Last week in the news As it was expected, the Fed held interest rates without change at their FOMC meeting held on 1st May. Market nervousness prior to the meeting brought back some higher volatility. The USD modestly weakened, while gold ended the week testing $2.3K level. The US Treasury yields dropped after the FOMC meeting trading session and especially...
The United States spot Bitcoin BTC exchange-traded funds (ETFs) recently achieved a new milestone after attracting more than $1 billion in net inflows for the first time on March 12. Investments into spot Bitcoin ETFs continue to soar as daily inflows breached $11.1 billion over the last 13 days. On March 12, Bitcoin ETFs saw their biggest-ever daily inflow of...
Last week in the news Latest PCE data in the US are showing persistent inflation, decreasing inventor’s expectations of a potential three rate cuts during this year. US Treasury yields reacted to change in sentiment, where the 10Y benchmark reached its weekly highest level at 4.73%. Decrease of geopolitical risks in the Middle East impact short reversal in the...
One usually refers to altcoins and mems flying high when talking about big profits and pumps. So, when the next alt season could happen? To answer this question, analysts usually examine ETH and the Crypto Total Market Cap (excluding BTC and ETH) charts to make a prediction. Moreover, I think it is worth analyzing the Dominance of altcoins (excluding BTC and ETH)...
Last week in the news Higher for longer was for one more time rhetoric which influenced market sentiment during the previous week. In expectation of less rate cuts during this year, the US equities entered into the correction mode, with the S&P 500 ending the week at level of 4.967. The US Treasuries had another relatively strong week, where 10Y benchmark...
Last week in the news Inflation fears are for one more time those to shape investors confidence. Posted US inflation data during the previous week, impacted negative sentiment on the market, and made US Treasury yields move to the higher grounds, while US equities were pushed to the downside. For one more week in a row geopolitical risks were pushing the price of...
Last week in the news Much higher than expected Non-farm Payrolls in March in the US was a major event for the week on financial markets. Equity markets were still holding strong, despite the first major drop since the beginning of this year, while US Treasures reacted with higher yields. Gold reacted to new geopolitical tensions, which pushed the price of oil...
Some notes on ICP’s future price potential. I’ve been trying to get a sense for the price gains we may expect from ICP going forward. Obviously – given the mountain of innovation that the project team has already delivered – the project is greatly undervalued, but what would fair value look like? I think a good metric to use is Market Dominance, expressed as...
Last week in the news Positive market sentiment continued ahead of the holiday season on western markets. The S&P 500 was closed at level of 5.254, which was the new highest level reached in the history of the index. Although USD gained in value, the price of Gold also headed to the higher grounds, ending the week at 2.233, a new ATH. The US Treasuries remained...
Currently, BTC is in the H1 supply zone. Rejection from this zone takes it to the H1 Sellside liquidity. Invalidation point is to closing H1 candle above supply zone
Last week in the news Based on the news from the previous week it seems that major central bankers are slowly reaching their pivotal point. The Fed`s view on potential three rate cuts during this year moved the markets to higher grounds. S&P 500 reached a new all time highest value at 5.234. The US Dollar gained during the week, while gold was holding grounds...
1: hit resistance 2: Bearish candle maybe we see correction in 2T - 1.8T
📊 Market Overview: Recent Movement: The TOTAL cryptocurrency market capitalization faced rejection at $2.70 trillion and is now retracing to test lower support levels. Current Situation: The next major support is anticipated in the range of $2.05 trillion to $2.20 trillion. Alts Potential: There is a belief that altcoins will experience a significant bounce once...
Last week in the news Previous week brought back inflation fears on financial markets. The US equities and tech companies ended the week under pressure considering investors fears that the Fed might take a bit more time until the first rate cut, due to persistent inflation. US Treasuries also reacted on the same issue, ending the week one more time higher by 22...
Last week in the news Another week since the beginning of this year with markets reaching new all time highest values. The US equity markets continue to be driven by tech companies and expectations of the first Fed's rate cut. During the previous week Bitcoin also breached its highest level from November 2021, reaching shortly the level of $70K. Gold continues to...
One of the amazing chart of AMEX:GAL on weekly. Just need to break light resistance and good to go with targets. NFA. DYOR.
- Simple as usual, everything in graph. - BTC Halving is around April 19-2024. - And of course it will be the main influencer for others altcoins. - Without TheKing Cryptos are nothing. - Cryptos Markets in 2021 : - 1.5T to 1.7T - Forecast of Cryptos Markets in 2025 : - 4.8T to 5.5T - Charge your bag and don't miss the train. - Play always what you don't need...
After the previous CRYPTOCAP:TOTAL3 idea of mine invalidated (price breaks the consolidation area), Altcoin is ready to launch massively in 2024 bullrun. Inverted Head & Shoulder spotted in weekly timeframe, this is also the case for CRYPTOCAP:TOTALDEFI . My target is the resistance area around 660B-740B. Bitcoin dominance is also about to go down (will...