The DecenTrader Alpha
GM. Bitcoin price continues to grind up higher. Current price is $73,375. Bitcoin has made a fresh all time high every day so far this week as ETF flows continue to be positive.
Past 24hr performance
What Just Happened
- Ethereum Layer 2’s show huge drop in fees after dencun.
- Elon says Doge coin will be used to buy Teslas at some point.
- Dogwifhat becomes 4th largest meme coin.
- Vaneck tries to win market share, drops Bitcoin ETF fees to zero.
What’s Happening Now
Bitcoin is down -0.23% in the past 24hrs at a current price of $73,375. So far this year Bitcoin is now up +73.61%
Ethereum is down -2.18% in the past 24hrs, while Solana outperformed BTC and ETH as it is up 10.64%
Bitcoin: Predator Thermal Vision is now turning bearish across lower timeframes. Higher timeframes remain bullish.
Ethereum: Predator Thermal Vision is turning bearish on lower timeframes for ETH now also.
FOILS metrics: Funding, Open Interest and Long/Short Ratio are neutral for Bitcoin despite the relentless price climb. Open Interest and Long/Short ratio are bearish for ETH.
Solana shines
SOLUSD continues to outperform and make fresh cycle highs. It is up +10% in the past 24hrs and is now approaching Sniper resistance at $180. Underlying Sniper support is down at $136.
What’s Next
Long term trend outlook:
Predator indicator on the 3-day timeframe continues to be bullish for Bitcoin.
Macro calendar key events for next week:
- Tuesday 14th March: EU: CPI (YoY) Feb.
- Wednesday 20th March: UK: CPI (YoY) Feb.
- Wednesday 20th March: US: Fed Interest Rate Decision.
- Thursday 21st March: US: BoE Interest Rate Decision.
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