⚠️ Strong support on BTC after halving

📌 Now there are many arguments in favor of a new rise or fall of bitcoin, who will be right we will know only in time, but the Advanced NVT Signal indicator indicates the presence of strong support.

📌 The principle of the indicator is based on analyzing the activity of crypto investors, which is estimated as the total value of the BTC network divided by 90 DMA value of transactions.

📌 Advanced NVT Signal should be used in conjunction with an understanding of the market cycle. In a bull market, it signals the proximity of a peak (blue NVT line touches red) and also indicates local support levels during corrections (blue NVT line touches green). In a bear market, correction termination points simply indicate periods where the exchange rate may hold for a while before continuing to fall.

📌 If we consider the current market as an early bullish market, the indicator shows the presence of strong support, from which we can continue to grow.
$BTC #bitcoinhalving #FutureGrowth #OpinionTime #market_analysis

⚠️ RBC reports:
Bitcoin reserves on exchanges are dwindling

📌 Bybit analysts have presented a hypothetical scenario of a shortage of coins when demand is high. They attribute this to the demand for bitcoins from U.S. spot ETFs.

📌 Assuming that with the exchanges' current reserves of 2 million coins, daily inflows into these ETFs would average $500 million, about 7,142 bitcoins would leave the exchanges' reserves every day. That means it would only take nine months to use up all remaining reserves, the exchange analysts wrote in a piece on the market implications of bitcoin halving.

📌 New bitcoin issuance would halve after halving. The analysts call a shrinking supply of coins with high demand a prerequisite for the price to rise "to new records."

📌 In fact, the bitcoin halving is just over two days away and bitcoin price sagging before the halving is a common occurrence. The bitcoin price will not rise immediately after the halving, but the outflow of 13500 BTC per month from the market, which will begin in 53 hours, will certainly affect the price.

❗️In the graph, the blue curve is bitcoin reserves on centralized exchanges, the black curve is the bitcoin exchange rate

Data: Bybit, Cryptoquant
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#bitcoinhalving #BitcoinWarnings #BitcoinAwareness #exchanges $BTC

🆕 Situation with BTC is as follows:

📌 The key support for all onchain indicators is in the range of $58000 - $62000 (I have already said quite a lot about the 58000 mark in the posts above). In all previous bullish cycles, the current state of indicators, as a rule, formed a local bottom (it is clear that here plus or minus 5%, there are no exact values, but now it is not fundamental)

📌 Whether the price will take liquidity off under the $59000 mark (second loy) - I don't know, depends a lot on geopolitics. There stands my second addition of long position (you know it from the past videos). It is also not so important, the main thing here is a quick return

📌 The most negative scenario that I see at the moment is the price going under $58000 and fixing at least one weekly candle. This could break the whole structure and open the way to close two global gaps: 52 and 43 thousand dollars. I think many of you would not want to see that happen, but a weekly fixation under $58000 would dramatically increase the probability of that scenario

📌 In this case, I will most likely close all the remaining longs (some of them will be at a loss, of course) and will wait for re-entry points to alta at the marked marks on BTC.
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⚠️ IMPORTANT:
Everything that is written, so far belongs is speculative. Corrections are normal, with the 2016-2017 cycle experiencing deeper ones due to lower market liquidity. Corrections of 40% on BTC are now less common in a normal bull market. There's a likelihood that bitcoin is at a local bottom. The price might fluctuate between $58,000 and $64,000 before reaching a new all-time high. However, unpredictable events, such as potential Israeli military actions against Iran, could disrupt market patterns and support levels.
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#BitcoinAwareness #BitcoinHalvingDrama #HotTrendsView $BTC

⚠️🇮🇷🔥Important News 🔥🇮🇱⚠️

The media is reporting again that Israel will respond to the Iranian strike in the next 24 hours after all. In general, some kind of geopolitical Santa Barbara, waiting for the market reaction

The change of the whole medium-term pattern remains the same - fixing the weekly candle under the 58000 mark, until then there is no point in jerkiness, they can still saw a long time in either direction.

But bitcoin is already oversold on short-term indicators, keep that in mind and trade safely.

Also, such geopolitic situation opens opportunity to trade gold and oil. But generally speaking, keep hands on pulse and trade safely.

