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#GOLD UPDATE :
#GOLD broke the range and played to the downside well, but now due to global issues kept on week on week pushing the gold to new All Time Highs. A Deeper retracement is expected towards the $2587 - $2581 area, which will work as support.
#BTC nearly rejected from the strong resistance area and goes into a consolidation and need to see some sort of breakout now.
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What Is a Spoon (Blockchain)?
A spoon is a type of blockchain fork where the new cryptocurrency inherits the account balances of an existing cryptocurrency. It allows a new project to add its own features to the previous software, whilst still allowing the users of the existing protocol to participate in it. Projects spoon in order to attract users and developers of an established platform. They are more amicable than contentious in nature. However, they are very not common in the blockchain industry since their implementation isn’t exactly convenient.
A spoon differs from the more common hard fork by its nature and intention. Most hard forks are contentious, while spoons are collaboration-focused. Hard forks also use the same token as the existing chain, whilst spoons merely copy balances and use another custom token for their purposes. Furthermore, hard forks are designed to steal market share and dominance of an existing platform, while spoons complement the technical prowess of the projects they copy balances from.
Thanks to its large user base and developer community, Ethereum is the most used protocol for spooning. Typical examples include Athereum and Cosmos, both of which took snapshots of the Ethereum blockchain to note and port account balances on their new networks. Unsurprisingly, these networks are compatible with the Ethereum mainnet in various ways and also introduce their own improvements/functionalities to it. But despite copying balances, they have their own tokens and don’t use ETH.
#US30 UPDATE :
#US30 again played well, and printed a new All Time High, with a retest. Now we can again expect the same, have to wait for retest or need to see some sort on support forming on Daily or H4.
Here's the Analysis of #ORDI :
#ORDI is been moving within the falling wedge pattern and kept on bouncing from the major support zone of $24.17 - $25.68. In LTF, price forming a bear flag and kept on breaking it. Expecting, market to move to the upside towards the resistance $47.86 - $51.21.
#DXY UPDATE :
#DXY kinda get into the consolidation and below the Major Resistance zone too. This tends to rise in market as well, so if next week also ranges then we can see further bullish moves towards the $65,000 and higher. Also, have an eye on break as it will lead in further moves.
Here's the Analysis of #SUI :
#SUI broke the bull flag pattern and expected a retest back to the major support zone of $1.39 - $1.42. Price is also supported by the trendline, so it making more strong buy bias.
The decline in new investor wealth, without reaching previous ATH extremes, suggests the 2024 peak resembles the 2019 mid-cycle high rather than major tops of 2017 and 2021. Combined with near break-even transactions and underwater short-term holders amid low overall market losses, these factors indicate a potential significant price movement ahead, likely a mid-cycle adjustment rather than a macro peak.
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#TRX gave a clean break from the resistance trendline and respected the support zone also. Anticipating a 10% - 11% move from here if market sustain above $60,000.
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Here's the Analysis of #TIA :
#TIA is been moving within the channel pattern and making its from the major support zone of $3.72 - $4.14 towards the resistance at $$7.28 - $7.56. Price breaking off the channel pattern making it bullish too. Its a clean tradable range and longs looks good.
#AKRO/USDT is surging from the demand zone and gearing up for a bullish ride 🚀
Buy on MEXC: https://www.mexc.com/exchange/AKRO_USDT
Buy on Binance: https://www.binance.com/en/trade/AKRO_USDT
Short term targets: 10%-30%-50%
During downtrends, patience and HODLing naturally become a dominant market dynamic. A substantial amount of Long-Term Holder coins were spent for profit into the March ATH, creating a net supply overhang.
More recently, LTHs have slowed down their profit-taking, and supply accumulated during the ATH run-up is gradually maturing into Long-Term Holder status. However, historical examples of LTH supply increasing like this show that this usually occurs during the transition towards a bear market.
#BTC enter the $64,000 zone and approaching towards the Strong Resistance area nearby $65,000. Price move as per the prediction and few alt signals also gone good. its time for profit taking and let's see on weekend closing or weekly candle close.
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What Is a SPAC?
A SPAC, or a special purpose acquisition company, is a company set up by investors with the purpose of raising money through an IPO (initial public offering). SPACs have no commercial operations and are formed with the purpose of acquiring an existing company. They are generally formed by a group of investors, known as “sponsors”, where they have the intention of pursuing deals in a particular industry.
The money SPACs raise in an IPO is locked in an interest-bearing trust account where it cannot be disbursed except to complete an acquisition or to return the money to investors if the SPAC is liquidated. They act as an interface between the public and businesses that often face challenges accessing funds.
SPACs are a popular way for companies to go public while avoiding the difficulties of a traditional IPO and ICOs, and without the strong market presence that direct listings require. They are faster and more convenient than IPOs and ICOs in that they allow projects and companies to get assurances from investors early on at an agreed-upon price, rather than the night before like traditional IPOs. Essentially, being acquired by a SPAC will offer business owners a faster IPO process under the guidance of an experienced partner.
