#BITCOIN Finding Rates is been bullish strongly since past month, minorly goes negative. This strong commitment towards the bullishness. Well, a healthy retracement might come, as majority is going towards the buy side.

What is #Funding Rates ?

#Funding Rates refer to the fees that are paid between #traders on perpetual #futures contracts. Perpetual futures contracts are a type of #derivative contract that allows traders to bet on the future price of an #asset without actually owning it.

Funding Rates are used to maintain the price of a #perpetual futures contract to the price of the underlying asset. These fees are typically paid between #buyers and #sellers of the contract and are used to ensure that the price of the #contract stays close to the actual price of the underlying asset.

The Funding Rate is calculated every fixed period (usually every eight #hours) and is paid by traders who are on the opposite side of the contract. For example, if the Funding Rate is #positive, long positions (buyers) will pay short positions (sellers). Conversely, if the Funding Rate is #negative, short positions (sellers) will pay long positions (buyers).

The Funding Rate is determined by the difference between the current price of the perpetual futures contract and the price of the underlying pair, as well as by the current market #demand for the contract. When there is a high demand for #long positions, the Funding Rate may be positive, and when there is a high demand for #short positions, the Funding Rate may be negative.

Funding Rates are important for traders to consider, as they can have an impact on the #profitability of their trades. A high Funding Rate can eat into profits for traders who #hold their positions for an extended period, while a low Funding Rate may be an #opportunity for traders to profit.

What is Average Directional Index ?

The Average Directional Index (ADX) is a technical indicator used in financial markets to evaluate the strength and potential continuation of a price trend. Developed by J. Welles Wilder, the ADX is part of the broader family of indicators known as the Directional Movement Index (DMI).

Here are the key points about the Average Directional Index:

1. Calculation:
- The ADX is derived from the components of the DMI, specifically the Positive Directional Index (+DI) and Negative Directional Index (-DI).
- The ADX itself is calculated based on the smoothed averages of the +DI and -DI values.

2. Components:
- Positive Directional Index (+DI): Measures the strength of upward price movement.
- Negative Directional Index (-DI): Measures the strength of downward price movement.
- Average Directional Index (ADX): Represents the overall strength of the trend, combining both upward and downward movement.

3. Interpretation:
- ADX values range from 0 to 100.
- A high ADX value indicates a strong trend, while a low ADX suggests a weak or non-existent trend.
- Levels above 25 are often considered to indicate a trending market, while levels below 20 may suggest a lack of trend.

4. Usage:
- Trend Strength: Traders use ADX to determine the strength of a prevailing trend.
- Trend Direction: The +DI and -DI components help identify the direction of the trend.
- Potential Reversals: Changes in the ADX level can signal potential reversals or weakening trends.

5. Caveats:
- ADX does not provide information about the direction of the trend, only its strength.
- It is typically used in conjunction with other indicators to make more informed trading decisions.

Hers’s the Analysis of #THETA :

#THETA is been moving between the strong resistance zone of $1.03 - $1.04 and strong support zone of $0.86 - $0.88, which formed a range. Well, price is now middle of the no where so its better to wait dor the price to breakout of the mentioned zones for potentiol setups.

#BITCOIN DAILY TF UPDATE :

#BITCOIN made a minor consolidation over the small range and broke above it. Price hits the $39,000 mark, and sustaining above it, which is considered as bullish. Well, a weekly closing also equally important to us. The next resistance is at physiological level at $40,000.

We can see that conditions throughout 2023 have seen net outflows 🟥 across several cohorts, suggesting a non-uniform behavior by different investor cohorts. This broad uptick in accumulation means that strong market performance and increasingly optimistic hopes around a spot BTC ETF are improving investor confidence in the uptrend.

#FOR is been gave a nice pump to the upside and hit the 1st target easily, Price made a high of $0.0225, which is around 17.8% in profits. Time to secure some and hodl the rest

#FOR in #BTC pair also preformed the same and made a high of 58 Satoshi's which is around 12.6% in profits.

#UTK made a slow push to the upside and hovering nearby its resistance area. Price hits out the 1st TP at $0.0821 and made a high of $0.0910, which is around 24.15% in profits. Secure some here and move the stops with increasing market price.

#UTK in #BTC Pair also performed the same and hit the 1st target of 224 Satoshi's. Price made a high of 234 Satoshi's which is 17% in profits. I hope You enjoying the free signals out there.

#DATA made a quick shot to the upside and goes just above the 1st Take-Profits area and made around 15.6% in profits. Trail the stops with swing points in the market.

#DATA in #BTC pairs also moved with making a high of 83 Satoshi, which is 12.5% in favor. I hope you secured some at the top.

Here's the Analysis of #ROSE :

#ROSE is been had a fakeout over the major resistance zone of $0.084 - $0.086 and retesting the zone again. Well, there's the strong support area around $0.0811 - $0.0818, where price could forma range. a Break below will have a clean range to the downside around $0.0729 for scalping and Buys only come after the break of Major Resistance.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, surpassing the resistance area giving a strong indication of bullishness in the market. If this Weekly Candle closes above the zone, then a retest back to the level is expected and next impulsive move to the upside with the buyers confidence.

#DXY goes what expected and formed a new Lower Low in the Market. Index retested the zone as resistance and rejected too. Similar is expected with the Monday Market Open to reach near the Major support level. On the H4 TF, it also showing bearishness, so market could have a little more room to pump.

Here's the Analysis of #BAKE :

#BAKE is been sell-off from the strong resistance area of $0.185 - $0.188 and approaching towards the Major Support Zone of $0.156 - $0.159. On H4 TF price looks strongly bearish and might not gonna have the retracement, so better wait for the price to reach the major support.

#BITCOIN just surpassed all its resistance area and entered the Major Resistance zone of $40,800 - $42,000. This Zone was pretty strong enough back in 2021 and 2022, so have an eye on this level. Also, there's a strong weekly closing over the zone, which might goes in buys favor in upcoming week.