🪙 #BTCUSDT
After a brief period, BTC formed a small sideways movement, accumulating liquidity.
In the upper part, we're looking at levels of $37,950 and the range $38,700-38,550. For the lower clusters - the zone is $35,200-35,000 and $34,000.
Bitcoin dominance: 52.26%;
Fear and Greed Index: 73 (greed);
Altseason Index: 35;
Market capitalization: $1.38 trillion.
After a brief period, BTC formed a small sideways movement, accumulating liquidity.
In the upper part, we're looking at levels of $37,950 and the range $38,700-38,550. For the lower clusters - the zone is $35,200-35,000 and $34,000.
Bitcoin dominance: 52.26%;
Fear and Greed Index: 73 (greed);
Altseason Index: 35;
Market capitalization: $1.38 trillion.
BTCUSD, 30-minute timeframe chart
BTCUSD formed a bearish Hammer pattern
👉 Level explanation
BTCUSD has been trading in a bullish trend within the last day. The pair moved up to the resistance level of 70,700.00.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 70,620.00.
Set your Stop Loss at 71,560.00 above the previous high ($9.40 loss for 0.01 lot) and Take Profit at 69,680.00 ($9.40 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Stay Tune
BTCUSD formed a bearish Hammer pattern
👉 Level explanation
BTCUSD has been trading in a bullish trend within the last day. The pair moved up to the resistance level of 70,700.00.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 70,620.00.
Set your Stop Loss at 71,560.00 above the previous high ($9.40 loss for 0.01 lot) and Take Profit at 69,680.00 ($9.40 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Stay Tune
TODAY IS THE "GOOD FRIDAY" 📣
Most of the central banks were on their leave due to "Good Friday" including the xauusd!
US Shares: closed
EU Shares : closed
Metals : closed
Indices : closed
The currencies pair are running a bit but the gold markets are totally off running. There's nothing we can do with the markets now, so take this advantages to do some backtest or study about the market!
Stay Tune.
Most of the central banks were on their leave due to "Good Friday" including the xauusd!
US Shares: closed
EU Shares : closed
Metals : closed
Indices : closed
The currencies pair are running a bit but the gold markets are totally off running. There's nothing we can do with the markets now, so take this advantages to do some backtest or study about the market!
Stay Tune.
Most of the 2.0M BTC with a cost basis above $61.2k have changed hands recently, as owners sold them to lock in profits. SOPR metrics, which describe this behavior, have all reached relative highs, indicating a surge in profit-taking activity in spot markets, particularly with our Entity-Adjusted variant approaching levels seen during the 2021 bull market peak.
This suggests an increase in both the volume and extent of profit-taking activity in spot markets.
😄😄🤑🤑
This suggests an increase in both the volume and extent of profit-taking activity in spot markets.
😄😄🤑🤑
💸 USDJPY remains near a multi-decade high
The Japanese yen (JPY) gained 0.04% on Friday amid very low trading activity due to the Good Friday holiday in the U.S.
👉Possible effects for traders
USDJPY has been trading sideways for over a week after rising into a critical resistance zone of 151.000–152.000 range. The decision by the Bank of Japan (BOJ) to raise its base rate by 10 basis points (bps) and end its ultra-loose monetary policy has failed to support the national currency. However, investors are reluctant to place large long positions in USDJPY at this point due to the fear of interventions by Japanese authorities.
Previously, the BOJ intervened in the currency market in September and October 2022 as the Japanese yen slipped towards a 32-year low of 152 against the U.S. dollar. Indeed, Japanese Finance Minister Shunichi Suzuki said, 'We will watch currency market developments with a strong sense of urgency and will respond appropriately against excessive moves without ruling out any options.' Fundamentally, the pressure on USDJPY may be turning bearish as rate cuts by the Federal Reserve (Fed) are already largely priced in, while the Japanese authorities are ready to intervene and prevent any further JPY depreciation.
