Crypto VIP Signal

23 февраля 2024 07:31

There hasn't been any significant change in the market and it continues to move sideways. The support and resistance levels remain unchanged. Expect the same sideways movement in Bitcoin over the weekend.

Crypto VIP Signal

22 февраля 2024 15:27

Educational Post

Examples of Bitcoin Layer 2 Solutions

Several Layer 2 solutions have emerged within the Bitcoin ecosystem, each contributing to scalability and introducing new functionalities.

1. Lightning Network

Launched in 2018, the Lightning Network uses state channels to enable microtransactions on top of the Bitcoin Layer-1. It facilitates fast and low-cost transactions by conducting multiple transactions off-chain and settling the opening and closing balances on the main blockchain.

2. Rootstock (RSK)

Operating as a sidechain, Rootstock pioneered smart contracts on the Bitcoin blockchain. It allows users to send Bitcoin to the Rootstock network, where it becomes a locked-up smart Bitcoin (RBTC) in the user's RSK wallet, enabling faster and cheaper transactions.

3. Stacks Protocol

This Layer-2 blockchain (formerly Blockstack) enables smart contracts and decentralized applications on the Bitcoin blockchain. Stacks utilizes microblocks for speed and a Proof-of-Transfer (PoX) mechanism, tying transactions to the Bitcoin blockchain.

4. Liquid Network

Liquid Network is a Bitcoin Layer 2 sidechain that allows its users to move their bitcoins back and forth using a two-way peg mechanism. When BTC is transferred to the Liquid Network, it’s converted into Liquid BTC (L-BTC) at a 1:1 ratio. It also supports the issuance of tokens and other digital assets.

Crypto VIP Signal

22 февраля 2024 09:21

As expected, MATIC has rebounded from the support area. Our long position has achieved a peak profit of over 40% from the entry point. You may continue to hold onto the long positions with a trailing stop loss. In the coming days, we anticipate a test of the major resistance area. The support and resistance levels remain unchanged.

Crypto VIP Signal

21 февраля 2024 19:37

ONG analysis:

The price has rebounded from the support region and is currently testing the resistance area. We need to observe if the price can surpass the resistance area or not. We will only consider opening new long positions if the price can break and remain above the resistance area, or if it undergoes a test of the support area.

Support Area: $0.305-$0.312

Resistance Area: $0.345-$0.35

Crypto VIP Signal

21 февраля 2024 12:22

Educational Post

What Are Bitcoin Layer 2?

Bitcoin Layer 2 are protocols built on top of the Bitcoin blockchain. They are typically designed to address performance issues or other limitations of the main chain.

Layer 2 protocols process transactions off the main blockchain, providing advantages such as improved scalability, enhanced programmability, and expanded capabilities to support various decentralized applications.

Why Bitcoin Layer 2?

Bitcoin's initial design as a decentralized and secure payment system faced limitations when it came to scalability. The average block creation time of 10 minutes and a throughput of seven transactions per second (TPS) proved insufficient during periods of high transaction volume, leading to increased fees and delays. 

The Bitcoin blockchain's limited scripting language also restricted its ability to support complex smart contract and decentralized applications (DApps).

Crypto VIP Signal

21 февраля 2024 05:50

Bitcoin faced a considerable amount of selling pressure at the $52,000 level, which ultimately led to a sharp drop. However, the BTC value quickly bounced back from the downturn and is currently trying to break through the $52,000 level once again. Considering the high volatility of Bitcoin, it's advisable to adopt tight stop-loss measures for all open positions as a correction may occur before the next significant movement.

Crypto VIP Signal

20 февраля 2024 15:51

It's evident that Bitcoin is spearheading the current rally, with Ethereum following closely behind. However, other altcoins are lagging behind significantly, showing limited movement thus far. There's a possibility of a shift in capital from Bitcoin and Ethereum into altcoins in the coming weeks, potentially signaling the onset of an altseason.

Crypto VIP Signal

20 февраля 2024 08:17

Bitcoin is still trading around $52,000 and moving sideways. There haven't been any major changes in the market. We'll have to wait and see how it moves this week to determine the next move.

Crypto VIP Signal

19 февраля 2024 14:34

The total volume of Bitcoin's Long-Term Holder (LTH) Supply currently stands at a loss of 777.8k BTC, with this figure decreasing as prices surge. Only 6.5% of the overall LTH supply is currently in the red. Historically, similar scenarios have coincided with early stages of bullish market conditions, with 2019 being a potential exception.

Crypto VIP Signal

19 февраля 2024 07:56

Bitcoin has once again surpassed the $52,000 mark. The market appears to be moving sideways, indicating potential volatility upon the opening of the global market. It's advisable to maintain tight stop-loss measures in all open positions, as significant movement is anticipated in either direction.

Crypto VIP Signal

18 февраля 2024 17:00

/channel/CryptoVIPsignalTA?livestream

Crypto VIP Signal

18 февраля 2024 15:47

Bitcoin OTC desks are experiencing a depletion of their holdings as demand from various spot ETFs surges, effectively absorbing all current selling pressure.

This trend underscores the growing institutional interest in Bitcoin and its increasing adoption as a mainstream investment vehicle.

Crypto VIP Signal

18 февраля 2024 10:23

ETH is maintaining its upward momentum following the breakout above the resistance line. We anticipate further upward movement towards the psychologically $3000 resistance area. Consider placing buy orders near the support area.

Support Area: $2660-$2700

Crypto VIP Signal

17 февраля 2024 20:42

FARM analysis:

The current price is currently testing a resistance area and attempting to break above it. We'll have to wait and see if the price can break above the resistance area. If a daily candle closes above the resistance area, this will provide confirmation and we can start looking for new entries.

