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ADA Faces ☁️ & Downside Risks in the Next 7 Days Despite Cardano leading in code commits over the past year, surpassing Ethereum, Polkadot, and the BNB network, the current scenario appears grim. Daily active addresses on Cardano have recently plummeted, accompanied by a decline in daily transactions on the network. ATTMO predicts overcast conditions ☁️ and a bearish trend for Cardano CRYPTOCAP:ADA in the upcoming 24 hours. The likelihood of this trend persisting for the next 3 & 7 days suggests an extended downside potential for the coin. Follow us for more crypto weather reports!
by ATTMO
Crypto Forecast: BTC 24-Hr ☀️ Upside; ☁️ Next WeekThe cryptocurrency trend was positive over the past 24 hours buoyed by investors’ attraction to the 10 spot Bitcoin exchange traded funds (ETFs) approved last week. The price of Bitcoin put on 0.2 percent over the past 24 hours to roughly 42,800 dollars. Its price has dropped nearly 7 percent over the past seven days. Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with Bitcoin, Ether and Cardano likely to move higher while Ripple’s XRP and Polkadot may face downward pressure. Over a one-week horizon, both Bitcoin and Ether are likely to move lower just as Cardano and Avalanche. XRP, Binance Coin and Dogecoin on the contrary have upside potential, ATTMO shows. Follow us for more crypto weather reports!
BITSTAMP:BTCUSD
by ATTMO
BNB's🌞 🐂 24-hr outlook; What About the rest of the market? 🤔Bearish clouds ☁️ linger over the global crypto market in the next 24 hours and week, likely to put pressure on crypto coins such as Bitcoin and Ether. However, Binance Coin, Dogecoin, and Chainlink defy this negative trend, suggesting upside potential in the near and medium term. 🌞 Binance Thailand’s joint venture with Gulf Energy Development’s unit Gulf Innova, resulting in a regulated and licensed crypto exchange, is now operational in Thailand. “Thailand is one of the leaders of crypto adoption in Southeast Asia & #Binance TH is excited to be part of the Thai digital asset ecosystem,” Binance’s CEO, Richard Teng, said. Binance Coin rose 0.9 percent over the past 24 hours to 315.81 dollars. Follow us for more crypto weather reports!
by ATTMO
Cryptomarkets outlook for Q1 2024Hello fellow traders, hope everyone is doing well. In this post I try to explain What & Why is expected from Cryptomarket in Q1 2024. This idea is based on micro and macro economy outlook, in which the most important part is Interest Rate of FED as a moving tool. Aswell, note that current market environment in which Interest Rates was elevated occured only ONE TIME in history of this market if we count for whole Collective Market. To not make this post unnecessarily long, I make it clear in points. -- Chart is composed from BITCOIN / USINTR(orange) / TOTAL3(blue) / Cardano(yellow) -- 1. - Idea of this Cryptomarket review/prediction is based on (*pic.1). Which is ONLY TIME in History of Cryptomarket when there was Interest Rates Hikes and Cuts. Important note: We need to take into consideration that current market micro and macro conditions are different, due to Highier Inflation which resulted into Highier Interest Rates. So I do not expect cutting back to 0 in first major cutting cycle. 2. - Considering previous, I expect Cryptomarket could behave in Q1 of 2024 at similar fashion then it did in 2019. Main focus should stay on BITCOIN, altcoin is used as guidance in this case. 3. - So, we can see that in 2019 market not found its TOP, until FED Started cutting Rates. Which means, whole time they Hold on Pause market was climbing highier, even if it was elevated for prolonged period of time without any major pullbacks. So, my Base Expectation is market can still keep going highier. With occasional time to time not so significant price pullbacks (20-30% should be considered normal in this asset), UNTIL FED decide to START cutting rates. 4. - Which could possibly take further in Q2, if they do not decide to Cut at March meeting. Note, I do not expect them to Cut at 31st. January meeting. 5. - This idea will be considered "INVALID" in a case where FED decide to CUT sooner then expected, due to terrible earning reports or any other Major disruption factor in normal economy process. 6. - !!! New REAL Bullmarket didnt Start until Interest Rates reached their bottom rate !!! Note, this time can be different due to inflation & elevated price levels, which cause more money in rotation, but IT SHOULD NOT change base line of reverse expectations when correct time come - 1.FED start cutting, 2.FED stop (is DONE) with cutting, 3.bottom Rate is found. *reference picture 1. - TLDR - "Cryptomarkets should stay in bullish sentiment with elevated price action until FED start cutting Interest Rates." Hopefully, some of you found this post interesting and helpfull in futher market navigating. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
