Crypto VIP Signal

12 Jan 2024 05:53

Bitcoin is currently encountering a lot of selling pressure above the $48,000 mark. The price experienced a sudden drop from there. However, it is still holding above the $45,000 support level. On the other hand, Altcoins are performing well with good upward movement and volume. This trend may continue if Bitcoin remains stable above the $45,000 level.

Crypto VIP Signal

11 Jan 2024 08:17

Bitcoin's Spot ETFs have been approved, resulting in the price reaching the $45,000 level. It seems that the increase in Bitcoin's value has stopped, and we are now seeing a shift towards altcoins. I anticipate that Bitcoin will remain stable above $45,000 this week. The trading of Bitcoin ETFs will commence from today.

Crypto VIP Signal

10 Jan 2024 15:20

Educational Post:

What Is an API Key? 

An API key is used to control and track who is using an API and how they’re using it. The term “API key” can mean different things for different systems. Some systems have a single code but others can have multiple codes for a single “API key”.   

As such, an “API key” is a unique code or a set of unique codes used by an API to authenticate and authorize the calling user or application. Some codes are used for authentication and some are used for creating cryptographic signatures to prove the legitimacy of a request. 

These authentication codes are commonly referred to collectively as an “API key”, while the codes used for cryptographic signatures go by various names, such as “secret key”, “public key”, or “private key”. Authentication entails identifying the entities involved and confirming they are who they say they are.

Are API Keys Secure? 

The responsibility of an API key rests with the user. API keys are similar to passwords and need to be treated with the same care. Sharing an API key is similar to sharing a password and as such, should not be done as doing so would put the user’s account at risk. 

API keys are commonly targeted in cyberattacks because they can be used to perform powerful operations on systems, such as requesting personal information or executing financial transactions. In fact, there have been cases of crawlers successfully attacking online code databases to steal  API keys.
The consequences of API key theft can be drastic and lead to significant financial loss.

Furthermore, as some API keys don’t expire, they can be used indefinitely by attackers once stolen, until the keys themselves are revoked.

Crypto VIP Signal

10 Jan 2024 08:29

UNI made a clean close below candle and made a retest back inside that. Price made a quick drop and made a low of $5.66, which is 21.5% in profits. Secure some right here and hodl the retest with breakeven stops. Potentially we can move towards the next support area of $4.70 - $4.95, and further setups can be taken along.

Crypto VIP Signal

09 Jan 2024 10:38

XTZ bounced from the support area as expected. If you have opened long positions, then increase your stop loss to the break-even point and hold. We will see good upward movement if Bitcoin stabilizes above the $46,000 level.

Crypto VIP Signal

08 Jan 2024 07:01

Bitcoin has been struggling to surpass the resistance area, and it has been rejected from there once again. Meanwhile, altcoins are hitting hard because the spot BTC ETF decision is on 10th January and we may see high volatility in Bitcoin the same day. Keep tight stop loss in open positions.

Crypto VIP Signal

07 Jan 2024 10:25

The TOTAL2 (altcoin marketcap) could not sustain its position above the resistance area and was rejected from there. As a result, the price has dropped down to the support area. Fortunately, it holds the support level, which is a good sign. We may witness a period of horizontal trading between the support and resistance levels.

Crypto VIP Signal

06 Jan 2024 07:58

Bitcoin attempted to break through the resistance area but failed and was dumped. Altcoins are also experiencing a sharp drop, indicating that traders are moving towards BTC. We may see quick movements in either direction in the coming days.

Crypto VIP Signal

04 Jan 2024 14:09

Educational Post

What is Swing trading?

Swing trading is a type of longer-term trading strategy that involves holding positions for longer than a day but typically not longer than a few weeks or a month. In some ways, swing trading sits in the middle between day trading and trend trading.

Swing traders generally try to take advantage of waves of volatility that take several days or weeks to play out. Swing traders may use a combination of technical and fundamental factors to formulate their trade ideas. Naturally, fundamental changes may take a longer time to play out, and this is where fundamental analysis comes into play. Even so, chart patterns and technical indicators can also play a major part in a swing trading strategy.

