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@Silver_Ather
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Layman Guide to Crypto Trading
Trading in cryptocurrency involves several steps and a good understanding of the market. Here's a basic guide to get you started:
1. Understanding Cryptocurrency
- Cryptocurrency: Digital or virtual currency that uses cryptography for security. Examples include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
- Blockchain: The technology behind cryptocurrencies, it's a decentralized ledger of all transactions across a network.
2. Learn the Basics
- Cryptocurrency Exchanges: Platforms where you can buy, sell, or trade cryptocurrencies. Examples include Coinbase, Binance, and Kraken.
- Wallets: Digital tools to store your cryptocurrencies securely. There are hardware wallets (e.g., Ledger, Trezor) and software wallets (e.g., MetaMask, Trust Wallet).
3. Choosing an Exchange
- Register: Sign up on a reputable exchange.
- Verification: Complete the KYC (Know Your Customer) process to verify your identity.
- Security: Enable two-factor authentication (2FA) for added security.
4. Funding Your Account
- Deposit: Transfer funds from your bank account to your exchange account. Some exchanges accept credit/debit cards or wire transfers.
- Cryptocurrency Transfer: If you already own cryptocurrency, you can transfer it to your exchange wallet.
5. Trading Basics
- Market Orders: Buy or sell immediately at the current market price.
- Limit Orders: Set a specific price at which you want to buy or sell.
- Stop-Loss Orders: Automatically sell a cryptocurrency when it reaches a certain price to minimize losses.
6. Analysis Techniques
- Fundamental Analysis: Evaluating a cryptocurrency's value based on its technology, team, market demand, etc.
- Technical Analysis: Using historical price data and charts to predict future price movements.
7. Risk Management
- Diversification: Don't put all your funds into one cryptocurrency.
- Investment Size: Only invest what you can afford to lose.
- Regular Monitoring: Keep an eye on market trends and news.
8. Staying Updated
- News Sources: Follow cryptocurrency news on websites like CoinDesk, CoinTelegraph, and CryptoSlate.
- Social Media: Join communities on Twitter, Reddit, and Telegram.
9. Start Trading
- Small Trades: Begin with small amounts to get a feel for the market.
- Practice: Some exchanges offer demo accounts to practice trading without real money.
10. Advanced Trading Strategies
- Day Trading: Buying and selling within the same day to take advantage of short-term price movements.
- Swing Trading: Holding a position for several days to weeks to benefit from expected upward or downward market shifts.
- HODLing: Holding onto your cryptocurrency for a long period, regardless of market volatility, based on the belief that its value will increase over time.
Resources
- Books: "Mastering Bitcoin" by Andreas M. Antonopoulos, "The Bitcoin Standard" by Saifedean Ammous.
- Online Courses: Platforms like Coursera, Udemy, and Khan Academy offer courses on blockchain and cryptocurrency trading.
Final Tips
- Stay informed about regulatory changes in your country.
- Be cautious of scams and phishing attempts.
- Regularly review and update your investment strategy.
Cryptocurrency trading can be highly rewarding but also comes with significant risks. Educate yourself thoroughly and proceed with caution.
1. Understanding Cryptocurrency
- Cryptocurrency: Digital or virtual currency that uses cryptography for security. Examples include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
- Blockchain: The technology behind cryptocurrencies, it's a decentralized ledger of all transactions across a network.
2. Learn the Basics
- Cryptocurrency Exchanges: Platforms where you can buy, sell, or trade cryptocurrencies. Examples include Coinbase, Binance, and Kraken.
- Wallets: Digital tools to store your cryptocurrencies securely. There are hardware wallets (e.g., Ledger, Trezor) and software wallets (e.g., MetaMask, Trust Wallet).
3. Choosing an Exchange
- Register: Sign up on a reputable exchange.
- Verification: Complete the KYC (Know Your Customer) process to verify your identity.
- Security: Enable two-factor authentication (2FA) for added security.
4. Funding Your Account
- Deposit: Transfer funds from your bank account to your exchange account. Some exchanges accept credit/debit cards or wire transfers.
- Cryptocurrency Transfer: If you already own cryptocurrency, you can transfer it to your exchange wallet.
5. Trading Basics
- Market Orders: Buy or sell immediately at the current market price.
- Limit Orders: Set a specific price at which you want to buy or sell.
- Stop-Loss Orders: Automatically sell a cryptocurrency when it reaches a certain price to minimize losses.
6. Analysis Techniques
- Fundamental Analysis: Evaluating a cryptocurrency's value based on its technology, team, market demand, etc.
- Technical Analysis: Using historical price data and charts to predict future price movements.
7. Risk Management
- Diversification: Don't put all your funds into one cryptocurrency.
- Investment Size: Only invest what you can afford to lose.
- Regular Monitoring: Keep an eye on market trends and news.
8. Staying Updated
- News Sources: Follow cryptocurrency news on websites like CoinDesk, CoinTelegraph, and CryptoSlate.
- Social Media: Join communities on Twitter, Reddit, and Telegram.
9. Start Trading
- Small Trades: Begin with small amounts to get a feel for the market.
- Practice: Some exchanges offer demo accounts to practice trading without real money.
10. Advanced Trading Strategies
- Day Trading: Buying and selling within the same day to take advantage of short-term price movements.
- Swing Trading: Holding a position for several days to weeks to benefit from expected upward or downward market shifts.
