Bitcoin is pumping because Grayscale win the spot ETF case against SEC. This doesn't mean the spot Bitcoin ETF will list for retail investors. This maybe a fake pump so better to play safe.
Читать полностью…The price needs to go above the $220 level to gain some positive momentum. There is accumulation going on lower time frames. We may see a big move on either side in the coming weeks.
Читать полностью…ICP analysis:
Price is now testing the major support of the $3.30-$3.65 area. We may see a bounce from here toward the $4.50 resistance area. You can build a long position with a tight stop loss below the $3.10 level.
Binance Removes Cardano, MATIC, Pepe Coin, BTC & 35 Other Liquidity Pools, What It Means?
https://coingape.com/binance-removes-cardano-matic-pepe-coin-btc-35-other-liquidity-pools-what-it-means/?utm_source=Crypto+VIP&utm_medium=telegram
Bitcoin Weekly analysis:
Price testing the support on the weekly chart. This is the key level on the weekly chart and if broken then we see a dump toward the next support of $17,620-$19,000 area. $25,000 is the crucial support on the daily and weekly chart and bulls need to hold it at all cost. Keep tight stop loss in all trades.
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TOMO drops to the support level as mentioned. If your buy orders get filled then use a tight stop loss below $0.94 level. A bounce is expected from the support level.
Читать полностью…ARKM analysis:
Price is in a continuous downtrend on the daily timeframe. ARKM also broke the small uptrend line and we may see a move toward the $0.35 support level in the coming days. The major resistance is the $0.446-$0.452 area. Better to wait for some time for new entries.
The percent of Bitcoin supply in profit has just fallen from 71% to 61%. This indicates that the average buying of 10% supply is around $28,000-$30,000 area. This is the key level for bulls as many will try to breakeven at this point.
Читать полностью…The sideways movement continues in Bitcoin. The market is again going in a range after the dump. There is not much to worry about as long a BTC holds the major support area.
Читать полностью…Educational Post:
Funding Rates
The funding rate is the cost of holding an open position in a perpetual swap contract (perp). It is usually calculated by the difference between the [price of the perpetual swap contract] and [price of a spot-based index].
If funding is positive, the perp price is trading at a premium (above) the index price. Open long positions pay funding, open short positions receive funding. If funding is negative, the perp price is trading at a discount (below) the index price. Open short positions pay funding, open long positions receive funding.
SHIB analysis:
Price bounced from the support of 757-784 (not mentioning the zeros). The resistance is 855-878 and the price is unable to break above this resistance area. We may see another test of the 757-784 support area and if this support is broken then we see a move toward the 691-703 area.
TOMO analysis:
Price rejected from the resistance of $1.60-$1.70 area. TOMO also broke the uptrend line and now trading below it. The next major support is the $0.97-$1.07 area and zone for opening new entries. Keep your buy orders in the range.
The support for MATIC was tested again, but it bounced back. If you've taken long positions, it's advisable to increase the stop loss and maintain the position. There's a resistance area of $0.585-$0.595, and it's possible to see a move towards that resistance area.
Читать полностью…LIT analysis:
Price is now trading at the major support area. This is the major support on the daily and weekly chart. Price needs to hold this support level otherwise we see a heavy dump in LIT. If you open long positions then use tight stop loss in all trades.
LTH supply at ATH, we can also see that STH supply remains at multi-year lows. However, the chart below overlays the proportion of STH supply which is held at an unrealized loss.
Note how sharp upticks in STH Supply in Loss tend to follow 'top heavy markets' such as May 2021, Dec 2021, and again this week. Out of the 2.56M BTC held by STHs, only 300k BTC (11.7%) is still in profit.
Bitcoin continues the sideways movement and there is very low volume. The support level remains the same and there is nothing much to do. Let's see how the market reacts this week.
Читать полностью…Educational Post
What is Token Lockup?
The term token lockup refers to a specific period of time in which cryptocurrency tokens cannot be transacted or traded. Typically, these lockups are used as a preventive strategy to maintain a stable long-term value of a particular asset.
This may help to prevent the holders of big bags to sell their tokens all at once in the market, which would likely cause prices to tank very quickly.
It is common to see massive sell-offs after Initial Coin Offerings (ICO) where early investors (or even the project’s team) end up selling their holdings right after the cryptocurrency hits the market, causing massive drops in price.
So token lockups are used to avoid this from happening and they bring an extra level of confidence to the potential participants of a token sale.
Token lockups may also be called vesting periods. These are often set as one or two years after the launch of a cryptocurrency.
For example, if a startup creates a cryptocurrency and launches it through an ICO, they may define a lockup period for the team of two years, meaning that no team member will be able to access their tokens before the lockup period ends.
This brings a positive sentiment about the project and the team as it will likely keep them motivated to focus on long-term work, without worrying about the market value of their token.
Price is now testing the major support area again. This is the reason we told you to wait for some time. You can open a long position here with a tight stop loss below the $0.09 level. The resistance levels are mentioned on the chart.
Читать полностью…DAR analysis:
There is a small triangle pattern and we may see a breakout very soon. The resistance on the upside is $0.088 and the 0.095-$0.097 area. New entries are risky as the market can go either side. Better to wait for some good setup.
ETH balance on exchanges hit 5-year low. This is because of the ETH 2.0 staking program. This suggest less selling pressure for next bull run.
Читать полностью…Nothing has changed in Bitcoin and the slow moment continues. More sideways movement is expected in the coming days before a breakout. Keep an eye on the support level and build your position near it with tight stop loss. A break below $25,000 will bring negative sentiments in the market and heavy selling.
Читать полностью…Whales Moving ETH Holdings To Exchanges, Is Crash Below $1500 Imminent?
https://coingape.com/whales-moving-eth-holdings-to-exchanges-is-crash-below-1500-imminent/?utm_source=Crypto+VIP&utm_medium=telegram
DOT analysis:
Price is now testing the major support of the $4.20-$4.40 area. You can accumulate some DOT here for the mid-term. The resistance levels are mentioned on the chart.
WAVES analysis:
Price kissed the support level and bounced from there. The resistance is $1.78-$1.87 area. This is no trade zone and better to wait for a clear break above the resistance area or test the support area.
Price got rejected from the resistance area and is now heading toward the support area again. Still, there is no good buying opportunity in AGIX, and it is better to wait for some time.
Читать полностью…Bitcoin dropped below the local level and now trading near the $26,000 level. The support remains the same and if you missed last time then you can place your buy orders in the support area and wait. We may see more sideways movement in the coming days.
Читать полностью…Ripple Vs SEC: Key Executives Signal Trial Readiness for Q2 2024
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After the test of the support area price gained some positive momentum and broke the local resistance area. BTC is now trading above $26,200-$26,400 area which is a good sign. The symmetric triangle breaks in an upward direction and we may see a move toward the $28,000 resistance level in the coming days.
Читать полностью…SOL analysis:
Price gets strong rejection from the major resistance of $26-$28 area. The major support is $14.50-$16 area and this is zone for mid term buying. The local support is 19.20-$19.60 area and we may see some sideways movement around the support.