Crypto VIP Signal

07 Apr 2024 16:23

Educational Post

What is Relative Strength Index (RSI) Indicator?

Technical analysis (TA) is, essentially, the practice of examining previous market events as a way to try and predict future trends and price action. From traditional to cryptocurrency markets, most traders rely on specialized tools to perform these analyses, and the RSI is one of them.

The Relative Strength Index (RSI) is a TA indicator developed in the late 1970s as a tool that traders could use to examine how a stock is performing over a certain period. It is, basically, a momentum oscillator that measures the magnitude of price movements as well as the speed (velocity) of these movements. The RSI can be a very helpful tool depending on the trader profile and their trading setup.

How does the RSI indicator work?

By default, the RSI measures the changes in an asset's price over 14 periods (14 days on daily charts, 14 hours on hourly charts, and so on). The formula divides the average gain the price has had over that time by the average loss it has sustained and then plots data on a scale from 0 to 100.

As mentioned, the RSI is a momentum indicator, which is a type of technical trading tool that measures the rate at which the price (or data) is changing. When momentum increases and the price is rising, it indicates that the stock is being actively bought in the market. If momentum increases to the downside, it is a sign that the selling pressure is increasing.

The RSI is also an oscillating indicator that makes it easier for traders to spot overbought or oversold market conditions. It evaluates the asset price on a scale of 0 to 100, considering the 14 periods. While an RSI score of 30 or less suggests that the asset is probably close to its bottom (oversold), a measurement above 70 indicates that the asset price is probably near its high (overbought) for that period.

Although the default settings for RSI is 14 periods, traders may choose to modify it in order to increase sensitivity (fewer periods) or decrease sensitivity (more periods). Therefore, a 7-day RSI is more sensitive to price movements than one that considers 21 days. Moreover, short-term trading setups may adjust the RSI indicator to consider 20 and 80 as oversold and overbought levels (instead of 30 and 70), so it is less likely to provide false signals.

Crypto VIP Signal

07 Apr 2024 10:39

🚨 Beware of scam links! 🚨

We've received reports of users losing funds after clicking on unwanted links. Scammers are taking advantage of new features to exploit unsuspecting individuals.

At Crypto VIP Signal, we prioritize your safety. We never promote malicious websites links or request funds. However, please note that we are not accountable for the ads displayed on our channel.

Your security is paramount. Always double-check links before clicking. Stay vigilant and safeguard your assets at all costs. Stay Safe 😊

Crypto VIP Signal

07 Apr 2024 07:41

11 reasons to only follow Crypto VIP Signal -

1. Followed by top guns of crypto including CZ, KuCoin CEO on Twitter

2. Top cryptocurrency media houses talk about Crypto VIP Signal -

Yahoo Finance , Daily  Coin
coingape , Binance feed ,  bitcoinik ,bitcoinleef , dailycoin

3. Top trending on Binance Feed - link

4. Top trending on Google search.

5. Regular AMAs with top Binance listed projects

6. Daily Bitcoin and crypto market updates

7. Regularly educational PDFs, On-Chain data analysis, trading  guides created by our experienced team which is just exclusive for our community.

8. Daily analysis of community voted coin

9. Signal accuracy of nearly 95% on spot and future calls

10. Regular giveaways for community

11. Regular updates about the newest trend in crypto market

Unmute and Pin our channel on top to get an edge over entire crypto community 😊

Crypto VIP Signal

06 Apr 2024 20:38

API3 analysis:

Currently, the price is hovering near the support trendline, and we may witness a movement towards the local resistance zone. However, the market seems to lack strength, and it is advisable to wait for new entry points.

Support Area: $2.70-$2.95

Local Resistance Area: $3.35-$3.45

Crypto VIP Signal

06 Apr 2024 15:09

Educational Post

What are Market Makers and Market Takers?

Market Makers

Exchanges often calculate the market value of an asset with an order book. This is where it collects all the offers to buy and to sell from its users. You might submit an instruction that looks like the following: Buy 800 BTC at $4,000, for example. This is added to the order book, and it will be filled when the price reaches $4,000.

