ETH - Bearish ☁️; Price Under Pressure? Time to Short? Bearish clouds and rain linger over the global crypto market in the next 24 hours, indicating downside risks. Particularly Ethereum will come under pressure, ATTMO shows. The price of Ether fell 5 percent to roughly 2,230 dollars.
Ripple’s XRP, Cardano and Dogecoin, however, have upside potential over this time horizon.
Over a one-week horizon, the bearish trading trend will extend to all crypto coins covered by ATTMO, with the exception of Dogecoin which is likely to have additional upside potential.
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Cryptonews
BTC - Bearish Week Ahead? ☁️ ☁️ ☁️ Cryptocurrencies extended their losses over the past 24 hours, with the price of Bitcoin falling below 40,000 US dollars. This level has not been hit since early December.
The price of Bitcoin recouped some of the overnight losses and was down 2.4 percent at 40,070 US dollars at 7:30 CET.
ATTMO shows bearish cloudy and rainy trading conditions linger over the global crypto market in the next 24 hours and week, with both Bitcoin and Ether likely to face further downside pressure.
Binance Coin, Dogecoin and Chainlink should escape and see some bullish sun shining over them over the next 24 hours. Over a one-week horizon, Litecoin, Dogecoin and Chainlink should all have upside potential.
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ADA Faces ☁️ - Time to Short? Most altcoins face bearish trading conditions in the next 24 hours, ADA included. Over a one-week horizon, these bearish and cloudy trading conditions will spill over to Bitcoin which is likely to face downside risk, just as Ether, Ripple’s XRP and Cardano.
“The Cardano network has no meaningful use or any credible track to get it,“ according to K33 Research, singling out the fact that there are no stablecoins issued using the Cardano blockchain.
“No USDT or USDC in a network generally means that no meaningful decentralized finance (DeFi) occurs, and that Tether and Circle attest to this because if something went on, they would issue stablecoins there,” the crypto research consultancy said.
“All price signals also point to Ada gradually disappearing from the crypto map. Ada has not rallied in line with other ‘stronger’ smart contract tokens when markets have improved, which is a strong indicator of a dying coin,” K33 Research warns.
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Update FILUSDTI would like to inform you of an important update regarding our recent transactions on the FIL/USDT pair. Unfortunately, we have incurred losses in our recent operations, impacting our overall performance. It is crucial to understand that trading involves ups and downs, and sometimes, even with thorough analysis, the market can move unpredictably.
The very nature of trading implies risks, and it is essential to remain realistic and disciplined. Accepting losses is an integral part of the trading process. It's a lesson we all learn at some point. Financial markets are dynamic and can be influenced by various factors, including unforeseen events.
Our commitment to transparency remains intact, and I want to emphasize that every transaction, whether winning or losing, is an opportunity for learning. We will analyze the reasons behind these losses in-depth and adjust our approach accordingly. Trading is a continuous journey of improvement, and we are determined to draw lessons from each experience.
Remember that risk management is crucial in trading. It is recommended to diversify investments and never risk more than you can afford to lose. Patience and discipline are critical qualities for long-term success in financial markets.
Thank you for your understanding and continued support. We remain committed to achieving our long-term financial goals while learning and adapting to evolving market conditions.
Best regards,
ETH Faces Downside Risks; 24H, 3D & 7D Horizons Look ☁️ The latest upgrade of the Ethereum blockchain, Dencun, went live on Wednesday. It did, however, face some technical glitches which were eventually fixed.
The price of Ether dropped 0.3 percent over the past 24 hours to 2,450 dollars.
Mixed trading conditions lie ahead for the global crypto market in the next 24 hours. Bearish clouds linger over altcoins such as Ether, Cardano and Avalanche, as forecasted by ATTMO.
Over a one-week horizon, these cloudy skies will also prevail over Bitcoin and XRP, signaling downside risks. This bearish trading trend will extend over Ether, Litecoin, Cardano and Avalanche.
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BTC 24H Upside Potential ☀️; 🌧️ & Downside Risk in 3 DaysLittle has changed over the past 24 hours in the cryptocurrency market after the long-awaited approval of 11 spot Bitcoin exchange traded funds (ETFs) in the US last Wednesday. The price of Bitcoin was unchanged over the past 24 hours at roughly 42,900 dollars.
Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun shining over Bitcoin, Ripple’s XRP and Binance Coin. Bearish clouds linger over altcoins such as Ether, Cardano and Avalanche.
Over a one-week horizon, these cloudy skies will also prevail over Bitcoin and XRP, signaling downside risks. This bearish trading trend will extend over Ether, Litecoin, Cardano and Avalanche.
The next catalyst expected to push Bitcoin higher is its upcoming halving in the second half of April.
BITCOIN Close timeframe analyses - 18/01/24Hello guys,
today Im back with close up on,
What do I expect from BTC, prior coming close to FED meeting Jan31'.
I will try make it clean and simple, since thats How I prefere to handle trades.
On chart I marked Liquidity boxes for each Buyside and Sellside, those are my main targets in IF scenario.
-- IF scenario is --> IF price come HERE, I do THIS! --
So right now I believe that we swept Highs of our Buyside liquidity and close to end of month we will be working on Sellside (marked Lq t1-t3).
But, it doesnt mean that we have to move right now, there is still potentional, that in next few days (1-4) we will move to Optimal Trade Entry t1-t2. Which are 3% resp. 7%.. Which is far away, if you decide to open Short position at this moment. Which, is far from Optimal open in my opinion.
So, what would I do, in case I didnt have Open position?
________________________________________________
For me,the Best option right now would be to Wait until Today Market news happen, and then react to what price do, with a plan...
IF I would have to do something now, I would open Short position, with SUPER thin STOP LOSS range at 1,25% from Price in which are we right now, that would be Close above Yesterday Highs around 43225.99$.. If I goes above, trade is abadoned and I sit on hands waiting till price reach Buyside t1-t2 to Open new Short trade there at right time.
WHY I think there is Highier chance of going Lower then highier NEXT Close to meeting is ,
When I ZOOM OUT, to check Price from Highier Timeframe Perspective
(edit. picture working only after DOUBLE-click openning)
There is Clearly to see that after EVERY move Highier there was Retracment to prior price levels With TIME close to FED events.
In last few Months BTC rallied without really going throuth this process of "backtesting" price, and since we coming to "uncertainity event", I would expect that we may "get it done right now". And just after that, IF there is NO CHANGE in FED policy market Can keep going back to Highs.
Note, I expect we reach at least Sellside t1, potentionally close to t2... Reaching t3 would be considered as "extreme" in this short time. And potentionally GREAT reverse AREA.
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
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.
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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.
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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.
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ETH ☁️ 24H & 1WK Forecast; BNB, DOGE & LINK 🌞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. 🌞
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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