The Altcoin Market Cap (TOTAL2) has bounced back from the support area as expected. We recommended you accumulate your favourite altcoins and now they are in profit. You should increase your stop loss and hold the positions as we may see a move towards the resistance area in TOTAL2.
Resistance Area: $1.20-$1.25 Trillion
BOND made a high of $3.28 today and that is more than 13% profit from our entry on spot and more than 130% profit with 10x leverage. Our technical analysis team always tries to find the best setups with good fundamentals. Pin our channel on top to never miss a signal and share it with your loved ones. Let's earn together 😊
Читать полностью…KEY made a high of $0.07549 today, the first Target achieved. That is more than 12% profit in spot pair and 128% profit with 10x leverage on futures. You can book some profit on future position or hold with trailing Stop loss.
Читать полностью…Educational Post
What Are Crypto Pre-Markets?
Since the crypto markets operate 24/7, the term pre-market has a different meaning. Crypto pre-markets refer to trading platforms where investors can trade tokens before they are officially launched or distributed to the general public.
Typically, traders use crypto pre-markets to speculate on the value of tokens, buying and selling based on their projected worth post-launch. However, crypto pre-markets are not limited to tokens. In some cases, they allow the trading of "protocol points" that might serve as criteria for future airdrops.
How Do Crypto Pre-Markets Work?
Crypto pre-markets work similarly to peer-to-peer (P2P) trading platforms but are distinguished by their focus on tokens that are yet to be launched. Crypto pre-markets can offer investors an opportunity to trade tokens during the interval between the allocation announcement, token distribution, and official listing on a trading platform.
For instance, consider a new cryptocurrency project that announces the release of its token through an initial exchange offering (IEO). Before the tokens are officially distributed and listed on exchanges, the project opens a pre-market phase on a decentralized platform where early investors can trade the unreleased tokens. This trading activity provides early price discovery and liquidity, allowing traders to gauge market sentiment and set preliminary valuations for the project’s token. Centralized exchanges (CEXes) can also offer crypto pre-market trading, acting as custodians for the transactions.
Bitcoin has been rejected from the trendline and is now moving sideways. We will likely see a continuation of the sideways movement for the next couple of days before the next move. The support level is currently at $59,000-$60,000, and the market is bullish as long as BTC is trading above it.
Читать полностью…In the past 24 hours, over $124 million worth of positions have been liquidated, with more than $94 million in short positions alone. This indicates a significant number of over-leveraged positions in the market. We may expect some sideways movement in the market for the next couple of days.
Читать полностью…Bitcoin has recently climbed back up to the $60,000 level and is currently trading above it. This is a positive for the crypto market, as it suggests that the upward trend is continuing. It remains to be seen how the price will react when it reaches the $65,000 level, but many traders are feeling optimistic about the future. Overall, market sentiment is trending bullish once again.
Читать полностью…Daily RSI data for Bitcoin looks good! When RSI hits around 30, it's historically a smart time to buy.
Читать полностью…DOT analysis:
The price has reached the support area, and it has bounced back from there. Currently, it is moving towards the resistance area of the trading range. If the price manages to break above the resistance area, it will be a bullish signal, and the upward movement will continue. However, if the price gets rejected from the resistance area, it will move back towards the support area.
Support Area: $5.97-$6.10
Resistance Area: $7.57-$7.90
LIT analysis:
The price bounced back from the support area, indicating heavy buy pressure. It is slowly approaching the resistance area. As this is a no-trade zone, it is better to wait for some time.
Resistance Area: $1.23-$1.325
KEY is a blockchain-based identity platform. The technology provides individuals, companies, exchanges, fintech startups, and banks - with a platform to manage identity data (oftentimes KYC).
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: $0.007549 - 0.0092 - 0.011 - 0.0140
Altcoins are demonstrating strength as they bounce from support levels, while Bitcoin Dominance breaks the uptrend line. This signals a positive outlook for altcoins, and we may see a continuation of the downward movement in BTC Dominance toward the 51.90%-52.15% support area.
Читать полностью…Bitcoin is unable to hold the $59,000 level and breaks below it. As warned price was dumped hard after the breakdown. We may see some sideways movement here and a test of the $59,000-$60,000 area before the next move.
