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#BTC.D UPDATE :
#BTC.D is been broke out the range and with that #BTC touched the $31,000 mark. Altcoin performed the same and managed to keep up with it but quite less. The next good area for resistance would be 52.78% - 53.13%. If you're in alts trade with good profit, make sure to secure major one here.
#BITCOIN WEEKLY UPDATE :
#BITCOIN made drastic jump of near about 20% this week and candle is going to close today. Closing is important and need to close above the resistance area of $30,200 to sustain bullish. If this closes below, then it will turned it into a rejection will let the price drive down.
the overall value of profit and loss events has reached its lowest point in the current market cycle, standing at $268 million. This level harkens back to October 2020 when Bitcoin prices were around $10,000, underscoring the subdued nature of capital movements within the asset class throughout this year.
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#APT made a another push to print a new higher high and kinda close below the structural resistance. Still, trade pushed around 11.5% in profits. It better to secure some and make Stops to Breakeven.
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#BTC hodl the support level and straight away hit the next strong resistance zone around $31,370. The move was due to news based on the market. Now this is our new range to deal with, and price is bullish to must breakout to the upside. A break below of the zone will be considered as end of the rally for short-term and deeper retracement will come.
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#SEC approves first leveraged #Bitcoin futures #ETF 🚀🚀
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What are Strong Hands ?
"Strong hands" are terms used in trading and #investing to describe individuals who exhibit resilience and conviction in holding onto their #assets, even during periods of market volatility or downturns.
Strong hands refer to investors who have a long-term perspective and are #confident in the value and potential of their investments. They are less influenced by short-term price #fluctuations and external market noise. These individuals have a #solid understanding of the fundamentals and believe in the long-term growth prospects of their #assets. They tend to hold onto their investments, even during challenging times, without being easily swayed by #market sentiment.
#BTC is been ranging after the strong impulsive move as mentioned. Also, price holding above the support zone of $29.820, which seems to be good for it. Candle We need to see a breakout of the daily candle for the next impulsive move.
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What are Weak Hands or Paper Hands?
"Weak hand" or "Paper Hand" is a term commonly used in #trading and #investing to refer to individuals who are easily influenced by short-term market fluctuations and tend to sell their assets quickly, often at the first sign of price #decline or volatility. These individuals lack conviction and are more prone to making impulsive decisions based on fear or panic rather than a #long-term investment strategy.
A weak hand #investor is typically driven by emotions and reacts to market movements without considering the underlying #fundamentals or #potential for future growth. They may lack patience and the ability to withstand temporary price fluctuations, leading them to sell their #positions prematurely and potentially miss out on potential gains.
In Past 24H, there were around $160M worth of short liquidated 📊
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Here's the Analysis of #OCEAN :
#OCEAN just broke out of the consolidation range as the #bitcoin pumped till $30,000. Still We would say its in a range until it break the previous swing high. The major support is $0.300 - $0.307, where price might retrace too or a flip is required to take longs from structural support.
Funding rates across #Binance, #Bybit, #OKX, and #Deribit all remain roughly flat throughout the month despite a brief spike on #Binance around the #Blackrock #ETF filing.
does that means Strong Hand taking control 👀
#Bitcoin made a strong jump of 6.5% in a day and continues the push after the resistance. Price reached the minor resistance areas and expected a pullback to happen at support around $28,200. #BTC again turned bullish, and next target is resistance around $30,000.
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Bitcoin Long-Term Holders on the other hand are remarkably calm, displaying no discernible reaction to the news. Their exchange inflow volume this week was just 0.004% of their total holdings, with 66% of all trading days seeing a larger relative inflows.
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#BTC goes as predicted and moved above the $27,000 mark. Price is almost there to retest the $27,350 resistance area. We might see the continuation push till there or in case of flip below, we can continue to push bearish.
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#APE stuck between the zone and started ranging, so a proper breakout would be need to seen for any sort of buy or shorts setups. A per Daily TF, candle wick rejecting resistance alot, so a break below would be potential swing trades.
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Here's the Analysis of #VET :
#VET is been rejected from the major resistance zone of $0.0193 - $0.0195. 4H nd Daily structure remain the bullish, but a deeper retracement is possible at the moment. So nothing can be done for now, just wait for the price to to develop support on daily TF to take continuations.
