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Price action has stagnated, and investor sentiment has been apathetic over the last six months. However, a notable change has occurred over the previous three months, with downward pressure increasing and causing the market to experience its most significant drawdown of the cycle.

Nevertheless, from a macro perspective, the spot price is trading around -22% below the ATH, which remains a relatively shallow drawdown compared to historical bull market regimes.
Another bag bought
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Anonymous Poll
34%
BNX
18%
LOKA
27%
GMT
9%
VIC
40%
ICP
Trading Crypto Guide
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Here's the Analysis of #ICP :

#ICP is been multiple times from the major support zone of $6.6 - $7.0. Price now moving between a large 50% trading range. Try to accumulate and target the top resistance at $10.50 - $10.95.
Trading Crypto Guide
#BITCOIN DAILY TF UPDATE : #BITCOIN on Daily TF, Daily candle close below and we saw some sharp decline lower and reaching out $52,500 area. This can be a wick fill and looks at the market, its kinda go more lower just for liquidity run.
#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, Daily candle gave a shallow closing above the resistance and likely to have a expansion to the upside, Weekly closing is also important, better wait for the update in market, next week come up with something.
Trading Crypto Guide
#DXY UPDATE : #DXY also played perfectly, the level turned into a fakeout now and gave a drop lower near to the lower low. Price failed to print a new lower low and now we can expected a push up into 101% area.
#DXY UPDATE :

#DXY played out perfectly played, but as of now its moving back and forth of the same level, and need to see some sort to directional move. #DXY likely de-coupled from some asset due to fundamental situations, but need see a closing 102% for bearishness.
As downward price pressure intensifies, Bitcoin's unrealized losses remain historically low at just 2.9% of market cap. This indicates that despite recent price declines, the average investor is still in a profitable position. The low level of unrealized losses suggests that the market may have more resilience against further downturns, as there's less risk of panic selling from investors trying to cut losses.
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Anonymous Poll
27%
LTO
27%
OM
24%
BEL
21%
TWT
39%
TRX
Trading Crypto Guide
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Here's the Analysis of #TRX :

#TRX had its good time because of its meme coins initiative, hodling above the build-up support zone of $0.14 - $0.15 and just below there's a major support zone around $0.141 - $0.143. Expecting a decent drop to there a buys looks good too.
Trading Crypto Guide
#BITCOIN WEEKLY TF UPDATE : #BITCOIN on Weekly TF, played perfectly, getting rejected from the resistance area and nearly got into the support zone as well. Price still looks bearish, ad expect a drop lower towards the area around $51,200. Closing will give…
#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, nearly goes towards the support and kinda retraced. Price doing some sort of Bullish Engulfing which might create the top wick. Overall, we already had a stop hunt, to its confusing to get the directional bias, Lookin for a monday market open clear view.
Trading Crypto Guide
#CRV now forming a triangle pattern and need to see some sort of break of the pattern to getting into the trade on a retest.
#CRV gave minor break of the pattern but now a healthy breakout. Price in the end we can see started consolidating, and now aiming for a breakout. Take the opportunity as per the break and H4 Candle closure.
Trading Crypto Guide
As downward price pressure intensifies, Bitcoin's unrealized losses remain historically low at just 2.9% of market cap. This indicates that despite recent price declines, the average investor is still in a profitable position. The low level of unrealized losses…
If we take the ratio between total Unrealized Profit and Unrealized Loss, we can see that profits remain 6x larger than losses, supporting the above observation. Around 20% of trading days have seen this ratio above the current value, underscoring the surprisingly robust financial position of the average investor.
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Anonymous Poll
37%
ALPACA
33%
TRU
26%
FIDA
22%
IDEX
13%
XNO
Big waves starting now, buying every small dip before a new high!!🚀🚀
Keep buying, traders around the world are buying in!
We’re going higher!!🚀

Buy #TWIF and ride the mega pump wave!🚀
Outside traders buying in!
2024/09/27 11:27:05
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