#BITCOIN WEEKLY TF UPDATE :

#BITCOIN this week candle also going with the same move, price moved all the way lower and now recovered leaving a large wick down. Weekly candle now closing bullish and expecting a hit towards the $65,000 level. Price still inside these zone, and looking for a breakout either side.

It appears that GAL has rebounded from the support area as anticipated. If you have already taken a long position, it is recommended to keep holding on to it with a tight stop loss. There is a possibility that we may witness a further upward movement towards the local resistance area. Please note that the support and major resistance areas remain unchanged.

Local Resistance area: $4.10-$4.20

#DXY UPDATE :

#DXY performed exactly with a retest and now closed over it. Now, if it bounced from here, then we'll see some strong correction in the market. A candle closing below will open up the room for 103.80% level of support. A strong move is expected by next week, so eyes on Daily candles

Educational Post

What Are Crypto Pre-Markets?

Since the crypto markets operate 24/7, the term pre-market has a different meaning. Crypto pre-markets refer to trading platforms where investors can trade tokens before they are officially launched or distributed to the general public.

Typically, traders use crypto pre-markets to speculate on the value of tokens, buying and selling based on their projected worth post-launch. However, crypto pre-markets are not limited to tokens. In some cases, they allow the trading of "protocol points" that might serve as criteria for future airdrops.

How Do Crypto Pre-Markets Work?

Crypto pre-markets work similarly to peer-to-peer (P2P) trading platforms but are distinguished by their focus on tokens that are yet to be launched. Crypto pre-markets can offer investors an opportunity to trade tokens during the interval between the allocation announcement, token distribution, and official listing on a trading platform.

For instance, consider a new cryptocurrency project that announces the release of its token through an initial exchange offering (IEO). Before the tokens are officially distributed and listed on exchanges, the project opens a pre-market phase on a decentralized platform where early investors can trade the unreleased tokens. This trading activity provides early price discovery and liquidity, allowing traders to gauge market sentiment and set preliminary valuations for the project’s token. Centralized exchanges (CEXes) can also offer crypto pre-market trading, acting as custodians for the transactions.

#PRA
#FORTH/USDT analysis -

#FORTH is currently in an uptrend and trading above the support zone. It is anticipated that the price will continue its upward trend and test its previous swing high. The price has already broken out of the trend, so now wait for a confirmation by the breakout of the $4.977 level before considering a long position.

TF : 1D
Entry : $4.977
Target : $8.966
SL : $3.398
@RG_Analitics
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NUPL helps identify the Euphoria phase in a bull market when unrealized profits exceed half the market capitalization (NUPL > 0.5).

In the previous cycle (2020-21), this phase occurred 8.5 months after the #Bitcoin halving and lasted for about 10.5 months.

But in this cycle, NUPL crossed 0.5 around 6.5 months before the halving, indicating a notable change. The introduction of US ETFs played a significant role, accelerating price action and shaping market dynamics.

Miner revenues are similarly seeing a diminishing growth rate when denominated in USD, but a net expansion in absolute size. Cumulative miner revenue topped a staggering $3B over the past four years, increasing by an order of magnitude over the prior Epoch.

#PRA
#TKO/USDT analysis -

#TKO is in an uptrend, making higher highs (HHs) and higher lows (HLs) above the 200ema. The price is currently trading over the support zone and expected to bounce back, continuing its bullish momentum. Look for a breakout of the $0.4963 level to go long, targeting the previous swing high. 🚀💪

TF : 1D
Entry : $0.4963
Target : $0.7582
SL : $0.3558
@RG_Analitics
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#ETH UPDATE :

#ETH approaching towards the resistance and in the higher TF (Daily TF), we can see falling wedge pattern forming, where breakout is still pending. Well, the price looks kinda consolidating alot, and a good sign too. A breakout will the market in the all-season, so eyes on the breakout and #BTC.D too.

#KEY just in the few hours of push and made it 1st target of $0.07549, which is around 12.84% in profits. Its time to secure some profits right here and hold the rest to further targets.

#BOND strongly rejected from the support and hit the 1st target easily, around $12.91% in profits. The calls were given in perfect time with dip and now going well. Book the profits and stay tuned for further signals.

#BOND in #BTC also jumped near the 1st target and made a high nearly around 14.63% in profits... 🚀🚀🚀

#BTC.D flipped the area to the upside again 👀

KEY made a high of $0.07549 today, the first Target achieved. That is more than 12% profit in spot pair and 128% profit with 10x leverage on futures. You can book some profit on future position or hold with trailing Stop loss.

BOND achieved the first Target in BTC pair and printed more than 12% profit from our entry. Increase stop loss and hold the trade for maximum profit.

BOND made a high of $3.28 today and that is more than 13% profit from our entry on spot and more than 130% profit with 10x leverage. Our technical analysis team always tries to find the best setups with good fundamentals. Pin our channel on top to never miss a signal and share it with your loved ones. Let's earn together 😊

ALT analysis:

Price is currently trading in a downtrend channel while respecting support and resistance lines. The price must break and close above the $0.40 level to gain some bullish momentum. It is better to wait for new entries for now.

EDUCATIONAL POST

Exploring Uniswap and PancakeSwap: A Beginner's Guide

 

EDUCATIONAL POST

Exploring Uniswap and PancakeSwap: A Beginner's Guide

 

#PRA
#TWT/USDT analysis -

#TWT is in a downtrend as the price is trading below the 200ema. After breaking down the 200ema and the support zone, the price is now trading below it. Currently, the price is facing rejection at the resistance zone and is expected to decline further. Wait for a break of the $1.1083 level to go short. 📉💪

TF : 4h
Entry : $1.1083
Target : $0.9308
SL : $1.2229
@RG_Analitics
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