BTC Strong? To the Ichimoku faithful, do we believe BTC is n | Nosazena on Binance Square

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BTC Strong?
To the Ichimoku faithful, do we believe BTC is now on the move? Or is this just false? What say you?

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SOL: Expectations as Always? The Solana network has had many good news stories in the last few weeks. Despite a drop in price and then a prolonged rise, SOL remains resilient. As we all know, where BTC goes, the market goes. SOL seems to have held its own in this volatile market cycle. TA specialists will have noticed that most cryptocurrencies have had their prices fall below the 200-day moving average, which includes Bitcoin. SOL did this only very briefly and then a steady rise. To some, there is now an expectation of only good news when it involves SOL. We have had the announcement of blinks (Blockchain Links), which is a game changer. There is the fact that Solana has now surpassed ETH in weekly on-chain trading volume. Solana has also surpassed ETH and Arbitrum combined in 24-hour DEX volume. We must not forget that Solana has now captured 38% market share of all on-chain volume, underscoring its growing influence. Another development is the major TWAP alert. TWAP, or Time-Weighted Average Price, is a trading algorithm that spreads a large order into smaller chunks and executes them over a specified period. This method helps minimize the market impact of large trades by averaging the execution price over time. It is also the method used by institutional investors to help in avoiding unfavourable market prices. Sol trading patterns have emerged that a lot of TWAP is taking place on Coinbase, Gate_io, Okx, and Binance. In this case, automated orders amounting to US$6.5 million per hour. The Whales, ladies, and gentlemen are stacking! Finally, testing Solana Firedancer has begun. Solana Firedancer is a high-performance validator client for the Solana blockchain network. Firedancer seeks to improve transaction throughput and reduce latency, scaling the network and handling a larger volume of transactions. We have a game-changer, ladies and gentlemen. So, when is the price going to improve? I hear you asking. I wish I knew when. And as always, your guess is as good as mine. $SOL #Write2Earn #SOLAnalysis

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BTC: Don't We Know Why? I am no BTC maxi, but I have come to dislike the presence of the ETF funds. We all remember the enthusiasm felt before they entered the market. We all remember how Larry Fink criticised BTC. We also remember his sudden conversion. BTC price has continued to fall for longer than expected. Despite punditry's best efforts, the price continues in the doldrums. Buying by the ETFs has slowed, with some selling some of their BTC positions. Now we learn that the German government is divesting itself of the BTC seized from criminal elements. And let us not forget that Mt. Gox is looking to pay its creditors, who themselves may sell their positions. All this activity is bound to affect the BTC price. Fear and greed on Binance is now at 29. BTC has fallen steadily for a few days, and things might not improve. First, the price has fallen below the 200-day moving average. We also see the same with 21-weekly EMA. We must remember that BTC broke through an area of support between $58,000 and $60,000. On Coinbase, BTC went as low as $53499! While on the South African crypto exchange Luno, BTC went as low as $51707! As of writing, BTC is at $55090 - a bit of a recovery. I say be cautious, as anything can happen. If the price breaks $53499, we may find the next price between $50 - $52k. Anything lower than that, and the gods of crypto know where next. No one wants to catch a falling knife. And as to where that knife will fall, your guess is as good as mine. #nosacapital #BTC #BTCanalysis #MtGox

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BNB: Silent Commentary? I apologise once more for not posting for a while. Let's talk about BNB once more. There is almost no commentary about BNB. I often wonder why. One has to admit that BNB has been one of the most resilient cryptocurrencies. Until very recently, it held support at the 55-EMA. Despite the break in support, BNB did not capitulate and fell helplessly. Instead, BNB traded sideways with the odd attempt to rise in price. While cryptocurrencies such as BTC and SOL have fallen below their 200-day moving average, BNB holds above its 200-day MA. The BNB 200-day moving average weighs in at $481. Price support for BNB weighs in at $505. A break in support coupled with a 200-day MA price nearby may lead to a rapid fall in price. We all know that BTC dictates the overall direction of the market. It means where BTC goes, BNB follows. Recent reports of the German government putting up BTC for sale and payment to Mt. Gox creditors can only mean one thing - another fall in BTC price. I may remind you that the total amount of BTC we are talking about is US$11.32 billion. I suggest we all brace for impact. And as to how far BNB and other cryptos might fall, your guess is as good as mine. #nosazena #BNB #BNBAnalysis #BTC #Write2Earn

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Bitcoin Volatility Analysis

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BNB: Resilience Continued? I almost didn't write this because I thought saying too much might put a hex on BNB. I've consistently used the 21- and 55-day EMAs to determine the trend's direction. The best example of this is SOL. When SOL's price fell below the 55-day EMA, we saw a dramatic fall in price. However, we haven't seen the same with BNB. BNB is one of the least talked about and most resilient cryptos in recent times. I have no idea why no one is saying anything about BNB, but its price movement shows its strength. This strength will continue as long as the price remains above the 55-day EMA. In other words, the 55-day EMA is strong support. Investors/traders can hold their positions as long as this is the case. Can things suddenly change in the market? Yes, they can. Nevertheless, you have an indicator you can watch closely. I have been trying to figure out why BNB is so resilient. If anyone knows, please enlighten me; otherwise, your guess is as good as mine. #nosazena #BNB #SOL #Write2Earn #CryptoMarkets

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