116879
Contact for any queries @Steffendude
What Is an On-Balance Volume (OBV)?
On-balance volume (OBV) is a method of forecasting the price changes in an asset by using the element of volume change. OBV is a compounding indicator that builds up the volume on up days and detracts volume on down days to gauge the purchasing and selling pressure.
According to the OBV principle, the 24-hour volume is deemed ‘up-volume’ when an asset's price closes higher than the previous close. On the other hand, the entire day's volume is deemed ‘down-volume’ when the asset's price closes lower than its previous close. OBV will only operate on markets with exchange volume, just as other volume-based indicators, like the Klinger oscillator, money flow index, and negative volume index.
Joseph Granville is the founder of on-balance volume (OBV) metric. According to him, volume defines how the financial markets work, and the price movements occur based majorly on volume. Granville believed that the price eventually sees a huge spike (upwards or downwards) if the market volume of an asset experiences a sharp increase.
A great way to look for resistance breaks is to consider the closing prices that are the main players in the OBV realm. However, the OBV indicator can become useless for a certain period due to sharp volume spikes, and in this case, traders should wait for the settling period (the time between the trades that an order is executed in the market) to be over.
A trend reversal in the bullish or bearish direction can be predicted through divergence signals. They are based on the idea that volume always comes before price (similar to OBV). Therefore, when OBV goes down or closes lower than its previous low, a bearish divergence is formed. A bullish divergence, on the other hand, is when OBV rises and closes on a higher closing price than its previous close.
An important point to note here is that OBV, alone, is not enough to predict the bearish and bullish trends of the market.
#BTC made a flip back below the zone and retesting too. Price moving back and forth over this zone and that good as consolidation is always good for the next rallies. Bias are always bullish since last week, so this week + next week will clear out the picture.
Читать полностью…
Here's the Analysis of #ENJ :
#ENJ is been correcting itself and kinda ranging too. Price broke the trendline showing signs of bearishness and expecting to wipe out the liquidity below and tap-in to support zone of$0.40 - $0.41. If you're looking buys then wait for the zone or a flip above $0.545 will be good for longs too.
#Fidelity submits S-1 form for Spot #Ethereum #ETF, which includes Staking.
Читать полностью…
#Bitcoin market had reached several statistically significant levels with respect to Unrealized profit held within the supply. Metrics like MVRV and the AVIV Ratio reached +1 standard deviation from their long-term means.
Past instances have historically been points of interest, where the market finds a degree of resistance, and some investors start to take profits and chips off the table.
#BTC did moved alot from the expected area but we can see it kept on holding the support zone. Price making multiple retests and trying to push ahead. This week, might have the slightly bullish close, so expected a push from here.
Читать полностью…
Hello everyone, 48 hours left until our massive 10x Pancakeswap GEM call. We can guarantee that this upcoming pump will have amazing results and You should be expecting massive profits on this one. we don’t expect this mega pump to make all our members less than 10x-20x in profits. As we get closer to the pump, more details will follow , stay tuned! Read pinned post 😊
Читать полностью…
Funding Rates goes negative this coming week. Now, this might be catalyst that will push the price this week.
Читать полностью…
#BTC didn't have the retest and made its flip above the neckline from the Head & Shoulder Pattern. Currently, price is retesting back the zone as support and now ready to move higher. Daily Market Structure Turned Bullish, so expected to have it continuation.
Читать полностью…
What Is Offline Storage?
Offline storage refers to the storage of private keys of an account and the funds contained within in an offline device, which means it does not maintain a constant and continuous connection with the internet. This is done to prevent unauthorized and/or malicious access to the device, which can result in theft or misuse of user funds. Offline storage ensures that attackers have no way of accessing the device, making it theoretically impossible to steal crucial and sensitive financial information.
This is opposed to online storage, in which data is kept on devices with an active connection to the internet. Despite encryption and other security measures, there is still a possibility of bad actors accessing the private keys of online storage by bypassing or breaking security measures since the device can be attacked without any time constraint.
In contrast, offline storage devices still come online for a brief period when a transaction has to be sent to the network. However, most go offline as soon as it’s done. Even when a cyber thief is able to access a transaction, the thief would not be able to view the private key used for it. This makes it tremendously hard, if not nearly impossible, to attack the device in this short time window.
Typical examples of offline storage devices are hardware wallets like Ledger, Trezor, KeepKey, as well as offline devices such as CDs, USBs, offline computers, etc.
#BAKE formed the support on Daily TF and clearly moving up. Market is also stable and moving up, so now it look good for buys till a open of Resistance Area of $0.539. Moreover, it falls back to support or lower then the final support will be at $0.35.
Читать полностью…
#BTC Moving as per the Pattern build-up and flipped above the resistance area. Price still not broken the neckline which will confirm the pattern. In between, price can retest the support zone back to $66,000 before moving up. Weekly TF also made a deep retest but not significant for now, so moving higher from here is high probable.
Читать полностью…
More ETH is burnt via transaction fees than the amount of new ETH issued. Since the Merge, we have observed a net reduction in the total circulating supply of -410k ETH. Now, This Indicates the lower Circulating supply of #ETH in coming years and eventually impact the price.
