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@Coach Crypto Coins AMA's, Info, News and portfolio research. ✅ Get Pvt group Memberships : https://forms.gle/zqpawuVqVSd572pZ6 Contact: @ccc_verify Disclaimer: Educational content - This is Not a Financial advice ! DYOR !
Dollar cost average
🔅Dollar-cost averaging is the practice of systematically investing equal amounts of money at regular intervals, regardless of the price of a security.
🔅Dollar-cost averaging can reduce the overall impact of price volatility and lower the average cost per share.
🔅By buying regularly in up and down markets, investors buy more shares at lower prices and fewer shares at higher prices.
🔅Dollar-cost averaging aims to prevent a poorly timed lump sum investment at a potentially higher price.
🔅Beginning and long-time investors can both benefit from dollar-cost averaging.
😇@Coach😎
TON coin was listed recently in many exchanges such as Huobi, OKX, Bybit..
Price already soared from 1.5 usd to 2.5 usd.
TON coin is the telegram token used for multiple tools.
TONcoin was listed on FTX exchange and many users have lost their coins since.
When binance listing you are asking? We do too.
HOOK/USDT
Hook, the latest launchpad from Binance is moving within a falling wedge. Good chances for a local breakout.
🟥 Red box = Entry and stop
🟩 Green box = Target zone
🛑 Stop-Loss = Close 4hr below the red box (1.25)🟥
@Coach
Home sales volume fell 7.7% in November and 35.4% over the last year.
This is what a housing crash looks like: Volume collapses first, then prices.
📍 Follow @Coins for the hottest news in crypto.
🎄 THE 2022 ROUND-UP 🎄
2022 has been one of the most chaotic, volatile, and financially brutal years, not only for the digital asset industry, but also for wider financial markets.
🔘 Short-term realized volatility for BTC is currently at multi-year lows of 22% (1-week), and 28% (2-weeks), making for the lowest volatility regime since Oct 2020.
🔘 Futures volumes are similarly depressed, now probing multi-year lows.
🔘 Both BTC and ETH markets are currently trading similar volumes between $9.5B and $10.5B per day. This shows the massive impact of tightening liquidity, widespread deleveraging, and the impairment of many lending and trading desks in the space.
🔘 Open Interest in futures markets has pulled back significantly following the FTX implosion.
🔘 Both Bitcoin calendar futures and perpetual swaps are trading in a state of backwardation, which is uncommon. This suggests the market is relatively 'hedged' for further downside risk, and/or heavier with short speculators.
🔘 The excess liquidity bubble from the loose monetary policy era in 2020-21 created a record yearly total realized profit on-chain.
🔘 Long-Term Holders in this cycle realized two of the largest relative loss spikes in history. Despite these spectacularly large losses, the age of the coin supply, and propensity for HODLing by those who remain continues to rise.
🔘 Last week saw the largest downwards difficulty adjustment since the Great Mining Migration in July 2021. Difficulty declined by 7.32%, signifying a reasonably large portion of the active hashrate was switched off, likely a result of continued income stress.
🔘 The Ethereum Merge, completed on 15-September, was arguably the most impressive engineering feat of the year. Since the Merge, the number of active validators has increased by 13.3%, with over 484k validators now operational.
🔘 With such an extreme drawdown in token prices, and a severe contraction of liquidity, the total value locked in DeFi has fallen dramatically.
🔘 Stablecoins have become a cornerstone asset of the industry since 2020, with 3 of the top 6 assets by market cap now being stablecoins.
🔘 Total stablecoin supply peaked at $161.5B in March 2022, however has since seen large scale redemptions exceeding $14.3B. This reflects just 8% of the peak stablecoin supply, suggesting a majority of this capital still remains in this new digital dollar format.
After all the challenges of 2022, the digital asset industry still stands, lessons are learned, and Bitcoin blocks keep being found.
📍Read the full overview by Glassnode
#Coach_Analyzes
@Cryptocoinscoach
MoonPay partners with Uniswap to offer fiat on-ramp.
By integrating with MoonPay, Uniswap has made it easier than ever for users to top-up their wallets directly with a card or bank transfer, including Instant ACH.
Conversion demo.
📍 Follow @Coins for the hottest news in crypto.