USDJPY was essentially flat during the Asian and early European trading sessions. Today, traders should focus on the publication of the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) at 2:00 p.m. UTC. If the report is stronger than expected, USDJPY may slightly rise—probably no higher than 151.800. However, USDJPY may experience a sharp downward correction, possibly towards 150.000, in case of weaker-than-expected PMI figures.
Stay Tune.
The Japanese yen (JPY) gained 0.04% on Friday amid very low trading activity due to the Good Friday holiday in the U.S.
👉Possible effects for traders
USDJPY has been trading sideways for over a week after rising into a critical resistance zone of 151.000–152.000 range. The decision by the Bank of Japan (BOJ) to raise its base rate by 10 basis points (bps) and end its ultra-loose monetary policy has failed to support the national currency. However, investors are reluctant to place large long positions in USDJPY at this point due to the fear of interventions by Japanese authorities.
Previously, the BOJ intervened in the currency market in September and October 2022 as the Japanese yen slipped towards a 32-year low of 152 against the U.S. dollar. Indeed, Japanese Finance Minister Shunichi Suzuki said, 'We will watch currency market developments with a strong sense of urgency and will respond appropriately against excessive moves without ruling out any options.' Fundamentally, the pressure on USDJPY may be turning bearish as rate cuts by the Federal Reserve (Fed) are already largely priced in, while the Japanese authorities are ready to intervene and prevent any further JPY depreciation.
USDJPY was essentially flat during the Asian and early European trading sessions. Today, traders should focus on the publication of the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) at 2:00 p.m. UTC. If the report is stronger than expected, USDJPY may slightly rise—probably no higher than 151.800. However, USDJPY may experience a sharp downward correction, possibly towards 150.000, in case of weaker-than-expected PMI figures.
Stay Tune.
#BTC still moving over the support and consolidating and with that, price rejecting both side from the top and bottom to. Well, there's most chances of getting strong reversal from here and market start trending again. Ig you're holding any alts position, try to stay there as we can see a jump by this weekend.
Privacy Coins
Privacy coins are a type of cryptocurrency that prioritizes user privacy and anonymity. These coins use advanced features like stealth addresses, ring signatures, zero-knowledge proofs, and coin mixing to protect users' identities and transaction history from being traced or monitored.
Stealth addresses, for example ensure each transaction is sent to a unique, one-time address, making it difficult to link multiple transactions to a single user. Ring signatures on the other hand, allow a group of users to sign a transaction together, making it impossible to determine which individual initiated it.
Zero-knowledge proofs enable the validation of transactions without revealing any sensitive information, while coin mixing combines multiple transactions into a single transaction, making it difficult to trace the origin of the funds.
Popular examples of privacy coins include Monero (XMR), Zcash (ZEC), and Dash (DASH).
Privacy coins are a type of cryptocurrency that prioritizes user privacy and anonymity. These coins use advanced features like stealth addresses, ring signatures, zero-knowledge proofs, and coin mixing to protect users' identities and transaction history from being traced or monitored.
Stealth addresses, for example ensure each transaction is sent to a unique, one-time address, making it difficult to link multiple transactions to a single user. Ring signatures on the other hand, allow a group of users to sign a transaction together, making it impossible to determine which individual initiated it.
Zero-knowledge proofs enable the validation of transactions without revealing any sensitive information, while coin mixing combines multiple transactions into a single transaction, making it difficult to trace the origin of the funds.
Popular examples of privacy coins include Monero (XMR), Zcash (ZEC), and Dash (DASH).
Capital Inflows 🟦 when the cost basis of the 1w-1m holders trades above the 1m-3m cost basis. This underscores a positive momentum in demand, and, attracting new capital into the market.
Capital Outflows 🟪 when the cost basis of the 1w-1m holders plunges below the 1m-3m cost basis. This structure signals a diminishing momentum in the demand side, and a net capital outflow from the asset.
During previous bull markets, a negative capital flow structure has occurred up to five times. We can also see that this structure has been in play since May and into early June.
Capital Outflows 🟪 when the cost basis of the 1w-1m holders plunges below the 1m-3m cost basis. This structure signals a diminishing momentum in the demand side, and a net capital outflow from the asset.
