ENJ broke the small triangle and now testing the resistance area. Wait for a breakout above the resistance are for new long entries. We may see a good move after the breakout.
Читать полностью…The trading range continues and there is no movement. Bitcoin has been in a tight range from the last 4 weeks. A big move is coming anytime so be prepared and don't overleverage.
Читать полностью…Educational Post
Secure Asset Fund for Users (SAFU)
The Secure Asset Fund for Users (SAFU) is an emergency fund that was established by Binance in July 2018 to protect users' funds. When the fund was established, Binance committed a percentage of trading fees in order to grow it to a sizable level to safeguard users.
The Secure Asset Fund was valued at US$1 billion based on the opening price on January 29, 2022. The value of the fund will fluctuate based on the market. The SAFU fund wallets comprise BNB, BTC, USDT, and TUSD.
SAFU wallet addresses:
•BTC: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD
• BNB and USDT (BEP20): 0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa
• TUSD (ERC20): 0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa
The origin of SAFU
During unscheduled maintenance, Changpeng Zhao (CZ), the Binance CEO, tweeted out to users stating: “Funds are safe”
After this, the phrase "Funds are safe" became regularly used by CZ to ensure users were aware that their funds were, in fact, safe.
In 2018, a content creator named Bizonacci uploaded a video on YouTube titled “Funds Are Safu”. It quickly spread and became a viral meme. Since then, the community began using the phrase "Funds are SAFU."
BNB again tried to break the resistance area but was rejected from there. There is no clear breakout above the resistance which means bears are in control. A break above the resistance will bring positive sentiment in BNB.
Читать полностью…The market is stagnant and not moving a single bit. Price keeps testing the resistance area but no luck yet. Tight stop loss is recommended. We may see some move today when US markets open.
Читать полностью…IOTA analysis:
Price is now testing the major resistance of the $0.195-$0.203 area. There is also the downtrend line of the triangle. If the price is rejected from here then we see a move toward the local support of $0.177-$0.178 area. Wait for a clear breakout above the resistance area for new long entries.
Following the Blackrock #Bitcoin ETF request announcement on June 15th, the share of Bitcoin supply held/traded by US entities has experienced a notable uptick, marking a potential inflection point in supply dominance if the trend is sustained.
Читать полностью…BTC hodling above the range/ support after the strong rejection and might the range continue. On HTF, the price is on a strong resistance area, which making price consolidate. Use tight stops in any position, as its on support and might breakout.
Читать полностью…Educational Post
What is a Nonce?
A nonce refers to a number or value that can only be used once. Nonces are often used on authentication protocols and cryptographic hash functions. In the context of blockchain technology, a nonce refers to a pseudo-random number that is utilized as a counter during the process of mining.
For instance, Bitcoin miners need to try and guess a valid nonce as they perform multiple attempts to calculate a block hash that meets certain requirements (i.e., that starts with a certain number of zeros). When competing to mine a new block, the first miner to find a nonce that results in a valid block hash is granted the right to add the next block into the blockchain - and is rewarded for doing so.
In other words, the process of mining consists of miners performing a myriad of hash functions with many different nonce values until a valid output is produced. If the hashing output of a miner falls below the predetermined threshold, the block is considered valid and is added to the blockchain. If the output is not valid, the miner keeps trying with different nonce values. When a new block is successfully mined and validated, the process starts over.
The countdown til the next Bitcoin Halving event marches ever closer, now an estimated 282 days away.
The upcoming Halving will reduce the Block Subsidy (issuance per block) from 6.25 BTC to 3.125 BTC.
Our signal had 300k USDT in volume with but due to wrapped token selection we faced double selling pressure which coused rapid decline in price during 2nd and 3rd minute and we were not able to hit our target today but still a lot traders participated on our call on #WSIENNA as it climbed the 'Top Gainers' list, resulting in some good profits for members and we're glad everyone participated.
Читать полностью…The digital asset market continues to see remarkably little volatility, with the classic 20-day Bollinger Bands experiencing an extreme squeeze.
A price range of just 4.2% separates the upper and lower Bollinger bands, making this is the quietest #Bitcoin market since the lull in early January.
C98 analysis:
Price is respecting the small uptrend line. Price need to hold above the $0.145-$0.15 area and you can open small long positions here. We may see a move toward the $0.177-$0.184 resistance area.
The price drops to the $0.77 local support level and bounced from there. We hope you opened long positions and gave more than 20% profit. Price also breaks the $0.87 resistance level and now retesting it. If you missed the long positions then you can open a small long position here with tight stop loss. Also, increase the stop loss in $0.77 level long positions.
Читать полностью…Notice that #Celsius started selling altcoins. Try to not open long positions in these coins.
1.27M $LINK ($8.5M), 2.83M $SNX ($7.84M), 12,597 $BNB ($3M), 4.45M 1INCH ($2.26M), 8.53M $ZRX ($1.9M), and 439K $FTX ($713K) were transferred to #FalconX.
And 186,149 $BONE ($235K) was deposited into #OKEx.
Binance Completes Integration of Bitcoin (BTC) on Lightning Network, Opens Deposits and Withdrawals
https://www.binance.com/en/support/announcement/eefbfae2c0ae472d9e1e36f1a30bf340
Educational Post
What do you mean by “REKT”?
The term rekt derives from the word "wrecked." In general, rekt is a slang used to define something that got completely destroyed or a person that experienced a catastrophic failure. However, the term may carry different meanings depending on the context.
In the world of blockchain and cryptocurrencies, rekt is used to describe a severe financial loss, caused by a bad trade or investment. To illustrate, let’s suppose Alice is trading on margin and opens a big leveraged long position. If the market goes down and she gets liquidated, we may say "Alice got rekt." So, rekt is often used to describe someone that got liquidated after losing a high-leveraged trade.
The slang may also describe an asset that lost too much of its value or a market that dropped significantly (e.g., "this coin is rekt," or "the market is rekt").
Taking another example, imagine that Bob made a heavy investment on a cryptocurrency token through an ICO. But when the token finally hit the market, they were trading at a much lower price than Bob paid during the ICO crowd sale. In such a scenario, we may say that the token got rekt, which resulted in Bob and all bagholders getting rekt as well.
Within the online gaming community, the term rekt is usually describing a player (or team) that was defeated in an embarrassing or silly way. Or someone that is losing very badly in a competition. But, the oldest use of the slang is perhaps the one originally found in British English, where rekt was used when referring to a person that got too drunk or messed up.
AGIX is been tried to push higher and gave a breakout which turned it into the fakeout. Price reverse back into entry area, took you out at breakeven. A potential drop to the support zone at $0.226 - $0.233. Its a range now so wait for a breakout.
Читать полностью…FIDA analysis:
Price is rejected from the resistance area and unable to close a candle above the $0.27 level. The local support is $0.239-$242 area and we may see a test of this level.
The TOTAL marketcap broke the resistance area and the price retested it. We may see a move toward the $1.30 Trillion resistance area soon. We may see a continuation of the upward movement in altcoins for the next 2-3 days.
Читать полностью…Bitcoin is unable to close a candle above the resistance area. Price is again rejected from the resistance line and back in the trading range. BTC is able to hold the $30,000 support level and this is the only good news. Keep tight stop loss in all open long positions.
Читать полностью…DEGO analysis:
Price is trading in the uptrend channel and now testing the resistance area. If the price is able to break the $1.65 resistance area then we see a move toward the upper resistance line of the uptrend.