Crypto VIP Signal

18 Apr 2024 15:26

Educational Post

What is Wash Trading?

Simply put, wash trading refers to the practice of buying and selling the same financial instruments to create a false representation of market activity. This seemingly deceptive tactic can have consequences for market integrity and fairness.

In other words, wash trading involves an individual or entity acting as both the buyer and the seller in a trade, creating an illusion of genuine market activity. In most cases, the goal is not to derive profit from the trade itself but to manipulate market perceptions, such as boosting trading volume or influencing price trends. This practice is considered unethical and, in many jurisdictions, illegal.

How Wash Trading Works

In a typical wash trade scenario, an individual or entity places buy and sell orders for the same financial instrument. The intent is to deceive other market participants into believing that there is significant trading activity when, in reality, there is no change in asset ownership. Automated trading algorithms or trading bots can be programmed to carry out wash trades, amplifying the frequency and impact of this activity.

Consequences of Wash Trading

Wash trading can have several negative effects on financial markets. Firstly, it can distort market data by creating artificial trading volumes, making it challenging for traders and investors to accurately assess market conditions. Additionally, it can lead to false signals and misinformed decision-making, as traders may interpret the inflated activity as genuine market interest. This manipulation can undermine the fairness and efficiency of the market, eroding trust among participants.

Crypto VIP Signal

18 Apr 2024 10:24

ALGO is currently testing the support area once again. This is a crucial zone that needs to be held. If you are planning to open a long position at the support area, make sure to use a tight stop loss. We may see some accumulation at the support before the next move.

Major Support Area: $0.1570-$0.1650

Resistance Area: $0.23-$0.24

Crypto VIP Signal

18 Apr 2024 08:13

Good News for Indian Crypto Community

✅ Binance Set to Return to India 🇮🇳, Pays $2 Million Fine.

👉 The Economic Times reports Binance  is reentering India, having agreed to a $2 million fine and full compliance with financial regulations.

Crypto VIP Signal

17 Apr 2024 19:41

CAKE analysis:

Currently, the price is testing the support level. We may see some consolidation near the support level. If you plan to open long positions, make sure to use proper risk management and stop loss.

Support Area: $2.42-$2.70

Resistance Area: $3.61-$3.81

Crypto VIP Signal

17 Apr 2024 07:14

Bitcoin has bounced near the support area again, and we may see a continuation of sideways movement this week. As of now, nothing has changed in the market. We will have to wait and see how the price reacts to the halving event.

Crypto VIP Signal

16 Apr 2024 15:06

We compare spot trade volumes 🟧 with ETF trade volumes 🟦. There's a clear correlation between these markets, with ETFs typically trading at around 30% of the size of global spot markets. Additionally, the impact of seasonality, particularly during weekends when ETF markets are closed, is evident as spot trade volumes noticeably decrease during these times.

Crypto VIP Signal

16 Apr 2024 09:58

DOGE analysis:

Price is currently trading at a support area. Consider opening a long position near this level with a tight stop loss. A candle closing below the support zone would be bearish and could send the price towards the next resistance area.

Support Area: $0.146-$0.151

Next Support Area: $0.122-$0.13

Resistance Area: $0.168-$0.173

Crypto VIP Signal

15 Apr 2024 20:14

ALGO analysis:

Price is currently trading near a significant support level. Consider opening long positions near the support level with a tight stop loss. We may see a rebound from this level.

Major Support Area: $0.1570-$0.1650

Resistance Area: $0.23-$0.24

Crypto VIP Signal

15 Apr 2024 12:02

Countdown Alert! Less than 4 hours until BFLOKI Launches on XT.com! 🌐

• Listing Price: $0.00012🚀

• Check out the full information on XT's official announcement : https://xtsupport.zendesk.com/hc/en-us/articles/31042547390617-XT-COM-Announcement-on-Launching-BFLOKI-bitFloki

• Currently available on Mexc & PancakeSwap

• Mexc buy link: https://www.mexc.com/exchange/BFLOKI_USDT

• PancakeSwap buy link: https://pancakeswap.finance/swap?outputCurrency=0x79CDc9cA057E16dFfd45BD803491f328f49e1762

Crypto VIP Signal

15 Apr 2024 08:43

Exciting News: China Asset Management, Bosera Capital, HashKey Capital Limited, and others have received approval from the Hong Kong Securities and Futures Commission for their Bitcoin and Ethereum spot ETF applications. This milestone enables investors to directly utilize Bitcoin and Ethereum to subscribe for corresponding ETF shares, marking a significant advancement in cryptocurrency accessibility.

Crypto VIP Signal

14 Apr 2024 20:34

ROSE analysis:

The price has experienced a significant drop and has gone below the support area to trigger stop losses. However, the daily candle has now closed above it and the price is currently trading above the support area. The price will likely move sideways for some time before the next major move. In case the price drops again towards the support area, you can consider opening a small long position.

Support Area: $0.079-$0.081

Resistance Area: $0.103-$0.106

Crypto VIP Signal

14 Apr 2024 14:27

The current marketcap of altcoins (TOTAL2) has reached a support level. Although the price has briefly dropped below this level, no candle has closed below it. TOTAL2 must maintain this support level, as failure to do so could result in significant selling pressure on altcoins. To confirm the market's direction, we need to wait for additional candle closes.

Crypto VIP Signal

14 Apr 2024 07:13

Bitcoin experienced a significant drop in price due to the escalating tensions between Iran and Israel. The price tested a critical support level but managed to rebound from there. To preserve its bullish structure, BTC must hold this support level. A break beneath it could result in more market panic. It is recommended to set tight stop-losses on all open positions.

Support Area: $59,000-$60,000

Crypto VIP Signal

13 Apr 2024 18:28

We shared #BFLOKI on rock bottom on Technical and fundamental based and we saw price spiked 3x after our call, With more than 1 million in volume.

