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WEEKLY CRYPTO MARKET REPORT – 18th Sep’23

WEEKLY CRYPTO MARKET REPORT 

 

NASDAQ – Global leading Tech Index

The NASDAQ Index corrected by 1.75% on Friday. An immediate support is expected at 15000 and resistance is expected at 16500 level. The index could break the support as we can see an increase in volume of sellers on friday. The next support is expected at 14500 levels 

The top gainers for the week were Tesla, Qualcomm & Moderna gaining 10%, 7% and 6% respectively

 

CRYPTO

 What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market continues to  stay in the FEAR zone. Compared to last week, the Fear & Greed Index increased from  “40” to “46”. 

 

BITCOIN

aSOPR 

aSOPR for this week is at 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 increase in total number of active addresses and transactions indicates more demand for Bitcoins, the same is reflected in Bitcoin price

 

Bitcoin chart

$BTC Price gained by 2.55% in the last week as expected, the uptrend is expected to continue. The immediate support is expected at $25,000 and resistance is expected at $32,000. 

 

ETH/BTC

ETH/BTC is consolidating within the triangle pattern. It corrected by 0.64% against BTC in the last week, the immediate support is expected around 0.062 and the next resistance is expected around 0.073 level. 

 

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WEEKLY CRYPTO MARKET REPORT – 10th Sep’23

WEEKLY CRYPTO MARKET REPORT 


NASDAQ – Global leading Tech Index


The NASDAQ Index corrected by 1.36% in the last week, a bounce back is seen as expected. An immediate support is expected at 14500 and resistance is expected at 16500 level. NASDAQ is consolidating around the resistance zone and is expected to break out in the coming month. The top gainers for the week were Fortinet, Intel & Dexcom gaining 5%, 4% and 2% respectively

 

 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market stays in the FEAR zone. Compared to last week, the  Fear & Greed Index remained unchanged and continues to hover at “40”.        


 

BITCOIN


aSOPR – Another data to evaluate the sentiment of the general public would be to look at Spent Output Profit Ratio (SOPR). What is SOPR? In layman terms, it indicates if people have sold their BTC at a profit or if they sold at a loss. An SOPR value above 1 indicates that profit booking dominated loss booking and below 1 indicates that loss booking dominated profit booking. A value of 1 indicates that the coins were sold at their purchase price. Adjusted SOPR filters out transactions that are younger than 1 hour, thus, clearing out noise from the metric.                  

 


 

aSOPR for this week is below 1 which means investors are selling their Bitcoins at a loss.

 

 
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 motiv

Bitcoin chart 


 

$BTC Price corrected by 0.50% in the last week. It has reached the Support levels and forming doji candles from last 4 weeks which indicates a bounce back. The immediate support is expected at $25,000 and resistance is expected at $32,000. 


ETH/BTC

 

ETH/BTC is consolidating within the triangle pattern. It corrected by 0.64% against BTC in the last week, the immediate support is expected around 0.062 and the next resistance is expected around 0.073 level.

 

 


Tokens with high Relative Strength in the market

 

 

 

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

 

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

 


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WEEKLY CRYPTO MARKET REPORT – 3rd Sep’23


WEEKLY CRYPTO MARKET REPORT
NASDAQ – Global leading Tech Index      



The NASDAQ Index gained by 3.67% in the last week, a bounce back is seen as expected. An immediate support is expected at 14500 and resistance is expected at 16500 level. NASDAQ is consolidating around the resistance zone and is expected to break out in the coming month.

 

 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market stays in the FEAR zone. Compared to last week, the

Fear & Greed Index has slightly increased from “39” to “40”.

 

 

 

BITCOIN


SOPR – Another data to evaluate the sentiment of the general public would be to look at Spent Output Profit Ratio (SOPR). What is SOPR? In layman terms, it indicates if people have sold their BTC at a profit or if they sold at a loss. An SOPR value above 1 indicates that profit booking dominated loss booking and below 1 indicates that loss booking dominated profit booking. A value of 1 indicates that the coins were sold at their purchase price. Adjusted SOPR filters out transactions that are younger than 1 hour, thus, clearing out noise from the metric.

 

  

 

 

aSOPR for this week is below 1 which means investors are selling their Bitcoins at a loss.

