Crypto Banter Signals
In today’s market direction, we cover BTC, ETH, SOL, RUNE, LINK and WIF.
Bitcoin faces formidable overhead resistance between $43,900 and the $44,200-$44,900 range. Its ability to overcome these technical levels could open the door towards $47,000. However, failure to push through this area of resistance raises the risk of further downside.
Ethereum tells a similar story, squeezed between $2,200 support and $2,340 resistance. The eventual breakout from this constrained range will likely set the trend for more significant price swings.
Across the board, the coming days represent a critical juncture that could determine if the market will break out emphatically or break down to new lows.
In today’s market direction, we cover BTC, ETH, SOL, RUNE, LINK and WIF.
Bitcoin faces formidable overhead resistance between $43,900 and the $44,200-$44,900 range. Its ability to overcome these technical levels could open the door towards $47,000. However, failure to push through this area of resistance raises the risk of further downside.
Ethereum tells a similar story, squeezed between $2,200 support and $2,340 resistance. The eventual breakout from this constrained range will likely set the trend for more significant price swings.
Across the board, the coming days represent a critical juncture that could determine if the market will break out emphatically or break down to new lows.
Crypto Banter Signals
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Crypto Banter Signals
After Jupiter’s drop, we've all seen how profitable it can be to farm airdrops.
Over the last few weeks, we have shared many airdrop opportunities (some examples, here and here).
However, the market keeps giving us more opportunities, and we can’t but share them with our community.
Many of the recent airdrops we’ve shared are in the Solana ecosystem – understandably so because of Solana’s recent momentum.
However, if you love the Thorchain ecosystem, one of today’s opportunities is right up your alley.
Whatever your favourite Web3 ecosystem is, we are actively looking for opportunities and will find something in your neck of the woods soon enough.
Are you ready to farm new airdrops?
After Jupiter’s drop, we've all seen how profitable it can be to farm airdrops.
Over the last few weeks, we have shared many airdrop opportunities (some examples, here and here).
However, the market keeps giving us more opportunities, and we can’t but share them with our community.
Many of the recent airdrops we’ve shared are in the Solana ecosystem – understandably so because of Solana’s recent momentum.
However, if you love the Thorchain ecosystem, one of today’s opportunities is right up your alley.
Whatever your favourite Web3 ecosystem is, we are actively looking for opportunities and will find something in your neck of the woods soon enough.
Are you ready to farm new airdrops?
Crypto Banter Signals
#Ethereum is currently retesting the most important resistance!
#Ethereum is currently retesting the most important resistance!
Crypto Banter Signals
#Bitcoin Simple Strategy 🤝
1) Buy Bitcoins 500 days Before Halving
2) Hold & Do Nothing (we are here)
3) Sell 500 Days After Halving
4) Repeat
#Bitcoin Simple Strategy 🤝
1) Buy Bitcoins 500 days Before Halving
2) Hold & Do Nothing (we are here)
3) Sell 500 Days After Halving
4) Repeat
Crypto Banter Signals
#API3
The price has reacted to the resistance level of $3.500 - $3.300 for the third time and if it fails to break it, it will probably decrease again to the dynamic support.
#API3
The price has reacted to the resistance level of $3.500 - $3.300 for the third time and if it fails to break it, it will probably decrease again to the dynamic support.
Crypto Banter Signals
SOL: Looking at the chart structure, it becomes clear that the price is now at the top of a range. It takes a sustained break above $107/$108 for me to assume that the price is moving towards $190. It is possible that wave 2/B already formed a low in the yellow scenario, but the structure can also be interpreted as a wider flat correction in the white scenario. This means we need to be prepared for another C-wave into the lower support range between $84 and $94.88. The price level that distinguishes between the accelerated yellow scenario and an extended correction is the $95.54 level.
