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What Is Maximal Extractable Value (MEV)?
Maximal Extractable Value (MEV), formerly known as miner extractable value, gauges the profit potential for miners, validators, sequencers, etc., by allowing them to arbitrarily manipulate transactions within the blocks they generate. MEV represents the overall profit achievable through ordering, including, or omitting transactions from a block. While it offers additional revenue streams, MEV introduces potential risks to a network's security, fairness, and stability.
The relevance of MEV has surged with the rise of decentralized finance (DeFi) platforms on blockchain ecosystems. These platforms facilitate intricate financial transactions, and as the volume and complexity of transactions increase, there is a higher risk of exploitation by malicious actors.
The concept of MEV dates back to the early days of blockchain, gaining prominence with Ethereum's smart contract capabilities. Ethereum's programmable nature has led to the development of diverse financial products, creating opportunities for extraction by both savvy and unscrupulous actors.
Unlike proof-of-stake chains, proof-of-work chains like Bitcoin are less susceptible to MEV. Bitcoin's lack of smart contracts limits opportunities for transaction reordering. Consequently, parties seeking to exploit MEV opportunities typically focus on ETH rather than BTC due to Ethereum's versatile smart contract functionalities.
How Does MEV Work?
Opportunities can arise when actors with influence over transaction orders can benefit from them. Examples are price differences between DEXs or liquidation events in lending platforms.
The key idea is that transactions compete with each other for confirmation. When a user submits a transaction, it is broadcast to the network and placed in a pool of pending transactions known as the mempool. The transactions with the highest transaction fees tend to get prioritized by profit-seeking miners and validators. Thus, strategically manipulating the ordering of transactions within a block allows them to increase their profits at the expense of others.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, did a close below of the zone, which might be a potential fakeout for the market. Well, price is now retracing back to the resistance area,where is rejecting a bit. But overall market is in bullish sentiments, so a close above will push the price to expected area around $46,600 - $$47,200.
What Is Ethereum Request For Comment (ERC)?
Ethereum Request for Comment (ERC) is a set of standards and guidelines for proposing improvements to the Ethereum blockchain. Each ERC defines a unique protocol or set of rules, specifying how new features, tokens, or functionalities can be added to the Ethereum network. These standards facilitate interoperability and compatibility among different Ethereum-based projects.
ERCs are similar to proposals in Bitcoin as BIP , and they play a crucial role in the development and evolution of the Ethereum ecosystem. They cover various aspects such as token standards, smart contract interfaces, and other technical specifications. Developers and the Ethereum community use ERCs as a collaborative tool to discuss, debate, and refine proposed changes before implementing them on the Ethereum blockchain.
Common ERC standards include ERC-20 (fungible tokens), ERC-721 (non-fungible tokens or NFTs), and ERC-223 (token transfer improvement). Each ERC standard addresses specific use cases and requirements, promoting consistency and widespread adoption across the Ethereum platform.
#BITCOIN DAILY TF UPDATE :
#BITCOIN pushes down over the resistance zone of towards the structural support area and made strong rejection from there. Well, its back towards the build-up resistance again, so now its formed a range. Dynamics has been changed but anticipation would be same, so eyes on Same breakout level.
Another this to notice that, H4 consolidating in a very tight range below the Zone, which also lead the short-term bearish move.
One notable characteristic of the 2023 market is the remarkably limited depth of price pullbacks and corrections. In historical terms, during bear market recoveries and bullish trends for BTC, it's common to observe pullbacks of at least -25% from the local high, with many instances exceeding -50%.
Yet, the most substantial correction in 2023 amounted to just -20% below the local high. This implies that the buy-side support and the overall supply and demand balance have been favorable throughout the year.
Here's the Analysis of #XRP :
#XRP is been kinda ranging between the major resistance area of $0.68 - $0.69 and strong support around $0.59 - $0.60. The intermediate Resistance is at $0.633. Fir Short selling setup have to wait for the price to break below the zone Entries at the retest.
Here's the Analysis of #FTT :
#FTT is been following a uptrend channel pattern and currently retesting the strong support area of $4.75 - $4.87 . Price also forming a triangle pattern, where breakout is pending. You can wait for the price to break out and take entries. For short-sells, its also a pretty handsome range to take it, in case of break below.
Here's the Analysis of #SAND :
#SAND is been rejected off from the resistance area of $0.580 - $0.587 and currently, melting below the support zone of $0.51 - $0.52. This zone will act as resistance after the closing and give the shorting opportunity till next support zone of $0.450 and lower and the next strong support zone of $0.37 - $0.38.
Here's the Analysis of #STX :
#STX is got a strong Rejection From the Major Resistance Zone of $1.20 - $1.23 and also flipped below the strong area of $1.03 - $1.06. Currently, price testing as resistance area, which can lead the price for a downmove. In case price flip the zone, then you can enter into buys targeting major resistance area.
What is Ichimoku Kinkō Hyō ?
Ichimoku Kinkō Hyō, commonly known as Ichimoku Cloud, is a technical analysis indicator developed by Japanese journalist Goichi Hosoda in the late 1930s. The name "Ichimoku Kinkō Hyō" can be translated as "equilibrium chart at a glance." The indicator is widely used in Japanese trading rooms and has gained popularity in the global financial markets.
