The DecenTrader Alpha
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
- SEC charges founders of $1.7B HyperFund scheme with fraud.
- Anthony Scaramucci Predicts Bitcoin to Hit at Least $170K post Halving.
- What’s behind Charles Schwab Bitcoin ETF delays.
- Inverse Jim Cramer ETF to shut down after posting negative -15% return.
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.
