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Aug.27-Sep.2(ETH)Weekly market recapBTC volatility decreased after BTC gave back the gains from the Jackhole meeting. Currently, the number of stablecoins in the market continues to grow, getting closer to ATH, but there are few market hot spots except memes. After the staking storm passed, we saw the meme rise again. Whether it is Pump.fun on Solana earlier or Sun.pump that appeared on Tron recently, we can see that both large and small entities have turned their attention to memes. Four.meme backed by Binance also began to develop on the BSC chain, trying to capture the popularity after the release of CZ. For the crypto market, except for emergencies, market volatility suffocates any trader, and people can only grow their wealth through memes. The market only transfers wealth and does not create value. Risk assets have fully priced in a September rate cut, and even if there is some difference in value, monetary policy is unlikely to bring additional volatility. This Friday, the U.S. Department of Labor will release the latest NFP data. Unless there is a significant deviation from expectations, risk assets will maintain their trend. Beyond that, the cryptocurrency’s performance relative to NDX remains affected by ETF flows. The volatility of ETH last week was greater than that of BTC, but the overall volatility remained volatile. Trading volume is sluggish. The indicators are consistent with the reaction of BTC. No whales have participated in the past seven days of trading, and the ME indicator maintains a bearish trend. To sum up, we believe that ETH is weaker than BTC. This is also reflected in the capital flows of the ETH ETF. We maintain our original resistance level 2800 and support level 2400. 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
Aug.27-Sep.2(BTC)Weekly market recapBTC volatility decreased after BTC gave back the gains from the Jackhole meeting. Currently, the number of stablecoins in the market continues to grow, getting closer to ATH, but there are few market hot spots except memes. After the staking storm passed, we saw the meme rise again. Whether it is Pump.fun on Solana earlier or Sun.pump that appeared on Tron recently, we can see that both large and small entities have turned their attention to memes. Four.meme backed by Binance also began to develop on the BSC chain, trying to capture the popularity after the release of CZ. For the crypto market, except for emergencies, market volatility suffocates any trader, and people can only grow their wealth through memes. The market only transfers wealth and does not create value. Risk assets have fully priced in a September rate cut, and even if there is some difference in value, monetary policy is unlikely to bring additional volatility. This Friday, the U.S. Department of Labor will release the latest NFP data. Unless there is a significant deviation from expectations, risk assets will maintain their trend. Beyond that, the cryptocurrency’s performance relative to NDX remains affected by ETF flows. Although BTC saw a significant decline on Sunday, the long green candle yesterdays repaired the losses. BTC maintains low volatility most of the time. Judging from the WTA indicator, the blue column representing the whale has not participated in transactions in the past week. Like trading volume, WTA also reflects market downturns. The ME indicator maintains the bearish trend. To sum up, we believe that the recent performance of BTC will still be dominated by fluctuation. In the short term, it will be determined by the capital flow of BTC ETF, and in the medium term, it will be determined by the amount of funds released after the monetary policy turns to loosening. We maintain last week’s resistance level 62000 and support level 52500.