- HODLing: Holding onto your cryptocurrency for a long period, regardless of market volatility, based on the belief that its value will increase over time.
Resources
- Books: "Mastering Bitcoin" by Andreas M. Antonopoulos, "The Bitcoin Standard" by Saifedean Ammous.
- Online Courses: Platforms like Coursera, Udemy, and Khan Academy offer courses on blockchain and cryptocurrency trading.
Final Tips
- Stay informed about regulatory changes in your country.
- Be cautious of scams and phishing attempts.
- Regularly review and update your investment strategy.
Cryptocurrency trading can be highly rewarding but also comes with significant risks. Educate yourself thoroughly and proceed with caution.
So this is how I see the near term market confluence👇
1⃣ Final approval and listing of the Etherium ETF July 2-16 is the 'point of no return' and the moment the market moves into phase two (Ether season). With these upcoming process. 🔜 we will make good profits💰 on pre-market selloffs
2⃣ July 31 is a new intermediate phase of the bull market. On this date there will be a FOMC meeting, the decision of which should be a rate cut ➡ bullish signal for the market.
3⃣ November 5 is the US presidential election, after which (regardless of the outcome) the I expect the dollar printing press to be launched and a large amount of money to be injected into stocks and cryptocurrency!
P.S. Each of these situations is an opportunity for us to earn📈 - I'll tell you about all the ways as we get closer to these events, but right now the focus needs to be on #ETH🔥🔥🔥🔥 and related altcoins!
1⃣ Final approval and listing of the Etherium ETF July 2-16 is the 'point of no return' and the moment the market moves into phase two (Ether season). With these upcoming process. 🔜 we will make good profits💰 on pre-market selloffs
2⃣ July 31 is a new intermediate phase of the bull market. On this date there will be a FOMC meeting, the decision of which should be a rate cut ➡ bullish signal for the market.
3⃣ November 5 is the US presidential election, after which (regardless of the outcome) the I expect the dollar printing press to be launched and a large amount of money to be injected into stocks and cryptocurrency!
P.S. Each of these situations is an opportunity for us to earn📈 - I'll tell you about all the ways as we get closer to these events, but right now the focus needs to be on #ETH🔥🔥🔥🔥 and related altcoins!
How to make proftable signals in cryptocurrency 📊
Getting reliable signals for buying cryptocurrency involves a combination of research, technical analysis, and using trustworthy tools and sources. Here are some steps and methods to help you get started:
1. Fundamental Analysis
- Research Projects: Understand the fundamentals of the cryptocurrency you’re interested in. Look into its purpose, team, technology, use cases, and partnerships.
- News and Updates: Stay updated with news and developments related to the cryptocurrency market and specific projects.
- Community and Social Media: Follow communities on platforms like Reddit, Twitter, and Discord to gauge public sentiment and get real-time updates.
2. Technical Analysis
- Chart Patterns: Learn to recognize common chart patterns (e.g., head and shoulders, triangles, flags) that can indicate potential price movements.
- Indicators: Use technical indicators like Moving Averages (MA), Relative Strength Index (RSI), MACD (Moving Average Convergence Divergence), and Bollinger Bands.
- Volume Analysis: Track trading volumes to understand market strength and trends.
3. Crypto Signal Groups and Services
- Telegram Groups: There are many Telegram groups offering crypto signals. Some are free, while others require a subscription. Ensure they have a good track record.
- Dedicated Websites: Websites like TradingView, CoinMarketCap, and CoinGecko often provide analytical tools and signals.
- Professional Services: Paid services and professional traders provide more reliable signals, but be cautious and do thorough research before subscribing.
4. Trading Bots and Algorithms
- Automated Trading Bots: Tools like 3Commas, Cryptohopper, and HaasOnline allow you to set up automated trading based on specific signals and strategies.
- Custom Algorithms: If you have programming skills, you can develop custom trading algorithms using platforms like Python, integrating with APIs from exchanges.
5. Portfolio Management Tools
- Track Performance: Use tools like Blockfolio, Delta, or CoinStats to manage and track your crypto portfolio.
- Rebalancing: Some tools offer automated portfolio rebalancing based on market signals.
6. Risk Management
- Diversification: Don’t put all your funds into one cryptocurrency. Diversify to mitigate risk.
- Stop-Loss Orders: Use stop-loss orders to limit potential losses.
- Position Sizing: Invest only what you can afford to lose and use proper position sizing to manage risk.
Practical Steps to Start:
1. Educate Yourself: Take online courses on technical analysis and crypto trading.
2. Join Reliable Communities: Participate in reputable crypto forums and Telegram groups.
3. Use Analytical Tools: Familiarize yourself with TradingView and other charting tools.
4. Test Strategies: Use a demo account or paper trading to test your strategies before investing real money.
5. Stay Updated: Regularly read crypto news from sources like CoinDesk, CoinTelegraph, and CryptoSlate.
Example Signal Setup:
1. Moving Average Crossover:
- Set up a chart with two moving averages (e.g., 50-day and 200-day).
- Buy Signal: When the 50-day moving average crosses above the 200-day moving average (Golden Cross).
- Sell Signal: When the 50-day moving average crosses below the 200-day moving average (Death Cross).
2. RSI (Relative Strength Index):
- Buy Signal: When RSI drops below 30 (indicating oversold conditions).
- Sell Signal: When RSI rises above 70 (indicating overbought conditions).
Final Tips:
- Be Cautious: Not all signals are accurate. Verify with multiple sources.
