Bitcoin is experiencing a downward trend but is currently maintaining support. There is no need to panic as BTC is holding its support. Let's observe how the price behaves in the upcoming weeks.
Читать полностью…The altcoin market cap (TOTAL2) is gradually increasing as expected. Some altcoins are demonstrating strong performance as BTC continues its sideways movement. A rally in altcoins is imminent.
Читать полностью…Bitcoin is currently trading sideways, but we anticipate a move towards the $65,000 resistance area. The US market is displaying positive movement, and we expect a similar trend in BTC.
Читать полностью…📊 Bitcoin Spot Trade Market Share Update:
Over the past 12 months, Binance's share of all bitcoin exchange spot trades dropped from approximately 67% to closer to 30%. So, who captured the market share from Binance?
Here's the increase in market share of spot volumes over the past 12 months:
- Bybit: +20%
- Coinbase: +3%
- Rest of Market: +15%
The landscape is shifting!
DOT retested the support area as expected and bounced from there. We hope that you accumulated some DOT at the support area. Hold the position as we may see a move towards the resistance area.
Resistance Area: $6.80-$6.95
UNFI analysis:
The price is currently approaching the resistance area, so it's best to wait for a test of the resistance area to see how the price reacts.
Support Area: $3.94-$4.10
Resistance Area: $5.47-$5.85
MATIC is approaching a major support area, and we might see some sideways movement/accumulation for a few days. If you missed out earlier, you can consider accumulating some now.
Читать полностью…OM ANALYSIS :
OM is ranging between the support and resistance area at $0.75 - $0.76 and $0.63 - $0.5 respectively. Right now, price going though a consolidation area, a breakout will need to decide the direction now, so eyes on break out.
Bitcoin Miner capitulation has reached levels comparable to December 2022 with a 7.6% drawdown.
December 2022 marked the cycle bottom after the FTX collapse. Could this be another major turning point?
Bitcoin dropped to the support area and bounced from there. As expected, BTC is moving sideways at the support area. Less volatility is expected over the weekend.
Читать полностью…OMNI dropped to the support area again and bounced from there. If you have opened long positions, increase your stop loss and hold the trade. The support and resistance levels remain the same.
Читать полностью…Nothing has changed in the market, and BTC continues to move sideways. We may see the same movement over the weekend. Keep an eye on the support and resistance levels.
Читать полностью…At the time of writing, LTH-NUPL is at 0.66, which resides between levels associated with the pre-euphoria phase 🟢. This condition has been in play for 96 days, a very similar duration to the 2016-17 cycle.
Читать полностью…The price of SOL dropped below the support area to trigger stop losses. It is now trading above the support area, signalling a positive trend. Consider accumulating SOL if it retests the support area.
Читать полностью…STX analysis:
Price is forming a falling wedge pattern on lower time frames. STX has been rejected from the local resistance area, indicating a potential continuation of the downtrend.
Support Area: $1.45-$1.50
Local Resistance Area: $1.80-$1.93
XLM analysis:
The price is currently testing the resistance area. We will see if it can break above it. If there's a rejection, the price will likely move towards the lower support area. A break above the resistance area is considered bullish. It's advisable to wait for new trading opportunities.
Support Area: $0.0817-$0.0836
Resistance Area: $0.0944-$0.0962
📊 Big News! Yesterday, US spot Bitcoin ETFs saw a massive $130 million in net inflows, marking the largest influx in three weeks!
Читать полностью…QNT analysis:
Price is currently in a downtrend and is unable to hold the major support area. QNT is now heading for a retest, and we will see if the price is able to break this level or not.
Support Area: $63.5-$67.5
Resistance Area: $82.7-$84.8
XRP analysis:
Price is currently trading at a major support area on the daily time frame. There might be some accumulation at the support area, so you could consider opening a small long position there.
Support Area: $0.45-$0.473
Resistance Area: $0.569-$0.592
Bitcoin began the week with a strong upward movement. The price bounced after testing the support area and is now heading towards the resistance zone. Whether the upward movement continues or not will be determined by the US market opening. Let's observe how the price reacts.
Читать полностью…71 days after the halving and Bitcoin is still on track for a 2016-2017 bull run. This rally is just warming up.
Читать полностью…Bitcoin is still trading sideways with no market changes. The support level is $60,000, and the market remains above it. Potential movement is expected on Monday with the opening of global markets.
Читать полностью…Educational Post
All or None Order (AON)
An All or None order, often abbreviated to AON is an order made on a financial exchange to buy or sell a volume of assets for a set price. However, unlike other order types such as a market order or limit order, an All or None order is placed with a specific instruction as to how that order should be filled.
As the name suggests, an AON order, once placed, must either be filled in its entirety or not at all. This prevents any partial filling of orders and gives the buyer or seller the confidence of the fixed execution price for the entire volume.
This type of orders can be used, for instance, in algorithmic trading as a way to gauge the directional trend of a market and to prevent partial fill situations, which may happen when a market presents high levels of volatility with low volumes, such as during a flash crash type event.
DOT analysis:
Price has broken out of the falling wedge pattern on the 4-hour chart, indicating a positive signal. A test of the support area may occur, providing an opportunity to accumulate near the support area.
Support Area: $5.95-$6.10
Resistance Area: $6.80-$6.95
IMX analysis:
Price broke below the support area, forming a small triangle pattern. The small uptrend line is working as a support. Let's see if it can hold this level.
Support Area: $1.45-$1.48
Resistance Area: $1.67-$1.78
The altcoins market cap (TOTAL2) is gradually increasing and reclaiming the trendline. We may witness a continuation of the upward movement in altcoins. Increase your stop-loss and maintain the trades.
Читать полностью…ARB analysis:
Price broke below a major area and is now attempting to reclaim it. Let's see if the price can break above this area or not. Only open long positions after a break and close above this level.
Resistance Area: $0.843-$0.857
DOGE analysis:
Price is currently trading near a major support area. Consider accumulating some DOGE at this level, as we anticipate a potential move towards the resistance trendline.
Support Area: $0.113-$0.120
Resistance Area: $0.145-$0.148
Bitcoin is currently consolidating above the support level, and we might experience further sideways movement. Let's observe price action over the next 2-3 days.
Читать полностью…Yesterday was a rough day for Bitcoin, marking the third largest loss day of the year. The market experienced significant sell-offs, leading to a sharp decline.
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