The current BTC price is the average purchase price of the Spot Bitcoin ETF buyers, ~$57K to ~$58K
Читать полностью…Friendly Advice To All My Brothers:
Do not let yourself get shaken out just before we run it back to ath'sЧитать полностью…
Since Jan 2023, prices have increased hard every time Bitcoin has 22% correction done.
23% correction already at this point, so what's next?
Many believe we will get another one, but honestly I think that was it.
https://www.tradingview.com/x/C70LwXSK/
Crypto market is seen as boring during summer, but it’s my case for study, and learn.
🔹Here are the advises to be successful in this crypto bull market:
Stay updated on narratives/trends and try to participate them in early stage ➜ Prioritize solid tokens during the bull run ➜ Build long term bag
— Avoid over-leveraged in any market conditions
— Do not catch knives in a market bound between support and resistance, displaying no discernible trend
— Remember to take profit along the way. A well-balanced take profit strategy is an integral component of a successful trading plan that focuses on sustainable gains
Earning money is good but preserve what's earned is more important!
Читать полностью…
Wait for alts to look better as volume is looking very weak I know is boring but that’s how the market is.
Stay tuned and ready for moves!
#Bitcoin dominance testing support level.
Please be advised that it usually takes risk during bored market. De-risk is recommended at this point.
https://www.tradingview.com/x/LoRI7prV
If we compare the Bitcoin ATH break in prior cycles, it could be argued that current Euphoria phase (market in price discovery) is still relatively young.
Previous Euphoria phases have seen numerous price drawdowns exceeding -10%, with the majority being much deeper, with 25%+ being commonplace. The current market has seen just two ~10%+ corrections since the ATH was broken.
These levels for spot buyers.
Study Bitcoin dominance.
https://www.tradingview.com/x/rkb2AgaU/
Tether's latest attestation for Q1 2024 shows they hold $5.37 billion in #Bitcoin as reserves
Читать полностью…Bitcoin dominance bouncing from support. The reason behind alts bleeding.
https://www.tradingview.com/x/bJIeTVxF/
While the U.S. consistently accounts for the lion’s share of stablecoin purchases, global demand is increasing, with a diverse representation of nations and regions contributing to over $40 billion in purchases in March 2024 alone.
Читать полностью…Among offshore markets Binance’s BTC market share currently stands at approximately 55%, down from over 80% a year ago.
Bybit saw the strongest increase in market share this year, growing from 2% to 9.3%. OKX’s market share also jumped to 7.3% from 3% a year ago.
The supply of stablecoins rose more than 14% in the first quarter as market participants continued to increase their usage.
Читать полностью…Sorry for the lack of updates, I was sick these past few days, took rest and didn't have time to look at charts properly.
Back to work soon!
If you faded $NOT do not fade $TIGER
The first meme token on TON with a utility.
It's free money, just stepped into.
/channel/tiger_drop_bot?start=r5455975917