- Stay Rational: Avoid emotional trading and stick to your strategy.
- Continuous Learning: The crypto market evolves rapidly. Keep learning and adapting.
By combining these methods and tools, you can develop a more informed approach to identifying buy signals in the cryptocurrency market.
1. Fundamental Analysis
- Research Projects: Understand the fundamentals of the cryptocurrency you’re interested in. Look into its purpose, team, technology, use cases, and partnerships.
- News and Updates: Stay updated with news and developments related to the cryptocurrency market and specific projects.
- Community and Social Media: Follow communities on platforms like Reddit, Twitter, and Discord to gauge public sentiment and get real-time updates.
2. Technical Analysis
- Chart Patterns: Learn to recognize common chart patterns (e.g., head and shoulders, triangles, flags) that can indicate potential price movements.
- Indicators: Use technical indicators like Moving Averages (MA), Relative Strength Index (RSI), MACD (Moving Average Convergence Divergence), and Bollinger Bands.
- Volume Analysis: Track trading volumes to understand market strength and trends.
3. Crypto Signal Groups and Services
- Telegram Groups: There are many Telegram groups offering crypto signals. Some are free, while others require a subscription. Ensure they have a good track record.
- Dedicated Websites: Websites like TradingView, CoinMarketCap, and CoinGecko often provide analytical tools and signals.
- Professional Services: Paid services and professional traders provide more reliable signals, but be cautious and do thorough research before subscribing.
4. Trading Bots and Algorithms
- Automated Trading Bots: Tools like 3Commas, Cryptohopper, and HaasOnline allow you to set up automated trading based on specific signals and strategies.
- Custom Algorithms: If you have programming skills, you can develop custom trading algorithms using platforms like Python, integrating with APIs from exchanges.
5. Portfolio Management Tools
- Track Performance: Use tools like Blockfolio, Delta, or CoinStats to manage and track your crypto portfolio.
- Rebalancing: Some tools offer automated portfolio rebalancing based on market signals.
6. Risk Management
- Diversification: Don’t put all your funds into one cryptocurrency. Diversify to mitigate risk.
- Stop-Loss Orders: Use stop-loss orders to limit potential losses.
- Position Sizing: Invest only what you can afford to lose and use proper position sizing to manage risk.
Practical Steps to Start:
1. Educate Yourself: Take online courses on technical analysis and crypto trading.
2. Join Reliable Communities: Participate in reputable crypto forums and Telegram groups.
3. Use Analytical Tools: Familiarize yourself with TradingView and other charting tools.
4. Test Strategies: Use a demo account or paper trading to test your strategies before investing real money.
5. Stay Updated: Regularly read crypto news from sources like CoinDesk, CoinTelegraph, and CryptoSlate.
Example Signal Setup:
1. Moving Average Crossover:
- Set up a chart with two moving averages (e.g., 50-day and 200-day).
- Buy Signal: When the 50-day moving average crosses above the 200-day moving average (Golden Cross).
- Sell Signal: When the 50-day moving average crosses below the 200-day moving average (Death Cross).
2. RSI (Relative Strength Index):
- Buy Signal: When RSI drops below 30 (indicating oversold conditions).
- Sell Signal: When RSI rises above 70 (indicating overbought conditions).
Final Tips:
- Be Cautious: Not all signals are accurate. Verify with multiple sources.
- Stay Rational: Avoid emotional trading and stick to your strategy.
- Continuous Learning: The crypto market evolves rapidly. Keep learning and adapting.
By combining these methods and tools, you can develop a more informed approach to identifying buy signals in the cryptocurrency market.
One of the big public preconditions was just a new FUD on the topic of unlocking the funds of the affected Mt. Gox victims
For those who are hearing for the first time - between 650,000 and 850,000 #BTC were stolen from users of this platform in 2014. In the afternoon another news about the progress of the case was released, but a couple hours later it was announced that the compensation will be calculated at the old Bitcoin rate.
➡️Two conclusions can be drawn from this situation:
1. MarketMaker can use any news background to manipulate the price. It is important to be able to read his traces on the chart and not follow the crowd
2. Whales are set to continue growth - this manipulation was liquidated longs for 320m$, while the fall was not so strong. Everything indicates the payoff from the side of influential investors
I think it is right to deal with this situation in more detail tomorrow, when the market will come to normal and the consequences of this spill will be clear....
For those who are hearing for the first time - between 650,000 and 850,000 #BTC were stolen from users of this platform in 2014. In the afternoon another news about the progress of the case was released, but a couple hours later it was announced that the compensation will be calculated at the old Bitcoin rate.
➡️Two conclusions can be drawn from this situation:
1. MarketMaker can use any news background to manipulate the price. It is important to be able to read his traces on the chart and not follow the crowd
2. Whales are set to continue growth - this manipulation was liquidated longs for 320m$, while the fall was not so strong. Everything indicates the payoff from the side of influential investors
I think it is right to deal with this situation in more detail tomorrow, when the market will come to normal and the consequences of this spill will be clear....
A TRADING LESSON FROM THE DEAD…
NB: The lesson from the short piece below is not time-bound. As a trader or an investor, the more patient you are, the fewer trades you open, the less you risk, the longer your holding periods, the more profitable you will become. So, permanent trading and investing success is a long-term objective, not a short-term goal. There is no way around this fact
What I’m about to share is one of the strangest results from a trading study that I’ve ever come across…
It was a study conducted by an online stock broker on their clients who held share portfolios.
