On Oct. 16, there was a significant outflow of Bitcoin from exchanges, totalling 7,000 Bitcoin, which is worth approximately $200 million. Although some of this movement may be due to the recent spread of misinformation about the approval of a Bitcoin spot ETF, the transfer of funds on the blockchain has been ongoing both before and after the occurrence.
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Bitcoin is trying to break above the $28,500 level and continuously testing it. A break above this resistance is bullish and brings good movement in the market. BTC is bullish as long as it holds above the $28,000 area.
Читать полностью…Price broke the downtrend channel and now testing the resistance area. A break and hold above the $0.1405 resistance level is bullish and will push the price toward the $0.16 resistance area. Wait for a clear breakout above the resistance area for new entries.
Читать полностью…ARB is been in a small consolidation phrase and have to wait for a breakout to happen. Overall, anticipation is a fakeout to the upside as resistance zone of is near round $0.864. Try to get shorts over there.
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ETC Analysis :
ETC is been moved the Bitcoin Upmove with ended up being a long liquidation wick. Well, Volume is not enough to push higher, so we can see a drop till strong support zone of $14.47 - $14.83. Right now, wait for the setup to appear and have an eye on breakout.
Educational Post
What is a block halving?
A block halving is a process of reducing the rate at which new cryptocurrency units are generated. Specifically, it refers to the periodical halving events that decrease the block rewards provided to miners.
Why are halvings significant?
Halvings are at the core of the cryptocurrency economic models because they ensure coins will be issued at a steady pace, following a predictable decaying rate. Such a controlled rate of monetary inflation is one of the main differences between cryptocurrencies and traditional fiat currencies, which essentially have an infinite supply.
How many Bitcoin halvings have there been previously?
As of July 2019, there have only been two previous Bitcoin halving events. These occurred on the 28th of November, 2012 and the 9th of July, 2016. At the time of the first halving event, the price of Bitcoin was $12.31 and at the time of the second halving event, the price of Bitcoin was $650.63.
There will only ever be 32 bitcoin halving events. Once all of these have occurred, there will be no more halvings and there will also be no more Bitcoin created as the maximum supply will have been reached.
Bitcoin broke the falling wedge pattern and moved upward as expected. The price is heading towards the major resistance area, and we may see a test of it. Let's see how BTC reacts there.
Читать полностью…ARB analysis:
Price is currently in a downtrend and has broken a small uptrend line. A potential small long position can be taken at the next major support level of $0.73-$0.75 with a tight stop loss. The resistance is at the $0.86-$0.88 area.
DAR broke the trendline in a downward direction. This is a bearish sign, which is why we told you to use tight stop loss. We may see a test of the trendline and the continuation of the downtrend.
Читать полностью…YGG analysis:
YGG is currently trading in a tight range, making it a no-trade zone. Wait for a test of the support area before opening new long positions.
ZIL has bounced back from the support area as expected. If you have opened long positions, then it is advisable to increase your stop loss and hold the position. The downtrend line resistance is at the $0.17 level, and the price needs to break above this resistance line to see any upward movement.
Читать полностью…1INCH analysis:
The price has broken the uptrend channel in a downward direction and is currently retesting it. In order to see some positive movement, the price needs to break above the $0.25 level. If you're planning to open a long position, make sure the price breaks and holds above the $0.25 level. The support levels are $0.235 and $0.2075.
Bitcoin Dominance is forming a symmetric triangle on daily chart. The major support is 48-49% area. We will see altseason only after a break below this support zone. The symmetric triangle breakout will decide the next move. An upward breakout is bearish for altcoins. Use tight stop loss in all open trades.
Читать полностью…OCEAN is slowly moving toward the support area after the rejection. Don't FOMO for new positions and wait for a test of the support area.
Читать полностью…Notice of Removal of Margin Trading Pairs - 2023-10-26
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After the breakout price pumped hard because of the fake news. However BTC is unable to hold above $28,500 level. The good news is price is trading above $28,000 level. A break above $28,500 will send the price again toward $30,000 level.
Читать полностью…ETC Analysis :
ETC is been moved the Bitcoin Up move with ended up being a long liquidation wick. Well, Volume is not enough to push higher, so we can see a drop till strong support zone of $14.47 - $14.83. Right now, wait for the setup to appear and have an eye on breakout.
BTC price pumped on fake ETF approval news. Price dumped instantly as the news turned to be a fake one. There is no approval of BTC ETF yet. This is just a trailer of what will happen when SEC approves a BTC ETF.
Читать полностью…As anticipated, RUNE has dropped to the support level. If you have placed buy orders, now is the time to hope they are filled. It is recommended to increase your stop loss and hold onto this position. Currently, the position is running at more than 18% profit from the bottom. There is a possibility of the price moving towards the resistance area.
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Educational Post:
What Is Network Congestion?
Network congestion occurs when the number of transactions submitted to the network exceeds its capacity to process these transactions. This phenomenon has several contributing factors, such as external factors including market volatility and intrinsic network characteristics such as block size and block time.
As more people submit transactions to the blockchain, the number of unconfirmed transactions in the mempool can exceed what can be included in a single block. This is particularly relevant for blockchains with inherent limitations in block size and block time.
Increased transactions can be driven by sudden price volatilities leading to a surge in transaction activities or waves of mass adoption cycles.
As blockchain technology is expected to be adopted by more users in the coming years, network congestion issues are gaining prominence. A network’s ability to efficiently process a high volume of transactions is pivotal for widespread adoption and usability. This is particularly relevant for blockchain systems intending to facilitate real-time, everyday transactions.
While blockchain network congestion poses significant challenges, the community continues to develop solutions to help mitigate these issues. This is why research around blockchain scalability enhancement is at the forefront of the industry.
Bitcoin is breaking out of the falling wedge pattern. Wait for the candle to close above the trendline for confirmation. This breakout is bullish for BTC and we may see some upward movement next week.
Читать полностью…Educational Post
What Are No-code Tools?
No-code tools empower individuals to build applications, websites, or automate processes without needing to write code. They largely leverage a visual development environment, enabling users to design interfaces and workflows by dragging and dropping elements.
No-code tools in the crypto space allow people without technical coding skills to interact with, build on, and leverage blockchain technologies. These platforms provide ready-to-use interfaces and workflows, enabling users to perform functions that usually require complex coding, such as creating smart contracts, building a decentralized application (DApp), initiating DeFi (decentralized finance) transactions, and more.
For instance, a no-code platform might let a user set up a smart contract on the Ethereum network by filling in specifics about a transaction, such as parties involved and conditions for the transaction, without any coding. Similarly, it could enable users to create Dapps, crypto trading bots, or yield farming operations by simply selecting options and defining conditions.
Bitcoin is trying to break the falling wedge pattern. Price is testing the resistance line. A break above the pattern will bring upward movement in BTC.
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• Signals are left around the✅ clock
• Support 24 hours✅
• Possibility of profit : 100%✅
⚡️Spot:
• 7 - 8 signal in per week
• The strongest short term buy signals
• Gem Coins for mid/long-term 💎
• Low risk 5/10x coins
• The signals are placed in 3 modes of short term, mid term and long term, which have a very low risk 🟩
Contact to join vip 💸
🧑💻@Buy_vip_signal_bot