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Contact for any queries @Steffendude
#BTC did attempted to breakout and again closed before turning it into a fakeout now. We have a support at $70,500 which price rejected it and looks like again going for a retest now. A new Higher High is expected very soon, by the end as structure is bullish.
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Trading With The Trend
#Trading with the trend, also known as trend following, is a objective in trading plan, that involves taking positions in markets in the same direction as the dominant trend. The idea behind this, is that trends in the market tend to persist and that following the trend can lead to higher profits than attempting to predict market reversals.
#Traders who follow this strategy typically use trend analysis #tools, such as moving averages or #trendlines, to identify the direction of the trend and to make decisions about when to enter and exit trades. This can involve taking long positions when the trend is #bullish and short positions when the trend is #bearish.
It is #important for traders to have a well-defined #risk management plan in place to mitigate these risks and to have a solid understanding of the #markets in which they are trading. Additionally, traders should be aware that trends can change and be prepared to adjust their #positions accordingly.
#US30 UPDATE :
#US30 made a very deep pullback and towards the origin points of the move. Currently, index moving back and forth of the intermediate flip level, before moving up, a retest is expected, mentioned in the chart.
Here's the Analysis of #HIGH :
#HIGH rejected strongly from the major resistance area of $7.44 - $7.84 and right now, price testing the trendline zone as support and might go bit lower for a retest. Well, Nothing looks good enough here, better wait for the setup.
#ALICE haven't gave the retracements and again made a push towards the major resistance area. Price broke though the resistance and now acting as support and potentially, we can see a bounce from here.
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Here's the Analysis of #XEM :
#XEM made a strong dump of 33% due to #Binance Delisting News and hits the major support zone of $0.023 - $0.024. Also, technical indicating the same, and right now nothing should be done as it would be a risky move. Its a High risk here, so take it accordingly.
What is #SOPR ?
The #SOPR (Spent Output Profit Ratio) a very simple indicator, which reflects the degree of realized profit and loss for all coins moved on-chain. It’s calculated from spent outputs, the realized value (#USD) divided by the value at creation (#USD) of the output. Or simply: price sold / price paid.
#SOPR values greater than 1 implies that the coins moved that day are, on average, selling at a profit (price sold is greater than the price paid).
#SOPR value less than 1 implies that the coins moved that day are, on average, selling at a loss (price sold is less than the price paid).
#SOPR value of exactly 1 implies that the coins moved that day are, on average, selling coins at break even.
Successive peaks of high SOPR (creating an indicator uptrend) suggest continual distribution, usually during a bullish price rallies. As more coins are spent back into liquid circulation, the probability of a local or macro market top increases.
#MANTA moving very correctively after the breakout, and now the call nearly at 15% - 16% in profits. Its recommended to close 90% positions as it moving very slowly.
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#BTC weekly candle closed bearish and bit indecisive too, showing sells are heavy. Currently, #BTC just moved back and forth within a range and a drop is expected back towards the support. Price nearly, gonna retest the flip level and likely to get a rejection.
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#YOLO/USDT Mega Signal Recap! 🚀
With around 300k USDT in volume and a peak of 3200% (32X), we ensured a fair and safe pump for our community—0% prepump and zero prebuy.
Although the peak didn't last as long as we intended it to, our coin sat as the #1 gainer on MEXC and our whales bought after our members and made 2nd min candle higher than 1st min and peak in 3rd min candle giving opportunity to all our members who bought in 1st and 2nd min candles to take massive profits.
Big names are hyping #YOLO globally, and our whales are gearing up for another pump for #YOLO in the coming weeks. Overall, we can safely say that this signal was a huge success and that the upcoming one will be a long lasting pump and our whales will continue buy for hours to make sure we reach again 100X 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!
Keep buying, traders around the world are buying in!
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2nd wave starting now, buying every small dip before reaching new highs!!
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Keep buying, our whale will support market buy!🚀
https://www.mexc.com/exchange/YOLO_USDT
Here's the Analysis of #VET :
#VET going through the large downtrend channel pattern and make a consolidation range over the support zone of $0.033 - $0.034. Buys looks healthy here but to be sure you can wait for the breakout of the consolidation.
Miner Supply of Bitcoin at it's Lowest in 14 Years
Miner holdings of Bitcoin are in decline, down 50% from highs. It was over 5,000 days, or 14 years, since miner reserve of Bitcoin was this low
#BTC surpasses the $70,000 level and continued the push higher towards the next resistance area around $71,250. Price getting some sort of rejection and a retest back to $68,000 is expected before moving up.
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The Long-Term Holder (LTH) Binary Spending Indicator, which tracks the intensity of selling by long-term Bitcoin holders, showed a significant and sustained decline in the LTH supply leading up to the $73,000 all-time high in March. This indicated that long-term holders were actively distributing their holdings during the price rally, creating selling pressure. However, in the last few weeks, this distribution pressure has eased off markedly, suggesting that long-term holders are no longer aggressively selling at the current price levels. This reduction in selling by long-term holders gives the bulls more breathing room and lessens the overall resistance in the market.
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#BTC did again attempted to break the resistance and surpasses the $70,000 mark. Price looks like getting a rejection and dumped , sustaining below the resistance again. Again, its unclear to take any any anticipation, looking this weekend to clear out something.
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#GHST continued its way to the upside and achieved the 2nd target. Price made a high of $2.22 which is 41.5% in profits. Keep securing profits with the increasing market price 📊
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A confluence of the SOPR Ratio Z-Score and MVRV Ratio Z-Score trading below their means, combined with the Realized Loss Z-Score trading +2 standard deviations above the mean, suggests both long-term holders and shorter-term traders are experiencing substantial losses. This increases the likelihood of capitulation selling from multiple investor cohorts, potentially exacerbating downward price pressures in the Bitcoin market.
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Countdown Alert! Less than 3 hours until $TWIF Launches on DigiFinex! 🌐
• Listing Price: $0.04🚀
• Check out the full information on DigiFinex's official announcement : https://support.digifinex.com/hc/en-us/articles/33132277095321--New-Coin-Listing-Tomwifhat-TWIF-Launches-on-DigiFinex
• Currently available on MEXC, PancakeSwap and Uniswap
🥞PancakeSwap buy link: https://pancakeswap.finance/swap?outputCurrency=0x62760e76DCe6b500349EC5F6119228d047913350
🦄Uniswap buy link: https://app.uniswap.org/#/swap?outputCurrency=0x62760e76DCe6b500349EC5F6119228d047913350
Ⓜ️MEXC buy link : https://www.mexc.com/exchange/TWIF_USDT
https://www.binance.com/en/support/announcement/f65faeeefe07417a8b6dd2900ba8da7e
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#ETH UPDATE :
#ETH made a successful break there after and but volume and market conditions are not favorable to altcoins. Price still consolidated in range, and looks like a retest is predicted bottom of the range around $3613.
3rd wave incoming!! Buy the dip and hold this gem for maximum profits!!
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Big waves starting now, buying every small dip before a new high!!🚀🚀
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Hold on tight, we’re about to go much higher!!
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The coin we are pumping tonight is: YOLO
https://www.mexc.com/exchange/YOLO_USDT
Buy and hold for massive profits🚀