Crypto VIP Signal

28 Jun 2024 20:54

IMX analysis:

Price broke below the support area, forming a small triangle pattern. The small uptrend line is working as a support. Let's see if it can hold this level.

Support Area: $1.45-$1.48

Resistance Area: $1.67-$1.78

Crypto VIP Signal

28 Jun 2024 12:26

The altcoins market cap (TOTAL2) is gradually increasing and reclaiming the trendline. We may witness a continuation of the upward movement in altcoins. Increase your stop-loss and maintain the trades.

Crypto VIP Signal

27 Jun 2024 21:26

ARB analysis:

Price broke below a major area and is now attempting to reclaim it. Let's see if the price can break above this area or not. Only open long positions after a break and close above this level.

Resistance Area: $0.843-$0.857

Crypto VIP Signal

27 Jun 2024 14:51

DOGE analysis:

Price is currently trading near a major support area. Consider accumulating some DOGE at this level, as we anticipate a potential move towards the resistance trendline.

Support Area: $0.113-$0.120

Resistance Area: $0.145-$0.148

Crypto VIP Signal

27 Jun 2024 08:14

Bitcoin is currently consolidating above the support level, and we might experience further sideways movement. Let's observe price action over the next 2-3 days.

Crypto VIP Signal

26 Jun 2024 16:15

Yesterday was a rough day for Bitcoin, marking the third largest loss day of the year. The market experienced significant sell-offs, leading to a sharp decline.

Crypto VIP Signal

26 Jun 2024 10:58

The altcoin market cap (TOTAL2) dropped to the expected support area and attracted liquidity. The price instantly bounced from the support area, and altcoins showed positive growth despite BTC dropping. This could signal that it has bottomed out, and we may see a good rally in the coming days. Hoping you have accumulated good coins for the bull season.

Crypto VIP Signal

25 Jun 2024 20:36

OMNI analysis:

Price tested the support area multiple times and bounced from there. You can also open long positions at the support area with tight stop loss.

Support Area: $12.80-$13.80

Resistance Area: $17.90-$18.90

Crypto VIP Signal

25 Jun 2024 13:33

MATIC again drop to the support area and bounces from there. Hoping you have got some MATIC for the mid-term. You can still place your orders and wait. The support level remains the same.

Crypto VIP Signal

25 Jun 2024 09:17

Bitcoin is currently experiencing a downtrend, with the price approaching the $60,000 support area as predicted. A significant wick below the support area indicates stop hunting and liquidations. The positive news is that the price is now above the $60,000 level. We may witness some sideways movement before the next move. A daily candle closing below $60,000 would be bearish, so keeping an eye on the support area is important.

Crypto VIP Signal

24 Jun 2024 16:57

Bitcoin Dumps on Mt. Gox Repayment News

The recent announcement of Bitcoin and Bitcoin Cash repayments from Mt. Gox has triggered a sharp sell-off. We've observed the first wave of this dump, and it looks like the market may now move sideways for a bit. Be prepared for a potential test of the $60,000 level as liquidity is sought.

Crypto VIP Signal

24 Jun 2024 07:43

Bitcoin has been unable to surpass the $65,000 level and the price has dropped significantly. The next support area is between $60,000 and $60,500; we may see a test of this level before the next move. Having some spare USDT to buy the dip could be a good idea.

Crypto VIP Signal

23 Jun 2024 16:29

BITCOIN on exchanges continues to drop as investors move their holdings to secure, self-custody wallets.

Crypto VIP Signal

23 Jun 2024 12:12

VANRY has given another test to the support area and has bounced from there. The long position is now showing a profit of more than 15%. You can consider increasing your stop loss and holding the position. A break above the resistance area will likely result in further upward movement.

Resistance Area: $0.156-$0.159

Crypto VIP Signal

22 Jun 2024 20:32

ORN analysis:

The price has been consistently rejected at the resistance area and is currently moving downward. It's best to avoid trading in this zone and wait for a stronger setup. A break above the resistance area would indicate a bullish trend. Let's observe the price action in the upcoming days. If you decide to trade within the range, be sure to use a tight stop loss.

Support Area: $1.26-$1.33

Resistance Area: $1.76-$1.87

Crypto VIP Signal

28 Jun 2024 14:02

OMNI dropped to the support area again and bounced from there. If you have opened long positions, increase your stop loss and hold the trade. The support and resistance levels remain the same.

Crypto VIP Signal

28 Jun 2024 09:13

Nothing has changed in the market, and BTC continues to move sideways. We may see the same movement over the weekend. Keep an eye on the support and resistance levels.

Crypto VIP Signal

27 Jun 2024 15:56

At the time of writing, LTH-NUPL is at 0.66, which resides between levels associated with the pre-euphoria phase 🟢. This condition has been in play for 96 days, a very similar duration to the 2016-17 cycle.

Crypto VIP Signal

27 Jun 2024 10:52

The price of SOL dropped below the support area to trigger stop losses. It is now trading above the support area, signalling a positive trend. Consider accumulating SOL if it retests the support area.

Crypto VIP Signal

26 Jun 2024 20:31

STX analysis:

Price is forming a falling wedge pattern on lower time frames. STX has been rejected from the local resistance area, indicating a potential continuation of the downtrend.

Support Area: $1.45-$1.50

Local Resistance Area: $1.80-$1.93

Crypto VIP Signal

26 Jun 2024 13:58

KLAY tested the support area and bounced from there. If you have opened a long position at the support area, increase your stop loss to the breakeven point and hold the trade. We may see a move towards the resistance area.

