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#BTC (Update)
In 4h timeframe Chart, Bitcoin Bulls Still Defending the Horizontal Support Area (44k - 45.5k)
Bitcoin Making LOWER LOWS & RSI Printing HIGHER LOWS, In Simple, RSI Indicator Printing Bullish Divergence.
If Bulls Clear the Descending Trendline Resistance (45.8k-46k), Expecting Bullish Move towards the 52k.
In Worst Case, If Bitcoin lost the Horizontal Support Area then Bitcoin Might test the 38k Support Area.
In 4h timeframe Chart, Bitcoin Bulls Still Defending the Horizontal Support Area (44k - 45.5k)
Bitcoin Making LOWER LOWS & RSI Printing HIGHER LOWS, In Simple, RSI Indicator Printing Bullish Divergence.
If Bulls Clear the Descending Trendline Resistance (45.8k-46k), Expecting Bullish Move towards the 52k.
In Worst Case, If Bitcoin lost the Horizontal Support Area then Bitcoin Might test the 38k Support Area.
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Bitcoin Net PnL turned negative first time since September 2020.
Forwarded from Official VIP Group
Bitcoin Net PnL turned negative first time since September 2020.
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📉 Daily Bitcoin chart review 📈
Today both week and month candles closing and therefore Monday should bring some big volatility. Yesterday's news about $1.9 trillion Covid relief bill approval leave some hope for bullish reaction. At the same time BTC made new lower low so correction continues. Week candle also look shitty - got to close above 48k to look better. Otherwise next dip will take price to 38k / 32k. The only thing left bullish is falling wedge pattern - breakout scenario can take BTC to 48600-49500 zone. Summary - no trading today is the best option.
Today both week and month candles closing and therefore Monday should bring some big volatility. Yesterday's news about $1.9 trillion Covid relief bill approval leave some hope for bullish reaction. At the same time BTC made new lower low so correction continues. Week candle also look shitty - got to close above 48k to look better. Otherwise next dip will take price to 38k / 32k. The only thing left bullish is falling wedge pattern - breakout scenario can take BTC to 48600-49500 zone. Summary - no trading today is the best option.
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Defi Wizard (DWZ) token metrics. DeFi Wizard will have a public token sale on Bounce & FalconSwap on March 1st. The startup will enter the market with $345K initial circulating supply.
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Shadows Network has raised $1.65M during private fundraising round. Alphabit, AU21 Capital, Blocksync Ventures, DFG, DuckDAO, GBV Capital, JRR Crypto, Master Ventures, NGC Ventures, WaterDrip and 3Commas are among participants.
Shadows aims to build a Substrate based hub for issuing, trading, lenging and borrowing synthetic assets. The startup will have a public fundraising round via DuckStarter & Ignition on March 2.
Shadows aims to build a Substrate based hub for issuing, trading, lenging and borrowing synthetic assets. The startup will have a public fundraising round via DuckStarter & Ignition on March 2.
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👩💻 #REVIEW BITCOIN GLOBAL
I admitted that I am bullish in mid-term, time to reveal why! As you already know, fellow americans will get their stimulus package in late March - early April. Investing is in the culture of the US, so I suppose many of people will use their checks to invest in stocks and crypto.
Now let's try to track the moves of #BTC market maker. He obviously got in early and held through the pump. But did he actually swang to short? There was no big volume on top and at the beginning of the dump, so I suppose he still holds a decent amount of Bitcoins. It's really hard to close the position if you are a market maker! You need huge liquidity to convert your huge position!
Now let's try to associate huge MM long and stimulus checks - can you see what I see? This is the liquidity that MM needs! Thousands and thousands of people market buying #BTC! All market maker needs to do is push the price back up so it looks juicy to buy!
Here comes my plan for market maker in March: drive it back above $51k before the 22nd of March, pump it hard in the end of the month and keep the price on top selling on newbies that buy crypto with their checks! Actually first half of March doesn't matter, the price can drop to $35k and bounce back or it can go straight to $51k and sit there - whatever.
Now we get to the actual trading plan! I hold a lot of crypto, #BTC, #ETH, #BNB and stuff, but also have spare dollars to buy the dip. I will buy $40k - $41k and add if we get lower. The plan is to ride it hard once again and get out with market maker! If you are out of crypto, better start buying back right now, $43k is juicy price for #BTC and $1300 is a sure buy for #ETH! I hope we all have a wonderful month! 😍
I admitted that I am bullish in mid-term, time to reveal why! As you already know, fellow americans will get their stimulus package in late March - early April. Investing is in the culture of the US, so I suppose many of people will use their checks to invest in stocks and crypto.
