Reports of conflict (war) in the Middle East have sent shockwaves through the crypto market, triggering a significant downturn. However, we remain hopeful that once the situation stabilizes, we'll witness a return to market equilibrium.
Читать полностью…The forthcoming halving event is poised to lower Bitcoin's inflation rate below that of gold's, marking a significant milestone in the cryptocurrency's evolution. This achievement solidifies Bitcoin's position as the unrivaled leader in the realm of digital assets.
Читать полностью…If you have taken a long position, it is recommended that you increase your stop loss and hold. VET has tested the resistance area and was initially rejected from it. We may see another move towards the resistance area. The support and resistance levels remain the same.
Читать полностью…Bitcoin is currently holding above the $70,000 level, and it remains to be seen whether the price will move towards the all-time high resistance area. The support and resistance levels remain the same.
Читать полностью…BNB has broken the triangle pattern in an upward direction, and the price has also retested it. This indicates a likely continuation of the upward movement, with a potential move towards an all-time high price in the coming days. If you are holding BNB, it is recommended that you use a trailing stop loss to manage your risk.
Читать полностью…Now you can buy $BFLOKI on Binance Web3 wallet🔥
https://twitter.com/BitFloki_io/status/1778445859149225995?t=k728q0mrf6SI_SnL1FQIXA&s=19
As per tweet BitFloki team is giving clear hint for big stuff in pipeline for #BFLOKI holders
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As per XT.com official announcement XT will list BFLOKI at $0.00012 price on 15th April , 14:00 UTC.
This means we are getting $BFLOKI at very cheap price currently. Grab it and be a early bird of this massive journey 🥳
https://xtsupport.zendesk.com/hc/en-us/articles/31042547390617-XT-COM-Announcement-on-Launching-BFLOKI-bitFloki
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The market's recovery to the 2021 cycle high coincided with a peak in the Bitcoin Relative Realized Profit, hitting 1.8%. This indicates that 1.8% of the market cap was locked in as profit over a 7-day period. While this is noteworthy, it's important to note that it's lower compared to the profit-taking intensity observed during the January 2021 rally, which stood at 3.0%.
Читать полностью…The TOTAL crypto marketcap experienced a false breakout above the triangle pattern and the price has now returned to within the triangle. We will likely see another breakout in either direction soon which will determine the next move in the crypto market. The resistance level remains unchanged.
Читать полностью…BLUR analysis:
Price is now slowly headed towards the support zone. You can place your buy orders near the support and wait. We are expecting a bounce from the support area.
Support Area: $0.435-$0.485
Resistance Area: $0.777-$0.84
Bitcoin Dominance is currently trending upwards and is adhering to the trend support line. The price is moving towards a significant resistance area, and there is a possibility of rejection from this area. Altcoins are experiencing a period of stability and are waiting for a shift in Bitcoin Dominance. It's crucial to monitor BTC Dominance before initiating new positions in altcoins.
Support Area: 51.90-52.15
Resistance Area: 54.80-55.35
Notice of Removal of Spot Trading Pairs - 2024-04-12
https://www.binance.com/en/support/announcement/529f9465efdc4e138034de7fe02d3e58
COTI analysis:
Price broke out of the triangle pattern and is now retesting it. You can initiate a small long position near the support area with a tight stop loss. We may see a move towards the resistance area in the coming days.
Support Area: $0.155-$0.163
Resistance Area: $0.203-$0.210
Educational Post
What Is Liquidity in Crypto?
In the crypto market, liquidity refers to how easily a coin or token can be bought or sold without causing significant price movements. Liquidity is a measure of the availability of buyers and sellers and the ability to execute trades quickly and at fair prices. For example, popular cryptocurrency exchanges have higher trading volumes and more participants, making it easier to buy or sell cryptocurrencies and execute trades.
High-liquidity cryptocurrencies such as bitcoin and ethereum, tend to have a large number of active buyers and sellers. This means there's a greater chance of finding someone to buy or sell your cryptocurrency without significantly affecting its price. This may not be the case for an altcoin with a smaller market capitalization.
Liquidity is influenced by market depth, or order book depth, which refers to the number and size of buy and sell orders in the order book. A deep market implies a substantial number of orders on both the bid (buy) and ask (sell) sides, providing ample liquidity for traders. This allows traders to make larger trades without causing drastic price fluctuations.
Another important concept is the bid-ask spread, which is the difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask). In liquid markets, the spread is generally smaller, meaning that the price difference between buying and selling is narrower. This benefits traders by allowing them to execute crypto trades at more favorable prices.
What is a liquidity pool?
Liquidity pools are a core component of automated market maker (AMM) systems and enable the smooth operation of decentralized exchanges (DEXs). In a liquidity pool, users contribute their assets to create a collective pool of liquidity in exchange for a share of the fees generated from trading activity within the pool. The assets are typically paired and are used to facilitate trading on the platform. Liquidity pools operate by keeping the value derived from multiplying the value of both assets constant.