And they wanted to analyse the common traits shared by the top 10% of their clients.
Among their most successful clients, one peculiar trait stood out.
It’s that most of these top-performing portfolios belonged to clients who weren’t actively managing their accounts.
In fact, most of these clients were dead.
Yes, you read that right… Most of the top 10% were no longer alive.
Their portfolios had been left untouched, allowing the shares to appreciate steadily over time.
But despite how unusual this finding was…
There’s still an important lesson in this observation.
And that’s the significance of what a long-term perspective can do for your profitability.
Even from my own experience, I’ve completely stopped day trading over the last 5 years.
And I’ve seen profound improvements in my profitability by holding onto trades (and adding into winners) for several weeks and even months.
The same thing’s been happening with members of my trading community.
One member recently told me that he closed out a 35R trade on Gold.
And with R multiples that large…
You only need a couple of trades like that in an entire year to make an impressive annual return.
That’s why I adopt this style of trading inside my community.
Author: Charlie Burton
NB: The lesson from the short piece below is not time-bound. As a trader or an investor, the more patient you are, the fewer trades you open, the less you risk, the longer your holding periods, the more profitable you will become. So, permanent trading and investing success is a long-term objective, not a short-term goal. There is no way around this fact
What I’m about to share is one of the strangest results from a trading study that I’ve ever come across…
It was a study conducted by an online stock broker on their clients who held share portfolios.
And they wanted to analyse the common traits shared by the top 10% of their clients.
Among their most successful clients, one peculiar trait stood out.
It’s that most of these top-performing portfolios belonged to clients who weren’t actively managing their accounts.
In fact, most of these clients were dead.
Yes, you read that right… Most of the top 10% were no longer alive.
Their portfolios had been left untouched, allowing the shares to appreciate steadily over time.
But despite how unusual this finding was…
There’s still an important lesson in this observation.
And that’s the significance of what a long-term perspective can do for your profitability.
Even from my own experience, I’ve completely stopped day trading over the last 5 years.
And I’ve seen profound improvements in my profitability by holding onto trades (and adding into winners) for several weeks and even months.
The same thing’s been happening with members of my trading community.
One member recently told me that he closed out a 35R trade on Gold.
And with R multiples that large…
You only need a couple of trades like that in an entire year to make an impressive annual return.
That’s why I adopt this style of trading inside my community.
Author: Charlie Burton
Redefining The Online User Experience On Cryptocurrency
For the first time in the history of cryptocurrency, there is a clear trajectory towards reaching hundreds of millions of monthly users. This change will be fueled by a far better user experience (UX) than web2, not by the conventional crypto objectives of “democratizing finance” or “decentralization.”
The Problems With Current Web2 UX
Web2 UX as it exists today is essentially inefficient, even if we’ve grown accustomed to it. We look for and enter email confirmation codes, manage several financial app accounts, wait a long time for bank transfers, recreate social networks in each new app, and deal with a difficult online experience.
The upcoming crypto tools will make the internet so much more user-friendly that users will expect this improved experience, frequently without understanding it’s driven by crypto.
The Latest Set Of Crypto Tools
Passkeys: Passkeys eliminate the need to remember passwords or private keys. They can be easily created, kept safe on your devices, and backed up to the cloud. Prominent corporations such as Amazon, Google, LinkedIn, Shopify, and Uber have already implemented passkey support, which can be retrieved using your device’s PIN or biometrics.
Web Wallets: Do not need a browser plugin or a mobile app. They provide a smooth single sign-on (SSO) experience as opposed to the clumsy “Connect Wallet” procedure used in modern cryptocurrency. These passkey-enabled wallets let users carry their identity online without using Google, Apple, or Twitter sign-ins.
Smart Contract Accounts: Gas fees are frequently abstracted, multistep transactions combined into one, and account recovery made easier through smart contract as well as paymasters. Apps can be given special permissions by users, enabling one-click transactions without the need for confirmation banners.
Open Social Graphs: Users’ on-chain addresses are connected to decentralized social graphs created by new social protocols such as Farcaster. Rebuilding social networks is not necessary because any app that knows your address may provide a tailored and sociable experience from the moment of sign-up.
What The New Crypto User Experience Will Look Like
In the future, logging in to apps will be as simple as utilizing Google or Apple SSO. Wallet app downloads, 24-word backup phrases, and problematic WalletConnect flows won’t be required. No more attempting Google account passwords or entering six-digit numbers repeatedly. The process can be completed with just a passkey confirmation, which makes it much simpler than the current SSO.
The software will quickly personalize upon login by using information from your social graph and on-chain history. Your buddies will already be there, so there won’t be any more dark patterns forcing users to share contacts. Credit card transactions won’t require transcribing, ACH transfers won’t take 72 hours to execute, and money will be available through your web wallet right away.
Conclusion
Crypto will win by improving internet accessibility and making all web2 apps change. This will give development on cryptocurrency a sound justification.
To remain competitive, exchanges will have to recreate themselves on-chain and build web wallets for their user bases. Web wallet options should be included in wallet apps that are meant to be widely used. Cross-app experiences should be supported by embedded wallet providers. Instead of building their own social graphs, apps should make use of ones that already exist.
The Problems With Current Web2 UX
Web2 UX as it exists today is essentially inefficient, even if we’ve grown accustomed to it. We look for and enter email confirmation codes, manage several financial app accounts, wait a long time for bank transfers, recreate social networks in each new app, and deal with a difficult online experience.
