Crypto VIP Signal

22 июля 2023 20:10

SFP analysis:

Price is trading in a symmetric triangle and the triangle is becoming narrower. The support is $0.425-$0.43 area and a break below the $0.425 level will send the price toward the $0.37 level. The resistance is $0.46 and a break above this will bring good upward movement. Wait for a break of the symmetric triangle for new entries.

Crypto VIP Signal

22 июля 2023 12:50

Just-In: Tesla Retains Dogecoin As Payment Option; Removes Bitcoin

https://coingape.com/tesla-retains-dogecoin-as-payment-option-removes-bitcoin-news/?utm_source=Crypto+VIP&utm_medium=telegram

Crypto VIP Signal

22 июля 2023 08:50

Bitcoin continues to trade in the range. The price is trading near the support level. We might see a breakout anytime and this will be huge. Be prepared for a big move on either side.

Crypto VIP Signal

21 июля 2023 15:27

Educational Post

What do you mean by “Weak Hands”?

“Weak hands” is a term used to describe a trader or investor that lacks the confidence, resources, or ability to hold their positions or to stick with their trading plans. However, the term may be employed differently according to the type of market.

In both the Forex and cryptocurrency markets, “weak hands” is frequently used with a negative connotation, which describes the behavior of inexperienced and emotional traders. Usually, these traders present predictive trading patterns and strategies, which are frequently exploited by market makers and seasoned traders.

So we may define a “weak hands” trader as the one that buys or sells compulsively, driven by emotions rather than logic. They tend to exit positions when the market shows any sort of bearish behavior or due to bad news, often selling their assets for a loss. Such individuals don’t believe in the long term growth of their investments and can be easily “shaken out” by common price swings.

Crypto VIP Signal

21 июля 2023 11:50

The price is holding the support level and the daily candle also close above the support zone. The short setup is only valid after a daily candle close below the support level. Wait and watch for some time. The resistance area is mentioned on the chart.

Crypto VIP Signal

21 июля 2023 07:20

Check out #Binance Research's views and analysis relating to:
🔸 State of the market
🔸 Sector analysis (L1, L2, Stablecoins, DeFi, NFTs, Gaming, Fundraising, and more)
🔸 Key trends and developments

Read on ⬇️
https://research.binance.com/en/analysis/half-year-2023

Crypto VIP Signal

20 июля 2023 15:51

Just In: Britain Denies Calling Crypto As Gambling

https://coingape.com/britain-denies-calling-crypto-as-gambling-news/?utm_source=Crypto+VIP&utm_medium=telegram

Crypto VIP Signal

20 июля 2023 06:56

Very low movement on BTC. Looks like no one interested to make the move and waiting for a breakout. The volume is also going down and futures open interest is low. We are waiting for a clear direction for opening new trades. Just relax and sit for some action.

Crypto VIP Signal

19 июля 2023 16:10

Educational Post

What is a Sell Wall?

The term sell wall refers to a very large limit sell order or a cumulation of sell orders at one price level on an order book. It is the opposite of a buy wall, which refers to a large buy order or a cumulation of buy orders at one price level. 

While a sell wall can be created by a single entity, it can also be created by the sum of multiple orders placed at the same price level. Typically, when the sell wall is created by a single trader, they are referred to as a “whale.” Due to their large holdings, whales are often able to influence the price of an asset, and sell walls are one of the tools they may use to do that.

For example, if a trader places a sell order of 10,000 BTC at $5,000, the order book will show a big sell wall that will most likely prevent the price from going above the $5,000 mark. In other words, it would require a strong buying pressure and a significant amount of money to go through the sell wall and breach the $5,000 resistance. 

However, sell walls are often placed just to scare or cause certain impressions on other traders. This means that those orders are rarely filled in their entirety. In fact, whales often create and remove sell walls multiple times in an attempt to influence the price of an asset. For instance, a sell wall may induce other traders to place their selling orders below the wall, potentially causing a downward movement.

One way to quickly look at buy and sell walls is by looking at the depth chart. These charts are provided by most trading platforms as a graphical representation of the current order book, with all buying and selling orders that are visible within a certain range.

Crypto VIP Signal

19 июля 2023 11:02

Binance Earn System Maintenance Notice (2023-07-20)

https://www.binance.com/en/support/announcement/2c77643fd6fa4370938d6559a8980bc5

Crypto VIP Signal

18 июля 2023 19:45

ARB Analysis :

ARB moving up with the big uptrend channel pattern and made a small range. Price is on the way to break the range and the support zone too. The support is at $1.242 - $1.279. If daily candle closes below the zone, then shorting will be high probable setup. So wait for the Daily Candle closure.

Crypto VIP Signal

18 июля 2023 15:06

Binance Burning 1.99 Million BNB Tokens Worth $619M, Price Recovery Ahead?

https://coingape.com/binance-burning-1-99-million-bnb-tokens-worth-619m-price-recovery-ahead/?utm_source=Crypto+VIP&utm_medium=telegram

Crypto VIP Signal

18 июля 2023 10:43

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.

Crypto VIP Signal

17 июля 2023 19:47

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.

Crypto VIP Signal

17 июля 2023 13:15

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.

Crypto VIP Signal

22 июля 2023 15:36

Educational Post

What is Zero Knowledge (zk) Proofs?

