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Is the SP500 better than Crypto?👀CRYPTOCAP:BTC / SP500 Correlation #Bitcoin and the SPX mostly correlate (move similarly). It is clearly visible that most of the histogram is green except for some cases which I circled in gray areas. 📝What do we have now? Although they are now maintaining a positive correlation, the latest movement of the stock market is even stronger than that of Bitcoin. 💡The stock market is growing due to optimism about increased liquidity and, of course, the AI narrative, which has had a strong impact on MSFT and NVDA, strongly driving the technology sector SP500. So far, most analysts agree that 2024 will be positive for the stock market.
CRYPTO:BTCUSD
by FeelsStrategy
The AI Crypto Boom: Is This the Beginning of a New Era?2023 has witnessed a significant surge in AI-related cryptocurrencies . This boom can be partly attributed to the explosive growth of NVIDIA (NVDA) stock, a leader in the graphics processing unit (GPU) industry, which are used to train AI models. Factors Driving the Growth NVDA's Rise: NVDA's price has been on a tear, forming a bullish manipulative pattern. This bullish trend has inspired investors to have similar expectations for AI-related coins. AMD's Accumulation-Manipulation-Distribution Pattern: AMD is not a competitor of NVDA in this context, but rather an example of a successful "accumulation - manipulation - breakout" pattern. This pattern is characterized by a period of accumulation, where investors slowly buy up a coin, followed by a period of manipulation, where the price is artificially inflated, and finally a breakout, where the price rises sharply due to increased demand. Effect on Other Coins: The bullish trend in NVDA and the successful breakout of AMD's accumulation-manipulation-breakout pattern have led to a surge in AI-related coins such as RNDR, THETA, NEAR, and FET. A Look at Promising Coins: RNDR: Render Network utilizes a decentralized network for 3D graphics and video rendering. The rise of the metaverse could potentially drive demand for RNDR's services. THETA: Theta Labs aims to revolutionize video streaming by providing a decentralized content delivery network. The growth of streaming content could make THETA an attractive investment. NEAR: NEAR Protocol is a smart contract platform focused on scalability and speed. The growth of decentralized applications (dApps) could make NEAR a valuable choice. FET: Fetch.ai is developing a decentralized network for exchanging data and machine learning models. The growth of AI could increase demand for FET's services. Important Considerations: The cryptocurrency market is volatile and unpredictable. It is crucial to conduct your own research before investing in any coin. This article is not financial advice. Only invest what you can afford to lose. Conclusion AI-related cryptocurrencies are experiencing impressive growth. While it is impossible to say for certain whether this is the beginning of a new era, the possibilities of AI in the crypto space are worth considering. However, it is important to conduct thorough research and understand the associated risks before investing.
Editors' picks
RLong
by Yaroslav_Krasko
17
Bitcoin 500-Day journeys before each Halving🚌🚌🚌!!!🔹Bitcoin's number of 500-day journeys has been four since the data was posted on the chart. Although the information about the first journey is incomplete, I tried to complete the candles of the first journey by using valid charts. 🔸In general, Bitcoin's 500-day journeys start when Bitcoin has experienced a new All Time High(ATH) before Halving and then started to fall (around -80%) and has formed a price floor. The price floor can follow Fibonacci levels. 🔹Another sign for the start of the 500-day Bitcoin journey is the crossing of the 6-Simple Moving Average (6-SMA) above the 12-Simple Moving Average (12-SMA) (Buy signal). 🔸In general, this signal is seen 274 days before each Halving, so if we want to confirm✅ the start of the fourth journey of Bitcoin, we must wait for the see of the Buy signal by these two simple moving averages. Currently, these two moving averages are very close to each other, and the candle of April can be of great importance. But there is still time to reach 274 days before the 2024 Halving, so if history is to repeat itself again, we will have to wait until June to see this signal. ❗️ Note ❗️: Another point is that at no time in the history of Bitcoin the price of Bitcoin before the Halving has reached its previous ATH price, so we should NOT expect strange prices for Bitcoin at least until the 2024 Halving. Bitcoin Analyze ( BTCUSD ), Monthly time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITSTAMP:BTCUSD
by pejman_zwin
11
Possible reversal zone and eventual target of the BTC.D+ETH.DPossible reversal zone and eventual target of the sum of BTC and ETH dominance, taking into account past cycles. Considering that there are increasingly more projects and that projects from previous cycles like Solana have been gaining more market share, it is assumed that the dominance of BTC and ETH will not surpass the peak of the previous cycle (as occurred in the previous cycle, where the peak reached the maximum of 2017). The zone of relative equal lows below is the target for the movement preceding the blow-off top. Considering past cycles, the tops are made/hit before the blow-off top. The dashed, red lines mark the peaks of the sum of the dominances, which, in comparison with the bitcoin cycle, precede the blow-off top. Until the blow-off top, both dominances lose to other projects, with bitcoin's dominance being the one that loses the most.
CRYPTOCAP:BTC.D
by RavenstijN
BTC USD confirm sellBitcoin (BTC) price action is showing strength and volatility after seven weeks of consolidation. The current weekly BTC candlestick has already registered a 9.30% gain and is likely to close on a positive note. BTC overcame $42,289, which is the midpoint of the last cycle’s bear market crash of 77%. Additionally, it has also flipped the $45,156 weekly resistance level into a support floor. Hence, investors should keep some gunpowder dry, should Bitcoin price trigger a pullback. For now, the key levels for buying the dips include $45,156 and $43,823. A bounce coupled with a spike in buying pressure could send Bitcoin price to the next key weekly hurdle at $52,062.
BITSTAMP:BTCUSDShort
by JohnHarry_7
1
King Bitcoin is going to be ready for next falling down !!!Dear All, Hope you have a good day! According to chart, you can see that I understand bitcoin is going to complete last upward moving for grabbing enough liquidity for its next falling down wedge if price could not break the 52K - 55K. Anyway, I just want to warn you that maybe it is not so that fancy and good time now to have long positions for long term or holding purposes, It is better to wait until price straggling around 55K and see if buyers are the winners or sellers take their position back. It is just a financial advice BUT the risks of your trades are on your own and upon your decisions. Take care and have nice day !
Short
by AtareumFX
4
Oil to Clear 79.00 Big FigCurrently watching Crude Futs (NYMEX) to clear an Intermediate term High at 79.00 Big Fig. As my mentor says... "To & Through" Reasons: Crude Bullish Seasonally until march/April (Possible Quarterly Shift to downside) Commercials Net LONG DXY Bullish Failed to break lower on Daily (Indicating to me higher prices are in order) HTF MMSM, however Long in play to clear Buyside before reversing above highs & clearing distribution leg Sellside HTF (Daily): Expecting BSL to be ran and staying Bullish until trend broken & IOF Turns Bearish (Should happen above Highs) H4: Expecting a retracement into Internal Range Liquidity as outlined to target External Range Liquidity (Markets are booked like this, in a form of "Handshaking") LTF: Tuesday Feb 13th: US CPI Weds Feb 14th: US Crude Oil Inventories If Bias is correct and Weekly candle is due to expand to upside, I'd be looking for Tuesday to Form Weekly Low & take Longs Wednesday NY IF my model plays out.
NYMEX:CL1!Long
by Grifffx