The DecenTrader Alpha
GM. Bitcoin is pushing higher at $27,350, up +9.7% since last weeks’ lows. Predator is green across all timeframes except the weekly. And US lawmakers advance plans to block a digital dollar.
Past 24hr performance
What Just Happened
- US lawmakers are putting plans in place to block attempts for a digital dollar.
- House of Lord’s in the UK passes bill to seize stolen crypto.
- SEC unable to get their wish of immediate access to Binance.US software.
- FTX Brankruptcy Estate goes after SBF’s parents.
What’s Happening Now
Bitcoin is up 1.87% in the past 24hrs at a current price of $27,350. It is up 9.7% since the lows of last week.
Bitcoin: Predator Thermal Vision is currently bullish across all low to medium timeframes.
Ethereum: More choppy cuirrently with Predator Thermal Vision bearish on 1H, 4H, 3D. Bullish on other timeframes.
FOILS Bitcoin and Ethereum:
The combined FOILS daily outlook for both Bitcoin and Ethereum is bullish. Open Interest is up along with price, while funding rates and Long/Short ratio remain very low.
One’s To Watch – Commando Intelligence Top Scorers:
Commando market conditions are positive with CELO (Celo) and ROSE (Oasis Network) the top scorers with a Commando score of 3 and Predator low timeframes bullish.
What’s Next
Trend outlook:
The weekly Predator chart remains bearish on current candle but all other timeframes are bullish.
In the calendar this week:
- Tuesday / Wednesday, September 19th/20th: Federal Reserve two-day meeting.
- Thursday, September 21th: US GDP second estimate of Q2 2023 GDP released.
- Friday, September 22nd: Eurozone Manufacturing PMI data released.
- Friday, September 22nd: UK Manufacturing PMI data released.
