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#TOTAL MARKETCAP UPDATE :
#TOTAL MARKETCAP stayed intact with the resistance area and dropped hard. Analysis played well though, market dumped as mentioned. Right now, Index on a support and need to wait for the Daily candle close. Close below will have the clean range to move lower support so stay alert on this.
Here's the Analysis of #FET :
#FET continuously dropping within the a huge down trend channel pattern and in between no clear or major support area so go go for buys. Price kept on printing lower lows and shorting will go good.
#TOTAL2 MARKET CAP :
#TOTAL2 is retracing back to the a key flip area of $1.03T - $1.04T, Index now reacting over the support but need to watch-out the zone, it will decide the next altcoin rally. Closing below will lead in a good drop is altcoins, so trade effectively.
Here's the Analysis of #SAGA :
#SAGA just dropping lower after getting rejected from the $2.98 - $3.09 with the break below of the a clean uptrend channel pattern. On the left no support area there right now, only resistance so you can wait for the flip of the resistance around $2.00.
#BTC hodl the flip area and made it way to $70,000 again with the news rejected from resistance with #FOMC meeting back to the same area. More news in ahead in time, this week news, gonna drive the market crazy.
Читать полностью…#BTC.D UPDATE :
#BTC.D played well, as per the analysis, with a breakout. Altcoins have a strong correction in the market right now, with that Index reached the recent highs too, again short-term correction will come, so, don't get into the early as it might be a trap.
Notice of Removal of Spot Trading Pairs - 2024-06-14
https://www.binance.com/en/support/announcement/cbc625e02b784e769eb0d59ac31d3e5a
📉 Bitcoin Market Alert 📉
Over $187 million in liquidations occurred in the past 24 hours as BTC experiences a significant dump. Stay cautious and watch the market closely! 🛑
#Bitcoin
Ethereum under a similar framework and can see the dramatic impact of the ETF approvals. The news motivated almost instantaneous buy-side pressure, with all three timeframes printing their first >20% price movement since late 2021.
If we consider the sizeable impact and influence that spot ETFs have had on Bitcoin since the turn of the year, the ETH/BTC trading pair may be exhibiting early signs of a more promising road ahead.
#GOLD UPDATE :
#GOLD moved back and forth with a dump now. Price is kinda retracing now and a new Lower low is expected. The next key area is around $2278 - $2284. Expecting a reaction from here but not hodling it.
Here's the Analysis of #FIL :
#FIL is been going around a build up support area and formed a symmetrical triangle pattern over it. Ton of rejections going on and have to look after a break as price will drive though it only, so eyes on it.
#US30 UPDATE :
#US30 moved perfectly with the drawn up chart and getting rejected too. Now, index reached a market structure point within the internal structure, so expected a continuation in drop here, by which support will be broken.
As prices rise due to increased buying pressure, the role of the opposing selling pressure from long-term holders (LTHs) becomes more significant. We can evaluate the unrealized and realized profits of LTHs to gauge their incentive to sell and actual selling activity. The MVRV Ratio for LTHs, reflecting their average unrealized profit multiple, historically trades between 1.5 and 3.5 during the transition from a bear to a bull market, lasting up to two years. If the uptrend persists and new all-time highs are formed, LTHs' unrealized profits will expand, increasing their incentive to sell and potentially exhausting demand-side buying pressure.
Читать полностью…#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, broken the trendline and continuously dropping. Price reached the Mid area of the range and a support area too. Minor reaction is expected not enough to turn the market. Look for the next week so get a clear and positive view in the market.
We can monitor corrections by tracking the magnitude of unrealized losses held by investors, particularly the percentage of coins that have lost their "in-profit" status compared to the local price peak over a 90-day rolling window. This represents new capital entering the market, absorbing sell-side pressure during an uptrend, and subsequently falling into loss during a correction. The depth of these drawdowns in the current uptrend is similar to the 2015-2017 bull run, suggesting a relatively robust market without an excessive volume of coins bought at overly high prices.
Читать полностью…#BTC again dip down back to the support area and nearly got there. Potential price gonna have a retest and a up move is expected. Now, its making mess price action within a range.