Swing trading might be the most convenient active trading strategy for beginners. A significant benefit of swing trading over day trading is that swing trades take longer to play out. Still, they’re short enough so that it’s not too hard to keep track of the trade.

This allows traders more time to consider their decisions. In most cases, they have enough time to react to how the trade is unfolding. With swing trading, decisions can be made with less haste and more rationality. On the other hand, day trading often demands fast decisions and speedy execution, which isn’t ideal for a beginner.

Crypto VIP Signal

04 Jan 2024 06:02

Bitcoin dumped hard and took the liquidity. Price dumped because there are rumours that the SEC will postpone the spot ETF decision. Price is again heading towards the resistance area. Keep tight stop loss in all open trades.

Crypto VIP Signal

02 Jan 2024 20:16

TWT analysis:

Price is currently trading at a resistance area. A break above this level would push the price towards the next resistance area. If the price is rejected here, we anticipate a move towards the support area.

Support Area: $0.95-$1.00

Resistance Area: $1.46-$1.48

Crypto VIP Signal

02 Jan 2024 07:20

Bitcoin has broken through the resistance area as traders anticipate the approval of a spot ETF. The Securities and Exchange Commission (SEC) is expected to make a decision on the spot ETF by tomorrow evening. If the ETF is postponed again, we may see a quick sell-off in the market, so it is advisable to use tight stop losses in all trades.

Crypto VIP Signal

01 Jan 2024 14:50

ICP has risen sharply towards the $15 resistance level as we anticipated after the recent retest. Our long positions have reached a peak profit of 68% since our entry. It is recommended to book some profit at this point and keep the rest with a trailing stop loss. We may see another test of the $15 resistance level. It's advisable not to open any new long positions at this moment.

Crypto VIP Signal

01 Jan 2024 07:04

Bitcoin is currently struggling to maintain its trendline with little strength. As we begin the new year, it will be interesting to observe how the crypto market behaves. We may see an increase in trading volume starting tomorrow as traders return from their holiday break. If you have open long positions, it is strongly recommended to use a tight stop loss.

Crypto VIP Signal

31 Dec 2023 14:26

Educational Post

What is Day trading?

Day trading might be the most well-known active trading strategy. It’s a common misconception to think that all active traders are by definition day traders, but that isn’t true.

Day trading involves entering and exiting positions on the same day. As such, day traders aim to capitalize on intraday price movements, i.e., price moves that happen within one trading day.

The term “day trading” stems from the traditional markets, where trading is open only during specific hours of the day. So, in those markets, day traders never stay in positions overnight, when trading is halted.

Most digital currency trading platforms are open 24 hours a day, 365 days a year. So, day trading is used in a slightly different context when it comes to the crypto markets. It typically refers to a short-term trading style, where traders enter and exit positions in a timespan of 24 hours or less.

Day traders will typically use price action and technical analysis to formulate trade ideas. Besides, they may employ many other techniques to find inefficiencies in the market.

Day trading cryptocurrency can be highly profitable for some, but it’s often quite stressful, demanding, and may involve high risk. As such, day trading is recommended for more advanced traders.

Crypto VIP Signal

11 Jan 2024 19:27

SFP analysis:

Price is attempting to break through the resistance level. A candle close above this level would indicate a bullish trend and could result in a significant upward movement. Wait for the breakout and confirmation before making new entries.

Resistance Area: $0.73-$0.75

Next Resistance Area: $0.83-$0.86

Crypto VIP Signal

10 Jan 2024 18:38

ASTR analysis:

Price is currently trading within a large symmetric triangle. A test of the support trendline may occur before the next move. Wait for some time for new entries.

Support Area: $0.120-$122

Resistance Area: $0.135-$0.139

Crypto VIP Signal

10 Jan 2024 11:16

Twitter confirmed that the SEC account was compromised. Bitcoin is holding above the $45,000 even after the bad news. Investors have good faith that ETF will approve very soon and this is holding the price.