Читать полностью…
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN made a deep correction now and as always said, its good to have the deep corrections with the rising market. Now, Weekly candle doesn't giving any significant sign but yeah it made its closing below the support of #ATH. But also, price already made a retest back to the lower support too around $62,000. So, You can expect the bullish continuation from next week.
#BTC #ETF had a +$243.5M net inflows Yesterday.
Читать полностью…
Dear members,
The countdown begins – only 12 hours left until our most significant GEM 💎Token pump signal on Pancakeswap to date!
- Our ambitious target: 10x-20x gains today, exclusively on the Pancakeswap DEX.
- Utilizing the BNB and USDT(BEP20) pairing for purchases; ensure your account holds them on trustwallet or metamask to seize this opportunity.
- Expect a surge in buying activity from hundreds of traders; act swiftly to secure your position ahead of external participants.
- Post-purchase, it's advisable to hold this pancakeswap GEM for maximum gains as it is going to list on Tier1 exchanges soon.
Get ready for an unprecedented trading experience!
📣 24 hours remaining until our biggest signal on Pancakeswap! This is a community demanded signal and it will be free for all and everyone will receive the signal at the exact same time. A few tips before we begin : Buying early and hold is very important! Make sure to be active during the signal.
We are aiming at 10x-20x gains for this pancakeswap GEM💎 possibly even more, make sure you have BNB or “USDT (BEP20)” in your “Metamask or trustwallet” before pumping.
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.
#TOTAL MARKETCAP UPDATE :
#TOTAL MARKETCAP Looks healthy in which and bullish as of now after the strong fluctuation in the market, Index now stuck between the zone of support around $2.40T - $2.44T and Resistance area of $2.63T - $2.65T. Breakout will resume the extreme greediness in the market and continue the bullrun.
Here's the Analysis of #HOOK :
#HOOK is been kept moving back and forth between the Major Resistance zone of $1.48 - $1.52. Price now testing the zone as major support zone and expected a bounce from here. Price formed a new a resistance zone around $1.640. Accumulation can be good here to go.
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.
#BTC.D UPDATE :
#BTC.D (#Bitcoin Dominance) forming a triangle pattern and made a continuous ranging below the Major Resistance Zone of 54.50% - 54.60%. A new Support is build at 53.00% - 53.15% where index kept on bouncing. A break of either side will decide the trend in altcoins but the only thing is #BTC either slowly pushing up or remain stable.
Here's the Analysis of #SNX :
#SNX is been moving within a parabolic move in a mid-term period and building liquidity below the a Major Resistance area around $5.36. Well, price is pushing aggressively with the #BTC hitting #70,000 mark again. so it wait for wait for a retracement or flip above the zone before any sort of buy and yes shorting would be low probable.
🚀 Attention all crypto enthusiasts! 🚀
🔥 THE FINAL 72 HOURS COUNTDOWN IS ON! 🔥
Get ready for the most EPIC 10x Pancakeswap GEM call EVER!! 💎 Brace yourselves for a RECORD-SHATTERING turnout, with MILLIONS of traders around the globe gearing up to ride this insane wave! The WHALES are backing this tidal wave of success with massive volume injections, propelling prices tremendously and minimizing any dips along the way! 🐋💰
Our unique strategy is simple yet genius - BUY and HOLD as soon as the signal drops, ensuring maximum profits for all. Our objective during this surge is to maximize gains for all members, aiming for a significant increase of 10x to 20x🚀
Date & time of Pancakeswap GEM call : 4pm UTC,March 28
This Gem 💎Token Pump is happening EXCLUSIVELY on Pancakeswap. Don't miss out on this ONCE-IN-A-LIFETIME opportunity
The overall impact of the Dencun upgrade on ETH supply remains uncertain due to interconnected changes:
- Moving Layer-2 anchoring transactions to the blob data structure reduces fee congestion by about 10%, potentially leading to less ETH burned.
- Lower fees on Layer-2s may encourage increased usage of Ethereum's mainchain and scaling solutions, possibly increasing fee pressure.
- The rate of issuance growth is expected to decrease as fewer new validators can join the staking pool.
Ethereum has undergone six major updates, not all affecting ETH supply directly. However, recent upgrades have slowed ETH supply growth, with a slight decrease post-Merge. The chart below illustrates these upgrade events and their impact on ETH circulating supply.
Binance Will Cease Support for Deposits and Withdrawals of USDC via the Tron Network (TRC20)
https://www.binance.com/en/support/announcement/33df0ff0e2e94259950b5c4b1f4952f7
Here;s the Analysis of #OCEAN :
#OCEAN is rejected off from the Major Resistance Zone of $1.28 - $1.35 and kinda ranging. Price also forming the triangle pattern and moving. Well, its waiting time for us, as it need to break either side. But the break above will required a flip above the Major Resistance, So the Plan it Accordingly.
#DXY UPDATE :
#DXY gone perfectly but made the overall market dump, as Dollar going Strong. Now, index broke the resistance area and expected to reach the next resistance area of 104.8 - 105.2. Its better to have hit on resistance and then expected some strong push from there to the downside, which is eventually give a growing impact in the market.
Here's the Analysis of #BAKE :
#BAKE is kinda moving in a large range and rejecting both side of the zone. Price was moving very correctively as the moment and middle of the nowhere. The good point will be wait for a rejection from the support around $0.34 - $0.35 (Blue Zone) and thereafter look for entries.