Hopefully, we won’t see another major military conflict in long term! Piece! 🙏
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Source:
https://www.nbcnews.com/news/amp/live-blog/rcna147781
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#MarketStorm #TradeWithCare #hotnews #TrenddingTopic #MarketSituation $BTC $ETH $BNB

⚠️ TOP Factors of Quality Deals

📌 Zones from the senior TF:

The best price movements occur when approaching zones on senior TFs. The senior TFs are H4 and above. These are the areas where the big orders of the big players are located, which lead to big moves. Entry into a trade should be considered only in zones on senior TFs.

📌 Price Action:

The best PA/SMC setups happen quickly. Remember, price always flies away very quickly when it needs to. The right setups work immediately. Price does not consolidate in your entry zone and does not give you mixed signals. Everything is clear, understandable, without unnecessary contradictions. If you don't like something about the trade, get out right away.

📌 News:

The best price moves are the result of news. News is almost always a catalyst for market movement. When technical factors coincide with news, that's when you get the best and fastest moves. Remember, in most cases the market already builds the news movement into the price itself, meaning the direction of the news can be predicted in advance.

📌 Lack of resistance:

There is nothing to stop the price, and there are no zones for the price to push off from. Always keep in mind the areas on the left that can stop price. If they don't - the price will go in your direction very quickly!

📌 Liquidity:

Liquidity is a very important factor when you open a trade. You should always trade towards liquidity because these places in the market always act as targets. The market goes from liquidity to liquidity. If when you open a trade you observe unremoved liquidity in your direction, this is an additional confirming signal.
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#TradingLessons #TradeWithCare #write2earn🌐💹 #Analsis $BTC $ETH $USDC

🆕 Update Regarding Solana

📌 Solana has released an update to combat network congestion:

- The developers of the Solana blockchain have released a version 1.17.31 update that aims to address network congestion.

- "Update version 1.17.31 is now recommended for general use by MainnetBeta validators. This release contains improvements that will help alleviate the current congestion on the Solana network," the team said in a statement.

📌 SOL continues to realize the scenario.
Judging by the momentum, the correction of a larger scale has already started. After a long consolidation I expect the continuation of growth, the final target of the bull market is still considered to be around 500.00.
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#newsdaily #Solana⁩ #update $SOL

🆕 Yesterday, for the first time since mid-October 2023 (half a year), the BTC funding moved into negative territory. This is another fairly significant event of every bull cycle, where usually the entire correction was completed

📌 Today, Hong Kong expectedly approved spot BTC-ETFs, which could provide an additional boost for the crypto

📌 However, the situation with Israel remains in force, all media outlets are reporting differently, then Israel has canceled the retaliatory strike on Iran, then it is just preparing to make a decision soon. The facts are that there will be no serious response - as of today, all public events and school programs in Israel are resuming (previously canceled)

📌 In any case, as I said earlier, going below $58000 with a weekly consolidation is highly undesirable, as the whole medium-term layout in this case may be rewritten. But until this happens, the current decline remains within the framework of a trivial correction, of which there have been several in each past cycle.
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$BTC #Marketupdate #BitcoinAwareness #HalvingEffect #ETFs✅

⚠️ How to get the most out of Binance Launchpool?

A Twitter (X) user analyzed the launch of the last 10 projects on the platform and found an interesting pattern:

📌 The most profitable time to sell assets is on average 9 days and 11 hours after the end of Launchpool.

📌 The average yield when choosing this outlet is 8.7%, the user analyzed only the first 14 days of trading and took into account trading pairs with the BNB token.

What are your thoughts on Binance Launchpool?
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#BinanceLaunchpool #newlistings #strategy

🆕 #BTC dominance broke through the local high.

📌 Given that the momentum occurred on the decline of the first cryptocurrency, altcoins reacted extremely negatively. The dominance indicates that funds have flowed out of them into Bitcoin.

📌 At the moment, the potential for growth to about 60% is present. As for the global picture, after the upward momentum, I expect a long and deep decline in domination. This means that altcoins will give the opportunity to accumulate more volume at more favorable prices, but we will have to wait longer for their growth.
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#BitcoinHalvingDrama #AltSeaason #OpinionTime $BTC

🆕 Weekly Crypto Recap

1️⃣ Uniswap said it has received a Wells notice from the SEC.
The Wells notice means the US Securities and Exchange Commission (SEC) has investigated the Uniswap exchange and plans to file a lawsuit against it. The Uniswap team stated that the products offered by the exchange do not violate laws. Uniswap also said that all Uniswap products and the Uniswap protocol are unaffected and tokens traded on secondary markets such as Uniswap are not investment contracts.

