Crypto VIP Signal

21 Feb 2024 19:37

ONG analysis:

The price has rebounded from the support region and is currently testing the resistance area. We need to observe if the price can surpass the resistance area or not. We will only consider opening new long positions if the price can break and remain above the resistance area, or if it undergoes a test of the support area.

Support Area: $0.305-$0.312

Resistance Area: $0.345-$0.35

Crypto VIP Signal

21 Feb 2024 12:22

Educational Post

What Are Bitcoin Layer 2?

Bitcoin Layer 2 are protocols built on top of the Bitcoin blockchain. They are typically designed to address performance issues or other limitations of the main chain.

Layer 2 protocols process transactions off the main blockchain, providing advantages such as improved scalability, enhanced programmability, and expanded capabilities to support various decentralized applications.

Why Bitcoin Layer 2?

Bitcoin's initial design as a decentralized and secure payment system faced limitations when it came to scalability. The average block creation time of 10 minutes and a throughput of seven transactions per second (TPS) proved insufficient during periods of high transaction volume, leading to increased fees and delays. 

The Bitcoin blockchain's limited scripting language also restricted its ability to support complex smart contract and decentralized applications (DApps).

Crypto VIP Signal

21 Feb 2024 05:50

Bitcoin faced a considerable amount of selling pressure at the $52,000 level, which ultimately led to a sharp drop. However, the BTC value quickly bounced back from the downturn and is currently trying to break through the $52,000 level once again. Considering the high volatility of Bitcoin, it's advisable to adopt tight stop-loss measures for all open positions as a correction may occur before the next significant movement.

Crypto VIP Signal

20 Feb 2024 15:51

It's evident that Bitcoin is spearheading the current rally, with Ethereum following closely behind. However, other altcoins are lagging behind significantly, showing limited movement thus far. There's a possibility of a shift in capital from Bitcoin and Ethereum into altcoins in the coming weeks, potentially signaling the onset of an altseason.

Crypto VIP Signal

20 Feb 2024 08:17

Bitcoin is still trading around $52,000 and moving sideways. There haven't been any major changes in the market. We'll have to wait and see how it moves this week to determine the next move.

Crypto VIP Signal

19 Feb 2024 14:34

The total volume of Bitcoin's Long-Term Holder (LTH) Supply currently stands at a loss of 777.8k BTC, with this figure decreasing as prices surge. Only 6.5% of the overall LTH supply is currently in the red. Historically, similar scenarios have coincided with early stages of bullish market conditions, with 2019 being a potential exception.

Crypto VIP Signal

19 Feb 2024 07:56

Bitcoin has once again surpassed the $52,000 mark. The market appears to be moving sideways, indicating potential volatility upon the opening of the global market. It's advisable to maintain tight stop-loss measures in all open positions, as significant movement is anticipated in either direction.

Crypto VIP Signal

18 Feb 2024 17:00

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Crypto VIP Signal

18 Feb 2024 15:47

Bitcoin OTC desks are experiencing a depletion of their holdings as demand from various spot ETFs surges, effectively absorbing all current selling pressure.

This trend underscores the growing institutional interest in Bitcoin and its increasing adoption as a mainstream investment vehicle.

Crypto VIP Signal

18 Feb 2024 10:23

ETH is maintaining its upward momentum following the breakout above the resistance line. We anticipate further upward movement towards the psychologically $3000 resistance area. Consider placing buy orders near the support area.

Support Area: $2660-$2700

Crypto VIP Signal

17 Feb 2024 20:42

FARM analysis:

The current price is currently testing a resistance area and attempting to break above it. We'll have to wait and see if the price can break above the resistance area. If a daily candle closes above the resistance area, this will provide confirmation and we can start looking for new entries.

Support Area: $38.40-$39.70

Resistance Area: $44.50-$45.80

Next Resistance: $54.60-$55.50

Crypto VIP Signal

17 Feb 2024 08:51

AAVE has now reached the resistance area, and we will observe how the price reacts in this zone. If the price breaks above the resistance area, this would be a bullish sign and could potentially send the price towards the $115 resistance level. We plan to open a long position after a successful breakout and retest of the resistance area.

Crypto VIP Signal

16 Feb 2024 19:44

DEGO analysis:

DEGO encountered significant selling pressure at the resistance area, resulting in a rejection. Another attempt to surpass the resistance may occur. Currently, it's a no-trade zone; it's advisable to await a breakout or rejection at the resistance area.

Support Area: $2.15-$2.18

Resistance Area: $2.42-$2.45

Crypto VIP Signal

16 Feb 2024 13:21

BICO has broken out of the triangle pattern, suggesting a potential continuation of the upward trend. Consider opening long positions if the price approaches the $0.40 support area, ensuring tight stop-loss measures are in place.

