#BTC trying to breakout of the resistance zone and getting rejection after rejection with no Daily Candle Closure. Well, This kinda formed new consolidation range and wait for see for a breakout.

#RUNE is been give a rejection with the Daily Candle Close and if you took shorts as per our analysis then you’re in 6.2% profits. Its time to move the stops at BE or nearest swing High and Hodl

With this Chart, Realized Profit and Loss are similarly at levels equivalent to the 2020 market, highlighting what is arguably a complete and total wash-out of the exuberance from the 2021 Bull market.

What is Race Attack ?

A race attack, in the context of cryptocurrency or blockchain technology, is a type of security vulnerability or exploitation that occurs when an attacker attempts to manipulate a blockchain network's consensus mechanism by submitting multiple conflicting transactions with the aim of double-spending their digital assets.

In a race attack, the attacker tries to create confusion within the network by broadcasting two conflicting transactions at nearly the same time. One of these transactions typically involves sending cryptocurrency to a legitimate recipient, while the other sends the same cryptocurrency back to the attacker's wallet or address. The objective is to deceive the network into accepting both transactions simultaneously, allowing the attacker to spend the same funds twice.

The success of a race attack often depends on the speed at which the attacker can propagate these conflicting transactions across the network. If the attacker can spread the double-spending transactions quickly enough, there is a higher chance of both transactions being included in a block.

To mitigate the risk of race attacks, blockchain networks typically employ consensus mechanisms like proof of work (PoW) or proof of stake (PoS), which prioritize the transaction that is first confirmed and included in a block. As a result, only one of the conflicting transactions will ultimately be accepted by the network, while the other will be rejected.

It's important to note that the effectiveness of race attacks varies depending on the blockchain's specific consensus rules and transaction confirmation times. As such, blockchain developers and users need to be aware of the potential vulnerabilities associated with race attacks and implement appropriate security measures to minimize their risks.

#ETH Market Analysis :

#ETH hover below the major resistance zone of $1685 - $1703 for long time and made a Inverse Head and Shoulder Pattern. Price flipped above the resistance zone (Grey Box) around $1640 - $1645 and may give a retest of the Major Resistance again and expected a dump in price.

#BTC did gave a breakout and hodling above it. On Daily TF if we see, We have a close below but a long wick which shows rejection too. If today's Daily Candle sustain above the zone then we can see more upmove in coming days.

#BTC.D is been going as per plan, altcoin made a short term dump and currently pushing with the #BTC, irrespective of this chart. Well, this can reverse anytime as #BTC sustains at any level or rollback.

We can also track this on-chain illiquidity and apathetic sentiment by observing the proportion of wealth held in the most active and liquid subsection of the market, the ‘Hot Supply’ cohort (coins moved within the last week).

The realized value held in this 'Hot Supply' cohort old resides at historical lows, suggesting that very few coins which are older than 1-week are transacting at present.

What is Seed Phrase ?

A seed phrase is a collection of words that can be used to access your cryptocurrency wallet.

You’ll often hear the terms mnemonic seed or mnemonic phrase used to describe the same idea. Some believe that these are poor descriptors, however, as they imply that the phrase needs to be memorized.

Introduced in Bitcoin with BIP39, seed phrases provide users with an easier way of backing up their wallets. If you’ve used a wallet previously, you’ve likely been prompted to write down 12-24 random words.

If ever you lose access to your wallet, these can be loaded into any BIP32-compatible wallet to recover your funds. There are 2048 words on the BIP39 wordlist, meaning that a string of 12 words would have 128 bits of security. This means that an attacker would need to perform 2128 operations to guess a 12-word seed. It may look like a small number, but it certainly isn’t. It’s practically infeasible for even the most well-resourced attackers to crack this sequence (for now). The longer the seed, the more secure it is.

Seed phrases – as opposed to private keys – leave less room for human error when it comes to backups, as they're easier to record and transmit. Better still, they’re capable of generating not just one, but a colossal amount of keys from a master one. This allows users to avoid address reuse as, with a single seed, they can create a seemingly infinite number of receiving addresses.

Seed phrases are not cryptocurrency-specific. They can be used across hundreds, so that one seed can actually be used to recover an entire portfolio of coins and tokens. The majority of leading wallets allow the user to recover their funds with a seed phrase, provided they have correctly recorded it.

Here's the Analysis of #WLD :

#WLD is been recently listed in #binance so there's a bit of less data. So far price in rejected from the resistance zone of $1.65 - $1.68 and is been hovering over the support zone of $1.31 - $1.35. Well, we get a shorting opportunity if this support break.

#BTC is been able to sustain above the zone and made a new Higher High. Well, now we can say, price can be short-term bullish till nearby $28,000 Resistance. Nothing Much on the charts, infact today is #FOMC Press Conference, which might give an aggressive to either side. So, have an eye on it.

Notice of Removal of Trading Pairs - 2023-09-22

https://www.binance.com/en/support/announcement/c314977b8eb74f6e9c1d1b4b12bceffb

"The Long-Term Holder cohort now holds a record 14.74M #BTC, reflecting strong conviction. In contrast, the Short-Term cohort's supply, the more active market participants, is at its lowest since 2011. HODLing is the prevailing trend, with existing holders showing conviction."

What is Snapshot ?

Traditionally, the term snapshot refers to the ability to record the state of a computer system or storage device at a specific point in time. In cryptocurrencies, a snapshot is often describing the act of recording the state of a blockchain on a particular block height. In this case, the snapshot records the contents of the entire blockchain ledger, which includes all existing addresses and their associated data (transactions, fees, balance, metadata, and so on).

Snapshots are commonly used during airdrops events before each round takes place. During an airdrop, tokens are distributed based on the balance of each blockchain address. In this case, snapshots are taken to record the balance of each token holder, at a specific point in time (i.e., block height). In most cases, users can move their funds after the snapshot is taken, without compromising their eligibility to participate in that round of distribution.

Snapshots are also important during blockchain hard forks, as they mark the block height in which the main chain will be recorded before giving birth to the new chain. For instance, when the Bitcoin Cash hard fork took place (on August 1st, 2017), every blockchain address that had Bitcoins at block 478,558, had the balance copied on the Bitcoin Cash blockchain. The reason for that is because both blockchains share the same historical data prior to the fork. As soon as the split is done, each blockchain network will operate independently.

Here's the Analysis of #STORJ :

#STROJ continues to print new Higher Highs and Higher Lows irrespective or the market scenarios. Price moving inside the channel and might gonna hit the major resistance area of $0.486 - $0.502. Alternatively, if price break below the channel, then we can look for shorting opportunities.

Notice of Addition & Removal of Trading Pairs - 2023-09-22
https://www.binance.com/en/support/announcement/fe93095a80944d31b42fa7eb2afdb12c

#BTC doesn't played wild move with the news. Price just breaking the trendline, which is sign of bearishness and price needs to hodl above the $26,500 mark, to maintain its bullish structure. Anticipating low volume till this weekend.