#WORK looks good to buy! The price has broken the horizontal resistance and now ready for a pump!
Blue zone is for buying, my local targets are on the chart!
📍#REVIEW BITCOIN
#BTC starts the week with a local dump. Nothing new, in fact, last two Mondays made it all back to previous weeks levels!
There's a pattern I've noticed and I'm afraid we might see it again! Here is the scheme:
1. #BTC breaks the lows
2. The price goes up for a retest
3. Back to the lows
4. 2nd retest
5. We go down
If this happens again, we'll get another relatively green Monday (third in a row) and one more retest of $41800 level. And of course the 2nd decline will send us to 41,
000 , 39500 , 38000.
📈 Bitcoin ETFs surge as BlackRock's IBIT & Fidelity's FBTC grab 95,295 BTC, crossing a massive $3.90 billion in total assets!
🏆 Leading the pack:
BlackRock ( IBIT ) holds 33706 BTC = $1.4 Billion
Fidelity ( FBTC ) holds 30384 BTC = $1.25 Billion
📉 Meanwhile, Grayscale's GBTC lost ~3 billion with current Bitcoin holdings at 5,52,077.7 BTC
Source: Bloomberg
🔍 Choosing the Best Exchange for Bitcoin in 2024: CryptoEase Guide
If You’re looking to find an exchange for the first time. What are the important things to consider?
📌 1. Fees & Transaction Costs
➡️ Investigate fee structures & maximize Bitcoin per dollar invested
➡️ Consider direct fees, buy-sell spread, & withdrawal fees
📌 2. Ease of Moving Bitcoin
➡️ Assess how easy it is to transfer Bitcoin to a personal wallet
➡️ Look for exchanges that allow for easy withdrawals to self-custody
📌 3. Connection to Fiat Rails
➡️ Determine how quickly & easily you can move money between bank account & exchange
➡️ The best exchanges make it simple to deposit & withdraw fiat currency
📌 4. Variety of Crypto on the Exchange
➡️ Decide whether you want access to Bitcoin only or the opportunity to speculate on different tokens
📌 5. Know Your Customer (KYC) Regulations
➡️ Most exchanges require KYC, but options like Peach Bitcoin may help avoid this
➡️ If you’re willing to do KYC, find an exchange that makes it easy to comply
📌 6. Platform Usability & Customer Service
➡️ User experience & customer support are crucial
➡️ Look for a user-friendly interface & responsive customer support
📌 7. Lightning Network Withdrawals
➡️ Lightning withdrawals can make transactions cheaper & faster
Ideal for daily DCA & self-custody withdrawals
📌 8. Overall Security & Reputation
➡️ Choose an exchange with a strong track record of ethical behavior & no security breaches
➡️ Trust the exchange with your funds temporarily
📌 9. Regulation & Longevity
➡️ Consider the rules & regulations governing the exchange
➡️ Opt for a reputable, established exchange like Coinbase/Binance
📌 10. User Reviews
➡️ Read user reviews to get firsthand insights into the strengths & weaknesses of different platforms
➡️ Make an informed decision based on your priorities
💡 Remember to do your own research and choose the exchange that best suits your needs and preferences! 👍
🚨 BREAKING 🚨
#Bitcoin now ranks as the 2nd largest ETF commodity in the U.S, securing the top 3 spot by AUM:
Gold: $96.25B
BTC: $28B
Silver: $11.5B
The success of the Spot ETF is monumental.🚀
Soon, it will reach No. 1 as it continues to grow.🔥
🔡🔡🔡🔡
📢Bloomberg analyst said that SEC may approve the launch of options on spot Bitcoin ETF by the end of February.
🔗Source: Click here
💰 #ETH/USD
Most likely it's a fakeout🔻 on $ETH and we receive a leg down in short-term📉
Setup gets confirmed on the break below $2450 support level
📢Grayscale has sold 52,000 Bitcoin since the launch of the Spot Bitcoin ETF equivalent to approx: $2B in a single week🥲
Читать полностью…📍#Bitcoin update (Continuous)
➡️Bitcoin price hold its position above support level which is good. If Bitcoin break that support level we will see Bitcoin price will touch $39,500.
➡️On #Bitcoin daily high-low chart, Hidden Bullish Divergence in RSI has been formed since Dec 2023.
➡️This may indicate a higher possibility of uptrend continuation in a head of time.
Stay tuned for more info!!
#SOL is awaiting a bullish pennant breakout on the 6-hour timeframe💁♂️
If this breakout occurs, expects a massive bullish wave with potential for over 30% profit✈️
#BTC weekly close is super ugly. ETF approval worked like sell the news and sent us back down to $42k.
But there's more than just that! Right now Grayscale clients hold more than 600k Bitcoin in their fund paying enormous 1.5% fee! Comparing with other funds, this kind of fee is inadequate.
That's why we are facing sell pressure of thousands of Bitcoins! Even those who didn't want to sell - they think about selling now just to change their fund!
Still early to be bullish due to halving, I think that accumulation formation will take some time!
