Really nice consolidation at DAG chart. Shown potential profit from 9325 support to nearest targets 18-30% 🤑

🔥 Trade DAG at KuCoin with 10% discount

@WiseAnalyze #DAG

Binance
#REQ/BTC Take-Profit target 3 ✅
Profit: 18.5484% 📈
Period: 18 Hours 23 Minutes ⏰

REQ flying according to our plan 👍 Grabbed some dips and taking fast profits today.

@WiseAnalyze #REQ

💬 Chat chart request 💬

Huge volume under yesterday day candle. Could have been whales buying the dips at 310 support. But situation still not clear. Wait till the end of today, see what will be the candle and act based on that info. In any case we may expect drop down to ~290 zone.

@WiseAnalyze #FET

Overview of Decentralized Finance (DeFi)

Since DeFi projects are very much in hype lately, our experts wanted to shed some light on how DeFi products build, how the ecosystem evolves over time and some crypto projects that are using DeFi.

Meaning:

Cryptocurrency’s promise is to make money and payments universally accessible– to anyone, no matter where they are in the world. The Decentralized Finance (DeFi) takes that promise a step further. DeFi is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries. If we put it in simple terms, JUST IMAGINE Global, Open alternative to every financial service you use today — savings, loans, trading, insurance and more, which are accessible to anyone in the world with a smartphone and internet connection.

Smart Contract Blockchains (Dapps):

DeFi is now possible on smart contract blockchains, like Ethereum. Smart contracts are programs running on the blockchain that can execute automatically when certain conditions are met. These smart contracts enable developers to build far more sophisticated functionality than simply sending and receiving cryptocurrency. These programs are what we now call decentralized apps or dapps. Dapp is an app that is built on decentralized technology, rather than being built and controlled by a single, centralized entity or company. You guys get used to this word, dapp, you’ll be seeing it a lot from here on out.

Real Life uses of Dapps:

While some of these concepts might sound futuristic but few areas where it is Already operative
i) Automated loans negotiated directly between two strangers in different parts of the world, without a bank in the middle.
ii) DeFi dapps allow you to create stablecoins (USDT, BUSD, PAX, TUSD, USDS)
iii) Lend out money and earn interest on your crypto
iv) Take out a loan, exchange one asset for another
v) Go long or short assets, and
vi) implement automated advanced investment strategies.

How DeFi Apps are different from similar Traditional Banks/Wallstreet apps:

A. The operations of projects running on DeFi are not managed by an institution and its employees — instead the rules are written in code (or smart contract, as mentioned above). Once the smart contract is deployed to the blockchain, DeFi dapps can run themselves with little to no human intervention

B. The code is transparent on the blockchain for anyone to audit. This builds a different kind of trust with users, because anyone has the opportunity to understand the contract’s functionality or find bugs. All transaction activity is also public for anyone to view. While this may raise privacy questions, transactions are pseudonymous by default, i.e. not tied directly to your real-life identity.

C. Dapps are designed to be global from day one — Whether you’re in USA, France z Germany, Sweden, Canada, you have access to the same DeFi services and networks. Of course, local regulations may apply but, technically speaking, most DeFi apps are available to anyone with an internet connection.

Few Examples of DeFi Projects:

There have been many DeFi projects listed and most of them are built on ethereum.
Few cryptocurrency projects which are evolving and have started using DeFi :-
ETH, REN, AST, BNT, EDO, LEND, ENJ, Huboi Token, MKR, IDEX, REP, KNC, REQ, FET, ZRX, LOOM, LRC, NXS

Conclusion:

DeFi is now one of the fastest growing sectors in crypto. Industry observers measure traction with a unique new metric — “ETH locked in DeFi”. Right now, users have deposited over $600 million worth of crypto into these smart contracts.

Intrigued? Look forward and wait for what's coming for you in this era of innovation.