#CRB dropped 5%- 6% in favor twice and moved up with the market. Now its shifting the market structure, and need to see a closing above $0.285 or resistance(Upper range) for go in the long positions.
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Here's the Analysis of #ARK :
#ARK is been rejected hard from the resistance zone of $0.53 - $0.54 and also slides below the zone of $0.43 - $0.45 and nothing is clear here. A daily candle close will lead the further drop in price towards $0.36 and lower, so take it accordingly.
Bitcoin miners are crucial to the network, providing hashing power to discover new blocks and receive newly issued coins and transaction fees as rewards. The industry is challenging due to lack of control over energy costs and BTC prices. Despite market uncertainty, miners continue to install new ASIC hardware, pushing the hash rate to 666.4EH/s, nearly reaching an all-time high.
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#BTC weekly candle closed good enough and price approaching toward the next major resistance area of $65,000 area and have to look closely on price action, if its rejects or break.
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Bitcoin's market cycle framework:
1. Deep Bear: Below Realized Price
2. Early Bull: Between Realized Price and True Market Mean
3. Enthusiastic Bull: Between ATH and True Market Mean
4. Euphoric Bull: Above previous cycle's ATH
Currently, we're in the Enthusiastic Bull phase. $51k is a critical support level for continued price appreciation.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF,trying to get a reversal and also broking the resistance area of $60,000 mark. Price nearly tapped into resistance and rejecting. A close above $60,000 is good but $65,000 - $66,000 will stand strong here.
What Is Spear Phishing?
Spear phishing is a targeted attack that uses information from social media, work emails, and other sources to launch a one-on-one phishing attack against an individual.
Spear phishing is more dangerous than mass phishing because it uses your personal information (for example, your interest) to gain your trust. This technique is used mostly by cybercriminals to gather information about your organization so they can exploit vulnerabilities and cause maximum disruption.
The biggest threat of spear-phishing is the damage that it inflicts on the reputation of your business. Whether it's a fake CEO email asking for personal details, spoofing a supplier to gain access to their systems, or tricking staff into installing malware on their computer, every instance of spear-phishing can leave staff feeling anxious and vulnerable. In some cases, they get too embarrassed to admit that they fell for a scam, which means the issue could be overlooked and remain undetected for a long period of time.
How to Save Yourself from Spear Phishing?
Spear phishing is a targeted form of phishing. If you receive an email from someone you barely know requesting sensitive personal information, don't give it out. These emails are usually not sent randomly. The sender may know the person they are trying to scam, including their personal details and interests. They might even know their phone number and address.
Spear phishing can also target people in an organization, such as employees in a particular department or company executives. These attackers usually pretend to be someone whom your business deals with on a regular basis, such as a supplier or customer. Therefore, you should open all types of emails with caution.
Here are some of the steps you can take to prevent spear phishing:
- The foremost thing is to seek awareness regarding cyberattacks and phishing. Organizations need to ensure that they organized education and awareness programs for employees, teaching them how to spot strange links, protect passwords, use social media carefully, and identify suspicious emails.
- To supplement awareness and education, ensure the use of solid email security software. Such software identifies and blocks phishing emails and other cyberattacks.
- No matter how aware and cautious you are, there is a possibility that you will end up being its victim. It is always recommended to create a full backup of your data in an external hard drive, USB, or cloud storage.
- Always use updated versions of software. Hackers constantly improve their methods to get access somehow, which is why it is crucial to ensure top-notch safety by regularly updating your software and installing new security patches.
#AKRO moved 15% - 16% in favor after the call in a short span of time, and hit the 1st TP. I hope you secured some partials over there and leave rest for further TPs...
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#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, driving up from the major support zone and approaching towards key resistance area and physiological area around $65,000. Let wait for the price to reach out there and look for the rejection or break to make further move clarity.
#AKRO/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: $0.004960 - 0.006865 - 0.010080 - 0.015500
Stop if 2D closes below $0.003280
#TOTAL MARKET CAP :
#TOTAL Marketcap nearly reacted from the major support zone, missed by few points but now it gave a closing above strong resistance. The closing was very normal, so we need to see next candle or weekly candle over it.
Here's the Analysis of #BNX :
#BNX moving from one consoldiation range to another range, and stuck up between the support and Resistance Area of $0.81 - $0.90 and $1.64 - $1.73 respectively. Wait for the breakout and take the positions accordingly.
Moving toward realized losses, we note that loss-taking events are elevated, and trade is rising toward higher levels as the market downtrend progresses.
The loss-taking events are not yet at the extreme levels seen during the mid-2021 sell-off or the 2022 bear market. However, the gradual higher drift does indicate some fear creeping into investor behaviour patterns.
#BTC moved perfectly with the plan, Price dipped slightly below the $60,000 and with that a Retest is done. #bitcoin gave a new Higher high with news, and expecting it to push further up towards $65,000 level as market looks clean.
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