Bitcoin is maintaining its position above the $60,000 level and appears to be forming a symmetric triangle on lower time frames. It's likely that BTC will continue trading within this pattern throughout the weekend, with the breakout determining its next direction.
- Support Area: $59,000-$60,000
- Next Support Area: $54,000-$55,000
- Resistance Area: $64,000-$65,000
FIDA continues the upward movement and made a high of $0.404 today. So far more than 24% profit from our entry. Hold the position with trailing stop loss for maximum profit.
Читать полностью…UNI analysis:
UNI's price is surging due to the release of two new features: wallet extension and Limit Orders. On lower time frames, the price honouring the support area and creates a small trading range. If you currently hold long positions, it is advisable to increase your stop loss and hold. It's not recommended to open new long positions in a state of FOMO. It's better to wait for the price to stabilize.
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After a week of remarkable price movements and substantial capital inflows, the Bitcoin Realized Cap has nearly fully recovered, reaching $467.2 billion. Our current value is only -0.22% shy of the all-time high of $468.3 billion.
Читать полностью…Bitcoin has recently experienced a surge in price, pushing it towards the $60,000 level. Currently, the price is trading above $60,000, which is a very positive sign. The Fear of Missing Out (FOMO) is also high, which has driven the price up to $64,000. If the price can maintain its position above $60,000, we can expect to see further upward movement towards the $64,000-$65,000 level.
Support Area: $59,000-$60,000
Next Support Area: $54,000-$55,000
Resistance Area: $64,000-$65,000
BONK is joining the meme season and the long position gave a peak profit of more than 60% from our entry. A test of the resistance area is expected and you can book profits there.
Local Support Area: $0.0000133-$0.0000136
Resistance Area: $0.0000165-$0.0000177
Bitcoin is currently trading above $55,000. This is a positive sign for the market and may lead to a move towards the $60,000 level. The support level is now at $55,000, while the resistance level is at $57,000.
Читать полностью…DUSK analysis:
The price broke the resistance area and is now trading above it. You can open long positions near the support area with tight stop loss. We may experience a continuation of the upward movement in the coming days.
Support Area: $0.291-$0.300
Resistance Area: $0.332-$0.339
The price of BNB is currently on an upward trend and has broken through a resistance area. It's now trading near the $400 resistance level. A bullish signal would be a candle closing above this level. However, it's important to note that the $400 level is a psychological resistance area. Therefore, it's advisable to wait for a candle to close above $400 for confirmation.
Читать полностью…WAN analysis:
Price broke above the resistance area and is now approaching the major resistance line. Let's observe how price behaves at this level. Better to wait for some time for new entries.
Support Area: $0.208-$0.218
Resistance Area: $0.272-$0.278
The altcoin market cap (TOTAL2) is currently testing the resistance zone. It's recommended to employ tight stop losses in all open altcoin positions and consider profit-taking. There's a possibility of a rejection from the resistance area, leading to a potential decline towards the support zone.
Support Area: $785-$810 Billion
Resistance Area: $925-$975 Billion
Bitcoin is unable to break the small downtrend resistance line. The price may test the local support area of $50,500. However, as long as Bitcoin maintains a level above $50,000, the overall trend is bullish. It is important to note that if the price falls below $50,000, it might trigger a series of stop-losses, further dropping its price. Therefore, keeping tight stop-losses in all open positions and consistently booking profits is recommended.
Читать полностью…Wallet Maintenance for Ethereum Network (ETH) - 2024-03-06
https://www.binance.com/en/support/announcement/6b2a85214252429db1d83400029587b6
DEGO made a high of $2.83, the first target achieved. So far more than 18% profit from our entry. You can increase your stop loss and hold the long position.
Читать полностью…FLOKI (FLOKI) AMA Summary:
https://youtu.be/xERzjfSUX08
Mr. Pedro Vidal, Community Relations Officer of FLOKI/TokenFi has done an AMA session with Crypto VIP Signal on the 18th of February 2024. Our engaging discussion covered topics such as Token Sustainability, Governance Model, Staking, Earning Model, and strategy, including insights into China's Gaming Market. We delved into the team's motivation behind building TokenFi and their focus on RWA, along with the ecosystem's use cases and long-term plans for mass adoption.
Here are some of the Key Highlights of the AMA:
00:00:14 - Introduces Mr. Pedro Vidal
00:00:38 - Floki’s sustainability and governance model.
00:03:38 - Staking program & Valhalla NFT game
00:05:10 - Earning tokens via Staking and Valhalla
00:08:58 - Strategy regarding China's gaming market.
00:11:13 - Purpose of Floki Locker project.
00:15:38 - Building Token File and its focus on RWA.
