend. The Weighted Moving Average (WMA) and
The moving averages paint a picture of the market's current sentiment. The Exponential Moving Average (EMA) at 0.014091 indicates a relatively recent upward trend. The Weighted Moving Average (WMA) and
The Federal Reserve's latest economic projections and Bitcoin's weekly indicators offer a fascinating glimpse into how these two worlds might interact. Here’s a cohesive look at how the FOMC’s forecasts might affect Bitcoin, blending in the latest market signals.
The FOMC expects the economy to grow by 2.1% in 2024, dipping to 2.0% in subsequent years. This suggests a stable environment, generally favorable for risk assets like BTC. When the economy grows, people feel more confident about investing in speculative assets. Bitcoin’s moving averages (MA, EMA, SMA, WMA) ranging from $56,024 to $73,122 indicate that Bitcoin might continue to rise with favorable economic conditions.
The Fed's plan to keep interest rates high at 5.1% in 2024 before gradually lowering them could impact BTC. High rates typically make traditional investments more attractive, potentially pulling money away from Bitcoin. However, as rates are expected to drop to 4.1% in 2025 and 3.1% in 2026, this initial pressure might ease, leading to renewed interest in BTC.
BTC’s volatility, indicated by the Average True Range (ATR) at 5,678, shows it’s still a rollercoaster ride. As interest rates drop, this volatility could attract investors looking for high returns.
The Fed’s projections for a stable job market, with unemployment around 4.0% to 4.2%, could boost overall market sentiment. When people have jobs, they feel secure and are more likely to invest in assets like Bitcoin. The Relative Strength Index (RSI) for Bitcoin at 68.94 suggests it’s nearing overbought territory, reflecting strong buying momentum.
Strong market sentiment is also supported by the On-Balance Volume (OBV) and the Accumulation/Distribution (AD) line, indicating that investors are still accumulating Bitcoin.
As the Fed’s policies create a stable economic environment, Bitcoin’s inherent volatility and bullish momentum suggest it could remain a popular investment. The interplay between controlled inflation and lower interest rates starting from 2025 might make Bitcoin even more attractive.$BTC
The FOMC expects the economy to grow by 2.1% in 2024, dipping to 2.0% in subsequent years. This suggests a stable environment, generally favorable for risk assets like BTC. When the economy grows, people feel more confident about investing in speculative assets. Bitcoin’s moving averages (MA, EMA, SMA, WMA) ranging from $56,024 to $73,122 indicate that Bitcoin might continue to rise with favorable economic conditions.
The Fed's plan to keep interest rates high at 5.1% in 2024 before gradually lowering them could impact BTC. High rates typically make traditional investments more attractive, potentially pulling money away from Bitcoin. However, as rates are expected to drop to 4.1% in 2025 and 3.1% in 2026, this initial pressure might ease, leading to renewed interest in BTC.
BTC’s volatility, indicated by the Average True Range (ATR) at 5,678, shows it’s still a rollercoaster ride. As interest rates drop, this volatility could attract investors looking for high returns.
The Fed’s projections for a stable job market, with unemployment around 4.0% to 4.2%, could boost overall market sentiment. When people have jobs, they feel secure and are more likely to invest in assets like Bitcoin. The Relative Strength Index (RSI) for Bitcoin at 68.94 suggests it’s nearing overbought territory, reflecting strong buying momentum.
Strong market sentiment is also supported by the On-Balance Volume (OBV) and the Accumulation/Distribution (AD) line, indicating that investors are still accumulating Bitcoin.
As the Fed’s policies create a stable economic environment, Bitcoin’s inherent volatility and bullish momentum suggest it could remain a popular investment. The interplay between controlled inflation and lower interest rates starting from 2025 might make Bitcoin even more attractive.$BTC
New to trading? Understand the RSI indicator with snype.ai and create a Simple Trading Strat
Introduction to RSI
Imagine you're playing a game of tug-of-war. If one side is pulling much harder than the other, the rope moves quickly in that direction. The Relative Strength Index (RSI) is a bit like that—it helps you see which side (buyers or sellers) is pulling harder in the market. Created by J. Welles Wilder, RSI measures the speed and change of price movements. It ranges from 0 to 100 and helps traders identify whether an asset is overbought or oversold.
