116879
Contact for any queries @Steffendude
Here's the Analysis of #ICP :
#ICP dropped hard after breaking the major support zone of $4.615 - $4.767 and reached till the next major area around $3.500 - $3.767. Currently, price is retracting a bit and approaching towards the structural resistance at $4.11. Expecting a rejection from there and a break above we've clean range to move towards $4.623, so wait for a setup and risk accordingly.
#LINK dropped hard from out entry point and nearly tapped the major support zone of $4.55 - $4.73. Trade goes around 23% in profits, i hope you secured the position over there. Currently, price is in a retest phrase, testing resistance around $5.390 - $5.530. Rejection is expected from, take the opportunity.
Читать полностью…
#Bitcoin tried to jumped after the #CPI news and but data was mixed to anticipate. Now price is very corrective and we've some bunch of high volatile news coming along. We can expect heavy breakout either side this week with the news, so keep and eye on it.
Читать полностью…
Here's the Analysis of #TRX :
$TRX is been trending up in very corrective way and is been flipped above the major support zone of $0.0702 - $0.0709. Currently, price is been in a corrective phrase and might push up after a retest till next resistance zone around $0.0743 - $0.0747. If you want to take risk, go with a lower one,
Upcoming Volatile News Events and all Timings are in GMT. Careful with your positions
Читать полностью…
#KAVA stared the consolidation range after the breakout of the bear channel pattern. If you opened any fresh position, might be running breakeven. and better wait for the breakout to be done and take opportunity either side but shorts will be high probable.
Читать полностью…
Here's the Analysis of #MATIC :
#MATIC is been dropped hard with the other altcoins and reached the support zone of $0.520 - $0.534 and currently, is being on correction phrase. Price formed the resistance on 4H TF and might continue to push down. For shorts, it better to wait for the price to break below $0.613. For buys, it would be risky at this point, but it will be above $0.656.
Benefits of Using #DEX
Using a decentralized exchange (DEX) offers several benefits:
1. Control: DEXs allow users to retain full control of their funds and private keys. There is no need to trust a centralized entity with custody of your assets, reducing the risk of hacks or theft.
2. Security: DEXs are built on blockchain technology, which provides a high level of security through cryptographic protocols. Transactions on DEXs are typically executed directly on the blockchain, reducing the risk of manipulation or fraudulent activities.
3. Privacy: DEXs often prioritize user privacy by not requiring personal information or conducting extensive KYC (Know Your Customer) procedures. Users can trade and interact with the DEX platform while maintaining their anonymity.
4. Transparency: DEXs operate on public blockchains, allowing users to verify and audit transactions independently. All transactions and smart contract operations are recorded on the blockchain, providing transparent and tamper-proof information.
5. Liquidity: Many DEXs leverage liquidity pools and automated market-making algorithms, which can enhance liquidity and enable efficient trading without relying on traditional order books.
6. Global Accessibility: DEXs are accessible to anyone with an internet connection, regardless of geographical location. Users from different countries can participate in decentralized trading and benefit from a more inclusive financial ecosystem.
7. Reduced Fees: DEXs often have lower fees compared to centralized exchanges since they eliminate intermediaries and associated costs. Users can save on trading fees and enjoy more cost-effective transactions.
Over the past week, there has been a notable movement of #Bitcoin coins from #Miners to Exchanges, with the largest amount reaching $70.8M.
This represents the third largest $inflow in history, falling $30.2M short of the highest recorded inflow of $101M observed during the main bull market of 2021.
Binance Margin Will Delist the BNT/BUSD, CVX/BTC, POLS/BUSD, POWR/BUSD, STPT/BUSD & STRAX/BUSD Isolated Margin Pairs
https://www.binance.com/en/support/announcement/binance-margin-will-delist-the-bnt-busd-cvx-btc-pols-busd-powr-busd-stpt-busd-strax-busd-isolated-margin-pairs-cd599a0f00004f399b03b8077788e39c
What is #DEX ?
A #DEX, short for Decentralized Exchange, is a type of cryptocurrency exchange that operates on a #decentralized network, such as a blockchain. Unlike traditional centralized exchanges that rely on a central #authority to facilitate transactions, DEXs enable peer-to-peer trading directly between users. They typically utilize smart contracts and decentralized #protocols to execute trades in a secure and transparent manner.
#DEXs offer several advantages over centralized exchanges, including increased #privacy, reduced reliance on intermediaries, and greater control over one's funds. Since transactions occur directly between #users, there is no need for a centralized party to hold and manage user funds. This enhances security and eliminates the risk of #hacking or theft associated with #centralized exchanges.
DEXs also promote the principles of decentralization and censorship resistance, aligning with the ethos of cryptocurrencies. By leveraging blockchain technology, DEXs enable users to trade digital assets while maintaining ownership and control over their private keys.
Examples of popular DEXs include #Uniswap, #SushiSwap, and #PancakeSwap, each operating on different blockchain networks such as #Ethereum and #Binance Smart Chain.
