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This Chart Shows the #Profit or #Loss Bias (dominance) of #STH volumes flowing into exchanges. We can see a steady decline in profit dominance as the 2023 rally progressed, as more #STHs acquired coins with an increasingly elevated cost basis.
This week we saw the largest loss dominance reading since the #March sell-off to $19,800. This suggests that the STH cohort are both largely underwater on their holdings, and increasingly price sensitive.
#Bitcoin gave a strong breakout with the news in NewYork Market open. Price nearly Retested the Resistance zone around $28,000 and higher. Well, it might getting a rejection and move lower. More High Impact News coming ahead, Eyes on it.
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Here's the Analysis of #TRX :
#TRX is been kinda consolidating in a range between the Resistance around $0.0775 - $0.0779 and Support around $0.0757 - $0.0760. Well, market plays a very positive move, so Wait for break either side, as range is not good enough to take it.
#Greed and Fear Index Entering the Fear Mode again. The market is below 40, since the huge dump and which create, uncertainty over the market.
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#BTC is been still consolidating in a range and expecting this to continue. This might due to we have some high impact news over this week, which might create as massive moves in the market. Just a have eye on breakout, in #Bitcoin and other major coins.
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What is Difficulty ?
"Difficulty" refers to a dynamic parameter that determines the level of effort required to mine new blocks and validate transactions on a blockchain network. Difficulty adjustment is a fundamental mechanism designed to regulate the rate at which new blocks are added to the blockchain, ensuring that the process remains consistent even as miners' computational power changes.
The difficulty level is a crucial element of Proof-of-Work (PoW) consensus algorithms, such as the one used in Bitcoin. In PoW, miners compete to solve complex mathematical puzzles, and the first miner to solve it gets the right to add the next block to the blockchain. The difficulty is set to ensure that a new block is added approximately every 10 minutes, regardless of the number of miners participating.
When more miners join the network or their computational power increases, the average time to mine a block would decrease if the difficulty remained constant. To counter this, the network automatically adjusts the difficulty upwards. Conversely, if miners leave the network or their computational power decreases, the difficulty is adjusted downwards to prevent long block times.
For example, if the network's hashing power suddenly doubles due to an influx of new miners or improved hardware, the network's algorithm would increase the difficulty to ensure that blocks are still added roughly every 10 minutes. This keeps the rate of coin issuance and transaction validation consistent.
Difficulty adjustments maintain the stability and security of blockchain networks. If difficulty were too low, blocks would be mined too quickly, compromising security. Conversely, if it were too high, blocks would take too long to mine, leading to slow transactions and reduced network efficiency.
#BCH break the range to the upside and doing a retest now. Scalp buys possible till resistance around $212, if price remains stable or move up. In case of Trendline break, Shorts will be high probably to take, so risk it accordingly.
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Notice Regarding the Removal of Selected Liquidity Pools on Binance Liquid Swap (2023-09-01)
https://www.binance.com/en/support/announcement/8b8e3721bc804c618c563e40cbe1ee2e
Hello everyone, the next Mega Pump Signal will be scheduled for :
Date : 3-September-2023 Sunday
Time : 4 PM GMT
Pairing : USDT
Exchange : MEXC
Advantage : Free For All
With the success of our previous big signal #FRTN reaching whopping +6500% gains on MEXC, 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 5000%-7000% 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. we have decided to schedule our next signal in 7 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.
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. Our team are closely monitoring a number of suitable coins, and we have a few absolute gems lined up ready to shake the market again. 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.
Nearly 90% of short-term holdings in BTC are now at a loss. There is a lot of accumulation happened around $30,000 zone.
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Here's the Analysis of #ZIL :
#ZIl tested the major support zone of $0.0152 - $0.0157 and being consolidating in a range. Price formed the triangle formation, where price is trying to break below of the zone. A strong reaction is expected if price back to major support. Nothing much is clear, so wait for the setup to form.
This marks the most significant negative #Funding rate since the drop to $19,800 in March, although the recent dislocation is of a lesser extent. Broadly, this implies that the accumulation of leverage followed by the subsequent reduction in #Futures markets played a central role in triggering this downward movement.
