Crypto VIP Signal

10 февраля 2024 15:51

Educational Post

What is Confirmation Time in Blockchain?

Confirmation time is the period between when you send a transaction on a blockchain network and when it's recorded and confirmed in a block. It's like waiting in line: the longer the line, the longer you wait.

To speed up confirmation, you can offer a higher transaction fee to miners, giving them an incentive to process your transaction faster.

Confirmation time helps measure a blockchain's speed, but it can vary due to factors like network congestion and transaction fees. It's best to calculate an average confirmation time based on recent blocks.

Once your transaction is in a block, it needs to be validated by other nodes. Each new block on top of it adds another confirmation.

For security, it's recommended to wait for multiple confirmations before considering a transaction final. Bitcoin users typically wait for at least 6 confirmations, but other chains may require more.

Crypto VIP Signal

09 февраля 2024 20:07

ARK analysis:

The price is currently moving towards the resistance area. We should observe how the price behaves when it reaches this area. It is advisable to wait until a candle has closed above the resistance area before making any new entries. If the price is rejected at the resistance area, it will likely move towards the support area.

Support Area: $0.626-$0.669

Resistance Area: $0.88-$0.905

Crypto VIP Signal

09 февраля 2024 09:53

DOT was able to break the downtrend line and make a successful retest. We anticipate a continuation of the upward movement towards the major resistance area. Hold your long positions with a trailing stop loss.

Major Resistance Area: $7.55-$7.90

Crypto VIP Signal

08 февраля 2024 13:03

BNB is breaking out of the symmetric triangle pattern, but it's prudent to wait for a candle close above the trendline to confirm the breakout. If confirmed, we might witness a move towards the resistance area, and it's essential to observe how the price reacts upon reaching that level. The support and resistance levels remain unchanged for now.

Crypto VIP Signal

07 февраля 2024 13:46

Bitcoin Dominance has broken above the resistance area and is currently trading above it. This has put pressure on altcoins, limiting their movement. However, if Bitcoin Dominance can fall back below the 51.90%-52.20% level, we may see some upward movement in altcoins. We'll need to monitor this level closely to gauge the potential for altcoin movement in the near future.

Crypto VIP Signal

06 февраля 2024 19:48

QNT Analysis:

Price is currently hovering close to a significant support zone. There could be some accumulation happening at this support level before the next significant move. Consider placing buy orders within this zone, ensuring tight stop-loss measures are in place, and wait for further price action.

Support Area: $95.5-$99.5

Resistance Area: $126-$132

Crypto VIP Signal

05 февраля 2024 06:19

Bitcoin is currently consolidating in a symmetric triangle pattern on lower time frames, which suggests that a crucial decision point is approaching. The direction of the next move will be determined by the breakout from this triangle. The support and resistance levels remain the same, and we should closely monitor any potential price action.

Crypto VIP Signal

04 февраля 2024 12:34

LPT moved towards the resistance area and was rejected from there. We might see a move towards the support area in the coming days, which is the zone for new entries. The support and resistance level remains the same, Better to wait for some time for new positions.

Crypto VIP Signal

03 февраля 2024 13:31

DOT analysis:

The price has recently rebounded from the support zone and is now moving towards the resistance area. It remains to be seen how the price will react when it tests the downtrend line. If the price breaks above the downtrend line, it will likely continue to rise towards the major resistance area.

Major Resistance Area: $7.55-$7.90

Crypto VIP Signal

03 февраля 2024 07:40

Bitcoin is currently hovering near a resistance area, and we may witness a significant price movement in either direction soon. The selling pressure from Grayscale spot Bitcoin ETF has been decreasing. The support and resistance levels are unchanged. If the price breaks above the $43,500 level, it is likely to move towards $45,000.

Crypto VIP Signal

02 февраля 2024 07:21

Bitcoin has once again reached the resistance area and is currently trading there. A successful break above this area will be a bullish sign, while a rejection could lead to a drop towards the local support.

Crypto VIP Signal

01 февраля 2024 14:12

TRX analysis:

Price is trading in a rising wedge and we will see a break of this pattern soon. The rising wedge is a bearish pattern so better to use tight stop loss in all open positions.

Support Area: $0.100-$0.105

Resistance Area: $0.117-$0.121

Crypto VIP Signal

30 января 2024 19:03

ONG analysis:

Price is now trading at the support zone. There is a descending triangle formed on the daily timeframe. We are near the decision area and will see a breakout soon. Better to wait for a break on either side before opening any position in ONG.

Support Area: $0.30-$0.32

Resistance Area: $0.35-$0.36

Crypto VIP Signal

30 января 2024 07:47

Bitcoin is currently testing the daily resistance area and signaling a potential breakout. A bullish candle close above this level may propel the price towards the $45,000 level. Conversely, a rejection from this point could lead to a move towards the local support area.