A zero-knowledge proof, sometimes also referred to as a zk protocol, is a verification method that takes place between a prover and a verifier. In a zero-knowledge proof system, the prover is able to prove to the verifier that they have the knowledge of a particular piece of information (such as the solution to a mathematical equation) without revealing the information itself. These proof systems can be used by modern cryptographers to provide increased levels of privacy and security.

The concept of a zero-knowledge proof was first described in a 1985 MIT paper, published by Shafi Goldwasser and Silvio Micali. They demonstrated that it was possible to prove some properties of a number without disclosing the number or any additional information about it. This paper also introduced the mathematically significant finding that interactions between a prover and a verifier could reduce the amount of information required to prove a given theorem. 

A zk proof must fulfill two basic requirements known as completeness and soundness. Completeness refers to the ability of the prover to demonstrate knowledge of the relevant information to a high degree of probable accuracy. For the proof to be sound, the verifier must be able to reliably determine whether or not the prover is actually in possession of the information. Finally, in order to be truly zero-knowledge, the proof must achieve both completeness and soundness without the information in question ever being communicated between the prover and the verifier.

Zero-knowledge proofs are mostly used for applications in which privacy and security are essential. Authentication systems, for example, can employ zk proofs to verify credentials or identities without directly divulging them. As a simple example, it can be used to verify that a person has a password to a computer system without the need for disclosing what the password. 

Crypto VIP Signal

22 июля 2023 12:13

CHR broke the small downtrend line. If you have opened long positions then increase your stop loss and hold the position. You can book some profit at the resistance area.

Crypto VIP Signal

21 июля 2023 19:58

GMT Analysis :

GMT flipped above the support zone of $0.236 - $0.255 and broke out of the downtrend channel. Price also hodling above the small trendline and more prone to consolidation. Wait for a strong breakout and price to form new market structure.

Crypto VIP Signal

21 июля 2023 13:53

Bitcoin volatility is at a minimum. Similar level to early January, when it moved from $16k to $21k

Generally these volatility squeezes are followed by big moves.

Crypto VIP Signal

21 июля 2023 08:32

Bitcoin gave a fakeout above the resistance area on the daily chart. Price is respecting the local support of $29,500-$30,000 area. If BTC breaks below $29,500 on the daily chart, we see a heavy sell-off in the market. A daily candle close above $31,000 will bring a good rally in the market.

Crypto VIP Signal

20 июля 2023 19:04

LINK Analysis :

LINK tapped inside the major resistance zone of $7.92 - $8.20. Well, its a daily candle so wait for rejection to happen and if candle closed below the zone, you can short the position here with tight stops. Next structural support is at $4.18.

Crypto VIP Signal

20 июля 2023 12:25

In 2022, the Bitcoin  Realized Cap drawdown reached the second deepest value of -18.8%, demonstrating the magnitude of the bear market.

Recovery of the Realized Cap ATH in prior cycles has taken between 95 and 239-days, with the recovery so far occurring at a similar rate.

Crypto VIP Signal

19 июля 2023 20:03

QUICK analysis:

Price is trading in the broadening uptrend channel and trading above the $68.70-$71.40 support area. The local resistance is the $81.50 area and a break above this will send the price toward the $100 major resistance area.

Crypto VIP Signal

19 июля 2023 14:25

The price bounced from the support level. There is a small resistance line and the price is unable to break above this. Increase the stop loss to the breakeven point and hold the position.

Crypto VIP Signal

19 июля 2023 08:10

Bitcoin tested the support area and was able to hold this level. BTC is respecting this range on every support and resistance level. Tight stop loss is recommended in all open positions.

Crypto VIP Signal

18 июля 2023 16:35

Educational Post

What is Seed Phrase?

A seed phrase is a collection of words that can be used to access your cryptocurrency wallet.

You’ll often hear the terms mnemonic seed or mnemonic phrase used to describe the same idea. Some believe that these are poor descriptors, however, as they imply that the phrase needs to be memorized.

Introduced in Bitcoin with BIP39, seed phrases provide users with an easier way of backing up their wallets.

If ever you lose access to your wallet, these can be loaded into any BIP32-compatible wallet to recover your funds. There are 2048 words on the BIP39 wordlist, meaning that a string of 12 words would have 128 bits of security. This means that an attacker would need to perform 2128 operations to guess a 12-word seed. It may look like a small number, but it certainly isn’t. It’s practically infeasible for even the most well-resourced attackers to crack this sequence. The longer the seed, the more secure it is.

Seed phrases – as opposed to private-keys – leave less room for human error when it comes to backups, as they're easier to record and transmit. Better still, they’re capable of generating not just one, but a colossal amount of keys from a master one. This allows users to avoid address reuse as, with a single seed, they can create a seemingly infinite number of receiving addresses.

Seed phrases are not cryptocurrency-specific. They can be used across hundreds, so that one seed can actually be used to recover an entire portfolio of coins and tokens. The majority of leading wallets allow the user to recover their funds with a seed phrase, provided they have correctly recorded it.

Crypto VIP Signal

18 июля 2023 14:26

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.

Crypto VIP Signal

18 июля 2023 08:00

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.

Crypto VIP Signal

17 июля 2023 15:16

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."

Crypto VIP Signal

17 июля 2023 11:10

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.