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2024-03-17 21:01:16 MANTA analysis:

Price is trading in a range and a break of this will be epic. You can build your position near the support area. MANTA has good potential and will be in the top 20 coins in the coming months.

Support Area: $2.45-$2.60

Resistance Area: $3.75-$4.00 Open / Comment

2024-03-17 17:17:48 The shortage of Bitcoin supply gets more real. In the last 7 days, demand for Bitcoin surpassed supply on exchanges by around +$1.2 billion USD. Open / Comment

2024-03-17 13:11:01 The total marketcap of altcoins, also known as TOTAL2, recently faced rejection from a significant resistance area. We may witness a test of the lower support area in the coming days before the continuation of the uptrend. If you plan to invest in altcoins, it is advisable to wait for some time before opening new long positions.

Support Area: $925-$975 Billion

Resistance Area: $1.20-$1.25 Trillion Open / Comment

2024-03-17 08:59:00 Bitcoin has been struggling to break through the $70,000 mark and recently tested the expected support area. Currently, BTC is holding steady above this support level and we may see some sideways movement over the next few days. If the price does drop, the next support level to watch for is in the range of $59,000-$60,000. The resistance level remains unchanged. Open / Comment

2024-03-16 21:39:00 QTUM analysis:

Price has been rejected from the resistance area and is moving downwards. This may lead to a test of the support area, which could be a good opportunity for new entries. The price may bounce back after some accumulation at the support area.

Support Area: $3.50-$3.85

Resistance Area: $5.00-$5.50 Open / Comment

2024-03-16 17:29:01 Educational Post

What is Law of Demand?

Demand can be described as the preparedness of consumers to buy a specific amount of assets, goods or services for a particular price. So, the main elements of demand include, among other factors, the price of the goods, and the consumers’ preferences.

We may assume that the quantity of customers who are willing to purchase a given amount of goods depends on a number of variables. In this case, one of the most important variables is the asset price.

The aspect of demand and supply echoes from that perspective. The law of demand states that as the price of commodities increases, the quantity demanded decreases, and as the price declines the quantity demanded increases.

In other words, the law of demand is perceived to occur in the following circumstances: as the price of an asset or good increase, consumers will opt to buy less. But, if the price declines, they will be naturally inclined to purchase more of the same exact product. Open / Comment

2024-03-16 15:54:42 FIDA continues the upward movement and made a high of $0.726 today. The long position gives more than 120% profit from our entry. You can book the profit now or hold with trailing stop loss. Keep Earning Open / Comment

2024-03-16 13:13:00 MATIC has been moving upward and the long position has generated a peak profit of more than 75% from our entry. The price is currently testing the support area, and if you missed the earlier opportunity, you can consider opening a small long position here with a tight stop loss.

Support Area: $1.04-$1.09

Resistance Area: $1.48-$1.55 Open / Comment

2024-03-16 10:31:12 MicroStrategy acquired 205,000 Bitcoin over four years.

In contrast, BlackRock swiftly purchased 223,645 Bitcoin for its spot Bitcoin ETF in just a few months. Open / Comment

2024-03-16 08:15:42 Bitcoin made an attempt to surge past $70,000 but faced rejection. If it fails to breach this level, we may witness a test of the $64,000-$65,000 support range. Anticipate sideways movement during the weekend. Open / Comment