SOL: Looking at the chart structure, it becomes clear that the price is now at the top of a range. It takes a sustained break above $107/$108 for me to assume that the price is moving towards $190. It is possible that wave 2/B already formed a low in the yellow scenario, but the structure can also be interpreted as a wider flat correction in the white scenario. This means we need to be prepared for another C-wave into the lower support range between $84 and $94.88. The price level that distinguishes between the accelerated yellow scenario and an extended correction is the $95.54 level.
Crypto Banter Signals
💰 Bitcoin Could Hit $48K in Days, Propelled by Historic Chinese New Year Gains: 10X Research
Bitcoin (BTC) is headed towards $48,000 in the short term after its breakout fueled by a strong track record of gains around the Chinese New Year celebration, according to Markus Thielen, head of research at Matrixport and founder of 10x Research. "The next few days are of paramount statistical importance as bitcoin tends to rally by +11% around Chinese New Year, starting on February 10 (Saturday)," Thielen wrote in a Thursday report.
💰 Bitcoin Could Hit $48K in Days, Propelled by Historic Chinese New Year Gains: 10X Research
Bitcoin (BTC) is headed towards $48,000 in the short term after its breakout fueled by a strong track record of gains around the Chinese New Year celebration, according to Markus Thielen, head of research at Matrixport and founder of 10x Research. "The next few days are of paramount statistical importance as bitcoin tends to rally by +11% around Chinese New Year, starting on February 10 (Saturday)," Thielen wrote in a Thursday report.
Crypto Banter Signals
VRA: The chart has turned into a mess, which means the micro structures are likely going to change. I do not see any impulsive structures. The yellow scenario allows for the low in wave ii to have formed, and a break above the corrective price channel´s upper boundary line is needed to suggest that wave iii is unfolding. Wave iii has a minimum target of $0.0146. The white scenario allows for one more low and the (C)-wave has now reached the 100% extension of wave (A), which means the price is at resistance and could turn to the downside here. Overall, however, the bullish support region, as long as it holds, allows for the price to climb higher.
VRA: The chart has turned into a mess, which means the micro structures are likely going to change. I do not see any impulsive structures. The yellow scenario allows for the low in wave ii to have formed, and a break above the corrective price channel´s upper boundary line is needed to suggest that wave iii is unfolding. Wave iii has a minimum target of $0.0146. The white scenario allows for one more low and the (C)-wave has now reached the 100% extension of wave (A), which means the price is at resistance and could turn to the downside here. Overall, however, the bullish support region, as long as it holds, allows for the price to climb higher.
Crypto Banter Signals
The markets have shown tremendous strength today, with Bitcoin smashing through resistance levels and Ethereum also putting in a very positive move.
However, both BTC and ETH are entering overbought territory on the shorter timeframes, indicating they may be due for a pullback or consolidation soon.
Meanwhile, Solana has failed to keep pace with the wider altcoin market's gains. After losing its uptrend line, SOL appears vulnerable to further declines, especially if Bitcoin sees profit-taking.
One outlier bucking the overall bullishness is RUNE, which had a nice bounce from our identified support zone but now faces stiff overhead resistance.
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The markets have shown tremendous strength today, with Bitcoin smashing through resistance levels and Ethereum also putting in a very positive move.
However, both BTC and ETH are entering overbought territory on the shorter timeframes, indicating they may be due for a pullback or consolidation soon.
Meanwhile, Solana has failed to keep pace with the wider altcoin market's gains. After losing its uptrend line, SOL appears vulnerable to further declines, especially if Bitcoin sees profit-taking.
One outlier bucking the overall bullishness is RUNE, which had a nice bounce from our identified support zone but now faces stiff overhead resistance.
----TO READ MORE, JOIN THE CONFIDENTIAL CIRCLE----
Crypto Banter Signals
ETH: The price is likely working on wave 5 of (5) as mentioned in the previous update already, and a break below $2,729 would be a first indication that a top of sorts is in place. Upside targets for wave 5 of (5) are $2,799, $2,839, $2,844 and the area around $2,900. These are levels we can watch if the price extends higher.