Now is another opportunity to buy $BFLOKI in dip. BitFloki team is working on something big as they announced back to back exchange listings. Additional supply burn event and Tier 1 listing in pipeline for $BFLOKI🚀✌️

• XT announcement
• AscendEX announcement
• Tier1 announcement

More importantly the opening price on XT exchange is set $0.00012! 🚀  This means we are getting $BFLOKI at very cheap price, With the current price at $0.00003 and the XT.com official listing price set at 0.00012, there's still a 4x-5x opportunity for early birds! 🚀

MEXC buy link: https://www.mexc.com/exchange/BFLOKI_USDT

PancakeSwap buy link: https://pancakeswap.finance/swap?outputCurrency=0x79CDc9cA057E16dFfd45BD803491f328f49e1762

Crypto VIP Signal

13 Apr 2024 15:48

When analyzing previous #Bitcoin ATH breaks, the current Euphoria phase appears to be in its early stages of price discovery. Previous cycles witnessed significant drawdowns, often exceeding -10%, with many surpassing 25%. Yet, the current market has only experienced two ~10%+ corrections since breaking the ATH.

Crypto VIP Signal

18 Apr 2024 14:08

The altcoin marketcap (TOTAL2) is currently testing a support area and holding above it, indicating potential sideways movement before the next move. We may see some movement in altcoins after BTC halving.

Crypto VIP Signal

18 Apr 2024 08:33

Bitcoin has created a price movement that causes stop losses to be triggered below the support area. Currently, the price is testing the support area, and this level must hold; otherwise, we could see a significant amount of selling in the market. This week is highly important for BTC, as the halving event is nearing, and it is expected to occur within the next 48 hours.

Crypto VIP Signal

17 Apr 2024 20:28

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Crypto VIP Signal

17 Apr 2024 11:52

Altcoins have shown some signs of recovery, while the Bitcoin Dominance has tested a resistance level. This area is currently acting as a support level. We need to wait and see if the Dominance can break below the 55% level, otherwise, we may see another dip in altcoins. It is advised to set a tight stop loss and keep an eye on the Bitcoin Dominance.

Crypto VIP Signal

16 Apr 2024 20:19

ACH analysis:

Price is currently trading within a range between the support and resistance levels. It is advisable to avoid trading until a good setup is formed. A test of the support level may occur, which could lead to new entry opportunities.

Support Area: $0.022-$0.023

Resistance Area: $0.0306-$0.032

Crypto VIP Signal

16 Apr 2024 13:18

BNB experienced a significant drop in value due to the sudden news of war after it had tested the resistance area. However, the price then hit the support area and rebounded from there. If you'd like to invest in BNB, you can place your buy orders in the support area and wait for another drop, which is expected around the time of the Bitcoin halving.

Major Support Area: $495-$510

Crypto VIP Signal

16 Apr 2024 08:14

Bitcoin was not able to sustain its position above the $66,000 level and is now moving towards the support area. It is expected that Bitcoin may trade sideways for this week. The Bitcoin Halving event is scheduled for 20th April, and we may see some selling around that time. Please ensure you maintain a tight stop loss for all your open positions.

Major Support Area: $59,000-$60,000

Resistance Area: $65,000-$66,000

Crypto VIP Signal

15 Apr 2024 14:50

#AscendEX will list $BFLOKI on 17th April, 16:00 UTC.
https://twitter.com/AscendEX_/status/1779813261057351842?t=TcL0uuYfsRSynB2boEQY_g&s=19

BitFloki is unstoppable with back-to-back listings: first #MEXC, then #XT, and now #AscendEX! 🌟 But wait, there's more – a Tier 1 listing is already in the pipeline as per official tweet! Get in while it’s still cheap to accumulate here🚀✌️

•Mexc buy link: https://www.mexc.com/exchange/BFLOKI_USDT

•PancakeSwap buy link: https://pancakeswap.finance/swap?outputCurrency=0x79CDc9cA057E16dFfd45BD803491f328f49e1762

Crypto VIP Signal

15 Apr 2024 11:23

SOL has been following a downward trend as anticipated. The price has dropped more than expected and has reached the support zone of $116-$120. However, there has been a good recovery after the drop. We may see another test of the $133-$140 support area, so it would be advisable to place buy orders in this zone.

Crypto VIP Signal

15 Apr 2024 08:12

Bitcoin is currently testing the resistance zone between $65,000 and $66,000. Despite the impact of recent war-related news, the market has shown resilience, initiating a recovery phase. A breakthrough above $66,000 could signal a move towards the $70,000 level.

Crypto VIP Signal

14 Apr 2024 15:48

Data indicates a market maturation marked by diminishing volatility - a promising development for stakeholders across the board.

Crypto VIP Signal

14 Apr 2024 10:34

Altcoins are dropping hard as Bitcoin Dominance breaks a major resistance level. The Dominance may test this level and see if it breaks below it. We only see an uptrend in altcoins if Dominance breaks below the 55% level.

Crypto VIP Signal

13 Apr 2024 20:29

BOME analysis:

The price has reached a significant support area. We need to observe whether the price can sustain this support level or not. If the price falls below this support level, it will be a bearish signal and the selling trend will continue. You may consider initiating a small long position with a tight stop loss.

Support Area: $0.0087-$0.0097

Resistance Area: $0.012-$0.013

Crypto VIP Signal

13 Apr 2024 17:26

🚨 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

13 Apr 2024 11:04

The TOTAL crypto marketcap is breaking down the triangle pattern. Wait for a daily candle closing for confirmation. This is bearish if the breakdown is confirmed and we may see a move towards the next major support area.

Major Support Area: $2 Trillion