Maker (Post Only) Order like the one described requires that you announce your intentions ahead of time by adding them to the order book. You’re a maker because you’ve “made” the market, in a sense. The exchange is like a grocery store that charges a fee to individuals to put goods on the shelves, and you’re the person adding your own inventory.

It’s common for big traders and institutions (like those specializing in high-frequency trading) to take on the role of market makers. Alternatively, small traders can become makers, simply by placing certain order types that aren’t executed immediately.

Please note that using a limit order does not guarantee that your order will be a maker order. If you want to make sure the order goes into the order book before it is filled, please select “Post only” when placing your order (currently only available on the web version and desk version).

Market Takers

If we keep the store analogy going, then surely you’re putting your inventory on the shelves for someone to come and purchase it. That someone is the taker. Instead of taking tins of beans from the store, though, they’re eating into the liquidity you provide.

Think about it: by placing an offer on the order book, you increase the liquidity of the exchange because you make it easier for users to buy or sell. On the other hand, a taker removes part of that liquidity. with a market order – an instruction to buy or sell at the current market price. When they do this, existing orders on the order book are filled immediately.

If you’ve ever placed a market order on Binance or another cryptocurrency exchange to trade, say then you’ve acted as a taker. But note that you can also be a taker using limit orders. The thing is: you are a taker whenever you fill someone else's order.

Crypto VIP Signal

06 Apr 2024 11:38

It appears that SOL has broken the triangle in a downward direction due to a transaction failure issue on the Solana blockchain. The price is currently being retested against the trendline, and it remains to be seen how it will react at that point. The price has already bounced back up from a support area, so any break below that support level could be a bearish signal.

Next Support Area: $133-$140

Crypto VIP Signal

05 Apr 2024 22:26

Dear valued members,

We're thrilled to share some exciting news with you all. We're excited to announce that our services are available completely free of charge. Unlike others, we don't have VIP or Premium membership. Our longstanding presence in the crypto space has allowed us to earn recognition for the significant value we bring to the table., and we're thrilled to continue doing so. Thank you for your unwavering support, and we look forward to continuing this incredible journey together! 🚀

Crypto VIP Signal

05 Apr 2024 15:35

Educational Post

What Are Decentralized Physical Infrastructure Networks (DePIN)?

DePIN refers to the application of blockchain technology to physical infrastructure and systems. It seeks to leverage blockchain and other technologies to create decentralized networks for tangible infrastructure such as energy grids, supply chains, telecommunications, transportation systems, and more.

How DePIN Works

DePIN involves the decentralization of control of a network using blockchain technology. Typically, it relies on a combination of blockchain technology and the Internet of Things (IoT).

Blockchain serves as a secure and transparent ledger that records transactions and data exchanges within the network. It ensures trust and transparency by providing an immutable record of all transactions. Meanwhile, the IoT consists of interconnected devices that collect and exchange data in real time. In a DePIN system, these devices communicate with each other and with the blockchain database, enabling autonomous and responsive interactions within physical infrastructures.

DePINs utilize blockchain to distribute authority across networks, and it can be applied to various fields, including energy, supply chains, telecommunications, data storage, transportation, and real estate.

In energy, for instance, decentralized grids can enable peer-to-peer energy trading, with all interactions recorded transparently on the blockchain. Smart contracts can automate transactions, promoting efficiency and renewable energy use. In some cases, users may also receive cryptocurrency rewards as incentives to encourage participation and growth.

Crypto VIP Signal

05 Apr 2024 08:56

Bitcoin kissed the resistance and liquidated overleveraged short positions. The price rejected from the resistance area is now back in the trading range. Expecting the same sideways movement over the weekend.

Crypto VIP Signal

04 Apr 2024 17:46

Dear valued members,

We're thrilled to share some exciting news with you all. We're excited to announce that our services are available completely free of charge. Unlike others, we don't have VIP or Premium membership. Our longstanding presence in the crypto space has allowed us to earn recognition for the significant value we bring to the table., and we're thrilled to continue doing so. Thank you for your unwavering support, and we look forward to continuing this incredible journey together! 🚀

Crypto VIP Signal

04 Apr 2024 16:39

Educational Post

What Are Bitcoin Stamps?