Can #Bitcoin Sustain Its Parabolic Momentum?🧐The price of #Bitcoin ( CRYPTOCAP:BTC ) has deviated from our initial projections but has adhered to the weekly forecast, notably breaking through a formidable resistance area and experiencing a significant surge. This upward movement appears to be catalyzed by the imminent news regarding a #BitcoinETF, suggesting a sustained price level until additional information is disclosed. We anticipate a probable retest at around $44,500, representing a healthy correction in the market. According to the current chart analysis, Bitcoin is exhibiting parabolic growth. The formation of the third base is evident, and we anticipate a touch of the $52,000 level after the breakout of the fourth base. Stay tuned for further quality updates. #Crypto
Long
by CRYPTOMOJO_TA
3
The best assets in the artificial intelligence sector and BDHow AI works and what does cryptocurrency have to do with it? Artificial Intelligence (AI) operates by using computer algorithms and techniques that enable machines to perform tasks that would normally require human intelligence. These include pattern recognition, natural language processing, data-driven decision making, and much more. Modern AI technologies use methods of machine learning, deep learning and neural networks. Cryptocurrencies, in turn, use blockchain technologies, which allow the creation of decentralized systems for storing data and conducting transactions. Also, AI-powered cryptocurrencies use AI to improve the efficiency and security of the network. AI methods are used to analyze transaction and blockchain data to identify possible security threats and prevent them. AI can also be used to automatically manage a cryptocurrency portfolio, identifying the most profitable investment strategies and providing recommendations to crypto investors. For example, the cryptocurrency Numeraire (NMR) uses AI to create and manage investment strategies based on data analysis. And the same SingularityNET (AGIX) was created as a platform for developing and launching AI applications that can be used in various areas, including financial services. Thus, crypto projects are already using AI to improve the efficiency and security of the network, as well as to manage a portfolio of cryptocurrencies and develop new AI applications. - In our professional opinion of the WTF team, the PYTH/OCEAN/AGIX/FET/GRT/NMR projects will be the most promising for the growth of this sector in the cryptocurrency market. P.S (This is not an investment recommendation or idea but a personal opinion.)
by DpS_WTF
8
Ethereum Overbought: A Short-Term Analysis and Bearish"Ethereum Overbought: A Short-Term Analysis and Bearish Outlook" Over the past four months, Ethereum has displayed a relentless bullish momentum, with only a brief test of a previous support level. This limited retracement raises concerns about the sustainability of the current bull run, as it may not have been sufficient to shake out all the long positions. Adding to the complexity, shorts seem to have vanished from the cryptocurrency landscape, reflecting a market sentiment overwhelmingly skewed towards optimism. This absence of bearish pressure leaves Ethereum in a potentially precarious situation, with no significant counterforce to counterbalance the prevailing bullish sentiment. In light of these observations, a short position has been initiated. The target for this bearish stance is set around the second daily support level, approximately at 2150. This implies a potential decline of at least -15% from the current levels. The rationale behind this move is to capitalize on the possibility of a more pronounced correction, taking advantage of the current absence of short sellers and the potential vulnerability of overextended long positions. The strategy involves a patient approach, with a willingness to wait for 30 to 45 days for the trade thesis to unfold. While the cryptocurrency market is known for its volatility, the absence of substantial retracements in Ethereum's recent uptrend prompts a cautious stance, and the short position is aligned with a carefully calculated downside target.