COINBASE:BTCUSD
by Sypool
Sept 2Overview: Labor Day is over, and yesterday the bulls came out strong, pushing COINBASE:BTCUSD back into its trading range, above the $58.4k level. But whose bulls were they—American or Asian? Volume data from Coinbase shows 4.3k for the BTC/USD pair, compared to 10.7k, 8.5k, and 12.1k over the last three Mondays. These numbers are much higher than those for the BTC/USDT pair, indicating it wasn't American bulls who saved the day. On the other hand, Binance reports higher numbers for the BTC/USDT pair, with 23k, 19.4k, 22.8k, and 37.0k for the last three Mondays. Two lessons learned: 1. Check the provider of your chart data and what pair you are analyzing, especially if you're tracking volume or any volume-related indicators such as Volume-Weighted Average Price, volume profile, footprint, cumulative volume delta, etc. 2. The U.S. market honors workdays. Asian bulls came in strong and overpowered the bears. W: Back to the old trading range. Neutral. D: Under BB MA. Possible fake breakout (or fake recovery due to the U.S. holiday?). We'll find out today when the U.S. market opens in a couple of hours. 4h: It was the 5th attempt to break the BB MA, and it succeeded. Now we're at the top of the BB channel, above the most recent high but stalling at the next one, near the point of control. Neutral. 1h: MACD divergence is starting to appear. Bearish. Alts relative to BTC: Altcoin weakness compared to BTC continues to widen. BTC returned to its trading range, and on the daily chart, it looks like a bear trap. However, for major altcoins like COINBASE:ETHUSD , COINBASE:SOLUSD , and COINBASE:SUIUSD , their previous levels have become resistance. Neutral on BTC, bearish on altcoins. Bull case: Since we're holding the weekly range and a bear trend isn't confirmed (at least in the short term), stay bullish. Bear case: Altcoins are weaker, volume is low due to Labor Day, so Asian bulls were pushing up in a less liquid market. Fear and Greed Index: 46.78. Up a couple of points. Neutral. Prediction: The Fed has been revising many data points downward, indicating they might not fully understand what's happening, leading to a lack of trust in their estimates. This week's jobs data might come out much lower, which, combined with other factors, could crash the market. However, before that, we still have a full day of trading during which BTC might trade higher.
COINBASE:BTCUSD
by EvgenCapital
BTC will continue to increase forever, but not in the short term COINBASE:BTCUSD , NASDAQ:NVDA , NASDAQ:COIN , AMEX:HODL , AMEX:ARKB NASDAQ:IBIT , AMEX:GBTC The Long-Term Bullish Case The fundamental argument for Bitcoin's long-term bullishness remains strong. The US Dollar, as the world's reserve currency, has been steadily losing value over time due to excessive government spending and quantitative easing. This inflationary environment creates an ideal backdrop for Bitcoin, which is designed to be a deflationary asset with a limited supply. As investors seek to protect their wealth from inflation, Bitcoin's appeal as a store of value becomes increasingly compelling. Increased Institutional Investment One of the most significant developments in the cryptocurrency market has been the growing interest from institutional investors. These large financial institutions, such as hedge funds, pension funds, and asset managers, have the potential to significantly impact Bitcoin's price and volatility. As more institutions allocate a portion of their portfolios to Bitcoin, several positive effects can be expected: Decreased Volatility: Institutional investors tend to be more patient and less prone to panic selling than individual investors. Their long-term investment horizons and sophisticated risk management strategies can help to stabilize Bitcoin's price and reduce volatility. Improved Store of Value: Increased institutional adoption can enhance Bitcoin's reputation as a reliable store of value. As more mainstream financial institutions recognize Bitcoin's potential, it is likely to become a more widely accepted asset, which could boost its price and strengthen its position as a hedge against inflation. Increased Liquidity: Institutional participation can increase the liquidity of the Bitcoin market, making it easier for investors to buy and sell the cryptocurrency without significantly impacting its price. This can further contribute to price stability and reduce volatility. While the fundamental factors supporting Bitcoin's long-term bullish case remain strong, the technical analysis suggests a short-term bearish trend may be in play. Bitcoin is currently trading within a descending channel, a technical pattern that indicates a potential downtrend. This negative channel is formed by two downward-sloping lines that constrain the price action. As long as Bitcoin remains within this channel, there is a risk of further price declines. Additionally, a bearish crossover has occurred between Bitcoin's 100-day and 50-day moving averages and the 200-day moving average. This technical indicator is often used to identify potential trend reversals. When the shorter-term moving averages (100-day and 50-day) cross below the longer-term moving average (200-day), it is generally considered a negative signal, suggesting that the price may be heading lower.
