REZ Analysis :
REZ is a recently listed project in binance and going through the correction now. Price moving within the tight falling wedge pattern and nothing clean on the left to act as support. Only thing we can do is wait for the breakout of the falling wedge pattern, thats also a risky one to take it, so act accordingly.
AI is experiencing a downside scenario, and the price retested the triangle after a breakdown. We may see a move towards the major support area, which will be the zone for accumulation.
Major Support Area: $0.81-$0.86
Notice of Removal of Spot Trading Pairs - 2024-05-17
https://www.binance.com/en/support/announcement/1f93ef0e7ac84561bec9741f3393b55b
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Glassnode has reported that long-term Bitcoin holders, who had sold around 1 million BTC since late 2023, are now accumulating once again. This group has added approximately 70,000 BTC since the bottom of the cycle, as they see value in BTC's price consolidation above $60,000.
Читать полностью…ETC is currently testing the support area as expected. It is advisable to open small long positions in the support area. There might be some accumulation at the support before the next upward movement. The support and resistance levels remain the same.
Читать полностью…COMP analysis:
Price is currently trading within a triangle pattern, and a breakout may occur soon. It is advisable to wait for the triangle pattern to break before making new entries.
Support Area: $53.00-$53.50
Resistance Area: $58.00-$60.00
FTT tests the support area and the price bounced from there. If you have opened any long positions then increase your stop loss and hold the position. We may see a move towards the resistance area now.
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According to Glassnode, Ethereum staking saw a notable 9% increase in Q1, attributed to the DenCun upgrade and a surge in ETH prices. The rise in participation is further influenced by developments such as Liquid Staking and the Eigenlayer Airdrop.
Читать полностью…Bitcoin is holding the $60,000 level and bounced from there. The volume is dropping because of the weekend and we see some action on Monday.
Читать полностью…BTC miners are experiencing a notable decline in revenues after halving. This means the selling pressure is decreased.
Читать полностью…Bitcoin experienced a significant drop in value, but it managed to hold the $60,000 level, which is a good sign. We may witness some sideways movement in the market for now before a big move occurs. The price has been trading within a range for a long period, and a big wave may be coming soon.
Читать полностью…Coinbase experienced a remarkable surge in trade volume during Q1, surpassing $312 billion. Institutional trading played a significant role, outpacing retail and accounting for a whopping 82% share of the total volume.
Читать полностью…Bitcoin is slowly gaining momentum and may see some sideways movement over the weekend. To remain bullish, the price needs to break above the resistance area, while the support area remains the same.
Читать полностью…Educational Post
What Is Risk Premium?
At its core, risk premium represents the additional compensation investors expect in return for taking on higher levels of risk. It serves as a quantitative measure of the premium or extra return required by an investor to justify investing in a riskier asset compared to a less risky alternative. Investors, in their pursuit of returns, grapple with the trade-off between risk and reward, and understanding risk premium is essential to making informed investment decisions.
How Does Risk Premium Work?
The concept of risk premium is best understood through the lens of different financial instruments, particularly bonds. Consider a scenario where an investor is comparing two bonds – one issued by a stable government with a low risk of default and another issued by a corporation with a higher risk profile.
In this scenario, the government bond, being less risky, would offer a lower interest rate or yield compared to the corporate bond. The difference in yield between the two bonds represents the risk premium. Investors will naturally expect a higher return for holding the riskier corporate bond, compensating them for the added uncertainty and potential default risk.
Risk Premium in Cryptocurrency Markets
The emergence of cryptocurrencies has introduced a new dimension to the concept of risk premium. Digital assets like bitcoin (BTC) and ether (ETH), characterized by high volatility and a relatively short market history, present unique challenges for investors.
In the context of cryptocurrency markets, risk premium can be substantial due to factors such as regulatory uncertainty, technological risks, and the potential for extreme price fluctuations. Investors in cryptocurrencies often demand a higher return to compensate for the inherent risks associated with this nascent and rapidly evolving asset class.
Bitcoin’s 90-day correlation with US equities has increased to 0.17, up from a multi-year low of just 0.01 in March. Despite this rise, Bitcoin's correlation with risk assets remains significantly lower than its bull market highs of over 0.6.
Читать полностью…Bitcoin is currently holding the support area, with the price testing it. This could lead to a continuation of sideways movement near the support area, potentially allowing for some accumulation.