Support Area: $38.40-$39.70

Resistance Area: $44.50-$45.80

Next Resistance: $54.60-$55.50

Crypto VIP Signal

17 февраля 2024 08:51

AAVE has now reached the resistance area, and we will observe how the price reacts in this zone. If the price breaks above the resistance area, this would be a bullish sign and could potentially send the price towards the $115 resistance level. We plan to open a long position after a successful breakout and retest of the resistance area.

Crypto VIP Signal

22 февраля 2024 20:25

AMB Analysis:

The price of AMB is currently oscillating between the support and resistance zones, creating a neutral trading environment. It's advisable to avoid trading within this range and instead anticipate a potential retest of the resistance zone. For new entries, it's recommended to wait for a breakout above the resistance area.

Support Area: $0.00708-$0.0074

Resistance Area: $0.0094-$0.00985

Crypto VIP Signal

22 февраля 2024 12:59

Bitcoin and Ethereum are leading the pack in terms of performance, with gains of +17.6% and +18.2% year-to-date, respectively. Ethereum has recently started to outperform Bitcoin after the approval of the Bitcoin ETF, a change from its previous underperformance.

Meanwhile, the overall Altcoin market cap hasn't seen the same level of growth, with gains less than half of what Bitcoin and Ethereum have achieved so far this year.

Crypto VIP Signal

22 февраля 2024 07:12

The ongoing battle between bulls and bears continues, with selling pressure persisting while bulls defend the crucial $50,000 level. This tug-of-war indicates a healthy contest in the market. Bitcoin's bullish momentum remains intact as long as it maintains above the $50,000 threshold.

Crypto VIP Signal

21 февраля 2024 14:57

The liquidation of overleveraged long positions in Bitcoin signals a healthy market reset, restoring balance between buyers and sellers. Now, we await to see if the price will bounce back from this juncture or dip further towards the $50k levels.

Crypto VIP Signal

21 февраля 2024 09:55

DOT recently showed a false break above the resistance area, followed by a sharp decline. There will probably be a test of the nearby support before the next major move takes place. For a bullish outlook, the price needs to break and maintain levels above the resistance barrier.

Local Support Area: $7.25-$7.30

Major Resistance Area: $7.55-$7.90

Crypto VIP Signal

20 февраля 2024 19:17

SC analysis:

Price is currently in an uptrend, showing strong upward momentum. It recently broke through a resistance level and was successfully retested it. This suggests a potential continuation of the upward movement. Consider placing buy orders near the support area with tight stop-loss.

Support Area: $0.01286-$0.0136

Resistance Area: $0.0169-$0.0177

Crypto VIP Signal

20 февраля 2024 12:58

MASK has reached the resistance area, and we're observing its reaction closely. If it's rejected here, the price may retreat to the support area again. We're looking for a clear break and close above the resistance area for potential new entry opportunities.

Crypto VIP Signal

19 февраля 2024 19:55

FLUX analysis:

FLUX has broken the resistance area and is now pumping hard. We may see a test of the support area, which could provide a good zone for new entries. It's important to avoid FOMO and not open new entries now.

Support Area: $0.735-$0.747

Crypto VIP Signal

19 февраля 2024 11:51

The altcoin marketcap (TOAL2) is continuing its upward trajectory following the breakout. In the days ahead, we anticipate a test of the major resistance area. Altcoins are displaying strong upward momentum. It's prudent to employ tight stop-loss strategies for all open positions and consider profit-taking, as there may be a potential rejection from the resistance area.

Crypto VIP Signal

18 февраля 2024 19:54

FTM analysis:

Currently, the price is testing a resistance area. A bullish break above this resistance area could indicate a movement towards the next resistance zone. It is recommended to wait for a breakout and retest before opening new long positions.

Resistance Area: $0.406-$0.426

Next Resistance Area: $0.53-$0.546

Crypto VIP Signal

18 февраля 2024 16:30

Less than 30 minutes left for the Live Voice AMA with Pedro Vidal, Community Relations Officer for TokenFi and Floki! 🕐

Note - Stay with us during the AMA because 5 Random AMA listeners will get a chance to win reward of $500 in $FLOKI 🎁

@CryptoVIPSignalTA Live

Crypto VIP Signal

18 февраля 2024 12:59

DOGE has approached the resistance area and encountered selling pressure. We may witness another attempt to test the resistance area. We should wait and observe how the price behaves at that level. It's best to wait for a breakout and confirmation before opening new long positions. The support and resistance levels remain unchanged.

Crypto VIP Signal

18 февраля 2024 06:38

Bitcoin has broken the small triangle in a downward direction and is now heading for a retest. We will likely see a move towards the $50,000 level, and it remains to be seen how the price will react there. If the price breaks below the $50,000 level, we may see some selling in the market.

Crypto VIP Signal

17 февраля 2024 11:51

An overwhelming majority of coins (87%) were acquired below the $48k mark, with a notable concentration of Short-Term Holder supply clustered between $40k and $45k.

Interestingly, Long-Term Holders control the remaining 13% of the supply held in a loss, indicative of those who purchased at the peak of the 2021 bull market and all-time high prices.

Crypto VIP Signal

17 февраля 2024 06:14

Bitcoin is currently displaying a pattern similar to what was observed after the market pump. It remains to be seen which direction the small triangle will break, which will determine the next move. As of now, the support level is in the range of $48,000-$50,000. The market is still bullish, as long as BTC remains above this level.