TrendTracers Sunday Analysis

Must Read

Eight Things in Crypto You Can’t Afford to Miss This Week

In this roundup, we cover China's market-rattling resistance to Bitcoin, the increasing drumbeat toward crypto regulation, the...

Why the Cloud Industry Needs to Become Greener

According to Energy Post, the Internet will consume 20% of the projected electricity demand...

Your Wallet May Not Be as Secure as You Think; Here’s What To Do

Remember the egregious breach that exposed Ledger’s entire trove of customer data to the public?...
- Advertisement -BTCClicks.com Banner

Last week recap:
Looking back at last weeks conclusion, it seems the market behaved in our favour, we opened 6 longs in altcoins of which 5 were profitable. It seems that this week we might be seeing the big player bitcoin make some moves. A buy signal fired in our system so we might be looking to take a position here.

Find out more on the discord server: https://discord.gg/4gbyvWsWqu

BTC and DXY:

We have a BUY signal on the Daily on BTC! A breakout of the weekly OrderBlock would be a great bullish confirmation though. We are already long ofcourse. We don’t skip those buy signals. The DXY, DollarIndex seems to be ranging between the OrderBlocks as depicted in the chart below.

BTC and DXY

BTCUSDT Daily

The ETH-USDT pair is looking bullish, it set a new all time high and hasn’t calmed down yet, if ETH comes back to earth we might try to catch a ride but sometimes these opportunities don’t present themselves. The same can be said for the ETH-BTC pair, entering now poses too much risk.

Ethereum

TOTAL

Total broke out and is looking good. TOTAL 2 is even up further but it might be a bit overextended so a pullback to the baseline would be healthy

Total

BTC.d USDT.d
Bitcoins dominance seems to continue dwindling, we might see some support at the orderblock but its going down hard. Considering our long position in BTC, we’re hoping to see BTC.d react in the range its currently in. The same can be said for USDT Dominance.

BTC.d and USDT.d

BTC.d doesn’t get some rest its going down all the time. We might see support at the orderblock but it’s going down hard. We are long on BTC so we would like to see this start bottoming.

Btc.d is in a range so we might see a reaction at the bottom of the range.

Usdt.d is in a range as well just like last week and we might see a reaction to the bottom of that range as well.

MIDPERP and SHITPERP

Regarding the PERPS.

MIDPERP is looking great. We have a correction to the baseline after we broke out of previous resistance. This is the place to buy on MIDPERP. MIDPERP performs better than SHITPERP as well, since SHITPERP still needs to break the resistance. Therefore our focus lies more on MIDPERP coins for this week regarding longs.

MIDPERP and SHITPERP

Conclusion:

Market is looking bullish, buy on btc confirms this and the DXY dip suggests the same so we are not looking for shorts but for longs both in BTC and alts.

Find out more on our discord server: https://discord.gg/4gbyvWsWqu

- Advertisement -
- Advertisement -

Latest News

Sunday Market Analysis from Trendtracers

BTCUSDT. First impression is bearish, there seems to be yearly support at around 28k, We’re expecting more...
- Advertisement -

Earn Passive Income with Nhash Cloud Mining Services

Cloud mining services are an easy way to earn passive income online. Although...

Afri-X and DigiShares Bring Tokenization to Africa

DigiShares is proud to announce its partnership withAfri-x.com to deliver the power of tokenization to Africa. DigiShares has licensed its tokenization platform to...

Racing For Heroes selects Gen2 Technologies as a Key Technology Partner

SPARKS, Nev., April 7, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC: MNIZ) is proud to announce that it has been...

Ken The Crypto tells You How to Get the Most out of the 2021 Bull Run

The year 2021 is what people call the "Bitcoin Year", and the reason is self-explanatory. This recent bull-run has brought...