Trading Crypto Guide ™

2024-05-10 09:30:27 #BTC tapped in and perfectly reversed from the support. Well, market is still not clear but chart shows a market structure shift in price. So, expecting the price to reach out the other end which is at resistance area $64,800 - $65,000. Open / Comment

2024-05-09 21:00:15 Here's the Analysis of #WLD :

#WLD is been rejected hard from the Strong Resistance Area of $6.37 - $6.42 and missed from the a key level of support around $5.12 - $5.17. Price strongly looks bearish at the moment, its better tot wait for the price to tap into the support zone for potential buys or buy continuation will come after the market structure shift. Open / Comment

2024-05-09 15:59:50 In this bull market, US Spot ETF momentum has notably impacted price action, as seen through the Net Unrealized Profit & Loss (NUPL) metric. NUPL measures net paper profits (or losses) normalized by market cap.

When NUPL exceeds 0.5, it signals the Euphoria phase of a bull market. In the current cycle, NUPL surpassed 0.5 about 6.5 months before the halving, compared to 8.5 months in the 2020-21 cycle. This shift underscores the ETF's role in accelerating price action by introducing significant demand into the market. Open / Comment

2024-05-09 13:59:50 What's is #NUPL (Net Unrealized Profit/Loss) ?

NUPL (Net Unrealized Profit/Loss) looks at the difference between Unrealized Profit and Unrealized Loss to determine whether the network as a whole is currently in a state of profit or loss. Net Unrealized Profit and Loss (#NUPL) is the difference between market cap and realized cap divided by market cap.

Assuming that the latest #coin movement is the result of a purchase, #NUPL indicates the total amount of profit/loss in all the coins represented as a ratio.

It could be interpreted as the #ratio of investors who are in profit.

To make it Simpler for you, Any Values over '0' indicate investors are in #profit and an increasing trend in value means more #investors are beginning to be in #profit.

This phase indicates the increasing reason to take #profit which leads to an increase in sell pressure. Open / Comment

2024-05-09 11:59:50 #BTC.D flipped the area to the upside again Open / Comment

2024-05-09 09:59:49 #BTC going perfectly as planned, price made a dip down towards the support zone of $61,100 level and rejected very precisely too. Now, expected a good retracement from here and even a breakout to the upside. Plan your trades accordingly with the movement. Open / Comment

2024-05-01 10:01:49 #BTC continues to drop lower and strongly bounced from the support zone as drawn. Its a major key too, so a reaction is already expected too. Currently, the Market Structure is bearish too, so nothing as of now, NY open coming up with a news event, so eyes on that and more in this week. Open / Comment

2024-04-30 22:00:46 CZ sentenced to 4 months in prison Open / Comment

2024-04-30 20:00:29 Here's the Analysis of #ORDI :

#ORDI is been trending lower with the market dumping conditions breaking the structural support zone of $39.44 - $40.76. Price is expected to continue dip down to next support around $24.0 - $25.0. Buys would be risky here but averaging out will be better here. Wait for the price to reach our the support or build a new one. Open / Comment

2024-04-30 16:00:38 What Is Proof-of-Immutability (PoIM)?

Proof-of-Immutability (PoIM) represents a distinct blockchain system that employs an advanced hash-based strategy for storing blockchain metadata in a remote hash vault. In a PoIM-powered blockchain network, the utmost data privacy standards are maintained, as ledger-appended data isn't duplicated and distributed across network nodes; instead, a hash pointer devoid of traceable metadata is utilized. This methodology further enables a blockchain to scale and achieve high throughput without compromising its decentralized essence.

The PoIM system grants participants of the blockchain network the ability to scrutinize each other's data integrity (by demonstrating its immutability) at any given time, without intruding on the privacy of the scrutinized party's data. Initially, this mechanism for proving immutability may seem redundant, as immutability is commonly regarded as an inherent attribute of all blockchains. However, it's worth noting that while blockchain, as a distributed ledger technology, inherently boasts a higher level of immutability compared to centralized database systems, the extent of immutability varies among different blockchains based on factors such as consensus mechanism and network size.

For instance, permissioned/private blockchain networks, typically smaller in size, are more susceptible to manipulation. PoIM introduces a mechanism that enables participants to verify whether the chain has been tampered with or if a record has been altered, all without accessing the database directly. Additionally, as real-world adoption gains momentum, an auditing mechanism for validating information integrity within the blockchain ledger becomes instrumental in bolstering the legal recognition of blockchain data and smart contracts. Open / Comment