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#GRT is been sell-off as expected and reached the support zone of $0.0960 -$0.0977. If you took the sell with the call then you're in 9.35% in profits. I hope you did scalp the move and currently, price is reacted strongly from support but anticipating the break of it.
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Dear members, Due to massive request from our community we have decided to schedule our next big pump at MEXC.
Date : 20-August-2023 Sunday
Time : 4 PM GMT
Pairing : USDT
Exchange : MEXC
Advantage : Free For All
With the success of our previous big signals and the altseason coming, we are ready to announce our next big signal on MEXC. We have decided to start pumping on MEXC for multiple reasons. 1st of all, we believe that with our massive buying power we will be able to reach 3000%-5000% easily possibly even more. 2nd of all, MEXC doesn't require KYC meaning you can make an account there without verifying your identity and get past any restrictions other exchanges could have. Finally, there is very little hidden sell pressure in the orderbooks. After the previous signal and hours of discussion with our team, we have decided to schedule our next signal in 5 days to make sure that we are fully prepared. Our main goal for this pump signal will be to make sure that every single member in our group makes a massive profit. With our ability to keep creating the most powerful and biggest pumps , we will take every opportunity we can get. We welcome everyone to join us as we create the next big pump all traders and investors all over the world have been waiting for.
We have 5 days to prepare for this massive free-for-all pump, this event will be the biggest one that we have done in the history of our group and will top our previous ones in terms of % gain. Instructions will be given out in the upcoming days to make sure all our members are prepared for MEXC. We are expecting hundreds of thousands of people all across the world to attend this pump and possibly more than a million people across all social medias will be watching. Be prepared. We will be giving out more information when we are closer to the signal date, stay tuned!
#BAKE pushed above all the way to the major resistance, and in a phrase of strong retest all the way down. Well, you can risk little buys over the support, in anticipation of continuation
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Here's the Analysis of #BAKE :
#BAKE is been aggressively jumped higher from the support zone towards the major resistance of $0.121 - $0.124 and kinda rejected. Price still maintaining bullish form trying to break the area. Potential buys will come after the break of the Resistance and Short-sells below $0.1100.
In terms of comparison, the dominance and expansion of Options markets have notably surged, with open interest experiencing more than a twofold increase in the past year. Currently, Options markets stand on par with futures markets in terms of the scale of open interest.
Conversely, the open interest in futures markets has been gradually decreasing since the latter part of 2022 (coinciding with the #FTX incident), and has registered only a marginal rise in 2023.
#BTC did a deep retest inside the range and again back up above it. This week is going to be volatile too. Weekly, Candle going again up, which might test out the deeper. $30,000 will stand same as resistance, which might get a rejection.
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What is Total Supply ?
Total supply in the context of cryptocurrency refers to the maximum number of tokens or coins that will ever exist for a particular cryptocurrency. It is a fundamental concept that determines the scarcity and potential value of a cryptocurrency.
Total supply is a fixed value set by the cryptocurrency's protocol or rules. For example, Bitcoin has a predetermined total supply of 21 million coins. This scarcity is intended to mimic the limited supply of precious metals like gold, which can contribute to the perception of cryptocurrencies as stores of value.
The concept of total supply often has an impact on price dynamics. Scarcity can create upward pressure on prices, as demand for a limited supply of tokens can lead to increased value over time. Cryptocurrencies with smaller total supplies might experience higher volatility due to the limited number of coins available for trading.
It's important to differentiate between total supply and circulating supply. Circulating supply refers to the number of coins that are actively in circulation and available for trading. Total supply includes coins that may not yet be mined, generated, or released, including those in the development phase or held by the project's team.
#BCH going as Expected, price made a fakeout, as it already seems not strong enough and moving lower. Now, price will reach out the support zone of $212 - $218, and expecting a reaction from there. You can scalp that move but it won't last longer, So, $232 level will be area for potential shorts.
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Here's the Analysis of #APE :
#APE flipped above the structural zone of $1.945 - $1.96 and made the support around at $1.73 - $1.78. Right now, Price need to break above the downtrend resistance line, which will push the price up. So, wait for the breakout or a rejection to happen.
There is a stop-hunting candle on a 4-hour timeframe. Although #BTC remains silent and no sign of an apparent movement yet. Things will change when the volume gets back. Just wait for a big move that will decide the direction.
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What is Censorship-Resistance ?