✅ Bitcoin Update (continuous)
➡️Bitcoin weekly chart faces resistance, experiencing a significant rejection.
➡️Current price retreats to the support zone, marked by the green horizontal line at around $43,250.
➡️Crucial for the price to stay above this level for a positive outlook.
➡️Caution advised in open positions due to a noticeable change in market structure.
➡️Bitcoin weekly candle closed in red but the good thing is price hold its position above $42,000 which shows bull still able to take the price up.
Stay tuned for more info 🌐
BlackRock now holds 11,439 $BTC worth over $497 million for their spot Bitcoin ETF.
Читать полностью…🚨$KSM / USDT : 4H
🧩Analysis :
• The price is currently in an uptrend, forming higher highs (HHs) and higher lows (HLs), while also respecting the 200 exponential moving average (EMA).
• Recently, there was a breakout of the trendline, and the price is now finding support above the 200EMA. Based on this analysis, it is expected that the price will continue its bullish trend and potentially test its previous swing high.
• It is advisable to wait for the price to break above the $47 level before considering a long position, with a target of 37% from the entry price. 📈🚀
Buy : $47
Target : $65
SL : $36.5
🚨 $XLM / USDT : 1H
• The price is in a downtrend, forming lower lows (LLs) and lower highs (LHs), while respecting the 200 Exponential Moving Average (EMA) as dynamic resistance.
• At the moment, the price is declining after rejecting from the 200 EMA.There is an anticipation that the price will persist in its downtrend and test its previous swing low.
Sell : $0.114
TP : $0.109
SL : $0.117
↗️ Alts may appear bearish if stagnant, but don't overlook potential for the next upward move.
↗️ After 550 days of sideways price action, alts broke out recently and are consolidating.
↗️ Similar patterns were observed before altcoins went parabolic in previous bull runs.
#Bitcoin if broke $40k we are for sure going for $38k ride and if that is broken see you at $35k . #NFA #DYOR
Читать полностью…📢Do Kwon’s Terraform Labs files for Chapter 11 bankruptcy protection.
🟠The firm claims to have between $100 million and $500 million in both estimated assets and liabilities.
🔗Source: Click here
Grayscale Sold 83,027 Bitcoins in Few Days?🤔
#GBTC currently holds 566,973 $BTC out of the ~650K BTC held in ETFs
Here's the bold forecast:
GBTC #BTC will go down, while the total #Bitcoin in ETFs will surge upwards!
$GBTC ⬇️
Total BTC in ETFs ⬆️
Source: #Grayscale
🚨$MANA / USDT : 4H
🧩Analysis :
• The price is in an uptrend, making higher highs and higher lows. After a bullish move, it's now in a consolidation phase, retracing towards the previous support zone.
• The recent bounce from the support level and breakout of the trendline triggered the entry. Previous swing high will be potential target .
Buy : $0.471
Target : $0.596
SL : $0.390
🚨$IRIS / USDT : 1D
🧩Analysis :
• The price is currently exhibiting an uptrend, characterized by the formation of higher highs (HHs) and higher lows (HLs), while respecting an upward sloping trendline.
• At present, the price is in a correction phase, retracing towards the previous support zone, which coincides with the trendline.
• It is anticipated that the price will resume its upward trend and rebound from the trendline, potentially forming an impulsive bullish move. For this trade, the previous swing high can be considered as a target.
Buy : $0.0285
Target : $0.0357
SL : $0.0246
🚨BREAKING 🚨
#Celsius and #FTX/Alameda once again transferred $43 million worth of #crypto assets today. 💰
The #Celsius transferred 34.08 million #MATIC (about $26m) to #Binance
The #FTX/Alameda transferred
♦️207 WBTC ($8.6m)
♦️1,150 ETH ($2.85m)
♦️135 WBTC ($5.6m)
🔡🔡🔡🔡
📢Spot Bitcoin ETF trading volume surpasses $9.4 billion in its first three days.
#DGB/USDT
DGB is holding inside the descending triangle on weekly timeframe🧐
Expecting upward movement✈️
📍BTC DOMINANCE UPDATE
The orange trend line was broken down, but the breakdown is NOT CONFIRMED yet.
The dominance was stopped by a level 1 by Fibo and if we see a proper pump from there, the possible Altcoin Party will be cancelled.
To be confident about this breakdown, we need at 3D candle to close below the orange trend line.
#TOTAL MARKET CAP ANALYSIS
Total market cap is currently stabilizing within an ascending channel. Presently, the price is trading above the channel's support trendline. The Ichimoku cloud indicates a bullish momentum, suggesting a possible continuation of this upward trend.
Nevertheless, should it breach the channel's boundaries, we might anticipate a more pronounced correction in the market.
#BTC
Price showed a bearish divergence after failing to break above $47,000 resistance👀
It has now pulled back to the key support zone around $42,000, where rejection could see further downside📉
The market structure has turned bearish, so caution is warranted on new trades☝️
Breaking News:
Following Apple's lead, Google Play Store has now removed popular cryptocurrency apps including Binance, KuCoin, and OKX, as mentioned in the FIU notice.