DOT is testing the resistance of the $5.10-$5.25 area. A break above $5.25 is bullish and pushes the price towards $5.85-$6.05 resistance. If you have long positions then increase the stop loss and hold the trades.
Читать полностью…BOND analysis:
Price gets a hard rejection from the resistance area. The local support is $3.20-$3.25 area and good support is $2.65-$2.85 area. Still, there is no strength shown by the price. Better to wait for new entries.
TRX bounced from the support area and reached the resistance area. If you have opened long positions then increase your stop loss to buying price and hold this trade. A break above the $0.075 resistance is bullish and pushes the price toward the $0.082 area.
Читать полностью…FLUX break the resistance area of $0.476 and now retesting it. You can open a small long position here with tight stop loss. The next resistance is the $0.50-$0.51 area.
Читать полностью…Bitcoin tried to break above the resistance area but the wick showed stop loss hunting and liquidations. Wait for a clear breakout above the resistance area for more upward movement. If the price rejects from here then we see a move toward a $28,500 support area.
Читать полностью…The U.S. SEC has granted approval for the first of the inaugural leveraged #Bitcoin futures ETF in the United States.
Читать полностью…The TOTAL2 (altcoin marketcap) kissed the support level and bounced from there. Price also broke the $540-$545 Billion resistance area and now holding above it. The next major resistance is the $595-$615 Billion area and if the Altcoin marketcap broke above this resistance then we see a good rally.
Читать полностью…Looks like the price is rejected from the resistance area. We may see some sideways movement before again a test of the resistance area. The market is bullish as long as BTC holds above the $28,500 level.
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Shark entities (100 to 1k BTC) are seeing positive balance change, absorbing volumes equivalent to 36% of mined supply.
Whale entities on the other hand (> 1k BTC) join Miners as net distributors, releasing a volume equivalent to 70% of the mined supply from their holdings.
BNB is now testing the resistance area. If the price is able to break above $270 and the daily candle close above this level then we open new long positions. Wait for a breakout above the resistance area or rejection from here for new entries.
Читать полностью…CTSI analysis:
Price bounced from the support of $0.112-$0.121 area. CTSI broke the local resistance of $0.14 and now moving toward the next resistance of the $0.156-$0.164 area. This is no zone for new entries.
Bitcoin Dominance continues the uptrend as expected. Bitcoin is pumping and dominance is going up with it. We may see a downtrend in Dominance once BTC is stable in a range.
Читать полностью…BTS analysis:
Price is holding the major support of the $0.0072-$0.00765 area. The local resistance is $0.0093-$0.0097 area and we may see a move toward this level.
TRX analysis:
Price is now heading toward the support of the $0.067-$0.068 area. Price need to hold this support level otherwise we see a move toward the $0.0627 support level. You can open a small long position near the support area with tight stop loss. The first resistance is the $0.0741-$0.075 area.
Bitcoin is again trying to break the resistance area. The Bulls are trying hard to not lose this time. A break and daily candle close above this resistance area is bullish and will bring another pump in BTC. If the price stables here for 2-3 days then we see a good move in altcoins.
Читать полностью…The #Bitcoin monthly Transfer Volume has overtaken the yearly averaged baseline for the first time since the LUNA implosion.
This suggests an expansion in on-chain activity, typical of improving network fundamentals, and growing network utilization.
Breaking: BlackRock, Ripple, Nasdaq Among 363 Sales Parties Interested In FTX 2.0
https://bit.ly/44iJi3E
Crypto exchange Binance has been ordered by Belgium’s Financial Services and Markets Authority (FSMA) to cease providing any crypto exchange and custody wallet services in the country. The Belgian financial regulator stressed that it “takes the view that by offering such services in Belgium from countries that are not members of the European Economic Area, Binance is in violation of that prohibition.”
Читать полностью…UNFI analysis:
Price is heading toward the resistance of $3.88-$4.00 area. This is the zone for profit booking if you have any long position open. The local support is $3.40 and major support is $3.00 area.
LTC continues the uptrend and the price touched the $89-$90 resistance area. If the price is able to break the $90 level then we see a move toward the $100-$105 resistance area. Keep building position in LTC for mid-term.
Читать полностью…LIT analysis:
LIT bounced from the major support area on the daily chart. Price is slowly moving toward the local resistance of the $0.75-$0.77 area and we may see a test of this zone soon. Open long positions only if the price falls to the $0.64 support level.
Crypto Liquidation Hits $216 Million As Bitcoin Leap Towards $31K
https://bit.ly/43UuhoA
FLUX broke the $0.437 resistance level and the price is now moving toward the $0.471-$0.476 resistance area. You can open a long position if the price drops back to the $0.431-$0.437 area with a tight stop loss.
Читать полностью…Bitcoin pumped hard after the breakout and the price reached the $30,500-$31,000 resistance area. As expected price continues the upward movement. BTC has reached the major resistance area and a break above the weekly resistance of $32,000 is extremely bullish. We may see some positive movement in altcoins if BTC stables in a range.
Читать полностью…Educational Post:
What Are Crypto Trading Bots?
Crypto trading bots are automated software tools designed to handle the buying and selling of cryptocurrencies based on predetermined parameters with the aim of generating profits.
These bots typically analyze and process various market data such as price, volume, orders, and timeframes. This information is utilized to fine-tune their operational parameters and align them with specific trading strategies and objectives.
Trading bots are prevalent not just in the crypto market, but also in traditional financial markets. They remove human emotions like fear and greed that can often get in the way of making unbiased trading decisions. But despite being designed to trade based on programmed settings, trading bots aren't a surefire way to make a profit and still require monitoring and tweaking for optimal performance.
Finally, BTC was able to break the falling wedge pattern and the price is now trying to break the $29,000 resistance level. This is a good sign and we may see more upward movement this week. Altcoins will show some positive movement when Bitcoin goes sideways.
Читать полностью…SHIB analysis:
SHIB broke the major support on the daily chart and the price is now retesting it. You can try a small short position here with tight stop loss. We may see a move toward 500-540 (a lot of zeroes) major support area before a bounce back.
Bitcoin is now testing the resistance line of the falling wedge pattern. Let's see if Price is able to break the resistance area. If the price rejects from here then we see a move toward $26,000 again.
Читать полностью…