 

 


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 possibility of trend reversals. In turn, this might trigger the possibility of short-squeeze caused by sudden price movement

 

 

Bitcoin chart

 

 

 

 

 

$BTC Price corrected by 0.50% in the last week. It has reached the Support levels and a bounce back is expected from this level. The immediate support is expected at $25,000 and resistance is expected at

$32,000

ETH/BTC

 

  

ETH/BTC is consolidating within the triangle pattern. It corrected by 0.85% against BTC in the last week, the immediate support is expected around 0.062 and the next resistance is expected around 0.073 level.

 


 

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

 

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Weekly Crypto Market Report – 27th Aug 2023

WEEKLY CRYPTO MARKET REPORT 

NASDAQ – Global leading Tech Index

The NASDAQ Index gained by 1.68% in the last week. It has hit the demand zone, a bounce back is seen as expected. An immediate support is expected at 14500  and resistance is expected at 16500 level. NASDAQ would pause for a bit and consolidate before it crosses it’s all time high of 16764 level
The top gainers for the week were Splunk, Tesla & Moderna Inc gaining 19%, 11% and 10% respectively

 

 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market stays in the FEAR zone. Compared to last week, the Fear & Greed Index has slightly increased from “38” to “39”. 

 

 

BITCOIN

SOPR – Another data to evaluate the sentiment of the general public would be to look at Spent Output Profit Ratio (SOPR). What is SOPR? In layman terms, it indicates if people have sold their BTC at a profit or if they sold at a loss. An SOPR value above 1 indicates that profit booking dominated loss booking and below 1 indicates that loss booking dominated profit booking. A value of 1 indicates that the coins were sold at their purchase price. Adjusted SOPR filters out transactions that are younger than 1 hour, thus, clearing out noise from the metric.

aSOPR for this week is at 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 total number of active addresses and transactions on the Bitcoin blockchain network both have increased which indicates more demand for Bitcoins, the same is expected to reflect in $BTC price

 

 

Bitcoin chart

$BTC Price corrected by 0.34% in the last week. It has reached the Support levels and a bounce back is expected from this level. The immediate support is expected at $25,000 and resistance is expected at $32,000. 

 


ETH/BTC

ETH/BTC is consolidating within the triangle pattern and it is trading near the demand zone. It corrected by 1.24% against BTC in the last week, the immediate support is expected around 0.062 and the next resistance is expected around 0.073 level. 

 

Tokens with high Relative Strength in the market

 

 

XMINT token listed on India’s biggest exchange delivered 10X gains.

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

Start your Crypto Investments with XMINT Algos today

img

Weekly Crypto Market Report – 6th Aug 2023

 

WEEKLY CRYPTO MARKET REPORT 

NASDAQ – Global leading Tech Index

The NASDAQ Index corrected by 3.02% in the last week. it has hit the supply zone, the resistance is expected at 16,500 and immediate support is expected at 15000. NASDAQ would pause for a bit and consolidate before it crosses it’s all time high of 16764 level
The top gainers for the week were Amazon, MercadoLibre & Lam Research gaining more than 8% in a week

 

CRYPTO

 

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market continues to remain in the NEUTRAL zone. Compared to last week, the Fear & Greed Index has decreased from “50” to “49”. 

 

BITCOIN

 

SOPR – Another data to evaluate the sentiment of the general public would be to look at Spent Output Profit Ratio (SOPR). What is SOPR? In layman terms, it indicates if people have sold their BTC at a profit or if they sold at a loss. An SOPR value above 1 indicates that profit booking dominated loss booking and below 1 indicates that loss booking dominated profit booking. A value of 1 indicates that the coins were sold at their purchase price. Adjusted SOPR filters out transactions that are younger than 1 hour, thus, clearing out noise from the metric.

aSOPR for this week is at 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.
Derivatives markets indicate trend reversal on Bitcoin due to short covering.

 

Bitcoin chart

 

$BTC Price corrected by 0.66% in the last week. It has reached the demand zone, and a bounce back with a breakout above 32k  is expected from this level. The immediate support is expected at $25,000 and resistance is expected at $32,000. 


ETH/BTC

 

ETH/BTC is consolidating within the triangle pattern and it is trading near the demand zone. It corrected by 1.06% against BTC in the last week, the immediate support is expected around 0.062 and the next resistance is expected around 0.073 level. 

 

Tokens with high Relative Strength in the market

 

 

 

 

XMINT token listed on India’s biggest exchange delivered 10X returns. 

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

Start your Crypto Investments with XMINT Algos today