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WEEKLY CRYPTO MARKET REPORT – 27th Nov’23

WEEKLY CRYPTO MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index gained by 0.91% in the last week. Nasdaq has approached the resistance of 15,900 and is positioned to head upwards from here. The immediate support is expected at 15,000 level

The top gainers for the week were Baidu, Dexcom & Fiserv gaining 3%, 2% and 2% respectively

The tech stocks and crypto markets have shown good strength as the dollar index has weakened. The uptrend in risk on assets like Nasdaq and Crypto will continue till the dollar index is weak. The rally is expected to continue till the end of the year.

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market continues to stay in the GREED zone. Compared to last week, the Fear & Greed Index has marginally decreased from “69” to “66”. 

BITCOIN

aSOPR 

aSOPR for this week is nearly equal to 1 which means investors are selling their Bitcoins at their purchase price.

CVDD-TERMINAL PRICE CHART INDICATOR

The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.

As OI decreases, it indicates investors are closing futures positions and there is possibility of trend reversals. In turn, this might trigger the possibility of long/short-squeeze caused by sudden price movement or vice versa.

Bitcoin chart

$BTC gained by 0.23% in the last week. BTC has reached the resistance and is expected to slow down, The immediate support is expected at $32,000 and resistance is expected at $38,000. 

ETH/BTC

ETH/BTC has been in downtrend since the start of the year 2023. It gained by 2.28% against BTC in the last week. We did see a bounce back from the support levels around 0.050 as expected. ETH looks very attractive at this point wrt risk-reward

Tokens with high Relative Strength in the market

XMINT token listed on India’s biggest exchange, delivered 10X gains within just 10 months of listing.

Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.

Start your Crypto Investments with XMINT Algos today

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WEEKLY CRYPTO MARKET REPORT – 20th Nov’23

WEEKLY CRYPTO MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index gained by 1.99% in the last week. Nasdaq is approaching the resistance of 15,900 and is positioned to head upwards from here. The immediate support is expected at 15,000 level

The top gainers for the week were Ross Stores, NetEase & Peloton gaining 7%, 4% and 3% respectively

The tech stocks and crypto markets have shown strength as the dollar index has weakened. The uptrend in risk on assets like Nasdaq and Crypto will continue till the dollar index is weak. The rally is expected to continue till the end of the year.

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market continues to stay in the GREED zone. Compared to last week, the Fear & Greed Index has marginally decreased from “72” to “69”. 

BITCOIN

aSOPR 

aSOPR for this week is nearly equal to 1 which means investors are selling their Bitcoins at their purchase price.

CVDD-TERMINAL PRICE CHART INDICATOR

The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.

Investors are in an Anxiety phase as most of them are in a moderate unrealized profits 

Bitcoin chart

$BTC gained by 0.80% in the last week. BTC has reached the resistance and is expected to slow down, The immediate support is expected at $32,000 and resistance is expected at $38,000. 

ETH/BTC

ETH/BTC has been in downtrend since the start of the year 2023. It corrected by 2.39% against BTC in the last week and looks oversold. We did see a bounce back from the support levels around 0.050 as expected. ETH looks very attractive at this point wrt risk-reward

Tokens with high Relative Strength in the market

XMINT token listed on India’s biggest exchange, delivered 10X gains within just 10 months of listing.

Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.

Start your Crypto Investments with XMINT Algos today

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WEEKLY CRYPTO MARKET REPORT – 13th Nov’23

WEEKLY CRYPTO MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index gained by 2.85% in the last week. Nasdaq broke the resistance of 15,300 and is positioned to head upwards from here. The immediate support is expected at 15,000 level and resistance is expected around 15,900

The top gainers for the week were KLA-Tencor, Lam Research & Microchip Tech gaining 6%, 5% and 5% respectively

The equity markets are rallying since the interest rate hike is paused from Fed’s end. The tech stocks and crypto markets are expected to do well. Funds are leaving the bonds market and chasing equities now.

