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DASH - USDT UPDATE on 4th January 2025... Where's it off to?Technical analysis hints a downturn... but I've got this "hunch" in my "stomach" that it could actually go up... Do you see my dilemma? Tread carefully and don’t rush... Sometimes, it’s smarter to look for other chances instead of jumping into a "half-baked" trade... Take it easy... You've got the whole year to play the trading game! ;) PS: here’s a printer-friendly "KISS" chart... and just so you know... leverage *10 on Binance is the way to go... ;)
by G-money2022
Mar.26-Mar.31(ETH)Weekly market recapThe market enters April. This is the month when BTC and BTC forked coins will be halved. Historically, BTC has experienced a certain correction (greater than 20%) before the past four halving times, and then started the main rise of the bull market. There was no significant drawdown in this cycle. Perhaps the BTC ETF and staking activities have increased the demand for BTC and ETH compared to the past. On the macro front, in the past three months after entering 2024, the performance of employment data and CPI in the United States has not been good, and the market's expectations for interest rate cuts have gradually moved backward as the indicators have deteriorated. The market currently expects that interest rates will begin to be cut at the June FOMC, but judging from the current economic data, there is still the possibility of further postponement. ETH gradually weakened after hitting 4000 in mid-March. The price rebounded above 3500 and then entered a range. The rebound is weaker than that of BTC, which may also be caused by the decline in popularity after Dencun’s upgrade or the unclear prospect of ETH ETF. And there is currently a large amount of ETH staked in the staking or restaking protocol, which poses a risk of volatility. From an indicator perspective, ETH remains weak. There was no blue columns representing whales during last week's rebound, and there was a decline in trading volume. Although the ME indicator remains bullish, the wavy area gradually narrows. Switching to the 4h level, based on the recent fluctuation, the ME indicator maintains a slightly bearish, but this is not important. One of the few things makes us exciting is that during the callback of ETH, MBF showed bottom-buying sentiment, which is consistent with BTC. To sum up, we believe that ETH is in worse shape than BTC. The power of bulls weakens. We maintain the original resistance level of 4000 and lower the support level to 3100. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
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!
Education
by Bullishway1
2
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.
Short
by Bullishway1
5