Milestone: Bitcoin Transaction Count Hits New All-Time HighBitcoin hit a new all-time high in daily transactions!
Following the launch of Runes, a new token protocol that allows the launching of tokens/NFTs on Bitcoin, the number of Bitcoin transactions has increased rapidly.
This spike in activity led to a new all-time high in daily transactions on Bitcoin of 927,000. This breaks the previous high of 724k set in December of 2023.
While there is no clear correlation between transaction data and price, higher transactions do mean more on-chain activity, which is generally a positive sign.
Transactions
XRP Analysis and Trading Plan for 2024 📊Hello TradingView Family / Fellow Traders,
On Daily: Left Chart
XRP has been hovering inside a significant range between 0.55 and 0.75, and it is currently retesting the lower bound of the range.
Moreover, it is approaching the lower red trendline of the channel that XRP has been respecting for a couple of weeks now.
🏹 Hence, XRP is situated around a strong area to look for buy setups as it is the intersection of the blue support and the lower red trendline.
Thus, we will be looking for buy setups on lower timeframes as long as the 0.54 support holds.
On H4: Right Chart
📈 For the bulls to take over in the short term, we need a momentum candle close above the last minor high in green at 0.592.
And then, for the bulls to remain in control from a medium-term perspective, we need a break above the last major high in red around 0.66.
📉 Meanwhile, until the bulls take over, XRP would be bearish, and if the 0.54 support is broken downward, we can expect a bearish continuation towards the 0.45 - 0.5 weekly support zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
LINK - Once A Castle; Always A Castle!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
After being stuck inside a range for more than a year between 5.0 and 10.0 round numbers, LINK finally broke above the range / accumulation phase.
Now we are expecting the MarkUp to push higher till the 18.0 resistance.
on H4: Right Chart
The bulls would remain in control from a medium-term perspective, unless the last low in red at 10.5 is broken downward.
In this case, a movement till the 9.0 - 10.0 support zone would be expected where we will be looking for trend-following buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
OPtimism At Its Best 😁Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
OP has been bearish trading inside the falling channel in green, and we are currently approaching the lower bound.
Moreover, the zone 1.0 is a strong demand zone and round number.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower green trendline.
As per my trading style:
As OP is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
TODAY Surpass 13M Eth July 25, 2022 (investorideas. Com newswire) ethereum stakers keep to boom their stake within the network. Consistent with a look at by using banklesstimes, the variety of ether staked on ethereum's eth 2. Zero staking contract has passed 13 million, increasing with the aid of 18% in q2. That is applicable to banklesstimes due to the fact the ethereum network is making ready to improve to a evidence-of-stake consensus model, as a way to see ether tokens used to at ease the community and confirm transactions. Underneath the contemporary evidence-of-work consensus model, ethereum is saved at ease by means of miners who verify transactions and encompass them in the blocks. But, validators will confirm transactions and encompass them in the blocks below the brand new pos model. The entire range of coins staked on eth 2. 0 has now topped the milestone - which is roughly 10. 9 percent of the entire eth supply - with 406,409 specific validators tapping their tokens. Those are the most wonderful figures seeing that a consensus vote to start staking turned into passed in november 2020. The staking application turned into oversubscribed by over four hundred% days before the release, with a 4. 25 percentage yearly yield. This proves that many investors assume eth will complement btc's use cases as natural collateral and store cost once the merge is finished. According to information from staking rewards, stakers are currently incomes four. 25 percentage in annual yields. Growing ethereum staking
banklesstimes ceo jonathan merry stated, "since the creation of ethereum 2. Zero, interest in staking ether has exploded. Stakers have already received over $1 billion in bonuses. The community is valued at about $thirteen billion because of all of the eth that has been locked the usage of staking. This demonstrates a strong level of confidence within the long-time period viability of ethereum among its users."
who's staking on ethereum? Taking a more in-depth take a look at the deposit contract, the entities worried are varied. One among kraken’s ethereum wallets is, as an instance, indexed. Staked eth is likewise held in wallets related to exchanges consisting of binance, huobi, and okex. Staking services like stakewith. Us and stakecube are also represented inside the top 20 listing. Full story and facts may be found here: total ethereum staked grows with the aid of 18% to surpass 13m eth
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Eth Ready for Bull Run as 60 Whales with More Than 100k ETHThe Ethereum network is experiencing an influx of whales, a phenomenon that has preceded bull runs for the asset in the past. Data from Santiment shows that the price of the second-largest cryptocurrency by market cap is correlated with the number of whales holding 100,000 or more ETH.
60 whales join the Ethereum network
As ETH price is correlated with the number of whales holding 100,000 ETH or more, an increase in the number of whales means that a new bull run is underway. Crypto analyst Ali Martinez says 60 whales have joined the network in 2022, “signaling the start of a new bull run.”
This is no wonder because Ethereum is becoming attractive to investors recently. First, the network has so much to offer, being the foremost blockchain for smart contracts and apps. These are just two of the many aspects of Ethereum that have found many applications in everyday life. As a result, analysts and supporters of the network believe that ETH is highly undervalued.
