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10/11 Can positive earnings season secure BTC Pumpctober?Overview: The AMEX:SPY continues its bullish streak, hitting a new all-time high and marking the fourth consecutive day of gains. But what’s fueling all this excitement? Just a few weeks ago, concerns about World War III and a looming recession were dominating the headlines. Now, it seems like the market is brushing off those fears. Pumping the AMEX:SPY means pushing up the stocks that make up the index, which suggests an improvement in their earnings, particularly net margins. Conveniently, earnings season typically starts in mid-October and runs through late October and early November. This past week, giants like PepsiCo, Delta Air Lines, BlackRock, JPMorgan Chase, and Wells Fargo all reported earnings—and they all beat analysts' expectations. What’s notable about this group is its diversity: from consumer staples like food and beverages to airlines, signaling strong consumer purchasing power, to investment and banking companies, which are more dependent on macroeconomic factors and the Federal Reserve’s decisions. These companies, often beneficiaries of quantitative easing, could be the early indicators of a trend. With such a strong start, we might expect more companies to continue beating estimates, setting the stage for what we’re calling "Pumpctober." In the coming week, we’ll hear from other banking giants like Bank of America, Citigroup, and Goldman Sachs. Healthcare heavyweights like Johnson & Johnson and UnitedHealth Group are also on the docket, along with Netflix. You can find the full list and earnings calendar here: www.ii.co.uk So, let’s sum it up: the market is surging, consumer spending seems robust, and on Friday, Jerome Powell reported higher-than-expected CPI and core CPI. It feels like the economy is running hot, but that also means no immediate need for an interest rate cut. What clouds the picture slightly is a higher-than-expected number of jobless claims—258k compared to the expected 230k, and higher than the previous 225k. If unemployment continues to rise, it could impact company earnings by Q1 and Q2 of 2025. For now, though, we’re all in on Pumpctober, with a 90% chance of an interest rate cut in November, up from 82%. ETF Flow: The big players aren’t buying BINANCE:BTCUSD or BINANCE:ETHUSDT . Retail investors are. BlackRock and Grayscale are still sitting on the sidelines. BTC TA: W: Bitcoin is barely holding onto the Bollinger Band MA and remains below the weekly and daily levels of $64 k. It’s also under the 2024 yearly point of control (Volume Profile indicator) level of $63.2k. However, we noticed that the current price is very close to the closing levels of the last two quarterly candles—June and September both closed at $62.6k. Until it breaks below $61.4k, we can’t call it bearish just yet. D: Thursday’s close below the key $60.5k level appeared to signal a breakout, but BTC quickly retraced, turning that breakdown into a fake-out. If the stock market keeps rallying, some of that liquidity and optimism could spill over into crypto, completing a bullish flag pattern. Saturday is showing some bullish momentum, but we need today’s candle to close above $62.8k to confirm a higher high. 4h: On this time frame, Bitcoin is battling strong resistance at $63k. It’s unlikely we’ll see significant movement on a Saturday, as market makers tend to be less active, but if BTC fails to break out from $63k, it would confirm a bearish trend, and shorting from here could offer a good entry point. 1h: On Friday, we saw 7 consecutive hours of aggressive buying starting at 9 am NYC time, with volume doubling the average and pushing BTC from $61.1k to $63k, a 3.19% jump. Alts Relative to BTC: What was a lower low for BTC was a higher low for ETH, SOL, NEAR, and BNB, which is a bullish sign. However, none of these alts have established a higher high, which cancels out the bullish sentiment. The best move for now is to avoid taking positions until there’s a major breakout with confirmation. Bull Case: We could be on the verge of a trend reversal, breaking the bullish flag pattern. Both the US and Chinese economies are about to be flooded with cheaper money, which could flow into speculative assets like crypto. Bear Case: This is an ideal moment to short BTC if it fails to reclaim resistance and turn it into support. The deadline for confirmation is Sunday evening. Fear and Greed Index: 43, back to Neutral. Prediction: All eyes are on Sunday, 9 pm EST and 6 pm PST, when Asian traders will return to their desks. Expect increased volatility as bulls and bears clash. Mistakes: Both SUI and TAO have continued to pump higher despite lower volumes and volatile price swings of around 15%. If it establishes a higher high, stalls and you short - at least you can trade the range while BTC decides its direction.