Bitcoin Stamps represent a method for integrating digital art within the Bitcoin blockchain. They encode data within unspent transaction outputs (UTXOs), ensuring its immutability by permanently including it in the blockchain.

How Bitcoin Stamps Work?

A Bitcoin Stamp is created by turning a piece of digital art into a base64 string. The string is added to a Bitcoin transaction, marked with a "STAMP:" prefix. This data is spread out over several outputs using multi-signature transactions. This approach ensures that digital artwork will be permanently recorded on the Bitcoin blockchain.

Each Bitcoin Stamp gets a special number that's based on when the transaction happened, making it easier to keep them in order. For a Stamp to be officially recognized, it must meet certain rules, like being part of the first transaction that includes a valid "STAMP:base64" string.

Bitcoin Stamps Protocols

There are two main protocols used in Bitcoin Stamps: SRC-20 and SRC-721.

1. SRC-20. The SRC-20 token standard is built on the open Counterparty protocol. It embeds arbitrary data within spendable data transactions – unlike Ordinals, which places data in the witness section.

2. SRC-721. The SRC-721 standard makes it cheaper to create detailed NFTs. It uses the Bitcoin STAMPS protocol to store pictures in layers, cutting down on file size with methods such as indexed color palettes for each layer. The layers can be pulled together into a single NFT, allowing for the creation of high-quality images without incurring high costs.

Crypto VIP Signal

04 Apr 2024 11:42

11 reasons to only follow Crypto VIP Signal -

1. Followed by top guns of crypto including CZ, KuCoin CEO on Twitter

2. Top cryptocurrency media houses talk about Crypto VIP Signal -

Yahoo Finance , Daily  Coin
coingape , Binance feed ,  bitcoinik ,bitcoinleef , dailycoin

3. Top trending on Binance Feed - link

4. Top trending on Google search.

5. Regular AMAs with top Binance listed projects

6. Daily Bitcoin and crypto market updates

7. Regularly educational PDFs, On-Chain data analysis, trading  guides created by our experienced team which is just exclusive for our community.

8. Daily analysis of community voted coin

9. Signal accuracy of nearly 95% on spot and future calls

10. Regular giveaways for community

11. Regular updates about the newest trend in crypto market

Unmute and Pin our channel on top to get an edge over entire crypto community 😊

Crypto VIP Signal

04 Apr 2024 09:54

Introducing Saga (SAGA) on Binance Launchpool! Farm SAGA by Staking BNB and FDUSD
https://www.binance.com/en/support/announcement/22674210af2b4d35b7ddc62c243d66fa

Crypto VIP Signal

03 Apr 2024 21:12

RARE analysis:

Price is now heading towards the support area. Wait for a test of the support area for opening new long positions.

Support Area: $0.148-$0.153

Resistance Area: $0.206-$0.218

Crypto VIP Signal

03 Apr 2024 12:09

SOL analysis:

A triangle pattern has formed on lower time frames and the price is currently respecting the support and resistance lines. The direction of the next move will be determined by the break of this triangle pattern. Therefore, it is recommended to keep an eye on the chart and wait for a break in either direction.

Support Area: $165-$170

Resistance Area: $195-$200

Crypto VIP Signal

07 Apr 2024 15:12

According to on-chain data from GlassNode, around 1.876 million Bitcoin, equivalent to 9.5% of the total supply, have been acquired at prices exceeding $60,000.

Crypto VIP Signal

07 Apr 2024 10:17

MATIC analysis:

The price has broken below a support level and is now retesting it. If it fails to reclaim the level, we may see a drop towards a major support area. Keep an eye on the market and wait for new entry opportunities.