Another possible reason for the influx of whales could be the plan to migrate Ethereum to Proof-of-Stake. Though this has been delayed several times, it is clear that the network will become far more competitive when the migration finally happens. Devs and ordinary users alike are looking forward to the transition which will cut gas fees, make transactions faster, and push the price of ETH higher as more users patronize the network.
13 whales join the Ethereum network in a few days
In the past few days, thirteen whales holding above 100K ETH joined the network, Since March 14th, such top wallets have shown an increase of 4%.
7.02 Billion SHIB BurnedAccording to a recently published tweet, over the past 24 hours, more than one billion Shiba Inu meme coins have been moved to "inferno" wallets and out of circulation.
Aside from that, this SHIB-related business has made the commitment not only to burning meme coins but also to help with global SHIB adoption and utilization.
7.021 billion Shiba Inu sent to dead addresses
@shibburn has reported that since last morning, a comprised 7,021,292,580 Shiba Inu have been incinerated, i.e., moved to wallets from which these tokens can be neither withdrawn nor otherwise spent.
It took the various teams and individuals 41 transactions to remove that much SHIB, which is worth $24,296 in fiat.
600.7 Million SHIB BurnedOver half a billion Shiba Inu meme coins have been sent to dead-end wallets over the past 24 hours, according to the @shibburn service that tracks Shiba Inu burn transactions on Etherscan.
SHIB army keeps removing tokens
The website of the Shibburn service shows that since yesterday morning, a whopping 600,729,245 canine coins have been sent to several "inferno" crypto addresses, from where no one can spend or withdraw them. It took the participants five transactions to achieve that.
The largest single transfer on that list carried 595,232,837 SHIB.
SOL LIVE NOWSolana (SOL) has become a major platform in the crypto space, after going live in early 2020. The high-speed, high-throughput, proof of stake chain is well-known for its fast transactions, scalability, and affordable fees (and also its recent performance/technical issues which have also been quite serious).
The Solana DeFi, NFT & Metaverse ecosystem has been growing steadily since launch – attracting both end-users and application developers.
At Dune, they believe that the future is multi-chain. They also think that a multi-chain future requires robust multi-chain analytics to succeed. It’s their goal to make crypto data accessible and transparent, and to “empower anybody to become a skilled on-chain analyst.”
Litecoin has Break the Reaistance Through!Hey Dude! Cryptodeeper is coming back to give you all about information of altcoin analysis. At this moment I’m going to show you the chart analysis. Surely, we have knew about litecoin price action. The price movement was very slowly to grow up, if we compared with bitcoin and the other of altcoin. However, at this time is a moment for litecoin to make a great surprise.
As we know, there are so many event on the litecoin until the end of the year cause in this month Litecoin is turning into Ten. Surely, it really wasn’t easy to survive in the long term way. The latest news I’ve ever heard before, said that Litecoin has collaborated with Bitplaza and Bitpay as payment method. Thus, do you know? The big event we’ve been waiting for so long, MimbleWimble, is going to release.
MimbleWimble (MWEB) is one of the protocols used in the blockchain. It focused in privacy and fungibility. Therefore, MimbleWimble gives users an access to encrypt all data that is used while doing the transactions in the crypto asset market. So this step was taken to increase the security of the transaction.
Back on this chart, let’s talk about the analysis of the litecoin. As you know, litecoin has broke the daily resistance on $195. It’s a good news for continuation price of increases trend. Even though it has a break resistance, the price still consolidation on the range $195-$200. Keep calm, just wait for the time to fly to the moon cause the price target would still go up higher.
In my opinion, the first target is on the fibbonachi 0,618 or in the price is $295. After that, you would see the small correction to fibbonachi 0,5 and then back to the last all time high on $410. It’s the poin!!! Thus, if you’ve saw the wave like that, litcoin is getting ready to the moon.
Oke dude, it’s a little bit of my chart analysis about litecon. See ya!
Bitcoin - Transactions Large Increase.. Bull Trap or Real Deal?Bitcoin Transactions have increased in last couple days, which should indicate a spike in short term price. Drawing Trendlines on Bitcoin Chart, we obviously have a short term Rising Wedge pattern. It seems we dipped below/sideways, and now have the bottom trendline to contend with as the new resistance.
So is this last wave just a Bull Trap? Are we destined to go up just enough before correcting?? Or will this wave take us a good distance upwards, validating the Golden Cross of the MA50 over the MA100??
*This will be the FIRST Time I have gone against what the Transactions have told me.
We will see.
BTC Total Transactions = ShortBitcoin Alert: This technical analysis is solely based on on-chain data. Bitcoin Transactions have fallen out of their norm, and alerted me on my python app I built. I took a look, and they fell well below their average lately.
We have a new low for BTC Transactions, which means we have a new low for BTC price coming up.
Dont fret, this is temporary move. If you are buying bitcoin, keep doing the dollar cost average thing, you can help yourself a lot by doing that with any asset that has high volatility. Just $100 per week for example, but your choice.
