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1 Accurate Predictions Made by AI for Ethereum ( ETH.X)The Ethereum market, like any other financial market, experiences ebbs and flows, making it difficult to definitively declare whether it is "over." While periods of stagnation or decline may raise concerns, Ethereum and the wider cryptocurrency market have shown resilience over time, bouncing back from downturns. Current trends in Ethereum's trading patterns, analyzed using advanced tools like artificial intelligence, suggest a complex and ever-evolving landscape. Hence, it is more prudent to view the market through a lens of continuous change rather than a binary perspective of 'over' or 'thriving'. Prediction #1. Uptrend Detected AI, an artificial intelligence tool, has demonstrated a remarkable ability to detect bullish patterns in cryptocurrency trading, particularly with Ethereum (ETH.X). Notable instances include the identification of a bullish Cup-and-Handle pattern in December 2023 (On December 25, 2023, AI detected a Cup-and-Handle Pattern (Bullish) for Ethereum cryptocurrency (ETH.X, $2272.562000). On December 27, 2023, AI confirmed the Bullish pattern, setting a target price of $2464.050000. 14 days later, on January 10, 2024, ETH.X reached the target price resulting in a +13.62% for traders who took a long position in the stock.). These patterns suggest a dynamic market where upward trends are observable, offering opportunities for astute traders to capitalize on these movements. Trading based on bullish patterns requires a strategic approach and a deep understanding of market dynamics. Bullish patterns, like the Cup-and-Handle, indicate potential upward trends, suggesting buying opportunities. Platforms like Tickeron, with their advanced AI tool, can be invaluable for traders looking to navigate these complexities and make informed decisions. For those interested in finding current patterns in the cryptocurrency market, Tickeron is an excellent resource. With its sophisticated AI tool, Tickeron provides insights into emerging trends and patterns, helping traders to identify potential opportunities in the volatile crypto market. Whether you're a seasoned trader or new to the world of cryptocurrency, Tickeron's technical analysis and pattern recognition can guide your trading decisions, enhancing your chances of success in this dynamic field. Get started on tickeron.com. BINANCE:ETHUSD Market Cap The average market capitalization across the group is 268.43B. The market cap for tickers in the group ranges from 268.43B to 268.43B. ETH.X holds the highest valuation in this group at 268.43B. The lowest valued company is ETH.X at 268.43B. High and low price notable news The average weekly price growth across all stocks in the group was -12%. For the same group, the average monthly price growth was -2%, and the average quarterly price growth was 19%. ETH.X experienced the highest price growth at -12%, while ETH.X experienced the biggest fall at -12%. Volume The average weekly volume growth across all stocks in the group was -3%. For the same stocks of the group, the average monthly volume growth was 26% and the average quarterly volume growth was 167%
BINANCE:ETHUSD
by Serhii_Bond
NEAR ($NEAR): Technical rebound in mid-termTrend is still bearish on daily and weekly chart, but at the same time we do not exclude an interesting technical rebound in mid-term. In this analysis we just wanted to share our view and how it could develop (Impulsive Structure), for more details on support and resistance levels, visit our Blog. With this in mind, from a technical point of view, AMEX:NEAR still remains under pressure, so we do not rule out a bearish consolidation before a price recovery. 🔴 TRADING STRATEGY The best strategy may be to accumulate long positions on weakness (by the dip) with small sizes. 🔴 RISK MANAGEMENT Use only the portion of assets willing to lose (1%/2%) Analysis by Anonymous Banker Team Like | Share | Comment
Long
by TheAnonymousBanker
5
Correction in progress but soon very interesting...Enjin is a software that gives developers the ability to create and manage virtual goods on the Ethereum blockchain. The idea is that by using blockchain technology to manage in-game items across many different properties, Enjin can help reduce the high fees and fraud that have plagued the transfer of virtual in-game goods and collectables. Toward that goal, Enjin has released software development kits (SDKs) allowing users to both create digital assets on Ethereum and integrate them into games and apps. Each minted asset is customizable to fit the desired platform and recorded in a smart contract, giving the items the advantages of cryptocurrency, namely speed, cost and security. Central to managing the digital assets on its platform is ENJ, Enjin’s cryptocurrency, and each in-game item created on Enjin is assigned a value in ENJ. @threads #love #ınstagood #art #elliottwave #crypto #bitcoin #cryptocurrency #blockchain #ethereum #btc #forex #trading #money #cryptonews #cryptotrading #bitcoinmining #cryptocurrencies #investing #eth #investment #bitcoinnews #bitcoins #nft #business #invest
E
by EndlessCode
🚀 Potential Bullish Move Ahead: AI/USDT Following XAI Coin? 📈 Get ready for an exciting ride! 🎢 AI/USDT appears to be on the verge of a significant upswing, following the footsteps of XAI coin. 📈🔥 The charts of XAI/USDT and AI/USDT share a striking resemblance, indicating a potential bullish trend of 50-100% in the coming days. 📊📈 Brace yourself for a massive surge! 💥🚀 Note: Remember, decisions regarding investments should always be made after thorough research and consultation with financial experts. This is merely an observation and not a recommendation. 📝💼 Stay tuned and keep a close eye on AI/USDT as exciting times may be just around the corner! 🔍🚀
Long
by Crypto-By-Ghazi
1
Sol/USDT: Preparing for a Bullish Move The Sol/USDT pair is currently exhibiting signs of price accumulation within a defined zone. Based on my analysis, there are indications of a significant upward movement in the near future. Specifically, the 8-hour time frame appears strongly bullish, suggesting a potential rise of 25-40% for Solana's price in the coming days. Please note that the information provided here should not be considered financial advice. Remember to conduct your own research and consult with a professional financial advisor before making any investment decisions.