Thats massive sell-off in #ALGO, price did retraced and continued push lower as mentioned. Price nearly tapped into the zone and dropped hard. There's no further data back in different exchanges so better wait for the potential short, rather than buys.
Читать полностью…
Here is the analysis of #EOS:
Price broke the descending triangle with the big red candle. There may be a possible retest of the $0.817-$0.833 level and this is the zone for short selling. Wait for some time for better opportunities.
#KAVA did gone according our plan, Price gave a close below of the zone and made a low of $0.763, making around$17.3% in profits. Price reached the bottom of the zone area and best time to sure maximum position here. If daily candle close below, it then we'll try to potential scale-in.
Читать полностью…
Here's the Analysis of #KAVA :
#KAVA took a solid rejection over the major resistance zone of $1.195 - $1.275 and kinda ranging the zones. The strong support level is around $0.423 - $0.512 and there's a in-between support level zone of $0.759 -$0.826. Currently, price doesn't looks good enough too buys, and for impulsive shorts, below $0.923 looks good.
What is Core Wallet ?
A #Core wallet refers to the original software wallet implementation of a cryptocurrency. It is typically developed and maintained by the core developers or the official team behind the #cryptocurrency. Core wallets provide users with full control over their funds and offer features such as creating new addresses, sending and receiving transactions, and participating in the cryptocurrency's network consensus.
Core #wallets often require users to download and synchronize the entire blockchain of the respective cryptocurrency, which can take time and require significant storage space on the user's device. They are considered to be more secure than other types of #wallets, such as web wallets or mobile wallets, as they do not rely on third-party services or online platforms.
Examples of core wallets include #Bitcoin Core, #Ethereum Core (Geth), and #Litecoin Core. These wallets are typically designed for advanced users who prefer to have direct control over their cryptocurrency holdings and actively participate in the network.
#TOTAL2 UPDATE :
#TOTAL2 going as per than plan and dropped hard. Index did flipped above the zone of eventually ended up being a fakeout. It reached the Major support zone around $490B - $496B and reached nearby it. Minor retracements possible, but overall, trend is down.
Greetings to everyone,
Our last KuCoin Mega Bull Call broke all records and to celebrate the upcoming Mega Bull Call we're giving our community an amazing surprise in this bear market. the biggest crypto whales wants to help our community and a total of $15k will be given to eligible participants.
Join the bot @WhalesGiveaway_Bot and get your unique referral link. Share the link with your friends, and family, and on your social networks.
To be eligible for the giveaway you need at least 5 referrals through the link and must follow the rules mentioned in the bot.
The winner with the most number of referrals will get a $5000 reward. Here are full details of how rewards will be given:
🔝RANK 💰REWARD
1 $5000
2 $3000
3 $2000
4 $1000
5 $750
6-10 $250
11-50 $50
The final results will be announced on 31th July. Good luck.
What is Airdrop ?
Airdrops in crypto refer to the distribution of free tokens or cryptocurrencies to a specific group of individuals. These tokens are typically given away by blockchain projects as a marketing strategy to promote their project, increase awareness, and attract users. Airdrops can be distributed to existing token holders of a particular project, members of a specific community, or even to the general public. Participants usually need to meet certain criteria or perform specific tasks, such as holding a minimum amount of tokens, completing a registration process, or engaging in social media activities. Airdrops can provide participants with an opportunity to obtain new cryptocurrencies without having to make any financial investment. They also serve as a means for projects to distribute their tokens widely and potentially build a supportive community around their project.
- Transactions below $10M in size have seen consistent withdrawals, with a net outflow of over $130M/day maintained all week.
- Transactions above $10M in size have seen consistent deposits, with inflow rates ranging between $15M and $30M/day.
This indicates that the impact of the SEC news is more pronounced on larger entities, such as institutions, compared to smaller ones. Whether this trend continues in the following weeks is yet to be determined.
#BITCOIN WEEKLY UPDATE :
Now its worth noting that, #BTC started pushing lower, and Weekly Candle creating Lower lows. Mid-term view will be, price reaching towards the support zone of $24,600 - $24.150. So, Daily is also bearish, so looking for the down move till there.
🛎New Signal announcement!
Hello everyone, we're thrilled to share that our next Kucoin Mega Bull call is coming up soon! Here are the details:
🗓 Date: Sunday, June 18
⏰ Time: 17:00 GMT
🏦 Exchange: Kucoin
💰 Cost: Free for all
🚀 Target: 500%-1000% gains
After the huge success of previous signal and hours of discussion with our team, we have decided to schedule our next signal in 6 days to make sure that we are fully prepared. With the support of our giant market whales and In combination with a lot of Discord groups and Telegram groups we have more reach than ever before! and we are ready to unveil our next Mega Bull Call on Kucoin.