The upcoming crypto tools will make the internet so much more user-friendly that users will expect this improved experience, frequently without understanding it’s driven by crypto.
The Latest Set Of Crypto Tools
Passkeys: Passkeys eliminate the need to remember passwords or private keys. They can be easily created, kept safe on your devices, and backed up to the cloud. Prominent corporations such as Amazon, Google, LinkedIn, Shopify, and Uber have already implemented passkey support, which can be retrieved using your device’s PIN or biometrics.
Web Wallets: Do not need a browser plugin or a mobile app. They provide a smooth single sign-on (SSO) experience as opposed to the clumsy “Connect Wallet” procedure used in modern cryptocurrency. These passkey-enabled wallets let users carry their identity online without using Google, Apple, or Twitter sign-ins.
Smart Contract Accounts: Gas fees are frequently abstracted, multistep transactions combined into one, and account recovery made easier through smart contract as well as paymasters. Apps can be given special permissions by users, enabling one-click transactions without the need for confirmation banners.
Open Social Graphs: Users’ on-chain addresses are connected to decentralized social graphs created by new social protocols such as Farcaster. Rebuilding social networks is not necessary because any app that knows your address may provide a tailored and sociable experience from the moment of sign-up.
What The New Crypto User Experience Will Look Like
In the future, logging in to apps will be as simple as utilizing Google or Apple SSO. Wallet app downloads, 24-word backup phrases, and problematic WalletConnect flows won’t be required. No more attempting Google account passwords or entering six-digit numbers repeatedly. The process can be completed with just a passkey confirmation, which makes it much simpler than the current SSO.
The software will quickly personalize upon login by using information from your social graph and on-chain history. Your buddies will already be there, so there won’t be any more dark patterns forcing users to share contacts. Credit card transactions won’t require transcribing, ACH transfers won’t take 72 hours to execute, and money will be available through your web wallet right away.
Conclusion
Crypto will win by improving internet accessibility and making all web2 apps change. This will give development on cryptocurrency a sound justification.
To remain competitive, exchanges will have to recreate themselves on-chain and build web wallets for their user bases. Web wallet options should be included in wallet apps that are meant to be widely used. Cross-app experiences should be supported by embedded wallet providers. Instead of building their own social graphs, apps should make use of ones that already exist.
Let's start analyzing the updates on the charts! 🔍
#ETH is moving according to our big game plan, completely recreating the movement I have predicted: the large Imbalance $3.700-$3.220 was filled by more than a half ($3.460). First of all, I see this situation as an opportunity to buy back the low and add one of the most promising cryptocurrencies to your portfolio, but if you read my posts carefully, you could easily take a short position for 13% of the movement or almost 200% profit with 15x leverage!
#TON meanwhile presents us the same picture, but in a more forced way - after a LONG from Imbalance, an impulsive growth started. There is also a new Higher High, which confirmed the bullish🐂 attitude and brought our position to profit of 20% from the entry point.
Even if we didn't make money, don't despair! The market provides opportunities to make money almost every day.
And I will continue to help my friends....
just wait for the right time...
$ETH $BTC #ton #eth #btc
#ETH is moving according to our big game plan, completely recreating the movement I have predicted: the large Imbalance $3.700-$3.220 was filled by more than a half ($3.460). First of all, I see this situation as an opportunity to buy back the low and add one of the most promising cryptocurrencies to your portfolio, but if you read my posts carefully, you could easily take a short position for 13% of the movement or almost 200% profit with 15x leverage!
#TON meanwhile presents us the same picture, but in a more forced way - after a LONG from Imbalance, an impulsive growth started. There is also a new Higher High, which confirmed the bullish🐂 attitude and brought our position to profit of 20% from the entry point.
Even if we didn't make money, don't despair! The market provides opportunities to make money almost every day.
And I will continue to help my friends....
just wait for the right time...
$ETH $BTC #ton #eth #btc
💰BTC Update
The price of the first cryptocurrency decreased. However, there is a positive dynamics, but only locally 📈
On the timeframe of 4 hours, the price fell to the support level at ~$66,700. It reached it during yesterday's "shedding" in the market 📉
The price started to bounce upwards from the mentioned support. A "bullish engulfment" candlestick pattern was formed, but it is on low volume. Thus, we can draw a horizontal "price channel" here 📊
There is a pretty good chance that price will start to move up from the lower boundary of the channel. Most likely, this channel is transforming into a "bullish flag". To confirm it, we need a breakdown of the midline 🐂
$BTC #BTCFOMCWatch #BTC☀
The price of the first cryptocurrency decreased. However, there is a positive dynamics, but only locally 📈
On the timeframe of 4 hours, the price fell to the support level at ~$66,700. It reached it during yesterday's "shedding" in the market 📉
The price started to bounce upwards from the mentioned support. A "bullish engulfment" candlestick pattern was formed, but it is on low volume. Thus, we can draw a horizontal "price channel" here 📊
There is a pretty good chance that price will start to move up from the lower boundary of the channel. Most likely, this channel is transforming into a "bullish flag". To confirm it, we need a breakdown of the midline 🐂
$BTC #BTCFOMCWatch #BTC☀
Cardano Price: Sellers Oppose Buyers Again at $0.46 Level
The daily chart of Cardano shows a downward trend. On April 13, the chart displayed a double bottom pattern at the $0.458 support level. The expected first level provided resistance at first, but the price eventually overcome it. There was a bearish candle pattern on the daily chart.