COINBASE:BTCUSD
by EvgenCapital
10/9 Good news and bad news...Overview: Which would you prefer to hear first? Let’s start with the good news: the AMEX:SPY has updated its all-time high. If you have a 401k or any other pension fund, you’re likely seeing gains. Also, it's hard to argue that a recession is looming when the stock market is booming. Now for the bad news: crypto is down. Normally, this wouldn’t be alarming, as all markets fluctuate. But it's concerning when we see a divergence between the stock market and crypto. Even riskier tech stocks, like those in the NASDAQ:QQQ index, climbed 0.79%. If traders are eager to buy equities, why not crypto, or at least BINANCE:BTCUSD ? Tomorrow, all eyes will be on Jerome Powell as he delivers the CPI and Core CPI data along with initial jobless claims. Given that recent job reports nearly doubled expectations, we predict fewer jobless claims. The question is: will positive macroeconomic data help? On one hand, it means people have money to spend, which could benefit crypto. On the other hand, it could reduce the chances of aggressive rate cuts, keeping liquidity constrained, and preventing speculative assets from soaring. BlackRock continues dollar-cost averaging into Bitcoin but hasn’t touched its ETH ETF. When did ETH become so hated? CME fedwatch tool shows an increase in the probability of no rate cut in November, up to 17.2%, while the chances of a one-base-point cut sit at 82.2%. BTC TA: W: BTC needs to close above $61.4k to keep bulls in the game. Unfortunately, after today's drop, BTC fell below this crucial level, breaking the bullish structure it had been building since September 7th. Another important level is $62.7k, the point of control for the entire 2024 bull run, which was rejected yesterday. This week is shaping up to print another red candle, following the previous week. D: While the weekly levels are invalidated, the daily levels still offer hope. BTC bounced from the $60.6k support level, and we haven’t seen four consecutive red days since August. If tomorrow's CPI data hints at a bullish sentiment, we might see a small rally back to $62.1k. 4h: Price is currently closer to the lowest Bollinger Band, indicating it needs to catch up with its moving average. 1h: BTC has reached the Bollinger Bands' moving average, but for a stronger recovery, it needs to break beyond this level on the 4h chart to confirm a bounce. Alts Relative to BTC: TAO, SUI, and APT have reached higher highs, but with lower volumes, suggesting that the bullish trend is losing steam. These gains were likely driven by retail investors, FOMOing into the rally. Meanwhile, FTM is showing bearish MACD divergence on the 4-hour chart and was rejected at its weekly resistance of $0.69. Bull Case: At $60k, BTC is relatively cheap, considering how much adoption and recognition crypto has gained in 2024. Since we didn’t experience a massive sell-off in September and have held up into October, this might be your last chance to buy BTC at a sub-$100k price. Additionally, we’re in the Fear territory on the Fear and Greed Index, which historically offers an 83% chance of profitability if bought during this phase. Bear Case: From a technical perspective, things look bearish. Many key support levels have been invalidated, and the likelihood of the Fed not cutting rates in November continues to rise. Fear and Greed Index: 37 (Fear). Prediction: BTC may rebound to $62.1k before resuming its decline. Expect TAO, SUI, and APT to follow BTC's movements, with a potential drop back to pre-BTC ETF levels, which could see declines of 55-60%. Opportunities: Short TAO, SUI, APT, FTM.
COINBASE:BTCUSDShort
by EvgenCapital
10/8 Market Tensions as S&P500 Wobbles Ahead of CPI, BTC Holds.Overview: The AMEX:SPY is hovering around its all-time highs, showing limited movement as investors await Thursday’s CPI report. Anticipation is building, but it seems the U.S. market may not make any significant moves until inflation data provides clearer direction. BTC TA: W: When examining the volume profile of this year's entire bull phase, the point of control—where the most trading volume occurred—stands at $63 K. This explains why BINANCE:BTCUSDT might consolidate at the current price range for longer than expected. Despite a second false breakout attempt, Bitcoin remains trapped between the crucial monthly support level of $61.4K and resistance at $64 K. On one hand, geopolitical tensions are escalating in the Middle East, while on the other, China's government has announced a $28 billion investment package. The SSE Composite Index surged 30%, though it recently corrected by 11% over the last two days. Notably, some of the significant green candles can be attributed to Asian market open times. D: The daily chart paints a clear picture of the price struggling to escape bearish pressure. It’s hovering just below the Bollinger Bands’ moving average. Monday presented a bearish hammer, and Tuesday ended with an indecisive doji. 4h: No divergences are evident on the MACD or CVD. The RSI sits around 45, indicating balanced buying and selling pressure. 1h: Price is oscillating around the $62.2K point of control level without any strong signals for bullish or bearish momentum. Alts relative to BTC: Major altcoins are moving in line with Bitcoin, with little divergence. However, SUI and TAO, after their impressive runs to all-time highs, have begun to correct. Bull case: If Trump is re-elected, accompanied by more interest rate cuts, this could boost the bullish narrative. The bull flag on the weekly chart is becoming more apparent and, if it breaks out, could signal a further upward trend. The formation of a reverse head and shoulders at the beginning of July, August, and September also supports a bullish outlook. Bear case: However, bears point out that we’re still in a pattern of lower highs and lower lows. The double fake bull breakouts in recent upticks further signal caution. The market lacks new narratives, and regulatory crackdowns continue. Major CEXs now require strict KYC compliance, cutting off trading access for users in China, the UK, the U.S., and other key markets. While VPNs offer a workaround, the risks of locked accounts on exchanges registered in jurisdictions like the Cayman Islands add significant risk for traders. Fear and Greed Index: 41.71 - Neutral.