Fellow Binancians,
Binance will remove and cease trading on the following trading pairs at 2022-12-27 03:00 (UTC):
Spot Pairs: ANC/BNB, ANC/BTC, ANC/USDT, MIR/BTC, MIR/USDT, TORN/BTC, TORN/USDT, YFII/BTC
Coinbase raised money in 2018 at an $8b valuation. It's currently trading at a $9b valuation.
Meanwhile:
2018 Revenues: $520m
2022 Revenues: $3.3b
2018 Users: 22m
2022 Users: 101m
2018 Assets on Platform: $11b
2022 Assets on Platform: $101b
📍 Follow @Coins for the hottest news in crypto.
Daily Digest (December 20, 2022)
🔸 Greenidge deal with lender NYDIG would see miner shift to hosting.
🔸 Coinbase, Silvergate reverse losses to rise alongside traditional markets.
🔸 Binance joins U.S. lobby group's executive committee.
🔸 Auction house Christie's NFT sales fell 96% in 2022.
🔸 Polygon co-founder launches web3 startup accelerator Beacon.
🔸 Central African Republic delays listing Sango coin to 2023.
🔸 BlockFi seeks to reopen withdrawals for certain users.
🔸 Visa proposes using StarkNet for automatic recurring payments.
🔸 Bankman-Fried will agree to extradition to U.S.
🔸 Silvergate shares slide after lawsuit accuses the bank of playing an 'integral' role in FTX fraud.
@Cryptocoinscoach
#CryptoPrimeTime_with_Coach
Waves founder Sasha Ivanov has announced the launch of a new stablecoin.
https://twitter.com/sasha35625/status/1605135291802451969
Daniel Alegre, former president and COO of Activision Blizzard, is set to join the firm as CEO of Yuga Labs, the creators of BAYC NFT collection.
Alegre, who has been with Activision Blizzard since 2020, previously worked in various roles at Google.
🔗 Telegram | Twitter
┌🟥 #LINK Liquidated Long - $238.9K at $5.700
└Funding Rate: 0.01%
┌🟥 #BTC Liquidated Long - $67.4K at $16272.42
└Funding Rate: 0.01%
US markets have a bearish bias in the higher time frame.
Watch closely Crypto may drop more if US markets drop.
😇@Coach😎
SEC identifies the FTT exchange token as a security.
@CryptoCoinsCoach
From SEC's civil complaint filed by Caroline Ellison and Gary Wang against SBF reveals Sam CREATED Alameda’s Deal and Took Actions to Hurt FTX.
Over $8 BILLION of customer funds were wired by customers DIRECTLY TO ALAMEDA rather than FTX.
@CryptoCoinsCoach
Home sales volume fell 7.7% in November and 35.4% over the last year.
This is what a housing crash looks like: Volume collapses first, then prices.
📍 Follow @Coins for the hottest news in crypto.
Daily Digest (December 21, 2022)
🔸 Genesis and DCG creditor committee propose plan for asset recovery.
🔸 Bankman-Fried extradition to U.S. approved.
🔸 Metaverse market collapses, with monthly platform sales falling 96% so far this year.
🔸 Brazil's cryptocurrency regulation set to become law at midnight.
🔸 Coinbase approved as Virtual Asset Service Provider by Irish central bank.
🔸 Crypto market maker Auros defaults on $7.5 million Maple Finance loan payment.
🔸 Swyftx crypto exchange exits $1 billion merger amid regulatory scrutiny.
🔸 Waves blockchain founder asks exchanges to disable futures trading for native token.
🔸 Publicly traded crypto miner Core Scientific files for Chapter 11 bankruptcy.
🔸 Argentine fan token sinks after World Cup win as parade fizzles with players evacuated.
@Cryptocoinscoach
#CryptoPrimeTime_with_Coach
Cup and Handle Pattern
🔅A Cup and Handle is a bullish continuation chart pattern that marks a consolidation period followed by a breakout.
🔅Chart patterns form when the price of an asset moves in a way that resembles a common shape, like a rectangle, flag, pennant, head and shoulders, or, like in this example, a cup and handle.
🔅The cup forms after a downtrend and is followed by an uptrend and looks like a bowl or rounding bottom.