Major Support Area: $0.72-$0.75

Resistance Area: $0.91-$0.95

Crypto VIP Signal

07 Apr 2024 07:28

Bitcoin is currently testing the $69,000-$70,000 resistance area once again. We will have to wait and see if it can break above $70,000 or not. If it fails to do so, it may fall back towards the support area.

Crypto VIP Signal

06 Apr 2024 20:18

🚨 Beware of scam links! 🚨

We've received reports of users losing funds after clicking on unwanted links. Scammers are taking advantage of new features to exploit unsuspecting individuals.

At Crypto VIP Signal, we prioritize your safety. We never promote malicious websites links or request funds. However, please note that we are not accountable for the ads displayed on our channel.

Your security is paramount. Always double-check links before clicking. Stay vigilant and safeguard your assets at all costs. Stay Safe 😊

Crypto VIP Signal

06 Apr 2024 14:01

As expected, DOGE broke the falling wedge pattern in an upward direction. If you have opened long positions, increase your stop loss and hold the trade. The resistance levels remain unchanged.

Crypto VIP Signal

06 Apr 2024 07:22

Bitcoin again going sideways and continues to trade in the range. Nothing has changed in the market and price will continue to move sideways. Keep an eye on the support and resistance area.

Crypto VIP Signal

05 Apr 2024 19:59

WLD analysis:

The price of WLD is currently in a downtrend after reaching its all-time high. We may witness a test of the support area before the next upward trend, thus making the support zone a good area for accumulation. You can place your buy orders near the support area and wait for the next leg to begin.

Support Area: $5.60-$6.15

Resistance Area: $7.15-$7.40

Crypto VIP Signal

05 Apr 2024 12:24

BNB analysis:

Price is currently consolidating in a triangle pattern, approaching a key decision zone. The breakout from the triangle will determine the next price movement. The support and resistance levels are mentioned.

Support Area: $495-$515

Resistance Area: $630-$645

Crypto VIP Signal

04 Apr 2024 20:56

CHZ analysis:

Price is currently trading within a range defined by support and resistance levels. As there is no clear setup for new positions, it may be better to wait until either the resistance level is broken or the support level is tested.

Support Area: $0.110-$0.114

Resistance Area: $0.161-$0.170

Crypto VIP Signal

04 Apr 2024 17:08

Bitcoin accumulation among the 'Shark' group is at its highest in a decade. Plus, there's a notable rise in addresses holding 100 to 1000 BTC. This shows the accumulation is high even at these levels.

Crypto VIP Signal

04 Apr 2024 14:53

The TOTAL marketcap of the crypto market currently trading within a triangle pattern, with the price showing respect to both the support and resistance lines. The market will likely continue to move sideways within the triangle for the next few days. The direction of the next move will be determined by a break of the triangle pattern.

Major Support Area: $2 Trillion

Resistance Area: $2.60-$2.70 Trillion

Crypto VIP Signal

04 Apr 2024 11:09

If you didn't get a chance to invest in DOGE earlier, you can consider opening a small long position now with a tight stop loss. There seems to be a small falling wedge pattern on lower time frames, which is generally a bullish pattern and tends to break in the upward direction. However, the resistance level remains the same.

Crypto VIP Signal

04 Apr 2024 07:22

Bitcoin is currently holding steady around the support area, in line with expectations. This sideways movement may persist over the weekend, with potential action picking up next week. As the BTC halving approaches, historical trends indicate possible dumps leading up to the event. It's advisable to employ tight stop-loss orders for all open positions to manage risk effectively during this period of uncertainty.

Crypto VIP Signal

03 Apr 2024 13:53

LTC analysis:

The price is approaching the support area. Consider opening a small long position near support with a tight stop loss. Although old coins aren't experiencing significant price increases like new coins, proper risk management is advised

Support Area: 92.80-$94.50

Resistance Area: 109-113

Crypto VIP Signal

03 Apr 2024 07:32

Bitcoin experienced a rebound after testing the support area of $64,000-$65,000. As of now, we may observe some sideways movement between the support and resistance area. If the price falls below the support area of $64,000, it is likely to push towards the support area of $59,000-$60,000. The resistance area is between $69,000-$70,000.