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#BTC did what we said, price rejected nearby its drawn up resistance zone around $26,600 and dropped. Well, now we can expect a new lower low to form and tapping below $25,000 support.
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What is OCO Order ?
An OCO (One Cancels the Other) order allows you to place two orders at the same time. It combines a limit order with a stop-limit order but only one of them can be executed. This means that as soon as one of the orders is partially or fully filled, the other is automatically canceled. Manually canceling one of the orders will also cancel the other one.
When trading on Binance, you can use OCO orders as a basic form of trade automation. This feature allows you to place two limit orders at the same time, which can minimize potential losses. However, the use of OCO orders may vary slightly, depending on the specific exchange used.
For instance, you may have bought 5 ETH for 0.34 BTC due to speculation that ether will likely increase in value against bitcoin. You can then use OCO orders to minimize losses should your prediction be incorrect, or take profits if the outcome is in your favor.
To do this, you could place a profit-taking order at 0.4 BTC, along with a stop-limit order at 0.3 BTC. If the price rises to 0.4 BTC, your sell order will be executed and the stop-limit order will be canceled automatically. Conversely, if the price drops to 0.3 BTC, the stop-limit order will be executed and your profit-taking order will be canceled.
The sell order will only be placed if the trigger price is reached or exceeded, which in this case is 0.34 BTC. So, if the price of ETH/BTC drops to or below 0.34 BTC, a sell order will be placed at 0.3 BTC.
The OCO feature allows traders to work in a safer and more versatile way by automating the aforementioned tasks, so they can lock in profits and minimize risk. Do note that while this is a simple tool, using it effectively requires a good understanding of limit and stop-limit orders.
#ADA is been given a break below of the zone which is the short-sell opportunity. Price moved in 5.62% in profits. Better it time to set at breakeven and hodl it. We've clean traffic, to the left and might hit BE stops. Attempting sells until it flips above the zone.
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Here's the Analysis of #LUNA :
#LUNA is been consolidating in a range and kinda trying to hodl above the support zone of $0.388 - $0.393. Well, if market remains stable, then we can see a push in price till Resistance zone around $0.46 5 - $0.470. You can either trade the range or Wait for Break below of the zone.
#UNFI made a final push and dumped hard back to the support zone. Well, In this ranging market, our call peaking more than 50% in favor. Right now, Price broke below the support zone, so buying would be risky. Shorting would he Higher Probabilistic.
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#BTC gave a strong fakeout over the zones and slowly declining the below but support nearby standing strong. Well, Looking into #DXY we can have a short-term upmove before going lower. Moreover, more fundamental events coming in, to tighten your stops too.
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What is Mempool?
A mempool (a contraction of memory and pool) is a cryptocurrency node’s mechanism for storing information on unconfirmed transactions. It acts as a sort of waiting room for transactions that have not yet been included in a block.
When a transaction is broadcast, it is sent from a node to its peers, who will then pass it on to their peers. This continues until the transaction has been widely propagated, ready for miners to add it to a block. It’s vital that this buffer zone exists, as transactions are not added to the blockchain immediately.
Nodes will run a series of checks to ensure that the transaction is valid – i.e., verifying that signatures are correct, outputs do not exceed inputs, and funds have not already been spent. If it fails to satisfy these conditions, it is rejected.
We often speak of the mempool, but it should be noted that there is no universal pool shared by all nodes. Each one is configured differently and receives transactions at different times. Lower-end devices with limited resources may only dedicate small amounts of memory to logging transactions, whereas higher-end ones might devote considerably more.
As miners are motivated chiefly by profits, transactions with higher fees attached are those most likely to be discarded from the mempool first as they’re confirmed. Accurately estimating fees is difficult, particularly when block space is limited, and demand is high, but the mempool provides a starting point.
To estimate fees, one can look to the current unconfirmed transactions. It stands to reason that users should not overpay in times of low throughput. Nor should they underpay for time-sensitive transactions at peak times, as it may be a while before it gets confirmed. By taking into account the spread of fees at a given moment, they can make an educated guess at how quickly their transaction will be included.
#Bitcoin network settlement continues to languish, currently residing at a value of $2.63B.
This remains just $660M (25%) off of the cycle low of $1.97B, highlighting the significant lull in network settlement.
Here's the Analysis of SNX :
#SNX is been gave a fakeout above the Strong Resistance Zone of $2.36 - $2.41 and hodling above the structural support area of $2.16. Well. Range is pretty much tight for anything but for shorts, its looking clean. Wait for 4H candle to close below and take low risk here.