2️⃣ TON and Oyster Labs announced a basic smartphone. Oysterworld, the flagship project of Oyster Labs, has partnered with TonUp to develop a Web3-enabled Universal Basic Smartphone specifically for Telegram's 900 million users. It features more than 600 decentralized applications (dApps) on the TON blockchain. The development aims to accelerate the adoption of mobile blockchain technology and open up new opportunities for TON ecosystem assets.

3️⃣ The Polkadot community has voted to sponsor IndyCar star Conor Daly.
Conor Daly will be the Polkadot brand ambassador for the upcoming Indianapolis 500 race on May 26. This sponsorship will kick off a year-long collaboration between Polkadot and Daley.

4️⃣ MetaMask announced the launch of an eirdrop verification service.
Cryptocurrency wallet MetaMask has partnered with onchain project Daylight to provide a new feature that users can use to find out if they meet the criteria for token distribution within eirdrops. The feature is supported on blockchains such as Ethereum, Optimism, Arbitrum, Base, Zora and Polygon.

5️⃣ The Notcoin project team announced the denomination of balances.
The conversion affected in-game currency, vouchers and the total stock of NOT tokens. The Notcoin team removed the three zeros to make the token price easier to read. The denomination applies to NOT tokens on the premarket as well.
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#NewsUpdated #write2earn🌐 #EarnWithWriting #hottrendingtopics

🆕 Explaining Crypto Market Manipulations:

In the world of cryptocurrencies, market manipulations are rampant, orchestrated by big players to influence prices for profit. Here's a concise look into how they do it, why, and the impacts on major coins like Bitcoin (BTC) and Ethereum (ETH), along with strategies for prediction.

📌 Understanding Market Manipulations:

Manipulations involve tactics like pump and dump schemes, whale manipulation, spoofing, and wash trading. These tactics aim to inflate prices artificially or deceive traders for personal gain.

📌 Motivations Behind Manipulations:

Manipulators seek profit maximization, market control, and strategic positioning within the market.

📌 Impacts of Major Coin Price Swings:

Bitcoin and Ethereum's price swings affect market sentiment, altcoin performance, and liquidity across the crypto landscape.

📌 Predicting Market Manipulations:

While not foolproof, monitoring trading volume, order book activity, social media, news, and employing technical analysis can help identify potential manipulation attempts.

In summary, market manipulations in cryptocurrencies are pervasive, driven by profit motives and market dynamics. Understanding their strategies, impacts, and employing vigilance aids in navigating the volatile crypto market.
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#Manipulation #MarketSituation #BitcoinHalvingDrama #write2earn🌐💹 $BTC $ETH

🤡 Memcoins as a new GTM strategy

⚠️ Article by Li Jin of Variant Fund.

📌 One of the new go-to-market, go-to-market (GTM) strategies is the creation of memcoin, which is gaining popularity. While traditional GTM consisted of first creating a product and then building a community around it through marketing and memes. Memcoins have it the other way around.

📌 By launching a project that initially integrates with the popular memcoin, the new app/infrastructure can attract a base of shield holders who can get more value out of their tokens.

Here are some examples:

▪️ BONKbot, a Telegram trading bot on Solana, originated from the BONK memcoin. An independent team launched a trading bot that uses a portion of commissions to buy and burn BONK. Which has led to the popularity of this bot among BONK memcoin holders.

▪️ This strategy also works for infrastructure projects. Take SHIB, for example, which runs Ethereum Layer 2 Shibarium. By including the token in L2, this strategy activates the existing community of holders to overcome the cold launch of the new L2.

▪️ Berachain, an EVM-enabled, bear-themed blockchain that launched its test network in January, also has its origins in memes like NFT. SmokeyTheBera originally launched the NFT project in 2021 under the name Bong Bears and over time built a community that has grown into a base of interested developers and users.