Last week, there were bearish candles, and the $0.46 support level turned into a resistance level. The price is declining in the direction of the $0.42 prior low.
$ADA #adausdt #ada
The daily chart of Cardano shows a downward trend. On April 13, the chart displayed a double bottom pattern at the $0.458 support level. The expected first level provided resistance at first, but the price eventually overcome it. There was a bearish candle pattern on the daily chart.
Last week, there were bearish candles, and the $0.46 support level turned into a resistance level. The price is declining in the direction of the $0.42 prior low.
$ADA #adausdt #ada
📊 URPD Metric Highlights Bitcoin’s Potential for Price Surge 📈
What is UTXO/URPD?
In cryptocurrencies, an unspent transaction output (UTXO) or URPD Unspent Realized price Distribution is a distinctive element in a subset of digital currency models. A UTXO represents a certain amount of cryptocurrency that has been authorized by a sender and is available to be spent by a recipient. The utilization of UTXOs in transaction processes is a key feature of many cryptocurrencies, but it primarily characterizes those implementing the UTXO model.
Using the URPD metric, or UTXO Realized Price Distribution, offers a clear view of Bitcoin’s market dynamics and investor sentiment. This metric provides critical insights into the concentration of Bitcoin coins around the current spot price, highlighting areas of strong support and minimal resistance.
📊 Strong Support and Minimal Resistance
The URPD metric shows that about 15.9% of Bitcoin’s total supply is clustered just below the current price, indicating robust support at these levels. In contrast, only 1.1% of the supply is above the current price, suggesting minimal resistance. This imbalance implies that with continued demand, Bitcoin’s price could rise significantly.
📈 Interpreting Market Sensitivity
This metric helps identify potential support and resistance levels. The substantial support below the current price reflects strong investor confidence, while the sparse supply above suggests a high potential for rapid price increases if demand persists.
💰 Investment Implications
For investors, these insights are crucial. Strong support indicates a lower risk of significant declines, and minimal resistance above suggests considerable potential for price appreciation. This combination points to a bullish outlook for Bitcoin in the near term. 🌟
#BTC $BTC
What is UTXO/URPD?
In cryptocurrencies, an unspent transaction output (UTXO) or URPD Unspent Realized price Distribution is a distinctive element in a subset of digital currency models. A UTXO represents a certain amount of cryptocurrency that has been authorized by a sender and is available to be spent by a recipient. The utilization of UTXOs in transaction processes is a key feature of many cryptocurrencies, but it primarily characterizes those implementing the UTXO model.
Using the URPD metric, or UTXO Realized Price Distribution, offers a clear view of Bitcoin’s market dynamics and investor sentiment. This metric provides critical insights into the concentration of Bitcoin coins around the current spot price, highlighting areas of strong support and minimal resistance.
📊 Strong Support and Minimal Resistance
The URPD metric shows that about 15.9% of Bitcoin’s total supply is clustered just below the current price, indicating robust support at these levels. In contrast, only 1.1% of the supply is above the current price, suggesting minimal resistance. This imbalance implies that with continued demand, Bitcoin’s price could rise significantly.
📈 Interpreting Market Sensitivity
This metric helps identify potential support and resistance levels. The substantial support below the current price reflects strong investor confidence, while the sparse supply above suggests a high potential for rapid price increases if demand persists.
💰 Investment Implications
For investors, these insights are crucial. Strong support indicates a lower risk of significant declines, and minimal resistance above suggests considerable potential for price appreciation. This combination points to a bullish outlook for Bitcoin in the near term. 🌟
#BTC $BTC
Stacks (STX) Turns North Above the 1.750 Price Level
Price action in the Stacks market has rebounded through the $2.00 mark. This occurred when headwinds seemed to have lost control while trying to bring the market below the 1.500 mark. As of the time of writing, the price of this token has increased by 4.44%. Let's see if more increases can still be observed in this market.
Stacks Faces Rejection at the 50 Fibonacci Retracement Level
Today's trading has sent price action in the STX market rising through the 50% Fibonacci Retracement level. However, the corresponding price candle for the current session indicates that upside forces are already facing opposition. Meanwhile, this token trades above the list of Exponential Moving Average (EMA) lines.
#STX/USDT $STX
Price action in the Stacks market has rebounded through the $2.00 mark. This occurred when headwinds seemed to have lost control while trying to bring the market below the 1.500 mark. As of the time of writing, the price of this token has increased by 4.44%. Let's see if more increases can still be observed in this market.
Stacks Faces Rejection at the 50 Fibonacci Retracement Level
Today's trading has sent price action in the STX market rising through the 50% Fibonacci Retracement level. However, the corresponding price candle for the current session indicates that upside forces are already facing opposition. Meanwhile, this token trades above the list of Exponential Moving Average (EMA) lines.
#STX/USDT $STX
In accordance with your wishes, let's consider the current situation on Ether🔹
The trend on the asset is objectively bullish🐂, as indicated by the rapid impulsive growth with corrections dragging on for weeks. On the last fall the Imbalance of $2.900-$2.500 was successfully filled and the Fibonacci OTE was tested, and after that the rapid upward growth continued📈
But the main question is still open - where should we look at entering longs now❓
💁🏻♂️I will answer your question,
The optimal zone to enter a position is the nearest Imbalance $3,700-$3,220, which is a significant magnet for price.