COINBASE:BTCUSD
by EvgenCapital
10/7 Can BTC hold bullish trend or was it a fake break out?Overview : The AMEX:SPY posted a decisive red candle today, with a strong bearish body. It’s rare to see appreciating equities while global liquidity has been declining for 21 consecutive days. The index is now trading at the lower end of the range established after the rate cut. The main sectors pulling it down include big tech (with the exception of beloved NVDA, which rose 2.24%), as well as utilities, insurance, and finance. On the other hand, oil, gas, and healthcare showed gains. Since Friday, the number of traders expecting no rate cut in November has quadrupled from 2.6% to 13.7%. This reflects market uncertainty: while no rate cut means continued tight credit conditions and less liquidity, it also signals the Fed’s confidence in a strong job market and rising salaries. The question remains, which factor will weigh heavier on speculative assets like crypto? Less liquidity suggests a bearish outlook, but a stronger job market could be bullish. This week could be pivotal for crypto. The question is whether BINANCE:BTCUSDT will hold above the 61.5k support level or break down, ending the fifth wave of this year’s crypto bull run. BTC TA : Weekly : After bullish momentum yesterday and earlier today, Bitcoin has since corrected. It’s now sitting at the BB MA and has moved away from the biggest volume node, leaving the point of control (POC). The 61.3k - 62.6k range isn't seeing much volume, and BTC will either hold above this or break through, which would be critical. Daily : Bitcoin retested the MM BA resistance after falling beneath it. Monday ended with a bearish hammer, signaling caution. No major divergences were spotted on key indicators. Last week on Friday we wrote "Daily had a nice pull back after dumping from bull trap. Given the last 16 days of trading, upper resistance is at $63.3 k. It will need a real miracle to brake that level." The promised pull back played out. Price actually rose to 64.4k. But miracle of braking it didn't happen. 4-Hour : No divergences, and the trend seems uncertain. 1-Hour : Over the weekend, Asian bulls pushed BTC upwards, triggering short liquidations that drove prices up to 63.9k. However, the upward movement was halted at the significant weekly resistance of $64 k. A pullback followed. Early Monday, U.S. bulls retested the $64 k level again, pushing prices as high as 64.4k. This retrace fell within the Fibonacci golden pocket, specifically between the 0.618 and 0.786 levels when measured from the high on September 27th. Alts Relative to BTC: NEAR, APT, TAO, FTM, and SUI are outpacing BTC and other altcoins as Monday progressed. ETH and SOL, however, remain closely aligned with BTC’s movements. Bull Case : Since early September, we’ve seen the beginnings of a new bull run, which could be fueled by potential rate cuts and improving macroeconomic conditions. A breakout from the bullish flag consolidation pattern forming on the weekly chart could lead to significant upside. Bear Case: The fifth wave may already be over, and we could be headed downward, marking the end of this year’s bull run. Fear and Greed Index : 41.49, indicating a neutral sentiment. This week holds the key for BTC's next move. Will it hold support or break down? Stay tuned.
COINBASE:BTCUSD
by EvgenCapital
TAO Takes the Lead: Shifting Focus to the Top AI RunnerI was hesitant to post this setup since it’s already done a 2x from the lows. I completely overlooked GETTEX:TAO as a major runner in #AI, so I stuck with NYSE:FET instead. But now I see that GETTEX:TAO has a much stronger chart and greater potential. Both the weekly and monthly charts show confirmations, with the monthly possibly reaching over $1500. The daily just printed another trend, with $715 as the first target, and it’s likely to hit another ATH. It’s clear that this one is the leading AI mover, so I’ll shift some funds into this. I plan to ladder in my buys and hope for a retest at $545.
