The DecenTrader Alpha
GM. Bitcoin price is ranging at $42,800 as the market remains uncertain about the direction of the next move. Predator remains red on the 3-day timeframe. In the news, Janet Yellen calls for more legislation against crypto risks.
Past 24hr performance
What Just Happened
- Janet Yellen will highlight crypto risks at a congressional hearing and ask for more legislation.
- AI-generated fake ID’s are repoterdly being used to get around crypto exchanges KYC.
- Bitcoin NFT project Taproot Wizards brings in $13M revenue on first collection sale.
- Genesis looks for approval to sell $1.4B in GBTC shares.
What’s Happening Now
Bitcoin is up 0.24% in the past 24hrs at a current price of $42,800. Ethereum is up more in the past 24hrs at 2.18%.
Bitcoin: Predator Thermal Vision is mixed across lower timeframes. It remains red on the 3-day timeframe.
Ethereum: Predator Thermal Vision is more bullish for Ethereum on lower timeframes, but remains bearish on the 3-day timeframe.
FOILS Bitcoin and Ethereum:
The FOILS daily outlook for Bitcoin is NEUTRAL across all metrics.
For Ethereum, Open Interest and and Long/Short Ratio are bullish while funding rates are neutral.
Commando Intelligence:
As Bitcoin begins to range, some altcoins are generating Commando scores above 1.75 alongside green Predator signals on low timeframes.
EOS is currently the highest score token with a Commando score of 2.11.
What’s Next
High time frame trend outlook:
The weekly Predator chart is now green on the current candle after also closing last week green.
This week’s macro calendar:
Tuesday, February 6, 2024:
- Japan: Leading Economic Index
Wednesday, February 7, 2024:
- USA: Consumer Credit (Dec)
Thursday, February 8, 2024:
- European Union: ECB Economic Bulletin
- USA: Initial Jobless Claims
Friday, February 9, 2024:
- UK: GDP (Q4 – Preliminary)
- European Union: German GDP (Q4 – Preliminary)
- USA: University of Michigan Consumer Sentiment (Feb – Preliminary)
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