During previous bull markets, a negative capital flow structure has occurred up to five times. We can also see that this structure has been in play since May and into early June.
📊The NFP report will define the XAUUSD trend
After the sharp rise on Wednesday, the gold (XAU) price declined by 0.03% on Thursday and consolidated within the $2,350–$2,360 range.
👉 Possible effects for traders
Traders are eagerly awaiting the release of the U.S. Nonfarm Payroll report today at 12:30 p.m. UTC, which will be a key factor in the Federal Reserve (Fed) decision regarding potential interest rate cuts. U.S. economic data over the past couple of weeks have significantly increased hopes for a rate reduction as early as September, and many investors expect today's report to support this outlook. Based on these anticipations, XAUUSD started to move upwards confidently. Gold has been rising throughout the week, benefiting from weak U.S. macroeconomic data. If today's employment data confirms a slowdown in the U.S. economy, expectations for a rate cut in September could exceed 80%, potentially pushing the price of gold towards $2,400. Currently, traders are pricing in about a 73% chance of a rate cut in September, according to the CME FedWatch Tool.
XAUUSD is consolidating and seems ready to rise. The pair may break above $2,400 and possibly rise towards $2,450. However, according to the minutes of the last Fed meeting, officials decided to avoid premature conclusions and seek more data. Additional bullish impetus for gold could come from geopolitical risks, particularly the situation in the Middle East. The conflict between Israel and Hamas has somewhat cooled but is yet to be resolved. As reported by Reuters: ‘Israeli Prime Minister Benjamin Netanyahu told U.S. President Joe Biden on Thursday he has decided to send a delegation to resume stalled negotiations on a hostage release deal with Hamas, their administrations said’.
Today, traders should prepare for increased volatility. The NFP report will come out at 12:30 p.m. UTC and define the XAUUSD trend movement. If the employment data reveals a softening labour market, the pair could rise towards $2,380–$2,390. Otherwise, the price may drop towards the support level of $2,350.
After the sharp rise on Wednesday, the gold (XAU) price declined by 0.03% on Thursday and consolidated within the $2,350–$2,360 range.
👉 Possible effects for traders
Traders are eagerly awaiting the release of the U.S. Nonfarm Payroll report today at 12:30 p.m. UTC, which will be a key factor in the Federal Reserve (Fed) decision regarding potential interest rate cuts. U.S. economic data over the past couple of weeks have significantly increased hopes for a rate reduction as early as September, and many investors expect today's report to support this outlook. Based on these anticipations, XAUUSD started to move upwards confidently. Gold has been rising throughout the week, benefiting from weak U.S. macroeconomic data. If today's employment data confirms a slowdown in the U.S. economy, expectations for a rate cut in September could exceed 80%, potentially pushing the price of gold towards $2,400. Currently, traders are pricing in about a 73% chance of a rate cut in September, according to the CME FedWatch Tool.
XAUUSD is consolidating and seems ready to rise. The pair may break above $2,400 and possibly rise towards $2,450. However, according to the minutes of the last Fed meeting, officials decided to avoid premature conclusions and seek more data. Additional bullish impetus for gold could come from geopolitical risks, particularly the situation in the Middle East. The conflict between Israel and Hamas has somewhat cooled but is yet to be resolved. As reported by Reuters: ‘Israeli Prime Minister Benjamin Netanyahu told U.S. President Joe Biden on Thursday he has decided to send a delegation to resume stalled negotiations on a hostage release deal with Hamas, their administrations said’.
Today, traders should prepare for increased volatility. The NFP report will come out at 12:30 p.m. UTC and define the XAUUSD trend movement. If the employment data reveals a softening labour market, the pair could rise towards $2,380–$2,390. Otherwise, the price may drop towards the support level of $2,350.
HAPPY WEEKEND EVERYONE ⛅️
Believe it or not, forex will provide you with unimaginable opportunities if and when you get it right 💸
These are the types of posts the majority obsess over, now that I’ve got your attention, if you are still struggling, lacking motivation and questioning the industry
Just know that anybody can do it, it is possible and it is real. Keep going, put your head down and focus because your breakthrough is around the corner.