As this inefficiency is confirmed and reacted to, and I am going to start looking at opening new trades with the target as the 2024 high of $4.100💡
Both Ethereum and altcoins have significantly underperformed #BTC in recent weeks and the need to close this gap is undeniable🙅🏻♂️
$ETH $BTC #altseason #BTC☀ #ETH🔥🔥🔥🔥
The trend on the asset is objectively bullish🐂, as indicated by the rapid impulsive growth with corrections dragging on for weeks. On the last fall the Imbalance of $2.900-$2.500 was successfully filled and the Fibonacci OTE was tested, and after that the rapid upward growth continued📈
But the main question is still open - where should we look at entering longs now❓
💁🏻♂️I will answer your question,
The optimal zone to enter a position is the nearest Imbalance $3,700-$3,220, which is a significant magnet for price.
As this inefficiency is confirmed and reacted to, and I am going to start looking at opening new trades with the target as the 2024 high of $4.100💡
Both Ethereum and altcoins have significantly underperformed #BTC in recent weeks and the need to close this gap is undeniable🙅🏻♂️
$ETH $BTC #altseason #BTC☀ #ETH🔥🔥🔥🔥
DOGE Oscillates Around the $0.165 Resistance Level
Dogecoin (DOGE) price rebounds but oscillates around the $0.165 resistance level. The cryptocurrency price is trying to break above the 21-day SMA, or the $0.162 high.
If the present barrier is crossed, DOGE will hit its prior high of $0.17. However, if the bear's breach occurs below the 50-day SMA, DOGE will fall to a low of $0.14.
$DOGE #doge⚡
Dogecoin (DOGE) price rebounds but oscillates around the $0.165 resistance level. The cryptocurrency price is trying to break above the 21-day SMA, or the $0.162 high.
If the present barrier is crossed, DOGE will hit its prior high of $0.17. However, if the bear's breach occurs below the 50-day SMA, DOGE will fall to a low of $0.14.
$DOGE #doge⚡
Bitcoin continued to show good growth, taking out equal highs EQH $70.750. It's time to deal with the question 'What should we expect next❓'
There are no prerequisites for a strong correction at the moment - the whales🐋 are serious and there is no reason to reverse the rise now. We may see a small correction to Imbalance $70.100-$69.250 and EMA30 during this week.
Global sentiment remains entirely bullish🐂 - the bullish context invalidation point has shifted to $67.500 and remains very distant and alts are well behind - there is good room for upside📈
➡️Even if we don't see the major target of $72.900 being reached soon, longs on alts and Ether will easily break this 'stagnation' in profitable trades.
Follow me for more insights! 😈
#BTC☀ $BTC
There are no prerequisites for a strong correction at the moment - the whales🐋 are serious and there is no reason to reverse the rise now. We may see a small correction to Imbalance $70.100-$69.250 and EMA30 during this week.
Global sentiment remains entirely bullish🐂 - the bullish context invalidation point has shifted to $67.500 and remains very distant and alts are well behind - there is good room for upside📈
➡️Even if we don't see the major target of $72.900 being reached soon, longs on alts and Ether will easily break this 'stagnation' in profitable trades.
Follow me for more insights! 😈
#BTC☀ $BTC
Toncoin Price Forecast:
The Toncoin price forecast is for the market to remain resilient in the face of bearish pressure to reach the $7.67 resistance level.
Toncoin Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $7.10, $7.67, $8.3
Zones of Demand: $5.85, $6.68, $7.00
Toncoin Trade Signal (SWING)
Instrument: TONUSD
My opinion: Sell Stop
Entry price: $7.4
Stop: $8.10
Target: $6.30
My risk setting: 1%
RRR: 1:2
NB: I will close this pending trade if it is not triggered within 24 hours.
#tonusdt #TON
The Toncoin price forecast is for the market to remain resilient in the face of bearish pressure to reach the $7.67 resistance level.
Toncoin Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $7.10, $7.67, $8.3
Zones of Demand: $5.85, $6.68, $7.00
Toncoin Trade Signal (SWING)
Instrument: TONUSD
My opinion: Sell Stop
Entry price: $7.4
Stop: $8.10
Target: $6.30
My risk setting: 1%
RRR: 1:2
NB: I will close this pending trade if it is not triggered within 24 hours.
#tonusdt #TON
Cardano (ADA) Price May Bounce Up at $0.44 Level
Cardano's daily chart indicates a declining trend. At the $0.458 support level on April 13, the chart showed a double bottom pattern. The price initially faced resistance from the anticipated first level, but it eventually overcame it. On the daily chart, there was a bearish candle pattern. Bearish candles occurred last week, and the $0.46 support level became a resistance level.
The price is falling in the direction of the previous low, which was $0.44.Right now, bears are in control of the Cardano market.
$ADA #ADA
Cardano's daily chart indicates a declining trend. At the $0.458 support level on April 13, the chart showed a double bottom pattern. The price initially faced resistance from the anticipated first level, but it eventually overcame it. On the daily chart, there was a bearish candle pattern. Bearish candles occurred last week, and the $0.46 support level became a resistance level.
The price is falling in the direction of the previous low, which was $0.44.Right now, bears are in control of the Cardano market.