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market continues to stay in the GREED zone. Compared to last week, the Fear & Greed Index has marginally decreased from “74” to “72”. 

BITCOIN

aSOPR 

aSOPR for this week is nearly equal to 1 which means investors are selling their Bitcoins at their purchase price.

CVDD-TERMINAL PRICE CHART INDICATOR

The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.

Long term holders’ movement in the last 7 days were lower than the average. They have a motive to hold their coins.

Bitcoin chart

$BTC gained by 5.86% in the last week. BTC has reached the resistance and is expected to slow down, The immediate support is expected at $32,000 and resistance is expected at $38,000. 

ETH/BTC

ETH/BTC has been in downtrend since the start of the year 2023. It gained by 2.09% against BTC in the last week and looks oversold. We did see a bounce back from the support levels around 0.050 as expected. ETH looks very attractive at this point wrt risk-reward

Tokens with high Relative Strength in the market

XMINT token listed on India’s biggest exchange, delivered 10X gains within just 10 months of listing.

Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.

Start your Crypto Investments with XMINT Algos today

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WEEKLY CRYPTO MARKET REPORT – 6th Nov’23

WEEKLY CRYPTO MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index gained by 6.48% in the last week. Nasdaq bounced back from the support levels around 14,000 levels, an immediate resistance is expected at 15,300 level. 

The top gainers for the week were Moderna Inc, Sirius & Ansys gaining 9%, 6% and 5% respectively

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market continues to stay in the GREED zone. Compared to last week, the Fear & Greed Index has increased from “68” to “74”. 

BITCOIN

aSOPR 

aSOPR for this week is nearly equal to 1 which means investors are selling their Bitcoins at their purchase price.

CVDD-TERMINAL PRICE CHART INDICATOR

The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.

The chart of the total number of Bitcoin addresses in the last 30 days is trending upwards and has reached 1.24 million active addresses on the Bitcoin blockchain network, the same growth is reflected in the Bitcoin price 

Bitcoin chart

$BTC gained by 1.41% in the last week. Currently the BTC co-relation is decoupled with NASDAQ, The immediate support is expected at $32,000 and resistance is expected at $38,000. 

ETH/BTC

ETH/BTC has been in downtrend since the start of the year 2023. It gained by 3.90% against BTC in the last week and looks oversold. We did see a bounce back from the support levels around 0.050 as expected.

Tokens with high Relative Strength in the market

XMINT token listed on India’s biggest exchange, delivered 10X gains within just 10 months of listing.

Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.

Start your Crypto Investments with XMINT Algos today

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WEEKLY CRYPTO MARKET REPORT – 30th Oct’23

WEEKLY CRYPTO MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index corrected by 2.61% in the last week. Nasdaq has broken the descending triangle towards downside which indicates downtrend for short term, an immediate support is expected at 13,200 and resistance is expected at 14800 level. 

The top gainers for the week were Dexcom, Intel & Amazon gaining 10%, 9% and 7% respectively

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market turns to the GREED zone. Compared to last week, the Fear & Greed Index has increased from “53” to “68”. 

BITCOIN

aSOPR 

aSOPR for this week is nearly equal to 1 which means investors are selling their Bitcoins at their purchase price.

CVDD-TERMINAL PRICE CHART INDICATOR

The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.

213 Addresses bought 100+ BTC in last 45 days, currently there are 15,993 addresses holding more that 100 BTC 

Bitcoin chart

$BTC Price broke the resistance of $32K and gained by 15.12% in the last week. Currently the BTC co-relation is decoupled with NASDAQ, The immediate support is expected at $32,000 and resistance is expected at $40,000. 

ETH/BTC

ETH/BTC has been in downtrend since the start of the year 2023. It corrected by 6.27% against BTC in the last week and looks oversold. We could see a bounce back from the support levels around 0.049.

Tokens with high Relative Strength in the market

XMINT token listed on India’s biggest exchange, delivered 10X gains within just 10 months of listing.

Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.

Start your Crypto Investments with XMINT Algos today