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$ADA TRADED IN A CLOSED RANGE Between $0.5817 and $0.6273 for a while , following which the market lost momentum, resulting in a price breakdown. The #cardano coin recorded a loss of 26.5% in valuation within the next few days #Write2Earn #TradeNTell #ada
The bitcoin network hit a new all-time high yesterday when looking at the number of bitcoin addresses on-chain that hold at least 0.01 bitcoin balance. This new all-time high came in at 9,245,770 bitcoin addresses that meet the criteria.
So why exactly is this a big deal?
Bitcoin price has been falling from approximately $69,000 to under $58,000 over the last week or so. This drop in price would normally signal a drop in transaction volume, active addresses, and various other metrics. But we have seen persistent demand from users of the bitcoin network to accumulate bitcoin in small or large quantities, regardless of price.
Many people assign these persistent, periodic buys to one of two factors — (a) new users coming on-chain or (b) continued dollar-cost averaging by small investors. Remember, we aren’t talking about very large dollar amounts here. The US dollar equivalent of 0.01 bitcoin currently sits at approximately $570. It doesn’t take many $20 or $50 daily, weekly, or monthly purchases to dollar-cost average into a 0.01 bitcoin balance.
Another important aspect of this new all-time high metric is that we are purely talking about on-chain bitcoin addresses, which does not include exchange accounts where the majority of bitcoin and cryptocurrency investors will go to buy, sell, or hold their assets. When you account for this detail, the 9 million number that may have previously seemed small compared to the global population, now seems a little bit more impressive.
But is there more to the story than simply the all-time high in bitcoin addresses with more than 0.01 bitcoin balance? Absolutely.
Take a look at the total transaction fees per day that people are paying to miners. This is the lowest it has been since around March or April of 2018.
The total can be misleading though, so let’s take a look at the mean of all transaction fees being paid to miners. That is also at a multi-year low.
Hope each of you has a great day.
I’ll talk to you tomorrow.
#TradeNTell
So why exactly is this a big deal?
Bitcoin price has been falling from approximately $69,000 to under $58,000 over the last week or so. This drop in price would normally signal a drop in transaction volume, active addresses, and various other metrics. But we have seen persistent demand from users of the bitcoin network to accumulate bitcoin in small or large quantities, regardless of price.
Many people assign these persistent, periodic buys to one of two factors — (a) new users coming on-chain or (b) continued dollar-cost averaging by small investors. Remember, we aren’t talking about very large dollar amounts here. The US dollar equivalent of 0.01 bitcoin currently sits at approximately $570. It doesn’t take many $20 or $50 daily, weekly, or monthly purchases to dollar-cost average into a 0.01 bitcoin balance.
Another important aspect of this new all-time high metric is that we are purely talking about on-chain bitcoin addresses, which does not include exchange accounts where the majority of bitcoin and cryptocurrency investors will go to buy, sell, or hold their assets. When you account for this detail, the 9 million number that may have previously seemed small compared to the global population, now seems a little bit more impressive.
But is there more to the story than simply the all-time high in bitcoin addresses with more than 0.01 bitcoin balance? Absolutely.
Take a look at the total transaction fees per day that people are paying to miners. This is the lowest it has been since around March or April of 2018.
The total can be misleading though, so let’s take a look at the mean of all transaction fees being paid to miners. That is also at a multi-year low.
Hope each of you has a great day.
I’ll talk to you tomorrow.
#TradeNTell
8 Best Altcoins in January 2024: Reviewing the Top Altcoins Including Celestia, Solana, Sei, Corgi Ai, ApeMax, Injective, Bonk, and Arbitrum
Important Info for each Crypto User. Ingore this rules and you will increase your chances to lose money.
1️⃣FTX collapse showed us, it's better not to keep all of your assets in one place. I mean not only exchanges, but wallets as well.
2️⃣UST collapse showed us it's better spread your money in different stablecoins. Separate your balance between USDT, BUSD, USDC.
3️⃣While searching in Google, always check for "Ad" mark. Scammers are creating the copy of original platforms and promote them with google ads. Users give their data and lose access to accounts & money.
4️⃣When you swap cryptocurrency or confirm the transaction, always read what you are confirming.
5️⃣If someone sent you a seed-phrase from trust wallet, which stores money, it's a 100% scam. Such wallets do not charge commisions. While transferring money to this wallet, they can be automatically transferred to another wallet with a smart-contract.
6️⃣If Channel admin contact you in private message - always check! For this you need to go in the description of the channel and click on username which specified in the description.
7️⃣Scammers like to create groups and invite people there, they can pretend to be a trustful project. But instead of original links you will receive a phishing links.
8️⃣Another scammer's trick - scammer will communicate with you, earn your trust and then will send you links to scam websites, which will steal your assets.
