CVC was rejected from the resistance area. If you had opened a short position, you are now around 10% in profit. You can either book the profit or hold the position with a stop loss at breakeven. The market is looking positive, and we may see another test of the resistance area.
Читать полностью…MicroStrategy has added another 18,300 BTC to its holdings for approximately $1.11 billion at an average price of $60,408 per Bitcoin. The company has achieved a BTC yield of 4.4% quarter-to-date (QTD) and 17.0% year-to-date (YTD). As of September 12, 2024, MicroStrategy holds a total of 244,800 BTC, acquired for roughly $9.45 billion, at an average price of $38,585 per Bitcoin.
Читать полностью…TIA analysis:
Price is currently trading near the major support area, suggesting a potential opportunity for a long position with a stop loss below the support area. There is a possibility of a bounce from this level towards the resistance line of the triangle.
Support Area: $3.85-$4.15
Resistance Area: $4.90-$5.05
According to Glassnode, the miner capitulation that occurs every cycle after Bitcoin's halving has officially come to an end. They noted that this was the longest and most brutal capitulation in the history of Bitcoin, marking a significant moment for the network's resilience and recovery.
Читать полностью…The price of Bitcoin is currently around $58,000. A bearish rising wedge pattern has formed on lower time frames, indicating a potential downward movement. If the pattern breaks downwards, the price is expected to drop to the $55,000-$56,000 range. It's advisable to maintain tight stop-losses on all open positions.
Читать полностью…#DOMO/USDT!
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Educational Post
What is Gwei?
The term gwei refers to a small denomination of ether (ETH), which is the native currency of the Ethereum blockchain.
As the name suggests, Along with ETH, gwei is the most commonly used denomination of Ethereum’s cryptocurrency, and it is particularly useful when talking about gas. Simply put, gas is the pricing mechanism used on the Ethereum network. Such a mechanism is responsible for calculating the fees when users perform a transaction or execute a smart contract operation.
Specifically, a unit of gwei is defined as one-billionth (one Nano) of an ether. So 1 gwei equals 0.000000001 or 10e-9 ETH. Conversely, 1 ETH equals one billion (10e9) gwei.
To better understand the concept of gwei, we may use an analogy with the US dollar, where gwei would be equivalent to coins (cents) and ETH to dollar bills. For small purchases, it’s easier to refer to prices in cents rather than in fractions of a dollar. As such, gwei may come handy when measuring small values, and that’s the reason it is widely used when calculating the gas price.
Bitcoin was able to defend the $55,000 level, and the price bounced from there. We are once again testing the $58,000 level, and let's see if the price is able to hold above this level. The key level to watch is the $60,000 area.
Читать полностью…ETH bounced as expected after testing the support area. The buying pressure is high in this zone, and we hope you have also acquired some ETH at this level. Consider adding more if the price drops back to this support zone.
Support Area: $2060-$2170
Local Resistance Area: $2500-$2580
TON long position has gained over 22% profit from our entry. You can now increase your stop loss to near the $5.00 level and hold the position. We may see a move towards the resistance area in the coming days.
Resistance Area: $6.00-$6.25
LDO analysis:
Price is currently testing the support area, and we may see a rebound from here. Consider initiating a long position at the support area with a tight stop loss.
Support Area: $0.88-$0.98
Resistance Area: $1.30-$1.42
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THETA rebounded after testing the support area. The long position is now in more than 12% profit. You can increase the stop loss to the breakeven point and hold the trade.
Resistance Area: $1.34-$1.45
CVC analysis:
CVC analysis:
Price is approaching the resistance area. Let's observe how it reacts. If rejected, the price may return to the support area. Better to wait for more confirmation.
Support Area: $0.078-$0.0855
Resistance Area: $0.115-$0.125
Educational Post
What is GameFi?
GameFi, short for Game Finance, is a market segment within decentralized finance (DeFi) that combines blockchain technology with gaming. This innovative fusion aims to not only enhance interest in specific blockchain projects but also to deepen users' engagement with cryptocurrencies, creating a novel gaming experience.
GameFi introduced a groundbreaking play-to-earn (P2E) business model that redefines the gaming landscape. By offering tangible incentives for gamers' time and effort, such as in-game cryptocurrencies and non-fungible tokens (NFTs), it can transform digital gaming into a rewarding financial ecosystem.