Long
by ZelfTrade
10/4 Nice rebound. Can we crash now? Overview: The AMEX:SPY opened Friday significantly higher than Thursday’s close, forming a bullish hammer candle and edging closer to its all-time high. This week closed higher than the previous week, though the previous week did see higher prices. The NASDAQ:QQQ mirrored the S&P’s action, showing similar price movement. BlackRock continues dollar-cost averaging into its ETH ETF, while other major players remain on the sidelines. One critical trend to monitor: Bitcoin has historically struggled to hit new all-time highs or maintain upward momentum when the Global Liquidity Index is in decline. Unfortunately, the index has been falling for the past 19 days. You can learn more about Global Liquidity Index and add it to your chart: The CME Fed Watch Tool has now removed the possibility of a half-percentage point rate cut in November, replacing it with a chance of no rate cut at all. Currently, 2.6% of traders believe there will be no rate cut in November, while 97.4% expect a 1 basis point cut. Even with a rate cut, it will take time for liquidity to flow back into markets. By the time that happens, Bitcoin may hit its bottom for this cycle, signaling the start of a new bullish phase. Be sure to have cash ready for that opportunity. BTC Technical Analysis: W: BTC’s price is nearing the Bollinger Band Moving Average (BB MA) at $62.6k. If Sunday’s price rises by $456, it would close at or above that level, offering temporary hope to bulls. However, a more critical level to watch is the previous weekly close at $64.1k. D : After a significant pullback from the bull trap, daily resistance is set at $63.3k. Breaking that level will require significant momentum. 4h & 1h: No clear signals on these timeframes. In a limbo. Altcoins Relative to BTC: APT and TAO have remained stable over the last 5 days, showing no significant declines after BTC’s bull trap. Shorting opportunities might arise soon. Bull Case: Looking at the past 28 days, we see a clear bullish trend with higher highs and higher lows. As liquidity eventually enters the market, more capital could flow into crypto, pushing prices higher. Bear Case: On a broader scale, since the start of the year, the market is still showing lower highs and lower lows, suggesting bearish risks are still present. Fear and Greed Index: 40.78 – Back to neutral.
COINBASE:BTCUSDShort
by EvgenCapital
BitTensor (TAO) – Major Resistance at $683! Time to Reallocate?📊💥 BitTensor Soars – Profit-Taking Time? 🚀 Let’s take a look at BitTensor (TAO). We’ve been riding this wave since $83 and increased positions around $135. Now, with the price currently at $584, I’m eyeing my personal target of $683, where I’ll be taking at least half of my profits and reallocating to other promising projects. BitTensor’s market cap is nearing $4.5 billion, ranked 25th overall, but its trading volume is slipping to 36th. I’m happy with the gains so far and see $683 as a key resistance level, perfect for profit-taking. Once I’ve cashed out some gains, I'll look to reinvest into projects with more upside potential, such as Sui, Sei, Tia Celestia, CRGPT and AIOZ. It’s been a great run, but it’s time to plan the next move! Let me know your thoughts and let’s continue to navigate these markets smartly. One Love, The FXPROFESSOR 💙
Long
by FX_Professor
6
9/30 Market Surge: SP500, Crypto, and Whale AccumulationOverview: The AMEX:SPY closed strongly today, spurred by dovish remarks from Jerome Powell during a press conference. Powell signaled that the economy is cooling and reiterated the Federal Reserve’s commitment to achieving 2% inflation. As a result, 61% of traders now anticipate a 1 basis point rate cut in November, while 39% expect a 2 basis point cut. The AMEX:SPY had been gradually sliding earlier in the day, but Powell’s comments fueled a rally, allowing the index to engulf Friday’s red candle. Trading volume for the SPY ETF more than tripled during the press conference, reaching levels similar to Wednesday, September 18, when the recent rate cut was announced. Bullish. The tech ETF NASDAQ:QQQ didn’t manage to engulf Friday’s candle but still saw a solid rally, accompanied by trading volume that was 10x higher than usual. BlackRock continued its buying spree, acquiring $72.2 million worth of BTC, which is below their usual $118 million purchases. Over the past six days, BlackRock has accumulated nearly half a billion dollars worth of BTC and an additional $100 million of ETH. Is this how whales are dollar-cost averaging into the market? BTC TA: W: BINANCE:BTCUSD saw a sharp sell-off originating from Asia early Monday. Despite this, it remains above the Bollinger Band MA at $62.8k. The point of control for the current bull move is at $63k, with key weekly and daily resistance at $64k. BTC must hold within the $63k-64k range to maintain the bullish trend; failing to do so could signal one of the year’s largest bull traps. D: The recent correction has halted precisely at the point of control, where the most trading activity occurs. However, the RSI remains overbought at 73.4, and the MACD shows bearish histogram divergence. Bearish. 