Bitcoin is gradually trending upwards, hinting at a potential move towards the $70,000 level. Should BTC successfully surpass this milestone, it could trigger a significant upward rally in the broader crypto market.
Читать полностью…Educational Post
What Are Appchains?
Appchains are specialized blockchains designed for a specific function. Unlike general-purpose blockchains that offer a variety of applications, appchains are focused on individual applications. This approach allows for transaction processing, fees, smart contract functionalities, and many other factors tailored to the needs of particular applications.
How Do Appchains Work?
Appchains operate based on the main principles of blockchain technology, but with changes that make them tailored to the needs of individual applications. Each appchain dedicates its resources to a specific task, ensuring that they are not spent on unrelated applications.
Appchains can implement various consensus mechanisms, such as Proof of Work (PoW) or Proof of Stake (PoS), that are most suitable for individual applications. For instance, an appchain for a financial application might choose to use a different consensus mechanism than one designed for supply chain management.
In addition, smart contracts on appchains can be specifically designed to meet the demands of individual applications. This allows for more complex contract logic that can enhance the functionality and efficiency of individual applications.
The Liquidation Heatmap data indicates over $50 million in liquidations at the $66,000 level and over $54 million in liquidations at $67,400. This may lead to a liquidation of overleveraged positions in both directions.
Читать полностью…ETHFI analysis:
Price is approaching a decision zone within a big triangle pattern. The next move will be determined by which side the triangle pattern breaks.
Support Area: $3.40-$3.50
Resistance Area: $4.30-$4.40
FET analysis:
Price is attempting to break a resistance area. A successful breakout above this resistance area is bullish and will send the price towards an all-time high resistance area. A break and close above $2.50 is a buy signal, so keep an eye on it.
TNSR analysis:
Price is attempting to break above a resistance area. A bullish break above this resistance will lead to the continuation of the upward movement. You can open a small long position here with a tight stop loss.
Buy Zone: $1.09-$1.14
Stop loss: Below $1
As expected, DOGE rebounded from the support area. If you have opened a long position, consider increasing your stop loss and holding the trade. The support and resistance levels remain unchanged.
Читать полностью…ADA analysis:
The price has recently tested a significant support area and has rebounded from there. If there is another quick sell-off, you can consider placing your buy orders in the support area and waiting. We may see a move towards the resistance area in the coming days.
Support Area: $0.43-$0.46
Resistance Area: $0.588-$0.60
Bitcoin is currently grappling with the $65,000 resistance level but hasn't managed to break through yet. Despite this, the sideways movement is persisting, which could bode well for the altcoin market. Many altcoins are already demonstrating double-digit gains, signalling a potential shift in market dynamics. We'll keep a close eye on how Monday unfolds for further market move.
Читать полностью…We are still very early as compared to the previous bull rallies. This rally is still early and we may see some big waves in the coming months. There may be some small dumps in the way also so be prepared.
Читать полностью…ALGO rebounded from the support area. If you've taken long positions, then you should increase your stop loss and hold the position. We may see a move towards the resistance area. The support and resistance levels remain unchanged.
Читать полностью…Bitcoin ETFs hold 851k BTC, 4.3% of circulating Bitcoin, showcasing their market influence. With the recent inflow slowdown since March and BTC at $60k post-drop, market is stabilizing.
Читать полностью…It seems that SOL has been dumped into the support area as expected. If you have opened long positions at the $133-$140 support area, it's recommended to increase your stop loss near the $125 level and hold the position. We may see an upward move toward the resistance now.
Resistance Area: $162-$169
LPT analysis:
Currently, the price is being tested at the resistance area. It remains to be seen how the price will react at this level and if it will be able to break above this resistance area. A break above the resistance area would be considered bullish and we may witness a continuation of the upward move. It is advisable to wait for a clear breakout before making any new entries.
Resistance Area: $13.10-$13.50
BCH analysis:
Price is approaching the resistance area. It's advisable to wait for new entries due to this being a no-trade zone. Let's observe how the price reacts to the resistance area.
