Notice of Removal of Spot Trading Pairs - 2024-05-10
https://www.binance.com/en/support/announcement/04be5fb46fe84e2eadc01fbc2c445cfa

Nothing much happened in #BTC and still moving in a small range. Price still made a lower low and expected a dip to $61,130 and lower. Its mid week now and you can expect some movement by the weekend as there might be a fundamental plays.

#GAL bounced form the support zone around 8% in profits but due to market conditions, price dipped ack to the zone and now approaching towards the trendline. A bounce is expected through the zone, and in case previous positions are still opened, use stops below previous swing low.`

If we inspect the breakdown of this metric by wallet sizes, we can complete a more detailed assessment. Here we see a distinct uptick in net outflows 🟥 across all cohorts throughout April, suggesting a consistent sell-side pressure across the board.

Here's the Analysis of #ALT :

#ALT broken the major level around $0.349 - $0.360, which will work as the major resistance area. Market is again look bearish at the moment, so price expected to reach the support around $0.29 - $0.30, where buys can be take along with the market conditions.

#BTC going perfectly as planned, price made a dip down towards the support zone of $61,100 level and rejected very precisely too. Now, expected a good retracement from here and even a breakout to the upside. Plan your trades accordingly with the movement.

#BTC.D again made a flip to the upside, and we already got some signals that market could fall again. Well, Index is very choppy at the moment and bounced from the trendline made its way to the upside. Its better to wait for it to flip again.

What's is #NUPL (Net Unrealized Profit/Loss) ?

NUPL (Net Unrealized Profit/Loss) looks at the difference between Unrealized Profit and Unrealized Loss to determine whether the network as a whole is currently in a state of profit or loss. Net Unrealized Profit and Loss (#NUPL) is the difference between market cap and realized cap divided by market cap.

Assuming that the latest #coin movement is the result of a purchase, #NUPL indicates the total amount of profit/loss in all the coins represented as a ratio.

It could be interpreted as the #ratio of investors who are in profit.

To make it Simpler for you, Any Values over '0' indicate investors are in #profit and an increasing trend in value means more #investors are beginning to be in #profit.

This phase indicates the increasing reason to take #profit which leads to an increase in sell pressure.

In this bull market, US Spot ETF momentum has notably impacted price action, as seen through the Net Unrealized Profit & Loss (NUPL) metric. NUPL measures net paper profits (or losses) normalized by market cap.

When NUPL exceeds 0.5, it signals the Euphoria phase of a bull market. In the current cycle, NUPL surpassed 0.5 about 6.5 months before the halving, compared to 8.5 months in the 2020-21 cycle. This shift underscores the ETF's role in accelerating price action by introducing significant demand into the market.

Here's the Analysis of #WLD :

#WLD is been rejected hard from the Strong Resistance Area of $6.37 - $6.42 and missed from the a key level of support around $5.12 - $5.17. Price strongly looks bearish at the moment, its better tot wait for the price to tap into the support zone for potential buys or buy continuation will come after the market structure shift.

#BTC tapped in and perfectly reversed from the support. Well, market is still not clear but chart shows a market structure shift in price. So, expecting the price to reach out the other end which is at resistance area $64,800 - $65,000.

#GOLD Analysis :

#GOLD is been riding up with the Symmetrical Pattern Break and hits the Strong Resistance Area of $2,358 - $2,363. Well, if price gives a flip above the resistance then it will open up room for the next leg up there at resistance around $2,400. Rejection must come with in Daily TF, so looks bearishness in price.

The Euphoria phase (NUPL>0.5) has lasted 7 months in this bull market. Corrections are common, offering insights into investor sentiment. We've analyzed two conditions:
1. Relative Unrealized Profit 🟢 > 0.5, indicating widespread gains.
2. Relative Unrealized Loss 🔴 > 0.01, showing significant pressure on investors during corrections.

As illustrated in the charts below, such correction events are common in all bull markets. Since reaching the ATH at $73.1k, this pattern has occurred in three separate retracements to the ~$60k zone.

What Are Repair Miners?

Repair miners are a proposed type of mining node within the Filecoin network. They are distinct from two other types of miners: storage miners and retrieval miners. Note that repair miners are a feature of the Filecoin network that has not yet been implemented.

Filecoin’s developers have defined repair nodes as a type of node that facilitates “network self-healing.” To understand this, we can consider the structure of Filecoin, a decentralized system for data storage, and some aspects of the network’s operations.

In the Filecoin network, data is stored in sectors, which are each of a fixed size. Storage miners fill these sectors with data that is stored on behalf of their clients, who contract the storage miners’ services for a particular period of time. These contracts between storage miners and their clients are referred to as deals. Repair miners are envisioned as a third actor that could ultimately intercede in the case of an unreliable storage miner and help address the risks posed by this.

Here's the Analysis of #BLZ :

#BLZ is been rejected strong and moving lower from the resistance trendline. Currently, there's no key level nearby, only the major support zone area of $0.285 - $0.290. Better to wait for the pattern break and look for the opportunities on the breakout.

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, moved from the support and minorly broke the market structure. Currently, price made a deep retest back to the support and hit the support too. The week was bit slower than the expected, so next week might come up with strong moves, as price siting at a crucial support zone.

#TRB gave a pin precise entry after tapping into the support and did near about 2.3x in profits. Already said, this gonna me highly risk/ rewarding move. If you're still on it book major partials, and trail the stops.

We can see a Tiny bit of liquidation sitting at $61,600 and major one at $63.800

You know the next move now :)