Something we have been tracking very closely that is now playing out is Total 3 (#Altcoins Market Cap) vs #BTC has been forming a larger bullish Inverse H&S at support for a long time now with a measured move breakout target back to the December highs. This has officially broken out as of this week. 🤝 #Dogecoin #Crypto #Pepe #ADA
FOMC is 5 days away and it will be the biggest one in a while. Can't really vision much happening in this market besides choppy price action until that wraps up on the 17th. Do your best to enjoy your weekend folks. The calm before the storm is likely nearing its end soon. Powell's tone around future Fed policy will likely have a big impact. We have done everything we can do up until now to be well prepared. #Crypto #Altcoins #BTC
2/3 through the big data points and so far everything is going right on track if you’re looking for easing from the Fed. Softening labor market, inflation outlook anchored for the time being provides the perfect reason to start cutting. If that continues through the end of the year it will be bullish for risk assets. Simple stuff folks. Onto the FOMC on the 17th. 🤝 #Crypto #BTC #Altcoins
The jobless claims number ended up being the big surprise this morning. 30K over estimates. 2-Year dropping hard and rate cut projections are rising. Curious to see how the markets digest this over the next few hours. Inflation was right in line so nothing very surprising there. This upcoming Fed meeting is going to be big. I say 50BPS cut is on the table #Crypto #BTC #Altcoins
The #Altcoins Market Cap via Total 3 has respected this channel for many years on the LOG chart. While many think the Altcoins have not done well they have actually produced a beautiful market structure over the last couple of years with higher highs and higher lows as we have approached previous ATH. The whole market cap is coiling up for a big move and it will come on the back of a projected macro environment that is more favorable to them to outperform. It is called the pricing in effect. CPI today will be big we want less than 2.9%. $1.16 Trillion remains the level to break. Stay Patient and wait for the incoming data to help guide us. 🤝#Dogecoin #DOGE #AVAX #ADA #LTC #Crypto
Charlie Kirk has passed away. My thoughts and prayers are with him, his wife and two young children. Charlie is now walking hand to hand with our lord and savior Jesus Christ. There is a lot of sick people in this country and something needs to be done about it. RIP Charlie
We’re 1/3 through the big data points over the next week and we started of very good with PPI coming in way lower then expected. CPI tomorrow will be bigger and then FOMC on the 17th. If CPI comes in cooler tomorrow then I will be asking why not 50 basis points of cuts on the 17th and I am sure the market will too. This next week will have a major impact on a October/Q4 forecast for price action. 🤝 #Crypto #BTC #Altcoins
XRP recently hit a milestone - its futures contracts on the CME (Chicago Mercantile Exchange) surpassed $1 billion in open interest making it the fastest crypto contract to do so.
On Aug 12 the XDC Network reached a major staking milestone with over $300 million worth of XDC locked in Pos system including 2.66 billion XDC in master nodes & $13.1 m in DeFi staking protocols.
There are 1.55 million unique XDC wallet addresses, with 6200 new addresses daily