#BTC continues to dip back to the formed support area of $28748 - $29,450. Price just taps and move showing range will continue to happen. Overall Market is bit ranging, so better stay away from risk entries. Use only confirmation entries.

Educational Post:

What is a liquidity pool?

Liquidity providers (LPs) add funds to liquidity pools. You could think of a liquidity pool as a big pile of funds that traders can trade against. In return for providing liquidity to the protocol, LPs earn fees from the trades that happen in their pool. In the case of Uniswap, LPs deposit an equivalent value of two tokens – for example, 50% ETH and 50% DAI to the ETH/DAI pool.

It’s quite easy to add funds to a liquidity pool. The rewards are determined by the protocol. For example, Uniswap v2 charges traders 0.3% that goes directly to LPs. Other platforms or forks may charge less to attract more liquidity providers to their pool.

#Glassnode Data

The total ETH staked in the Ethereum 2.0 contract continues to climb.

Over 12.764M $ETH has been staked by 398k unique validators. This is 10.73% of the circulating supply.

Since 1-May, 19.8k additional validators have staked, and come online.

TKO/BTC
Tokocrypto was launched in September 2018 and became the first entity registered under Indonesia's Commodities Futures Trading Regulatory Agency (BAPPEBTI) by November of that year.

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: 1525-1800-2200-2650 satoshi

TKO/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: $0.456-0.6755-0.8575-1.015

SL: $0.165

SXP again slowly moving towards the resistance line. A break above this is bullish. The major resistance is the $0.575-$0.585 area. The support is $0.53 level, increase your stop loss to below this support level and hold the long position.

MATIC dumped from there and again started the downfall. There is a falling wedge pattern. The major support is $0.565-$0.578 area and MATIC is now testing the support level. You can add some MATIC in this zone with tight stop loss.

XLM analysis:

XLM is trying to break the major resistance of the $0.15-$0.155 area. The support is $0.133-$0.137 area and we see a retest of this area. You can try to add some XLM near the support area with tight stop loss.

Bitcoin respecting the support level and holding above it. This is good sign, a break below this support is bearish and red flag. Keep tight stop loss in all trades. The first resistance is $30,500-$31,000 area.

Educational Post:

What is a blockchain Layer 1 vs. Layer 2?

The term Layer 1 refers to the base level of a blockchain architecture. It’s the main structure of a blockchain network. Bitcoin, Ethereum, and BNB Chain are examples of Layer 1 blockchains. Layer 2 refers to networks built on top of other blockchains. So if Bitcoin is a Layer 1, the Lightning Network that runs on top of it is an example of a Layer 2. 

Blockchain network scalability improvement can be categorized into Layer 1 and Layer 2 solutions. A Layer 1 solution will change the rules and mechanisms of the original blockchain directly. A Layer 2 solution will use an external, parallel network to facilitate transactions away from the mainchain.

#MATIC looks like it gonna breakout the falling wedge pattern. If you'd added the position at our call then you're very minor profit. We recommend to move Stops yo just below swings as market may reverse anytime.

DOT was rejected from the triangle resistance line and exactly moved as predicted. DOT is now testing the support of a near $9.10 area. You can add some DOT near this level with tight stop loss. The resistance is $9.90-$10.00 area. A break of this triangle will decide the next move.

The TOTAL crypto marketcap is trading in a downtrend channel on a daily time frame. The major support is $1.00-$1.20 trillion area and this is must hold point. A break below $1 trillion is extremely bearish and we see a heavy downfall. A bounce is expected from here. A breakout of the downtrend channel will send us towards the $1.50 trillion resistance area.

KMD/BTC
Komodo is an open-source technology provider that offers all-in-one blockchain solutions for developers and enterprises.

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: 909-1200-1500-1800 satoshi

KMD/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: $0.2728-0.3595-0.4465-0.5215

SL: $0.1812

KMD/BTC breakout symmetrical triangle, retested successfully, Ready to fly 🚀

COTI analysis:

COTI is trading in uptrend channel and respecting the support and resistance level. The support is $0.115 area and major resistance is $0.129-$0.13 area. Try to grab some COTI near support level with tight stop loss.

Today is the Bitcoin weekly candle close. The candle looks like gravestone Doji which is bearish in nature if formed on top, but this candle is formed on a downtrend and we see a more clear picture by next week. BTC is trading in a tight range and we see a breakout very soon. A break and close below $28,000 on a weekly chart is extremely bearish and we suggest you exit all long positions if this happens. Use tight stop loss in all your open trades.

Educational Post:

What is a Bitcoin ETF?

An ETF is an exchange-traded fund, meaning an investment fund that tracks the price of an underlying asset. ETFs exist across many different industries and asset classes. For example, gold ETFs have existed for decades, and they track the price of gold.

A Bitcoin ETF would work the same way – the price of the ETF would follow the price of Bitcoin.
ETFs are regulated financial products – as such, they trade on traditional markets like the NASDAQ or NYSE and not on a cryptocurrency exchange.

This, however, might change in the future as the borders between traditional finance and the cryptocurrency industry continue to blur.

Why is a Bitcoin ETF important?

Well, Bitcoin isn’t the easiest asset to deal with. Custody, for example, can cause some serious headaches for a large institution. After all, Goldman Sachs won’t just plug a hardware wallet into a laptop and YOLO (transfer) $2B of Bitcoin on it. Large financial institutions don’t operate in the same way as individual investors, and they need a complex regulatory framework and financial plumbing to be able to participate in this space.

This is why an ETF can go a long way to bring adoption and expand the potential investor base. It can give price exposure for participants in the traditional markets without them having to worry about all the nitty-gritty of physically owning the coins.

SXP tried to break the resistance level multiple times but was rejected from there. A break above this resistance level sends us towards the $0.65-$0.66 resistance area. Increase your stop loss near the $0.54 area and hold this trade in profit.

#LOKA trending more lower and lower as already said buys doesn't looks good. Price might reach till next support level at $0.90. We gonna look for market sentiment for buys if price reaches there.