📉 Daily Bitcoin chart review 📈

Bloody waterfall didn't happen yet, as 9k support stopped the price. But overall picture is turning bearish. Middle scenario - re-test of ~9400 resistance and drop lower. Bullish scenario - pump higher to ~9600 - in this case bullish reversal possible. Bearish scenario is rejection from 9300. But I don't think we will see dump so early.

Keep in mind that Bitcoin traders and investors are braced for more than 100,000 bitcoin options totaling $930 million to expire on June 26 - nearly 70% of bitcoin’s entire open interest (link). Therefore we may expect a HUGE volatility coming. Hold your pants 💩

🟥 9300 - 9450 - 9600 - 9745 - 9880
🟩 9050 - 8888 - 8666 - 8530 - 8300

😱 Fear & Greed index: 43 (<= 50 <= 41 <= 38)
👑 BTC Dominance: 64.4% (<= 64.6 <= 64.7 <= 64.6)
⚙️ 24h Volume: $73 billion (<= 63 <= 71 <= 59)

Other: 🔪 Scalping 💷 Forex 🐦 Twitter
Ref links: ByBit | Binance | FTX | Bitmex

@WiseAnalyze #BTC #Bitcoin (TradingView)

KuCoin
#VIDT/BTC Take-Profit target 2 ✅
Profit: 33.3771% 📈
Period: 3 Days 19 Hours 5 Minutes ⏰

Still waiting to register at KuCoin? Keep on waiting while we collect profits from one of the most promising alts out there, before it got listed at Binance 😎

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@WiseAnalyze #VIDT

Reminder about XNS coin. Premium are already in. Its up to you if you want to join or not. But remember, in 2020 Q3 they launch MainNet 3.0. Clear consolidation at day chart indicates this may be the last time you see XNS that cheap.

🔥 Trade XNS at KuCoin with 10% discount

@WiseAnalyze #XNS

Binance
#TOMO/BTC All take-profit targets achieved 😎
Profit: 33.4158% 📈
Period: 1 Months 22 Days 0 Hours 30 Minutes ⏰

TOMO took all main target in the beginning of June, but now finally reached our HODL target 🤑 Flying to beauty number 5555.

@WiseAnalyze #TOMO

Keep an eye on BEAM. Nice bullish volume. Good to enter around 520-525. If breakout above previous HH will grow to 600 and above.

@WiseAnalyze #BEAM

Binance
#REQ/BTC All take-profit targets achieved 😎
Profit: 38.3871% 📈
Period: 1 Days 0 Hours 29 Minutes ⏰

📉 WRX/BTC Premium signal update 📈

We've been waiting and it happens. $WRX is breaking the falling wedge 🚀

Original signal:
🛒 Buy zones 1333 / 1200 / 1100
🎯 Safe targets 1400 - 1440 - 1510
✊ HODL targets 1630 - 1750 - 1900

@WiseAnalyze #WRX

Noticed the move from ONG back on 6th June, but interpreted it wrong way. It wasn't the start of the move. It were whales accumulating it before the move. The move started 2 weeks later and now near its top.

@WiseAnalyze #ONG

📉 Daily Bitcoin chart review 📈

BTC options expired and nothing happened so far. If within next 2-6 hours price won't grow above 9200, we may see it dump to 8888 - 8700 - 8500. If it will manage to grow above and close there, we may see 9450 tested again. Daily/4H/1H under 21 EMA, so bearish in general. Check stats for volume/dominance - same as yesterday. So market is in anticipation for something bigger to happen. Hold your pants 💩

🟥 9300 - 9450 - 9600 - 9745 - 9880
🟩 9050 - 8888 - 8666 - 8530 - 8300

😱 Fear & Greed index: 40 (<= 43 <= 50 <= 41)
👑 BTC Dominance: 64.4% (<= 64.4 <= 64.6 <= 64.7)
⚙️ 24h Volume: $73 billion (<= 73 <= 63 <= 71)

Other: 🔪 Scalping 💷 Forex 🐦 Twitter
Ref links: ByBit | Binance | FTX | Bitmex

@WiseAnalyze #BTC #Bitcoin (TradingView)