Resistance Area: $0.192-$0.203

Crypto VIP Signal

26 Jun 2024 08:36

Bitcoin was able to close the daily candle above the $60,000 support level, which is a good sign. There might be some accumulation around the support area before the next move. The market will only turn bearish after a break and close below the $60,000 level.

Crypto VIP Signal

25 Jun 2024 15:49

Educational Post

What Are ARC-20 Tokens?

ARC-20 tokens are a type of digital asset created using the Atomicals protocol. They are fungible tokens that represent ownership of assets on the Bitcoin network.

ARC-20 represents a method for creating, transferring, and managing digital assets within the Bitcoin ecosystem, leveraging the protocol's capabilities to ensure unique digital ownership.

How Do ARC-20 Tokens Work?

ARC-20 tokens are linked to the value of at least one satoshi, the smallest unit of Bitcoin. This ensures that each ARC-20 token has a minimum value and cannot go below 1 satoshi. The tokens can be used, transferred, and split just like regular units of Bitcoin.
Each ARC-20 token has a built-in ticker and name service, ensuring that each token has a unique identifier. Additionally, each token carries its entire transaction history since its creation, eliminating the need for a centralized indexing service and enhancing transparency and security.

What Is the Atomicals Protocol?

The Atomicals protocol is an open-source system designed for creating digital objects, known as "Atomicals" or "atoms," on Bitcoin and other blockchains that use the UTXO (unspent transaction output) model.
These digital objects can be static or dynamic, including both fungible tokens and non-fungible tokens (NFTs). Atomicals are created through Bitcoin transactions and are compatible with any Bitcoin wallet, eliminating the need for additional chains, layer 2 networks, or third-party services.

Crypto VIP Signal

25 Jun 2024 11:23

ORN is still in a downtrend, with the price just missing the support area. A test of the support area may be seen before the next move. Consider opening long positions at the support area with a tight stop loss.

Support Area: $1.26-$1.33

Resistance Area: $1.76-$1.87

Crypto VIP Signal

24 Jun 2024 19:09

We Warned You About the Dump!

As we predicted there is a sharp Bitcoin sell-off. We hope our earlier warning helped you stay prepared. This is why following technical analysis (TA) setups is crucial. Now, let's see how BTC reacts at the support area for its next move. Stay tuned for more updates!

Crypto VIP Signal

24 Jun 2024 11:25

Big News: Mt. Gox Trustee Announces Bitcoin and Bitcoin Cash Repayments Starting Early July 2024!

That may bring some selling pressure in the market and may bring some panic selling. Be prepared for high volatility in the market.

Crypto VIP Signal

23 Jun 2024 19:51

CHR analysis:

The price is currently in a downtrend with no sign of strength. CHR has broken the support area and retested it. There may be a continuation of the downtrend towards the next support area. It's advisable to wait for a test of the lower support area for new entries.

Support Area: $0.207-$0.217

Resistance Area: $0.25-$0.263

Crypto VIP Signal

23 Jun 2024 14:26

Educational Post

What is a BagHolder?

In the crypto space, the word bag refers to the coins and tokens one is holding as part of their portfolio. Typically, the term is used to describe a significant amount of a particular cryptocurrency. There is no defined minimum, but when the value is relatively high, one could say they are holding “heavy bags” of a certain coin or token.

Investors that hold bags for long periods are often called “bagholders.” Although the term may apply to different situations, it is usually related to investors that insist on holding their bags despite the poor market performance. In other words, bagholders are HODLers that stick to their assets even if their bags experience a significant decline in value (during strong bear markets).
There are various theories that try to explain the reasons why an investor become a bagholder. On the one hand, some investors simply don’t follow what is going on in the market. Either because they have a strong belief that their bags will be valuable in the future, or because they just lack the time or interest to track the performance of their coins.

There is also a phenomenon called the disposition effect, which is likely related to the bagholders mindset. It describes the tendency of investors to stubbornly hold their bad performing bags (hoping for a recovery), while quickly selling bags that increase in value. The disposition effect relates to the fact that humans, in general, dislike losing more than they enjoy winning - even if the final result is the same.

Crypto VIP Signal

23 Jun 2024 08:26

Bitcoin is currently trading sideways, and this trend may continue until the global markets open. The initial resistance level is at $65,000, and the price needs to surpass this threshold to gather bullish momentum.

Crypto VIP Signal

22 Jun 2024 16:47

Educational Post

What is Block Header?

The block header is a section in a block that serves as a summary of the rest of the block. It’s made up of all the metadata – such as the time and difficulty when the block was mined, the Merkle root of the included transactions, and the nonce. Also present is the previous block’s hash, which is what allows us to create the “chain” of blocks. In essence, the block header contains any data that isn’t the list of raw transactions itself.

A block header is what the miners hash to try and make the block valid. This is a lot more efficient than hashing the entirety of the block, which can be made up of thousands of transactions. It would be vastly more cumbersome for a miner to change the nonce and to rehash a whole 2MB block for every attempt. Compare this with hashing Bitcoin’s block headers, for instance, which have a fixed length of 80 bytes.

Block headers are great from a mining point of view, but because of their small size, they’re also ideal for light clients. The Bitcoin blockchain is too large for devices like smartphones to store. If the chain had 100,000 1MB blocks, you’d consume 100GB of space. But with just the block headers for those same blocks, you’d only take up 0.008GB, or 8MB.

In this way, devices with less bandwidth or storage space can still perform some degree of validation. Because the Merkle root encapsulates all of the transactions, they can later check whether a transaction was included in a particular block. This does come at a cost – the user must still rely on a third party to provide them with necessary information. With that said, light clients are preferable to a system where the users perform no verification at all.