Enjoy!
Solana 2021 end of year price speculationGiven that Solana is a fairly new and not even a year old blockchain we need to look at the amazing benefits it brings to the crypto world. One of these is a whopping 50,000 transactions per second beating every competitor hands down. Ethereum handles 15-25 transactions per second, Ripple with 1700 TPS, Bitcoin 4.6 transactions per second, EOS claims 50,000 transactions per second but not sure. Also, Solana's average fee per transaction is 0.00005 with global validators now at 689 and growing. You also have an impressive Solana ecosystem with great platforms like Binance, USDC, Crypto.com, Exodus and Atomic, Band Protocol, Bitfinex, Tether, Chainlink, Kin, Ledger, and the list goes on and on. I use Solana wallets and it amazes me how lightning fast the transactions are. I mean it literally sends my Kin the instant I press the send button it confirms and deposits instantly.
solana.com
It is clear that Solana will be a huge competitor to Ethereum, Tezoz, Cardano, and other similar platforms. I am thinking that with such a low circulating supply with Solana of only 267,460,091 SOL, we could see a serious higher price at the end of this year.
My end of year price points for Solana: $900, $2,000 & $3,000
Monero (XMR) - Life Time, the only one that can take out BitcoinMonero FTW.
Bullish Div on Daily and weekly.
One of the few great cryptocurrency in existence.
I love Bitcoin, but I love Monero concept more.
Investment Thesis Explained
www.youtube.com
Estimated Tothemoon Model. $150K in 2022Welcome to advanced Tothemoon analysis!
Well I did something) The estimated Tothemoon model.
This is an example of how you can use the fundamental Bitcoin metrics along with simple proportions and drawings. And without any H&S, gartleys and butterflies. Okay, I'll tell you briefly what I've done.
Used tools:
1) Cost per Transaction ( $/Tx , miners revenue divided by the number of transactions)
2) The blue line represents Bitcoin's ATH price
3) The black line represents ATH $/Tx mapped to the corresponding price on the chart
4) Bitcoin Halvings (the dates are shifted because the time scale doesn't contain such dates)
I made several conclusions that may seem obvious, but still:
ATHs of the $/Tx and price happened at the same time .
$/Tx starts to decrease after a new ATH price was reached.
A new $/Tx peak will happen in the middle of 2022 .
The ATH-to-ATH price movement can give about 600% . Each new ATH-to-ATH gain is approximately one-third of the previous gain.
The price starts to grow up after each halving .
The price crosses its ATH levels after each halving .
So, we cannot be sure that the previous ATH of $20K will be reached before the 3rd halving will happen.
The periods that are needed to pass ATH levels after each halving look like an arithmetic progression. For the 1st halving it was about 4 months , for the 2nd - 8 months . Thus, for the 3rd it can be 12 months .
The 3rd halving's growth will be 900-1000% approximately.
We can expect approximately a 2-year growth after the 3rd halving.
According to the model the price can drop again in the nearest months of 2019 .
And then it will continue to approach the ATH $/Tx level. There can play positive news about Bakkt and ETFs.
Bitcoin will reach $100K in 3 years.
The estimated target at the end of the 3rd halving cycle is $150K .
You can see all of this on the chart.
Good luck and Happy Trading!
Bitcoin Transactions outlookI find this interesting to look at here and there. It can only be used on the daily candle because of the data being done once daily. You will need to use BLX as the asset with 1 day candle time frames. You will find it has a great correlation with highs and lows. This is not to be used for trading indicators but as a reference. You can also take a look at google trends and see that we have moved into the 90s this month from around 80 for google trends "bitcoin" search. If you look at the monthly data it shows we are still at a downtrend for searches but march has still not populated into results! Be safe dont FOMO. Take your time to learn your own strategy based on your own risk tolerance. Risk management is key take the time and watch some of the new videos here in tradingview under "shows"
Weak bounce increases the likelihood for this bearish scenarioWell, this bounce from 3200 is the most pitiful excuse for a bounce I have seen in a long time.
This shows that the support at 3200, which should have lead to a very strong reaction, a rally to upper 5000s, is quite weak.
I think we'll go below the MA200 in the near future. Maybe the structure will be different from the 2011 fractal, in that BTC just doesn't really do large bounces and dumps any more,
just a slow and long decline towards 1200, the high of 2013.
This means that the bearmarket will also drag on longer than expected, and only in the second half of 2020 would we rise again thanks to:
1. The halving effect
2. The stock market bearmarket probably over and new bullrun in stock indices (BTC correlated with stocks)
So, let's see if BTC bounces soon, then this might still be averted, but the likelihood fot this increases more and more.
The positive of this?
An entry at 1200 would be an insane opprtunity, since the ATH for next rally, even though it would occur later, say 2023 plusminus, would yield nice gains.
Also keep this chart here in mind: www.blockchain.com
Historically, when transactions go above old ATH, only then the beartrend stops, and BTC turns bullish. Never before. And it looks as if it will take quite some time until we
reach old transaction ATH.
So, I will be prepared for that scenario.
