#TOTAL MarketCap reached out the major support level at $810B - $843B. Price already took reaction from it multiple times. Overall, index is started ranging over it. Around, $1.08T - $1.19T is the major resistance zone, where Cap can reach. This will lead in short-term bullish rally in altcoins. Breaking below this support will conclude a heavy crash.
DEGO/BTC
Launched in 2020, Dego Finance is a decentralized ecosystem that offers a diverse combination of non-fungible token (NFT) and decentralized finance (DeFi) tools. It is an independent, open NFT ecosystem.
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: 872-1150-1350-1650 satoshi
Launched in 2020, Dego Finance is a decentralized ecosystem that offers a diverse combination of non-fungible token (NFT) and decentralized finance (DeFi) tools. It is an independent, open NFT ecosystem.
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: 872-1150-1350-1650 satoshi
#XRP Analysis :
#XRP is been trading below the major resistance of $0.33 - $0.37 and also price moving inside a large downtrend channel pattern. In mid-term, price is ranging and currently, price is trying to breakout of the pattern. If price breaks above the line and major resistance then you may look for buys.
#XRP is been trading below the major resistance of $0.33 - $0.37 and also price moving inside a large downtrend channel pattern. In mid-term, price is ranging and currently, price is trying to breakout of the pattern. If price breaks above the line and major resistance then you may look for buys.
Crypto Chart Alerts
DEGO/BTC Launched in 2020, Dego Finance is a decentralized ecosystem that offers a diverse combination of non-fungible token (NFT) and decentralized finance (DeFi) tools. It is an independent, open NFT ecosystem. Technically lying above strong support. RSI…
#DEGO did a really good job in a short span of time, straight away hits out target and made a high of 915 SATs, which is 20% quick profit. I hope you locked this quick and massive gain in short period of time 😊😊
Crypto Chart Alerts
#BTC started ranging after the price broke the symmetrical triangle pattern and it was expected to be also. Price made a impulsive move to expecting a continuation till resistance zone around $23,000.
Bitcoin is forming a small falling wedge pattern after the breakout. The falling wedge is a bullish pattern and we may see a continuation of this upward movement from next week. The major resistance is the $23,000-$24,000 area and let's see if BTC is able to break above this. The market is good as long as it holds above $20,000 support.
Educational Post:
What is Risk/Reward (R:R) Ratio?
Whether you’re day trading or swing trading, there are a few fundamental concepts about risk that you should understand. These form the basis of your understanding of the market and give you a foundation to guide your trading activities and investment decisions. Otherwise, you won’t be able to protect and grow your trading account.
The risk/reward ratio (R/R ratio or R) calculates how much risk a trader is taking for potentially how much reward. In other words, it shows what are the potential rewards for each $1 you risk on an investment.
The calculation itself is very simple. You divide your maximum risk by your net target profit. How do you do that? First, you look at where you would want to enter the trade. Then, you decide where you would take profits (if the trade is successful), and where you would put your stop-loss (if it’s a losing trade). This is crucial if you want to manage your risk properly. Good traders set their profit targets and stop-loss before entering a trade.
Now you’ve got both your entry and exit targets, which means you can calculate your risk/reward ratio. You do that by dividing your potential risk by your potential reward. The lower the ratio is, the more potential reward you’re getting per “unit” of risk.
How to calculate the risk/reward ratio?
Let’s say you want to enter a long position on Bitcoin. You do your analysis and determine that your take profit order will be 15% from your entry price. At the same time, you also pose the following question. Where is your trade idea invalidated? That’s where you should set your stop-loss order. In this case, you decide that your invalidation point is 5% from your entry point.
So, our profit target is 15% and our potential loss is 5%. How much is our risk/reward ratio? It is 5/15 = 1:3 = 0.33. Simple enough. This means that for each unit of risk, we’re potentially winning three times the reward. In other words, for each dollar of risk we’re taking, we’re liable to gain three. So if we have a position worth $100, we risk losing $5 for a potential $15 profit.
What is Risk/Reward (R:R) Ratio?
Whether you’re day trading or swing trading, there are a few fundamental concepts about risk that you should understand. These form the basis of your understanding of the market and give you a foundation to guide your trading activities and investment decisions. Otherwise, you won’t be able to protect and grow your trading account.
