Short-term investors sent a total of $4 billion to exchanges to take profits on February 8 and 9 (last Thursday and Friday). Bitcoin absorbed the selling pressure and now moving upwards.
Читать полностью…GALA analysis:
The price had bounced back from the support area and tested the resistance area. However, GALA encountered significant selling at the resistance area which caused it to reject from there. It is predicted that there might be another test of the resistance area and we should wait and see if the price can break above it. It is recommended to wait for some time for new entries.
Resistance Area: $0.0246-$0.0253
BTC buyers from the 2021 bull cycle have finally reached breakeven.
While some may feel anxious, most long-term holders are resolute in their commitment to hodl, as evidenced by numerous on-chain data.
BONK has rebounded from the support area as anticipated. Our long position has achieved a peak profit of over 40% from our entry point. It is recommended to hold onto the long positions while using a trailing stop loss as we may see a move towards the resistance area, which is the zone for profit booking.
Resistance Area: $0.0000165-$0.0000177
IDEX analysis:
The price has rebounded from the support area, indicating it may move towards the local resistance area. You can either place your buy orders in the support area or wait for a break above the local resistance area to enter the market.
Support Area: $0.047-$0.049
Local Resistance Area: $0.060-$0.062
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.
Читать полностью…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
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.
Читать полностью…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-$42,000 support area.
Читать полностью…1000$ Giveaway For Crypto VIP family:-
Participate here -
https://twitter.com/CryptoVIPsignal/status/1754965645899522448?t=lyzNA-hGMOlf36ARlH4SRA&s=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.
Читать полностью…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
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
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.
Читать полностью…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
Bitcoin faced rejection at the $50,000 level and is currently trading below it. Significant selling pressure is observed at the $50,000 level. We anticipate a test of the local support area before the next significant move.
Читать полностью…Educational Post
What is Security Audit?
A security audit consists of a systematic analysis of an application, system, or database to evaluate how solid and safe it is. In the context of blockchains, security audits consist of a peer review of a smart contract or blockchain code to identify potential bugs or flaws.
Considering the traditional definition, a security audit investigates processes according to a predetermined guideline or in relation to a standard, such as the Common Criteria for IT Security Evaluation. Many companies perform security audits as a way to ensure that their systems are strong enough against potential leaks, intrusions, or cyberattacks.
Other than that, security audits are very important in determining regulatory compliance because they make it clear how a company or institution is handling and protecting sensitive data. The audits may also examine physical access to the company’s facilities and information systems, as well as the preventive strategies in place against potential attacks.
Security audits may be considered one of the three main types of security diagnostics methods, along with vulnerability assessments, and penetration tests (aka. pen test). However, full security audits will often include pen tests and vulnerability assessments, so the term definition may change depending on the context.
Bitcoin is currently trading at a resistance area. On lower time frames, there is a small symmetric triangle that needs to be watched closely to see which side it breaks. The price needs to maintain its local support, otherwise, there may be a test of the $45,000 area.
Local Support Area: $46,700-$47,200
Bitcoin has climbed above the $48,000 mark, marking a positive development. However, it's crucial to note that this level serves as a significant resistance zone, extending up to $50,000. Additionally, $50,000 is a psychological barrier for traders. It remains to be seen how the price will respond as it approaches this resistance area.
Читать полностью…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.
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
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
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.
Читать полностью…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.
Читать полностью…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
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.
Читать полностью…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.
Читать полностью…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
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.
Читать полностью…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.
Читать полностью…