Big News 🛑
#FTX will likely get approval to liquidate its assets on Sept. 13.
#FTX had $3.4B in Crypto in April. The proposed plan is to sell assets worth up to $200M per week.
Use Tight Stops in Every Trade, Specially in #SOL #APT #DOGE #XRP #MATIC
3 hours left until the mega pump on MEXC! Things are looking great for us and we will definetly be expecting a very nice pump!
Here is a list of things you need to know before the pump:
- The faster you buy the more profit you will make, buying early is the most important factor that will determine your profits.
- If you are using market buy , using the 100% option won't work , instead use between 75% and below.
- The pump will be free for all and on MEXC, the signal will be given on all our telegram groups at the same time
#BITCOIN DAILY TF UPDATE :
#BITCOIN is been consolidating in a range and did an attempt to test it as resistance. Well, its range to kinda movement is slow and volume is dead. Overall, trend is down and slowly lining towards the Support near $25,000.
Here's the Analysis of #ZIL :
#ZIL is been floating over the major support zone of $0.0152 - $0.0157 and made a small bear flag pattern, which is a bearish continuation pattern. Well, Buys and Sells both are risky at this point unless we get a breakout. Wait for Break and set a alert for it.
What are Testnets ?
A testnet, short for "test network," is a separate blockchain network used by developers to test and experiment with new features, upgrades, and applications without risking real assets or transactions. It serves as a sandbox environment for blockchain projects to ensure the stability, security, and functionality of their software before deploying it on the live mainnet.
Here are some key characteristics and functions of testnets:
1. Isolation: Testnets are isolated from the mainnet, meaning they run on a different blockchain with its own tokens or assets that have no real-world value. This isolation allows developers to conduct experiments without affecting the actual cryptocurrency network.
2. Simulation: Testnets simulate the conditions of the mainnet, including transaction processing, smart contract execution, and consensus mechanisms. This allows developers to identify and address any bugs, vulnerabilities, or inefficiencies in their code.
3. Free Tokens: Testnet tokens, often referred to as "faucet" tokens, are freely available to users and developers. These tokens can be used for testing purposes, such as sending transactions, deploying smart contracts, or interacting with decentralized applications (DApps).
4. Public and Private: There are both public and private testnets. Public testnets are open for anyone to use and are ideal for testing the broad functionality of a blockchain project. Private testnets are restricted to a specific group or organization and are often used for more confidential or specialized testing.
5. Version Compatibility: Developers use testnets to ensure that new versions of blockchain software are compatible with existing versions. This compatibility testing prevents network disruptions and forks when upgrades are deployed on the mainnet.
6. Community Feedback: Testnets provide an opportunity for developers to gather feedback from the community, identify potential issues, and make improvements based on real-world testing.
7. Smart Contract Development: Testnets are particularly crucial for smart contract development. They allow developers to verify that their smart contracts perform as intended and are secure before deploying them on the mainnet.
8. Rapid Iteration: Since testnets are not constrained by the same rules as mainnets, developers can rapidly iterate and experiment with various features, configurations, and applications to refine their blockchain project.
#BTC made a strong jump and crosses the Consolidation Range and gave a breakout above it. Well, This might due to #DXY made a tiny rejection with the resistance area. A weekly candle close will clear the direction and potential moves.
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Here's the Analysis of #SUSHI :
#SUSHI is been consolidating over the last area of support or we can say nearby its ATL (All-Time Low) around $0.472 - $0.551 and kinda wait for a breakout to take any setups into account. You can have a range trading or Potential buys above $0.63 Mark. For shorting, wait for the major support to break.
#Bitcoin network settlement continues to languish, currently residing at a value of $2.63B.
This remains just $660M (25%) off of the cycle low of $1.97B, highlighting the significant full in network settlement.
#BTC goes exactly what HTF indicated. Price Strongly dipped below the $25,000 level and even goes nearby major support zone $24,880. It might be a manipulation move, so overall, upper are will remain as resistance and might reject again.
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What is Multi-signature Wallet ?
The term multisig stands for multi-signature, which is a specific type of digital signatures that can be created through the combination of multiple unique signatures. The multisig technology makes it possible for two or more users to collectively sign digital documents or cryptocurrency transactions.
Despite the fact that multisig has been extant within the world of cryptocurrencies, the principle is one that existed long before the creation of Bitcoin. The technology was first implemented to Bitcoin addresses in 2012, but the first multisig wallet was only created one year later.
How does it work?
In short, the funds stored on a multi-signature address can only be accessed when 2 or more signatures are provided at the same time.