COINBASE:BTCUSD
by Average_Joe_Options
DOGSUSDT📊 #DOGSUSDT ⏱ TIME: 30M 📝The price broke its support level and moved down. It is now pulling back to this range and is expected to move towards 0.5 and 0.618 fibo from here. The range (blue box) is checked to see if it has reversal potential. But if the green range is broken and the blue trend line is broken, it has the potential to move higher. + If it goes up, the analysis will be updated. +Note: the probability of downward movement is higher than upward movement ⭕️risk: HIGH 📍BUY ZONE:
Short
by lilebi
Sept 1Overview: A significant sell-off occurred at 10 AM on Sunday in New York, which was 9 PM in Shanghai. The Asian bears have made their presence felt. Will American bulls step in to buy this dip, or have they had enough? Between 4-5 AM NYC time, the COINBASE:BTCUSD price was pushed back up to the $58.4k weekly level, but it has now clearly become a resistance level rather than support. As the Labor Day hangover fades and Tuesday approaches, we hope the digital currency market remains intact. W: After Sunday, last week's closing price was below the previous week's opening price and below the weekly level of $58.4k. This is bearish. D: The new daily closing price of $57.3k is the lowest in this retracement since the August 5th crash. Bearish. 4h: Previously, we had visited this low price, but it didn’t close at the end of the day, making it appear as a wick on the daily and weekly candles. However, on the 4-hour chart, it is visible as a candle body, which gives the impression of trading within a price range. If we look at Bollinger Bands, the price has failed to break the moving average since crossing it from the top on August 26th. 1h: This drop in price can be considered a bear trap. This becomes increasingly clear as we move to lower time frames (4h, 1h, etc.). Alts relative to BTC: Altcoins sold off more deeply but are now recovering faster than BTC, mainly due to their volatile nature. Bull case: We held the weekly level, so this could be the bottom. Bear case: Once Tuesday rolls in, the market might start selling frantically. Fear and Greed Index: 42.5 - trending downward. Once it dips below 40, entering the "Fear" zone, everyone should start buying. Prediction: Tuesday will bring a wave of bears. Opportunities: Look for divergences on the weekly and 4-hour charts of major altcoins: Short BINANCE:TONUSDT
COINBASE:BTCUSD
by EvgenCapital
Trading Signal For TRXUSDT Trading Setup: A Trading Signal is seen in the TRXUSDT TRON (h1) Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 0.1553 ⭕️SL @ 0.1534 🔵TP1 @ 0.1615 🔵TP2 @ 0.1657 🔵TP3 @ 0.1705 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
Does Solana will continue their bounce play more than 45% !!Solana has gained more than 45 % from last fall down that was in 5th August 2024 the trend right now is inside the range ( Phase C - Wyckoff Method ) The far target is 216 ( Top of the side way range) if the Re-accumulation phase has succeed. SL is 141.46 ( this for me is consider thin stop loss due to the high BINANCE:SOLUSDT volatility of the crypto market) I am Just sharing insights and market trends for learning and growing every day and it is not financial advice.
Long
by FSelim55
4
$BTC Update - Can bitcoin price touch $100-150K milestone?I have already shared bitcoin fundamental confirmations on X. Here are some technical confirmations related to bitcoin 👇 1. Major Bull flag pattern! 2. Big supply at $68K-58K has been succesfully flipped. 3. Hash Ribbon Buy signal! 4. Pi Cycle indicates BTC is yet to form a cycle top! 5. Weekly 50, 100, 200 EMA as support! 6. NO weekly or monthly RSI bearish divergence. Monthly RSI has not yet touched 85-90. 7. Binance funding rates turned negative for the first time since September 2023. IF YOU LIKE THIS UPDATE, PLEASE BOOST & FOLLOW. THANKS.