You can think of it as a reservoir of funds that allows for decentralized, peer-to-peer trading without the need for a centralized intermediary.
VET has broken out of a triangle pattern and is now retesting the trendline. Consider opening a small long position here with a tight stop loss, as we may see a continuation of the upward movement.
Support Area: $0.045-$0.046
Resistance Area: $0.050-$0.0513
SYN analysis:
Price is breaking down the triangle pattern, a candle close below the trendline is bearish. It is recommended to wait for some time before opening new positions as we may see a move towards the support area.
Support Area: $0.80-$0.84
Hong Kong is poised to potentially greenlight a Spot ETF that delves straight into Bitcoin and Ethereum, as reported by Bloomberg. The twist? Unlike the U.S., these cryptocurrency ETFs in Hong Kong could back physical redemptions.
Читать полностью…Introducing Omni Network (OMNI) on Binance Launchpool! Farm OMNI by Staking BNB and FDUSD
https://www.binance.com/en/support/announcement/3954d04933da443ab539ca38616013de
#BFLOKI breakout with massive volume spike recently and now retesting key support level
Buy it on retest in anticipation of continuation from here 🚀
Mexc : https://www.mexc.com/exchange/BFLOKI_USDT
PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0x79CDc9cA057E16dFfd45BD803491f328f49e1762
Educational Post
What is Mainnet Swap?
Essentially, a mainnet swap consists of switching from one blockchain network to another. In most cases, the swap takes place when a cryptocurrency project migrates from a third party platform (e.g., Ethereum) to their own native blockchain network. At this point, their cryptocurrency tokens are gradually replaced by newly issued coins and all blockchain activity is moved to the new chain.
Let’s take BNB as an example. After the mainnet launch of Binance Chain, users were encouraged to migrate from the Ethereum blockchain to the Binance Chain. Therefore, ERC-20 BNB token holders started to replace their tokens with the newly issued BEP2 BNB coin (the native coin of Binance Chain). The mainnet swap followed a 1:1 ratio so that 1 ERC-20 BNB had the same value as 1 BEP2 BNB. After the swap, all remaining ERC-20 BNB tokens were burned, so now only the BNB of the new chain can be used.
Therefore, a mainnet swap takes place when a blockchain project replaces previously issued tokens with their new cryptocurrency, which is typically running on their own blockchain network. This process may also be referred to as “token migration”. Usually, the mainnet swap begins right after the mainnet launch.
It should be noted that the migration of tokens is not always associated exclusively with the launch of a new blockchain. It may also take place in situations where projects simply move from one protocol to another. For example, Storj performed a mainnet swap, migrating their tokens from a Bitcoin-based protocol to the Ethereum network as a way to avoid scalability problems.
Each mainnet swap has its own particularities in terms of execution. Some projects assign migration periods, with a predefined deadline for users to exchange their old tokens for the new ones. If they fail to do so, they may end up losing access to their funds because the old tokens are usually destroyed or frozen.
#BFLOKI Team giving us hint for tier1 exchange listing on the way for #BFLOKI
Tweet link: https://twitter.com/BitFloki_io/status/1778307742647964085?t=a5LV1jgvgD_bzCaX6RxDWw&s=19
With less than 5M$ Mcap Get ready to witness the monster move from #BFLOKI fueled by anticipation of Tier1 listing and FLOKI hype
Buy it now and hold for moonshot🚀
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Bitcoin is now trading above $70,000. The market is giving mixed signals and sideways movement is expected until the halving next week. As a precaution, use tight stop loss in all open trading positions.
Читать полностью…Glassnode data shows an interesting trend: when profitable trades exceed the 95th percentile, two phases emerge:
1. "Pre-Euphoria" rally: Prices aim for previous highs.
2. "Euphoria" phase: Prices break those highs.
This suggests extended periods of high profitability indicate market strength, possibly leading to new highs. Keeping an eye on these metrics could offer valuable insights for navigating the market.
API3 bounced from the support trendline. Price rejected from the local resistance area and we may see again a test of the support line. Let's see which side the triangle breaks and that will decide the next move.
Читать полностью…Bitcoin's price has recently dropped below the $70,000 level after failing to hold above it. However, BTC is currently attempting to reclaim this level. It remains to be seen whether or not the price will be able to successfully rise above $70,000. The market is currently sending mixed signals, making it difficult to predict what will happen next.
Читать полностью…🚨 Beware of scam links! 🚨
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In the past three months, the amount of Bitcoin that hasn't been touched for a year dropped from 70% to 65.8%. This likely means some people are selling their Bitcoin to make a profit as the market goes up.
Читать полностью…SOL tested the trendline and bounced off, indicating a potential continuation of the downtrend towards the support area. It is advisable to avoid trading in this zone and wait for new entries.
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