How RSI Works
Think of RSI as
Imagine you're playing a game of tug-of-war. If one side is pulling much harder than the other, the rope moves quickly in that direction. The Relative Strength Index (RSI) is a bit like that—it helps you see which side (buyers or sellers) is pulling harder in the market. Created by J. Welles Wilder, RSI measures the speed and change of price movements. It ranges from 0 to 100 and helps traders identify whether an asset is overbought or oversold.
How RSI Works
Think of RSI as
New to trading?
Understanding Bollinger Bands and Creating a Simple Trading Strategy, produced by snype.ai
(If you find this helpful, follow me on twitter! @SnypeAI - I'll soon be launching an automated platform on the ETH chain that allows you to create your own TA reports and trade automatically based on my strategies!)
Introduction to Bollinger Bands
Imagine you're driving on a highway. The lanes help guide you and keep you safe. Bollinger Bands work in a similar way for trading. They are a tool used by tra
(If you find this helpful, follow me on twitter! @SnypeAI - I'll soon be launching an automated platform on the ETH chain that allows you to create your own TA reports and trade automatically based on my strategies!)
Introduction to Bollinger Bands
Imagine you're driving on a highway. The lanes help guide you and keep you safe. Bollinger Bands work in a similar way for trading. They are a tool used by tra
Snype.Ai Daily Report: ETH/USDT Market Analysis (June 11, 2024)
Today's ETH/USDT market analysis is shaped by significant market movements and anticipated economic data. Bitcoin's sharp pullback to $66,000, which triggered $250 million in liquidations, has set a bearish tone across the cryptocurrency market, with Ethereum being no exception. Currently priced at $3475.95, ETH has mirrored Bitcoin's downturn, reflecting broader market apprehensions ahead of tomorrow's crucial FOMC meeting and the May CPI report.
The crypto market's recent turbulence can be att
The crypto market's recent turbulence can be att
Bitcoin Daily report/TA provided by Snype.ai
Today’s Bitcoin market is a blend of caution and potential. Let's explore what the key indicators tell us about the current state of the market and what might be on the horizon.
As we look at the charts, we notice a clear theme of indecision. Several significant candlestick patterns, including the Doji, Long Legged Doji, and Rickshaw Man, have appeared. These patterns are characterized by their small bodies and long shadows, reflecting a balance between buyers and sellers. This balance suggests
As we look at the charts, we notice a clear theme of indecision. Several significant candlestick patterns, including the Doji, Long Legged Doji, and Rickshaw Man, have appeared. These patterns are characterized by their small bodies and long shadows, reflecting a balance between buyers and sellers. This balance suggests
Daily Report on Bitcoin (BTC/USDT)
Market Overview
On a daily scale, Bitcoin has shown stability around $69,000, with slight fluctuations driven by short-term trading activities and market news. Analysts remain cautiously optimistic about potential short-term bullish trends if key resistance levels are breached.
Key Indicators Analysis
Pattern Recognition
Doji (100), Rickshaw Man (100): Indicate market indecision and potential for upcoming trends.High Wave (-100), Spinning Top (-100): Reflect market uncertainty and possible sudden movements.
Overlap Studies
MA (67960.90), EMA (68037.28), SMA (67960.90), WMA (68911.80): Show a strong upward trend.KAMA (67242.80), T3 (69960.23): Support the continuation of the upward trend.
Momentum
ADX (21.05), ADXR (21.13): Moderate trend strength.RSI (56.18): Indicates moderate buying pressure.
Volatility
ATR (1972.35), NATR (2.83): Reflect moderate volatility, suggesting potential for daily price swings.
Volume
OBV (1047537.98), AD (1156091.43): High trading volumes, indicating strong market participation.
Support and Resistance
SAR (67702.63): Indicates critical levels influencing short-term price movements.
