Crypto Trader SL Guide

#ALTS MARKET CAP ANALYSIS The alts market cap is currently retesting above the symmetrical triangle pattern. The 100-day moving average is providing strong support, and the Ichimoku cloud indicates a bullish trend. An upward move is anticipated as long as the alts market cap remains above the triangle. The only bearish scenario would be a sustained breakdown of the Ichimoku cloud.

#BTC/USDT ANALYSIS BTC has broken out of the symmetrical triangle and is currently retesting above it. The Ichimoku cloud indicates a bullish trend. An upward move is expected as long as BTC trades above the Ichimoku cloud. However, if it breaks down through the Ichimoku cloud, that would be a short-term sign of a correction.

#ALTS MARKET CAP ANALYSIS The Alts market cap has broken out of the symmetrical triangle and is currently retesting above it. The Ichimoku cloud is also providing support. A successful retest above the triangle would confirm a bullish trend, while a failed retest could indicate further movement within the triangle.

#USDT DOMINANCE ANALYSIS USDT.D declined after breaking down and successfully retesting below the rising wedge. The Ichimoku Cloud indicates a bearish trend. Additionally, it broke down below the 200-day moving average (MA 200), suggesting a further downward move is expected. However, a retest of the MA 200 is also possible. It's important to note that USDT dominance works inversely proportional to the crypto market.

#THETA/USDT ANALYSIS THETA has successfully broken out of the descending triangle and confirmed the breakout with a successful retest above it. The Ichimoku cloud and the 100-day moving average indicate a bullish trend. As long as it continues to trade above the Ichimoku cloud, an upward move is expected.

#BTC/USDT ANALYSIS BTC is trading above the horizontal support and inside the Ichimoku cloud, indicating indecision in the market. The MA 100 is serving as resistance. We must closely monitor a decisive breakout or breakdown of the triangle to confirm the next direction.

#BTC/USDT ANALYSIS BTC broke out of the descending triangle and is now coming down for a retest after being rejected by the MA 200. The Ichimoku cloud is acting as support. A successful retest of the triangle would confirm bullish sentiment. If the price closes inside the triangle, we might see further movement within its boundaries.

#BTC/USDT ANALYSIS BTC, after being rejected from the trendline resistance of the triangle, is currently consolidating above the horizontal support. We have to wait for a solid breakout or breakdown of the triangle to confirm its next direction.

#ALTS MARKET CAP ANALYSIS The altcoins market cap has broken out of the descending triangle pattern and is currently retesting above it. The Relative Strength Index (RSI) indicates an oversold condition. An upward movement is anticipated as long as it continues to trade above the triangle. However, if there's a failed retest and the candle closes below the descending triangle, it could signal a correction in altcoins.

#USDT DOMINANCE ANALYSIS USDT.D went down after the breakdown of the rising wedge, and it is now approaching a retest of the same pattern. A successful retest would confirm a downward movement, while a failed retest would indicate an upward trend. It's important to note that this pattern typically operates inversely to the crypto market.