BTCUSD Daily TA Cautiously Bullish. Recommended ratio: 70% BTC, 30% Cash. * US July Manufacturing PMI was reported today and showed a slight slowdown in manufacturing activity dropping from 52.7 last month to 52.3 this month; this sent Equities and Cryptos lower but again helps confirm that the Fed is being effective in reducing demand as a means of curbing...
ETHUSD Daily cautiously bullish. Recommended ratio: 85% ETH, 15% Cash. *MINOR CORRECTION WATCH. Ethereum continues to rally (and should continue to leading up to September) on news that the Merge is likely to be ready for launch on Mainnet 09/19/22. Cryptos continue rallying as Equities are entering a big earnings season and recession fears are being allayed by...
BTCUSD Daily neutral with a bullish bias. Recommended ratio: 51% BTC, 49% Cash. * SELL-OFF WATCH. The US June CPI report was released this morning and surpassed the 8.8% market consensus estimate with a 9.1% reading (Core CPI exceeded the 5.7% consensus estimate with a 5.9% reading). Cryptos, Equities, Treasuries, and Commodities initially sold off on the...
ETHUSD Daily cautiously bearish. Recommended ratio: 25% ETH, 75% Cash. *Cryptos, Equities, Metals, Energy, Treasuries, and Commodities are all suffering at the expense of a surging USD. The Euro continues to plunge and achieved parity with USD in yesterday's session for the first time since 2002. US CPI report is scheduled for release tomorrow morning at...
ETH Daily neutral with a bullish bias. Recommended ratio: 57% ETH, 43% Cash. *Cryptos enjoyed a rally to start the weekend but then came the Sunday Scaries (a corrective sell off after a weekend rally), this is typically bullish going into the next week but given the bearish sentiment in markets it may signal that more downside is to be expected. Fed Vice...
ETHUSD Daily neutral with a bullish bias. Recommended ratio: 60% ETH, 40% Cash. *Financial markets continue to attempt to digest the possibility of a global recession as Cryptos and Equities trend higher with hopes of establishing a local bottom. The insolvency crisis facing crypto lenders and investment funds continues as Voyager Digital followed in the...
ETHUSD Daily neutral with a bullish bias. Recommended ratio: 51% ETH, 49% Cash. *Cryptos and equities took a beating today as the markets are deciding whether the Federal Reserve is going to engineer a soft landing or hard landing and whether or not a 3.5% EOY target for Federal Funds Rate is enough. Global inflation numbers continue printing higher and...
ETHUSD Daily cautiously bullish. Recommended ratio: 65% ETH, 35% Cash. *Cryptos and equities continue rallying and will hope to carry on this momentum through the weekend and into next week leading up to the Core PCE inflation report due next Thursday (06/30/22). Which should tell us whether or not the Fed is going to raise FFR by 75bp (or more) on 07/27/22.* ...
Hello traders, Here is what I see currently on the charts for Bitcoin: - We are right below another horizontal resistance here, forming a triangle pattern, which most likely will be broken to the upside; - The weekend is also almost here, which always means manipulation and low volumes - this could lead us to a retest of the lower band of the triangle at around...
I'm still waiting for BTC to make a decision on which way to go between these two daily levels. We are more likely to hit the lower daily level because we have witnessed repeated rejections around the upper daily level and we have bearish CVD divergence. If we see a correction to the downside, we could see a bounce at about $39K. Following that, we must observe...
This is the current sentiment in this space/time. The Fiat market is still at play with Crypto Currency replacing existing monetary system of the Central Bank. The Central bank will be replaced once again. We do not seem to learn about the corruption of fiat money of the Central Bank. Maybe this time when we get rid of the Central Bank it will be gone for many...
This is the Current sentiment in this time/space. Things have no room but to go up with the Massive Hyper Inflation that is in play from the USA.
Clearly it has beautiful bounce from 20 EMA support zone but with decrease in volume the uptrend is getting weak indeed i can say this bounce is a fake one, we might see downtrend for another few days if BTC breaks around $46300 zone we can see BTC moving towards nearly $41k to $40k New ATH is still possible in macro view.
SushiSwap is a type of a decentralized exchange called an automated market maker (AMMA). Automated market makers lets users trade cryptocurrency tokens with no central authority managing the trade. SushiSwap uses mathematical formulas to set prices and processes trades using smart contracts. On the first day of trading the price made a high at the $15-$16 range...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Chainlink has gotten back above $20, time to buy dips all the way to new ATH. COINBASE:LINKUSD
Sushi is one of the most undervalued cryptos in the Defi Market. Good buy is $6-$8. Target new highs. COINBASE:SUSHIUSD FTX:SUSHIUSD