Bitcoin is losing momentum and dumped again. The major resistance is $31,000 and below this point market is choppy. There is not much strength in the market and we may see both pump and dump. Keep tight stop loss in all trades. The weekly candle gives more confirmation of the trend for coming weeks.

Educational Post:

What is Move-to-Earn?

Move-to-Earn is a model that uses a technology that tracks human movement and measures these movements with the help of a sensor, helping users earn money through their daily movements.

The advantage of the Move-to-Earn model over Play-to-Earn is that users do not need to be constantly connected to their phones. Instead, users only need to be physically active for a certain amount of time as certain rewards are earned in exchange for certain times.

STEPN (GMT) has pioneered the move-to-earn concept which is now followed by other games like Dotmoovs (MOOV) and Genopets (GENE) that all revolve around the idea of rewarding or tokenizing physical movements. Some are still in beta version but it’s definitely something to watch out for.

ETH BTC analysis:

ETH BTC pair broke the support of 0.0735-0.074 area and dumped hard from there. The next major support is the 0.0643-0.0652 area. We might see a test of this area before the next move. A break below 0.0643 will send us towards 0.06 support level. The first resistance is 0.07 area.

Bitcoin dominance is forming a rising wedge pattern on an hourly time frame. A rising wedge is a bearish pattern and usually breaks in a downward direction. If Bitcoin dominance break below the 44.50%-44.60% area then we see a good bounce in altcoin. If Bitcoin dominance go above the 45.60% resistance level then we see more blood bath in altcoins. The major resistance for Bitcoin dominance is 48%-49% area.

ICP rejected from the triangle resistance line. ICP now testing the lower support line of $7.80 and a break below this is bearish. Don’t open any position now and wait for break of the triangle. The break of triangle decide the next move.

#GAL Analysis :

#GAL is now forming a descending triangle pattern which is bearish but price is now break the pattern yo the upside. Around, $5.00 will be the support zone but once price break the $6.40 structural high then we gonna looks for buys in retest.

Bitcoin going sideways and there is not much volume. The weekly candle closes today and BTC needs to close the weekly candle above $30,000. There are 8 weekly red candles in a row and this happens the first time in Bitcoin history. Wait for the weekly candle close before taking new entries.

Educational post:

What is a DeFi Flash Loan?

Flash loans are a relatively new form of uncollateralized loans available to traders on some decentralized finance (DeFi) protocols based on a blockchain network (Ethereum).
This type of loan allows traders to borrow unsecured loans from lenders without intermediaries. Flash loans have become popular and advantageous because they give its users the ability to arbitrage and trade in ways that weren't possible before.

What makes Flash Loans unique?

Most of us are familiar with the traditional concept of a loan. A lender loans out money and eventually they get paid back in full with some or no profit. A DeFi Flash Loan transaction is similar but some unique properties make flash loans more attractive to both the borrower and the lender, most notably the use of smart contracts.

#DASH now more likely looks like forming a symmetrical triangle pattern and price is now on its way to break the pattern but it's also possible price will reject. Rejection will lead down price till $54.00 support area.

ORN/BTC
The Orion Protocol was designed to aggregate the liquidity of multiple crypto exchanges into a decentralized platform that provides a singular, non-custodial gateway into the entire digital asset market.

Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊

Targets: 550-700-850-1050

ORN/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊

Targets: $1.65-2.15-2.45-3.15

SL: $1.1

ORN about to make a move 🚀

MATIC analysis:

MATIC is forming an ascending triangle on hourly time frame. Currently MATIC is testing the support trend line and a bounce is expected from here. The major resistance is $0.737-$0.75 area. A break above this is bullish. A break below $0.65 is bearish.

The weekly candle closes above $30,000 and this is not bad. Also BTC break the small trading range. The resistance is $30,500-$31,000 and BTC tested this level multiple times. A break above this will give more strength to bulls. Market will turn bearish again if price drop below $29,000 level.

Educational Post:

Decentralized Finance (DeFi) is an ecosystem of applications built on blockchain to facilitate permissionless financial services. The protocols, smart contracts, dApps, and digital assets built on Blockchain are the components of decentralized finance.

Yield Farming: For a real-life farmer, the yield is the amount of crop produced on a piece of land. While in the crypto industry, yield farming is any effort you put in crypto-assets to work and generate the most returns possible on those assets.
In other words, only investing in Ethereum is not considered as yield farming. When you lend your Ethereum to gain additional returns on the natural growth of ETH, Yield Farming occurs.

FIDA/BTC
Bonfida bridges the gap between Serum, Solana, and the user. It is the flagship Serum GUI and brings Solana Data analytics to the field.

Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊

Targets: 225-270-325-435-545

FIDA/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊

Targets: $0.694-0.8575-1.25-1.55

SL: $0.45

LRC tested the support of $0.445 and bounced from there. LRC is now trying to break the resistance of $0.542 and a candle close above this is bullish. If the price is rejected from there then we see again dump towards the support of the $0.43-$0.445 area. If you opened a long position near $0.445 then increase your stop loss and hold.

ICP broke the triangle in upward direction and slowly gaining momentum. A close above $8.50 area is bullish. The support for now is $8.00 area. Try to grab some ICP near the support level with tight stop loss.

SUSHI analysis:

SUSHI is now trying to break the resistance of $1.66-$1.70 area. If SUSHI rejected from here then we see a test of $1.45-$1.50 area. A break above $1.70 is bullish and we see a move towards $2.00 resistance area. Wait for a breakout or test of support level.

Bitcoin was again rejected from the $30,500-$31,000 resistance area. BTC is now back at the support of the $29,000 level. Still not much movement in the market. The market is hanging between support and resistance and we will see a break of this range by this weekend. Use tight stop loss in all trades.