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Fundamentalstrategy

Daily BTC 1DChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the local uptrend channel that the price has left the bottom. However, after marking the uptrend line, we see that the price has rebounded from it in the current correction. Now we can move on to marking the places of support in the event of a correction. And here we have the first very strong support at the so-called Fib golden point at $19,221, however, when we fall below this support, we can see a drop to around $17,577. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First resistance at $20895, second resistance at $21747, third resistance at $22401, then a very strong resistance zone from $23086 to $24029. When we turn on the EMA Cross 10 and 30, we see where the moving averages intersect and the downtrend begins. Please pay attention to the CHOP index which indicates that the energy has been used, the MACD indicator confirms the ongoing uptrend, while the RSI shows that the indicator has fallen below the lower limit, which may potentially be the end of the correction.
by cryptodailyuk
FTM/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the FTM chart this time on a one-day interval. As we can see, the price is moving in the downtrend channel, which we have marked with blue lines. Let's start by marking the support spots for the price and we see that we have the first support at $0.35, the second very strong support at $0.27, and the next support at $0.16. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that first we have a resistance zone from $0.44 to $0.48, then we have resistance at $0.51, then we have a second strong resistance zone from $0.55 to $0.59, once price breaks it it will move towards resistance at $0.65 . It is worth paying attention to the EMA Cross 10 and 30, which clearly indicate the place of entering the downtrend. The CHOP index indicates that there is some energy left for further movement, the MACD indicates the continuation of the downward trend, while the RSI is moving in the lower part of the range and is approaching the lower limit, thus creating room for new increases.
F
by cryptodailyuk
Upgrading Polygon PoS Chain to Boost Performance + TAHello friend. Today im going to explain about the latest happenings in polygon layer-2 blockchain. Lets see what will happen? When the Polygon PoS chain first launched it offered a much-needed solution for Ethereum’s scaling issues. It gave users and developers alike everything they love about Ethereum but with faster throughput and lower fees. Now, with tens of thousands of decentralized apps, over 207 million unique addresses, more than 2.3 billion processed transactions, and a vanishingly-small carbon-footprint, the Polygon PoS chain has emerged as the premier destination for dApps. It is home to some of the biggest Web3 projects like Uniswap and Aave as well as major companies like Robinhood, Adobe, and Stripe. But this is only the beginning. Longer-term technical upgrades to Polygon PoS are being worked on, like parallelization, even while other promising tech for scaling, like Polygon zkEVM, is being built. a critical hardfork will be proposed that will aim to: 1 - reduce severity of gas spikes; In order for a transaction to be included in a block, a gas fee is required. The “base fee” is the minimum fee for block inclusion, and is set in accordance with EIP-1559. Although on-chain gas dynamics work well a majority of the time, when the chain experiences high demand, the base gas fee experiences exponential spikes. Increased gas prices are normal during surges in demand on any blockchain protocol. But “gas spikes,” which represent exponential growth in price, are not. They are a result of EIP-1559 and the Polygon PoS chain’s faster block times (~2s.) 2 - address chain reorganizations (reorgs) in an effort to reduce time to finality. Decrease the sprint length from 64 to 16 blocks. By reducing the length to 16 blocks, this upgrade means a single block producer will produce blocks continuously for a much shorter time (~32 sec) than the current (~128 seconds). Doing so will decrease the depth of reorgs. “Sprint length” describes the number of blocks a validator produces contiguous blocks on Bor chain. By reducing sprint length, the time a validator continuously produces blocks decreases. The result? Lowering the chances of a secondary or tertiary validator (who hasn’t discovered the primary) kicking in to produce blocks, resulting in fewer reorgs overall. Reorgs are possible due to the architecture of the Polygon PoS chain, which relies on probabilistic consensus. Finality for a transaction is achieved based on the number of confirmed valid blocks on top of the block containing a transaction. In the Polygon PoS chain, applications wait approximately 50 blocks before considering a transaction final. A reorg occurs when a validator node receives new information that shows a longer, or higher version of the chain. The chain with the highest difficulty is called the “canonical” chain. If a longer version of the chain arrives with more blocks, this is the new canonical chain, and the old one must be discarded. Reorgs may impact transaction finality and disrupt the ability of an application to be confident that their transactions are part of the canonical version of the chain. Expectation after the hardfork: By decreasing the sprint length, the hardfork will help reduce the frequency and depth of reorgs, and improve transaction finality. The change will not affect the total time or number of blocks a validator produces, so there will be no change in rewards overall. Now lets look at technical perspective: take a look at picture below (thats a weekly chart): As you can see , the price supports in 0.76 strongly with a n Engulfing candle and now it reaches to the correction area. correction lasts till 50EMA (green line) and after that will increase again. Notice that this analysis is a Long-Term analysis . So try to invest in your own strategyk. I think Polygon will be one of the best ecosystems Blochchain seen in these years. THANK YOU fo reading my idea. PLZ support me and put your opinion in comments? What do you think?