Remember, everybody’s learning curve is different. What I can tell you though, is finding a mentor will definitely shorten it 🔌
For those still struggling, just show up on a daily basis, put in the work and it WILL PAY OFF 💎
I will do my best to help and guide you guys to grow in this industry. So take this chance, stick close to me, and follow my instructions correctly.
“Same mission, different approach”
See you next week guys, we’ll gain our profit and minimise our lose, enjoy your weekend fam
Believe it or not, forex will provide you with unimaginable opportunities if and when you get it right 💸
These are the types of posts the majority obsess over, now that I’ve got your attention, if you are still struggling, lacking motivation and questioning the industry
Just know that anybody can do it, it is possible and it is real. Keep going, put your head down and focus because your breakthrough is around the corner.
Remember, everybody’s learning curve is different. What I can tell you though, is finding a mentor will definitely shorten it 🔌
For those still struggling, just show up on a daily basis, put in the work and it WILL PAY OFF 💎
I will do my best to help and guide you guys to grow in this industry. So take this chance, stick close to me, and follow my instructions correctly.
“Same mission, different approach”
See you next week guys, we’ll gain our profit and minimise our lose, enjoy your weekend fam
XAUUSD, 15-minute timeframe chart
XAUUSD formed a bullish Three White Soldiers pattern
👉 General outlook
XAUUSD has been trading in a bearish trend within the last day. Now, the price displays a bullish Three White Soldiers pattern.
👉 Possible scenario
The best way to use this opportunity is to place a Buy order at 2,330.00.
Set your stop loss at 2,322.00 below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,338.00 ($8.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
XAUUSD formed a bullish Three White Soldiers pattern
👉 General outlook
XAUUSD has been trading in a bearish trend within the last day. Now, the price displays a bullish Three White Soldiers pattern.
👉 Possible scenario
The best way to use this opportunity is to place a Buy order at 2,330.00.
Set your stop loss at 2,322.00 below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,338.00 ($8.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
#BTC kept on moving nearby its resistance area and made a small range. Nothing much happening and just couple of news, moving market back and forth.
Here's the Analysis of #JTO :
#JTO is been consolidating and wicking too, lying on the support zone of $3.68 - $3.74. Price is been very corrective while reaching the support area, where a bounce can expected from there with the trendline confluence. Take the risk accordingly with proper risk management.
#JTO is been consolidating and wicking too, lying on the support zone of $3.68 - $3.74. Price is been very corrective while reaching the support area, where a bounce can expected from there with the trendline confluence. Take the risk accordingly with proper risk management.
#SEI looks like its trying to break of the channel pattern and still holding the bullish market structure. Not a good reason for going into shorts, the final support is at $0.34, which is also a flip area.
The market conditions seen in Q2-Q3 2021, a much more significant Short-Term Holders experienced a much more significant duration of 70 consecutive days in acute financial stress. That period of time was severe enough to break investor sentiment, and gave way to the destructive 2022 bear market. By comparison, this cycle has been relatively forging for the time being.
What Is Simple Ledger Protocol (SLP) on Bitcoin Cash?
Simple Ledger Protocol (SLP) is a token system that works on top of Bitcoin Cash. It allows users to create their own tokens to represent anything they can dream of - coupon codes, loyalty points, concert tickets, and more. SLP tokens can be sent and received just like regular BCH, and they can even be spent at places that accept them.
How Does SLP Work?
SLP tokens are created by attaching little bits of information to Bitcoin Cash transactions using something called OP_RETURN. This information allows wallets to keep track of tokens and verify that they are legitimate. SLP tokens benefit from the security of the Bitcoin Cash blockchain, which makes them more secure than other token systems that require their own blockchain.
What Can I Use SLP Tokens for?
SLP tokens can be used for all kinds of creative things. Some examples include:
Loyalty points to reward your best customers
Money in an online game world
Custom tickets for your band's next show
Wallets like Badger make it easy to manage your tokens. As more people start using SLP, we're sure to see more new ideas sprouting up.