Censorship-resistance is a characteristic of certain technologies or systems, particularly in the context of digital assets like cryptocurrencies and blockchain technology. It refers to the ability of a system to operate and function without being easily controlled, censored, or manipulated by any single entity, government, or authority.
In the realm of cryptocurrencies and blockchain, censorship-resistance means that transactions, data, and information recorded on the blockchain are immutable and resistant to tampering or alteration. This is achieved through the decentralized and distributed nature of blockchain networks, where transactions are verified and recorded by a network of participants (nodes) rather than a central authority.
Censorship-resistance is important for several reasons:
1. Decentralization: Censorship-resistant systems are typically decentralized, meaning that no single entity has full control over the network. This prevents any individual or group from exerting undue influence or control.
2. Freedom of Expression: In a censorship-resistant system, individuals can transact and communicate freely without fear of their actions being blocked or censored by external parties. This is particularly relevant in regions with restricted access to information or financial services.
3. Trust: Censorship-resistance enhances trust in the system, as participants can rely on the integrity of the blockchain's history. Transactions and data are transparently recorded and cannot be easily altered after the fact.
4. Resilience: Censorship-resistant systems are more resilient to external attacks, censorship attempts, or shutdowns. The distributed nature of the network makes it difficult for a single point of failure to disrupt the entire system.
5. Security: The immutability of transactions and data on a blockchain ensures that once information is recorded, it cannot be erased or modified without consensus from the network.
Overall, censorship-resistance is a fundamental principle in the design of blockchain and cryptocurrency systems, enabling secure and open transactions and interactions that are not easily controlled or manipulated by external forces.
#DXY (Dollar Index) Analysis :
#DXY made a lower low and flipped above the major level for the deeper retest. Anticipating a rejection nearby structural resistance around 102.93%, which as added Trendline confluence. In case of rejection may flip above the $30,000 mark. Alternatively, if it continues flies then a harsh dump is expected in the market.
Here's the Analysis of #CELR :
#CELR is been consolidating in the range between the Strong Support Zone of $0.01373 - $0.0139 and Resistance zone of $0.0146 - $0.0148. Price broke the downtrend line but still in a range. Either you can trade this range or wait for a healthy breakout for any sort of setup.
Greed and Fear Index is Neutral throughout the past 2 weeks and still the same. Now, its says market is more prone to very indecisive.
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#BTC Resistance around $29,500 - $30,000 remains strong and printed a lower low inside the consolidation range. Well, we're already bearish for this week and expecting the news to move down.
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Here's the Analysis of #GRT :
#GRT is been rejected hard from the major Resistance zone of $0.132 - $0.125 and moving inside the falling wedge pattern, which trying to breakout of falling wedge pattern, but volume is not strong enough to go for. Expecting the down-move till support zone of $0.0960 - $0.0977, which can be taken as short-selling opportunities for scalping.
The Realized Price Line for #Ethereum has remained relatively stable between 1.5K to 1.6K from January to August 2023. This line signifies the average neutral price for Ethereum holders.
The Market Price Line, in contrast, displays more fluctuations. When it falls below the Realized Price, it quickly rebounds, hinting at the market viewing Ethereum as undervalued during such instances. This resilience may reflect a strong underlying confidence in Ethereum's value, suggesting it's worth more than recent transaction history implies.
For long-term investors, considering buying and holding Ethereum near the Realized Price Line could be a prudent strategy.
#BITCOIN DAILY TF UPDATE :
#BITCOIN started a new range below the support, which is acting as resistance now. Price already getting multiple rejection from there, and probability is higher to move to the downside, until any news came out. Keep Daily and Weekly TF in mind and trade accordingly.
What Are Cross-Chain Bridges?
Cross-chain bridges, also known as blockchain bridges, are mechanisms that enable the movement of assets and information between different blockchain networks. These bridges facilitate interoperability and connectivity between different networks that may use different protocols and consensus mechanisms or have distinct functionalities that otherwise wouldn't be able to communicate with each other directly.
Why Are Bridges Important?
Bridges are crucial in addressing one of the most significant challenges in the crypto space – the lack of interoperability between different blockchain networks.
Each blockchain operates independently with its own unique set of rules, making it difficult to communicate and interact across networks. By connecting different blockchains, bridges enable the movement of tokens across chains and thereby enhance liquidity. This is particularly valuable in the decentralized finance (DeFi) ecosystem, where liquidity is crucial for the functionality of DeFi applications.