Short
by Maximus20000
XRPUSDT to $1.22 this year?2 factors drive my analysis for why I'm forecasting XRP to hit $1.22 this year. First: XRP ETF Speculation from Blackrock. - BlackRock CEO Larry comment on the potential for an XRP ETF on Fox Business interview “I can’t talk about that!” when asked about an XRP ETF. This left investors and analysts parsing his words for hints of BlackRock's possible foray into XRP 2nd: Technical Analysis 2 sides of the coin for this, as seen by my bullish green price action arrow forecast and bearish red price action arrow forecast. However, i'm leaning more towards longs, due to fundamentals where despite volatility and FUD, the overall momentum is hopeful bullish. At the time of posting - 14Jan 4.30 SGT, XRPUSDT is on the weekly support -resist level. Previous week's candle closed bearish, however, with a long wick showing buyers strength. This week looks to be ending on a green candle. Long sell wick indicates sellers strength. Weekly is gonna close with a sideways momemtum, as market is hesistant and bith bear and bulls are looking to see each others next move. I however, expect week support to be respected, and pump up to week's resist after some consolidation, to retest March 22 week resist zone. If price retest Mar 22 resist zone and forms support on 0.748, I'm expecting XRP to push all the way to 1.22. While bullish for $1.22 target, that'll probably be pre ETH ETF, to which, a massive liquidity grab will bring XRP back to 0.5-0.8 zone.
Long
by lesnermj
Short Squeeze Potential MARA ? heavily shorted stock $MARA. weekly time frame we have a head and shoulders and we just broke the neckline now coming back in to test it, the big IF is if it can now hold as support. lost momentum from the profit taking and sell the news plus going into 3 day weekend. we had a promising break (if you caught that move to 32, nice one) Esp off all the Bitcoin ETF news and now we have the sell the news profit taking etc right back to the break out. which was clear resistance multiple times if you look left. idk. its something I'll at least watch. any crypto news or catalyst can put this back in play. it really really needs to hold this area especially over 15 but i really don't want it to go past 17.50-18. but yeah, that's my thoughts something to watch, feels like its kinda late to the party and the move was made but the amount of shorts in this is interesting. id target 32. for hypothetical purpose past that it can get parabolic. 32 was about the measured move from the head and shoulders although this is log chart. also currently resting on the 9ema. im not 'thrilled' for this. just something to keep watch on. and i also want to post this so i can view it later. Cheers! 3 day weekend. try to enjoy it. lol
NASDAQ:MARA
by Jbridgez
BTC Downward 24-Hour Trend, Bearish ☁️; Rebound Next Week? Bearish clouds ☁️ loom over Bitcoin and Ether in the next 24 hours, signaling a downward trend. 📉 Meanwhile, Altcoins like Cardano, Litecoin, and Binance Coin are set to shine under the bullish sun, hinting at upside potential. 🌤️ Over the next week, a positive outlook prevails in the global crypto sphere, with bullish trends on the horizon. However, ATTMO indicates that Polkadot may encounter some bearish clouds, posing potential downside risks. ☁️ Follow us for more crypto weather reports!
BITSTAMP:BTCUSD
by ATTMO
ETH Short-Term ☁️, 3D & 7D Forecast Bullish ☀️ Bullish skies ☀️ grace the global crypto market on the 3 and 7-day horizon! Upside potential beams for Bitcoin and altcoins as the SEC approves the first spot Bitcoin ETFs. A very bullish forecast for Ether, however, a short-term market correction is on the horizon in the next 24 hours. 🚀 ATTMO predicts a sunny week overall, but watch out for bearish clouds ☁️ looming over Polkadot, signaling potential downside risks. Stay weather-wise in the crypto world and follow us for more crypto weather reports!