MLong
by TraderAmin-KZ
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to review the chart of BTC in pair USDT taking into account the one-day interval. First, we will use the yellow lines to mark the uptrend channel in which the BTC price is moving. Now we can move on to marking the places of support in case of further correction. And here, in the first place, it is worth marking the support at the price of $ 22959, which currently held the price, but when we go lower, we can see a drop to around $ 21,532, then to $ 20,383 and even $ 19,215. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First, we have resistance just above the price at $23,145, when we manage to break it, we have a second very strong resistance at $25,221. Only when the price overcomes it and positively tests it, the way will open towards $31233. Please pay attention to the CHOP index which indicates that despite the correction the energy is growing, the MACD indicator indicates that we are on the verge of a downward trend change, while the RSI shows a visible rebound, but be careful because there is still room for a larger correction.
by cryptodailyuk
CABLE H&S UPDATECABLE has been very interesting lately. Sterling has surprised with decent data but the overall outlook for the sterling fundamentally remains the same, the market is expecting one more rate hike. The strong data however is creating a very RANGY environment for this pair. We saw this when the last bearish move was RETESTED all the way to the 68 fib zone. My bias on this pair remains BEARISH however, and i believe that the USDX will continue to control the OVERALL DIRECTION of this currency pair. From a short term standpoint we can see a HEAD AND SHOULDERS pattern forming, with the HEAD being the afformentioned 68 retest of our bearish momentum. this is a strong indication that the pair will continue to move downward, so long as our NECKLINE is protected by price action. Look for a formation of a RIGHT SHOULDER here potentially coming, before the true trend takes over. Trail your stops on this pair folks it has been swinging back and forth and i expect it to CONTINUE to do so.
Short
by NakedTrading4U
5
THE BIG FLIP $SPYMY BEARISH THESIS -This rally is led by fundamentally weak companies like CVNA, ROKU, AMC, and AFRM (companies with weak valuations) which has historically indicated that these types of rallies are temporary -Six Month Treasury Bill yields rising to 5%, last seen in 2007 - The Feds Fund Rate (Feds target interest rate) rose higher after the recent CPI data which means the Fed must raise rates more aggressively to combat inflation -50% base point rate hike probabilities are increasing for the next meeting -Mortage Application volume fell 7.7% last week as mortgage rates rose -The average rate for a 30-year mortgage rose from 6.18% to 6.4% in the last two weeks -Employment number came in over double than expected which will cause Wage inflation -Retail sales are up 3% month over month, crushing expectations (2%), spending continues -Restaurant Retail Sales up 7.2% in January, strongest since March 2021 -Used car prices have increased 4.1% in the month of February and it's only the 18th -Credit Card Debt hits a record 930.6 billion, up 18.5% -Multiple large cap Company Earnings have missed and have started layoffs All this means that the average consumer hasn't stopped spending despite inflation and high interest rates. This will cause the Fed to continue hiking interest rates or keep interest rates higher for longer which is not sustainable for the consumer. Overall, the fundamentals and the data is showing that this rally is temporary, and we will go lower. How low we will go is not yet known for the equities market, but many analysts believe new lows are not out of the question. $SPY
AMEX:SPYShort
by sodatrades
4
EUR/USD: Markets Under Pressure After Strong U.S. Labor An earthquake in Turkey and rising U.S.-China tensions contributed to the unfavorable mood in the world markets on Monday morning. The top platforms in Asia are dropping by 1.4%. The Japanese market stands out as an exception, rising 0.6%. Major U.S. index futures are continuing their downward trend from Friday, shedding as much as 0.4%. This morning, the nearest Brent crude oil futures are rising 0.2% and are currently trading slightly around $80 per barrel. The non-farm payrolls from last Friday are the key point. In the first month of 2023, the U.S. economy added 517,000 new jobs, according to figures made public by the Labor Department. This is almost three times greater than the consensus prediction of analysts surveyed by Bloomberg and double the amount from December (260 thousand). Unexpectedly, the jobless rate dropped from 3.5 percent in December to 3.4 percent in January. 