The risk/reward ratio (R/R ratio or R) calculates how much risk a trader is taking for potentially how much reward. In other words, it shows what are the potential rewards for each $1 you risk on an investment.
The calculation itself is very simple. You divide your maximum risk by your net target profit. How do you do that? First, you look at where you would want to enter the trade. Then, you decide where you would take profits (if the trade is successful), and where you would put your stop-loss (if it’s a losing trade). This is crucial if you want to manage your risk properly. Good traders set their profit targets and stop-loss before entering a trade.
Now you’ve got both your entry and exit targets, which means you can calculate your risk/reward ratio. You do that by dividing your potential risk by your potential reward. The lower the ratio is, the more potential reward you’re getting per “unit” of risk.
How to calculate the risk/reward ratio?
Let’s say you want to enter a long position on Bitcoin. You do your analysis and determine that your take profit order will be 15% from your entry price. At the same time, you also pose the following question. Where is your trade idea invalidated? That’s where you should set your stop-loss order. In this case, you decide that your invalidation point is 5% from your entry point.
So, our profit target is 15% and our potential loss is 5%. How much is our risk/reward ratio? It is 5/15 = 1:3 = 0.33. Simple enough. This means that for each unit of risk, we’re potentially winning three times the reward. In other words, for each dollar of risk we’re taking, we’re liable to gain three. So if we have a position worth $100, we risk losing $5 for a potential $15 profit.
Crypto Chart Alerts
Bitcoin is forming a small falling wedge pattern after the breakout. The falling wedge is a bullish pattern and we may see a continuation of this upward movement from next week. The major resistance is the $23,000-$24,000 area and let's see if BTC is able…
Bitcoin broke the falling wedge in the downward direction. The support is $20,000 and BTC needs to hold above it. A break below $20,000 is bearish and we see downward movement after that. If BTC bounces from $20,000 then we see a move towards the resistance area of $23,000-$24,000. Use tight stop loss in all trades.
Educational Post:
What is coin mixing?
Broadly speaking, coin mixing could refer to any activity that involves the obfuscation of funds by substituting them with others. However, in the cryptocurrency space, coin mixing commonly denotes a service provided by a third-party. Typically, the service providers take users’ coins (and a small fee), and return coins that have no link to the sent ones. These services are also known as tumblers or mixers.
The security and anonymity of such centralized services are questionable, of course. Users have no guarantee that their money will be returned to them by the mixer or that the coins returned aren’t tainted in some way. An additional aspect to consider when using a mixer is that IP and Bitcoin addresses might be logged by a third party. Ultimately, users give up control of their funds in the hopes of receiving unlinked ones back.
What is a CoinJoin?
CoinJoin transactions were initially proposed by Bitcoin developer Gregory Maxwell in 2013. In his thread, he gives a brief overview of how these transactions are structured and how massive privacy gains can be achieved without any changes to the protocol.
In essence, a CoinJoin involves the combination of inputs by multiple users into a single transaction. Before we explain how (and why), let’s take a look at the structure of a basic transaction.
Bitcoin transactions are made up of inputs and outputs. When a user wants to make a transaction, they take their UTXOs as inputs, specify the outputs, and sign the inputs. It’s important to note that each input is signed independently, and users can set multiple outputs (going to different addresses).
What is coin mixing?
Broadly speaking, coin mixing could refer to any activity that involves the obfuscation of funds by substituting them with others. However, in the cryptocurrency space, coin mixing commonly denotes a service provided by a third-party. Typically, the service providers take users’ coins (and a small fee), and return coins that have no link to the sent ones. These services are also known as tumblers or mixers.
The security and anonymity of such centralized services are questionable, of course. Users have no guarantee that their money will be returned to them by the mixer or that the coins returned aren’t tainted in some way. An additional aspect to consider when using a mixer is that IP and Bitcoin addresses might be logged by a third party. Ultimately, users give up control of their funds in the hopes of receiving unlinked ones back.
What is a CoinJoin?