BITSTAMP:BTCUSDLong
by cnb006
4
MARKETS week ahead: September 1 – 7Last week in the news The PCE data were the ones to shape investors confidence during the previous week. Data on inflation, personal income and personal spending showed some potential for both rate cuts, and also continuation of high corporate earnings. The US equity markets benefited the most from such market expectations, with S&P 500 surging by 1%, ending the week at 5.648 points. The US Dollar gained in strength during the week, however, the price of gold was not in a mood to follow the negative correlation, ending the month at the level of $2.503. Treasury yields are correcting in line with investors expectation, closing the week on a higher grounds of 3.9%. The crypto market was left aside during the week, with BTC dropping below the $60K. The Personal Consumption Expenditures Price Index is one of the favorite Fed's inflation gauges, which is why the indicator is closely watched by market participants. Posted data are showing further drop of index in July to the level of 2.5%, y/y which was lower from forecasted 2.6%. The same was with core PCE data, where the indicator reached 2.6%, while the market was expecting to see a figure of 2.7% y/y. For the same period, personal spending was increased by 0.5% for the month, while personal income was higher by 0.3% on a monthly basis. Increased spending was something that caught the eye of both investors and analysts, who are now correcting their GDP growth expectations for the US for this year, but also expecting for corporate earnings to continue their uptrend also during the third quarter. Last week, the news covered the topic of a potential further rate hike by the Bank of Japan. Although the majority of analysts are of the opinion that BoJ will not hike interest rates in October, there is some consensus that the year 2025 might certainly bring another increase of interest rates as inflation is picking up in Japan. This question represents a relevant topic considering that there is still a significant outstanding amount of carry trades, which ended up in the US equity and crypto markets. Since recently there has been a huge discussion among market participants over the sale of Apple stocks held by Berkshire Hathaway, while the recent filings are showing that Warren Buffet is also selling shares of Bank of America. BoFA was the third largest stock in Berkshire's portfolio, but was gradually decreased. There is no further explanation from the company on such a move. Analysts are noting that Berkshire continues to stock cash, which currently is at a record high of $227 billion. Since last week, Elon Musk's platform X has been officially suspended in Brazil. The Brazilian Court brought up such a decision after X failed to appoint the official court representative. The court case is investigating the involvement of the platform in spreading misinformation during the government of the former Brazilian President Bolsonaro. As Cointelegraph is reporting, the selling pressure on BTC might continue through another settlement tranche of failed crypto exchanger Mt. Gox, which is due in September. As noted, Mt. Gox will distribute another 46.000 BTCs with current market value of $2.7B. Crypto market cap The optimism on the crypto markets was put on hold during the previous week. Markets were more focused on inflation data, through posted PCE, a Fed's favorite gauge. On the other hand were analysts and investors who perceived increased consumer spending in the US as a positive sign that Q3 corporate earnings might follow the path of previous quarters. Another information should not be overlooked, which is the expectation that another tranche of distribution of BTCs by failed crypto exchanger Mt. Gox might put additional pressure on BTC in September. This combination led to the week in red for the crypto market. Total crypto market capitalization decreased by 9% on a weekly basis, erasing $195B from the market value. Almost all coins finished the week in red. Interestingly, daily trading volumes decreased compared to the week before, from $160B to $103B on a daily basis. Total crypto market capitalization increase from the end of the previous year currently stands at $ 394B, which represents a 24% surge from the beginning of this year. Almost all coins were traded lower during the previous week. In nominal terms, BTC lost the most from all other coins, losing $105.5B in value or 8.3%. ETH took the second place with a drop in value of $34.3B or 10.2%. BNB was another coin with a significant drop in market cap of $8.2B or 9.5%. Market favorite Solana was among significant weekly losers of $12B, which represents 16% for this coin. Drop of more than $ 1B includes coins like Polygon, which was down by 27.3%, Polkadot dropped by 16.4%, ADA was traded lower by 13.6%, DOGE dropped by 11.2%. Among higher weekly losers in relative terms were ZCash with a drop of 25.3%, Maker was down by almost 20%, OMG Network dropped by 21.6%. The majority of other coins lost somewhere between 10% and 20%. In line with a drop in value, there have been movements when coins in circulation are in question. Filecoin added 0.3% of new coins to the market. Polkadot and Polygon increased the number of circulating coins by 0.2% w/w, while this week EOS added 0.4% more coins. Tether increased the number of circulating coins by 0.3% and also increased its market cap by this percentage. Crypto futures market In line with the spot market, the crypto futures were also traded lower. BTC futures ended the week lower by around 7.9% for all maturities. Futures maturing in December this year ended the week at the level of $60.890, while those maturing in December 2025 closed the week at $66.905. The futures dropped below $70K for one more time during the month. Similar situation is also with ETH futures. Short term ones were traded lower by more than 9%, while the long term ones dropped by 8.9%. Futures maturing in December this year ended the week at the level of $2.577, and those maturing a year later were last traded at $2.773, for one more time below the $3K level.