We expect our upcoming signal to be massive as our whales going to make multiple waves during call and heavy buying after our members to make our peak maximum and last longer. We are doing this signal on KUCOIN for multiple reasons. 1st of all, we believe that with our massive buying power we will be able to reach 1000% easily possibly even more. 2nd of all, Kucoin doesn't require KYC meaning you can make an account there without verifying your identity and get past any restrictions other exchanges could have. Finally, there is very little hidden sell pressure in the orderbooks. Our main goal for this signal will be to make sure that every single member in our group makes a massive profit. With our ability to keep creating the most powerful and biggest signals , we will take every opportunity we can get. We welcome everyone to join us as we create the next big event all traders and investors all over the world have been waiting for.
We have 6 days to prepare for this massive Kucoin Mega Bull Call, this event will be the biggest one that we have done in the history of our group and will top our previous ones in terms of % gain. Be ready for further announcements and don’t forget to turn on your push notifications for our channel! See everyone this Sunday at 17:00 gmt. Stay tuned😊
#KAVA is been on the support zone and formed the Bear Flag formation. Price already gave a breakout of the zone pattern and did a retest of it. Anticipating. price to continue pushing lower and break-below the Daily Support.
Читать полностью…
#BTC still moving inside that area and kinda resistance zone standing strong around $26,000. Price is very corrective in nature, so continuous rejection is still expected. A breakout of $26,000 or $25,500 is need to see any Impulse move.
Читать полностью…
Here's the Analysis of #TOMO :
#TOMO is been trending higher high irrespective of market conditions and get a solid rejection over the strong resistance area of $1.749 - $1.789 and $2.511 - $2.603. Price is hodling above the structural support at $1.225 and Strong resistance too. Its likely to wait for the price to reach any level to take setups.
#Bitcoin holders continue to accumulate coins, undeterred by challenges. They are acquiring around 37,400 #BTC per month, showing their strong commitment to long-term investment.
Читать полностью…
#BTC took a retest back to the resistance zone around $26,000. Price tapped and rejected but also kinda ranging in between. Well, we can see similar thing happened in the past and need to see strong breakout.
Читать полностью…
What is 51% Attack ?
A 51% attack is a cybersecurity threat that can occur in blockchain networks. It involves an individual or a group gaining control over more than 50% of the total mining power in the network. With majority control, the attacker can manipulate the blockchain by creating an alternative chain of blocks. This allows them to engage in activities like double spending, where they can spend the same cryptocurrency multiple times. By creating a longer private chain, the attacker can invalidate previously confirmed transactions and disrupt the network's normal functioning.
During a 51% attack, the attacker can also manipulate consensus rules by modifying or excluding transactions from blocks. They can prioritize their own transactions, censor specific transactions, or even create new transactions that were never originally made. This can lead to network disruptions, loss of trust, and financial losses for participants relying on the blockchain.
However, conducting a 51% attack is not easy. It requires significant computational power and resources, making it more feasible in smaller or less secure blockchain networks. Well-established networks with a large number of participants and a high level of decentralization, like Bitcoin, are more resistant to such attacks.
While a 51% attack remains a known vulnerability, it is important to note that they are relatively rare and are primarily associated with smaller cryptocurrencies or less secure networks. The broader cryptocurrency ecosystem continues to evolve and implement measures to enhance security and mitigate the risks of such attacks.
#BTC smashed down after the long consolidation and given a break-below of the support. Meanwhile Daily Candle isn't closed yet, so it might reject the structural support zone. Overall, anticipating the a retest back to $26,000 for continue pushing lower.
Читать полностью…
What are the Disadvantages of Using CEX ?
1. Centralized Control: CEX platforms are operated by centralized entities that have control over user funds and trading activities. This means users must trust the exchange to handle their assets securely and fairly. Centralized control can make CEX platforms vulnerable to hacking, theft, or internal malpractices.
2. Privacy Concerns: When using a CEX, users are often required to provide personal information and complete Know Your Customer (KYC) procedures. This can raise privacy concerns as users' personal data is stored and potentially shared with third parties, making them susceptible to surveillance or identity theft.
3. Counterparty Risk: CEX platforms act as intermediaries in trades, matching buyers and sellers. This introduces counterparty risk, as users must rely on the exchange to execute trades and process withdrawals. If the exchange faces technical issues, financial difficulties, or becomes insolvent, users' funds could be at risk.
4. Limited Control Over Private Keys: In most CEX platforms, users do not have direct control over their private keys, which are essential for accessing and managing their cryptocurrencies. This lack of control means users are dependent on the exchange's security measures and may face challenges in recovering their funds if the exchange experiences issues.
5. Limited Transparency: CEX platforms operate under their own rules and policies, which may not always be transparent to users. Price manipulation, trading restrictions, or sudden policy changes can occur without prior notice, potentially impacting users' trading strategies or investments.
6. Market Manipulation: Due to the centralized nature of CEX platforms, they can be susceptible to market manipulation. This includes practices such as fake volume reporting or insider trading, which can distort market prices and harm unsuspecting traders.
It's important for users to carefully research and choose reputable CEX platforms that prioritize security, transparency, and user protection. Additionally, individuals who prioritize self-custody and control over their assets may consider using decentralized exchanges (DEX) as an alternative option.