CoinJoin transactions were initially proposed by Bitcoin developer Gregory Maxwell in 2013. In his thread, he gives a brief overview of how these transactions are structured and how massive privacy gains can be achieved without any changes to the protocol.
In essence, a CoinJoin involves the combination of inputs by multiple users into a single transaction. Before we explain how (and why), let’s take a look at the structure of a basic transaction.
Bitcoin transactions are made up of inputs and outputs. When a user wants to make a transaction, they take their UTXOs as inputs, specify the outputs, and sign the inputs. It’s important to note that each input is signed independently, and users can set multiple outputs (going to different addresses).
DOT analysis:
DOT is ranging between s$6.60-$7.40 area. You can add some DOT near the $6.65 area with stop loss below the $6.40 level. The first resistance is $7.40-$7.50 area and the major resistance is $8.60-$8.80 area. A break below $6.40 is bearish and we may see a test of $4.50-$5.00 support level.
DOT is ranging between s$6.60-$7.40 area. You can add some DOT near the $6.65 area with stop loss below the $6.40 level. The first resistance is $7.40-$7.50 area and the major resistance is $8.60-$8.80 area. A break below $6.40 is bearish and we may see a test of $4.50-$5.00 support level.
EOS analysis:
EOS is rejected from the $1.00-$1.06 resistance area. The support is the uptrend line which is around the $0.94 area. We may see a test of the uptrend line. Only open a long position if EOS is able to break and hold above the $1.06 level. If EOS is unable to hold the uptrend line then we see a dump towards the $0.80-$0.82 support area.
EOS is rejected from the $1.00-$1.06 resistance area. The support is the uptrend line which is around the $0.94 area. We may see a test of the uptrend line. Only open a long position if EOS is able to break and hold above the $1.06 level. If EOS is unable to hold the uptrend line then we see a dump towards the $0.80-$0.82 support area.
GALA analysis:
GALA is now testing the major support of the $0.0498-$0.0515 area. GALA needs to bounce from here. The local resistance is $0.058 and the major resistance is the downtrend line around the $0.062 area. You can open a long position at the support with tight stop loss below it. This is a good setup for long positions.
GALA is now testing the major support of the $0.0498-$0.0515 area. GALA needs to bounce from here. The local resistance is $0.058 and the major resistance is the downtrend line around the $0.062 area. You can open a long position at the support with tight stop loss below it. This is a good setup for long positions.
Crypto Chart Alerts
Bitcoin broke the falling wedge in the downward direction. The support is $20,000 and BTC needs to hold above it. A break below $20,000 is bearish and we see downward movement after that. If BTC bounces from $20,000 then we see a move towards the resistance…
Bitcoin is now trying to hold the $20,000 area. BTC needs to hold this level otherwise we see a slow downtrend in the market. Also, BTC is trading below the downtrend line which is not good. Wait for some time for new trades.
Bottom out Golden Call
#PHB on Binance
Targeting 200%🚀
https://www.binance.com/en/trade/PHB_BTC?layout=pro
#PHB on Binance
Targeting 200%🚀
https://www.binance.com/en/trade/PHB_BTC?layout=pro
Binance
0.00000343 | PHB BTC | Phoenix to BTC – Binance Spot
Trade PHB to BTC and other cryptocurrencies in the world’s largest cryptocurrency exchange. Find real-time live price with technical indicators to help you analyze PHB/BTC changes.
Crypto Chart Alerts
Bitcoin is now trying to hold the $20,000 area. BTC needs to hold this level otherwise we see a slow downtrend in the market. Also, BTC is trading below the downtrend line which is not good. Wait for some time for new trades.
Bitcoin also broke the uptrend line and this is not a good sign. BTC needs to reclaim this level as soon as possible otherwise we see more dump in the market. Global markets also do not giving a clear sign of an uptrend. The local support for BTC is $19,000 area.
Crypto Chart Alerts
ETH rejected again from the resistance area of $1240-$1270. ETH needs to flip this zone to gain some momentum. The local support is $1150 and major support is $1000 level. Wait for some time for a clear breakout of the resistance zone.
ETH is slowly going down towards the support of the $1000-$1020 area. This is the reason we told you to wait some time. You can add some ETH near the support zone. The major support on the weekly chart is the $920-$1000 level.