#Dictionary Backtest

🔎Analysis of historical price chart data to test and adapt trading strategies, as well as gather statistics.
Gathering statistics is necessary to determine the effectiveness of the chosen trading strategy.

⚡️#BTC below $58 000

The cryptocurrency and stock markets are falling ahead of the Federal Reserve's meeting on the key interest rate.

#news

⚠️ Bug Bounty Contest has ended!

We thank all participants, with your help we will become even better 💪

The winner will be selected in the coming days, stay tuned for the announcements.

Best regards, KickEX Team

🪙The correction of #BTC is record-breaking in the current bull cycle

Meanwhile, the capital outflow from spot Bitcoin #ETFs amounted to $564 million.

Are you already buying or waiting for better opportunities? 💸

#Dictionary Candles

🔼Bullish candle — a candlestick on a chart indicating an upward price movement.

🔽Bearish candle — a candlestick on a chart indicating a downward price movement.

#Analytics #Ethereum

🔷 After a decline within a descending correctional trend, the price of the #ETH/USDT coin found support in the range of levels 2817 - 2921, where the technical analysis pattern "Head and Shoulders" was formed, which can be considered as a signal for a trend change to bullish.

📈 The nearest resistance is in the range of levels 3005 - 3037. Breaking this level will confirm the signal for the beginning of price growth with the nearest targets in the range of 3140 - 3215.

🍒 A cryptan schoolboy's mom showed her breasts on a streamer and helped her son fume his memcoin by 8 000%

MomToken #LIVEMOM based on #Solana gave a boost in a moment of explicit content, but immediately dropped 80% afterward

Now the main thing is that the schoolboy should not repeat the scheme with his dad 🙅‍♂️

#CryptoNews

⚠️ Spam transactions allowed stealing $68 million

Spam transactions are a scheme where scammers send you small amounts from addresses similar to yours. Often, they have matching beginnings and endings of your wallet address, which allows them to capitalize on carelessness. Users sometimes hastily copy the address of the last transaction, which is the scammer's address.

A few hours ago, someone lost 1 155 WBTC—wrapped #BTC for use on the #ETH blockchain—using this scheme.

Have you encountered similar attacks? 💩

#Dictionary Price Action (PA)

🕯A method of analyzing price charts using candlestick formations.

📈A candlestick formation is a graphical pattern formed by several candles indicating the current market sentiment.

#Opinion

🔮 Peter Brandt claims that #BTC will rise to $100,000 - $125,000 over the next 74 bars on the weekly chart, which is equivalent to 518 days.

Seems a bit sparse 🤔

#Dictionary Liquidity

⚡️The ability to quickly execute a transaction. A large number of users means a large number of buyers and sellers, facilitating the quick purchase or sale of large volumes of an asset.

💵For example, selling a one-bedroom apartment has a higher chance of successful completion because the demand for such apartments is usually higher.

🪙 Currently, the adoption of #BTC stands at 4.7%

If we compare Bitcoin adoption to the adoption of the internet, we are approximately at the level of the beginning of 1999.

Is there room to grow? 🚀

🪙 A Bitcoin wallet that has been holding coins since 2011 sold 687 #BTC today for $44 million

Someone stocked up on digital gold at $2 a pop and finally decided to cash in their stash.

Well, either that or they finally remembered the password 🤷‍♂️

📉 The volume of Hong Kong cryptocurrency #ETFs turned out to be 268 times lower compared to American ones

Bloomberg analyst Eric Balchunas referred to ETFs in Hong Kong as "child's play" compared to trading by heavyweight financial players in the US, such as BlackRock, Fidelity, and Grayscale.

In total, Hong Kong funds manage around 4 000 bitcoins, whereas the assets of just the #BlackRock ETF alone amount to over 270 000 coins 💧

🪙 Today marks 10 years since Charlie Munger called #BTC "rat poison."

As of today, "rat poison" is worth over $63,000, and Charlie is already gone.

There you have it, opinions of authoritative figures 🗿

🪙 A record number of native SPL tokens are being created on the #Solana network

On May 4th, the daily figure approached 15,000. Coincidentally, #Coinmarketcap added 138 meme coins in April, whereas just a year ago, only 18 were added.

Is this a sign of a new trend in meme coins or a springtime surge in scammers? 🤔

📌 CoinShares has prepared a report on crypto financial flows for the past week:

#BTC - investment outflow of $284 million.

#ETH - inflow of $30 million.

Inflows were also noted for many altcoins. The most significant ones were:

#AVAX - $0.5 million.
#ADA - $0.4 million.
#DOT - $0.3 million.

📌 KickEX Opinion:

Negative sentiments among traders continue to be fueled by news regarding cryptocurrency regulation.

For example, we can mention the statement by CFTC Chairman Rostin Benham about new sanctions against professional participants in the cryptocurrency market.

Also recently, investors received news of a possible SEC lawsuit against Robinhood for violating securities market laws, in the form of a "Wells notice" notification.

Taking into account the past year and the stories of legal proceedings by US securities market regulators against Binance, Coinbase, Kraken, the news of new cases does not instill confidence in buying cryptocurrencies.

However, on the other hand, the launch of trading in cryptocurrency investment products in Hong Kong has slightly smoothed out the negativity and has not caused quotes to plummet even further, with an inflow of around $307 million.

⚡️ Head of #SEC Gary Gensler gave an interview. Here are the key points:

🌐 We oversee a capital market of $110 trillion. #Cryptocurrency is just a small part of this market, but it comes with many issues and fraud.

📣 The media pays too much attention to the cryptocurrency market, although it is very small compared to other segments.

📈 A large number of tokens are securities.

⚙️ Approval of #ETF #ETH is being considered.

⚡️KickEX Trading Fees Update

KickEX is the pioneering exchange to offer negative trading fees to all users. Previously, only major market makers with turnovers amounting to billions of dollars had access to such benefits. With KickEX, anyone can assume the role of a market maker and profit from each transaction made as a maker.

👉Read more in our blog