Ichimoku Cloud provides a comprehensive set of information about potential support and resistance levels, trend direction, momentum, and the likelihood of future price movements. The key components of Ichimoku Cloud include:
1. Kijun Sen (Base Line): This is a mid-term moving average calculated by averaging the highest high and the lowest low for the past 26 periods.
2. Tenkan Sen (Conversion Line): This is a short-term moving average calculated by averaging the highest high and the lowest low for the past 9 periods.
3. Senkou Span A (Leading Span A): It represents the midpoint between the Tenkan Sen and Kijun Sen. This value is plotted 26 periods ahead.
4. Senkou Span B (Leading Span B): It represents the midpoint of the highest high and the lowest low over the past 52 periods. This value is also plotted 26 periods ahead.
5. Kumo (Cloud): The area between Senkou Span A and Senkou Span B. It is often shaded to visually represent the cloud.
6. Chikou Span (Lagging Span): The closing price of the current period plotted 26 periods back.
Traders use Ichimoku Cloud to identify trend direction, potential support and resistance zones, and to generate trading signals. Crossovers of the Conversion Line and Base Line, as well as the position of the price relative to the cloud, are commonly used to make trading decisions. The Ichimoku Cloud is considered a versatile and holistic indicator that can be applied to various financial instruments and timeframes.
Bitcoin crossed over the $40k mark to open December and Gold also pushed to new all-time-highs over $2,110 relative to the USD this week, setting a new historical high against all fiat currencies. Indexed to the start of the year, BTC has outperformed both ##USD and #Gold denominators.
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To put the current supply profitability into perspective, the chart below highlights three typical cycle phases over the last 5 years.
Bottom Discovery 🟥 where less than 58% (-1 std) of circulating coins are in profit.
Bear/Bull Transition 🟨 where the market is recovering from the Bottom Discovery phase (or falling from Euphoria) by trading within 58% of supply in profit and 90%.
Euphoria 🟩 where most coins are in profit as the price is reaching the last ATH (+1 std).
The market has been within the Bear/Bull Transition phase for the past 10 months, as it recovered from the 2022 bear trend. The majority of 2023 has traded below the all-time average, with the October rally being the first sustained break above.
What Is a DYCO (Dynamic Coin Offering)?
DYCO (dynamic coin offering) is a new crowdfunding model developed by DAO Maker that employs utility tokens that are backed by USD for the first 16 months of their lifespan in order to promote accountability from project developers.
Notably, the USD backing allows DYCO investors to refund their tokens in the event that the project claim their share in case the project is not able to deliver a viable product. For example, if an investor sees that project developers veered off course, they can opt to return their allocated tokens and get their money back. Refunded tokens permanently leave circulation via burning, giving the project an adjusted valuation as the token supply is reduced, which in turn, increases each token's value.
The USD backing also provides a hedge against a token’s downward price movements while offering unlimited upward momentum.
Apart from targeting the primary market, DYCO has a second iteration called dynamic coin offering version two (DYCO v2), which focuses on building trust even on the secondary market.
In a DYCO v2, a smart contract distributes tokens to investors in the form of a toll bridge, catering to original buyers who have no intention to stay with the project long term. In such a case, it allows them to refund their allocations and exit during a project’s initial days.
Notably, a team that seeks investments through a DYCO has no power to alter the set refund dates. DYCO v2 fine-tunes this functionality by accounting for a project’s early growth without inconveniencing those who want to leave early and negatively affecting the secondary market’s confidence.
The first blockchain project to use this model was Orion Protocol.
#GMT is been moving good with the Daily Candle closure and moving around 7.5% in favor, Well, its smoothly moving and broke the 4H structure and expecting a deeper retracement, back to the zone or at $0.272.
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the chart below shows the net balance change of these various 'stored' supply metrics since 1-Jan-2022. We use the change in circulating supply (orange) as our baseline, and see that the rates of accumulation by investors ranges from between 1.1x through to almost 2.5x new issuance.
Not only are our measures of 'available supply' at historical lows, the rates of 'supply storage' by investors are also meaningfully higher than issuance rates in a pre-halving environment. The cyclical nature of Bitcoin market cycles during bear markets and halving events can be described by these investor accumulation patterns, reminding us of a saying in markets
#DXY UPDATE :
#DXY is been followed the plan perfectly, market also co-related with the movement too. Index reached the major support zone and now, its a matter of time to wait, for the Monday Market Open. Index already being having a rejection, but a wait for a clear break or a rejection with a weekly candle, which will decide the Next Market Move in the Market.
Here's the Analysis of #WLD :
#WLD is been printed a new #ATH (All-Time High) a week ago, and in a retracement phrase, by which dropped around 31%. Well, nothing can be done here, better wait for a deeper pullback till support area at $2.35 or bear minimum at $2.73. On H4 TF, Price creating a Falling Wedge Pattern, by which a breakout will decide the next direction of it, so have an eye on it.