🔅As the cup is completed, the price trades sideways, and a trading range is established on the right-hand side and the handle is formed.
🔅A breakout from the handle’s trading range signals a continuation of the previous uptrend.
🔅In the case of a Cup and Handle chart pattern, the stop loss should be placed at the previous low of the pattern.
🔅The limitation for the target will be the previous resistance level which was formed before by the price action.
😇@CryptoCoinsCoach😎
The 2022 Global Crypto Adoption Index Top 20 by Chainalysis.
Smash 🔥 if your country is in the list and share with your friends to let them know 📨
BTC Dominance looks to be having a bullish BIAS but is currently at an important support and resistance level which will decide the path.
➡️Strong rejection = Mini Alt season
➡️Break above = Another alt drop
🥳@Coach
Horizontal Channel Pattern
🔅A horizontal channel is a chart pattern formed from two parallel trend lines drawn above and below price representing resistance and support levels
🔅Horizontal channels, also known as horizontal trend channels, are chart patterns used in technical analysis.
🔅Like ascending and descending channels, horizontal channels are formed by drawing trend lines for both high and low prices on a chart.
🔅The difference between the other two is that a horizontal channel is characterized as having equal highs and lows.
🔅In the case of a Horizontal Channel chart pattern, the stop loss should be placed at the previous low of the pattern.
🔅The limitation for the target will be the previous resistance level which was formed before by the price action.
😎@CryptoCoinsCoach😇
The largest DOGE holder (DPDL...SBgZ) transferred 3.841 billion DOGE ($280m) to the address DDuXGMFNGpGjaAqyDunSMvceMBruc1wwKF today, and DDuXG is already the fifth largest DOGE holder. These transfers are also the largest single-day transfers since DPDL...SBgZ was created. — link
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Binance net flows remain reasonable amidst withdrawal surge.
On December 11th, Binance froze withdrawals on some accounts that were profiting from irregular price movements on the exchange, which was then determined to just be market behavior. The intervention raised eyebrows at the power CEXs have over client funds.
The exchange then got hit with a surge in USDC withdrawals, which it had trouble processing due to the need for liquidity by swapping PAX or BUSD for more USD Coin during non-banking hours.
While there was over $6b in outflows from Binance addresses on the Ethereum network alone on December 13th, there was also $6b of inflow activity, leaving the net flow at only -$245m. Both inflows & outflows were higher than normal throughout the week.
This does not even mark the lowest net flow for the month, as withdrawals exceeded deposits by over $1 billion on November 24th.
The lowest net flow of the week was on December 12th at -$829 million.
📍 Follow @Coins for the hottest news in crypto.
┌🟥 #LTC Liquidated Long - $166.5K at $61.09
└Funding Rate: 0.0062%
Daily Digest (December 19, 2022)
🔸 Binance to acquire remaining 40% stake in Indonesian exchange Tokocrypto.
🔸 Polychain Capital leads bitcoin wallet developer Foundation’s $7 million raise.
🔸 BAYC creator Yuga Labs rounds off year with new CEO from Activision Blizzard.
🔸 US prosecutors probing Bankman-Fried’s political donations.
🔸 Grayscale will explore returning 20% of investor capital if SEC refuses spot Bitcoin ETF.
🔸 Binance losing auditing partner Mazars leaves crypto questions unanswered.
🔸 Axelar launches $60M startup ecosystem program.
🔸 Crypto investment firm CoinShares debuts trading on Nasdaq Stockholm.
🔸 China adds more cities to its digital yuan pilot.
🔸 Kazakhstan to press on with CBDC development until 2025.
@Cryptocoinscoach
#CryptoPrimeTime_with_Coach
Bearish Rectangle Pattern
🔅A bearish rectangle is formed when the price consolidates for a while during a downtrend.
🔅This happens because sellers probably need to pause and catch their breath before taking the pair any lower.
🔅In this example, the price broke the bottom of the rectangle chart pattern and continued to shoot down.
🔅If we had a short order just below the support level, we would have made a nice profit on this trade.
🔅In the case of a Bearish rectangle chart pattern, the stop loss should be placed at the previous high of the pattern.
🔅The limitation for the target will be the previous support level which was formed before by the price action.
😇@CryptoCoinsCoach😎