3.6% growth was expected, according to economists. In accordance with forecasts, the average hourly salary increased 0.3% in January over December. The annual growth rate of hourly wages was 4.4%. (+4.3% y/y) The data were better than expected. It is important to note that the December estimate was increased; salaries increased at a rate of 4.8% y/y in December 2022 rather than the previously reported 4.6% y/y. The report was undoubtedly credible. But given that January's results were biased by methodology, it seems we shouldn't pay too much heed to the exceptionally high employment growth numbers. This month, the statistical office is changing a lot of things. However, the truth remains that following this jobs data, whatever concerns that some Fed policymakers may have had about the possibility of excessive monetary policy tightening should be significantly diminished. The data from the report would have appeared considerably more persuasive if they had been available an hour before Jerome Powell's press conference on February 1 (the Fed increased the rate by 25 basis points to 4,5-4,75%). Powell expressed his opinion that the job market was still hot and imbalanced during the news conference on Wednesday. And so we see: rather than the Fed attempting to calm pricing pressures by hiking rates, the larger picture suggests that the current situation of the labor market is in fact accelerating inflation rather than calming it down. Regarding estimates from the money market, a 25bp rate increase in March is currently implied by the federal funds rate futures market 93% of the time (82% a day ago). A rate increase in the same range in May is 60% more likely than it was yesterday (22%). The likelihood of a 25 basis point rate drop by year's end is still being calculated by the swap market. According to the current set of macrodata, the Fed has good justification for raising the rate in March by 0.25 percent to 5%. Let's just say that the market's steadfast denial of the Fed's warning that the rate could increase above 5% this year no longer appears to be a bluff on the regulator's side. The dollar is oversold, as indicated by the existence of strong technical signs earlier. Fundamental elements have now been added to them. Given the just released jobs statistics, the market's attitude toward hazardous assets appears to be excessively upbea Technical Analysis: Today it's presented a divergence on the H6 timeframe and the price seems to start a reversal. Our indicator shows a Sell position in this lower timeframe.
Short
by FOREXN1
9
NFP Possible opportunity and trading setupsToday's NFP print is coming in 2h and 30m, trading plan following. In the last couple of days we got higher Labor data with Jobless claims, Jolts data printing way better than market expectations, and these 2 components fit into the NFP this might mean that on the aggregate the 185K US NFP estimation might be slightly higher than that. Anyways, let's move into the NFP now. The bulk of market participants are between 150-200K and for exaggerated movements, we should look for anything below 150K for US$ shorting or 200K for US$ long. As a second layer of risk, we can use 125K to the downside and 225K to the upside which will give us the ultimate trading conviction. US NFP printing higher than 200K (Risk x1) US NFP printing higher than 225K (Risk x2) EURUSD - GBPUSD - GOLD - BTC - SNP - NDX 🔽 USDJPY 🔼 US NFP printing lower than 150K (Risk x1) US NFP printing lower than 125K (Risk x2) NZDUSD - AUDUSD - GOLD - BTC - SNP - NDX 🔼 -Extra notes- Average Hourly Earnings (YoY) and Unemployment rate need to be considered as a second layer of conviction into this trade setup... They are similarly essential and if they give a very different picture than NFP then we should be considering this in our analysis and either deduct any risk from our positions or even close our positions after all. Average hourly earnings YoY have a previous Result of 4.6% and an estimation of 4.3% above 4.4% or below 4.2%. The vast majority of the analysts will be surprised by a result of 4.2% and below or 4.4% and above. The US Unemployment rate has a previous result of 3.5% and an estimation forecast of 3.6%. The vast majority of the analysts will be surprised with a result of 3.4% and below and 3.7% or above. Consider the above as possible conflicting factors or boosting factors to the NFP result, also don't forget that the Unemployment rate lower is US$ hawkish, and the Unemployment rate higher is US$ dovish.
