The DecenTrader Alpha

by decentrader · March 14, 2024

GM. Bitcoin price continues to grind up higher. Current price is $73,375. Bitcoin has made a fresh all time high every day so far this week as ETF flows continue to be positive.

Past 24hr performance

What Just Happened

What’s Happening Now

Bitcoin is down -0.23% in the past 24hrs at a current price of $73,375. So far this year Bitcoin is now up +73.61%
Ethereum is down -2.18% in the past 24hrs, while Solana outperformed BTC and ETH as it is up 10.64%

Bitcoin: Predator Thermal Vision is now turning bearish across lower timeframes. Higher timeframes remain bullish.

Ethereum: Predator Thermal Vision is turning bearish on lower timeframes for ETH now also.

FOILS metrics: Funding, Open Interest and Long/Short Ratio are neutral for Bitcoin despite the relentless price climb. Open Interest and Long/Short ratio are bearish for ETH.

Solana shines

SOLUSD continues to outperform and make fresh cycle highs. It is up +10% in the past 24hrs and is now approaching Sniper resistance at $180. Underlying Sniper support is down at $136.


What’s Next

Long term trend outlook:

Predator indicator on the 3-day timeframe continues to be bullish for Bitcoin.

Macro calendar key events for next week:

  • Tuesday 14th March: EU: CPI (YoY) Feb.
  • Wednesday 20th March: UK: CPI (YoY) Feb.
  • Wednesday 20th March: US: Fed Interest Rate Decision.
  • Thursday 21st March: US: BoE Interest Rate Decision.


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