Looking at on-chain data, the Realized Cap serves as a valuable metric for monitoring the resurgence of capital inflows into BTC and ETH. During the bear market of 2022, both assets experienced a decline in Realized Cap, indicating a net outflow of capital, reaching approximately -18% for BTC and -30% for ETH, similar to historical cycles.
Interestingly, the recovery of capital inflows has been notably sluggish. Bitcoin's Realized Cap ATH reached levels observed over 715 days ago, in contrast to the faster full recovery seen in previous cycles, which typically took around ~550 days.
Here's the Analysis of #FET :
#FET is been made a easy flip above the major Resistance Area of $0.57 - $0.59 and made a rejection from the Strong Resistance zone of $0.71 - $0.75. Currently, price is again testing zone, and expecting a breakout now. In case price breaks below the $0.69 level the we can go for shorting opportunities which decent lots.
#Bitcoin got a rejection from the structural resistance and major support zone, in which price formed a new tiny little range. Well, price is been forming a triangle pattern and where it could take some more time to break it. So, have an eye on the pattern and the zones as well. Also, market is driving through the less volume these days, so not expecting much any sooner.
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#ORDI exactly moves what we anticipated and again it followed the same. Price again made a retest back to the zone and move near to its #ATH(All-Time High). Well, trade made profit around 52.3% and i hope you secured some at the top. Price is again dipping and a potential buys again come but wait for the candle closing.
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Here is the analysis of #HOOK:
#HOOK experience multiple rejections at the resistance area of $1.18 - $1.21 and there is a high volatile volatile big wick moving back and forth over the zone of support around $1.02 - $1.04. Price is kinda consolidating between the zone and its a tradable range of 12% for short-term move. Alternatively, you can wait for a breakout to happen to take the potential setups either side.
#Bitcoin made a sweep of liquidity of the previous Higher High and range below the Resistance too. Price gave a sharp down, which was already mentioned and expected normally. Price straightaway moved into Major Support Zone of $40,800 - $42,000 and below it. Well, the momentum turning bearish and daily closing below $43,300 will create a bearish Market Structure.
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Here's the Analysis of #ORDI :
#ORDI printed its All Time High Back 2 days ago and now in a retracement phrase reaching the strong support zone of $42.90 - $44.61. Also, Price formed a Head and Shoulder Pattern, which is kinda a reversal pattern, which might lead in price for strong pullback. Price is already near its ATH, so better wait for the oppotunrities.
Market performance for #BTC since the cycle high is also strikingly similar to both the 2013-17 and 2017-21 periods. Note that here we use the April 2021 market top as the cycle peak, which we argue is a better reference point for comparing cycle duration.
🔴 2013-17: down -42% from ATH
🔵 2017-21: down -39% from ATH
⚫️ 2021-23: down -37% from ATH
This is on the basis of a very broad spectrum of metrics which signaled that this was the zenith in market sentiment, adoption rates, and investor confidence
#TOTAL2 (Altcoin MarketCap) Update :
#TOTAL2 flipped above the major resistance zone and tested as major support too around $675B - $687B. Well, Index might again do a retest back to the, which lead in short-term correction in alts. Additionally, If weekly candle sustains above the zone then we can see some strong rally in the altcoin, which will push the market till nearly about $790B mark.
#DXY Update :
#DXY flipped to the upside, which impacted the alts and market a bit. Well, if the closing found above the 103.75, when we can expected it to reach till strong resistance area of 104.21 - 104.41, which will lead in a healthy correction in the market. More over, its forming a Head and Shoulder Pattern, which is a reversal pattern, so have an eye on it.
Dear members,
6 hours left until the biggest signal we have ever done on MEXC!
- Our target will be 5000%-7000% gains today. We will be using the MEXC exchange.
- 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.
Other Moving Averages in the List
Double Exponential Moving Average (DEMA):
The Double Exponential Moving Average (DEMA) is a sophisticated technical indicator that seeks to reduce lag and provide a more responsive moving average. It achieves this by applying two exponential moving averages (EMAs) to the price data. The primary goal is to capture price trends more efficiently by smoothing out fluctuations. DEMA is particularly useful for traders looking for early trend signals.
Hull Moving Average (HMA):
The Hull Moving Average (HMA) is a refined moving average that aims to minimize lag while maintaining smoothness. It employs weighted moving averages and a square root of the period to achieve this. The HMA reacts quickly to price changes, making it suitable for traders who want timely signals without sacrificing accuracy.
Weighted Moving Average (WMA):
The Weighted Moving Average (WMA) is a type of moving average that assigns different weights to data points. Unlike a simple moving average, WMA emphasizes certain points in the calculation. This weighting is achieved by assigning specific weights to each data point. WMA is more responsive to recent changes in the data, offering a nuanced view of trends.
These moving averages play vital roles in technical analysis, providing traders with tools to better understand and interpret price trends in financial markets.
#BITCOIN DAILY TF UPDATE :
#BITCOIN still moving in a range building up liquidity over the Highs. Price yesterday swept out the liq. and given a close below it. Well, we already anticipated this in Daily TF. Price continue to do this until a shift in structure kicks in. Let's see it might ready to test the support around $35,500.