SCR Analysis :
SCR recently got listed in binance and currently reacting from the support zone of $1.20 -$1.22 and also getting into the channel again. Price looking bit unclear and buy looks good after the $1.32 get H4 closure.
We can use the perpetual futures market to add another dimension to our investigation of the confidence of new capital in the uptrend. First, we employ the Futures Perpetual Funding Rate (7D-MA) to show the appetite of speculators for paying a higher interest rate to take on leverage for long positions.
Considering the funding rate value of 0.01% is an equilibrium value on many exchanges, we look for deviations above this level as a threshold of bullish sentiment. The recent price bounce has been paired with a relative warming up of long-biased leverage in perpetual markets. This has pushed the weekly average funding rate to 0.05%.
Whilst this is above the equilibrium level, it does not yet indicate a strong or excessive degree of long-biased demand in perpetual markets just yet.
ROSE Analysis :
ROSE broke the trendline and dropping back to the support/ flip level and anticipating a reaction from the zone. Looking into the Daily TF, market can move higher from that, can you can long at the point with tighter stops and low risk.
BTC moving good and gave a strong Daily closure with a retest. The Chances are higher to move to wards the $70,000 mark.
Local Support : $6,6,000 - $66,200.
Educational Post
What is Fungibility?
An asset is considered fungible when its units are interchangeable with one another, meaning they are indistinguishable. In other words, an asset class is fungible when each unit of the asset has the same validity and market value. For example, a pound of pure gold is equal to any other pound of pure gold, regardless of the shape. Other examples of fungible asset classes may include commodities, fiat currencies, bonds, precious metals, and cryptocurrencies.
However, an equal exchange of a fungible asset does not necessarily mean exchanging of two identical units. As long as the transaction happens between instruments of the same kind and that share the same functionality, it can be considered as an equal exchange. For instance, a five-dollar bill can be exchanged with five one-dollar bills, but they have the same validity. In this example, the US dollar is the fungible asset, while the bills merely represent their underlying value.
In general, most cryptocurrencies are considered fungible assets. For example, we may consider Bitcoin fungible because each unit of BTC is equivalent to any other unit, meaning they have the same quality and functionality. So it doesn’t really matter in which block the coins were issued (mined), all Bitcoin units are part of the same blockchain and have the same functionality. Note that if someone forks the blockchain and create a new Bitcoin, those coins won’t be considered original as they would be part of another network.
It has been pointed out that due to the inherent traceability of BTC and similar cryptocurrencies, some coins might be less desirable than others - especially if they have been previously used in dubious or illicit activities. This means that some merchants or service provides may deny receiving Bitcoins as payments if they believe those particular coins were used by criminals in the past.
Unlike some tend to believe, however, this fact doesn’t remove Bitcoin’s property of fungibility. Traceability and fungibility are two different things and, despite their transactional history, each Bitcoin is still the same in terms of quality, technology, and functionality. Similarly, the US dollar is still a fungible asset, although criminals have been using it for illicit activities for many decades.
IOTA is now on retracement move and but gave a decent 17.5% in profits. Currently, price is dumping due to market correction happened, we can expect it to move higher back to old highs and eventually resistance at $0.15
Читать полностью…BTC gave a quick move up and had a very quick retest. Price still trying to move higher towards the new highs and expected to retest of $70,000 mark.
Читать полностью…CKB still holding the support level and moved in a big consolidation range. A breakout will lead the directional move in the market and both side have a good 20% - 30% trading range.
Читать полностью…AST Analysis :
AST rejected hard from the resistance area and goes into the consolidation again between the major support zone and resistance. Long looks good at the support zone with TP at resistance.
Major Support : $0.073 - $0.080
Resistance : $0.097 - $0.010
ADA still holding the trendline and kinda looking bullish too. Price now need to see a close above the resistance mark, then we have clean range to the left for a short-term move towards the resistance area.
Resistance Area: $0.40-$0.417
SXP Analysis :
SXP had a very sharp rally of the strong resistance area and now holding over the zone as support. Price is expected to move higher if bitcoin remains the same as here o move higher.
Strong Resistance : $0.26 - $0.27
IOTA moved 11.6% in profits and gave a shallow break of the resistance but still a rejection too. Price is bullish so we can expect the price to make the new Highs and from higher.
Читать полностью…#GFT Strong bullish divergence spotted on the daily timeframe—momentum is building for an epic pump 🚀
Читать полностью…Gifto is a Web3 blockchain solution launched in 2017 offering a crypto wallet with growing features such as to create, store, and gift blockchain presents to friends and loved ones e-cards, PFPs, generative art or red envelopes.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here.
Targets: $0.0195 - 0.024 - 0.030 - 0.040
Educational Post
What are Market Makers and Market Takers?