The Future of Cross-Chain Bridges
As the crypto space continues to expand and evolve, bridges will play an increasingly vital role in connecting blockchain networks. These bridges are expected to further enhance interoperability, scalability, and liquidity in the world of cryptocurrencies, expanding the range of possibilities for users and developers.
While using blockchain bridges can offer increased flexibility and connectivity, users should exercise caution. There have been numerous security breaches, highlighting the potential risks associated with bridges. Moreover, some bridges require more technical knowledge. As a result, it's crucial to thoroughly research and understand the intricacies of bridges before deciding to use them.
#APE is been broke above downtrend resistance line and did the retest and move up. Price made a high $2.11, which made around $7.51 in profits.
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Here's the Analysis of #RUNE :
#RUNE made a very strong bounce off the Support Zone of $0.769 - $0.804 and broke the downtrend channel too. Daily TF made a clean breakout and now potentially we might see a retest back too $1.20 level and below.
#Bitcoin Futures markets have shown relatively stable open interest, maintaining a consistent value of $12.1 #Billion in the past month. These figures resemble the levels observed during the latter part of 2022 when prices were around 30% lower than the current levels, even during the period when the #FTX exchange was operational. This situation is reminiscent of the scenario seen during the January 2021 price surge, where prices were 30% higher, the market was less developed, and leveraged speculation was just starting to gain momentum.
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#BITCOIN WEEKLY UPDATE :
#BITCOIN did as we anticipated, price goes all the way up to retest and rejected from the mentioned levels ($30,000 mark). Well, Weekly candle might close bullish today, but that doesn't means, an continuation. Bearish scenario is still highly probable in play.
What is Circulating Supply ?
The term circulating supply refers to the number of cryptocurrency coins or tokens that are publicly available and circulating in the market.
The circulating supply of a cryptocurrency can increase or decrease over time. For example, the circulating supply of Bitcoin will gradually increase until the max supply of 21 million coins is reached. Such a gradual increase is related to the process of mining that generates new coins every 10 minutes, on average.
The circulating supply refers to the coins that are accessible to the public and should not be confused with the total supply or max supply. The total supply is used to quantify the number of coins in existence, i.e., the number of coins that were already issued minus the coins that were burned. The total supply is basically the sum of the circulating supply and the coins that are locked up in escrow. On the other hand, the max supply quantifies the maximum amount of coins that will ever exist, including the coins that will be mined or made available in the future.
Moreover, the circulating supply of a cryptocurrency can be used for calculating its market capitalization, which is generated by multiplying the current market price with the number of coins in circulation. So if a certain cryptocurrency has a circulating supply of 1,000,000 coins, which are being traded at $5.00 each, the market cap would be equal to $5,000,000.
#ETH UPDATE :
#ETH took a strong rejection over the strong support zone and moved above the downtrend line. Price is been trying to hodl above it and kinda going correctively. Well, it could be a Buy wall and price might push up. Just for the price to break either side
#BTC futures volume back to October 2020 levels :-)
What DO You Think, we're Ready to move Up ?
Nothing much happened from yesterday and taking support on the top of the support zone. Well, volume is pretty much dead still, have to wait for the momentum to kick-in.
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What is Capitulation ?
Capitulation in financial markets refers to a point of extreme pessimism and panic selling by investors, often leading to a significant and rapid decline in asset prices. It occurs when investors, overwhelmed by fear and uncertainty, rush to sell their holdings at any price to avoid further losses. Capitulation is often marked by a sharp and dramatic drop in market indices or the price of a specific asset.
During capitulation, investor sentiment reaches a nadir, and there is a sense of desperation and hopelessness in the market. This selling frenzy can lead to a cascading effect, where falling prices trigger more selling, creating a vicious cycle of downward pressure.
Capitulation is often seen as a potential turning point in markets. After a period of capitulation, some investors who have been waiting on the sidelines may perceive that prices have fallen to attractive levels, leading to a rebound in prices as buying activity begins to outweigh selling. This rebound is sometimes referred to as a "dead cat bounce," where prices temporarily recover after a steep decline.
Capitulation can be an emotional reaction driven by fear and panic rather than rational analysis of market fundamentals. It's important for investors to maintain a long-term perspective and avoid making impulsive decisions based solely on short-term market fluctuations.
#BCH gave a breakout but not strong enough to go, well, for confirmation we should wait for the closing above the $240 mark as resistance. Another case can be this will turned into a fakeout and move lower.
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