How GameFi Works
At its core, GameFi leverages smart contracts, the programmable scripts on blockchains, to automate specific actions within games. These contracts bring a level of flexibility that allows for the creation of unique and innovative gaming experiences. Each game typically employs multiple smart contracts, tailored for distinct purposes like asset creation, reward distribution, and managing in-game economies.
Crypto Games vs. Traditional Games
GameFi development opens new revenue streams for game developers, attracting a dedicated user base that includes traditional gamers alongside traders and investors. Some platforms even enable developers and investors to earn a share of transaction fees when players trade, sell, or stake their digital assets within the GameFi ecosystem.
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Bitcoin has broken the bearish rising pattern and reached the $60,000 major resistance area. The price needs to hold above $60,000 to remain bullish; otherwise, a rejection from here will send the price back to the $58,000 level.
Читать полностью…Hello everyone, 48 hours left until our next free for all pump on MEXC!! The target this time will be 50X-100X gains possibly even more. #BTC just smashed through $59k like a boss🚀 Big green candle flexing hard on the 4H chart FOMO is about to hit, and the market is gonna pump like crazy! With our volumes being high, We can guarantee that this upcoming mega pump will have amazing results like our previous pumps: #YOLO(+3200%+1600%) #JWIF(+2500%) #VTS(+3500%) #FRTN(+6500%) #JET(+10600%)
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The TOTAL crypto market cap failed to hold the key support area and has now tested a lower support level. It's currently attempting to reclaim the $2 trillion mark. A breakout above this level could signal a positive shift, potentially leading to increased momentum in the market.
Читать полностью…STRK analysis:
The price was rejected from the resistance area and is now moving up again. This is a no-trade zone, and let's see how the price reacts at the resistance area.
Support Area: $0.332-$0.347
Resistance Area: $0.438-$0.458
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CVC is currently testing the resistance area. Keep an eye out for a potential breakout. We will open a new long position after the breakout. You can consider opening a small short position at the resistance area with a tight stop loss. The possible scenarios are marked on the chart.
Resistance Area: $0.115-$0.125
RAY analysis:
Price is currently testing the support area, and a bounce may occur from here. Consider opening a long position at the support area with a tight stop loss.
Support Area: $1.35-$1.45
Resistance Area: $1.83-$2.00
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Bitcoin is dropping because the Harris-Trump presidential debate ended without a mention of cryptocurrency. The price needs to hold above $55,000 to remain bullish. Let's see how the market reacts today when the US markets open.
Читать полностью…💥Exciting news, dear members! In response to Massive demand from our community, we're thrilled to announce that our next 50X-100X Mega Pump Signal will be hosted at MEXC. Get ready to ride the wave of opportunity with us💥
Date: 15-September-2024 Sunday
Time: 4 PM GMT
Pairing: USDT
Exchange: MEXC
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There is very little hidden sell pressure in the orderbooks and we believe that with our massive buying power we will be able to reach 50X-100X easily possibly even more. we have decided to schedule our next signal in 5 days to make sure that we are fully prepared. Our main goal for this pump signal will be to make sure that every single member in our group makes a massive profit. We welcome everyone to join us as we create the next big pump all traders and investors all over the world have been waiting for. Our team is validating bunch of amazing projects which are so undervalued but have best potential. Meanwhile you can transfer USDT on your MEXC spot account! so you don't miss this great opportunity!
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Binance has released its 22nd proof of reserves, with a snapshot taken on September
Key changes include:
- BTC assets: 605k, down 1.27% from the previous snapshot.
- ETH assets: 4.486 million, down 4.58%, a decrease of 215k ETH.
- USDT assets: 22.11 billion, up 4.34%, an increase of 919 million USDT.
This update highlights the latest shifts in user-held assets on the platform.
Bitcoin (BTC) has finally experienced a significant price increase, with a large green candle breaking through the $55,000 level. The price tested $58,000 but was rejected from that level. Today marks the presidential debate in the USA, so we may observe high volatility during the trading session. If Trump says something positive about crypto regulations, we might see a movement towards the key level of $60,000.
Читать полностью…According to Glassnode, the Bitcoin hash rate has skyrocketed to an all-time high of 811.52M TH/s. While this isn't necessarily a short-term price indicator, it does show that the Bitcoin network is becoming increasingly secure over time.
Читать полностью…The price of TON has rebounded from the support area, which is great news if you bought TON at that level. The price is now increasing, and our long position is currently showing a profit of more than 11% from our entry point. It's a good idea to raise your stop loss to the breakeven point and maintain the trade.
Читать полностью…