WhaleTank Crypto [Free Channel]

#BTCUSDT Chart Analysis

Price is currently consolidating within an area of support/resistance and has respected previous areas of demand. We shall wait for the breakout and a test of the supply zone at 119k for a clearer market outlook.

https://www.tradingview.com/x/ddFkjO1n/

Bitcoin's implied volatility is showing a record-high 90-day correlation of 0.88 with the S&P 500's VIX, highlighting the growing influence of Wall Street on crypto markets. This suggests BTC volatility is increasingly acting as a fear gauge like the VIX, driven by rising institutional involvement and volatility trading strategies.

#ETHUSDT Chart Analysis

Price had previously been rejected from a higher timeframe area of supply before reaching our latest POI which we are monitoring before setting any limits.
Signals will be shared accordingly.

https://www.tradingview.com/x/sGizgBbI/

#BTCUSDT Chart Analysis

Price has bounced off previous areas of demand and is currently retracing towards our POI. We'll be looking for lower timeframe confirmations before setting any limits.

https://www.tradingview.com/x/8eUo81Ed/

#XRPUSDT
#LONG

Risk: 2%
Entry: 3.4601
TP: 3.5522
SL: 3.4401

Price has bounced off an area of demand on higher timeframes and has given us lower timeframe confirmation. It is expected to tap into our POI targeting the latest supply zone.

https://www.tradingview.com/x/3NujlHpl/