Long
by Crypto-By-Ghazi
BTC: Buy the Rumor, Sell the NewsCME: Micro BTC Futures ( CME:MBT1! ), Micro ETH Futures ( CME:MET1! ) Last Wednesday, the U.S. Security Exchange Commission (SEC) approved the listing of bitcoin exchange traded funds (ETFs) for the first time. This is a huge victory for the world's largest cryptocurrency and a game-changer for the broader crypto industry. Immediately after the landslide decision, spot bitcoin price briefly exceeded $49,000, its highest level since April 2022. However, a huge selloff followed. On January 14th, bitcoin is quoted $42,900, which is $6,000 or 12% lower than the peak from just four days ago. Cathie Wood, whose ARK 21Shares Bitcoin ETF is among the 11 approved ETFs, predicted that Bitcoin prices would reach $600K by 2030. Why do we see it tumble? Since its inception in January 2009, “Buying the Rumor and Selling the News” has been a recurring theme in bitcoin price trends. We are experiencing one of them now. • In December 2017, CME Group and CBOE launched Bitcoin futures trading. Spot bitcoin was trading in the $5000 range but shot up to $20,000 leading to the launch. A selloff immediately followed, and bitcoin was back to $9,000 by January 2018. • In October 2021, the SEC approved the first Bitcoin-futures-linked ETF trading on the NYSE. Market talks on the decision pushed bitcoin to its all-time-high above $65,000. It fell shortly after and was trading back in the $42,000 range by December 2021. • In 2023, spot bitcoin rose from $16,538 to $42,265, up 156% for the year. Market anticipation of the SEC decision pushed bitcoin 16% higher in the first nine trading days in 2024. The approval, once confirmed, becomes a good time to book profits. Key Drivers for Bitcoin’s Long-term Rise For bitcoin, secular long-term bull market and short-term volatility could occur side-by-side. The case for rising bitcoin prices is supported by solid fundamental drivers: Firstly, there is a limited supply of bitcoins with a total cap of 21 million. Currently, around 19 million bitcoins have been mined and are in circulation, leaving approximately 2 million left to be mined. This makes bitcoin superior to fiat currencies, whose supply could be increased by central banks, with or without limits. Secondly, the demand for crypto investment could increase substantially. With bitcoin now a SEC-regulated investment asset, the biggest hurdle for participation has been removed. Investors may now buy spot bitcoin, bitcoin futures, bitcoin options, and bitcoin ETFs from their brokerage accounts and trade on regulated US Exchanges. On the first day of trading, 11 ETFs had transactions totaling $4.6 billion. A modest start, but once investors begin to allocate a portion of their asset to cryptos, trading could grow exponentially over time. According to iShares, Equity ETFs had a market size of $5.6 trillion, which is about 12.7% of US equity market in Q3 2023. Recently, PwC estimated that Global Assets under Management sets to rise to $145.4 trillion by 2025. How big the crypto market could become if just 1% of global investment is allocated to Bitcoin? Relative outperformance of both Bitcoin and Ethereum could speed up the asset rotation. Robinhood Financial just announced that it has made all 11 bitcoin ETFs available in its trading platform, enabling millions of individual investors to buy these funds. Brief Review: My previous trade ideas on Bitcoin Last year, I have written three trade ideas on TradingView: On March 29, 2023, I published this: “Crypto Staged a Strong Comeback in Q1.” At the time, bitcoin was quoted $28,348, up $11,800 or +71.3% year-to-date. The main driver was flight-to-safety when a series of US bank failures shocked the financial markets. On July 17, 2023, I published a follow-up idea, “Crypto Bull Market Appears to Take Hold.” Bitcoin was closed at $30,146, up 1,798 or +6.3% since the first report. On October 30, 2023, I published “Cryptos: Great Hedge for Stock Market Decline”, bitcoin was trading at $34,095. Past performance is not a reliable indicator of future performance, but bitcoins, as an investment asset, has been through a spectacular year in 2023. Trading with Micro BTC and ETH Futures In my opinion, both Bitcoin and Ethereum are set up for a long-term marathon bull run. In the short-term, “Buy the rumor and Sell the news” creates interesting trading opportunities. As bitcoin is tumbling down after the “News”, it presents bargain buying window for long-term investors. My trading idea is to buy spot bitcoin at low price as a long-term investment and hedge the portfolio with short futures position in the short-term. CME Group Micro BTC futures ( LSE:MBT ) provide leverage and capital efficiency. Contract notional is 1/10 of 1 BTC. Initial margin is $1,140. March contract was last settled on $43,690. At current price there is a 3.8 times leverage built in the contract, which is the ratio of 4,369 (1/10 of 1 BTC) divided by 1,140. Hypothetically, if futures moves down 10% to 39,321, the 436.9 price fall in Micro BTC futures would be a 38.3% return, using the $1,140 margin as a cost base. Meanwhile, the new “Rumor” is that spot Ethereum ETFs will be approved this year. I expect ETH to continue its rise, all the way until prices peaked at actual approval. My trading idea is to buy spot Ethereum as a long-term investment, and “supercharge” the return by adding long futures position as the rumor is playing out. CME Group Micro Ether futures ( NYSE:MET ) also provide leverage and capital efficiency. Contract notional is 1/10 of 1 ETH. Initial margin is $72. March contract was last settled on $2,614. At current price there is a 3.6 times leverage built in the contract. Hypothetically, if futures price goes up 10% to 2,875.4, the 26.1 price gain would be a 36.3% return. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CRYPTO:BTCUSDShort
by JimHuangChicago
2
Market Update - January 12 2024 Spot bitcoin ETFs begin trading on US exchanges: On Wednesday, the SEC approved the launch of 11 spot bitcoin ETFs, and trading launched on Thursday. The approval of US-based spot bitcoin ETFs marked a historic day for bitcoin and crypto as a whole, opening the door to an entirely new set of retail and institutional investors. As trading started Thursday morning, BTC rose to FWB:49K before paring back gains to sit below $45k by Friday morning. Over $4.6 billion traded across all spot bitcoin ETFs on Thursday, likely setting a record for the highest day-one volume for a single type of ETF. Ether surges as focus shifts to potential ether ETF: Ether (ETH) had been struggling in comparison to BTC over the past few months as attention centered around the bitcoin ETF applications, with the ETHBTC pair hitting its lowest level since April 2021 at 0.04788. However, following Tuesday’s bitcoin ETF head fake, the pair jumped to 0.052 suggesting a rotation out of BTC and into ETH for a catch up play and an expectation that the narrative will shift toward a potential ether ETF approval later this year. This was further evident on the actual approval Wednesday, with the ETHBTC continuing to rally higher, currently trading near 0.06 as of Friday morning. Inflation ticks up as interest rate cuts expected in 2024: US equities rose steadily this week as investors awaited inflation data released on Thursday. Thursday’s data showed a mild 0.3% increase in the consumer price index (CPI) for December, reflecting a 3.4% yearly increase. Estimates had been for a 0.2% December increase and a 3.2% annualized increase. Altcoins perform well as total crypto market cap nears $1.8 trillion: Much of the wider crypto market saw price appreciation this week, with some leveraged ETH and BTC plays showing good returns. Ethereum Classic (ETC) is trading up more than 55% over the past seven days, while Lido DAO (LDO) added 20% over the same period. The total crypto market capitalization is now approaching the $1.8 trillion mark, its highest level since April 2022, prior to the Terra/LUNA collapse. Circle, USDC issuer, files for initial public offering (IPO): On Thursday, Circle announced that it had filed a confidential S-1 document with the SEC, as it seeks to launch an initial public offering (IPO). While the announcement was light on details, Circle had previously announced in 2021 that it planned to go public via a SPAC, with a $9 billion valuation as of February 2022. 🎭 Topic of the Week: Why was Bitcoin created? 👉 Read more here
GEMINI:BTCUSD
by Gemini
BTCUSD Is Pointing Higher After A CorrectionBitcoin remains at the highs at the beginning of 2024, so we assume that more upside can be seen as recovery is acting like an impulse. As such, be aware of further gains within a five-wave cycle, where we are tracking higher degree wave III up to around 48k - 50k area. Looking at the 4-hour chart, we can see some sell-off after Matrixport’s latest report claims that the SEC will reject all Bitcoin spot ETFs in January, and final approval may be achieved in the Q2. However, we are still tracking two counts at this stage due to an upcoming decision of SEC on spot Bitcoin ETF. As a primary count it can be trading in an (A)-(B)-(C)-(D)-(E) bullish running triangle pattern within higher degree wave 4 before a bullish continuation for wave 5. But, according to secondary count, keep also in mind that recent jump could be also 5th wave out of wave 4 triangle pattern, so we should be aware of a larger, deeper and longer A-B-C corrective setback down to 40k-38k-35k support area.
BITSTAMP:BTCUSDLong
by ew-forecast
2