Bitcoin bounced from the support area but was unable to keep the upward momentum. Price is now slowly going towards the support area and we may see a bounce from there. Today is FOMC meeting and we are expecting high volatility in the market.
Читать полностью…Bitcoin ETF products experienced inflows for the first time in five weeks, amounting to $130 million. The majority of these inflows, totaling $135 million, were observed in the US region. Additionally, Grayscale, a key player in the market, witnessed its lowest weekly outflows since January.
Читать полностью…Bitcoin is going sideways as said. We may see some volume pump today when US markets open. Nothing has changed in the market as long as the price is holding the $60,000 support level.
Читать полностью…AI Analysis :
AI take a bounce from the build-up support area of $0.81 - $0.86 and moving within a triangle formation. Price currently, taking support from the trendline and need to watch a breakout now. Anticipating the clean with, whichever side this gonna break and trading ranges are good enough to take them.
ETH is once again testing the support area, demonstrating resilience as it holds firm. Accumulation appears to be underway, hinting at potential upward momentum. A bounce from the support area towards the resistance line could be on the horizon.
Читать полностью…ETC analysis:
Price is currently stuck in a narrow range and located at its centre. It is advisable to avoid trading at this point and wait for a retest of the support area before entering the market again.
Support Area: $24.40-$25.40
Resistance Area: $28.60-$29.60
The TOTAL crypto marketcap is currently in a downtrend channel on lower timeframes and may test the major support area before the next leg up. There is plenty of liquidity around this support area.
Major Support Area: $2 Trillion
DODO analysis:
The price is currently testing the resistance area. A small uptrend line is acting as support. It is recommended to wait for a clear breakout above the resistance area before opening new long positions. Conversely, if the price breaks below the uptrend line then there may be an opportunity for short entries.
Support Area: $0.127-$0.14
Resistance Area: $0.193-$0.205
JUP is slowly approaching the resistance area. Let's observe how the price reacts when it reaches the resistance area. Only consider opening long positions if the price breaks and closes above the resistance area.
Support Area: $0.835-$0.895
Resistance Area: $1.14-$1.22
FTT analysis:
The price was unable to break through the resistance area and encountered a lot of selling pressure. We will likely see a test of the support area in the next few days, which could be an opportunity for new entries. You can place your buy orders within the support area.
Support Area: $1.65-$1.75
Resistance Area: $2.18-$2.22
The price of FET has bounced back from the expected support area. If you opened a long position as signalled, you would have made a profit of more than 34% from our entry. However, the price has once again been rejected from the resistance area, which may result in another test in the coming days. If you are still holding your long positions, it is advisable to increase your stop loss to the breakeven point and hold.
Читать полностью…Bitcoin is currently attempting to hold the trendline and it remains to be seen how the price will react. The major support area is currently between $59,000-$60,000, while the resistance levels have remained unchanged. We may witness a significant market movement next week.
Читать полностью…Persistence often pays off in the long run. Typically, there's a period of 5-6 months of accumulation before a significant market movement occurs.
Читать полностью…Bitcoin is now going for a retest of the trendline. We may see a bounce from there. The resistance level remains the same and we see a big move if the price can close above the $65,500 level.
Читать полностью…CRV Analysis :
CRV is currently lying the major support zone of $0.39 - $0.41 with that it’s forming a Symmetrical Triangle pattern over still. The price is strongly bearish so it might break to the downside and continue to fall. A break to the upside will give the sign of bullishness and can take potential buys on the retest.
COMP analysis:
Price is currently trading within a triangle pattern, and a breakout may occur soon. It is advisable to wait for the triangle pattern to break before making new entries.
Support Area: $53.00-$53.50
Resistance Area: $58.00-$60.00
FTT tests the support area and the price bounced from there. If you have opened any long positions then increase your stop loss and hold the position. We may see a move towards the resistance area now.
Читать полностью…Hello everyone! Exciting news awaits! 🥳
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According to Glassnode, Ethereum staking saw a notable 9% increase in Q1, attributed to the DenCun upgrade and a surge in ETH prices. The rise in participation is further influenced by developments such as Liquid Staking and the Eigenlayer Airdrop.
Читать полностью…Bitcoin is holding the $60,000 level and bounced from there. The volume is dropping because of the weekend and we see some action on Monday.
Читать полностью…BTC miners are experiencing a notable decline in revenues after halving. This means the selling pressure is decreased.
Читать полностью…Bitcoin experienced a significant drop in value, but it managed to hold the $60,000 level, which is a good sign. We may witness some sideways movement in the market for now before a big move occurs. The price has been trading within a range for a long period, and a big wave may be coming soon.
Читать полностью…Coinbase experienced a remarkable surge in trade volume during Q1, surpassing $312 billion. Institutional trading played a significant role, outpacing retail and accounting for a whopping 82% share of the total volume.
Читать полностью…Bitcoin is slowly gaining momentum and may see some sideways movement over the weekend. To remain bullish, the price needs to break above the resistance area, while the support area remains the same.
Читать полностью…Educational Post
What Is the Atomicals Protocol?
Atomicals is a free, open-source protocol that provides a flexible way of creating digital objects on Bitcoin or any other blockchain that adopts the same UTXO model. Each digital object is called an “Atomical” or “atom” and basically consists of a chain of digital ownership, which follows a set of simple rules.
The Atomicals protocol can be used to mint, transfer, and update all sorts of static or dynamic digital objects, including fungible tokens and non-fungible tokens (NFTs). Atoms are created through Bitcoin transactions, and the protocol is compatible with any Bitcoin wallet without the need for separate chains, layer 2 networks, or third-party services.
What Is ARC-20?
Inspired by the BRC-20 token standard and built with the Atomicals protocol, ARC-20 is an experimental token standard for fungible tokens (colored coins) on the Bitcoin network.
Each ARC-20 token is linked to the value of at least one satoshi, the smallest unit of Bitcoin. This means that, by design, the value of each ARC-20 cannot go below 1 satoshi. However, that doesn’t necessarily mean that there will be market demand for such tokens, so it’s important to DYOR before taking risks.
It’s worth noting that there are no official ARC-20 tokens. All of them were created by the community and launched independently of the Atomicals Protocol team.
NEXO is still trading within the triangle pattern. We may see a test of the support area and observe how the price reacts. The support and resistance levels remain unchanged.
Читать полностью…JUP analysis:
Price was rejected from the resistance area and now slowly moving towards the support area. This is no trade zone and better to wait for some time.
Support Area: $0.835-$0.895
Resistance Area: $1.14-$1.22
ALT is continuing its downward movement, with the price being unable to break the trendline. It is predicted that we may see the price move towards the major support area in the coming days. This zone would be ideal for new entries.
Major Support Area: $0.295-$0.305
Notice of Removal of Spot Trading Pairs - 2024-05-10
https://www.binance.com/en/support/announcement/04be5fb46fe84e2eadc01fbc2c445cfa
Since the inception of the Spot Bitcoin ETF trading in the U.S. on January 11th, there has been a notable surge in spot Bitcoin trading volume, exerting a positive influence on price momentum. Glassnode employs the Net Unrealized Profit and Loss (NUPL) metric to elucidate the impact of ETFs on investor behavior.
NUPL quantifies the net profit (or loss) on market holdings, normalized by market capitalization. According to Glassnode's data, NUPL has consistently exceeded 0.5 over the past seven months, indicating that the market is currently in a "typically exuberant phase of a bull market."