4h: On shorter timeframes, RSI has moved into oversold territory. Additionally, the VWAP oscillator has crossed above the 0 line, signaling short-term bullishness. A rebound to the $64.7k Fibonacci 0.618 level is possible. Bullish in the short term. 1h: Price broke through the weekly and monthly resistance at $64 k but is struggling to maintain this level due to significant selling pressure. Neutral to bearish. Altcoins Relative to BTC: Top altcoins have started pumping again after Monday’s correction. Coins like SUI, APT, and FTM posted gains of more than 7% by early Tuesday. These altcoins have proven that the recent correction was not a bull trap and are leading the market in this cycle. Even if BTC remains range-bound, altcoins could continue to pump, interpreting the situation as a non-bear market scenario. Bull Case: The bull trap has been avoided, and the market has resumed its uptrend. With additional liquidity expected from future rate cuts, the correction is seen as a temporary pullback. The Federal Reserve's dovish stance increases the likelihood of more liquidity flowing into speculative assets like crypto. Bear Case: The market may still be caught in a massive bull trap. Altcoin buyers at these levels could find themselves overexposed if the broader market falters. Fear and Greed Index: Currently at 47.89, the index has pulled back from the "Greed" area and is now just below the midpoint of 50, indicating a neutral sentiment in the market. Prediction: If BTC fails to reclaim $64 k , sentiment may shift bearish in the near term. Conversely, reclaiming this level could pave the way for further upside, with a first target of $67k.
COINBASE:BTCUSDLong
by EvgenCapital
TAO Bittensor, my revenge chart after my defeat.Project description: Bittensor ( GETTEX:TAO ) is a decentralized machine learning protocol that incentivizes users to contribute computing power and train AI models on the blockchain. By leveraging a decentralized infrastructure, Bittensor aims to create an open, permissionless network for AI development. Type of project: Decentralized AI and machine learning protocol. Is it under a block?: Yes, Bittensor operates on its own blockchain, utilizing a decentralized network to facilitate AI model training and computation. GETTEX:TAO is used as the native token to reward participants who contribute to the network. Latest update or news: As of July 2024, Bittensor introduced Neuron Staking, allowing participants to stake their GETTEX:TAO tokens on AI models they believe will perform well, further aligning incentives within the network and driving improvements in model quality. Narrative: Decentralized AI, machine learning, blockchain infrastructure, and incentive-based computation. Why is it a good investment? Institutional Backers and Angel Investors: 1. Multicoin Capital: Multicoin Capital has backed Bittensor due to its innovative approach to decentralized AI, seeing it as a key player in the future of decentralized machine learning networks. Outlier Ventures: Outlier Ventures, a venture capital firm known for supporting Web3 and AI projects, has invested in Bittensor, recognizing the importance of decentralized AI infrastructure. KR1: KR1, a European blockchain investment firm, has also supported Bittensor’s vision for open, permissionless AI model training on the blockchain, seeing it as a critical step toward decentralized AI systems. 2. Angel Investors: Trent McConaghy (Founder of Ocean Protocol): While not directly invested, McConaghy has expressed strong support for decentralized AI projects like Bittensor that utilize blockchain technology to democratize access to AI resources and data. Sandeep Nailwal (Co-founder of Polygon): Nailwal, known for supporting decentralized infrastructure projects, has voiced interest in Bittensor’s approach to incentivizing AI model training through decentralized computation, though no confirmed direct investment. Futuristic Use Case: Decentralized machine learning model training: Bittensor enables the training of AI models in a decentralized manner, allowing participants to contribute computational power and data, which is crucial for building AI models that are not dependent on centralized entities. Incentivized AI development: Bittensor’s tokenomics incentivize participants to stake GETTEX:TAO tokens on high-performing AI models, aligning incentives across the network and driving continuous improvements in the quality of AI outputs. AI model sharing across industries: Industries such as healthcare, finance, and research can benefit from Bittensor’s decentralized AI models, which allow for the sharing and optimization of AI models across sectors in a transparent and permissionless way. Secure and transparent AI computation: By leveraging blockchain’s security and transparency, Bittensor ensures that AI models and computations are performed in a trustless environment, reducing risks associated with centralized AI model training. Why will it make a significant amount of profits? Unique competitive edge: Bittensor stands out from traditional AI platforms by decentralizing the training and development of machine learning models. This creates an open and permissionless ecosystem where anyone can contribute to AI development and be rewarded, giving it a unique position in the AI market. Growing demand for decentralized AI models: As the AI industry grows, the need for decentralized infrastructure that allows for transparent, secure, and scalable AI model training will increase. Bittensor’s approach of incentivizing contributors with GETTEX:TAO tokens will attract more participants and developers, driving demand for the token. Neuron Staking and incentivization model: Bittensor’s Neuron Staking system allows participants to earn rewards by staking GETTEX:TAO on AI models they believe will succeed. This creates a sustainable revenue model while encouraging continuous innovation in AI development. Revenue from AI model training and computation: Bittensor generates revenue by offering decentralized AI model training and computation services. As more businesses and developers use its infrastructure for AI model optimization, the value of GETTEX:TAO tokens will increase due to the growing demand for decentralized computation.