Support Area: $445-$460
Resistance Area: $550-$570
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Bitcoin is currently trading above the $65,000 mark, which is a positive sign. The US markets have also started to recover after the recent war news, indicating that the upward trend in the cryptocurrency market is likely to continue. The resistance and support levels currently remain unchanged.
Читать полностью…The NUPL indicator suggests that most long-term BTC holders remain steadfast, indicating that widespread market euphoria is not imminent. According to Glassnode data, the current trend is in the early stages of active growth.
Читать полностью…Bitcoin has successfully breached the $65,000 level, signaling a positive development in the market. Following the halving event, the market is exhibiting considerable strength, indicating that the recent downturn may have come to an end. With this momentum, there is anticipation for a potential move towards $70,000 in the near future.
Читать полностью…Bitcoin's volatility has steadily decreased since January 2020, showing fewer extreme peaks. Currently, it sits just below 60%. As Bitcoin solidifies its status as a valuable asset, expect its volatility to further diminish over time.
Читать полностью…Bitcoin Dominance is gradually decreasing, which is a positive signal for altcoins. Let's observe whether Dominance will break below the support area of 55%. This break will continue the upward trend in altcoins.
Читать полностью…STRK analysis:
After the dump, the price is now trading in a downtrend channel. Price is now slowly moving towards the resistance line of the downtrend channel. This is no zone for new entries and better to wait for some time.
CAKE is holding the market structure and its price is moving up from the support area. If you open a long position at support, increase your stop loss and hold.
Support Area: $2.42-$2.70
Resistance Area: $3.61-$3.81
Bitcoin has rebounded after a liquidity grab and is now approaching the $65,000 resistance level. The Bitcoin halving has been completed and there hasn't been much selling activity in the market as of yet. It's possible that we may see some sideways movement over the weekend, with a potential for some significant movements on Monday.
Читать полностью…ARB Analysis :
ARB stop hunted both sides of the strong levels and started a new consolidation. The support is around $1.05 - $1.08 and Resistance nearby $1.18. ARB is a good project for long term and now available at cheaper price. Its better to accumulate some here and add more with the breakouts.
API3 broke the triangle pattern in a downward direction and experienced a significant drop. Due to this, we recommend waiting for some time before making new entries. Currently, the price is trading near the support area, indicating that we may see some sideways movement. You can open a small long position at the support area with a tight stop loss.
Support Area: $1.95-$2.15
Resistance Area: $2.70-$2.90
Bitcoin was again dumped below the support zone to grab liquidity. There is good buying pressure and the price is instantly pumped from there. Bitcoin halving is just coming within 18 hours.
Читать полностью…Educational Post
What is Wash Trading?
Simply put, wash trading refers to the practice of buying and selling the same financial instruments to create a false representation of market activity. This seemingly deceptive tactic can have consequences for market integrity and fairness.
In other words, wash trading involves an individual or entity acting as both the buyer and the seller in a trade, creating an illusion of genuine market activity. In most cases, the goal is not to derive profit from the trade itself but to manipulate market perceptions, such as boosting trading volume or influencing price trends. This practice is considered unethical and, in many jurisdictions, illegal.
How Wash Trading Works
In a typical wash trade scenario, an individual or entity places buy and sell orders for the same financial instrument. The intent is to deceive other market participants into believing that there is significant trading activity when, in reality, there is no change in asset ownership. Automated trading algorithms or trading bots can be programmed to carry out wash trades, amplifying the frequency and impact of this activity.
Consequences of Wash Trading
Wash trading can have several negative effects on financial markets. Firstly, it can distort market data by creating artificial trading volumes, making it challenging for traders and investors to accurately assess market conditions. Additionally, it can lead to false signals and misinformed decision-making, as traders may interpret the inflated activity as genuine market interest. This manipulation can undermine the fairness and efficiency of the market, eroding trust among participants.