What are Diamond Hands ?
#Diamond hands, on the other hand, are a variation of strong hands and emphasize an even higher level of conviction and #determination. The term "diamond hands" is often used to describe #investors who not only hold onto their assets during market downturns but also refuse to sell even in the face of extreme volatility or negative news. These individuals have unwavering faith in their investments and are committed to riding out the ups and downs of the market, with the belief that their patience and long-term outlook will be rewarded.
Both #strong hands and #diamond hands represent a mindset of #resilience, patience, and a focus on long-term #goals rather than short-term fluctuations. These #investors typically aim to maximize the potential returns of their investments by staying committed to their strategies and not being easily swayed by market sentiment or temporary #market conditions.
Belgium Regulator Orders #Binance to Cease #Crypto Services in the Country.
These days #Binance getting alot of trouble to deal with, be safe with your funds 📉
Here's the Analysis #APE :
#APE is kinda stuck between the ranges and zone, and price rejected hard from the resistance around $2.35 - $2.40 and currently taking off from the support area of $2.165 - $2.195. Right now, range is not enough to take buys from so wait for the proper breakout.
#OCEAN breakout of the tiny consolidation range and did a retest too. Potentially, price can push higher from here and if you took buys then hodl with tight stops. Let see what the outcome will be.
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#Coinbase saw more buying compared to selling over the past few days while the opposite trend occurred on #Binance.
What's your view 👀
Here's the Analysis of #MASK :
#MASK is been trending down inside the downtrend channel pattern and testing the resistance line too. Well, price might break or reject from here and if daily candle closed bearish and form resistance then we can expect a down move till strong support zone $2.591 - $2.811.
#APT going going good as far it flipped above the zone. Price is been jumped around 9.3% in favor and its a good time to secure some profits with stops at Breakeven. a Push in expected till resistance area around $8.45 - $8.62, which is the final take profit area.
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#Bitcoin easily achieved the $30,000 target as predicted and broke & retest the previous zones too. Now, we've open room for next around $31,370 - $31,770. The jumps were massive, so a quite bit of consolidation is expected too.
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What is Deterministic Wallet ?
A deterministic wallet, also known as a hierarchical deterministic (HD) wallet, is a type of cryptocurrency wallet that generates a sequence of private and public key pairs from a single master seed. This master seed is typically represented as a series of words called a mnemonic phrase or seed phrase.
The key advantage of a deterministic wallet is that it simplifies the process of backing up and restoring wallets. With a single mnemonic phrase, users can recover all their private keys and access their funds. This eliminates the need to manually back up each individual key, reducing the risk of losing access to funds due to lost or corrupted keys.
Additionally, deterministic wallets provide a hierarchical structure, allowing for the creation of multiple accounts or addresses from a single master seed. Each account or address can have its own unique key pair, providing improved privacy and organization.
Deterministic wallets adhere to a specific algorithm, typically based on BIP-32 (Bitcoin Improvement Proposal 32) or BIP-39. These standards define the process of generating and deriving keys in a consistent and secure manner.
Overall, deterministic wallets offer convenience, improved backup and recovery processes, and better organization of cryptocurrency holdings, making them a popular choice among cryptocurrency users.
#APT gave a flip above the zone, which open a new range for buys but at the same time, its trading inside a bear flag, so long would be risky at this point, you can take small risk you want
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Here's the Analysis of #APT :
#APT dropping hard and broke below the strong level around $6.90 - $7.15 and testing it as resistance. Price taking rejection over that level, so wait for the daily candle to print bearish, to show rejection. Another, case can be a flip above the zone, would open the room for potential buys.
Price able to flip the resistance area and as expected #STX is moving toward the next resistance of $0.668-$0.679 area. If you have bought then increase your stop loss to breakeven point and hold this trade.
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Here's the Analysis of #FET :
#FET dropped hard towards the strong support zone of $0.178 - $0.193 as per market conditions. Currently, a retracement is expected till resistance around $0.220 - $0.227 for continuation for down-move. Alternatively, if price flips below the zone, then we can look into potential setups for the same.