Long
by osodatsismoso
AIT Protocol; One Stop Shop under TAO Bittensor!Project description: AIT Protocol is a decentralized AI infrastructure platform designed to enhance the development and deployment of AI-powered applications by leveraging blockchain technology for secure data sharing, decentralized computation, and AI-driven services. Type of project: AI infrastructure and decentralized computation protocol. Is it under a block?: Yes, AIT Protocol operates on Ethereum and other compatible blockchains, utilizing smart contracts to manage AI-driven services and secure data exchange across decentralized networks. Latest update or news: As of August 2024, AIT Protocol launched its AI-as-a-Service (AIaaS) feature, enabling developers to access decentralized AI models and computation resources for building and scaling AI-powered applications on the blockchain. Narrative: AI infrastructure, decentralized computation, AI-driven services, and blockchain-based AI applications. Why is it a good investment? 1. Institutional Backers and Angel Investors: Pantera Capital: Pantera Capital has invested in AIT Protocol, recognizing its potential to bridge the gap between AI and blockchain, focusing on decentralized AI applications and services. Framework Ventures: Framework Ventures has also backed AIT Protocol due to its unique AI infrastructure approach, enabling decentralized computation and AI services in a secure and scalable manner. Outlier Ventures: Known for supporting Web3 and AI projects, Outlier Ventures has invested in AIT Protocol to push the boundaries of decentralized AI and its integration with blockchain ecosystems. 2. Angel Investors: Ben Goertzel (Founder of SingularityNET): While not directly confirmed, Goertzel has shown interest in projects like AIT Protocol that focus on decentralizing AI and integrating it with blockchain for secure and scalable solutions. Chris Dixon (a16z Crypto): Dixon, a key figure in supporting blockchain and AI convergence, has expressed support for the type of decentralized AI services that AIT Protocol aims to provide, though no direct investment has been confirmed. Futuristic Use Case: Decentralized AI applications: AIT Protocol enables developers to create AI-powered dApps that leverage decentralized computation and data storage, allowing for more secure and scalable AI models that can be accessed by a global user base. AI-driven services for enterprises: Enterprises can use AIT Protocol’s AI-as-a-Service (AIaaS) to integrate decentralized AI models into their business operations, providing automated insights, decision-making, and process optimization while maintaining data security. Cross-chain AI integration: AIT Protocol is designed to operate across multiple blockchains, enabling AI models to interact with different ecosystems and provide AI-driven services across various decentralized platforms and dApps. Decentralized data sharing for AI training: By leveraging blockchain technology, AIT Protocol allows secure, transparent data sharing for training AI models, solving critical issues related to data privacy and security in AI development. Why will it make a significant amount of profits? Unique competitive edge: AIT Protocol’s focus on decentralized AI infrastructure gives it a competitive edge in both the blockchain and AI sectors, providing scalable AI solutions that are not tied to centralized entities, thus appealing to developers, enterprises, and AI enthusiasts alike. Growing demand for AI services: As the demand for AI-driven services continues to grow across industries, AIT Protocol’s decentralized AI infrastructure will attract more developers and enterprises looking for secure, scalable AI solutions, driving demand for NYSE:AIT tokens. Revenue from AI-as-a-Service (AIaaS): AIT Protocol’s AIaaS model creates a sustainable revenue stream by enabling developers and businesses to access decentralized AI models and computational power for a fee, which will drive the utility and value of the NYSE:AIT token. Integration with Web3 and decentralized ecosystems: As more decentralized applications and platforms seek to integrate AI capabilities, AIT Protocol will play a critical role in providing AI services across Web3 ecosystems, making it a key infrastructure player in the growing blockchain and AI intersection.
