Crypto VIP Signal

05 Sep 2024 16:12

The long-term holder (LTH) vs. short-term holder (STH) supply ratio is a key metric for investors. If you're a long-term investor, it's typically wise to follow the actions of LTHs, as they are less influenced by short-term market fluctuations.

Crypto VIP Signal

05 Sep 2024 12:38

DOGE analysis:

The price is currently trading within a falling wedge pattern and is approaching a crucial point. A breakout to the upside is considered bullish and is likely to initiate a strong rally. You may consider opening a long position near the support area or after breaking the falling wedge pattern to the upside.

Support Area: $0.0935-$0.0955

Resistance Area: $0.11-$0.115

Crypto VIP Signal

04 Sep 2024 20:09

THETA analysis:

Price has broken the falling wedge pattern and is currently testing the support area. Consider opening a long position around the support area with a stop loss. There is potential for a continuation of the upward movement.

Support Area: $1.05-$1.15

Resistance Area: $1.34-$1.45

Crypto VIP Signal

04 Sep 2024 13:31

TON analysis:

The price is currently in a downtrend following the arrest of Telegram CEO Durov in France. It is now testing the support zone and the price needs to hold this level. You could consider accumulating some TON here with a stop loss. If the price breaks below this support area, it could potentially drop to below $3.50.

Support Area: $4.50-$4.70

Resistance Area: $6.00-$6.25

Crypto VIP Signal

03 Sep 2024 20:26

ELF analysis:

Price is gradually approaching the support area. Consider opening a long position near the support area. There is a downtrend line acting as a resistance area, and a breakout above this line will likely result in a strong upward rally.

Support Area: $0.324-$0.337

Resistance Area: $0.48-$0.52

Crypto VIP Signal

03 Sep 2024 09:08

Bitcoin has rebounded after testing the support line. The price was able to break out of the falling wedge pattern in an upward direction but was rejected near the key level of $60,000. A falling wedge is considered a bullish pattern, and we might see another test of the $60,000 resistance level.

Crypto VIP Signal

02 Sep 2024 19:58

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

02 Sep 2024 18:59

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Crypto VIP Signal

02 Sep 2024 13:08

SOL tapped into the support area and bounced from there. Hopefully, you have purchased some SOL. You can still place your orders in the support zone and wait. We may see a bounce from here towards the resistance area. The support and resistance levels remain unchanged.

Crypto VIP Signal

01 Sep 2024 20:57

IDEX analysis :

IDEX have a fakeout of the major resistance area and dropping lower towards the next major support zone, IDEX looks strong enough for trading this range, buy position can be opened at support.

Major Resistance : $0.046 - $0.048

Major Support : $0.034 - $0.036

Crypto VIP Signal

01 Sep 2024 15:01

The current #Bitcoin price action is a classic end-of-Blue-Year scenario—boring, yet crucial preparation for the explosive Red Year, the year of all-time highs. It’s like we’re back in August 2012, 2016, and 2020, gearing up for the next big wave.

Crypto VIP Signal

01 Sep 2024 07:39

Bitcoin is currently forming a falling wedge pattern on lower time frames. The falling wedge is considered a bullish pattern that typically breaks upward. We might anticipate the continuation of sideways movement for the next 2-3 days before a significant breakout.

Crypto VIP Signal

31 Aug 2024 13:57

The pace of net capital inflow into Bitcoin has decelerated, highlighting a delicate balance between profit-taking and losses among investors. Historically, these periods of reduced activity often set the stage for major spikes in market volatility, suggesting that significant price movements may be on the horizon.

Crypto VIP Signal

31 Aug 2024 07:36

Price is currently trading in a sideways pattern, and this movement may continue over the weekend. There have been no significant changes in Bitcoin, and a clear direction has not yet emerged.

Crypto VIP Signal

30 Aug 2024 16:22

For the first time in a year, the 90-day change in stablecoin supply has turned positive, showing a rising trend in correlation with BTC, according to Glassnode.

Crypto VIP Signal

05 Sep 2024 15:08

Educational Post

What is Fungibility?

An asset is considered fungible when its units are interchangeable with one another, meaning they are indistinguishable. In other words, an asset class is fungible when each unit of the asset has the same validity and market value. For example, a pound of pure gold is equal to any other pound of pure gold, regardless of the shape. Other examples of fungible asset classes may include commodities, fiat currencies, bonds, precious metals, and cryptocurrencies.

However, an equal exchange of a fungible asset does not necessarily mean exchanging of two identical units. As long as the transaction happens between instruments of the same kind and that share the same functionality, it can be considered as an equal exchange. For instance, a five-dollar bill can be exchanged with five one-dollar bills, but they have the same validity. In this example, the US dollar is the fungible asset, while the bills merely represent their underlying value.

In general, most cryptocurrencies are considered fungible assets. For example, we may consider Bitcoin fungible because each unit of BTC is equivalent to any other unit, meaning they have the same quality and functionality. So it doesn’t really matter in which block the coins were issued (mined), all Bitcoin units are part of the same blockchain and have the same functionality. Note that if someone forks the blockchain and create a new Bitcoin, those coins won’t be considered original as they would be part of another network.