Читать полностью…Sharks and whales are engaged in a fierce battle to unload their Bitcoin holdings. According to Glassnode data, wallets ranging from under 1 BTC to over 10k BTC are collectively offloading BTC, marked by red sell-offs, while green indicates accumulation.
The current phase reflects that of August to October 2023 when BTC price consolidated around $26-27k before soaring to $73k.
This correction is pivotal to alleviate the FOMO built over months, fostering a healthier market for sustained growth.
Bitcoin has broken the downtrend channel and is moving upward on lower time frames. Currently, the price is attempting to surpass the resistance area. If BTC can successfully break and maintain its position above the resistance area, we can expect a continuation of the upward trend.
Resistance Area: $64,500-$65,500
ALT analysis:
Price is currently trading in a downtrend channel while respecting support and resistance lines. The price must break and close above the $0.40 level to gain some bullish momentum. It is better to wait for new entries for now.
BOND achieved the first Target in BTC pair and printed more than 12% profit from our entry. Increase stop loss and hold the trade for maximum profit.
Читать полностью…NUPL helps identify the Euphoria phase in a bull market when unrealized profits exceed half the market capitalization (NUPL > 0.5).
In the previous cycle (2020-21), this phase occurred 8.5 months after the #Bitcoin halving and lasted for about 10.5 months.
But in this cycle, NUPL crossed 0.5 around 6.5 months before the halving, indicating a notable change. The introduction of US ETFs played a significant role, accelerating price action and shaping market dynamics.
It appears that GAL has rebounded from the support area as anticipated. If you have already taken a long position, it is recommended to keep holding on to it with a tight stop loss. There is a possibility that we may witness a further upward movement towards the local resistance area. Please note that the support and major resistance areas remain unchanged.
Local Resistance area: $4.10-$4.20
Educational Post
Bollinger Bands (BB)
Bollinger Bands measure the volatility of the market, as well as overbought and oversold conditions. They are made up of three lines - an SMA (the middle band), and an upper and lower band. The settings may vary, but typically the upper and lower bands are two standard deviations away from the middle band. As volatility increases and decreases, the distance between the bands increases and decreases as well.
Generally, the closer the price is to the upper band, the closer to overbought conditions the charted asset may be. Conversely, the closer the price is to the lower band, the closer to oversold conditions it may be. For the most part, the price will stay within the bands, but on rare occasions, it may break above or below them. While this event may not be a trading signal in itself, it can act as an indication of extreme market conditions.
ETH has rebounded from the support area several times. Currently, the price is moving towards the resistance line of the falling wedge pattern. This pattern may likely break upwards. If you have opened long positions, it is advised to increase your stop loss and hold the long position.
Читать полностью…ONT analysis:
The price has broken below the support level and is now testing it. However, the price is still in a minor downtrend. Therefore, it is advised to wait for new entries.
Support Area: $0.315-$0.327
Resistance Area: $0.375-$0.39
Finally, W broke the resistance area and the price is now holding above it. You can start accumulating here for mid-term. We may see a continuation of the uptrend.
Accumulation Zone: $0.69-$0.71
The current Bitcoin price is testing the $59,000-$60,000 level, as expected. If BTC manages to reclaim the $60,000 level, we can expect the upward movement to continue. However, if the price is rejected at this level, we may witness some sideways movement and a slow downward trend.
Читать полностью…Buying #KEY on Binance
Retesting S/R support with cluster of trendline and horizontal support🚀✌️
Link : https://www.binance.com/en/futures/KEYUSDT
Must buy KEY here, expecting quick 10%-30% gains in short term😊
The price of W has attempted to surpass the resistance area, but it was rejected. However, the price is still near the resistance area and appears to be holding strong. There is a possibility that we may see a break of this resistance area. If the price breaks and closes above the $0.69 level, you may consider opening a long position.
Читать полностью…APE analysis:
Price is currently approaching a support area and it's recommended to wait for new entries. We plan to open new long positions near the support area.
Support Area: $0.99-$1.04
Resistance Area: $1.25-$1.31
ETH Analysis:
ETH is currently trading within a falling wedge pattern, with the price testing a significant support area. Expect potential sideways movement near the support area. Falling wedge patterns typically signal bullish trends and often break out in an upward direction. Keep an eye on ETH for a potential bullish breakout.