The DecenTrader Alpha

by decentrader · January 23, 2024

GM. Bitcoin drops below $40,000. Predator is red across all high timeframes. And FTX has just sold approximately $1B of Grayscale’s Bitcoin ETF.

Past 24hr performance

What Just Happened

What’s Happening Now

Bitcoin is down 2.92% in the past 24hrs at a current price of $39,850. It is down -5.44% so far this year.

Bitcoin: Predator Thermal Vision is currently bearish across all high timeframes. It is only bullish on the 30 minute and 1 hour.

Ethereum: Predator Thermal Vision also trying to turn bullish on lower time frames while 4H to 1D remain bearish.


FOILS Bitcoin and Ethereum: 

The combined FOILS daily outlook for both Bitcoin and Ethereum is BEARISH to NEUTRAL. Open Interest is climbing slightly, while funding rates and Long/Short ratio remain stable.

One’s To Watch – Commando Intelligence Top Scorers:

Commando market conditions are currently flagging a warning signal. UMA has been moving against the broad market trend with its Commando score of 2.0 and a 24hr price increase of 27.02%.

What’s Next

Trend outlook:

The weekly Predator chart is amber on the current candle. This has been the case since the Bitcoin ETF announcement.

In the calendar this week:

  • Tuesday, January 23rd: Bank of Japan Central Bank meeting.
  • Wednesday, January 24th: PMI data release: USA, UK, Eurozone.
  • Thursday, January 25th: US Q4 GDP Advance Release.
  • Friday, January 26th: US Core PCE Inflation Report.

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