SOL tapped into the support area and bounced from there. Hopefully, you have purchased some SOL. You can still place your orders in the support zone and wait. We may see a bounce from here towards the resistance area. The support and resistance levels remain unchanged.
Читать полностью…IDEX analysis :
IDEX have a fakeout of the major resistance area and dropping lower towards the next major support zone, IDEX looks strong enough for trading this range, buy position can be opened at support.
Major Resistance : $0.046 - $0.048
Major Support : $0.034 - $0.036
The current #Bitcoin price action is a classic end-of-Blue-Year scenario—boring, yet crucial preparation for the explosive Red Year, the year of all-time highs. It’s like we’re back in August 2012, 2016, and 2020, gearing up for the next big wave.
Читать полностью…Bitcoin is currently forming a falling wedge pattern on lower time frames. The falling wedge is considered a bullish pattern that typically breaks upward. We might anticipate the continuation of sideways movement for the next 2-3 days before a significant breakout.
Читать полностью…The pace of net capital inflow into Bitcoin has decelerated, highlighting a delicate balance between profit-taking and losses among investors. Historically, these periods of reduced activity often set the stage for major spikes in market volatility, suggesting that significant price movements may be on the horizon.
Читать полностью…Price is currently trading in a sideways pattern, and this movement may continue over the weekend. There have been no significant changes in Bitcoin, and a clear direction has not yet emerged.
Читать полностью…For the first time in a year, the 90-day change in stablecoin supply has turned positive, showing a rising trend in correlation with BTC, according to Glassnode.
Читать полностью…Bitcoin is unable to surpass the $60,000 level and has been rejected from there. Expect some sideways movement, and the price may also decline towards the $57,000 local support area. Use tight stop loss in all open trades.
Читать полностью…The pace of net capital inflow into BTC has slowed, signaling a delicate balance between profit-takers and those facing losses. Historically, these quiet phases often set the stage for major volatility spikes.
Читать полностью…Bitcoin is approaching a retest of the $60,000 level. Let's see if the price is able to break above this level or not. The market is once again giving mixed signals.
Читать полностью…BB dropping lower and still inside the channel pattern. Price dropping lower might form some sort of triple bottom pattern and might take a reversal from here.
Читать полностью…LOKA analysis:
Price has been rejected multiple times from the resistance area, indicating a potential test of the support area. This zone presents an opportunity for new long positions.
Support Area: $0.17-$0.18
Resistance Area: $0.24-$0.26
JTO is currently testing the support area, and we anticipate a rebound from this level. You can consider opening a small long position here with a tight stop loss.
Support Area: $2.45-$2.60
Resistance Area: $2.95-$3.15
BB analysis:
The price is currently trading within a downtrend channel and has been rejected from the local resistance area. We might see another test of the resistance area in the coming days. You can consider opening a small long position at the support area with a tight stop loss.
Support Area: $0.30-$0.31
Resistance Area: $0.375-$0.40
Educational Post
What Is a Carry Trade?
A carry trade is a strategy where you borrow money in a currency with low interest rates and invest it in a different currency or asset that offers higher returns. The idea is simple: you're looking to profit from the difference between these rates.
While this strategy is mostly used in the world of forex and currency trading, it can also be applied to stocks, bonds, and even commodities.
How Carry Trades Work
Here’s how it usually goes: you take out a loan in a currency that has low or near-zero interest rates – think the Japanese yen (JPY), which has had low rates for years. Then, you convert that money into a currency with a higher interest rate, like the US dollar. Once you have the higher-yielding currency, you invest it in something like US government bonds or other assets that give you a good return.
For example, if you borrow yen at 0% and invest it in something that pays 5.5%, you're earning that 5.5%, minus any fees or costs. It’s like turning cheap money into more money (as long as the exchange rates play nice).
Why Investors Use Carry Trades
Carry trades are popular because they offer a way to earn a steady return from the interest rate difference, without needing the value of the investment to go up. This makes it a favorite among big players like hedge funds and institutional investors, who have the tools and knowledge to manage the risks.
