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The brutal January is finally over, and the crypto market kicked off February with double-digit gains. The market is enjoying the relief, yet, it was not enough to offset the losses from the recent crash. The holders who could have bought some crypto as a part of the New Year's resolution are sitting in a loss.

But in this week's Crypto Visualized, we zoom into NFTs - the only sector in the crypto market that didn't take a beating in the first month of 2022.

We break down the extreme sales volume growth on Ethereum, and analyze whether this boom has affected the activity on the 'Ethereum killer' blockchains. We also take a closer look at the new king of the NFT market — the LooksRare marketplace — and explain why buying $LOOKS tokens may perhaps be short-sighted.

For numbers, charts and insights, read the full issue of our weekly market wrap.

Bitcoin (BTC) Daily MACD Nearly Positive After 82 Days

IN BRIEF:

✅ Bitcoin has made four attempts at breaking out from a long-term descending resistance line.

✅ The MACD has almost given a bullish signal.

✅ BTC has broken out from a short-term descending resistance line.

#BTC/USDT [ BITCOIN ]

Buy 40272.31

Targets
1) 42285
2) 43494
3) 44299
4) 45104
5) 46715
6) 47521
7) 48326
8) 49937

Stop Loss: Trailing Stop integrated in autotrading strategy.
(or manually at 34231)

🧙🏻‍♂️ MPD Breakout System Signal by @Crypto2AF® 🧙🏻‍♂️

#ALPHA/USDT [ ALPHA FINANCE LAB ]

Buy 0.4089

Targets
1) 0.4293
2) 0.4416
3) 0.4497
4) 0.4579
5) 0.4743
6) 0.4825
7) 0.4906
8) 0.5070

Stop Loss: Trailing Stop integrated in autotrading strategy.
(or manually at 0.3475)

🧙🏻‍♂️ MPD Breakout System Signal by @Crypto2AF® 🧙🏻‍♂️

#DASH/USDT [ DASH ]

Buy 101.3

Targets
1) 106.365
2) 109.404
3) 111.43
4) 113.456
5) 117.508
6) 119.534
7) 121.56
8) 125.612

Stop Loss: Trailing Stop integrated in autotrading strategy.
(or manually at 86.105)


🧙🏻‍♂️ MPD Breakout System Signal by @Crypto2AF® 🧙🏻‍♂️

Is Shiba Inu overheating after SHIB price gains 75% in two weeks?

One analyst suggests shorting the ongoing SHIB price rally brings “excellent opportunities.”

— Cointelegraph

0/ Feels so nice to cover a week in the green!
To begin with, BTC Fear and Greed index creeps up to the neutral level not seen since November as $BTC breaks through the $40k resistance and altcoin upsurge follows suit.

2/ As HODLERS continue to HODL, short-term investors keep withdrawing $BTC and $ETH from exchanges.

Bitcoin outperforms tech stocks by 12% average in last 30 days

Bitcoin has continued to outperform traditional investment vehicles with the digital asset leading over major tech stocks in the last 30 days, according to Finbold.

🔗 forkast.news

#RIF/USDT [ RSK INFRASTRUCTURE FRAMEWORK ]

Buy 0.1677

Targets
1) 0.176085
2) 0.181116
3) 0.18447
4) 0.187824
5) 0.194532
6) 0.197886
7) 0.20124
8) 0.207948

Stop Loss: Trailing Stop integrated in autotrading strategy.
(or manually at 0.142545)

🧙🏻‍♂️ MPD Breakout System Signal by @Crypto2AF® 🧙🏻‍♂️

#SUPER/USDT [ SUPERFARM ]

Buy 1.0566

Targets
1) 1.10943
2) 1.141128
3) 1.16226
4) 1.183392
5) 1.225656
6) 1.246788
7) 1.26792
8) 1.310184

Stop Loss: Trailing Stop integrated in autotrading strategy.
(or manually at 0.89811)

🧙🏻‍♂️ MPD Breakout System Signal by @Crypto2AF® 🧙🏻‍♂️

🔶 Binance Smart Chain Rebrands to BNB Chain

BNB Chain will be made up of two parts, BNB Beacon Chain and BNB Smart Chain.

— CoinDesk