The DecenTrader Alpha
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
- FTX Sells $1B of Grayscale ETF taking their GBTC ownership to zero.
- Cointelegraph’s 3 bull market narratives you may not know about yet.
- Coinbase CEO Brian Armstrong shows respect for Jamie Dimon.
- Ether supply could be impacted by Dencun upgrade scheduled for March.
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.