Long
by osodatsismoso
4
9/28 Huge trend reversal. Bullish on crypto. Overview: Both the AMEX:SPY and NASDAQ:QQQ closed with red candles, yet neither index dropped below the previous day's low. This, coupled with low trading volume, suggests the current price levels may hold for a while. Both indices display bearish divergences on the MACD histogram and lines, signaling potential weakness. The Federal Reserve reported August’s core PCE at 2.7% y-o-y, aligning with expectations and slightly up from July's 2.6%. Speculation surrounds whether rate cuts are fueling inflation, though typically, it takes months for such measures to impact the economy. Next year’s CPI and PPI readings will be crucial. ETF funds have been on a buying spree for seven consecutive days, with September 27th seeing record-high volumes—five times the average. Bitcoin Technical Analysis: W: BINANCE:BTCUSD remains above the Bollinger Bands’ MA, in line with the yearly bull-run volume point of control. After two months of bearish sentiment, signs of a trend reversal are emerging. Resistance is at $67.5k. Bullish. D: BTC broke above $64 k on Thursday and has held above this key level. However, RSI is now at 66.57, approaching overbought territory. 4h: RSI is overbought at 73.28, showing a double peak. MACD’s bearish crossover suggests a pullback to support levels at $65.2k or $64.4k. We expect either a pullback or sideways trading, allowing the MA to catch up. Bearish to neutral. 1h: The lower timeframes indicate BTC is undergoing a correction phase. Neutral. Altcoins Relative to BTC: No major divergences are observed. Unlike BTC, ETH and SOL have yet to reach their previous August 25th highs. Newer alts like SUI, TAO, and NEAR have surpassed their highs, showing strong performance. Bullish Scenario: With BTC holding above GETTEX:64K on the weekly chart, a bullish outlook is more plausible. Global rate cuts may inject liquidity into speculative assets, boosting crypto prices. Bearish Scenario: There’s a risk that the current rally is a bull trap, with a potential sharp reversal. Fear and Greed Index: The index is at 56.67, nearing the “greedy” zone, indicating growing optimism. Prediction: BTC may correct to $64 k before resuming its rally, with the next target being $67k. Opportunities: Bearish: BNB is at monthly resistance, with MACD bearish divergence. NEAR, RNDR, TAO, FTM, and UNI have hit weekly resistance levels, suggesting potential trend reversals. FTM and UNI still haven’t completed their corrections, and MACD divergences may appear over the weekend. Bullish: AR has rebounded from its weekly support level, indicating a strong recovery.
COINBASE:BTCUSDLong
by EvgenCapital
$TAO Bittensor to $5000Can TAO Bittensor hit $5k in the coming weeks? We know that Bittensor is heavily focused on AI and machine learning models. It works and some of the incredible subnets that have been built out so far. Bittensor is pumping aggressively, however it's now on key resistance. If we can manage to hold $480 to $450, we can see it going to $650 The key support I'm watching to maintain its bullishness is around $370 area I think when the alts season really kicks in, I don't think why TAO won't go hypothetically to the price of $5k
by Tealstreet
1
TAO ANALYSIS (12H)It looks like a completed double correction which was our wave A and where we put the green arrow on the chart it looks like a bullish pattern has started on the chart. The Boolean pattern appears to be a diametric. We are now in wave E of this diametric. From the red range, the price can be rejected downwards. Closing a daily candle above the invalidation level will violate this analysis and view. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
#TAO/USDT Potential Rally Incoming!#TAO Price Update & Analysis TAO is rallying as expected. It broke above the resistance trendline, retested the 35 EMA, and has recently rebounded. - Breakout: Confirmed. - Retest: Confirmed. - Optimal Entry Range: $235 to $281 (Accumulated). The strategy will remain the same: - Accumulation: DCA every dip. - Stop-loss: Not placing one—accumulating for long-term holding over the next few months. - Key Profit Levels to Watch: - $389 - $477 - $550 - $675 - $743 Do your own research (DYOR). This is not financial advice. Thank you #PEACE #TAO #Crypto
Long
by Cryptorphic