▪️ Many consider memcoin trading to be gambling or a strange form of financial entertainment, but its growing popularity and active communities could mean it will become a viable part of GTM strategies. For users, the new development is that memcoins as assets allow anyone to invest and be part of a massive community, internet culture and community currency.

How do you feel about memcoins?
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#MemeCoinsSeason #article #OpinionTime #MemeToDream #TradeWithCare $SHIB $PEPE $DOGE

🆕 Regarding XRP

📌 Ripple is enduring a 6-year corrective trend within a 1m scale momentum.

The shape of the correction: "triangle".

📌 This corrective, sideways movement is interpreted as accumulation until proven otherwise.

📌 Conservative targets when worked out with a negative seller's block [$1.5 - $1.95].

📌 This is a major resistance frontier.
Standard targets extend in the neighborhood of $5, and I do not consider logarithmic targets on this asset.

📌 Speculative cancel level(speculator's stop): 0.4226$.
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#market_analysis #RippleXRP? #Opinion

🆕 Regarding #BTC

📌 I drew a figure on the 4-hour chart, we made a false upside breakout and firmly broke the support, so it may mean that we can get under the correction in the near future.

📌 But, we should not forget that there is less than one week left till halving, so we will be subjected to strong manipulations, like yesterday, the fall on alts is more than 15% of net movement.

I advise you to trade carefully and allocate your budget in a measured way.

📌 My thoughts are as follows, if we consolidate below $69.000$, we will go sideways, the range is 65.000-68.000$ with a possible break down to 62.000$, if we return to the values around 70.000$, we will continue to grow and go to feel new highs.
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#BitcoinHalvingDrama #OpinionTime #TradeWithCare #EarnWithWriting $BTC

❕Bitcoin, meanwhile continues to indicate a reversal.

📌 As I noted on April 6: "Multiple factors from an overheated funding rate to volume delta are pointing to the need for a correction", at the moment, the current situation is leaning more and more to the downside: significant capital outflows from ETFs continue, growth is taking place on lower and lower volumes, and there is a lot of manipulation of highs on the chart - as I've told you many times before, a major player is creating them intentionally in order to knock the buyer out of the market and set a short.

📌 For the last 60 days the manipulator kept the price in the sideways $60.000-$70.000, accustoming the general mass of traders to buy back every pullback and shorting immediately after the growth slowdown - this will "ruin" them: on average, it takes about 2 months to form a habit, and as soon as the big player is convinced that the crowd is ready to buy back every pullback with shoulders, he will easily launch the price to $50.000 and possibly lower on large liquidations 💯

But you and I are in full control of the situation and we direct our attention to the Ethereum ecosystem for a reason.
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#BitcoinHalvingDrama #BitcoinAwareness #EthereumFuture $BTC $ETH

🆕 Good Morning, enjoy some morning news ☀️☕️

❓Question of the day:
- What happens when BTC breaks this line?

📌 Outflows from GBTC have fallen to $17m a day, with a total of $123m put into ETFs yesterday. BTC is back above $70k 😋

📌 Uniswap trashed the SEC charges and said it is ready to defend itself in court. But the price is down 16%.

📌 Billionaire Tim Draper recalled his $250k bitcoin prediction, says ETFs and halving could make it real in 2024 🤑

📌 Starknet plans to increase network performance by 3-10x from 100 TPS to 300-1000 TPS. A useful thing, but don't chase speed like Solana 😉

📌 The Finance Ministry is waiting for laws to be passed to regulate cryptocurrencies this year. Same way he waited for them in 2023 and 2022 😁
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🪙 Top 3 coins in 24 hours:
Neo - $23.43 (↑16.68%)
JasmyCoin - $0.02421 (↑16.56%)
Helium - $6.22 (↑12.47%)
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#newsdaily #update #MarketSituation #EarnWithWriting $BTC $ETH $UNI

Will SOL recover? 🧐

📌 Solana developers intend to solve the problem with non-execution of transactions on April 15, 2024. At the same time, the team noted that the date of fixes implementation may be postponed during testing of the upcoming update.

📌 Last month, some Solana users started complaining about network glitches. They have been experiencing an increasing number of errors during transaction execution. The problem has gained momentum over time and between April 4 and April 5, 2024, about 77% of all transactions of this type failed to complete.