$ADA #ADA
Polygon Price May Bounce Up at $0.65 Level
For MATIC/USD, the long-term outlook is bleak. Because of the sell-off that began on March 14, the value of cryptocurrencies has dropped. This happened at the $1.27 mark, following the contestants' match. The ultimate sum after a two-week cost decrease is $0.72.
Customers are putting an end to more market declines. Bulls maintained the level that was recently emphasized. It is oscillating between $0.65 and $0.72, which are the levels of support and resistance. The reason behind the low volatility is the present range phase.
Polygon (MATIC) has experienced a remarkable surge, gaining over 10% in recent weeks to reclaim the coveted $1.00 level. This rally has been driven by a combination of factors, including bullish technical signals, growing investor confidence, and positive sentiment surrounding Polygon’s ecosystem. Keep an eye on MATIC’s performance—it’s an exciting time for this cryptocurrency 🚀
$MATIC #PolygonMATIC
For MATIC/USD, the long-term outlook is bleak. Because of the sell-off that began on March 14, the value of cryptocurrencies has dropped. This happened at the $1.27 mark, following the contestants' match. The ultimate sum after a two-week cost decrease is $0.72.
Customers are putting an end to more market declines. Bulls maintained the level that was recently emphasized. It is oscillating between $0.65 and $0.72, which are the levels of support and resistance. The reason behind the low volatility is the present range phase.
Polygon (MATIC) has experienced a remarkable surge, gaining over 10% in recent weeks to reclaim the coveted $1.00 level. This rally has been driven by a combination of factors, including bullish technical signals, growing investor confidence, and positive sentiment surrounding Polygon’s ecosystem. Keep an eye on MATIC’s performance—it’s an exciting time for this cryptocurrency 🚀
$MATIC #PolygonMATIC
Shiba Inu (SHIB) Price May Break Down $0.0000210 Level
Shiba Inu's daily chart is negative. A few weeks ago, buyers dominated the SHIB market. At $0.00002270, the price passed the threshold. A strong bullish candle seems to indicate that buyers are prepared to enter the market every day.
On February 7, bulls drove the price above $0.00004399 as the daily candle broke over a resistance level at $0.000002270. At the resistance level of $0.0000439, sellers were battling against buyers. The selling continued at the previously mentioned level, giving the bears more ammunition. The price is currently declining in an effort to break below the $0.0000210 barrier.
$SHIB #shiba⚡ #Shibalnu
Shiba Inu's daily chart is negative. A few weeks ago, buyers dominated the SHIB market. At $0.00002270, the price passed the threshold. A strong bullish candle seems to indicate that buyers are prepared to enter the market every day.
On February 7, bulls drove the price above $0.00004399 as the daily candle broke over a resistance level at $0.000002270. At the resistance level of $0.0000439, sellers were battling against buyers. The selling continued at the previously mentioned level, giving the bears more ammunition. The price is currently declining in an effort to break below the $0.0000210 barrier.
$SHIB #shiba⚡ #Shibalnu
Cartesi (CTSI) Market Upside Correction Strengthens
The price of the Cartesi token has increased by roughly 9% today. This seems like a significant recovery considering the previous price increases seen over the past two sessions. Those could be considered a pullback, while today's price movement is the real correction. This is because price action was able to move through notable landmarks.
Cartesi Contracts Downward After Popping the $0.2500 Ceiling
Today's trading activity in the CTSI market has seen considerable price downward contraction. Nevertheless, trading activities continue above the Exponential Moving Average (EMA) curves. This seems favorable at the moment, as price action still has the chance to continue upward.
$CTSI
The price of the Cartesi token has increased by roughly 9% today. This seems like a significant recovery considering the previous price increases seen over the past two sessions. Those could be considered a pullback, while today's price movement is the real correction. This is because price action was able to move through notable landmarks.
Cartesi Contracts Downward After Popping the $0.2500 Ceiling
Today's trading activity in the CTSI market has seen considerable price downward contraction. Nevertheless, trading activities continue above the Exponential Moving Average (EMA) curves. This seems favorable at the moment, as price action still has the chance to continue upward.
$CTSI
Trending Coins for Today: NOT, STRUMP, DOGE, MEW, and PEPE
Newly launched coins such as Notcoin have suddenly become hotter, topping this week's list of trending coins. This token has displaced PEPE from the first spot on this list from last week, now becoming the trendiest of all coins at the time of writing. Other memecoins have also shown impressive performance, displacing some of the more prominent coins on this list. Let's take a closer look at each of them:
Notcoin (NOT)
Major Bias: Bullish
Notcoin stands in the first spot on this week's list of trending coins. The coin has seen an additional 15% price increase as of the time of writing. Meanwhile, over the past 7 days, there has been an additional price increase of 173%. Its market cap is $1.41 billion, with a trading volume of approximately $670 million.
$DOGE $PEPE $NOT
Newly launched coins such as Notcoin have suddenly become hotter, topping this week's list of trending coins. This token has displaced PEPE from the first spot on this list from last week, now becoming the trendiest of all coins at the time of writing. Other memecoins have also shown impressive performance, displacing some of the more prominent coins on this list. Let's take a closer look at each of them:
Notcoin (NOT)
Major Bias: Bullish
Notcoin stands in the first spot on this week's list of trending coins. The coin has seen an additional 15% price increase as of the time of writing. Meanwhile, over the past 7 days, there has been an additional price increase of 173%. Its market cap is $1.41 billion, with a trading volume of approximately $670 million.
$DOGE $PEPE $NOT