It has been pointed out that due to the inherent traceability of BTC and similar cryptocurrencies, some coins might be less desirable than others - especially if they have been previously used in dubious or illicit activities. This means that some merchants or service provides may deny receiving Bitcoins as payments if they believe those particular coins were used by criminals in the past.

Unlike some tend to believe, however, this fact doesn’t remove Bitcoin’s property of fungibility. Traceability and fungibility are two different things and, despite their transactional history, each Bitcoin is still the same in terms of quality, technology, and functionality. Similarly, the US dollar is still a fungible asset, although criminals have been using it for illicit activities for many decades.

Crypto VIP Signal

05 Sep 2024 08:41

Bitcoin experienced a minor price increase to trigger the liquidation of overleveraged positions. The current market is characterized by sideways movement and choppiness, which is likely to continue for the rest of the week.

Crypto VIP Signal

04 Sep 2024 16:17

From a macro perspective, the current spot price of Bitcoin is trading approximately 22% below its all-time high (ATH), a relatively shallow drawdown when compared to historical bull market trends.

Crypto VIP Signal

04 Sep 2024 08:41

Bitcoin is currently struggling to break above the $60,000 level and is heading downward. The price needs to remain above the $55,000 level; otherwise, the situation could deteriorate, potentially leading to a drop towards the $52,000 level. It might be a good time to consider accumulating some Bitcoin (BTC) and other altcoins for the mid-term.

Crypto VIP Signal

03 Sep 2024 13:03

JUST IN: The % of illiquid #Bitcoin supply has just hit a new all-time high!

Nearly 74% of $BTC circulating supply is now classified as illiquid, according to Glassnode data.

The Halving-induced supply shock is intensifying, tightening the squeeze as we approach the next major bull run.

Crypto VIP Signal

03 Sep 2024 05:02

Wallet Maintenance for BNB Smart Chain (BEP20) - 2024-09-05
https://www.binance.com/en/support/announcement/e1cd64521b7340009601cdb5be470677

Crypto VIP Signal

02 Sep 2024 19:29

NMR analysis:

Price is currently trading in a falling wedge pattern and has been rejected from the resistance line. The price is unable to maintain support and is currently moving downwards. This is a no-trade zone, and it's better to wait for new entry opportunities.

Resistance Area: $16.00-$17.50

Crypto VIP Signal

02 Sep 2024 14:28

When comparing monthly price volatility to net liquidation volumes, there's a noticeable correlation between the two. This highlights how market volatility can be intensified by the unwinding of leveraged positions, as traders get caught on the wrong side of sudden market movements.

Crypto VIP Signal

02 Sep 2024 07:49

Bitcoin is testing the falling wedge support line and let's see if the price is able to bounce from here. Let's see how Global markets open today.

Crypto VIP Signal

01 Sep 2024 16:41

Educational Post

What is Breakeven Multiple?

Breakeven Multiple is the value by which the current price of a coin or asset needs to be multiplied by to reach its Breakeven Point (BEP). The Breakeven Point is the initial acquisition cost paid by a trader or investor (including trading fees). Therefore, when the market price of an asset drops below the price paid, the trader would need it to rise again in order to break even, so they can close their positions without gains or losses.

For example, if a trader buys a coin at a market price of $10 per unit, and then it falls to $5, he would need that coin value to double (100% increase) in order to return to its initial purchase price. In this case, the breakeven multiple would be 2.

Sometimes, the Breakeven Multiple may also refer to the multiple by which a cryptocurrency (or any other asset) needs to rise in order to reach its previous All-Time High (ATH). For example, let’s imagine that a cryptocurrency ATH was $1,000, but it is now being traded for $250 (75% drop). In this case, the breakeven multiple is 4 because it needs to experience a 4-fold gain (300% increase) in order to reach its peak price again.

Note that the breakeven multiple is not a percentage, but an absolute number. If we consider the drop percentage of the previous example (75%), the price of that asset would need to increase 300% (4x) to reach $1,000 again.

Crypto VIP Signal

01 Sep 2024 13:48

SOL analysis:

SOL is approaching the major support on the daily timeframe. Consider accumulating some SOL at the support area for the long term. A bounce towards the resistance area may follow.

Major Support Area: $120-$130

Resistance Area: $160-$165

Crypto VIP Signal

31 Aug 2024 20:15

KLAY analysis :

KLAY broke below the key flip area at $0.15 and might reach the major support zone. There's a minor support where price could have a stop and reversal.

Major Support : $0.10 - $0.11

Minor Support : $0.12 - $0.13

Major Resistance : $0.15

Crypto VIP Signal

31 Aug 2024 10:47

LOKA surged towards the resistance area, generating a long position profit of over 40%. It's advisable to secure some profit. Consider opening a long position if the price falls to the support zone.

Support Area: $0.17-$0.18

Resistance Area: $0.24-$0.25

Crypto VIP Signal

30 Aug 2024 20:10

ENA analysis :

ENA moved below the listing price, and moving within the falling wedge pattern. No clear reference to the left and better wait for the further price action to develop. High risk position can be a Double bottom formation.

Crypto VIP Signal

30 Aug 2024 12:19

The TOTAL crypto marketcap is once again testing the support area, but it is currently holding this level. This suggests potential accumulation at the support area before the next move.