A massive 600,000 BTC has changed hands between the $66.2k and $66.9k price levels. This significant trading volume at these levels highlights strong market activity and resistance in the price range.
Читать полностью…The sideways movement in Bitcoin is ongoing, and we may see a move towards the resistance area. It is crucial to monitor whether BTC is able to break above $60,000. A break above $60,000 would be bullish and will bring positive sentiment to the market.
Читать полностью…PYTH tested the support area as expected and bounced from there. I hope you opened a long position at the support area. The long positions are now more than 25% in profit so you can hold the trade with a trailing stop loss.
Resistance Area: $0.320-$0.335
Bitcoin's buying pressure persists as the price reaches the $57,000 level. Some sideways movement is expected, with a potential push towards the $59,000-$60,000 resistance area.
Читать полностью…Educational Post
What Are Bonds?
A bond is a debt security, similar to an IOU. When you purchase a bond, you are essentially lending money to the issuer, which could be a government, municipality, or corporation. In return for your loan, the issuer agrees to pay you interest (referred to as the coupon) at regular intervals and to return the principal amount (face value) when the bond matures.
Types of bonds
1. Government bonds: Issued by national governments. Examples include US Treasury bonds, UK Gilts, and German Bunds.
2. Municipal bonds: Issued by local governments or municipalities to fund public projects like schools and highways.
3. Corporate bonds: Issued by companies to raise capital for expansion, operations, or other business activities.
4. Savings bonds: Typically low-denomination bonds issued by governments for small investors.
How Do Bonds Work?
Issuance and pricing
When bonds are issued, they have a face value, a coupon rate, and a maturity date. The face value is the amount the bond will be worth at maturity, and the coupon rate is the interest rate the issuer will pay the bondholder. Bonds are sold in the primary market when they are first issued and then traded in the secondary market.
The primary market is where investors purchase bonds directly from the issuer, such as a government or corporation. After the initial sale, bonds can be traded among investors in the secondary market, where prices fluctuate based on factors like interest rates, economic conditions, and the issuer's creditworthiness. The secondary market provides liquidity, enabling investors to buy and sell bonds before they mature.
Interest payments
Bondholders receive interest payments at regular intervals, typically semi-annually or annually. These payments are a fixed percentage of the bond's face value. For example, a bond with a face value of $1,000 and a coupon rate of 5% will pay $50 per year. An example of this is a US Treasury bond with a 10-year maturity and a coupon rate of 2%, which would pay $20 annually on a $1,000 bond.
Maturity
The maturity date is when the bond issuer must repay the bond's face value to the bondholder. Bonds can have short-term maturities (less than 3 years), medium-term maturities (3-10 years), or long-term maturities (more than 10 years).
For instance, a short-term corporate bond issued by Apple might mature in 2 years, while a medium-term municipal bond from the city of Los Angeles could have a 7-year maturity. Long-term bonds, such as a 30-year US Treasury bond, mature after three decades.
Bitcoin dominance has broken the triangle pattern and is continuing its upward movement. As a result, altcoins are dumping and we may see further declines. There are no signs of weakness, so we can expect further upward movement in Bitcoin dominance. Make sure to set tight stop losses in all open trades.
Читать полностью…As we predicted, Bitcoin and the crypto market have bottomed out and started pumping right after our message. We've seen a solid recovery across almost all altcoins, with some coins jumping more than 30% from the bottom. Hope you filled your bags! Now, you can hold your trades with a trailing stop loss or book partial profits. The USA market is showing some strength and hoping it will end the dump.
Читать полностью…It appears the local bottom is in. We might see a small relief rally in BTC and altcoins. Consider buying SOL, BNB, and other trending coins for quick gains.
Читать полностью…MOVR analysis:
Price retested the resistance line and was rejected. It has now reached the lower support zone, and you can open a small long position here with a tight stop loss. We may see a bounce from there.
Support Area: $7.40-$7.90
Resistance Area: $11.20-$12.20
Long-term investors currently hold 45% of the network wealth, a relatively high level compared to near macro cycle topping events. This indicates that LTHs are in HODL mode, patiently waiting for higher prices to divest into market strength.
Читать полностью…Bitcoin has once again tested the support area, and the good news is that the price holds this level. We may see some sideways movement in the market for now. Keep an eye on the support area. Altcoins look oversold, so you can consider building long positions in your favourite coins.
Читать полностью…Bitcoin whales have made a significant move, withdrawing 64,000 BTC from exchanges. This marks the largest accumulation since 2015, signaling strong confidence in the market.