OANDA:XAUUSD
by Investing_Bridge
USD/JPY chart detail overviewThe USD/JPY chart is a graphical representation of the exchange rate between the US Dollar and Japanese Yen. It shows the current value of the pair and its fluctuation in the past. 1] The USD/JPY pair is commonly referred to as the "Gopher" because it is the most liquid currency pair in the world. The chart provides traders with a comprehensive view of the current and historical price of the pair, allowing them to make informed decisions on their trades. It also offers a wide range of technical indicators such as moving averages, Fibonacci levels, and momentum indicators that can help traders make informed decisions. With the current market conditions, the USD/JPY is trading at 109.13 and is up 0.43% for the day. USD/JPY: Current Market Trend and Opportunity for Trade The USD/JPY currency pair is one of the most popular and heavily traded currencies in the world. Recently, the pair has been in a strong uptrend, with the USD gaining strength and the JPY weakening. This has allowed traders to take advantage of profitable trading opportunities. In this article, we will take a look at the current market trend and opportunity for trade when it comes to the USD/JPY currency pair. The USD/JPY pair has been on an uptrend since May 2020, when it was trading at a low of 105.50. Since then, the pair has steadily gained in value, reaching a high of 118.50 The USD/JPY pair has been volatile in recent weeks, with developments in the markets and official meetings having a significant impact on the performance of the pair. On Monday, the Japanese Yen strengthened against the US Dollar as speculators anticipated the Bank of Japan to take a hawkish stance later this year due to high inflation . Furthermore, weaker equity markets continue to support the safe-haven nature of the Yen, while expectations for a less aggressive Fed policy stance are also contributing to the pair's downward slide . The latest JPY market news, analysis and Japanese Yen trading forecast from leading DailyFX experts and research team has also been giving insight on the movements of the currency pair . On Friday, the Japanese yen was in positive territory, with the exception of Monday when the pair jumped 1.8%. The gain was driven by the unexpectedly strong US employment report, which dampened hopes of a dovish pivot by the Federal Reserve . Thus, market news and meetings have a significant impact on the performance of the USD/JPY pair.
Short
by SherSHAA
1
ETH - USDT, 1D Interval Resistance and Support Hello everyone, I invite you to review the ETH to USDT chart on a one-day interval. First, we will mark the downtrend channel that the price has left the top. However, locally, we can determine the downtrend under which the price is moving. Now we can move on to marking support and in this situation we have first support at $1539, second support at $1449, third support at $1380, if the price goes lower we have a strong support zone from $1309 to $1204. Looking the other way, we can similarly mark the places of resistance that the ETH price has to face, as we see the first resistance at $ 1669 at the so-called golden point fib 0.618, then we have strong resistance at $ 1825 and the third resistance at $ 2032. It is worth looking at the EMA Cross 10 and 30, because we can see that the 10 marked with the red line on the chart starts to bend, when it crosses the 30 marked with the green line on the chart, it can give confirmation of entering a longer downtrend. The CHOP index indicates that we have a lot of energy for a new move, MACD indicates entering a downtrend, while the RSI is moving in a downtrend.
