Bitcoin broke the triangle pattern in a downward direction, indicating a possible move towards the major support area of $59,000-$60,000. However, the market remains relatively unchanged and continues to move sideways.
Читать полностью…BOND/BTC lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. So now is the right time to build your position in it before breakout for massive profits😊🚀
Targets: 5140 - 5900 - 6800 - 8000 satoshi
SL: 4200 satoshi
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Educational Post
Moving Average Ribbon
The moving average ribbon is a combination of multiple moving averages of different lengths. A ribbon can consist of four to eight SMAs, but the exact number may vary depending on individual preferences. The intervals between the MAs can also be adjusted to suit various trading environments. For instance, the default ribbon consists of four SMAs, with 20, 50, 100, and 200 periods.
This trading strategy involves tracking the expansions and contractions of the moving average ribbon. For instance, an expanding ribbon, where shorter moving averages are moving away from the longer ones during price increases, suggests a strengthening market trend. Conversely, a contracting ribbon, where moving averages converge or overlap, suggests a consolidation or pullback.
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Bitcoin is currently exhibiting a triangle pattern on lower timeframes, with clear support and resistance lines. The impending break of this triangle will dictate the direction of the next significant move in the market.
Читать полностью…Educational Post
Double Moving Average Crossover
The double moving average crossover strategy involves using two moving averages of varying lengths. Traders generally employ a combination of a short-term and a long-term moving average, such as a 50-day MA and a 200-day MA. Typically, the moving averages are of the same type, such as two simple moving averages (SMAs), but you could also use different types, such as an SMA coupled with an exponential moving average (EMA).
In this trading strategy, traders look for a crossover between the moving averages. A bullish signal occurs when the shorter-term moving average crosses above a longer-term moving average (also known as a Golden Cross), indicating a potential buying opportunity. Conversely, a bearish signal occurs when the shorter-term moving average crosses below the longer-term moving average (also known as a Death Cross), signaling a potential selling opportunity.
FET attempted a fakeout to trigger stop losses before reversing course. The price is now slowly moving toward the lower support area. Consider opening a small long position when it reaches the support area.
Support Area: $1.85-$1.95
Resistance Area: $2.30-$2.50
NFP analysis:
After a breakout, the price is now retesting the zone. You can open small long positions with a tight stop loss. We may see a bounce from here towards the resistance area.
Support Area: $0.45-$0.47
Resistance Area: $0.605-$0.648
Before a Halving event, the unrealized profit in the Bitcoin supply is at its highest ever, measured by MVRV. This means investors are sitting on big paper gains compared to what they paid. With the MVRV Ratio at 2.26, the average BTC unit has a +126% paper gain at the halving event. Bitcoin top when MVRV is above 3.5 level.
Читать полностью…Bitcoin is currently showing a lack of significant movement and may continue to do so throughout this weekend. The market's volume is decreasing, and there is little strength in the market. We may likely see a drop below the $60,000 support level to grab liquidity. To prepare for this possibility, it is recommended to have a tight stop loss and some stablecoins available to buy the dip.
Читать полностью…According to Glassnode, the inflation rate of bitcoin (0.83%) has been significantly lower than that of gold (2.3%) since the last halving.
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TAO analysis:
Price broke the triangle pattern and is now retesting it. You can open a small long position here as we may see a bounce from this level.
Buy zone: $452-$460
Resistance Area: $490-$500
NEXO analysis:
Price has formed a triangle pattern and bounced off the support level. It is better to wait for new entries as this is a no-trade zone. We may see some sideways movement inside the triangle.
Support Area: $1.115-$1.185
Resistance Area: $1.366-$1.40
BOND founded in 2019, is a protocol for tokenizing risks. It was launched in September 2020. BarnBridge is a sort of decentralized finance (DeFi) lego for creating tradeable tokens that expose a consumer to market volatility.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: $3.29 - 4 - 5 - 6
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Entry : current price
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Monitoring the monthly dilution rate of Short-Term Holder (STH) Supply due to Long-Term Holders (LTH), sorted by transaction profitability, provides invaluable insights. The consistency of the mean over time suggests that the "scarcity" factor remains unchanged, offering a fascinating perspective on market dynamics.
Читать полностью…Bitcoin Dominance has fallen below the significant 55% level and is now breaking below the uptrend line. This break below the uptrend line suggests a positive trend for altcoins. If BTC remains steady within a particular range, we can expect to see an ongoing upward movement in altcoins.
Читать полностью…JUP analysis:
The price of JUP is gradually approaching the support area. It's advisable to await confirmation of a test of the support area before considering new entries.
Support Area: $0.833-$0.895
Resistance Area: $1.12-$1.20
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Bitcoin is slowly moving towards the support area. We may see a test of the $59,000-$60,000 support area before the next move. Let's see how the price reacts on the support area.
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ETHFI is currently testing the lower trendline of a triangle pattern. A bounce towards resistance is possible. Consider opening a small long position with a tight stop loss.
Support Area: $3.40-$3.50
Resistance Area: $4.30-$4.50
CRV analysis:
It is advisable to open a small long position here with a tight stop loss as the price is currently testing the support area. We may then see a bounce towards the resistance area.
Support Area: $0.40-$0.44
Resistance Area: $0.56-$0.58
The SOL price moved upward as expected, pumping more than 16% from the support area. The price is now moving back towards the support area. If you missed out earlier, consider opening a small long position near the support area.
Support Area: $133-$140
Resistance Area: $162-$169
Bitcoin has dropped below $65,000 level again. The market is giving mixed signals and there is no clear move yet. Let's wait and see how the market performs in the next few days. Keep a tight stop loss in all open positions.
Читать полностью…Educational Post
What Are Airdrop Scams?
Airdrop scams refer to fraudulent schemes designed to deceive cryptocurrency users by offering fake airdrops – supposed giveaways of tokens or coins. These scams exploit the allure of free tokens to trick beginners and unsuspecting individuals into connecting their crypto wallets to malicious websites, transferring assets to fraudsters, or disclosing sensitive information.
How Airdrop Scams Work
Most airdrop scams will involve some sort of phishing technique that lure users into malicious websites. Let’s go through some common methods.
Fake airdrop promotion
Scammers set up phishing websites mimicking legitimate airdrop and promote it through various channels, including social media, email, and messaging platforms. Their goal is to trick users into revealing their sensitive information or connecting their crypto wallets.
In other words, they lure users by promising free tokens in exchange for participating in the airdrop. Once users express interest, scammers may request personal information, wallet addresses, or even private keys under the guise of claiming the airdrop. However, instead of receiving tokens, victims may find their wallets drained or compromised.
Impersonation
Scammers impersonate well-known cryptocurrency exchanges or influencers to gain credibility and lure victims into participating in fraudulent airdrops. Scammers may also hack into legitimate accounts to take advantage of their followers.