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BNB analysis:
Price is currently trading in a downtrend channel and respecting the support and resistance lines. The local resistance is at $500, and we will see a continuation of the upward movement if the price is able to break above this level.
SAGA analysis:
Price has rebounded from the support area and is now approaching it again. Consider opening a long position at the support area with a tight stop loss.
Support Area: $0.840-$0.890
Resistance Area: $1.10-$1.15
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ACE analysis:
Price experienced a sharp decline as the entire crypto market dropped. It is now attempting to reclaim the support area. Let's see if the price can hold this level or not.
Support Area: $2.15-$2.25
Resistance Area: $2.60-$2.70
The Market Value to Realized Value (MVRV) is a key metric in assessing the unrealized profit or loss of an asset. When MVRV falls significantly below its average, it signals heightened unrealized losses among holders. This can be an early indicator of sell-side pressure, as substantial unrealized losses often lead to actual selling by short-term holders.
Читать полностью…Bitcoin quickly surged past the $50,000 mark, indicating strong buying pressure. However, it then experienced a rapid drop below $50,000, liquidating many trades. This correction was necessary to rebalance the market and clear out one-sided positions. The global markets are also displaying positive signs of recovery, which is likely to be reflected in the crypto market as well.
Читать полностью…Crypto Market in a Blink!
Double-digit drops across the board! Fingers crossed that the dump is over and we’ll see a recovery rally soon.
Bitcoin is experiencing a sharp decline without showing any signs of strength. The price broke below the key level of $50,000 but quickly rebounded. For a positive outcome, BTC needs to close the candle above $50,000; otherwise, things will take a turn for the worse. It's advisable to keep accumulating during dips.
Key Support Area: $50,000-$51,000
Educational Post
What Is a Burner Wallet?
A burner wallet is a temporary crypto wallet that users create for potentially risky interactions with various blockchain applications. Burner wallets are not meant for storing large amounts of crypto but should contain just enough for a single or a few interactions.
How Do Burner Wallets Work?
Burner wallets can be created using hierarchical deterministic (HD) wallets, which can generate numerous accounts from a single secret seed phrase. Every account within an HD wallet has its own private key but is managed under the same seed phrase.
To use a burner wallet, you can generate a new account specifically for working with potentially risky blockchain applications or smart contracts. The key is to reduce risks by keeping your primary wallet and funds separate from these activities. For example, you could create a burner wallet when participating in new airdrops or when interacting with a new smart contract that was not audited.
By segregating your assets into different types of accounts, such as a primary account for storing most of your assets and a separate burner account for risky interactions, you ensure that even if a burner wallet is compromised, your main wallet and most of your crypto stored on it remain secure.
Benefits of Burner Wallets
Safe browsing
Users often explore new blockchain platforms, but they tend to have vulnerabilities or scam projects. Using a burner wallet when engaging with these new applications is crucial to ensure that even if a platform is malicious or compromised, most of your crypto assets remain secure.
Protection against malicious smart contracts
By using a burner wallet to interact with smart contracts, you can isolate the potential risks to a separate disposable account. This safeguards your main wallet from being drained in case of faulty smart contracts.
Conclusion
Burner wallets are temporary cryptocurrency wallets that users can use to mitigate the potential risks related to interactions with various blockchain applications. Burner wallets offer benefits in the form of protection against potentially malicious smart contracts and an ability to safely engage with new and untested blockchain applications.
PYTH was rejected from the resistance area and then dumped. We advise you to wait for a clear breakout. There may be a bounce from the support area, which is the zone for new entries.
Support Area: $0.23-$0.26
XVS analysis:
The price broke below the support area and is now dropping sharply. It's currently not a good trading zone, so waiting for a test of the lower support area is better.
Support Area: $5.60-$5.75
Resistance Area: $6.40-$6.65
ARPA was unable to hold the support area and broke below the trendline. The price also retested the trendline and is now heading down. This is a no-trade zone, and it's better to stay away for now.
Support Area: $0.032-$0.033
Bitcoin dropped to the lower support area as expected. The price took the liquidity from the lower support area and surged from there. BTC needs to hold the $59,000-$60,000 support zone at all costs; otherwise, we might see a heavy dump.
Читать полностью…ETH is currently testing a major support area. The price needs to hold the support area to remain positive. There is selling pressure from Grayscale after the approval of the spot ETF, similar to what we experienced when the BTC spot ETF was launched. It may be a good idea to accumulate some ETH around the support area.
Support Area: $2850-$3000
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