by cryptodailyuk
BTC/USDT Revive 1D IntervalHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. As we can see, the price has broken the downtrend lines and has gone up. Let's start by identifying where we should see price support, and here we see that the first support is at $21,991, the second support is at $20,750, the third support is at $19,739, and the fourth support is at $18,728. below we have a strong support zone from $17,313 to $15,494. Looking the other way, we can immediately see that the price is struggling to maintain a very strong resistance at $23147 equal to 0.786 FIB, the next resistance is at $25226, only when the price breaks out and tests it positively will it be able to go towards $30000. Please look at the CHOP index, which indicates that on a one-day interval we are gathering more and more energy for a new move, MACD after recent increases begins to indicate entering a downward trend, while the RSI also shows a downward trend and recovery.
by cryptodailyuk
1
USD/JPY:Trading participants appear hesitant to make big bearishTrading in USD/JPY is restricted to a small range as investors eagerly anticipate the FOMC decision. Throughout the early portion of Wednesday's European session, the USD/JPY pair struggles to generate any noticeable momentum and swings between tepid gains and modest losses. As traders look hesitant and anxiously await the results of a two-day FOMC monetary policy meeting, spot prices linger below the mid-130.00s. On Monday, the USD/JPY pair experiences some intraday selling at the 130.30 region and declines by more than 100 pip from the day's peak. However, spot prices are still firmly inside a trading range that dates back a week and have now appeared to have stabilized above the mid-129.00s during the early European session. Fresh concern that high inflation may prompt a more hawkish posture from the Bank of Japan later this year is continuing to bolster the Japanese Yen (JPY). In addition, a generally negative outlook for the equities markets supports the safe-haven JPY. The USD/JPY pair has some downward pressure as a result, which adds to the overall adverse sentiment around the US Dollar and the intraday decline. In fact, as expectations for a less aggressive Fed policy tightening increase, the USD Index, which measures the value of the dollar against a basket of currencies, is currently hovering close to a multi-month low. The markets appear to be confident that the US central bank would moderate its aggressive approach and announce a lower 25 bps rate hike on Wednesday at the conclusion of a two-day meeting. This impacts on the USD and keeps US Treasury bond yields low. Trading participants appear hesitant to make big bearish wagers on the USD/JPY pair as the significant central bank event risk approaches. In addition, remarks made by BoJ Governor Kuroda Haruhiko, who stated that the bank must maintain its loose monetary policy and 2% inflation objective, limit the JPY's upward potential. This calls for more care before positioning for any appreciable significant fall, at least initially.
by FOREXN1
8
DOT / USDT 1D CHART - Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT on a one-day timeframe. Let's start by marking the downtrend line, which the price has broken above, and we are currently moving above the uptrend line. Let's move on to denoting the resistances that the price must overcome, and here we see that the first resistance is at $7.14, the second resistance is at $8.06, the third is at $8.96 and the fourth is at $10.24. Looking the other way, we can similarly determine the places of support. And here we have the first support at $6.23, the second at $5.85, then we can mark the support zone from $5.55 to $5.20, and the second support zone from $4.78 to $4.20. As we can see, the EMA Cross 10 and 30 indicate an uptrend, the CHOP index indicates entering a local downtrend, while the RSI shows a rebound and a downtrend.
