OM ANALYSIS :
OM is ranging between the support and resistance area at $0.75 - $0.76 and $0.63 - $0.5 respectively. Right now, price going though a consolidation area, a breakout will need to decide the direction now, so eyes on break out.
Bitcoin Miner capitulation has reached levels comparable to December 2022 with a 7.6% drawdown.
December 2022 marked the cycle bottom after the FTX collapse. Could this be another major turning point?
Bitcoin dropped to the support area and bounced from there. As expected, BTC is moving sideways at the support area. Less volatility is expected over the weekend.
Читать полностью…OMNI dropped to the support area again and bounced from there. If you have opened long positions, increase your stop loss and hold the trade. The support and resistance levels remain the same.
Читать полностью…Nothing has changed in the market, and BTC continues to move sideways. We may see the same movement over the weekend. Keep an eye on the support and resistance levels.
Читать полностью…At the time of writing, LTH-NUPL is at 0.66, which resides between levels associated with the pre-euphoria phase 🟢. This condition has been in play for 96 days, a very similar duration to the 2016-17 cycle.
Читать полностью…The price of SOL dropped below the support area to trigger stop losses. It is now trading above the support area, signalling a positive trend. Consider accumulating SOL if it retests the support area.
Читать полностью…STX analysis:
Price is forming a falling wedge pattern on lower time frames. STX has been rejected from the local resistance area, indicating a potential continuation of the downtrend.
Support Area: $1.45-$1.50
Local Resistance Area: $1.80-$1.93
KLAY tested the support area and bounced from there. If you have opened a long position at the support area, increase your stop loss to the breakeven point and hold the trade. We may see a move towards the resistance area.
Resistance Area: $0.192-$0.203
Bitcoin was able to close the daily candle above the $60,000 support level, which is a good sign. There might be some accumulation around the support area before the next move. The market will only turn bearish after a break and close below the $60,000 level.
Читать полностью…Educational Post
What Are ARC-20 Tokens?
ARC-20 tokens are a type of digital asset created using the Atomicals protocol. They are fungible tokens that represent ownership of assets on the Bitcoin network.
ARC-20 represents a method for creating, transferring, and managing digital assets within the Bitcoin ecosystem, leveraging the protocol's capabilities to ensure unique digital ownership.
How Do ARC-20 Tokens Work?
ARC-20 tokens are linked to the value of at least one satoshi, the smallest unit of Bitcoin. This ensures that each ARC-20 token has a minimum value and cannot go below 1 satoshi. The tokens can be used, transferred, and split just like regular units of Bitcoin.
Each ARC-20 token has a built-in ticker and name service, ensuring that each token has a unique identifier. Additionally, each token carries its entire transaction history since its creation, eliminating the need for a centralized indexing service and enhancing transparency and security.
What Is the Atomicals Protocol?
The Atomicals protocol is an open-source system designed for creating digital objects, known as "Atomicals" or "atoms," on Bitcoin and other blockchains that use the UTXO (unspent transaction output) model.
These digital objects can be static or dynamic, including both fungible tokens and non-fungible tokens (NFTs). Atomicals are created through Bitcoin transactions and are compatible with any Bitcoin wallet, eliminating the need for additional chains, layer 2 networks, or third-party services.
ORN is still in a downtrend, with the price just missing the support area. A test of the support area may be seen before the next move. Consider opening long positions at the support area with a tight stop loss.
Support Area: $1.26-$1.33
Resistance Area: $1.76-$1.87
We Warned You About the Dump!
As we predicted there is a sharp Bitcoin sell-off. We hope our earlier warning helped you stay prepared. This is why following technical analysis (TA) setups is crucial. Now, let's see how BTC reacts at the support area for its next move. Stay tuned for more updates!
Big News: Mt. Gox Trustee Announces Bitcoin and Bitcoin Cash Repayments Starting Early July 2024!
That may bring some selling pressure in the market and may bring some panic selling. Be prepared for high volatility in the market.
