Trading Crypto Guide ™

2024-04-10 12:00:51 #POLYX again made deep retest back to the initial entry point and price already gave the 17% in profits and expecting the same from here now. Use lower risk here as market is bit unstable. It created a range now, so you can do the range trading. Open / Comment

2024-04-10 10:31:01 Notice of Removal of Spot Trading Pairs - 2024-04-12
https://www.binance.com/en/support/announcement/529f9465efdc4e138034de7fe02d3e58 Open / Comment

2024-04-10 10:01:59 #BTC made a break below of the zone as the strong rejections. The break was due to #grayscale inflow, and currently it retesting the zone as resistance. Now, it a bit confusing point, so better wait for the clarity from the market. Open / Comment

2024-04-09 21:30:43 Here's the Analysis of #MANTA :

#MANTA is been ranging a bit and rejected from the flip level around $3.00 - $3.05. Price kept on bouncing through the Major Support Zone of $2.58 - $2.67 and broken the trendline too. Price expecting the same from here a drop to the support and buy setup for us, take it with risks management as market is bit unstable now. Open / Comment

2024-04-09 16:01:51 What is Parachain ?

Parachains refer to application-based, individual blockchains (although there is no specific need for them to take the form of blockchains) that run in parallel with each other within the whole Polkadot network. Parachains are connected to Polkadot in a “hub and spoke” style architecture, allowing developers to create new and independently functioning networks powered with the same framework as the main chain.

The technology behind parachains is supported by Substrate, a new-generation framework for building blockchains with web3 functionality, which is also utilized to build and develop Polkadot and Kusama.

Each parachain is connected with the main chain through the central Relay Chain, which allows them to function independently without compromising their connection with the entire network. You can treat a parachain just like a regular blockchain since it can have its own functionality, token, governance system and other attributes. However, each parachain can still enjoy the security provided by the Polkadot network and be backed by its validator model since it is linked by said Relay Chain. In other words, one is not required to build his own validator community in order to maintain a parachain.

There are also “collator” nodes that assist validators in securing parachains. As opposed to validators, collator nodes do not secure the network. Collator nodes keep a record of every parachain data, select new block candidates and confirm the inputs and status of a parachain along with validators. Moreover, cross-chain message passing (XCMP) enables parachains to interact with the main chains.

Since the economics of a parachain can be different from the entire Polkadot ecosystem, they can set different transaction fees according to the choice of their own community. Open / Comment

2024-04-09 15:01:52 #OP started pushing from in-between levels and flipped the major resistance level. Price also forming a reversal pattern, which is a Inverse Head & Shoulder, by which this can be a retest of it. Potential buy can be taken from this zone here. Open / Comment

2024-04-09 12:15:08 #BTC just sharply falls and strongly rejecting that area....

Need to closely observe the candle close... Open / Comment

2024-04-09 10:00:12 #BTC goes with the Daily and Weekly Plan, Price climbed towards the $72,700+ and now on a verge to retest. #BTC already reached the support and might have a bounce through here, but we have a better zone down there around $69,565 - $69,990. Open / Comment

2024-04-08 21:00:24 #ETH Analysis :

#ETH is been winding up from the downtrend and broken the Major Resistance area of $3532 - $3613. Price already made a retest and hit the flip area too. We need a daily candle closure above the $3680 level so made the road clear for $4,000 level. Else, we'll see some strong consolidations here until #BTC plays are wild move. Open / Comment

2024-04-08 17:00:44 What is Unspent Realized Price Distribution ?

Unspent Realized Price Distribution refers to the distribution of the average acquisition prices of coins that have not been spent or moved since they were acquired. It provides insights into the profitability of the remaining unspent coins based on the prices at which they were acquired.

In the context of Bitcoin, Unspent Realized Price Distribution helps analyze the profitability of different cohorts of coins that have not been spent. It divides the unspent supply of Bitcoin into different cohorts, such as Long-Term Holders (LTH) and Short-Term Holders (STH), based on the duration of coin holding.

By examining the Unspent Realized Price Distribution, we can assess the average acquisition prices of the remaining unspent coins held by each cohort. This information provides an understanding of the profitability and potential selling behavior of different investor groups.

A-URPD is a variation of URPD that adjusts for coins that have not moved for an extended period. It aims to provide a more accurate representation of the price levels at which coins were acquired by filtering out long-term dormant coins. This adjustment helps in identifying price levels that are more relevant to active market participants. Open / Comment