by cryptodailyuk
2
GJ - WEEKLY PROJECTIONSimilar to my previous post on the Monthly. These are my HTF projections So obviously, there's not much detail on them but I am a swing trader and I like to project from the monthly downwards as there is a lot that is missed if you don't analyze from the monthly down in my opinion. I have deleted the monthly fib because it clutters my chart but keeping this in mind you can see its reacted at the monthly fib and now, we are currently sitting at the weekly/daily fib to go bullish. Also - If anyone has ever told you that a 'head and shoulders pattern' is great for determining reversals, make sure you go get a lobotomy and forget it ASAP because they are one of the biggest Liquidity Raids/Price Manipulation setups you will ever find and rarely ever play out like your courses tell you. Just like AJ - It looks too pretty and too perfect to continue as a 'Head and shoulders' into a downtrend. I would be very surprised if it did, and the only way I could ever see it doing that is if it has a massive liquidity raid and manipulates everyone out of the market before reversing and becoming bearish. But - I never say never because anything is possible, and you have to always keep an open mind otherwise you will never make money in these markets. At the moment - its looking like GJ is accumulating sellers because most sellers are taught to sell when they see a 'Head and shoulders'. I'm thinking it will temporarily trend bearish into the lower fib to remove liquidity first before it reverses to continue bullish after removing all buyers. Don't forget that the weekly/monthly Fib has not been touched yet so I'm waiting for price to trend bullish to fulfill it. From there we have a few options but i will assess and adjust as the week goes on. It may trend bullish, hit the Fib and retrace to remove more liquidity and then either tank or continue bullish removing all sellers and also fill that imbalance to the left. Thats what i would like to see but it's way too early to tell. :)
Long
by Pmilanoxx_
Daily review of BTC interval 1DHello everyone, I invite you to update the situation of BTC on a one-day interval. As we can see, the market woke up and the price went above the downtrend line. We could see the formation of a rounding bottom pattern, which is characterized by the effect of breaking the resistance level and increasing the price, which we can also observe. Now it's worth checking where btc is going next. Using the Fib Retracement tool, we can check the current resistances that the price has to face. And here we can immediately see that we are at a crucial moment at the resistance level of $19190, and also at 0.618 Fib, which is called the Fib golden point. We can see that the price is testing the current resistance, which may provide some respite before further upward movement, near the resistance at $20179 and then $21486. Once the current resistance level is pushed back and the price begins to fall, we can establish support at $18,456, then $17,882, and a strong support zone from $17,435 to $16,271. As we can see on the CHOP index, the energy has been used for the current upward movement, the MACD confirms the upward trend, while the RSI indicator moves above the upper range, in a place where we often had a feedback reaction and price correction, but it does not mean that we will not see another upward movement .
COINBASE:BTCUSD
by cryptodailyuk
1
Daily review of BTC interval 1DHello everyone, I invite you to every Monday review of top cryptocurrencies. Let's start by checking the situation on BTC in pair to USD, taking into account the one-day interval. As we can see, the BTC price has moved above the downtrend line and is currently moving above the local uptrend line. Before we move on to determining the support for the price, it is worth looking at the fact that we have currently formed a lower peak than the previous one, while the RSI indicator has the opposite situation. On the chart, the first peak is higher than the second, and on the RSI, the first peak is lower than the second. The formed pattern often ends with a downward price breakout. Now we can move on to marking places where the price has support. And here we see that we have the first support at $17,272, the second support at $16,920, and the third support at $16,576. However, when it comes to the resistances that BTC has on its way of growth, we see that the price is currently fighting with the first resistance, the next resistance will appear at the price of $ 17,577, at the so-called golden point of Fib, then the resistance is at the price of $ 17,929 and $ 18,384. Please pay attention to EMA Cross red 10 and green 30, as we see red crosses green from below which is a pro-growth signal, however, you should keep common sense and watch if it will not be a false step as in the previous situation. On the CHOP index, we see that most of the energy has been used, while the MACD indicates an uptrend.
COINBASE:BTCUSD
by cryptodailyuk
11
BTCUSDT-1DInterval-Review Hello everyone, I invite you to review the BTC to USDT chart, on a one-day timeframe. As we can see, the price has been moving in the sideways trend channel for a long time, but currently we can mark with the yellow line, the local downtrend line with which the price is fighting. Now let's move on to the support line and as you can see the first support that held the price at the current correction is $16583, if the support is broken then the next support is at $16078, while the third support is at $15461 which is below the lower limit of the channel, but it is also the place of the last price low. Looking the other way, also using Fib Retracement, we will check the places where the price should subdue the resistance when the increases begin. as we can see the first resistance is at $16763, the second resistance is at $17077, the third resistance is at $17325 and the fourth resistance is at $17576. As we can see, the entry into the local correction was preceded by the crossing of the green line moving average from above, through the red line. Looking further, we see that the volume is at low levels with a predominance of candles on the sellers side. The CHOP index indicates that most of the energy has been used for the current correction, the MACD confirms the local downtrend, while the RSI is recovering and is currently at quite low levels, which may potentially bring the price up.
