The DecenTrader Alpha

by decentrader · January 30, 2024

GM. Bitcoin continues to rally, now up at $43,380. Predator is bullish across mid-term timeframes on both Bitcoin and Ethereum. In the news, Anthony Scaramucci predits $170k Bitcoin post-halving.

Past 24hr performance

What Just Happened

What’s Happening Now

Bitcoin is up 0.24% in the past 24hrs at a current price of $43,380 after several days of positive gains.

Bitcoin: Predator Thermal Vision is bullish on 2H, 4H, 12H, 1D timeframes.

Ethereum: Predator Thermal Vision bullish on 1H, 4H, and 12H timeframes.

Sniper tool overview – key support and resistance levels

After taking out the $42,000 Sniper resistance Bitcoin has continued its climb up with the next key resistance level just above $45,000. Support is now at $40,400.

One’s To Watch – Commando Intelligence Top Scorers:

Several coins are currently scoring above 2 on Commando. Thorchain (RUNE) and Render (RNDR) are also green on both the 30M and 1H Predator timeframes as well as having +2 Commando scores.

What’s Next

3-Day Predator Trend outlook:

Despite the recent uplift in price, the 3-Day Predator chart remains RED on the current candle.

In the macro calendar next week:

Tuesday, January 30th:

  • Eurozone: Preliminary GDP data for the 4th quarter will be released.

Wednesday, January 31st:

  • US: The Federal Reserve (FOMC) meeting.
  • China: Manufacturing and services PMI from the China Federation of Logistics and Purchasing (CFLP) will be released.

Thursday, February 1st:

  • UK: Bank of England (BoE) meeting will take place.

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