Crypto VIP Signal

29 января 2024 10:10

GRT is been rejecting the support area strongly and now kinda forming the Inverse Head & Shoulder Pattern, which is a reversal pattern. Now, price need to flip above the Structural resistance zone of $0.16, to turn the structure bullish and break of the pattern too. Setup can be taken in the retest after the breakout.

Crypto VIP Signal

10 февраля 2024 13:22

BAT approached the resistance area but encountered rejection, indicating potential downward movement. A move towards the support area is likely, presenting an opportunity to consider opening long positions. It's advisable to wait for further confirmation before entering new trades.

Crypto VIP Signal

09 февраля 2024 12:08

Bitcoin transfer volumes are still strong, processing about $7.7 billion per day.

Large entities are more active, with the average volume per entity hitting $25.8k per transaction. The peak volume per entity is $38k

Crypto VIP Signal

09 февраля 2024 07:36

Bitcoin has continued its upward movement and the price has been able to break above the $45,000 level. In the coming days, we may see a test of the major resistance zone at $48,000. The $45,000 level will now function as a support and a test of this zone is possible.

Crypto VIP Signal

08 февраля 2024 08:29

Bitcoin has moved as anticipated following the breakout, and it is currently trading near the $45,000 resistance level. The reaction at this resistance area will be crucial to determine the next course of action. A successful break above $45,000 could propel the price towards the $48,000-$50,000 range, while a rejection may lead to a decline towards the $40,000-$42,000 support area.

Crypto VIP Signal

06 февраля 2024 21:40

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Crypto VIP Signal

05 февраля 2024 09:19

TRX is currently testing the upper boundary of a rising wedge pattern. A breakout from this pattern could propel the price toward the $0.15 resistance level. Keep a close eye on how the price reacts and whether it manages to close a candle above the rising wedge trendline. This breakout could signal potential upward momentum.

Crypto VIP Signal

04 февраля 2024 19:45

BONK analysis:

The price has reached the support area and appears to be entering an accumulation stage. Consider initiating a small long position with a tight stop loss. A potential bounce is anticipated, given the downtrend observed since the all-time high.

Support Area: $0.000009230-$0.00001026

Resistance Area: $0.0000165-$0.0000177

Crypto VIP Signal

03 февраля 2024 19:40

SPELL analysis:

It appears that the price has broken below a major support area, indicating a potential continuation of the downtrend. Consider placing buy orders in this support area and waiting for a possible reversal.

Major Support Area: $0.000378-$0.000417

Resistance Area: $0.00051-$0.00053

Crypto VIP Signal

03 февраля 2024 09:11

The funding rate premium for ETH futures is relatively higher than Bitcoin's, indicating a greater risk premium for Ether. Over the past three months, ETH funding rates surpassed BTC's, but there hasn't been a significant increase recently. This suggests a lack of substantial speculative interest in expecting higher price movements for Ether. Notably, spikes in the ETH-BTC funding rate spread above its 1-year average tend to align with local peaks for ETH prices.

Crypto VIP Signal

02 февраля 2024 20:13

QUICK analysis:

Price is trading in a downtrend and we may see a move towards the support area. This is no trade zone and it is better to wait for some time for new entries.

Support Area: $0.0436-$0.045

Resistance Area: $0.053-$0.055

Crypto VIP Signal

01 февраля 2024 16:38

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Crypto VIP Signal

01 февраля 2024 10:54

MATIC Analysis:

The price has formed a Head & Shoulders pattern on the daily timeframe, which typically signals a bearish trend. To avoid further downward movement, the price must hold the support level; otherwise, there's a potential for a decline towards the next major support area ranging from $0.495 to $0.515. If you're considering opening a long position, it's advisable to place your orders near the support area and implement tight stop-loss measures.

Support Area: $0.72-$0.75

Major Resistance Area: $1.04-$1.09

Crypto VIP Signal

30 января 2024 12:10

ADA has made a strong rebound from the support area, securing a remarkable gain of over 19% in our long position. It's advisable to raise your stop loss and maintain your long positions. With the current breakout from the resistance area, anticipate a move towards the significant resistance zone ahead.

Major Resistance Area: $0.588-$0.60

Crypto VIP Signal

29 января 2024 13:47

The BAND has bounced from the support area just as we expected. Our long position has generated a profit of over 17% since we entered the trade. If you have opened long positions, increasing your stop loss and holding the trade is recommended. We anticipate a move towards the resistance area shortly.

Support Area: $1.33-$1.507

Resistance Area: $1.84-$1.88

Crypto VIP Signal

29 января 2024 07:47

Bitcoin recently tested the local support area and experienced a bounce. The resistance level remains unchanged, and there is an anticipation of a potential test of this resistance level in the near future. It is also plausible that BTC may exhibit sideways movement within the local support and resistance areas.

Local Support: $41,580 - $41,800

Daily Resistance Zone: $43,000 - $43,500