Which Wallets Support SLP Tokens?
Most wallets built for Bitcoin Cash now support SLP tokens in some form. Popular choices include Badger, Electron Cash SLP edition and Bitcoin.com wallet. Each one works a little differently, so do some research to find one that suits your needs.
How Do I Create My Own Custom Tokens?
Creating SLP tokens requires some technical knowledge and expertise, but it's easier than some other token systems. Here are the basic steps:
-> Come up with a name and symbol for your token.
-> Generate a new token ID to identify it.
-> Decide how many tokens you want to make.
Mint your tokens and send them out into the world using your wallet.
What Information Is Stored in SLP Tokens?
When you make an SLP token, information like the name, number of decimals and other details get baked right in. This helps wallets know the token is legit and figure out just what it is. The SLP rules say this data has to be formatted a certain way or it won't work right. Having it standardized makes the system run smoother.
Are SLP Tokens Safe from Theft and Such?
While SLP tokens benefit from the security of the Bitcoin Cash blockchain, they are not as secure as Bitcoin Cash itself because they are not the primary focus of the network's security. Developers keep working to improve security, but caution is wise when dealing with new technology like this. As with anything valuable, be smart and protect your tokens.
Simple Ledger Protocol (SLP) is a token system that works on top of Bitcoin Cash. It allows users to create their own tokens to represent anything they can dream of - coupon codes, loyalty points, concert tickets, and more. SLP tokens can be sent and received just like regular BCH, and they can even be spent at places that accept them.
How Does SLP Work?
SLP tokens are created by attaching little bits of information to Bitcoin Cash transactions using something called OP_RETURN. This information allows wallets to keep track of tokens and verify that they are legitimate. SLP tokens benefit from the security of the Bitcoin Cash blockchain, which makes them more secure than other token systems that require their own blockchain.
What Can I Use SLP Tokens for?
SLP tokens can be used for all kinds of creative things. Some examples include:
Loyalty points to reward your best customers
Money in an online game world
Custom tickets for your band's next show
Wallets like Badger make it easy to manage your tokens. As more people start using SLP, we're sure to see more new ideas sprouting up.
Which Wallets Support SLP Tokens?
Most wallets built for Bitcoin Cash now support SLP tokens in some form. Popular choices include Badger, Electron Cash SLP edition and Bitcoin.com wallet. Each one works a little differently, so do some research to find one that suits your needs.
How Do I Create My Own Custom Tokens?
Creating SLP tokens requires some technical knowledge and expertise, but it's easier than some other token systems. Here are the basic steps:
-> Come up with a name and symbol for your token.
-> Generate a new token ID to identify it.
-> Decide how many tokens you want to make.
Mint your tokens and send them out into the world using your wallet.
What Information Is Stored in SLP Tokens?
When you make an SLP token, information like the name, number of decimals and other details get baked right in. This helps wallets know the token is legit and figure out just what it is. The SLP rules say this data has to be formatted a certain way or it won't work right. Having it standardized makes the system run smoother.
Are SLP Tokens Safe from Theft and Such?
While SLP tokens benefit from the security of the Bitcoin Cash blockchain, they are not as secure as Bitcoin Cash itself because they are not the primary focus of the network's security. Developers keep working to improve security, but caution is wise when dealing with new technology like this. As with anything valuable, be smart and protect your tokens.
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EURUSD, 15-minute timeframe chart
EURUSD retested the resistance level of 1.10470
👉General outlook
EURUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.10470.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.10460.
Set your stop loss at 1.10630 above the previous high ($1.5 loss for 0.01 lot) and take profit at 1.10285 ($1.5 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.03.
The upcoming news will not influence your orders within the mentioned period.
EURUSD retested the resistance level of 1.10470
👉General outlook
EURUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.10470.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.10460.
Set your stop loss at 1.10630 above the previous high ($1.5 loss for 0.01 lot) and take profit at 1.10285 ($1.5 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.03.
The upcoming news will not influence your orders within the mentioned period.
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