Crypto VIP Signal

10 Jan 2024 06:17

Bitcoin faced heavy selling near the major resistance area of $48,000 and was rejected from there. The price dropped around $3,500 in just 15 minutes after a fake tweet from the SEC about the approval of ETF. The good news is that the price is once again trading above the $45,000 level. However, if the SEC postpones the BTC ETF, then we may see more selling in the market. It's better to use tight stop-loss in all open positions to minimize losses.

Support Area: $43,000-$44,000

Resistance Area: $48,000-$49,000

Crypto VIP Signal

08 Jan 2024 10:35

ZIL has broken below its support level and the daily candle has closed below it. You may consider taking a small short position if the price retraces and retests the resistance level. The market structure that was previously bullish has now been broken, and we may see a test of the support area.

Local Support Area: $0.0193-$0.0195

Major Support Area: $0.0152-$0.0158

Resistance Area: $0.0217-$0.0223

Crypto VIP Signal

07 Jan 2024 19:48

MINA analysis:

The price broke the support area and now trading below the support area. We may see a test of the lower support area and swing between the support and resistance levels.

Support Area: $0.98-$1.00

Resistance Area: $1.16-$1.23

Crypto VIP Signal

07 Jan 2024 05:57

Bitcoin is currently trading sideways, with the price hovering near a key resistance area. It is important to be prepared for a potentially significant move in either direction. The critical levels to watch are $40,000 and $45,000, and it is recommended to maintain tight stop-losses on all open positions.

Crypto VIP Signal

04 Jan 2024 18:16

ONE analysis:

The price has recently broken below a support area, but it is now attempting to reclaim it. If the daily candle closes below the support level, it may indicate further drops in the market. It is advisable to avoid opening any long positions at this time and wait for some time instead.

Support Area: $0.0183-$0.0188

Crypto VIP Signal

04 Jan 2024 09:21

ETH is unable to break above the $2500 level. Price drops from there and goes below the support level to hunt stop losses. The good thing is that the price does not give a candle close below the uptrend line. A candle close below the uptrend line is bearish and dumps the price again towards the support level.

Crypto VIP Signal

03 Jan 2024 09:59

MAGIC again bounced from the support area. Hoping you have opened long positions again. The long position is in more than 18% profit. Our analysis team's setup has given us two times the profit. This is the power of our analysis team. Increase your stop loss and hold the long position with tight stop loss. Pin our channel on top to never miss a signal.

Crypto VIP Signal

02 Jan 2024 11:59

The TOTAL2 (altcoin marketcap) is now breaking out the resistance area. A break and close above this level is bullish for altcoins. We may see a move toward the next resistance area.

Next Resistance Area: $920-$960 Billion

Crypto VIP Signal

01 Jan 2024 19:15

UNI analysis:

Currently, the price is attempting to break and maintain a hold above the resistance area. If the price manages to stay above this resistance level, then we can expect a significant upward trend towards the $9.50-$10 resistance level. A rejection from here will send the price back to the support area. Wait for some time to open new positions.

Crypto VIP Signal

01 Jan 2024 11:20

ETC upward movement continues, and the long position has generated over 28% profit. It may be advisable to book partial profit at this point and hold onto the remainder with a tight stop loss. The major resistance lies at the $25 level, and the price will need to break through this level to sustain the rally.

Crypto VIP Signal

31 Dec 2023 19:47

DUSK Analysis :

DUSK rejected strongly from the Major Resistance $0.211 - $0.216 and hovering over the Strong Support Area of $0.182 - $0.185. Price formed the trading range and a clean tradable range, to take the trading setups buys towards the resistance zone of $0.211.

Crypto VIP Signal

31 Dec 2023 06:58

Bitcoin is currently attempting to regain the trendline level, but it's facing some difficulties. We need to wait and observe whether the price can maintain itself above the trendline with good volume. As expected, there hasn't been much movement in the market. However, we might witness some volatility from Tuesday or Wednesday onwards.