CRYPTOCAP:TOTAL
by XBTFX
The Problem of Fundamental Analysis in the Crypto MarketFundamental analysis in the traditional financial markets involves evaluating a company's intrinsic value through a variety of metrics, such as earnings, revenue, and growth prospects. However, applying this same approach to cryptocurrency networks presents unique challenges. Cryptocurrencies operate on decentralized networks, and their value often stems from factors that don't align with conventional financial metrics. Key Challenges: Traditional Metrics Fall Short: Cryptocurrency networks are not companies with revenues, profits, or physical assets. Therefore, traditional metrics like price-to-earnings (P/E) ratios or revenue growth don’t apply. Misleading Social Media Data: Social media presence and subscriber count might seem like indicators of a project’s popularity or potential, but these figures are easily manipulated. Fake followers, bots, and exaggerated engagement can create a false impression of legitimacy and success. Isolated On-Chain Metrics: While on-chain metrics provide valuable insights, they can be misleading if analyzed in isolation. For instance, a high number of active addresses might suggest widespread usage, but without context, it doesn't reveal whether these addresses represent genuine users or automated bots. Relevant On-Chain Metrics: Number of Transactions: Indicates the level of network activity, but doesn’t differentiate between meaningful transactions and spam. Transaction Cost: Reflects the cost of using the network, which can indicate demand, but also congestion or inefficiency. Active Addresses: Shows how many unique addresses are participating, but could be skewed by the creation of multiple addresses by a single entity. Commissions (Fees): High fees might indicate network demand, but can also point to issues like scalability problems. Hashrate or Coins in Staking: High hashrate or staking levels suggest network security and confidence, but can also centralize control if dominated by a few large players. Design Indicators: Whitepaper: This document outlines the project's goals, technology, and roadmap, but its value depends on the technical understanding of the reader and the honesty of the team. Project Team: The experience and reputation of the team are crucial, but the anonymous or pseudonymous nature of many crypto projects complicates assessment. Competitors: Understanding a project's competitors helps gauge its potential, but the fast-paced nature of the crypto space means that new competitors can emerge quickly. Tokenomics: The economic model of the token, including supply, distribution, and incentives, is vital, but poorly designed tokenomics can lead to inflation or lack of demand. Financial Indicators: Capitalization: Market cap is often used as a quick measure of a project’s size and importance, but can be misleading in low-liquidity markets. Liquidity: High liquidity indicates that an asset can be traded quickly without affecting its price, but low liquidity can lead to price manipulation. Emission Method: The way tokens are issued (e.g., through mining, staking, or ICOs) affects supply dynamics, which can influence price stability and long-term viability. In summary, while fundamental analysis in the crypto market is challenging, a multi-faceted approach combining on-chain metrics, design indicators, and financial indicators can offer valuable insights. However, these should always be interpreted with caution and in context, given the unique dynamics and rapid evolution of the cryptocurrency landscape. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
Final fall? Bitcion Review #BTCAfter the last fall, you entered the zone of interest. Now, we are likely to go to the white box, from which we will see the final movement down and the subsequent impulse with the renewal of new tops or without dipping into the zone of 54-56k. I look at the market extremely positively. -Because everything is down right now - Altcoins -We've held the Bitcoin level. -In a few days, it's September. -Markets rise on fear. Best regards @Forexcryptowithjohn
Long
by Forexcryptowithjohn
$RUT <> $BTCDespite popular belief that Bitcoin operates independently, it closely mirrors the Russell 2000 index during risk-on market periods. Both assets show strong correlation, attracting investors seeking higher returns in optimistic economic conditions. This parallel movement reveals Bitcoin's growing alignment with broader market risk sentiment, though it typically exhibits more extreme volatility. September News: -Fri, Sep 6th Unemployment Rate & Labor Force Data -Wed, Sep 11th Consumer Price Index (CPI) -Wed, Sep 18th FOMC Meeting (Rate Cuts)
TVC:RUTLong
by Flow-Trading