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Contact for any queries @Steffendude
#ETH UPDATE :
#ETH aggressively broke out of the range and moved up as #BTC climbed too $67,000. Currently, price reached the major resistance area of $3550 - $3613 and Looks like it gonna break it too. In case if it break above, then it open the gate for #ATH. But three will be minor resistances $4111, $4450, $4665., which might not gonna hodl it.
Market Buying $NWC here
Reason: Monthly chart is parabolic. Strong future developments. Huge rumors about GameFi.
Note: HOLD for 3 Months MINImum and see 100x.
Enjoy 👉 https://www.kucoin.com/trade/NWC-USDT
Don't miss out on this rocket ride to massive profits! 💰
https://x.com/NwcPublic/status/1764669215913472331?s=20
What Is a Mutual Credit Line?
Mutual credit functions as a decentralized exchange network where internally created money serves as a medium of exchange. It operates within a closed system where deposits balance total deficits, maintaining equilibrium and preserving the value of money. Each unit of currency in circulation is necessary to settle debts within the network, fostering mutual reliance and eliminating the stigma of debt.
Credit lines within mutual credit networks are allocated to members in the network's currency, enabling them to spend within predefined limits. These lines allow members to purchase goods or services from one another, creating negative balances in their accounts. Repayment occurs when members sell goods or services to others in the network, reducing their negative balance.
Why Are Mutual Credit Lines Needed?
Credit line issuance methods vary among networks, ranging from traditional credit assessments to alternative measures like trust-based evaluations. Mutual credit lines democratize access to credit, spreading the risk of default across the network. In case of default, the system deviates from equilibrium, which can be rectified by purchasing excess currency units or providing equivalent value.
The need for mutual credit lines arises from the difficulty faced by certain groups, such as freelancers and micro-entrepreneurs, in accessing credit through traditional channels. By decentralizing credit issuance, mutual credit empowers resource-rich but cash-poor communities, stimulating economic activity and fostering value growth. In contrast to centralized economies where credit issuance favors certain entities, mutual credit promotes equitable distribution of credit and currency issuance rewards.
#KSM goes again as per the plan, price moved around 10.3% in profits and 1st one in 21.60%. Better to move it to breakeven and books some profits. Next targets will be $62.00 and $66.00 resistance.
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Here's the Analysis of #AAVE :
#AAVE is been making series of Higher Highs and Higher Lows, which rejected both sides of the zones. The Resistance zone is at $118 - $120 and Strong Support is at $107 - $109. Currently, price rejected the strong support zone and kept on hodlig the trendline too. This is a new range to trade within and a drop back to $111 will be a good buys till resistance and break too.
In a market where potential gains remain largely untapped, it's crucial to assess how participants are reacting. To do this effectively, we can utilize various SOPR metrics, which gauge the average extent of realized profit or loss within different groups.
🟠 Market Average SOPR: 1.13 (indicating a profit increase of 13%)
🔵 Long-Term Holder-SOPR: 2.07 (showing a substantial profit surge of 107%)
🔴 Short-Term Holder-SOPR: 1.02 (reflecting a modest profit uptick of 2%)
Currently, all participant groups are capitalizing on significant realized profits, a trend commonly seen in a bullish market (highlighted in 🟧). Additionally, we've identified periods where all three SOPR variants surpass their previous values (marked in 🟥). These occurrences coincide with the peak euphoria stages of both the 2017 and 2021 bull markets, mirroring insights from MVRV analysis.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN made a small retracements and consolidated with closing. Price made a large weekly candle and made a 25% in push to the upside. Price Tapped into a good Resistance Area, and price is near its All time High. Halving is near, and we'll a ton on volatility upcoming weeks. Market will anyways move good, so alts will create opportunity for buys.
Hold onto your seats! #WAN massive pump is programmed 🚀🚀
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Buying #WAN on Binance
Link : https://www.binance.com/en/trade/WAN_USDT
Expecting quick 10%-30% gains in short term😊
The profitability of Bitcoin investors has improved markedly, with the average investor now holding an unrealized profit of +120% per coin.
The MVRV Ratio allows us to measure this, with values of this magnitude often seen during the early innings of prior bull markets. Around 1126-of-4965 trading days (22.7%) have seen #MVRV record a larger unrealized profit. The air above the market is certainly getting thinner, but it is by no means uncharted.
#BITCOIN DAILY TF UPDATE :
#BITCOIN made a aggressive push we all saw and break the $60,000 resistance, which is the physiological level too. Now, price is sustaining above the zone, which shows buyers confidence. A retest back to zone will be healthy before going any upmove and LTF stared ranging which is obvious .
Momentum VS Volatility
#Momentum and #Volatility are two important concepts in trading that often go hand-in-hand but some traders, misunderstood #Momentum and #Volatility as same in the market.
#Momentum refers to the rate of increase or decrease in the price of a coin, and is often used to identify trends in the market. A momentum trading strategy typically involves buying coin that have been rising in price and selling those that have been declining.
#Volatility, on the other hand, refers to the degree of fluctuation in the price of a coin over a given period of time. A security with high volatility is more likely to experience sudden, large price movements, both up and down. A volatility trading strategy might involve buying options contracts to profit from large price movements in either direction.
It's important to note that both #momentum and #volatility can be impacted by a variety of market factors, such as #economic news, changes in interest rates, and geopolitical events.
#TOTAL MARKETCAP UPDATE :
#TOTAL Marketcap moved as anticipated, Market continues to drive towards the $2.12T Resistance Mark, which leads in alts rally already. Now the level has been broken and a new Range is open till next Resistance area of $2.40T - $2.44T. Alts can lead in another significant move to the upside after the corrections.
