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What is #Bitcoin Dominance?
#Bitcoin dominance is the share of #bitcoin in the crypto market’s overall value. It is calculated by dividing BTC’s market cap by the total cryptocurrency market cap.
Traders have used #Bitcoin dominance to help understand whether #altcoins are on an up or downtrend against bitcoin. For example, one popular theory is that the crypto market is heading into a bull market if #altcoins are trending up. In 2017, for instance, a significant decline in #Bitcoin dominance signaled altcoin prices skyrocketing (rather than #BTC price declining), coinciding with the entire market entering a #bull phase.
Important things to note that, standalone, these dominance charts will not helpful. Use thus with other confluences like, #Bitcoin major levels, Greed & Fear Index, Market Sentiment etc.
#HOOK printed the new #ATH recently, while Market is kinda declining. Also, price broke the triangle to the upside, which is bullish. Still, you should wait for a drop to the support around $2.855 - $2.971 for entries.
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Binance Will Support the Terra Classic (LUNC) Network Upgrade
https://www.binance.com/en/support/announcement/3c25908a999e4120ace1600e290b858a
#FIL is dropped back inside the major support and strongly bounced as expected. #FIL made a high of $5.87, which is 17.3% in profits. I hope you secured some profits over there, you can hodl the trade to stops at breakeven.
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#AUTO also pushed higher and nearly reached out the 1st target. Price made a high of $336.6, which is 12.5% in profits.
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#DOCK made a easy move to the upside and achieved the 1st target of 94 Satoshi. Price made a high of 106 Satoshi, which 26.7% in profit.
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All Targets Achieved in #MDT and made a high of $0.08415, which is 221.5% in profits. I hope you're enjoying our free signals 🚀🚀🚀
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#Bitcoin trying to hodling above the area of consolidation and build-up a small new ranging too. If price breaks above the #23,700 , then you can expect an next impulsive move till the major resistance around $24,500.
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Here's the analysis of #HOOK :
#HOOK printed the ATH (All-time High) last week and now trading above the major support zone of $2.855 - $2.971. Currently, a triangle formation is on its way, in which breakout is still pending. A short-sell would be perfect, as it will break the pattern and major support as well. Buying above #ATH would be risky, so hodl on the buys.
AI projects going chad #AUTO is another AI coin which is still lagging in the race like #MDT before big jump👀
#AUTO can shoot anytime ✌🏻
We are buying #AUTO here
AUTO is ready for a moonshot 🚀
Now is the right time to build your position in AUTO for massive profits in short term🚀🚀
#MDT also moved with the momentum and made a high of 168 Satoshi, which is 47.3%, we recommend to take profits as per your choice and move stops to breakeven.
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What is Technical Analysis ?
#Technical analysis is a method of evaluating financial instrument, such as #crypto, stocks, bonds, and currencies, by analyzing market data, such as price and volume, to identify trends and make informed investment decisions. Technical analysts believe that past market data can help predict future #Bitcoin market behavior, and therefore use charts, graphs, and other technical tools to identify patterns and make trading decisions.
The basic premise of technical analysis is that all relevant information, such as economics, financial data etc. is already reflected in a instrument price and #volume, and that price trends can be identified through the analysis of past market data. Technical analysts use tools like #trend lines, #moving averages, and #oscillators to identify trends and make investment decisions.
It's important to note that #technical analysis is just one method of evaluating the instrument and making investment decisions, and it is not a guarantee of future performance. Other factors, such as fundamental analysis and macroeconomic conditions, can also play a role in determining the value of a security.
#BITCOIN WEEKLY UPDATE :
#BITCOIN perfectly tapped out the resistance/ obstacle as mentioned. Price rejected nearly 7% from there. Still, the Market Structure in maintaining throughout 4H TF and above. Be alert on market, this could be the reversal point. Hoping for a break of this level. A daily candle closure must required for confirmation 🚀
#WAN/USDT BUY/LONG CALL
Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀
Targets: $0.2541-0.3255-0.3758-0.4354
Stop if 1D close below $0.1955
#BTC.D rose continue and now in a pullback phrase. #Bitcoin and Altcoins are also declining with this. Expecting it to go deeper till 42.08% - 42.24%. Over-all, Index broke above the resistance, so still you can anticipate bullish in wider terms.
Important thing to note that, until and unless #Bitcoin maintaining its Bullish Market Structure, Market Remains Healthy.
#BTC broke below the support area/ top of the consolidation. Price going all the way down till bottom of the consolidation range. Around, $22,450 will be potential bounce area. On HTF, this support looks strong and a break below will open the room till $21,100 - $21,300.
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Here's the analysis of #MASK :
#MASK rejected hard from the major resistance level of $5.25 - $5.34. Price dropped till hourly support around $4.34 - $4.39, which rejected too. Price still looks bearish, so anticipating continuation in drop till next support around $3.98 - $4.04. Small Scalp move possible, use risk accordingly.
#AUTO in #BTC performed the same and made a high of 0.01440 Satoshi, running around 12.88% in profits. Oit signals performing well, even if market is in retracement phrase 📈🚀
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#DOCK in #USDT pair also performed the same and made a high of $0.0247, which is 22.7% in profits. Sure your trade here and set stops to breakeven.
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#MDT in #BTC pairs, also performed the same and achieved all of the targets. Price made a high of 360 Satoshis, which is 215.7% in profits. Book all your profits and close the trades 📈📈
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#APY vs #APR: What’s the Difference?
#APY, or annual percentage yield, incorporates interest compounded quarterly, monthly, weekly, or daily, while APR, or annual percentage rate, doesn’t. This simple distinction can make a significant difference to the calculations for returns over a period of time. It is therefore important to understand how these two metrics are calculated and what it means for the returns that you can earn on your digital funds.
#APR
#APR stands for annual percentage rate. This is the simpler of the two terms. In simple terms, the Annual percentage rate is the interest a lender is bound to earn on their money. Also, the borrower pays for the interest over one year.
#APY
#APY stands for Annual Percentage Yield. Unlike in the #APR model, where you get a fixed amount after every year, which is decided upon by the initial principal amount itself, in the annual percentage yield, you will receive some interest every month.
#MDT is an Unstoppable Beast🚀
#AUTO is next👀✌️
#AUTO/USDT BUY/LONG CALL
Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀
Targets: $338-390-450-550
Stop if 1D close below $274
#AUTO/BTC BUY/LONG CALL
Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.
Targets: 1444-1850-2795-3950 satoshi
Stop if 1D close below 1156 satoshi
We will post a new spot signal which can follow MDT pump. if you missed MDT you can buy it and hold for maximum gains 😊
Stay tuned.
#MDT continue to move higher and achieved the 2nd target too. Price made a high of $0.0.395, which is 50.9% in profits. I hope you're enjoying the free calls 💪💪
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#ATOM gave a breakout of the triangle and strong resistance line too. That's a easy entry and moving around 12% in profits. If you entered the trade then book your major profits and hodl the trade with Breakeven Stops.
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Here's the analysis of #OP :
#OP made some aggresive move after the large consolidation over the major support level of $1.98 - $2.08. Price is expected to drop till the strong support zone of $2.41 - $2.49. This support remain valid until price prints new Higher High. Nothing as of now, just be alert on mentioned levels.
#WAN falling wedge breakout on higher timeframe 👀
It can shoot anytime from here🚀