The DecenTrader Alpha

by decentrader · April 17, 2024

To celebrate the Bitcoin Halving you can now get 30% OFF all DecenTrader products. The sale ends on the Bitcoin Halving in 3 days time so take advantage of the deal here.

GM. Bitcoin holds steady after sharp weekend price drop. Current price is $63,910. GBTC outflows exceed other Bitcoin ETF inflows for a third consecutive day.

Past 24hr performance

What Just Happened

What’s Happening Now

Bitcoin is up 1.36% in the past 24hrs at a current price of $63,910. So far this year Bitcoin is now up +51.12%.

Ethereum is up 0.56% in the past 24hrs, while Solana has bounced a little more after falling harder over the weekend. It is up 2.83% vs. 24 hours ago.

Predator Thermal Vision

Bitcoin: While lower timeframes are bullish, higher timeframes remain bearish.

Ethereum: Largely mirroring Bitcoin, lower timeframes bullish but higher timeframes are still bearish.

Sniper Support and Resistance Levels

Sniper resistance level: $68,500.

Sniper support levels: $59,750 and $51,600.

Note, the 200DMA is climbing up towards the lower Sniper support level.


What’s Next

Weekly Predator Trend Outlook:

Macro calendar key events for the rest of the week:

  • Wednesday 16 April: UK: CPI (YoY)
  • Wednesday 16 April: USA: Crude Oil Inventories
  • Thursday 17 April: USA: Initial Jobless Claims

Please read our Terms & Conditions

Select exchange
No available exchanges

✉️ Subscribe

Get our Market Updates for free, directly to your inbox