Here's the Analysis of #MEME :
#MEME is just making lower low and approaching towards the listing price. Price slides below the support zone, and formed a small range inside the falling wedge pattern. Price needs to have a breakout of the range, and the structural resistances too.
#JTO as expected failed to hold the support zone and now floating below the support. Price formed a support and kinda forming a triangle pattern too. Price about to have a break and for buys we need to see a close above resistance too.
Читать полностью…Here's the Analysis of #MANTA :
#MANTA is been stuck in a range between the support and resistance area of $0.63 - $0.65 and $0.74 - $0.76 respectively. On a HTF view, price continuously moving lower and and range trading can be done here. A breakout will lead the directional price in the market.
#GOLD UPDATE :
#GOLD printed some new All Time highs and from past 4 days continuously. Now, we can expect some sort of retracement and back to the key support area of $2468 - $2473. You can trade the retracement and expect a bullish move from there.
Here's the Analysis of #LTC :
#LTC is been moving from Major Levels to Major Level and currently resting over the Major Support area of $62 - $63. Price kinda forming a bullish candle which might end up being a rejection. Potential buys can come with a small stop below the zone.
we evaluated the position of the market relative to levels where investors are likely to be under serious financial pressure. The next step is to assess the investor response, by analyzing the magnitude of losses locked in during the event.
The sell-off triggered a surge in panic by investors, with around $1.38B in realized losses locked in by market participants. In absolute terms, this is the 13th largest event in history on a USD denominated basis.
#BTC surpasses $60,000 and hodls the support zone, by which gave a new breakouts. On H4, we have a breakout and having some sort of liquidity on top, which can be taken out.
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What is #MVRV Ratio ?
The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.
The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.
So what does that Indicate ?
#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.
#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.
#BB Analysis :
#BB is a recently listed coin in binance and moving lower after a High is printed. Price flipped the area of support and expected to continue its drop. Alternate way would be a Daily Candle close over the zone will give early signs of reversal.
Here's the Analysis of #BONK :
#BONK is been is moving within a large consolidation range, moving with the trendline and nothing clear at the moment, the support is at $0.00001387. Look for the further opportunities until price reaches the support.
#DODO had a great closing with a rejection and formed a internal break of structure. Price currently on its way for the retest and build more liquidity lower which can be targets for the potential shorts.
Читать полностью…Here's the Analysis of #RDNT :
#RDNT dumping aggressively and created a new low. As Price formed a new low a now on its way to form a new low. Shorting opportunities can be done only once after a Daily candle closure.
the Z-Score of their Realized Loss has recorded a 6.85 standard deviation move, with only 32 trading days ever hitting larger value. This highlights the severity of the sell-off event in a historical context.
Читать полностью…#BTC now seems to be now in a consolidation range but still holding above the a major support zone. Eyes on breakout now.
Читать полностью…Remarkably, 97% of all losses can be attributed to Short-Term Holders, and the Long-Term Holder cohort were comparatively unfazed.
Focus on the Short-term Holder cohort as the centrepiece for loss analysis moving forwards.
#BTC dropped back due to minor FUD in the market but still holding above the support zone. Price facing multiple resistances at $61,150. Its a new consolidation range now, need to wait for the price to have a clean breakout.
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#US30 UPDATE :
#US30 almost got into the pullback and nearly got retested the support zone and moved strongly higher. Price already at a resistance area and kinda rejecting. A Breakout can lead a healthy pullback in the market.
Here's the Analysis of #MANA :
#MANA is been made a closing below the major support zone and moving back and forth over there around$0.26 - $0.27. Price is been not clear at the moment and need to see a weekly closing.
Key pricing levels for active investors:
Active Investor Price: $51.2k
True Market Mean: $45.9k
These levels estimate the average cost basis for currently active investors, discounting lost and dormant coins. The spot price's position relative to these levels can differentiate between bull and bear markets.
The market found support near the Active Investor Price, suggesting buy-side support around long-term cost basis. A decisive break below these levels would necessitate re-evaluating bull market structure and indicate a large proportion of underwater investors.
#BTC weekly candle closed with a rejection on both side and its a indecisive candle. Daily candle still rejecting the resistance, so LTF break doesn't matter. Market is more into confusing, better wait for a clear closing over $62,000.
Читать полностью…Here's the Analysis of #JUP :
#JUP moving within the a large range and now near the major support zone of $0.650 - $0.690. Price looks like it rebalanced and now hopefully we can move up. But the main thing is next week movement will decide the altcoin moves.
the percentage of Short-Term Holder Supply held in profit, we can see that just 7% of their supply is held in a profitable position, and is similar to the sell-off in August 2023.
This is also more than -1 standard deviation below the long-term average for this metric, and suggests a notable degree of financial stress amongst recent buyers.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, still getting rejection from the newly support and trying to move up from here. Market looks here from here but a wick fill is expected lower before going up so eyes on wickfills
Here's a shortened version of your text:
We can gauge the sell-off severity using the Short-Term Holder Cost-Basis and its -1 standard deviation band:
* Short-Term Holder Cost-Basis: $64,300
* Short-Term Holder Cost-Basis -1SD: $49,600
The Spot price nearly reached the -1SD band, with only 7.1% of trading days (364 out of 5139) recording a lower deviation. This highlights the rapid pace of the market decline.
#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, again slide below the support zone and now testing the zone as resistance area. On LTF price forming a price forming a small channel pattern and likely to have a lower break. Overall, a good thing is we need to see a breakout of the channel.
#BTC gave a successful close below of the support zone and now retesting zone as resistance. Price also travelling inside the channel pattern., which need to broken yet.
Читать полностью…