Market Makers
Exchanges often calculate the market value of an asset with an order book. This is where it collects all the offers to buy and to sell from its users. You might submit an instruction that looks like the following: Buy 800 BTC at $4,000, for example. This is added to the order book, and it will be filled when the price reaches $4,000.
Maker (Post Only) Order like the one described requires that you announce your intentions ahead of time by adding them to the order book. You’re a maker because you’ve “made” the market, in a sense. The exchange is like a grocery store that charges a fee to individuals to put goods on the shelves, and you’re the person adding your own inventory.
It’s common for big traders and institutions (like those specializing in high-frequency trading) to take on the role of market makers. Alternatively, small traders can become makers, simply by placing certain order types that aren’t executed immediately.
Please note that using a limit order does not guarantee that your order will be a maker order. If you want to make sure the order goes into the order book before it is filled, please select “Post only” when placing your order (currently only available on the web version and desk version).
Market Takers
If we keep the store analogy going, then surely you’re putting your inventory on the shelves for someone to come and purchase it. That someone is the taker. Instead of taking tins of beans from the store, though, they’re eating into the liquidity you provide.
Think about it: by placing an offer on the order book, you increase the liquidity of the exchange because you make it easier for users to buy or sell. On the other hand, a taker removes part of that liquidity. with a market order – an instruction to buy or sell at the current market price. When they do this, existing orders on the order book are filled immediately.
If you’ve ever placed a market order on Binance or another cryptocurrency exchange to trade, say then you’ve acted as a taker. But note that you can also be a taker using limit orders. The thing is: you are a taker whenever you fill someone else's order.
BTC in H4 TF again trying tot push high towards the mark its almost a weekend now and by NY open we can expect some strong moves. All eyes on weekly candle close then we can decide the next week directional bias.
Читать полностью…AERGO didn't gave a break of the consolidation but forming a steep triangle pattern., which could give a early indication for buys or sells. Eyes on H4 candle close of the pattern.
Читать полностью…BOME Analysis :
BOME made a successful flip of the key level and now retesting the zone as support. Also, price broke through the Falling wedge pattern which indicating the sign of bullishness. If Daily candle hold the zone then we can anticipate the market to push higher towards the $0.014.
Market corrections often drive new investors to sell at a loss, with short-term holders being especially sensitive to volatility. The alignment of MVRV and SOPR by Age indicators shows new investors are both underwater and stressed enough to realize losses. This parallel behavior suggests we're at a critical point for short-term Bitcoin holders, potentially signaling a significant market sentiment shift.
Читать полностью…Binance Will Support the Kaia (KLAY) Rebranding to Kaia (KAIA)
https://www.binance.com/en/support/announcement/f75f933759ee49d0af1dfbce7e32144c
MANTA Analysis :
MANTA is been facing resistance from the structural area and nearly to its resistance too. Market look bullish and healthy at the point and can move higher into the resistance. Taking long are look good anticipating the break of zone.
Resistance : $0.85 - $0.89
The current consolidation phase has pushed the spot price below the cost-basis of several short-term holder sub-cohorts since late Jun 2024 (MVRV Ratio <1). This highlights how recent investors have been under financial pressure, nursing increasingly larger unrealized losses.
However, despite many new investors being underwater on their holdings, the magnitude of their unrealized losses are notably less severe than the mid-2021 sell-off, and the March 2020 COVID crash.
BTC given a strong break tot he resistance area which is healthy for the market. Price now reacting from the minor resistance, and retraced a bit into the zone as support. NY open might come in play with the market moving higher.
Читать полностью…Bitcoin's recent journey: After March highs, price momentum ⬛️ cooled faster than capital flows 🟧 slowed. While money kept trickling in (just slower), prices took a steeper dive. In crypto-speak: the HODL spirit's still alive, but the market's feeling a bit queasy.
Читать полностью…BTC tapped into the resistance area and kinda rejecting and now. Its a Daily TF, to need to wait for the closure. Market Turning slowly bullish, so we can expect a break by this week.
Читать полностью…With price action confined to a well-defined range over the past six months, volatility is tightening, resembling a coiling spring. After an extended period without significant macro movements, expectations for increased volatility are rising.
We can assess market volatility compression by measuring the percent range between the highest and lowest price ticks over the last 180 days. Currently, only August 2023 and May 2016 show a tighter 180-day price range, underscoring the relative tightness of the current market structure.
Bitcoin gave a liquidity hunt previous week and had a break a of structure and now a pullback is expected before moving any up.
Strong Resistance : $64,400 - $65,200
Buying #GFT here🚀
Chart indicating a strong bounce from weekly support
We can set target for atleast 20-40% from here in short term✍🏻
#GFT/USDT gaining momentum from the demand zone and looks ready for the bullish ride 🚀
Buy on MEXC: https://www.mexc.com/exchange/GFT_USDT
Buy on Binance: https://www.binance.com/en/trade/GFT_USDT
Short term targets: 10%-30%-50%