Crypto VIP Signal

28 октября 2024 14:47

Educational Post

What Is a DEX?

A decentralized exchange (DEX) is a crypto trading platform where you can trade digital assets directly with others, without the need for an intermediary. In theory, any peer-to-peer swapping could constitute a decentralized trade. But in this article, we’re primarily interested in a platform that emulates the core functions of centralized exchanges.

Unlike centralized exchanges, DEXs allow you to hold full control of your funds. It's all powered by smart contracts, which automatically execute trades based on certain conditions.

When you use a centralized exchange, you're trusting the company to handle your crypto, much like a bank does with your money. With DEXs, no one’s holding your assets for you. Instead, you’re interacting directly with other traders through the blockchain network.

How a decentralized exchange (DEX) works

DEXs are similar to their centralized counterparts in some ways but significantly different in others. Let’s first note that there are a few different types of decentralized exchanges available to users. The common theme among them is that orders are executed on-chain (with smart contracts) and that users do not sacrifice custody of their funds at any point.

Crypto VIP Signal

28 октября 2024 09:34

The TOTAL2 (altcoin market cap) has once again been rejected from the resistance area. The price is currently testing this resistance, and we will see if it can break through this time. If it does, we can expect a significant rally in altcoins following this breakthrough.

Resistance Area: $925-$960 Billion

Crypto VIP Signal

27 октября 2024 18:54

JUV analysis:

Price is now hanging between the support and resistance area. This is no trade zone and better to wait for a clear break above the resistance area or test of the support zone for new entries.

Support Area: $1.45-$1.51

Resistance Area: $1.65-$1.69

Crypto VIP Signal

27 октября 2024 13:09

The data highlights an uptick in the cash-and-carry trade strategy, as evidenced by the parallel increase in two metrics:

🟠 30-day sum of ETF net flows — showing inflows into Bitcoin ETFs
🔵 30-day change in CME open interest — indicating growing positions in CME futures

This alignment suggests that traders are likely using long-spot positions in Bitcoin ETFs paired with short positions in CME futures contracts, optimizing to capture the yield differential.

Crypto VIP Signal

27 октября 2024 07:51

Bitcoin's price remains stagnant as the market exhibits sideways movement. We will observe how the market reacts when global exchanges open on Monday.

Crypto VIP Signal

26 октября 2024 16:14

We're seeing improved profitability among new Bitcoin investors, as the MVRV ratio has rebounded from August's lows following the yen-carry trade unwind. Notably, the Short-Term Holder MVRV (STH-MVRV) has also reclaimed its 90-day moving average, signaling a constructive trend for market momentum.

Crypto VIP Signal

26 октября 2024 10:46

DOGE was rejected from the resistance area and faced significant selling pressure there. We may see another test of the resistance area in the coming days, so let's watch to see if the price can break above this level. Currently, this is not an ideal trade zone, so it's better to wait for a while before considering new entries.

Crypto VIP Signal

25 октября 2024 19:52

NOT analysis:

Price has formed a triangle pattern and is now trading near the support area. You can open a long position close to this support. We may see a bounce from here towards the resistance line.

Support Area: $0.00695-$0.00725

Resistance Area: $0.00855-$0.0086

Crypto VIP Signal

25 октября 2024 17:41

Stay tuned for a TA/FA based SPOT & FUTURES call at 5PM GMT today!

Exchange: Binance & MEXC

Crypto VIP Signal

25 октября 2024 14:07

Educational Post

What Is an Order Book?

An order book is like a real-time list of all the current buy and sell orders for a particular asset, such as stocks, commodities, or cryptocurrencies. It provides a snapshot of what buyers are willing to pay (bids) and what sellers are asking for (asks), helping you see market demand and supply.

How Order Books Work

In high-liquidity markets, you will notice that order books are live and constantly being updated. As new buy or sell orders come in, they are added to the list. When a trade happens, the relevant orders are removed from the order book. Essentially, order books are where you see the open orders that represent ongoing negotiations between buyers and sellers.

If you're a buyer, your order will be added based on the maximum price you’re willing to pay. If you're a seller, it’s based on the minimum price you're willing to accept.

Crypto VIP Signal

25 октября 2024 09:01

Bitcoin broke above the local resistance area but faced heavy selling there, evidenced by the wick showing price rejection. We may see another test of this resistance area, so let's observe how the price reacts.

Crypto VIP Signal

24 октября 2024 19:52

NEAR analysis:

Price is currently trading within a triangle pattern. Consider opening a long position near the support area with a tight stop loss. We may see a movement towards the triangle's resistance area. A break of this triangle pattern will determine the next move.

Support Area: $4.42-$4.57

Crypto VIP Signal

24 октября 2024 13:41

After being rejected from the resistance area, IOTA is now testing the support zone. You can open a long position here with a tight stop loss. We may see a bounce from this area towards the resistance zone.