BITSTAMP:ETHUSD
by ATTMO
DOT Bearish Forecast ☁️; BTC, ETH Bullish, ☀️ OutlookBullish skies ☀️ grace the global crypto market for the next 24 hours! Upside potential beams for Bitcoin and altcoins as the SEC approves the first spot Bitcoin ETFs. A very bullish forecast for Ether, with a market correction on the horizon. 🚀 ATTMO predicts a sunny week overall, but watch out for bearish clouds ☁️ looming over Polkadot, signaling potential downside risks. Stay weather-wise in the crypto world and follow us for more crypto weather reports!
by ATTMO
ETH Bullish ☀️ 24H & 1W Horizon; XRP Bearish ☁️? Sell Now? Ethereum, Litecoin, and Cardano are likely to profit from a bullish sun in the next 24 hours. ☀️ On the other hand, Ripple’s XRP and Avalanche are also likely to face downward pressure ☁️ Over a one-week horizon, bullish sun will shine over a larger part of the crypto universe, however, XRP, Avalanche, and Polkadot will still be facing bearish clouds, signaling further downside risk. ☁️ Follow us for more crypto weather reports!
BITSTAMP:ETHUSD
by ATTMO
BTC 24-Hour Bearish ☁️, Rebound and ☀️ Upside In 1 Week? Bearish clouds ☁️ linger over Bitcoin in the next 24 hours as investors brace for the landmark decision on the approval or rejection of the trading of spot Bitcoin exchange traded funds (ETFs) in the US. An approval is already priced in, so some profit-taking is likely to happen, ATTMO shows. However, Bitcoin has upside potential over a one-week horizon. Ripple’s XRP and Avalanche are also likely to face downward pressure ☁️, while Ether, Litecoin, and Cardano are likely to profit from a more bullish sun. ☀️ Over a one-week horizon, this bullish sun will shine over a larger part of the crypto universe. Some smaller altcoins, such as XRP, Avalanche, and Polkadot may, however, face bearish clouds, signaling downside risk. ☁️ Follow us for more crypto weather reports!
BITSTAMP:BTCUSDShort
by ATTMO
#SSV Breakout Confirmation, Retest in Progress!🚀 #SSV Update 📈 In the daily timeframe, #SSV has beakout this Big cup and he and pattern currently in the retest phase. The price is anticipated to sustain its upward trend, aiming for previous highs. Currently trading in the Buy Zone, a bullish momentum is on the horizon. 🔍 Entry: Plan to buy in CMP and add to this retest 🎯 Targets: TP1: 40$ TP2: 45$ TP3: 53$ TP4: 74$ 🛑 SL: Close below this green horizontal support on a daily candle. Remember to DYOR! 🚀
Long
by CRYPTOMOJO_TA
ETHUSD: Thoughts and AnalysisToday's focus: ETHUSD Pattern – Consolidation / ascending triangle pattern. Support – 2166 Resistance – 2371 Hi, and thanks for checking out today's update. Today, we are looking at ETHUSD on the daily chart. What's next for Ethereum? Will we see a new leg higher break resistance? A lot will come down to the SEC and its pending approval of the BTC ETF, but it is far from a safe bet that crypto will continue to move higher after the approval. While the majority believe that prices will continue to move higher with increased demand, there's also the risk of buy the rumour and sell the fact. Considering that, we can't discount the last several months of gains across multiple crypto coins. Looking at ETHUSD's price, buyers still look to have the cards in their corner for now. We can see a consolidation in the current uptrend, and we have also noted the bullish continuation pattern that is also visible in price at the moment. If the Bulls reign supreme after the SEC approval (hopefully this week), we want to see a strong breakout from the current area that closes above resistance and back into the 2400 area. With further confirmation, that could be the start of a new leg higher. Good trading.
EIGHTCAP:ETHUSD
by Eightcap