📌 A number of analysts noted that the increased failures have a connection to increased user activity amid the memcoin rally. Fantom Foundation co-founder Andre Cronje supported the developers and said that the cause of the problem lies in the increased demand for blockchain.

📌 Mert Mumtaz, an active supporter of Solana and CEO of the Helius project, published a post on social network X (formerly Twitter) in which he talked about preparing a patch with the update. According to him, the team has already discovered the network bottleneck.

📌 It is about the implementation of QUIC data transfer protocol, which is responsible for informing all nodes about the current state of the blockchain. However, Mumtaz noted that the problem is not a flaw in Solana's design. He described it as a failure to implement a separate part of the project.

"Solana uses a network protocol called QUIC. The implementation of this protocol currently has certain difficulties and errors. However, this does not mean that the blockchain has a design flaw, it just indicates that this part of the design is not properly implemented," Helius CEO said.

📌 In addition, Mumtaz noted that Solana suffers from other problems. Among them, he cited economic factors that need to be taken into account in the long term. However, the issue of QUIC implementation is at the top of the list and should be resolved soon, Mumtaz emphasized.
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#newsdaily #EarnWithWriting $SOL

Ah s**t, here we go again 📉 ⚠️

The bitcoin rate fell to $68,466 in the moment. Against this background, the volume of liquidations on futures contracts amounted to about $290 million.

At the time of writing, bitcoin has partially recovered its position. The asset is trading around $69,250, according to TradingView. As you can see on the chart, the price began to fall in the evening of April 9, just after the start of the trading session in the United States.

Bitcoin's dominance rate at the time of this article is 54.23%. On the morning of April 10, 2024, a rising trend was visible on the chart, but then it reversed:

On the background of this drawdown, the volume of liquidations on futures contracts increased significantly. The indicator reached almost $290 million with a significant prevalence of long positions.

103,668 traders have gone under liquidation. Among the platforms in the leaders, already traditionally, Binance and OKX. They account for about 80% of all losses.

Almost all of the top 10 crypto assets by capitalization indicator were marked by drawdown. Among those, Dogecoin (DOGE), bitcoin (BTC), Ethereum (ETH) and Solana (SOL) stand out:

The Fear and Greed Index has dropped two points in the last 24 hours. Despite this it still indicates a sentiment towards hoarding.
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#BitcoinAwareness #BitcoinHalvingDrama #PriceShift $BTC $SOL $DOGE

🆕 News & Market Insights

⚠️ About 9 days to halving and it will be special!

📌 A 2-fold decrease in issuance has always led to an increase in whale demand, but it is already at the highest level ever.

📌 Bitcoin-ETF is again in the negative, but only by $19 million. So today investors are more concerned about US inflation data. They will be released this afternoon and are expected to rise to 3.4%, which isn't terrible. But there could be volatility if the actual result is way past the forecast.

The first bitcoin ETFs in Hong Kong could be approved as early as April 15, and then it will take another 2 weeks to launch trading. Waiting... 💸

As for the ether ETFs, there won't be any in May. The head of VanEck said that SEC has had little interaction with them on this issue, hence not going to take anything ✨

🔝 Top 3 coins in 24 hours:
Nervos Network - $0.0357 (↑14.32%)
Bittensor - $638 (↑10.65%)
Ethena - $1.40 (↑6.75%)
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#CryptoNews🚀🔥 #BitcoinHalvingDrama #ETFs✅ #EarnWithWriting $BTC $ETHFI #MarketSituation

🆕 Did you know that there are always opportunities in the market?!

📌 There are always glimpses of opportunities in the crypto markets, but often we don't know how to recognize them in time.

📌 As traders, we are constantly hunting for profits and looking for the perfect time to enter a trade. But often opportunities can be hidden behind the noise of the market or unnoticeable at first glance.

📌 To successfully recognize these moments, it is important to constantly develop and improve your analysis skills. Training and practice will help you better understand market dynamics and identify opportunities even in the most difficult situations.

📌 Don't forget that every mistake is a chance to learn. So don't be afraid to make mistakes, it's important to learn from them and move on.

⚠️ Just keep your finger on the pulse of the market and strive to constantly improve your skills!
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#OpinionTime #inspiration #TradingSkills #OpportunityAwaits #EarnWithWriting