Often, investors use leverage in carry trades, which means they borrow a lot more money than they actually have. This can make the returns much bigger – but it also means the losses can be just as large if things don’t go as planned.
Bitcoin is testing the falling wedge support line and let's see if the price is able to bounce from here. Let's see how Global markets open today.
Читать полностью…Educational Post
What is Breakeven Multiple?
Breakeven Multiple is the value by which the current price of a coin or asset needs to be multiplied by to reach its Breakeven Point (BEP). The Breakeven Point is the initial acquisition cost paid by a trader or investor (including trading fees). Therefore, when the market price of an asset drops below the price paid, the trader would need it to rise again in order to break even, so they can close their positions without gains or losses.
For example, if a trader buys a coin at a market price of $10 per unit, and then it falls to $5, he would need that coin value to double (100% increase) in order to return to its initial purchase price. In this case, the breakeven multiple would be 2.
Sometimes, the Breakeven Multiple may also refer to the multiple by which a cryptocurrency (or any other asset) needs to rise in order to reach its previous All-Time High (ATH). For example, let’s imagine that a cryptocurrency ATH was $1,000, but it is now being traded for $250 (75% drop). In this case, the breakeven multiple is 4 because it needs to experience a 4-fold gain (300% increase) in order to reach its peak price again.
Note that the breakeven multiple is not a percentage, but an absolute number. If we consider the drop percentage of the previous example (75%), the price of that asset would need to increase 300% (4x) to reach $1,000 again.
SOL analysis:
SOL is approaching the major support on the daily timeframe. Consider accumulating some SOL at the support area for the long term. A bounce towards the resistance area may follow.
Major Support Area: $120-$130
Resistance Area: $160-$165
KLAY analysis :
KLAY broke below the key flip area at $0.15 and might reach the major support zone. There's a minor support where price could have a stop and reversal.
Major Support : $0.10 - $0.11
Minor Support : $0.12 - $0.13
Major Resistance : $0.15
LOKA surged towards the resistance area, generating a long position profit of over 40%. It's advisable to secure some profit. Consider opening a long position if the price falls to the support zone.
Support Area: $0.17-$0.18
Resistance Area: $0.24-$0.25
ENA analysis :
ENA moved below the listing price, and moving within the falling wedge pattern. No clear reference to the left and better wait for the further price action to develop. High risk position can be a Double bottom formation.
The TOTAL crypto marketcap is once again testing the support area, but it is currently holding this level. This suggests potential accumulation at the support area before the next move.
Читать полностью…BURGER analysis :
BURGER bouncing off from the major support and with that price broke the falling wedge pattern and price looks bullish now. Buys looks good over the support to a stop below support or swing.
After being rejected from the resistance area, LOKA dropped to the support zone. Hopefully, you have opened a long position at the support area. You can increase your stop loss and maintain the long position. The resistance area remains the same.
Читать полностью…SYS analysis :
SYS break the major support zone turning it into resistance and now reaching the flip area (Yellow Zone) $0.096 - $0.10 and expected a sort a reversal from there.
Major Resistance : $0.13 - $0.14
Bitcoin was rejected from the resistance area and was unable to hold the $60,000 support. Things are taking a negative turn, and BTC needs to reclaim the $60,000 level. Let's see how things go this week.
Читать полностью…The STH Realized Loss by Age metric measures the extent of losses that short-term holders have realized. When this metric shows high values, it confirms that the sell-side pressure indicated by the MVRV and SOPR metrics has indeed occurred. By quantifying the magnitude of these losses, it helps validate periods of seller exhaustion.
Читать полностью…Bitcoin was rejected from the $65,000 resistance level, and the price dropped to the sub $62,000 area. We may see some sideways movement. The support and resistance levels remain the same.
Читать полностью…Last week, digital asset investment products experienced a notable influx of $533 million, the highest in five weeks. This surge came on the heels of Jerome Powell's remarks at the Jackson Hole Symposium. Bitcoin led the charge, attracting $543 million in inflows, highlighting its strong sensitivity to interest rate expectations.
Читать полностью…