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Here's the analysis of #RLC :
#RLC slides below the major support zone of $1.541 - $1.644 and now turned it into major resistance. Currently, price retesting the zone for making a potential lower low and expected to reach the next support at $1.354 - $1.371. You can risk accordingly here to shorts till support.
According to On-Chain Data, Approximately 40K #BTC from wallets associated with US Government law enforcement seizures are on the move.
Of these, the majority appear to be internal transfers (so far), however approximately 9,861 #Bitcoins seized from the Silk Road hacker have been sent to our #Coinbase cluster.
What is #aSOPR (adjusted SOPR) ?
#aSOPR (Adjusted SOPR) filters out all #UTXOs with a lifespan of less than an hour from the #SOPR metric to better reflect economically meaningful activity on-chain.
The adjusted SOPR has a similar construction and interpretation to the standard #SOPR metric, however excludes all transaction volume for coins with a lifespan younger than 1Hr.
The benefit of #aSOPR is, this is generally considered a more accurate representation of the aggregate profit and loss that is realized by coins that are changing hands.
Here's the analysis of #NEO :
#NEO moving lower after rejecting the major resistance zone of $12.15 - $12.42 and price about to reach out the flip zone at $10.00 - $10.25. Well, there's pretty much not much range for shorts. Better wait fort he price to reach the any support, and either rejects it or break below.
#TWT is been try to break the pattern to the downside and also the major support zone too. Now, potential short are high probable as 4H candle breaks below. Take low risk as this week having bunch of fundamental news, which will impact the overall global market.
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Here's the analysis of #SNX :
#SNX dropped below the major level and now acts as major resistance zone of $3.023 - $3.066. Well, price maintaining the bullish market structure, while over all market is struggling. Right now, anticipating some move down till $2.38 or near about the trendline for longs. Alternatively, if price flips the major resistance then it will open the gates for longs till major resistance at $3.44.
The 14d average of #aSOPR is now trading above a value of 1.0 on a sustained basis for 40 days so far.
The return of #aSOPR trading above 1.0 on a sustained basis is a typical characteristic as the market recovered from a period of deep and extended losses.
Not much movement happened in #Bitcoin and just created an another consolidation range after the breakout. This might happening due to, normally price ranges after sharp moves. Small channel pattern can be also noticed over there, in which a break out will decide next impulse move.
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Hello members, to celebrate our upcoming Kucoin Mega Bull Call session we are annnouncing probably the biggest giveaway for our community. All biggest crypto groups coming together to help our community and a total of $10,000 will be given to eligible participants.
Join the bot @Biggestgiveawaybot and get your unique referral link. Share the link with your friends, family and on your social networks.
To eligible for the giveaway you need atleast 5 referral through link and must follow rules mentioned in the bot.
The winner with most number of refferal wil get $3000 reward. Here is full details of how rewards will be given:
RANK REWARD
1 $3000
2 $2000
3 $1000
4 $500
5 $500
6-10 $200
11-50 $50
Final results will be announced on 30th March. Good luck.
Easy and clean entry in #QTUM as mentioned. Trade moved around 6.8% in profits and market these days ranging now, so scalping going good in altcoins. Well, still bearish in #QTUM to reach out the support around $2.77 - $2.79.
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Here's the analysis of #GMT :
#GMR is been rejected from the major resistance zone of $0.416 - $0.422. Currently, price is hovering over the support zone around $0.363 and expecting a drop till major support level of $0.344 - $0.349 and potentially longs there. As of now, there's now clean indication, so wait for the price to reach out any major level.
What is Tweezer Top candlestick?
A #Tweezer Top is a bearish reversal candlestick pattern that forms at the top of an uptrend, indicating a potential trend reversal. It consists of two #candlesticks that have the same high price, creating a top that resembles a pair of tweezers.
The first candlestick is a #bullish candlestick, indicating that the price has been increasing, and the #second candlestick is a bearish candlestick, indicating that the price has started to decrease. The two #candlesticks should have a similar length and form a top at the same level, creating a resistance level.
Traders often use other technical indicators, such as #volume and #momentum, to confirm the reversal before entering a short position.
#HOOK continues the drop as mentioned, price reached out the support level too, where long are good. If you took the entry then you're in 8% profit, and that's a good move for scalp. Lock-in some position right here and hodl with Breakeven stops.
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Here's the analysis of #HOOK :
#HOOK is been moving downward in a very corrective manner, after the major drop in price. Currently, it filling out the wick and might reach the strong support zone of $1.824 - $1.836. Nothing as of now, because range is very small for shorts. Wait for the price to reach support for potential longs and shorts after break-below.
#ANKR hit the support zone instantly bounced from there. The downtrend line resistance is $0.35 level. Don’t rush for new longs and wait for more confirmations.
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Hello members, to celebrate our upcoming Kucoin Mega Bull Call session we are annnouncing probably the biggest giveaway for our community. All biggest crypto groups coming together to help our community and a total of $10,000 will be given to eligible participants.
Join the bot @Biggestgiveawaybot and get your unique referral link. Share the link with your friends, family and on your social networks.
To eligible for the giveaway you need atleast 5 referral through link and must follow rules mentioned in the bot.
The winner with most number of refferal wil get $3000 reward. Here is full details of how rewards will be given:
RANK REWARD
1 $3000
2 $2000
3 $1000
4 $500
5 $500
6-10 $200
11-50 $50
Final results will be announced on 30th March. Good luck.