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#BITCOIN DAILY TF UPDATE :
#BITCOIN made a range entire week and made a retest back to the resistance zone of $26,700 - $26,900. Well, weekend is on to we might see any move here and consolidation is going on too. Look for a break on our daily Analysis did.
What is Crypto Winter ?
"Crypto Winter" is a term used to describe a prolonged period of significant decline in the prices of cryptocurrencies, often accompanied by a decrease in trading volumes and overall market activity. It is analogous to the concept of a "bear market" in traditional financial markets. During a Crypto Winter, the prices of many cryptocurrencies experience a substantial drop, leading to a pessimistic sentiment among investors and traders.
Crypto Winters are typically characterized by several factors:
1. Price Decline: The most prominent feature of a Crypto Winter is a sustained and substantial decline in the prices of various cryptocurrencies. This decline can range from several months to over a year.
2. Reduced Market Activity: Trading volumes and liquidity in the crypto markets tend to decrease during a Crypto Winter. Investors become more cautious and may refrain from making new investments.
3. Negative Sentiment: Negative news and events in the crypto space, such as regulatory crackdowns, security breaches, or market manipulations, can contribute to a sense of uncertainty and pessimism among market participants.
4. Impact on Projects: Many cryptocurrency projects, especially those without robust fundamentals or strong use cases, may struggle to secure funding or maintain their operations during a Crypto Winter. Some projects may even face bankruptcy or suspension.
5. Investor Apathy: During a Crypto Winter, some retail investors and traders may lose interest in the market due to the prolonged downtrend. This can result in reduced participation and slower adoption of cryptocurrencies.
6. Industry Consolidation: The challenging market conditions of a Crypto Winter can lead to consolidation in the cryptocurrency industry, with weaker projects failing and stronger ones continuing to develop and innovate.
It's important to note that Crypto Winters are part of the natural market cycle of cryptocurrencies, and they have occurred multiple times since the inception of Bitcoin and other digital assets. While Crypto Winters can be difficult for market participants, they can also provide opportunities for long-term investors to accumulate assets at lower prices before the market enters a new bull cycle.
#DOGE nearly tapped into the expected zone and made a drop. Well, price formed the new support zone around $0.0610 and you can look for short below the zone after the close below.
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#BCH short scalp position gone good, Price gave a breakout of the resistance zone and made a high of $228, which is nearly 18.7% in profits. Its time to secure the major position and trial the stops. Currently, price retesting the zone, which can push the price higher and might be a scale in too.
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https://www.binance.com/en/support/announcement/d0f401e56c594069afad13c80f97a356
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What exactly is a Fear and Greed Index?
The Crypto Fear and Greed Index analyzes a basket of different trends and market indicators to determine whether the market participants are feeling greedy or fearful. A score of 0 indicates extreme fear, while 100 suggests extreme greed. A score of 50 shows the market is somewhat neutral.
A fearful market could be an indication that cryptocurrencies are undervalued. Too much fear in a market can lead to overselling and excess panic. Fear doesn't necessarily mean that the market has entered into a long-term bearish trend. Instead, you can think of it as a short or mid-term reference to overall market sentiment.
Greed in the market is the opposite situation. If investors and traders are greedy, there's a possibility for overvaluation and a bubble. Imagine a situation where FOMO (fear of missing out) causes investors to pump the markets, overvaluing Bitcoin’s price. In other words, the increased greed may lead to excess demand, artificially inflating the price.
If we look to the response by Long-Term Holders (LTHs), we can see that there is almost no response. The LTH cohort did not meaningfully increase volume sent to exchanges, and their aggregate balance actually ticked up to a new ATH this week.
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Here's the Analysis of #BAKE :
#BAKE is been hovering over the major support zone of $0.0821 - $0.0838 and expected price to reach over there. Volume is pretty much lower, a flip above the zone will still not good unless market moves. No opportunities as of now, so wait for the price to reach the major level.
