The DecenTrader Alpha

by decentrader · February 6, 2024

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

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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