00:20:15 - Use Case of Token in Token File.
00:23:44 - Floki’s potential for mass adoption.
00:28:15 - Floki’s long-term plans.
00:32:19 - Motivation behind the Product
00:36:28 - Thanks Mr. Pedro Vidal for the insightful conversation.
00:37:47 - Wishes luck to the Floki team and signs off.
Resistance consists of a level in which the price of an asset fails to break through due to strong selling pressure. In some cases, the occurrence of resistance levels may also be related to big sell walls, that prevent the price from rising further.
So a resistance level is expected to act as a “ceiling,” caused by a large supply of sellers in that price area. As such, traders can interpret resistance as a level that can only be surpassed with significant buying pressure.
Typically, technical analysists draw resistance lines based on previous highs. Such a technique may be useful when trying to predict potential points of price reversal. In general, resistance levels are depicted as straight horizontal lines, but they may also be drawn as diagonals.
DOT rebounded from the local support area and broke through the major resistance level. The price is surging after a retest. If you have opened long positions, consider increasing your stop loss and holding the positions. If the price can break the next resistance area, we see a continuation of the upward rally towards the $10 level.
Resistance Area: $8.70-$8.85
BAL Analysis:
The price of BAL is currently attempting to surpass the resistance area. Confirmation of a breakout will be signalled by a candle closing above this resistance level. Conversely, a rejection from this area may lead to a downward movement towards the support zone.
Support Area: $3.50-$3.70
Resistance Area: $4.55-$5.00
Bitcoin Dominance has experienced a significant increase due to a sudden surge in the price of BTC. However, we might witness a decline in dominance as soon as the price of BTC becomes stable. Some altcoins are displaying a promising upward trend, and we may enter an altseason shortly. It's always wise to be well-prepared and utilize proper risk management techniques.
Читать полностью…#FLOKI AMA winners 🏆
https://twitter.com/CryptoVIPsignal/status/1762512553140441232?t=xEMz7kzQZCoXr2-4-FedEw&s=19
Educational Post
What is Market Momentum?
The term market momentum refers to the ability of a particular market to maintain a continuous increase or decrease in price within a certain timeframe. Essentially, market momentum is what creates a market trend. Since the market momentum is a result of the variations in the market price of an asset, it also reflects the current market sentiment.
As such, market momentum can be used in technical analysis (TA), helping traders identify trading opportunities. These opportunities may arise during bullish or bearish trends (when market momentum is getting stronger) or during reversal points (when market momentum is getting weaker).
However, market momentum is not only related to the price changes but also to the trading volume. This means that high volumes of trading activity indicates a stronger market trend and, thus, a stronger and more reliable market momentum.
Many traders and chart analysts make use of TA indicators to measure market momentum and try to spot possible market trends. Some examples of these tools include the Relative Strength Index (RSI), the Stochastic RSI, the Volume Weighted Average Price (VWAP), and the Moving Average Convergence Divergence (MACD).
Bitcoin has seen a significant rise in value and has broken through its resistance level with high trading volume. As a result, many people are experiencing FOMO (fear of missing out) and there is a lot of hype in the market. If the price of Bitcoin can remain above the $55,000 level, we may see it move towards the key level of $60,000. It is recommended that open positions have a stop loss in place.
Читать полностью…Educational Post
What is a Fakeout?
A fakeout is a term used in technical analysis (TA) that refers to a situation where a trader enters a position expecting a price movement that ultimately doesn’t happen. In fact, in most cases, a fakeout is used to refer to a situation where the price goes in the opposite direction of the trade idea or signal.
A fakeout may also refer to a “fake breakout,” or false breakout, where price breaks out of a technical price structure, only to reverse shortly.
A fakeout can amount to a considerable loss. Technical analysts may identify a pattern that fits perfectly with their strategy, and looks to be playing out as expected. However, the price may reverse very quickly due to outside factors, and the trade can quickly turn into a hefty loss. As such, in anticipation of a fakeout, many traders will plan their exit strategy and put on stop-loss orders in advance of entering trades. In fact, this is quite a common strategy for basic risk management.
The demand for Bitcoin vastly exceeds the daily supply from miners. With miners generating approximately $46 million worth daily, contrasted with an average daily demand of $607 million. The demand is coming from the spot ETF Market.
Читать полностью…JOE analysis:
After bouncing off the support area, the price is now moving towards the major resistance area. It's advisable to wait for new entries as it's currently a no-trade zone.
Support Area: $0.426-$0.466
Major Resistance Area: $0.686-$0.727
Get in on #DEGO now before it takes off🚀
Defi alts gearing up for a big rally. Jump in now before the breakout😊