Support Area: $0.113-$0.117

Resistance Area: $0.125-$0.127

Crypto VIP Signal

24 октября 2024 07:59

Bitcoin experienced a dip yesterday but instantly bounced back. We may see a test of the local resistance area now, and let's see if the price is able to break above it or not.

Crypto VIP Signal

23 октября 2024 13:21

DOGE analysis:

Price has reached a major resistance area, and a break above this will lead to a strong rally. It is better to wait for a clear breakout above this resistance before opening new long positions.

Resistance Area: $0.14-$0.15

Crypto VIP Signal

28 октября 2024 12:51

DOGE is currently testing the resistance area, which is a crucial level to break for the upcoming rally. With the US election just a week away, Elon Musk could potentially drive up the price of DOGE at any moment. Consider opening long positions after a successful breakout.

Crypto VIP Signal

28 октября 2024 06:44

Bitcoin has once again tested the resistance area and faced significant selling pressure there. With the October monthly candle closing approaching, and historically, Q4 tends to bring a bull rally, we may see a substantial move if the price breaks above the $70,000 key level.

Crypto VIP Signal

27 октября 2024 15:12

Educational Post

How Traders Use Order Books

Order books can provide interesting insights into market liquidity and trends. Some of the ways traders use order books include:

Spotting support and resistance: Large buy orders (buy wall) at a certain price might suggest strong support, while large sell orders (sell wall) may signal resistance at that price.

Liquidity analysis: Deep order books with lots of orders make it much easier to buy or sell without pushing the price up or down too much.

Market depth: Traders often look at how many orders are “waiting” at different prices to anticipate potential market moves. For example, if there are many buy orders around certain prices, there is a higher probability of those levels acting as support.

However, orders can be placed and removed easily. Buy walls and sell walls are sometimes used to create false impressions of supply and demand. So don’t rely too much on the order book. It can provide some insights, but it’s not foolproof.

Crypto VIP Signal

27 октября 2024 10:56

JASMY has dropped to the support area, and your orders are filled. You can set a tight stop loss and hold the long position. We may see a bounce from here towards the resistance area.

Resistance Area: $0.024-$0.0256

Crypto VIP Signal

26 октября 2024 19:56

INJ analysis:

The price is currently trading within a downward channel on the daily timeframe. It has been rejected from the resistance line, and there are no signs of strength, as a lower high and lower low have been established. It would be wise to wait for some time before considering new entries.

Crypto VIP Signal

26 октября 2024 14:21

Bitcoin Dominance continues to rise and has broken through the upward trendline. This is concerning for altcoins, and we may witness a slow decline in the altcoin market. It's important to monitor the dominance levels closely. If it breaks above the key 60% level, we could see significant selling pressure on altcoins. Make sure to keep tight stop-loss orders on all open positions.

Crypto VIP Signal

26 октября 2024 08:02

Bitcoin has been rejected from the resistance area multiple times. We might see some sideways movement over the weekend, followed by a significant move on Monday.

Crypto VIP Signal

25 октября 2024 18:51

Upcoming signal has been postponed for tomorrow.

Thank you for your understanding

happy trading. Stay tuned!

Crypto VIP Signal

25 октября 2024 16:11

The derivatives markets are adding depth and liquidity to Bitcoin, enabling more advanced trading and hedging strategies. This week, Open Interest across perpetual and fixed-term futures contracts has hit an all-time high of $32.9B, signaling a notable rise in overall leverage in the market.

Crypto VIP Signal

25 октября 2024 11:36

SAGA is progressing as expected and has reached the support zone. We might observe some accumulation in this area before the next move. You can open a long position at the support zone.

Support Area: $2.05-$2.25

Resistance Area: $2.75-$2.90

Crypto VIP Signal

24 октября 2024 20:50

The winners of the $500 giveaway will be announced in Next 12 Hour's.

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Crypto VIP Signal

24 октября 2024 16:12

Net capital inflows into Bitcoin have surged by $21.8B (+3.3%) over the past 30 days, pushing the Realized Cap to a new all-time high of over $646B. This indicates rising liquidity in the asset class, with strong capital inflows backing the recent price increase.

Crypto VIP Signal

24 октября 2024 11:21

SAGA has been unable to break above the resistance area and continues its downtrend. We may see a test of the support zone, where you can place your buy orders.

Support Area: $2.05-$2.25

Resistance Area: $2.75-$2.90

Crypto VIP Signal

23 октября 2024 19:51

PEPE analysis:

Price is now testing the support area and also near the uptrend line support area. You can accumulate some PEPE around the support area. We are expecting a bounce from here towards the resistance line of the triangle.

Support Area: $0.00000960-$0.00001000

Resistance Area: $0.00001100-$0.00001150

Crypto VIP Signal

23 октября 2024 10:22

Bitcoin dominance is trending upward, showing no signs of weakness. Altcoins are currently struggling to make significant moves. For a rally in altcoins, dominance needs to break the upward trend line.