#SNX continues to the drop smoothly, and didn't gave any reaction towards the trendline. Price now nearly reached out the major trendline, from where the last longs expected. Break below will give the opportunity for shorts on hourly retest zone.
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#Bitcoin fell lower as mentioned and made a new lower low. Price reach out the minor support area around $21,550 - $21,630. Overall, still more to come and drop till $21,300 and below, so better wait to this weekend and don't over-leverage on any futures trades
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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.
#Bitcoin break below the small uptrend channel and showing lower moves with heavy Bearish momentum This is due to #Powell Speech Yesterday, and a similar speech can happen today, so tighten the stop and don't over leverage on trades. Overall, price nearly reach out the $21,500 support zone.
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What is Three White Soldiers Candlestick Pattern ?
Three White Soldiers is a bullish #reversal candlestick pattern that consists of three long white (or Bullish) candlesticks with small or no shadows. Each candlestick opens within the previous day's real body and closes #higher than the previous day's close.
This pattern is usually observed after a #downtrend, and it indicates a strong reversal in the market #sentiment towards bullishness. The first candlestick represents the beginning of the #bullish move, the second candlestick shows continued buying pressure, and the #third candlestick confirms the reversal.
If the pattern is confirmed, it can provide a good buying opportunity with a stop-loss below the #lowest point of the pattern
#OP continue to fell lower and break the strong support zone too. Trade moved further in profits around 15.4%. I hope you secured more in between to closed all. Currently price flipped above the major level again, around $2.60 will be the strong area for rejection.
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Here's the analysis of #TWT :
#TWT is been a large falling wedge pattern and right now hovering over the major support zone of $1.223 - $1.282. Well, price already reacted from there and back again, as seems like might form a lower low now. Currently, no bias until its shifts the structure/ pattern or breaks below the major support.
What is Tweezer Bottom candlestick?
A #Tweezer Bottom is a bullish reversal candlestick pattern that forms at the bottom of a downtrend, indicating a #potential trend reversal. It consists of two candlesticks that have the same low price, creating a bottom that resembles a #pair of tweezers.
The first candlestick is a bearish candlestick, indicating that the price has been #decreasing, and the second #candlestick is a bullish candlestick, indicating that the price has started to increase. The two candlesticks should have a similar length and form a bottom at the same level, creating a support level.
#Traders often use other technical indicators, such as #volume and #momentum, to confirm the reversal before entering a #long position. If the pattern is #confirmed, it can provide a good buying opportunity with a #stop-loss below the low of the tweezers bottom pattern.
#BITCOIN DAILY TF UPDATE :
Another weekly candle goes bearish as anticipated in previous post (here). Daily TF following the same too and still a tiny move can possible till support. NFP and other fundamentals events coming this week, so high volatility is expected. Price already retraced deeper, so a reversal might come.
Hello Members, the next official Kucoin Mega Bull Call will be planned for :
- Date: Sunday, March 12th
- Time: 16:00 GMT
- Exchange: Kucoin.com
We're excited to announce our next Kucoin Mega Bull with confidence and plenty of time to prepare. Our member count has grown significantly, the crypto market is on the rise, and the pumping scene is ready for a comeback. There are many good opportunities in the crypto market right now, which makes it a prime time for a Mega Bull Call. Our overall network has now surpassed 1 million unique users, and we expect to see a volume of over $2 million and a gain of +1000% for our upcoming Mega Bull Call.
BTC is taking some corrections to balance the wave structure as Fud and retest will also be over next week. Golden crossover has taken place, and hash ribbons that never deceived have also given a buying signal, which is an indication of a massive bull run in the market. The bullish impulsive waves are just getting started. Thus, this is the ideal time for our next Big Call!
Worldwide traders are paying attention and will be prepared to join our next Mega Bull Call this Sunday. We'll share more information, guides, and updates In a few days to make sure everyone is well prepared, pin our channel on top.
Here's an important guide on Kucoin Mega Bull Call ⤵️
https://telegra.ph/How-to-Trade-KuCoin-Mega-Bull-Call-09-20
Stay tuned 😊
There has been a huge amount of #stablecoin deposits to the exchange. It is the highest level of this year 👀. What do you think, what's next 🤔?
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#Bitcoin give a breakout to the upside, after a full day of consolidation. Well, price retest back the range as support and Hopefully, we'll see an upmove as there clean candle looking left. On Daily TF, price can still have room to go down below $22,000.
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What is Dark Cloud Cover Candlestick ?
#Dark Cloud Cover is a two-candlestick pattern that appears on a price chart and is often used as a bearish #reversal signal. The pattern is formed when a bullish candlestick is followed by a bearish #candlestick, which opens above the high of the previous candlestick and closes below the midpoint of the previous #candlestick's body.
The pattern suggests that the market has shifted from a bullish #sentiment to a bearish one, and that the bears have gained control. It is considered more significant when it appears after a sustained #uptrend and is confirmed by other technical indicators, such as #volume and #moving averages.
Traders often use the #Dark Cloud Cover pattern as a signal to enter a #short position or to exit a #long position.
#Bitcoin is been consolidation in a range now, after a huge dump in market. Price just did like nothing after that. LTF, shows range and a breakout will decide the next direction of the market. Bullish above $22,460 and in case of break below $22,000, then a easy move till $21,000 support.
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