ETH: The price is likely working on wave 5 of (5) as mentioned in the previous update already, and a break below $2,729 would be a first indication that a top of sorts is in place. Upside targets for wave 5 of (5) are $2,799, $2,839, $2,844 and the area around $2,900. These are levels we can watch if the price extends higher.
Crypto Banter Signals
Firstly, we have to hold our hands up here. We thought BTC might find resistance going into the $45k area; we didn’t expect it to break through so easily.
Fortunately, we are positioned and have been for a long while, but we do have our sceptical hat on that BTC is hitting $50k (30% or so shy of the all-time high) three months out from the halving - not even post-halving.
Hence, we were sceptical. We do our best for you guys, and we cannot always be right, but we try to be mostly right more than wrong and aim to know when to be more risk on than risk off.
But this last week or two of price action has surely caught us off guard.
We'll shout it out when we are right, but we will also hold our hands up when we get it wrong.
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Firstly, we have to hold our hands up here. We thought BTC might find resistance going into the $45k area; we didn’t expect it to break through so easily.
Fortunately, we are positioned and have been for a long while, but we do have our sceptical hat on that BTC is hitting $50k (30% or so shy of the all-time high) three months out from the halving - not even post-halving.
Hence, we were sceptical. We do our best for you guys, and we cannot always be right, but we try to be mostly right more than wrong and aim to know when to be more risk on than risk off.
But this last week or two of price action has surely caught us off guard.
We'll shout it out when we are right, but we will also hold our hands up when we get it wrong.
--- To know more, Join Our Confidential Circle ----
Crypto Banter Signals
Yesterday, we had the release of the inflation data, which came in hotter than expected.
The market reacted negatively to this as it essentially suggested that rate cuts are much further pushed out if inflation becomes more of a problem again for the FED. They can't cut rates into rising inflation. Therefore, the DXY and Bond Yields moved higher, and risk assets sold off.
However, BTC has shaken this off. You'd expect risk assets to feel some pressure with yesterday's data, yet Bitcoin has recovered price-wise and is at new yearly highs.
Alongside this, we also saw extremely positive inflows for the ETFs yesterday. We're still so early in this cycle, and despite prices being up a lot, people just don't care; they want in as they see it all going much higher. Although this is an emotion that we should be a little cautious of. It won't be up only for the next 18 months; there will be dips along the way.
This price action and response to the bad data is the first time we've seen this positivity reflected in price action really since 2021 - a real positive sign.
Yesterday, we had the release of the inflation data, which came in hotter than expected.
The market reacted negatively to this as it essentially suggested that rate cuts are much further pushed out if inflation becomes more of a problem again for the FED. They can't cut rates into rising inflation. Therefore, the DXY and Bond Yields moved higher, and risk assets sold off.
However, BTC has shaken this off. You'd expect risk assets to feel some pressure with yesterday's data, yet Bitcoin has recovered price-wise and is at new yearly highs.
Alongside this, we also saw extremely positive inflows for the ETFs yesterday. We're still so early in this cycle, and despite prices being up a lot, people just don't care; they want in as they see it all going much higher. Although this is an emotion that we should be a little cautious of. It won't be up only for the next 18 months; there will be dips along the way.
This price action and response to the bad data is the first time we've seen this positivity reflected in price action really since 2021 - a real positive sign.
Crypto Banter Signals
Mid and long-term expectations for the market
On-chain wise, there are a number of indicators that suggest that the short-term is close to being overbought. Alongside this, we're three months out from a halving and only 30% or so away from the all-time highs.
It would be irregular for price to continue performing like this three months from a BTC halving. You'd expect some kind of consolidation or even a slight pullback in the coming month or two.
However, the long-term metrics still suggest we're early in the cycle, and prices aren't exhausted here.
Mid and long-term expectations for the market
On-chain wise, there are a number of indicators that suggest that the short-term is close to being overbought. Alongside this, we're three months out from a halving and only 30% or so away from the all-time highs.