Читать полностью…During bull market uptrends, the percent of Bitcoin supply in profit breaks above 90%, signaling the Pre-Euphoria phase and incentivizing long-term holders to take profits after enduring the previous bear market. As prices make a new all-time high, the market enters the Euphoria phase where supply in profit fluctuates around 90% for 6-12 months. The current Euphoria phase is relatively young at 2.5 months, with 93.4% of supply in profit now. Long-term holders distributing to new buyers is a recurring pattern driving these cycles.
Читать полностью…#EDU pin precisely rejected from the support area with the market and straight away hit the resistance area too(red box). Now its time to look for the breakout for potential buys and if you bought at the marked support then hodl it with BE stops as it moved 21% in favor.
Читать полностью…Here's the Analysis of #POLYX :
#POLYX driving with the supporting up trendline and trying to flip above the Major Resistance Area of $0.47 - $0.50. A daily candle close above, which will give the potential buys calls. Take after the candle close and scale-in with retest.
Bitcoin hit a new all-time high of $73,000 in early March, with long-term holders taking profits, creating an oversupply that led to a correction. As prices fell, seller exhaustion set in, allowing re-accumulation. Bitcoin ETFs saw net outflows in April, with a -$148M/day outflow at the $57,500 local low, signaling capitulation. However, the trend sharply reversed last week with a $242M/day net inflow, suggesting renewed buying demand. Notably, this ETF inflow dwarfs the $32M/day selling from miners post-halving, highlighting ETFs' significant impact compared to diminishing miner influence.
Читать полностью…#BTC continues it drop and even goes below the zone, also price pin precisely rejected the key area and turning the break into the fakeout. Well, this could be a reversal but have to see the news upcoming in NY Open Time.
Читать полностью…#ETH UPDATE :
#ETH Broke out of the consolidation and given a successful close below. Daily candle closing shows bearishness in the market and alts gonna strongly fall like nothing after that. Fear is increasing in the market so better stay away from it.
What Is Scrypt?
Scrypt is a password-based key derivation function (PBKDF) that was originally proposed as an alternative to other key derivation functions like PBKDF2 and bcrypt. It is designed to be more secure against specific types of attacks, particularly those that leverage specialized hardware like Application-Specific Integrated Circuits (ASICs) and Graphics Processing Units (GPUs).
The main features and design goals of Scrypt are:
1. Memory-Hardness: Scrypt requires a large amount of memory to operate, making it resistant to attacks from custom hardware implementations like ASICs or GPUs, which have limited memory compared to their computational power.
2. Parallelization Resistance: Scrypt is designed to be inherently sequential, meaning that the computation cannot be easily parallelized, which limits the potential speedup from using multiple processing units or cores.
3. Key Stretching: Like other PBKDFs, Scrypt is used for key stretching, which involves deriving a long key from a short password or passphrase, making it more resistant to brute-force attacks.
Scrypt is used in various cryptocurrencies, including Litecoin, Dogecoin, and Verge, as the key derivation function for their proof-of-work (PoW) consensus algorithms. By using Scrypt, these cryptocurrencies aim to make their mining process more accessible to regular computers and resist the centralization of mining power that can occur with specialized hardware like ASICs.
While Scrypt was designed to be more secure against certain types of attacks, it is important to note that its security guarantees rely on the specific parameters used and the availability of sufficient memory resources. As computing power and hardware capabilities evolve, the effectiveness of Scrypt may need to be re-evaluated, and alternative memory-hard key derivation functions may be explored.
#BTC perfectly dip down as per prediction due to its corrective nature and now expected a retest of the flip level/ support nearby $67,500. Eye on the area, nothing to do in between.
Читать полностью…If we examine the rolling performance of the Bitcoin market across weekly 🟥, monthly 🟦 and quarterly 🟧 timeframes, we can see generally strong performance, recording values of +3.3%, +7.4%, and +25.6%, respectively.
To highlight periods of particularly strong price performance, we can count the number of trading days within a 90d window where performance across all three timeframes exceeds +20%. Only 5 days through the last quarter have reached this threshold so far.
In prior cycles, this count reached between 18 and 26-days, which suggests the current market may be somewhat more measured relative to historical bull markets.
#BTC Weekly candle closed somewhere in between and of the medium bullish one and a rejection too. #Bitcoin on hourly TF, looks like holding the support/flip area over the zone and move correctively. We can experience a dip again due to this nature.
Читать полностью…