Market Overview
On a daily scale, Bitcoin has shown stability around $69,000, with slight fluctuations driven by short-term trading activities and market news. Analysts remain cautiously optimistic about potential short-term bullish trends if key resistance levels are breached.
Key Indicators Analysis
Pattern Recognition
Doji (100), Rickshaw Man (100): Indicate market indecision and potential for upcoming trends.High Wave (-100), Spinning Top (-100): Reflect market uncertainty and possible sudden movements.
Overlap Studies
MA (67960.90), EMA (68037.28), SMA (67960.90), WMA (68911.80): Show a strong upward trend.KAMA (67242.80), T3 (69960.23): Support the continuation of the upward trend.
Momentum
ADX (21.05), ADXR (21.13): Moderate trend strength.RSI (56.18): Indicates moderate buying pressure.
Volatility
ATR (1972.35), NATR (2.83): Reflect moderate volatility, suggesting potential for daily price swings.
Volume
OBV (1047537.98), AD (1156091.43): High trading volumes, indicating strong market participation.
Support and Resistance
SAR (67702.63): Indicates critical levels influencing short-term price movements.
Weekly Report on Bitcoin (BTC/USDT)
Market Overview
Over the past week, Bitcoin has shown significant resilience, maintaining a strong position above $69,000. Analysts suggest that a breakout above the $69,330 resistance level could propel BTC towards $74,400, driven by favorable market dynamics and strong investor sentiment.
Key Indicators Analysis
Pattern Recognition
Doji (100), Long Legged Doji (100), Rickshaw Man (100): Indicate market indecision and potential for reversals.High Wave (-100), Spinning Top (-100): Suggest heightened volatility and uncertainty.
Overlap Studies
MA (56040.60), EMA (57181.82), SMA (56040.60), WMA (62029.90): Show a strong upward trend, reinforcing the bullish sentiment.KAMA (65852.88), T3 (67600.42): Support continuation of the upward trend.
Momentum
ADX (46.09), ADXR (51.99): Indicate strong trend strength.RSI (70.05): Approaching overbought territory, suggesting strong buying pressure.
Volatility
ATR (5455.38), NATR (7.84): Reflect high volatility, indicating potential for significant price movements.
Volume
OBV (14071156.66), AD (14975681.21): High trading volumes, indicating strong market participation and liquidity.
Support and Resistance
SAR (71997.02): Indicates critical support/resistance levels, influencing future price movements.
News Highlights
Symmetrical Triangle Formation: Analysts noted Bitcoin's price consolidation within a symmetrical triangle, suggesting a potential breakout
Market Overview
Over the past week, Bitcoin has shown significant resilience, maintaining a strong position above $69,000. Analysts suggest that a breakout above the $69,330 resistance level could propel BTC towards $74,400, driven by favorable market dynamics and strong investor sentiment.
Key Indicators Analysis
Pattern Recognition
Doji (100), Long Legged Doji (100), Rickshaw Man (100): Indicate market indecision and potential for reversals.High Wave (-100), Spinning Top (-100): Suggest heightened volatility and uncertainty.
Overlap Studies
MA (56040.60), EMA (57181.82), SMA (56040.60), WMA (62029.90): Show a strong upward trend, reinforcing the bullish sentiment.KAMA (65852.88), T3 (67600.42): Support continuation of the upward trend.
Momentum
ADX (46.09), ADXR (51.99): Indicate strong trend strength.RSI (70.05): Approaching overbought territory, suggesting strong buying pressure.
Volatility
ATR (5455.38), NATR (7.84): Reflect high volatility, indicating potential for significant price movements.
Volume
OBV (14071156.66), AD (14975681.21): High trading volumes, indicating strong market participation and liquidity.
Support and Resistance
SAR (71997.02): Indicates critical support/resistance levels, influencing future price movements.
News Highlights
Symmetrical Triangle Formation: Analysts noted Bitcoin's price consolidation within a symmetrical triangle, suggesting a potential breakout
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