9️⃣For each purpose you neet to have a different wallet. One for airdrops, which keeps a bit of assets to confirm the transactions, one to store BTC, and so on
These rules are made of lost millions. So do not repeat others mistakes!#BTC #ETH #ai
1️⃣FTX collapse showed us, it's better not to keep all of your assets in one place. I mean not only exchanges, but wallets as well.
2️⃣UST collapse showed us it's better spread your money in different stablecoins. Separate your balance between USDT, BUSD, USDC.
3️⃣While searching in Google, always check for "Ad" mark. Scammers are creating the copy of original platforms and promote them with google ads. Users give their data and lose access to accounts & money.
4️⃣When you swap cryptocurrency or confirm the transaction, always read what you are confirming.
5️⃣If someone sent you a seed-phrase from trust wallet, which stores money, it's a 100% scam. Such wallets do not charge commisions. While transferring money to this wallet, they can be automatically transferred to another wallet with a smart-contract.
6️⃣If Channel admin contact you in private message - always check! For this you need to go in the description of the channel and click on username which specified in the description.
7️⃣Scammers like to create groups and invite people there, they can pretend to be a trustful project. But instead of original links you will receive a phishing links.
8️⃣Another scammer's trick - scammer will communicate with you, earn your trust and then will send you links to scam websites, which will steal your assets.
9️⃣For each purpose you neet to have a different wallet. One for airdrops, which keeps a bit of assets to confirm the transactions, one to store BTC, and so on
These rules are made of lost millions. So do not repeat others mistakes!#BTC #ETH #ai
💰 $ETC
It's time for to get sent✈️
Superguppy is flipping bullish along with we are about to break through the 0.236 fib + neckline of Adam & Eve😳 #BinanceTournament #AltCoinSeason
It's time for to get sent✈️
Superguppy is flipping bullish along with we are about to break through the 0.236 fib + neckline of Adam & Eve😳 #BinanceTournament #AltCoinSeason
#BNXUSDT
🟢LONG ENTRY :- 0.3030- 0.2960
Leverage: Cross (20X)
👇TAKE PROFIT
1) 0.3055
2) 0.3080
3) 0.3105
4) 0.3130
5) 0.3155
6) 0.3180➕
Stop Loss : - 0.2890
#BTCAllTimeHigh #BinanceTournament
🟢LONG ENTRY :- 0.3030- 0.2960
Leverage: Cross (20X)
👇TAKE PROFIT
1) 0.3055
2) 0.3080
3) 0.3105
4) 0.3130
5) 0.3155
6) 0.3180➕
Stop Loss : - 0.2890
#BTCAllTimeHigh #BinanceTournament
💰 Bitcoin's top of funnel is becoming less noisy, suggests Swan Bitcoin CEO 💰
According to Swan Bitcoin CEO Cory Klippsten, Bitcoin ETFs are set to replace the chaotic entry points tainted by flashy crypto marketing campaigns since 2017.
✅ Swan Bitcoin CEO Cory Klippsten has suggested that spot Bitcoin exchange-traded funds (ETF) will suppress the loud and flashy marketing strategies that have served as the initial gateway for many into the crypto space since 2017.
During a recent interview with Bloomberg on December 1, Klippsten reiterated that Bitcoin ETFs offer an alternative entry into the market at a time when it has been tainted by well-funded crypto marketing schemes:
💭 “The past six years from 2017 through 2023, the top of the funnel for people looking to get into Bitcoin has been extremely noisy, polluted by all of the crypto marketing schemes funded by $50 billion of venture capital, trying to essentially market and dump crypto tokens.”
#BTC
According to Swan Bitcoin CEO Cory Klippsten, Bitcoin ETFs are set to replace the chaotic entry points tainted by flashy crypto marketing campaigns since 2017.
✅ Swan Bitcoin CEO Cory Klippsten has suggested that spot Bitcoin exchange-traded funds (ETF) will suppress the loud and flashy marketing strategies that have served as the initial gateway for many into the crypto space since 2017.
During a recent interview with Bloomberg on December 1, Klippsten reiterated that Bitcoin ETFs offer an alternative entry into the market at a time when it has been tainted by well-funded crypto marketing schemes:
💭 “The past six years from 2017 through 2023, the top of the funnel for people looking to get into Bitcoin has been extremely noisy, polluted by all of the crypto marketing schemes funded by $50 billion of venture capital, trying to essentially market and dump crypto tokens.”
