1. Today's Trading Outlook 🔥
✅ BTC / Bitcoin Chart ✅ DXY / US Dollar Index Chart ✅ Advance GDP q/q News ✅ Crypto Money Flow ✅ Altcoins ✅ Conclusion ✅ Cryptocurrency News
Read this thread to learn more 👀 👇
Stocks Forex Money Markets
1. BTC chart
(1) - Price failing to break above 21K level. Expecting price to drop into the pullback/retest area today! (2) - Price should not go below the red line! If it does then expecting a fakeout move to form and price to close back inside the weekly wedge.
2. Bitcoin price thoughts
Expecting price to form a Fakeout move and to end the week below the weekly support line!
The US GDP q/q data will help to make this happen later today!
3. DXY chart
The price has made a bottom around the 110 level. The blue line shows a custom indicator showing the single down leg move. Price has broken the blue line to form a bottom ready for the GDP q/q news today.
Expecting price to go up into the pullback/retest area.
4. Today's fundamental news events
The following is being released today:
➡️ Advance GDP q/q ➡️ Advance GDP Price Index q/q ➡️ Core Durable Goods Orders m/m ➡️ Durable Goods Orders m/m ➡️ Unemployment Claims
The "Advance GDP q/q" is the most important piece of data!
5. How to trade the Advance GDP q/q news:
Actual: Later today Forecast: 2.3% Last month: -0.6%
📉 Above forecast good for DXY / US dollar and bad for cryptocurrency such as Bitcoin and Altcoins
📈 Below forecast bad for DXY / US dollar and good for cryptocurrency
6. Today's Crypto Money Flow:
Rest too small to mention.
7. Today's Crypto Money Flow (cont):
BTC to stable coins 3.9B ETH to stable coins 500.7M XRP to stable coins 171.6M SOL to stable coins 102.4M APT to stable coins 85.1M
Rest too small to mention.
Today seeing half the market in red and half in green.
Alts making 10 - 20% gains include:
KLAY QKC MASK OP VITE ALCX SSV DOGE MINA
If you are holding any altcoins would suggest selling and taking profits before the GDP q/q news!
Bitcoin and major Altcoins are going to pullback today!
DXY has formed a minor bottom around 110 level and is expected to go up and retest the major support.
Would suggest taking profits if holding crypto before the pullback begins.
10. cryptocurrencies news
🔥 Crypto mining hardware retailer Phoenix Technology to invest 300 million in global expansion
🔥 ConsenSys Announces MetaMask Grants DAO, Commits 2.4M Annually to it
🔥 Perpetual swap open interest on Bitfinex hits 3-month high of 121,827,506
11. crypto news (cont)
🔥 After Musks acquisition, Twitter will increase debt by 13 billion, with annual profit exceeding 1 billion
🔥 Musk denies 75% job cuts after Twitter acquisition
🔥 BUSD currently accounts for about 35% of all trading pairs on Binance
12. crypto news (cont)
🔥 Phishing fraud gang Monkey Drainer faked a Twitter account to promote fake airdrops and published phishing websites
🔥 80,000,000 USDT transferred from Tether Treasury to Binance
🔥 Creditors opposes Celsius plan to sell 23 million in stablecoins
13. crypto news (cont)
🔥 Central Bank of Kazakhstan will integrate its CBDC on BNB Chain
🔥 Binance launches
platform fully regulated by Bahrain’s central bank
🔥 CBDC is just a checking account for the Fed
14. crypto news (cont)
🔥 Avalanche has destroyed more than 2 million AVAX
🔥 Etherscan launches Arbitrum Nova block explorer
🔥 The number of addresses holding more than 10,000 BTC reaches a 22-month high of 106
15. crypto news (cont)
🔥 Norway to open Metaverse Tax Agency office in Decentraland
🔥 USDC Treasury burns 100,000,000 USDC
🔥 DeFi Oracle RedStone has been integrated into the Scroll Alpha testnet
16. crypto news (cont)
🔥 The amount of BNB destroyed has exceeded 40 million
🔥 Binance.US announces support for TRON staking
🔥 Sushi will be integrated with zkSync 2.0
🔥 Google admits crypto winter is hurting ad business
17. Have a great day!
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