Now let's try to track the moves of #BTC market maker. He obviously got in early and held through the pump. But did he actually swang to short? There was no big volume on top and at the beginning of the dump, so I suppose he still holds a decent amount of Bitcoins. It's really hard to close the position if you are a market maker! You need huge liquidity to convert your huge position!
Now let's try to associate huge MM long and stimulus checks - can you see what I see? This is the liquidity that MM needs! Thousands and thousands of people market buying #BTC! All market maker needs to do is push the price back up so it looks juicy to buy!
Here comes my plan for market maker in March: drive it back above $51k before the 22nd of March, pump it hard in the end of the month and keep the price on top selling on newbies that buy crypto with their checks! Actually first half of March doesn't matter, the price can drop to $35k and bounce back or it can go straight to $51k and sit there - whatever.
Now we get to the actual trading plan! I hold a lot of crypto, #BTC, #ETH, #BNB and stuff, but also have spare dollars to buy the dip. I will buy $40k - $41k and add if we get lower. The plan is to ride it hard once again and get out with market maker! If you are out of crypto, better start buying back right now, $43k is juicy price for #BTC and $1300 is a sure buy for #ETH! I hope we all have a wonderful month! 😍
Forwarded from Official VIP Group
Nigeria VP Believes Blockchain Will Replace Traditional Finance
Nigeria’s vice president, Yemi Osinbajo, shared positive opinions about crypto and blockchain in his speech at the Bankers’ Committee economic summit on Friday.
He believes that the Blockchain Technology would challenge traditional finance in more impactful ways.
In his words, Osibanjo opined “We need to be prepared for that seismic shift, and it may come sooner than later,”.
The Nigeria’s vice president moves for regulation and adoption of Crypto.
#dailynews
Nigeria’s vice president, Yemi Osinbajo, shared positive opinions about crypto and blockchain in his speech at the Bankers’ Committee economic summit on Friday.
He believes that the Blockchain Technology would challenge traditional finance in more impactful ways.
In his words, Osibanjo opined “We need to be prepared for that seismic shift, and it may come sooner than later,”.
The Nigeria’s vice president moves for regulation and adoption of Crypto.
#dailynews
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Bitcoin weekly returns show patterns similar to March seasonality setting in earlier than historically. However, it could also indicate a further price decline in March.
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Gate is having the sale of Alpha5 (A5T) at the moment. 200K A5T are available at $0.75 per token. In order to participate users are required to hold 100+ GT. A5T trading will go live on Gate on March 1, 12:02 PM UTC.
Alpha5 is an advanced crypto derivatives exchange with Spread Markets for both BTC & ETH.
Alpha5 is an advanced crypto derivatives exchange with Spread Markets for both BTC & ETH.
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Dora Factory has closed its second private fundraising round. The amount raised is not disclosed. OKEx BlockDream Fund, Signum Capital, CMS Holdings, Fundamental Labs, Hypersphere, LongHash, PAKA, NEO EcoFund, Spark Digital Capital, SevenX Capital, Gate, JRR, Lotus Capital, The LAO and DuckDAO are among participants.
Dora Factory aims to build an open DAO-as-a-Service infrastructure for on-chain governance and open source ventures.
Dora Factory aims to build an open DAO-as-a-Service infrastructure for on-chain governance and open source ventures.
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Rakuten now lets users shop with cryptocurrency in Japan. According to a recent announcement, users of e-commerce giant Rakuten's cryptocurrency wallet can now exchange BTC, ETH, BCH for the firm’s e-money, Rakuten Cash, to charge its Pay app and Point credit card.
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Gate will host a public sale of Aluna Social (ALN) on March 2. Allocation worth $100k will be offered proportionally to DAO holders. In order to participate users are required to stake 15k DAO token for 10 days period.
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Some of the upcoming token generation events you should know about.
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ETHA Lend partners with Clover to expand its DeFi yield optimization protocol to Polkadot. Clover enables ETHA LEND’s Ethereum based codes and logic to be compatible with all environments on the Polkadot Parachains. ETHA Lend has built a yield optimization protocol on Ethereum and intends to expand to Polkadot.
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DAFI Protocol announced public sale on DAO Maker. Date and details TBA. DAFI has raised $0.9M during private fundraising round in February. The startup aims to enable every protocol & platform to create a synthetic flavour from their native token.
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XEND Finance parters with Biconomy to reduce gas fees for its users. Biconomy will help improve the XEND Finance platform and make it more user friendly by allowing the protocol to handle all gas fees.