9/13 Will BTC Hold the Line? Eyes on Rate Cut and Reversal!Overview: Phone vibrates... Voice: "Bogdanoff, he panic sold." Bogdanoff: "Temporary bottom, reversal." Voice: "He’s not biting." Bogdanoff: "Pump it and paint a bull flag." The VANTAGE:SP500 has posted five consecutive days of gains, stopping just 0.71% short of its all-time high. Meanwhile, NASDAQ:QQQ still needs to rise another 5.84% to match its previous peak. However, both indices have seen declining volume for the past three days, signaling that market participants are bracing for Wednesday’s rate cut. Whether it will impact crypto positively or negatively is the big question. Given the meteoric rise this week, Monday and Tuesday are expected to be flat or slightly negative as traders take profits ahead of anticipated volatility. ETF flows are showing signs of divergence. On Friday, Fidelity retail traders loaded up on COINBASE:BTCUSD while Blackrock sat on the sidelines once again. Meanwhile, Ethereum continues to be ignored, with Grayscale Trust even selling. Are altcoins really that depressing? W: Bitcoin broke through the $58.4K weekly level but still has a long way to go before signaling a trend reversal. BTC needs to cross and hold above the $63K level to confirm a weekly uptrend. This week will likely close with a solid green candle, although a Sunday evening sell-off could bring the price back to the moving average around $58K. D: As we mentioned yesterday, "This is either a chance to enter at the beginning of a new bull wave or the highest BTC will be in a long time." BTC crossed the Bollinger Bands’ moving average and the weekly level, moving into a new range between $58.4K and $61.47K. 4h: The price is now at an overbought RSI level of 70.89, signaling short-term bearishness. 1h: RSI is even more overbought at 77.06. Alts relative to BTC: As noted earlier, the BTC vs. alts divergence is currently unfolding. Of the major coins, only BINANCE:TAOUSDT has outpaced BTC’s 4% rise, with a 9% gain. Still, there's no sign of TAO being listed on Coinbase. Bull case: If Jerome Powell manages a smooth landing, we could see gains from big tech stocks like Nvidia being recycled into small-cap tech and crypto. Following the first couple of rate cuts, if inflation remains under control and employment stable, the Fed could continue its policies, boosting global liquidity and fueling the final phase of the 2024 crypto bull run. Bear case: ..phone vibrates. Voice: "Bogdanoff, he bought." Fear and Greed Index: 38.35, still in Fear territory. The last time BTC was at $60.3K, the Fear and Greed Index was between 43 and 55. Could this be another divergence? Prediction: Expect a short-term correction to $58.4K, followed by rate cut-induced volatility next week.
COINBASE:BTCUSD
by EvgenCapital
#TAO/USDT 250%+ Potential Profit! Breaking Out!!#TAO : One of the Best-Looking Breakout Charts! With only 1 million in supply, this coin has the potential to serve as a well-balanced asset to complement your more volatile investments. - Breakout: Confirmed - Retest: Currently in progress - Optimal Entry Range: $235 to $281 (Accumulate) - Target: Potential 250% gains as the altcoin market rallies! - Key Profit Levels to Watch: - $389 - $477 - $550 - $675 - $743 Stop-loss: Not placing one—accumulating for long-term holding over the next few months. Note: Do your own research (DYOR). This is not financial advice. Want more setups for spot and futures? Follow me and like this post! Thank you #PEACE
Long
by Cryptorphic
2
Alikze »» FET | Bearish Flag🔍 Technical analysis: Bearish Flag - In the analysis presented in the weekly Time, after a corrective trend up to the major ceiling area, it encountered demand, which led to a growth of more than 80%. - Currently, in the 4H time frame in an ascending channel, in the middle area of ​​the channel, as you can see in the chart, a bearish flag has been formed. - Therefore, due to the failure of the supply zone, which is also recorded as a rejection candle, it can have a correction to the origin of movement after exiting the short-term ascending channel or the flag as high as the previous leg. 💎 Alternative scenario: In addition, if it can stabilize above the supply zone, the bearish flag pattern will be invalidated and it can continue up to the top of the growth channel. 🛑 Resistance: 1.172 🟢 Support: 0.78 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:FETUSDT
Short
by alikze
TAO Update in a Daily TimeframeTAO is currently in a descending triangle pattern, forming a downtrend. After being rejected by the 100 EMA and the resistance trendline, TAO has dropped nearly 28% and is currently holding support at $260. If TAO fails to hold the primary support, it is expected to find support at $212, followed by a potential rebound. For a bullish rally, TAO must break out above the 100 EMA and the resistance trendline, either from the primary support or the lower support. Note: Be sure to conduct your own research and analysis before investing. Regards, Team Dexter. #Tao #Crypto
by Dexter_The_Trader