#GHST make a quick move to the upside and made a high of $1.75 which is 11.6% in profits 🚀🚀
Читать полностью…What is #SOPR ?
The #SOPR (Spent Output Profit Ratio) a very simple indicator, which reflects the degree of realized profit and loss for all coins moved on-chain. It’s calculated from spent outputs, the realized value (#USD) divided by the value at creation (#USD) of the output. Or simply: price sold / price paid.
#SOPR values greater than 1 implies that the coins moved that day are, on average, selling at a profit (price sold is greater than the price paid).
#SOPR value less than 1 implies that the coins moved that day are, on average, selling at a loss (price sold is less than the price paid).
#SOPR value of exactly 1 implies that the coins moved that day are, on average, selling coins at break even.
Successive peaks of high SOPR (creating an indicator uptrend) suggest continual distribution, usually during a bullish price rallies. As more coins are spent back into liquid circulation, the probability of a local or macro market top increases.
#LPT gave a short-term break and close candle but market is running overall bullish at the moment. Price also make a flip above the major resistance area and formed the bull flag, which is a bullish continuation pattern. Buys looks healthy after the candle close.
Читать полностью…#ETH UPDATE :
#ETH hodling above the support zone, and shows good confidence in the market. Price build a consolidation range between $3600 and $3960. In between price formed the small downtrend channel pattern, which is breaking now. Expected a push towards the $4111 level.
#GHST is going to be on the top gainer position anytime soon🚀✌️
Jump on the train now before it’s too late 😊
Buying big bag of #GHST here✌️
Looks ready for a quick jump from this support level toward daily resistance zone🚀
Link: https://www.binance.com/en/trade/GHST_USDT
Must buy it and hold for quick 10%-30% profits in short term😊
The MVRV Z-Score (with a 90 data point look-back period) for the Day Trader cohort. We can see this metric consistently flips from high to low values as a result of the intraday volatility of price, which then impacts the unrealized profit/loss held by this cohort.
Since we are looking for seller exhaustion signals during a correction, we isolate points when the MVRV Z-Score trades more than -1σ below the mean. These are points of heightened unrealized loss, and points of statistically significant pressure placed upon Day Traders.
#BTC moved a bit lower and broken the trendline too. Now its once again market looks like it gonna go lower towards the support zone nearly $66,000 mark. Overall market looks consolidating so, by next week we can expect something.
Читать полностью…$TWIF is set to launch on #DigiFinex at 10:00 UTC, June 3rd! Listing price will be $0.04, as per DigiFinex's official tweet🔥: https://x.com/digifinex/status/1795777359280525677?s=46
This means we are getting $TWIF at very cheap price currently. Grab it and be a early bird of this massive journey🚀
Tier1 exchange listing is also in pipeline as per their official tweet, which means this will surely skyrocket in the next few days.
PancakeSwap buy link: https://pancakeswap.finance/swap?outputCurrency=0x62760e76DCe6b500349EC5F6119228d047913350
Uniswap buy link: https://app.uniswap.org/#/swap?outputCurrency=0x62760e76DCe6b500349EC5F6119228d047913350
MEXC buy link : https://www.mexc.com/exchange/TWIF_USDT
The Spent Volume in Profit for LTHs, we can see that the cohort of BTC holders who have held for between 6 months and 2 years increased their divestment during the ATH rally. Clearly we can see what's happening on-chain data.
Читать полностью…#BTC didn't moved a lot and consolidating in Daily TF as candles printing side by side itself. Price tapped into the trendline and trying to rid of it. Price is not clear enough so better wait for the breakout of the range.
Читать полностью…#KEY continue the push after a good consolidation and high of $0.008717, which is 30.2% in profit. Secure more profits here.
Читать полностью…The Long-Term Holders, especially those in the 2 to 3-year cohort, have shown a significant decline. Some coins matured into the 3 to 5-year age band, while others were sold for profit. This divestment, influenced by the approval of ETFs, peaked in February 2024 as the market rallied, just a month before BTC reached its $73k ATH. Historically, Long-Term Holders take profits during strong demand periods.
Читать полностью…#BTC touched $70,000, gone a bit above, swept the liquidity and made a lower break. That's a clean trap move. Right now, price is about to test the trendline and a possible bounce can come. Otherwise, we've a support at $65,000.
Читать полностью…Hello everyone, 48 hours left until our next free for all pump on MEXC. We can guarantee that this upcoming mega pump will have amazing results like our previous pump #JET (+10200%): /channel/TCGFORYOU/27683
We are pumping on MEXC for multiple reasons. 1st of all, we believe that with our massive buying power we will be able to reach 50X-100X 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.
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The SOPR metric to assess whether the unrealized financial pressure was acted upon, and whether those losses were crystallized, or not. Again, we isolate for Z-Score values more than -1σ below the mean, which identifies periods of micro-capitulation, and large sell-side pressure.
Читать полностью…still didn't have much movement as expected as there's no strong fundamental driving price either side. Weekend is not clear, and by next week we can expect good movement. Price also forming a inverse Head and Shoulder so can expect a upmove.
