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.)
Cryptonews
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.
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.
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
Bitcoin D1 SHORT signal issued by our indicator is still valid.Four days ago, when Bitcoin reached the ceiling of the ascending channel and our team's indicator confirmed the issued short signal, we warned you not to pay attention to the news about Bitcoin like Bitcoin ETF and enter the short position by relying only on technical analysis. This signal will be valid until the Kumo cloud ceiling is touched.
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. ☁️
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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!
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!
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. ☁️
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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. ☁️
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#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! 🚀
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.
LTEUSD is moving within the 76 - 79.4 rangeLTEUSD is moving within the 76 - 79.4 range
General outlook
LETUSD has been trading in a bearish trend within the last day. The resistance level is now located at 79.46
If the pair rebounds from the resistance level, analysts recommend opening a Sell order with a Take Profit at the nearest support level. In case the breakout is confirmed, analysts suggest opening a Buy order.
The Support level is now located at 59.84 and 57.76
Never trade on news. Everything is hidden in the price action !Everyone was looking for ETF confirmation to get long. But the market turned red!
US SEC grants approval for spot bitcoin ETFs - RTRS but the market moved against expectations.
This is why we say never trade with fundamental news.
Everything is hidden in the price action.
Bitcoin had reached the ceiling of the channel and also our indicator had given a short signal. So, contrary to all positions, we opened the shorts and had fun!
BTC Bullish 24H & 1W Horizon☀️ ETH, XRP ☁️ in 1 Week?A bullish sun 🌞 radiates over the global crypto market in the next 24 hours, signaling an optimistic trend before the SEC's awaited decision on spot Bitcoin ETFs. Bitcoin basks in the sunny forecast, ATTMO reveals. ☀️
Over a one-week horizon, the bullish sun continues to shine over Bitcoin and the global crypto sphere. However, some bearish clouds ☁️ will sweep over Ether, Ripple’s XRP, Polkadot, and Uniswap, suggesting potential downside risks.
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ETH USD IdeaI want to share a cautionary note regarding what I consider the most challenging trading zone—one that coincidentally aligns with the neutral zone set by market makers. Tomorrow's news carries the potential to significantly impact the market in both directions. Regardless of the news outcome, maintaining a bias for trading seems precarious. In my opinion, only engaging in scalping may be a prudent approach.
Why engage in a battle when there are countless other charts offering more straightforward setups? I feel it's essential to emphasize that, especially for those without a well-established trading history, tomorrow's news could be destructive. It's a reminder to stay cautious, prioritize safety, and consider keeping funds safeguarded. In our view, no trade is a winning trade if it jeopardizes your financial well-being.
Wishing you all safety and prudent decision-making.
Warm regards.
ETH USD IdeaGreetings, Traders, and a prosperous New Year to all! As we re-enter the charts, the liquidity remains low in both the crypto and forex markets. Currently, no trades have been initiated, as we are patiently waiting for weekly order blocks to signal the commencement of the new year. Additionally, we are monitoring zones for potential discounts.
This routine tends to repeat itself each year, and historically, market activity is often subdued until the end of January. Notably, we are anticipating significant news related to the Bitcoin ETF on the 10th, which could impact our trades that have been performing well since the end of last year. Presently, we have set stops below the latest bullish distribution.
In the event of positive news on the 10th, we anticipate a substantial increase in price. However, it is crucial to acknowledge the fact that we are currently situated within the monthly bearish distribution zone. We will closely observe the developments this week and provide regular updates on our charts.
Stay tuned for further updates. Thank you, and happy trading!
ETH Slightly Bearish 24-Hours, More ☁️ & 📉 Next Week? A bullish sun 🌞 shines over Bitcoin in the next 24 hours, heralding the impending decision by the US regulator on spot Bitcoin exchange-traded funds (ETFs). Cardano, Avalanche, and Dogecoin bask in the sunny forecast ☀️, as ATTMO reveals. Meanwhile, Ether, Ripple’s XRP, and Binance Coin encounter bearish clouds ☁️, signaling potential downside risks.
Over a one-week horizon, these bearish clouds ☁️ will sweep over the entire crypto sphere, hinting at looming downward pressure on Bitcoin. 📉
Follow us and stay weather-aware with ATTMO's insights!
BTC 🌞 24-Hr Forecast-Bullish; 7-Day Bearish, Downside Risk ☁️📉A bullish sun 🌞 shines over Bitcoin in the next 24 hours, heralding the impending decision by the US regulator on spot Bitcoin exchange-traded funds (ETFs). Cardano, Avalanche, and Dogecoin bask in the sunny forecast ☀️, as ATTMO reveals. Meanwhile, Ether, Ripple’s XRP, and Binance Coin encounter bearish clouds ☁️, signaling potential downside risks.
Over a one-week horizon, these bearish clouds ☁️ will sweep over the entire crypto sphere, hinting at looming downward pressure on Bitcoin. 📉
Follow us and stay weather-aware with ATTMO's insights!
3 Strong Reasons Why Today's Bitcoin Crash Was Predictable1. The previous monthly candle failed to close above the monthly ichimoku cloud. It is natural that it is very difficult to braek out the monthly kumo cloud.
The price of Bitcoin had reached the ceiling of the ascending channel, where it was accompanied by a SHORT signal.
Last week, in Daily timeframe the trendline had broken down, and yesterday the pullback was completed, and today it went down to the top of the komo cloud.
BNB Potential 24-Hour Upside 🌥️, One-Week Horizon Bearish ☁️Trading conditions will be mixed for Ripple’s XRP and Binance Coin set to benefit from the bullish sun, while Cardano, Avalanche, and Dogecoin will face bearish clouds ☁️, ATTMO shows.
Over a one-week horizon, these bearish clouds will also sweep over Binance Coin, while Cardano, Avalanche, and Polygon are forecast to gain as a bullish sun will shine. ☀️
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