#BTC doesn't moved alot after the bullish impulsive move and looks like volatility is settled down for a while. Now, price broke the 4H Bullish Market Structure and Hourly too, which might lead in short-term correction. Price is expected to test the support around $58,200 - $59,550 before moving in an any up calls.
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#DEGO made its push with the market condition and meet the 1st target of $2.71. Price Made a High of $2.834, which is 15.96% profits. I hope you enjoyed the quick move with the time.
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#NWC team dropping the biggest bombshell soon! 💣
Get ready for a price explosion fueled by anticipation of biggest announcement by the #NWC team
Buy it now 🚀 https://www.kucoin.com/trade/NWC-USDT
Don't miss out on this rocket ride to massive profits! 💰
https://x.com/NwcPublic/status/1764669215913472331?s=20
We will share a guaranteed 50%-100% news based Kucoin Gemcall in 1 hour. Prepare USDT😊
Stay tuned
As market momentum gains steam and investors secure their highest unrealized profits since the November 2022 all-time high (#ATH), we can examine inflows into major exchanges as an indicator of trading activity and speculation.
The combined volume of deposits and withdrawals has steadily grown, hitting an impressive $5.57 billion in daily flow in and out of exchanges, comparable to the activity observed during the November 2022 market peak.
#Bitcoin made a push again, try to break the #YTD but got a bit rejection. Weekly closing did something better, which above the $60,000 and $62,000 too. Now, #LTF broke out of the range and expected to reach the area around $64,800 - $66,000.
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What Is Move (Programming Language)?
The Move programming language was initially used to build the Diem blockchain. It was created by the Diem Association, which was a tech consortium backed by Meta. Although the blockchain was eventually discarded, Move is still in use today.
The Move programming language is an executable bytecode language. It implements smart contracts and custom transactions. Move aims to remedy problems arising from other blockchain programming languages, like Solidity. However, the basic goals of achieving digital scarcity and control over digital assets remain the same. Particularly, it also aims to prevent double-spending and enables the holders of digital assets to maintain ownership information.
In doing so, Move maximizes safety while maintaining a streamlined design and significantly lower gas costs than blockchains not built on Move.
How Does the Move Programming Language Work?
Move uses linear logic, meaning resources can only be used once and never copied or implicitly discarded. This allows developers to encode custom resource types that cannot be erased or duplicated and are treated better than others.
Move's static type system is where variables must be defined as a type (a number/word). It protects prioritized resources. Still, they can be used like regular elements and stored in data structures or supplied as values in calculations. Resources are also transparent in modules and hidden from being called up by external sources.
Moreover, modules in Move are flexible and safe since the relationship among modules, resources and procedures is like the relationship among classes, objects and methods in object-oriented programming.
Move can also verify all safety traits on-chain and support off-chain static verification tools. This greatly reduces complexities around on-chain verification. Its design is based on three core decisions:
—> The lack of dynamic dispatch avoids call graph construction and enables static determination of the call site. This allows Move to identify the effects of a procedure call more easily and without additional complexities.
—> Thanks to its modularity, modules can be isolated for functional verification, and they help with abstracting data and localizing critical operations on resources. Safety is guaranteed by encapsulating the module alongside the language's type system, meaning the code outside of a module cannot violate its types. Additionally, by examining isolated modules, it will provide thorough functional verification for significant module invariants.
—> Finally, its limited mutability allows using reference types similar to C++. References are vital to mutate each Move value, and typically the temporary values are created and destroyed within a transcription script. Similar to Rust, Move's bytecode verifier "borrow checks" to confirm at least one mutable reference.
—> Finally, Move rejects programs not following type safety, memory safety and resource safety. Instead, a high-level programming language with a compiler, responsible for checking the properties, can be used. The alternative is a low-level untyped assembly with safety checks.
#KSM moved with plan and broke the resistance area too, and made a high of 55.60 High which is nearly 18% in profits. Currently, price retesting the support zone and stop hunted the previous lows too, so entering new buys will be good enough from here.
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Here's the Analysis of #COTI :
#COTI majorly pushed towards the Major Resistance Zone of $0.263 0- $0.283 and started ranging below it. Price is very corrective and making Triangle Pattern, which just gave a breakout. A small retest for a buys will be good as the range is enough for a swing move, targeting Major Resistance.
#WAN/USDT 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: $0.2939 - 0.40 - 0.50 - 0.60
Stop if 1D closes below $0.23
What is #MVRV Ratio ?
The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.
The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.
So what does that Indicate ?
#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.
#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.
#VET goes as per our plan, with a drop back to the support but market sustain above the zone as due to bullish market structure. Price made a move to the upside, around 7.7% in favor, and broken the structural high too. Hodl the trade till the major high around $0.054.
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Here's the Analysis of #DOGE :
#DOGE is been heavily bullish at the market, making strong moves with momentum. Price nearly reached a resistance area (not significant) around $0.142. If this moves continues then major resistance is next key area around $0.158 - $0.165. Right now, wait for the setup to form as it middle of nowhere or H4 makes new Support to enter from.
#Bitcoin Supply in Profits Hits 25 Month High (2 Years High) and Its very near to its #ATH Level 🚀🚀🚀
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Wallet Maintenance for Ethereum Network (ETH) - 2024-03-06
https://www.binance.com/en/support/announcement/6b2a85214252429db1d83400029587b6
Here's the Analysis of #VET :
#VET is been kept on hodling the support zone of $0.043 - $0.044 and recently rejected with the drop in the market. Price now making the Head & Shoulder, which might reverse the price. Anyways, market is bullish, so it might respect the support and buys are still valid from there, so take it accordingly.
#FIDa made its continue its push to the upside and made a high of $0.40 which is 23.11% in profits.
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