Support Now: $0.395-$0.40

Resistance Area: $0.45-$0.46

Crypto VIP Signal

16 Feb 2024 07:40

Bitcoin is trading sideways around $52,000. The overall market is bullish, and altcoins are showing upward movement. The continuation of the upward movement will depend on whether BTC stabilizes above the $50,000 level.

Crypto VIP Signal

21 Feb 2024 14:57

The liquidation of overleveraged long positions in Bitcoin signals a healthy market reset, restoring balance between buyers and sellers. Now, we await to see if the price will bounce back from this juncture or dip further towards the $50k levels.

Crypto VIP Signal

21 Feb 2024 09:55

DOT recently showed a false break above the resistance area, followed by a sharp decline. There will probably be a test of the nearby support before the next major move takes place. For a bullish outlook, the price needs to break and maintain levels above the resistance barrier.

Local Support Area: $7.25-$7.30

Major Resistance Area: $7.55-$7.90

Crypto VIP Signal

20 Feb 2024 19:17

SC analysis:

Price is currently in an uptrend, showing strong upward momentum. It recently broke through a resistance level and was successfully retested it. This suggests a potential continuation of the upward movement. Consider placing buy orders near the support area with tight stop-loss.

Support Area: $0.01286-$0.0136

Resistance Area: $0.0169-$0.0177

Crypto VIP Signal

20 Feb 2024 12:58

MASK has reached the resistance area, and we're observing its reaction closely. If it's rejected here, the price may retreat to the support area again. We're looking for a clear break and close above the resistance area for potential new entry opportunities.

Crypto VIP Signal

19 Feb 2024 19:55

FLUX analysis:

FLUX has broken the resistance area and is now pumping hard. We may see a test of the support area, which could provide a good zone for new entries. It's important to avoid FOMO and not open new entries now.

Support Area: $0.735-$0.747

Crypto VIP Signal

19 Feb 2024 11:51

The altcoin marketcap (TOAL2) is continuing its upward trajectory following the breakout. In the days ahead, we anticipate a test of the major resistance area. Altcoins are displaying strong upward momentum. It's prudent to employ tight stop-loss strategies for all open positions and consider profit-taking, as there may be a potential rejection from the resistance area.

Crypto VIP Signal

18 Feb 2024 19:54

FTM analysis:

Currently, the price is testing a resistance area. A bullish break above this resistance area could indicate a movement towards the next resistance zone. It is recommended to wait for a breakout and retest before opening new long positions.

Resistance Area: $0.406-$0.426

Next Resistance Area: $0.53-$0.546

Crypto VIP Signal

18 Feb 2024 16:30

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Crypto VIP Signal

18 Feb 2024 12:59

DOGE has approached the resistance area and encountered selling pressure. We may witness another attempt to test the resistance area. We should wait and observe how the price behaves at that level. It's best to wait for a breakout and confirmation before opening new long positions. The support and resistance levels remain unchanged.

Crypto VIP Signal

18 Feb 2024 06:38

Bitcoin has broken the small triangle in a downward direction and is now heading for a retest. We will likely see a move towards the $50,000 level, and it remains to be seen how the price will react there. If the price breaks below the $50,000 level, we may see some selling in the market.

Crypto VIP Signal

17 Feb 2024 11:51

An overwhelming majority of coins (87%) were acquired below the $48k mark, with a notable concentration of Short-Term Holder supply clustered between $40k and $45k.

Interestingly, Long-Term Holders control the remaining 13% of the supply held in a loss, indicative of those who purchased at the peak of the 2021 bull market and all-time high prices.

Crypto VIP Signal

17 Feb 2024 06:14

Bitcoin is currently displaying a pattern similar to what was observed after the market pump. It remains to be seen which direction the small triangle will break, which will determine the next move. As of now, the support level is in the range of $48,000-$50,000. The market is still bullish, as long as BTC remains above this level.

Crypto VIP Signal

16 Feb 2024 15:21

BTC reserves on centralized exchanges have reached a six-year low. The data suggests that investors are moving their BTC from exchanges to their personal wallets.

Crypto VIP Signal

16 Feb 2024 09:55

SHIB is currently testing the resistance area, and its reaction will be crucial. A successful break above this resistance would signal bullish momentum, potentially leading to further upward movement towards the next resistance area. Conversely, a rejection could prompt a downward move towards the support area. It's advisable to wait for a breakout above the resistance area before considering new entries.

Crypto VIP Signal

15 Feb 2024 20:05

OSMO analysis:

The price has cooled off after a recent rally and is now trading within a specific range. It has been rejected from the resistance area, which may lead to a move towards the support area in the coming days. If you are interested in opening long positions, it is recommended to do so near the support area with a tight stop loss.

Support Area: $1.35-$1.43

Resistance Area: $1.68-$1.72