It would be irregular for price to continue performing like this three months from a BTC halving. You'd expect some kind of consolidation or even a slight pullback in the coming month or two.
However, the long-term metrics still suggest we're early in the cycle, and prices aren't exhausted here.
Crypto Banter Signals
Our take
Even though price action has been so positive, we are not really looking to add further risk (USDT into new positions) at these prices at this stage in the cycle. You should already be heavily allocated, but if you have USDT on the side, we wouldn’t be ape’ing into this price action.
However, if there are pullbacks, even if that means prices go higher first, these pullbacks should be bought. In this kind of environment, pullbacks won't really be deeper than 10%-20%, so you're better off waiting for these kinds of dips to load more capital (USDT) in again.
At current prices, we don't look at BTC and consider it an attractive entry at $51,700. Anything sub $47k would now be attractive, but ape'ing in at this price? We'd rather wait and load up on a pullback or re-allocate into opportunities that still look attractive price-wise.
ETH and SOL, we still think, look good. SOL is our Head of Analysis’s long-term winner, and we see prices at $600/SOL, maybe even higher.
So, if you're ok buying at $115 and are happy to sit through a potential 20% or so drawdown and not panic, then all is well.
Just be aware when you ape into highs, there's a chance you could be vulnerable to a pullback.
We are off to the races.
Don’t fumble the bag!
Our take
Even though price action has been so positive, we are not really looking to add further risk (USDT into new positions) at these prices at this stage in the cycle. You should already be heavily allocated, but if you have USDT on the side, we wouldn’t be ape’ing into this price action.
However, if there are pullbacks, even if that means prices go higher first, these pullbacks should be bought. In this kind of environment, pullbacks won't really be deeper than 10%-20%, so you're better off waiting for these kinds of dips to load more capital (USDT) in again.
At current prices, we don't look at BTC and consider it an attractive entry at $51,700. Anything sub $47k would now be attractive, but ape'ing in at this price? We'd rather wait and load up on a pullback or re-allocate into opportunities that still look attractive price-wise.
ETH and SOL, we still think, look good. SOL is our Head of Analysis’s long-term winner, and we see prices at $600/SOL, maybe even higher.
So, if you're ok buying at $115 and are happy to sit through a potential 20% or so drawdown and not panic, then all is well.
Just be aware when you ape into highs, there's a chance you could be vulnerable to a pullback.
We are off to the races.
Don’t fumble the bag!
Crypto Banter Signals
Airdrop season is still in full swing, offering crypto users unique opportunities to explore various protocols, demonstrate mastery, and earn lucrative rewards.
As the bull market gathers momentum, tokenless protocols will likely launch and distribute their tokens to active community members this year.
Now is the perfect time to start if you haven't positioned yourself yet.
Today, we will introduce you to 3 farming strategies that could potentially secure you airdrops from 7 different protocols.
Airdrop season is still in full swing, offering crypto users unique opportunities to explore various protocols, demonstrate mastery, and earn lucrative rewards.
As the bull market gathers momentum, tokenless protocols will likely launch and distribute their tokens to active community members this year.
Now is the perfect time to start if you haven't positioned yourself yet.
Today, we will introduce you to 3 farming strategies that could potentially secure you airdrops from 7 different protocols.
Crypto Banter Signals
Hyperliquid
Hyperliquid is a decentralised perpetual futures exchange that aims to provide traders with a full-featured, transparent, and secure trading experience.
Recently, Hyperliquid has frequently featured in the top spot among all Perpetual DEXs. We have tried many perp DEXs, and Hyperliquid stands out with its superior UI/UX.
Hyperliquid
Hyperliquid is a decentralised perpetual futures exchange that aims to provide traders with a full-featured, transparent, and secure trading experience.
Recently, Hyperliquid has frequently featured in the top spot among all Perpetual DEXs. We have tried many perp DEXs, and Hyperliquid stands out with its superior UI/UX.