As a simple analogy, we can imagine a secure deposit box that has two locks and two keys. One key is held by Alice and the other one is held by Bob. The only way they can open the deposit box is by providing their both keys at the same time, so one cannot open the box without the approval of the other.
This means that multisig wallets offer an additional layer of security and by using this technology, users are able to prevent the problems that often occur with the use of single-key wallets (the ones that rely on a single private key to be accessed). By having a singular key, the funds of common cryptocurrency wallets are protected by a single point of failure, and that is why cybercriminals are constantly developing new phishing techniques to try and steal the funds of cryptocurrency users.
Since multisig addresses require more than one signature to transfer funds, they are also suitable for businesses and corporations that may want to store funds on a shared wallet. This would mitigate the risks that arise by keeping the funds in the hands of a single person or by handling a single private key to multiple individuals at the same time.
#ADA gave a break below, of the zone started to pushing lower. Well, Its as per our plan, so if you took the trade, then try to trail the stops with moving market.
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Here's the Analysis of #ARB :
#ARB is been selling-off from the major resistance zone of $0.912 - $0.931. Also, price formed the Bear Flag, which price is resulting. Looking Left, Levels are clean to move lower, no potential levels to hodl. Wait for the price to pullback and take short-sells over $0.87.
#SNX made a support near the structural area and gave a strong Rejection Candlestick, which might a reversal move till strong resistance zone of $2.36. Careful with any sort of buys and all.
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#BITCOIN WEEKLY UPDATE :
#BITCOIN Previous Weekly Candle Cleared out the Previous Week High and this week, price mostly consolidated and making a indecision candle.Still, We're bearish, so downtrend continuation is expected and Target remain the same.
#JET pump summary:
Amazing signal with around 170k USDT in volume with a peak of +10200%. Hundreds of thousands of MEXC traders took notice of our call on #JET as it climbed the 'Top Gainers' list, resulting in massive profits for all! As we promised our whales supported our coin and we managed to go beyond our profit expectation perfectly and we're glad everyone participated. Although the peak didn't last as long as we intended it to, our coin sat as the #1 gainer on MEXC for few minutes. The sell pressure we faced today was unexpected, and as you can tell from our previous signals our coin should've stayed at its peak for much longer. Which means we gave external selling pressure from bots. Overall, we can safely say that this signal was a huge success and that the upcoming one will be a long lasting pump and we will make sure to reach again +10000% gains on MEXC. We are receiving many messages of appreciation and we are glad many of you managed to turn a massive profit on this signal! Stay tuned for our next signal announcement!
The coin we are pumping tonight is : JET
https://www.mexc.com/exchange/JET_USDT
Buy and hold for massive profits
Dear members,
6 hours left until the biggest pump we have ever done on MEXC!
- Our target will be 5000%-7000% gains today. We will be using the MEXC exchange to pump.
- We will be using the USDT pairing to buy, make sure you have USDT in your account to buy the coin.
- Hundreds of hundreds of traders will be buying at once, make sure you buy early before outsiders do.
- If you plan to use your whole balance, you can buy using 75% of your balance initially at market price, use the remaining of your balance to place buy orders!
- When you buy the coin and it's time to sell, never sell on the buy supports! Instead sell slowly in parts as the price goes up.
- After buying, we highly suggest to place buy orders below the market price as the price moves up.
📣 12 hours remaining until our pump on MEXC! Our pump 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 fast is very important! Make sure to be active during the pump. If you buy and sell for a profit we suggest adding a buy order at a lower level afterwards to ride the waves and help support the pump, never sell on the buy supports! Instead sell slowly in parts as the price goes up. We are aiming at 5000%-7000% gains today possibly even more, make sure you have “USDT” in your “MEXC wallet” before pumping.
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Exactly 24 hours left for the biggest MEXC Mega Pump we’ve ever seen, expect profits of no less than 5,000% and a volume never seen before, our big whales will be pushing price up for hours after our initial signal, getting the biggest volume from outside traders, and making sure all our members make huge profits again!
Make sure you have “USDT”in your “MEXC wallet”before pumping. Be ready at 4pm GMT tomorrow.
#LINK is gave a breakout above the small range and might have potential to move to the upside. Resistance will play well as obstacle to rejection from. Risk Takers Can take the risk here with Very tiny size.
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Here's the Analysis of #ADA :
#ADA is been consolidating (Grey Box) over the major support zone of $0.2525 - $0.2547. Well, Overall market is bit messy at the moment. We've to wait for a breakout of the range either side. Short-sells will be high probable to us, to have an eye on it.