#BTC
#WLDUSDT
🟢LONG ENTRY :- 2.5350- 2.4700
Leverage: Cross (20X)
👇TAKE PROFIT
1) 2.5700
2) 2.5900
3) 2.6100
4) 2.6300
5) 2.6500
6) 2.6700➕
Stop Loss : - 2.4100
#safu
🟢LONG ENTRY :- 2.5350- 2.4700
Leverage: Cross (20X)
👇TAKE PROFIT
1) 2.5700
2) 2.5900
3) 2.6100
4) 2.6300
5) 2.6500
6) 2.6700➕
Stop Loss : - 2.4100
#safu
#RDNTUSDT
🟢LONG ENTRY :- 0.2512- 0.2462
Leverage: Cross (10X)
👇TAKE PROFIT
1) 0.2548
2) 0.2596
3) 0.2653
4) 0.2704
5) 0.2772 ➕
Stop Loss : - 0.2289
🟢LONG ENTRY :- 0.2512- 0.2462
Leverage: Cross (10X)
👇TAKE PROFIT
1) 0.2548
2) 0.2596
3) 0.2653
4) 0.2704
5) 0.2772 ➕
Stop Loss : - 0.2289
#HFTUSDT
🟢LONG ENTRY :- 0.3255- 0.3178
Leverage: Cross (10X)
👇TAKE PROFIT
1) 0.3298
2) 0.3362
3) 0.3418
4) 0.3488
5) 0.3601 ➕
Stop Loss : - 0.2925
🟢LONG ENTRY :- 0.3255- 0.3178
Leverage: Cross (10X)
👇TAKE PROFIT
1) 0.3298
2) 0.3362
3) 0.3418
4) 0.3488
5) 0.3601 ➕
Stop Loss : - 0.2925
💰 #Optimism $OP
$OP is playing the Bullish Fractal on Higher Timeframe🔥
Forming Adam & Eve just as we did back in Aug '22 - Jan '23🧐
Also it seems to be a Cycle:
1 - Rally
2 - Downtrend
3 - Accumulation
4 - Rally
#OP held pretty well through alts bearish market, so I am starting to load a bag at current levels🚀#ordinals
$OP is playing the Bullish Fractal on Higher Timeframe🔥
Forming Adam & Eve just as we did back in Aug '22 - Jan '23🧐
Also it seems to be a Cycle:
1 - Rally
2 - Downtrend
3 - Accumulation
4 - Rally
#OP held pretty well through alts bearish market, so I am starting to load a bag at current levels🚀#ordinals
💰 $BTC Local Update
We have a bullish flag on 4h timeframe🧐
Expecting another leg upward while the pattern stays intact📈
We have a bullish flag on 4h timeframe🧐
Expecting another leg upward while the pattern stays intact📈
💰 $LRC
We got a breakout of the Descending Broadening Wedge pattern on 12h🧐
Looking for the one to play out📈
Target for the pattern: 0.2275$🎯
We got a breakout of the Descending Broadening Wedge pattern on 12h🧐
Looking for the one to play out📈
Target for the pattern: 0.2275$🎯
JUST IN: CNBC anchor Joe Kernen says "prepare for the halving. The halving is coming." #BTC
You only get liquidated , if your position is on Leverage … but if you are spot positioning , your porfilio is liquidation-proof…. [SHARE↗️]
💰 #Bitcoin #BTC
2018 - 2021 vs 2021 - 2024 Cycle Comparison🧐
So far we repeated two phase of the previous cycle☝️
· Phase 1 - Distribution: always with a massive formation
previous cycle - Descending Triangle
current cycle - W-Top
· Phase 2 - Accumulation: also comes with a pattern
previous cycle - Rounding Bottom
current cycle - Cup & Handle
Now we are on the edge to enter Phase 3 of the cycle👀, which followed by more upside and level I expect to be retested in this case is $47k📈, previous cycle it was $11.6k → next step in this phase is a correction📉 & retest of the broken major resistance level with most likely a fakeout below the one (Max Liquidation🔻)
What checks we have for to enter phase 3
1 We completed the pattern of Cup & Handle✅
2 Superguppy is nearly at the same stage as was in previous cycle✅
To confirm we need to break through the major resistance level of $31.7k❗️
Most interesting part is our phase 4, which is a parabolic growth to a new ATH, which is set to be at the Mid/End 2024 - so check for the charts if we do follow this path, you better have your bags fully loaded before the curve pump takes a place🚀
2018 - 2021 vs 2021 - 2024 Cycle Comparison🧐
So far we repeated two phase of the previous cycle☝️
· Phase 1 - Distribution: always with a massive formation
previous cycle - Descending Triangle
current cycle - W-Top
· Phase 2 - Accumulation: also comes with a pattern
previous cycle - Rounding Bottom
current cycle - Cup & Handle
Now we are on the edge to enter Phase 3 of the cycle👀, which followed by more upside and level I expect to be retested in this case is $47k📈, previous cycle it was $11.6k → next step in this phase is a correction📉 & retest of the broken major resistance level with most likely a fakeout below the one (Max Liquidation🔻)
What checks we have for to enter phase 3
1 We completed the pattern of Cup & Handle✅
2 Superguppy is nearly at the same stage as was in previous cycle✅
To confirm we need to break through the major resistance level of $31.7k❗️
Most interesting part is our phase 4, which is a parabolic growth to a new ATH, which is set to be at the Mid/End 2024 - so check for the charts if we do follow this path, you better have your bags fully loaded before the curve pump takes a place🚀
