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Contact for any queries @Steffendude
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, made a good and healthy closing above the support with closing near the 50% of the candle. Weekly candle hodling good sign of this but this week candle closing bearish as the form of retracement. A Possible retest can be happen back to $66,000 before moving up. Plan the trades accordingly with mentioned level.
Here's the Analysis of #ALICE :
#ALICE formed a Head and Shoulder pattern and jumped hard in a short span of time. Price taps into a key flip area and also a left shoulder around $1.57 - $1.63. We can see large wick, which indicating the rejection, and a retracement is expected towards the $1.40 and a clean buys after flip.
What Is a Scaling Solution?
A scaling solution is fundamentally a method of enabling a system’s expansion, such as improving its efficiency and output, without hurting the existing operations. In the blockchain space, a scaling solution typically takes the form of second-layer protocols like sidechains and off-chain layers, that are built on top of a main chain and designed to increase transaction throughput.
Second-layer scaling solutions involve state channels, rollups, blockchain interoperability, sharding and alternative cryptographic functions.
State channels, also known as payment channels, improve a decentralized network’s efficiency and output by allowing multiple individuals to create a direct communication link when sending cryptocurrencies. Despite the number of transactions that take place on a given channel, only the initiating and closing transactions are reflected on the underlying blockchain. Examples of state channel implementations include Lightning Network, Raiden Network and Trinity for the Bitcoin, Ethereum and the Neo networks, respectively.
Sidechains take a different approach as they interconnect two or more blockchain platforms, each of them retaining an independent consensus mechanism. As such, the vulnerability of one blockchain is not transferable to the other. Examples of sidechains include Plasma for Ethereum and Liquid for Bitcoin.
The most promising short and mid-term scaling solution for Ethereum appears to be rollups, particularly optimistic rollups, with Optimism as the prime candidate, which is set to be deployed on Uniswap V3 sometime in 2021.
Sharding is the ultimate scaling solution for Ethereum and other proof-of-stake (PoS) blockchains, which involves splitting the network into different partitions called shards, which are then assigned different tasks. Sharding enhances the efficiency and output of the network since it increases the transaction load capacity. In this setting, network nodes are grouped and assigned to specific shards.
Another scaling solution comes in the form of alternative cryptographic systems that minimize the amount of transactional data that is recorded on a blockchain, which include ring signatures, multisigs, Schnorr and Threshold signatures.
I’m loading $TWIF here for amazing returns in short term as it looks prime for big jump🚀 You guys can buy it from #PancakeSwap, #Uniswap and #MEXC at current price.
$TWIF is set to launch on #DigiFinex at 10:00 UTC, June 3rd! Listing price will be $0.04, as per DigiFinex's official announcement🔥: https://support.digifinex.com/hc/en-us/articles/33132277095321--New-Coin-Listing-Tomwifhat-TWIF-Launches-on-DigiFinex
This means we are getting $TWIF at very cheap price, With the current price at $0.007 and the DigiFinex’s official listing price set at $0.04, there's still a 4x-5x opportunity for early birds! 🚀
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
#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, haven't moved a lot but back and forth in the range. Price in HTF, still inside the range and but now lying on the trendline though. Well, we can see some strong moves with the market by next week due to #NFP and other strong fundamental news. Good case would be a bounce from here or a dip will be best as that might be a liquidity grab.
#GHST make a quick move to the upside and made a high of $1.75 which is 11.6% in profits 🚀🚀
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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.
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#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 $66,000 mark. Overall market looks consolidating so, by next week we can expect something.
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$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.
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Exactly 12 hours left for the biggest MEXC Mega Pump we’ve ever seen, expect profits of no less than 5,000% and a volume never seen before, our big whales will be pushing price up for hours after our initial signal, getting the biggest volume from outside traders, and making sure all our members make huge profits again!
Make sure you have “USDT”in your “MEXC wallet”before pumping. Be ready at 4pm GMT today.
Dear members,
Exactly 24 hours left for our biggest MEXC pump signal in history!! We expect the maximum number of participants in this pump, reaching millions of traders from every corner of the world. The whales we have on our team for this pump are the biggest we’ve ever had, We’ll be constantly pushing the price higher, not likely seeing many retracements. Buying and holding as soon as the signal is announced will be the most profitable strategy. Our goal in this pump is to guarantee all our members the biggest profits possible, aiming at a minimum of 5000%!! Big reminder that we are doing the mega pump on MEXC.
We can reinforce the above observations by examining the USD-denominated realized loss incurred by the Day Trader cohort. This evaluation focuses on the absolute magnitude of the sell-side pressure. By applying a similar Z-Score framework to 24-hour realized losses, we can identify periods of micro-capitulation, indicated when values are 2σ above the mean.
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#GOLD UPDATE :
#GOLD perfect played though the week and made a retest to the resistance and drop. Price moved from support for a another retest and dropped again. So, now we can see a sharp push lower and broke the support too. Expecting more sell with the Monday Market Open, with a retest.
Here's the Analysis of #AI :
#AI is been moving through the bear flag formation, which is a bearish continuation pattern. Price currently, moving back and forth of the resistance around $1.15 - $1.17. and we have to look for Daily candle sustaining over the support.
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.
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. we’re ready to see our biggest volume in history, Be prepared for a massive 50X-100X pump signal on MEXC this Sunday.
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.
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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.
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#GHST looking ready for a explosive move here!🚀
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#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.