CRYPTOCAP:BTC.D has been climbing steadily since the start of this bull run. It’s often said that an altseason begins when BTC dominance drops below 55%. However, the 54% level appears to be a strong support zone, with the MACD showing a low point and the RSI entering oversold territory. My analysis suggests that BTC dominance has established a range between 59% and 55%. It’s likely to bounce off the top resistance, pushing dominance back toward the support. If the next drop breaks through this support, it could finally trigger a true altseason.
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Very simple concept that people should be aware of. When DXY runs it is because investors are risking off from the market into USD for some reason. Usually DXY will run in opposition to the majority of Stocks, Crypto and other risk on markets. The Fed has announced yesterday that there will be less rate cuts than expected in 2025 and are hawkish causing a market wide selloff into USD and other safe haven assets. This risking off may be done and we could see a reversal on the DXY, a failed breakout: or we could be in for more pain. It's a big warning sign.
Strong bullish trend on the 1H followed by a break and retest of structure in addition to the Fibonacci rejection makes for a good probability trade
BTC is currently exhibiting an upward trend, trading within a parallel channel characterized by inclined support and resistance levels. Notably, BTC has experienced three instances of reversal from support and three from Resistance levels. Presently, BTC is positioned at the support level and has initiated a reversal, indicating a directional bias towards the upside. Our recommended buy zone for BTC is between 96500_97500 With potential take Profit level at T.P1= 100000 T.P2= 103000 T.P3= 105000 T.P4= 108000 Having stop loss= 94500
Novice TA, not financial advice. To me, looks like it could fall to ~$1.90 next
CURTAIN CALL FOR CRYPTOCAP:BTC ? Need to close the Day above $99k to hold this uptrend and .786 Fib level Tomorrow will be a big day to watch ? If we get a 3rd bearish candle that will signal our final dump to $85-90k before we take our next leg up to $115k ? Volume trending bearish along with the RSI showing more room for downside. Don’t get shaken out! Santa Claus is coming to town ?
ECONOMICS:JPIRYY (November/2024) source: Ministry of Internal Affairs & Communications https://www.tradingview.com/x/Pl557xIE/ - The annual inflation rate in Japan climbed to 2.9% in November 2024 from 2.3% in the prior month, marking the highest reading since October 2023. The core inflation rate rose to a 3-month high of 2.7% in November, up from 2.3% in October and surpassing estimates of 2.6%. Monthly, the CPI increased by 0.6%, the highest figure in 13 months.
OpenAI CEO Sam Altman sat before Congress in 2023 to testify about the dangers of AI. He told American lawmakers at the time that he owns no equity in OpenAI, something he’s said many times, claiming he just runs the company because he loves it. However, Altman recently said he actually did have some equity […] © 2024 TechCrunch. All rights reserved. For personal use only.
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