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.

Crypto VIP Signal

22 Jun 2024 10:13

MATIC tested the higher time frame support zone and extracted liquidity from there. If the price drops again to the higher time frame support zone, consider acquiring some MATIC for the long term.

Major Support Area: $0.50-$0.532

Crypto VIP Signal

21 Jun 2024 20:34

KLAY analysis:

Price is trading near the support area, indicating potential for sideways movement. Placing buy orders in the support area and waiting is advisable.

Support Area: $0.15-$0.155

Resistance Area: $0.192-$0.203

Crypto VIP Signal

21 Jun 2024 15:28

Since the launch of Bitcoin spot ETFs six months ago, the crypto market has experienced significant growth. Futures, options, and exchange volumes have all surged by approximately 80% on a 6-month moving average. 📈✨

The introduction of these ETFs has undeniably fueled increased trading activity and market engagement.

Crypto VIP Signal

21 Jun 2024 11:54

ETH attempted to break above the resistance area but was rejected. Another resistance area test is possible, and we will observe how the price reacts.

Support Area: $3300-$3360

Resistance Area: $3640-$3700

Crypto VIP Signal

20 Jun 2024 20:33

HBAR analysis:

Price broke below the major support area and is now slowly declining. A test of the lower support area may be imminent, presenting a zone for new entries. It's advisable to wait for some time before making new entries.

Support Area: $0.0667-$0.070

Resistance Area: $0.0937-$0.101

Crypto VIP Signal

20 Jun 2024 14:31

MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per Bitcoin. As of 6/20/24, $MSTR hodls 226,331 BTC acquired for ~$8.33B at average price of $36,798 per bitcoin.

Crypto VIP Signal

20 Jun 2024 11:48

VANRY bounced from the support area as expected. If you have opened a long position, increase your stop loss to the breakeven point. The support and resistance levels remain the same.

Crypto VIP Signal

19 Jun 2024 21:08

CAKE analysis:

The price has broken through a significant support area and is currently testing it again. If the price is unable to reclaim this level, we may see a move towards the next support area. It's advisable to wait for some time if you are planning to open new long positions.

Support Area: $1.76-$1.94

Resistance Area: $2.37-$2.54

Crypto VIP Signal

19 Jun 2024 14:11

After the Bitcoin halving in 2020 After the 2020 Bitcoin halving, the price of BTC remained stagnant for 150 days, ranging between $9,000 and $11,000. Currently, 60 days after the halving, many people are feeling deeply pessimistic about the price movement.

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

22 Jun 2024 14:34

LTC analysis:

Price is currently attempting to hold the support area. LTC must close the daily candle above the support area, or we may witness a heavy sell-off. You can consider opening a small long position at the support area with a tight stop loss below the $70 level.

Support Area: $73-$75

Resistance Area: $82-$83.5

Crypto VIP Signal

22 Jun 2024 08:42

Bitcoin has broken below the support level and is currently retesting it. The price needs to reclaim the $65,000 level to gain some strength. There may be some sideways movement over the weekend.

Crypto VIP Signal

21 Jun 2024 16:32

Educational Post

What Is a Hard Landing?

In economic terms, a hard landing refers to a situation where an economy rapidly transitions from growth to slow growth or recession. Unlike a soft landing, where the economy moderates and gradually slows down, a hard landing is a sharper, more abrupt change that can cause widespread economic challenges.

Imagine an aircraft descending too quickly and hitting the runway with a jolt - this aptly represents a hard landing scenario in the economy. Much like the passengers in that plane feeling discomfort, the citizens in a country facing a hard landing also experience upheaval as they endure declining markets and potential job losses.

Why Is a Hard Landing Concerning?

Hard landings are cause for concern due to the sharp changes it brings to an economy. Businesses may close, unemployment can rise, and investment can sharply decrease due to the economic contraction. Left uncontrolled, a hard landing can result in a severe recession or even a depression, causing prolonged periods of economic distress.

The Role of Central Banks in Managing a Landing

Central banks play an instrumental role in navigating an economy heading for a hard landing. During economic boom cycles, central banks ideally aim to steer towards a soft landing by controlling inflation. However, if they mishandle the process by raising interest rates too high or too quickly, the economy could swing rapidly into a state of contraction, hitting a hard landing.

The Difficulty in Avoiding Hard Landings

Avoiding a hard landing is no easy task, as it involves the careful interplay of various macroeconomic factors and sound policy-making decisions. Rise and fall are parts of every economy's life cycle. Yet, successful moderation of these cycles to prevent hard landings often requires a timely response, accurate predictions, and appropriate policy interventions.

Crypto VIP Signal

21 Jun 2024 13:41

SOL breaks the triangle in the downward direction and continues the downtrend. The price is testing the support area and needs to hold this level.

Support Area: $125-$130

Crypto VIP Signal

21 Jun 2024 07:24

Bitcoin is currently testing a key support area and it needs to hold this level. If the support is broken, it may lead to further selling in the market, potentially pushing the price down towards the $60,000 level. It is advised to maintain tight stop-loss orders in all open positions.

Crypto VIP Signal

20 Jun 2024 15:52

NEO dropped to the support area and immediately bounced back up. If you purchased NEO at the support area, raising your stop loss and maintaining the trade is advisable. We might witness a test of the resistance area in the upcoming days.

Crypto VIP Signal

20 Jun 2024 14:20

Boost & get surprise Gift 🎁

/channel/boost/CryptoVIPsignalTA

Crypto VIP Signal

20 Jun 2024 09:32

Bitcoin is holding strong at the support area and has bounced back. This is a promising sign, and we could see a move towards the $67,000 mark soon.

Crypto VIP Signal

19 Jun 2024 15:47

There is very low liquidity on the downside and major of the liquidity is sitting around $70,000 level.

Crypto VIP Signal

19 Jun 2024 10:45

As expected, CKB has dropped to the support area and bounced from there. If you have opened a long position at the support area, you should increase your stop loss to breakeven and hold. We may see a bounce from here towards the resistance area.