COINBASE:BTCUSD
by cryptodailyuk
2
BTCUSDT Long position Possibilitywe are going to have a look at the changes in the Bitcoin market in terms of data in the network, let's check the potential in the network for price growth, take a look at the miners, measure the supply and demand situation, and finally finish with the options market. In general, the health of the network has improved in terms of activity compared to the previous days, and the positive point that exists is that the activity of the key range has not been lost, but in general, the level of activity is still low, and most of the activity is done by small traders, because if we go, number If we check the transactions, we can see that there has been growth, and on contrary, the volume of transactions is at a low level, and it shows that the whales of the network do not want to be active at the moment. In the past few days, we saw the weakening of the security of the Bitcoin network. fell, the hash rate was decreasing at a relatively high speed, but the current situation has reached its key range, now that news has been published, if this news is definitive, it will cause many miners to be affected, and consequently, the hash rate will be affected. It has an impact and the possibility of losing this key range increases, now considering that the income of miners is also decreasing and if the price stays in these areas, it may strengthen the risk from this category again. Well, I also mentioned the income of the miners. In general, the income of this category through the construction of blocks is still decreasing compared to a year ago, but it has not reached the green area where the miners are under a lot of pressure. On the other hand, the income of the miners from Through the network has risen a bit, but it has not been able to significantly affect the total income. If we come to check the valuation of Bitcoin, we will see that it is involved in a negative bubble, according to the MBRM index, this issue will be very clear to us. It has a significant history and it has shown that when bitcoin is involved in a negative bubble, those who see it have investments and demand that bitcoin will be profitable for them in the long term, but I know that you know better than me that market conditions change in every period. Paying attention to this issue, for investment, we should not pay attention to one element and must consider the view of the action market. If I go to the supply & demand layer and check the demand, we can see that the demand and the network are mainly on the side of the traders, and they are accumulating, but for those who have ten bitcoins, this accumulation has calmed down a bit and they show me indecision. 16400 has become very attractive for traders and it is considered an important range because almost ten percent of the circulating balance is in this area, and if we pay a little more attention, we can also see the behavior of speculators because when the price goes up, they sell at a profit. And again, when we return to these areas, we see that the circulating assets are growing in this area, now if we check in terms of supply, in general, the level of hash and network has come down, whether in profit or loss, but during the past day, we have seen We had a series of sales, and again, the sales were at a loss, and it happened from those whose coins were between 3 and 6 months old, who had the highest sales, and the total amount sold in this category was 22,000 bitcoins, but those who were in profit. Now, they prefer to withdraw their own coins, instead of the old ones It has been 7 to 10 years wallet that the amount was low and their number was 590, and then it was two to three years that they took out 2000 bitcoins, but the more important thing is the behavior of speculators. We see that the sellers are buying in the support areas, the price goes up a bit, they sell, and until the price cannot break those areas that make a profit, the price growth can be uncertain. Finally, if we check the amount of Bitcoin input and output to exchanges, the input is more dominant, but I don't see very serious inputs, so in general, even though Bitcoin is located in valuable areas, the potential in the network is less than before, if the important areas of security activity are lost. Lamb naturally affects the health of the network and that effect will be negative In terms of supply and demand, we can see that the demand in the network is not so high, although the width in the network is low, but the behavior of investors is more than everyone else at the moment. Finally, we turn to the option market , we see that the most important maturity date is December 30, the volume of open contracts is very high (approximately 2.3 billion), the most important support for us is at $15,000, then $12,000, and finally $10,000, that's right, $10,000 has much higher open interest. But in order to reach $10,000, we must first lose $15,000. Now, considering that we mentioned that the range of 16,400 is very attractive for traders, and it has been able to work well for now. In the end, if we examine the implied volatility together, which shows me the expectations of traders and price changes, it somehow shows the foresight of option traders. We can mention 2 things: One is that the traders expect that we will reject this area, whether it goes up or down, on the other hand, it is a good time for those who want to work with options because the contracts have become cheaper, and it is possible that we will see new contracts in the coming days. There will be a lot of new sentiment in this market, and if there are any changes, we will definitely update The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
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by expay24