Читать полностью…#GHST/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: $1.78 - 2.1 - 2.4 - 2.8
Stop if 1D closes below $1.42
What is #MVRV-Z Score ?
MVRV Z-Score is a bitcoin chart that uses blockchain analysis to identify periods where Bitcoin is extremely over or undervalued relative to its 'fair value'.
It uses three metrics:
1. Market Value (black line): The current price of Bitcoin multiplied by the number of coins in circulation. This is like market cap in traditional markets i.e. share price multiplied by number of shares.
2. Realised Value (blue line): Rather than taking the current price of Bitcoin, Realised Value takes the price of each Bitcoin when it was last moved i.e. the last time it was sent from one wallet to another wallet. It then adds up all those individual prices and takes an average of them. It then multiplies that average price by the total number of coins in circulation.
In doing so, it strips out the short term market sentiment that we have within the Market Value metric. It can therefore be seen as a more 'true' long term measure of Bitcoin value which Market Value moves above and below depending on the market sentiment at the time.
3. Z-score (orange line): A standard deviation test that pulls out the extremes in the data between market value and realised value.
How It Can Be Used
The MVRV Z-score has historically been very effective in identifying periods where market value is moving unusually high above realised value. These periods are highlighted by the z-score (orange line) entering the pink box and indicates the top of market cycles. It has been able to pick the market high of each cycle to within two weeks.
It also shows when market value is far below realised value, highlighted by z-score entering the green box. Buying Bitcoin during these periods has historically produced outsized returns.
Bitcoin Price Prediction Using This Tool
MVRV Z-Score bitcoin chart is useful for predicting Bitcoin price at the extremes of market conditions. It is able to forecast where Bitcoin price may need to pull back when MVRV Z-score enters the upper red band, and also when $BTC price may rally after spending time in the lower green band.
Historically it has picked major Bitcoin price highs to within 2 weeks.
#BTC.D UPDATE :
#itcoin Dominance is once again made a lower push, which is good for the altseason. This time, #BTC made a slightly dump with the market, so the move was not that aggressive. Currently, index is retesting the zone, so as soon as #BTC stable down or move up, we can expect strong moving in altcoin real quick. Hodl the positions tightly, if have any bottom one.
Here's the Analysis of #ETHFI :
#ETHFI moving from levels to levels and currently, testing the strong support zone of $4.45 - $4.61 and market looks good for going buys from here. The structure looks bearish so, use lower risk at this point.
What Is the Scaling Problem?
The scaling problem refers to the limitations of a blockchain’s transaction throughput, which ultimately affect the speed and costs of transactions. The scaling problem is tied to how a decentralized network handles blocks of transactions, which depend on factors such as its block size and block time, which is the time it takes to create a new block. This problem became evident after users of Bitcoin, the first blockchain network, experienced delays in transaction settlements and increases in fees whenever usage of the network spikes.
In 2015, the Bitcoin blockchain limited its block size to one megabyte (MB), which was later increased to 2 MB. While the increase in block size slightly alleviated Bitcoin’s scaling problem, many developers cautioned against the types of changes that could potentially make the protocol centralized. This is because every transaction carries data, which means that more transactions also means more data per block, which would ultimately result in requiring miners to have massive disk spaces in order to store a copy of the full Bitcoin blockchain. The Bitcoin community ended up deciding against greatly increasing block size, as it traded decentralization for scalability, which was considered the wrong approach by many.
Therefore, solving the scaling problem has become an uphill task, taking years of time and effort. The scaling problem is exacerbated by the fact that scaling a blockchain network requires proper consensus and coordination between the different parties involved such as the developers, miners and community. However, months of moving back and forth between these groups can still end in disagreements. In such a case, the process may lead to a hard fork where one team activates the upgrade and branches off the main network.
While unscaled blockchains can stay as they are, they will face detrimental consequences like a continuous decrease of transaction speed and increase in costs, as well users leaving for a more scalable network. This has a ripple effect as a lack of users is likely to discourage developers, businesses, miners/stakers from moving forward.
#GOLD UPDATE :
#GOLD broke below the support area and retraced back to the zone as resistance now. Price kinda formed a bear flag and expected to more dump is expected with session open. Daily TF looks bearish to this might play good till support around $2308.
Here's the Analysis of #W :
#W is a recently got listed in Binance project and moving over the major support area of $0.52 - $0.54. The price looks in a huge consoldiation range and moving very correctively. Range trading looks good from here towards the resistance around $0.75 - $0.77.
Here's the Analysis of #LPT :
#LPT moving nearby the Major Resistance Area of $21.50 - $22.15 and moving within the uptrend channel pattern. Currently, price testing the channel as support and expected a bounce from here, so you can plan the setup as target $26.00 or $27.20 area.
In the run-up to Bitcoin's all-time high (ATH) on 14-March, there was a noticeable increase in speculative activity. Specifically, capital accumulation has been observed among short-term holders, with the USD wealth held withing coins moved within the last 6 months approaching $240B, near ATHs.
Читать полностью…