CHR analysis:
The price is currently in a downtrend with no sign of strength. CHR has broken the support area and retested it. There may be a continuation of the downtrend towards the next support area. It's advisable to wait for a test of the lower support area for new entries.
Support Area: $0.207-$0.217
Resistance Area: $0.25-$0.263
Educational Post
All or None Order (AON)
An All or None order, often abbreviated to AON is an order made on a financial exchange to buy or sell a volume of assets for a set price. However, unlike other order types such as a market order or limit order, an All or None order is placed with a specific instruction as to how that order should be filled.
As the name suggests, an AON order, once placed, must either be filled in its entirety or not at all. This prevents any partial filling of orders and gives the buyer or seller the confidence of the fixed execution price for the entire volume.
This type of orders can be used, for instance, in algorithmic trading as a way to gauge the directional trend of a market and to prevent partial fill situations, which may happen when a market presents high levels of volatility with low volumes, such as during a flash crash type event.
DOT analysis:
Price has broken out of the falling wedge pattern on the 4-hour chart, indicating a positive signal. A test of the support area may occur, providing an opportunity to accumulate near the support area.
Support Area: $5.95-$6.10
Resistance Area: $6.80-$6.95
IMX analysis:
Price broke below the support area, forming a small triangle pattern. The small uptrend line is working as a support. Let's see if it can hold this level.
Support Area: $1.45-$1.48
Resistance Area: $1.67-$1.78
The altcoins market cap (TOTAL2) is gradually increasing and reclaiming the trendline. We may witness a continuation of the upward movement in altcoins. Increase your stop-loss and maintain the trades.
Читать полностью…ARB analysis:
Price broke below a major area and is now attempting to reclaim it. Let's see if the price can break above this area or not. Only open long positions after a break and close above this level.
Resistance Area: $0.843-$0.857
DOGE analysis:
Price is currently trading near a major support area. Consider accumulating some DOGE at this level, as we anticipate a potential move towards the resistance trendline.
Support Area: $0.113-$0.120
Resistance Area: $0.145-$0.148
Bitcoin is currently consolidating above the support level, and we might experience further sideways movement. Let's observe price action over the next 2-3 days.
Читать полностью…Yesterday was a rough day for Bitcoin, marking the third largest loss day of the year. The market experienced significant sell-offs, leading to a sharp decline.
Читать полностью…The altcoin market cap (TOTAL2) dropped to the expected support area and attracted liquidity. The price instantly bounced from the support area, and altcoins showed positive growth despite BTC dropping. This could signal that it has bottomed out, and we may see a good rally in the coming days. Hoping you have accumulated good coins for the bull season.
Читать полностью…OMNI analysis:
Price tested the support area multiple times and bounced from there. You can also open long positions at the support area with tight stop loss.
Support Area: $12.80-$13.80
Resistance Area: $17.90-$18.90
MATIC again drop to the support area and bounces from there. Hoping you have got some MATIC for the mid-term. You can still place your orders and wait. The support level remains the same.
Читать полностью…Bitcoin is currently experiencing a downtrend, with the price approaching the $60,000 support area as predicted. A significant wick below the support area indicates stop hunting and liquidations. The positive news is that the price is now above the $60,000 level. We may witness some sideways movement before the next move. A daily candle closing below $60,000 would be bearish, so keeping an eye on the support area is important.
Читать полностью…Bitcoin Dumps on Mt. Gox Repayment News
The recent announcement of Bitcoin and Bitcoin Cash repayments from Mt. Gox has triggered a sharp sell-off. We've observed the first wave of this dump, and it looks like the market may now move sideways for a bit. Be prepared for a potential test of the $60,000 level as liquidity is sought.
Bitcoin has been unable to surpass the $65,000 level and the price has dropped significantly. The next support area is between $60,000 and $60,500; we may see a test of this level before the next move. Having some spare USDT to buy the dip could be a good idea.
Читать полностью…BITCOIN on exchanges continues to drop as investors move their holdings to secure, self-custody wallets.
Читать полностью…