When the #BTC price moves suddenly, we can see the magnitude of supply that falls into loss via changes in the Percent Supply in Profit metric.
Here we see that 12.8% (2.48M #BTC) of the supply fell into an unrealized loss this week, setting a lower low on this metric. This suggests that 'top heaviness' in spot markets may also be a factor in play.
#BTC on its verge to give a break below of the consolidation, which may lead the price down till $25,450 area of support. Well, we can anticipate volume US Market open otherwise, we may see this consolidation this whole week again.
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Here's the analysis of #RLC :
#RLC is been slides below the major Resistance zone of $1.005 - $1.035 and is been testing the structural resistance zone of which might take a sell over it. You can stack short over the upmove till major support zone of $0.766 - $0.792.
What is Design Flaw Attack ?
A design flaw attack is a type of security vulnerability that occurs when an attacker exploits weaknesses or vulnerabilities within the design of a system or software application. Unlike traditional exploits that target coding errors or software bugs, a design flaw attack takes advantage of inherent flaws in the architectural or conceptual design of a system.
This type of attack can lead to serious security breaches and compromises because it targets fundamental flaws that might not be easily patched or fixed with simple code updates. Design flaw attacks often involve manipulating the intended functionality of a system in unintended ways or bypassing security measures through the exploitation of design weaknesses.
To protect against design flaw attacks, it's essential to conduct thorough security assessments during the design phase of a system, identify potential vulnerabilities, and implement strong security practices from the ground up. Regular security audits and testing can also help detect and address design flaws before they can be exploited by malicious actors.
#BITCOIN WEEKLY UPDATE :
#BITCOIN did a minor retracement and it can go further, and on Daily TF, this week did a range and altcoins too. Drop is still expected till the support zone of $24,150 - $24,600. Always Keep in mind that, We're strongly Bearish.
What is #Funding Rates ?
#Funding Rates refer to the fees that are paid between #traders on perpetual #futures contracts. Perpetual futures contracts are a type of #derivative contract that allows traders to bet on the future price of an #asset without actually owning it.
Funding Rates are used to maintain the price of a #perpetual futures contract to the price of the underlying asset. These fees are typically paid between #buyers and #sellers of the contract and are used to ensure that the price of the #contract stays close to the actual price of the underlying asset.
The Funding Rate is calculated every fixed period (usually every eight #hours) and is paid by traders who are on the opposite side of the contract. For example, if the Funding Rate is #positive, long positions (buyers) will pay short positions (sellers). Conversely, if the Funding Rate is #negative, short positions (sellers) will pay long positions (buyers).
The Funding Rate is determined by the difference between the current price of the perpetual futures contract and the price of the underlying pair, as well as by the current market #demand for the contract. When there is a high demand for #long positions, the Funding Rate may be positive, and when there is a high demand for #short positions, the Funding Rate may be negative.
Funding Rates are important for traders to consider, as they can have an impact on the #profitability of their trades. A high Funding Rate can eat into profits for traders who #hold their positions for an extended period, while a low Funding Rate may be an #opportunity for traders to profit.
#SOL move as per plan, price moved above the $21.30, and gave a flash drop, which totals around 9.15% in profits. If you took profits then fine, price made a deeper pullback and dropping. I hope you entered over there and hodl the position.
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Here’s the Analysis of #TOMO
#TOMO is been dropped hard and trying to hold above the strong support zone of $1.04 - $1.07. Currently, price is trying to hold above the zone and in case Daily forms the support them we can expect a potential pullback and in case of break below, you can open the short-sell opportunity.
Unlike options markets, futures traders did experience a major deleveraging event which has remarkable similarities to the #FTX collapse. Whilst smaller in scale, over $2.5 Billion worth of perpetual futures contracts were closed out in a single day. This represents a -24.5% decline, and a complete unwind of all leverage build up through July-August.
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#BTC goes with our 2nd scenario and gave a fakeout, which eventually throw the price back to the zone. Well, Now the same condition apply here, Have to wait for a breakout again and too be precise, it has to be a break and close above the fakeouts.
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