Читать полностью…SUI analysis:
Price is currently trading in a falling wedge pattern, approaching a decision zone. Consider initiating a small long position with a tight stop loss, as falling wedges typically break upward.
Support Area: $0.88-$0.90
Resistance Area: $1.05-$1.07
Educational Post
What Is Revenge Trading?
Revenge trading refers to a psychological trap where traders try to quickly recover their losses, often leading to irrational trading decisions. Revenge trading can lead to a dangerous cycle of poor trading decisions, as traders start basing their trades on emotions rather than proper trading strategies.
How Does Revenge Trading Work?
Revenge trading typically occurs when a trader experiences a significant loss or a series of losses. Feeling the pressure to "make back" the lost funds, the trader deviates from their trading strategy, often increasing their position sizing or entering trades with higher risk profiles.
The trader's judgment is clouded by emotions, overriding the discipline and rules set in their trading plan. They may start ignoring fundamental risk management principles and market indicators, focusing solely on recovering their loss as quickly as possible.
For instance, imagine that after a heavy loss caused by an unexpected market downturn, the trader doubles down on another risky position to recover the lost capital. The new position bets against the recent downturn. Despite market indicators suggesting further decline, the trader sticks with the new position without any reason other than to recover their previous losses.
Consequences of Revenge Trading
Revenge trading can negatively influence traders both financially and emotionally. Financially, revenge trading often leads to further losses. It can also result in higher trading costs if trading frequency increases.
Emotionally, revenge trading can lead to stress and anxiety. It can also lead to a feeling of frustration and failure, which might deter the trader from following a systematic trading approach in the future. Furthermore, persistent revenge trading can result in burnout, causing the trader to lose interest and potentially stop trading altogether.
Trading is hard and can be very stressful. If you find yourself revenge trading, or failing to follow your trading strategies, long-term investing might be a safer and easier choice, especially for beginners.
Bitcoin bounced from the support area but was unable to keep the upward momentum. Price is now slowly going towards the support area and we may see a bounce from there. Today is FOMC meeting and we are expecting high volatility in the market.
Читать полностью…Bitcoin ETF products experienced inflows for the first time in five weeks, amounting to $130 million. The majority of these inflows, totaling $135 million, were observed in the US region. Additionally, Grayscale, a key player in the market, witnessed its lowest weekly outflows since January.
Читать полностью…Bitcoin is going sideways as said. We may see some volume pump today when US markets open. Nothing has changed in the market as long as the price is holding the $60,000 support level.
Читать полностью…AI Analysis :
AI take a bounce from the build-up support area of $0.81 - $0.86 and moving within a triangle formation. Price currently, taking support from the trendline and need to watch a breakout now. Anticipating the clean with, whichever side this gonna break and trading ranges are good enough to take them.
ETH is once again testing the support area, demonstrating resilience as it holds firm. Accumulation appears to be underway, hinting at potential upward momentum. A bounce from the support area towards the resistance line could be on the horizon.
Читать полностью…ETC analysis:
Price is currently stuck in a narrow range and located at its centre. It is advisable to avoid trading at this point and wait for a retest of the support area before entering the market again.
Support Area: $24.40-$25.40
Resistance Area: $28.60-$29.60
The TOTAL crypto marketcap is currently in a downtrend channel on lower timeframes and may test the major support area before the next leg up. There is plenty of liquidity around this support area.
Major Support Area: $2 Trillion
DODO analysis:
The price is currently testing the resistance area. A small uptrend line is acting as support. It is recommended to wait for a clear breakout above the resistance area before opening new long positions. Conversely, if the price breaks below the uptrend line then there may be an opportunity for short entries.
Support Area: $0.127-$0.14
Resistance Area: $0.193-$0.205
JUP is slowly approaching the resistance area. Let's observe how the price reacts when it reaches the resistance area. Only consider opening long positions if the price breaks and closes above the resistance area.
Support Area: $0.835-$0.895
Resistance Area: $1.14-$1.22
FTT analysis:
The price was unable to break through the resistance area and encountered a lot of selling pressure. We will likely see a test of the support area in the next few days, which could be an opportunity for new entries. You can place your buy orders within the support area.
Support Area: $1.65-$1.75
Resistance Area: $2.18-$2.22