Here's the Analysis of #THETA :

#THETA Is been going for a liquidity raid towards the Major Resistance Zone of $1.47 - $1.50. Price is already moving heavily bullish, so not point for getting into shorts until it reached the Resistance. Buys are not clear too, but a retracement up to $1.25 or lower will be good area to look at.

X Account belonging to #Microstrategy has allegedly been compromised in a phishing scam, resulting in the theft of $440,000.

#BTC still consolidating since a week but a new weekly candle closed giving new indications. Weekly candle closed bearish after the 4 consecutive Bullish ones and now made a rejected with the new resistance formed within inside the zone. Retracements are high probable now, lower Timeframe suggest a drop till $50,000.

#ACE made it way to break of the Resistance zone and given a candle close. We need to wait for the price to daily candle sustain above it then we can make a continuation buy setup from the zone to all the way till $12.70 and $13.80.

Within the Ethereum ecosystem, we can delineate three primary sectors: DeFi, GameFi, and Staking. While all three sectors have witnessed capital inflows since the onset of the year, the DeFi and GameFi sectors have predominantly experienced significant capital outflows throughout 2022 and 2023.

However, a notable shift has occurred in the GameFi sector this year, marked by substantial inflows commencing in October, coinciding with the activation of our Altcoin Indicator. In contrast, Staking tokens have maintained consistent positive capital inflows, albeit to a lesser extent in absolute terms.

What Is a Money Flow Index (MFI)?

The Money Flow Index (MFI) is a momentum oscillator that measures the inflow and outflow of money into and out of a security over a specified period, typically 14 days. It is used to identify overbought or oversold conditions in a stock or asset.

The MFI combines both price and volume data to calculate a value between 0 and 100. A high MFI value indicates that a security is overbought, meaning there has been significant buying pressure and the price may be due for a correction. Conversely, a low MFI value suggests that a security is oversold, indicating a potential buying opportunity as selling pressure may have exhausted.

The calculation of the MFI involves several steps:

1. Calculate the typical price for each period, which is the average of the high, low, and closing prices.
2. Determine the money flow (MF) for each period, which is the typical price multiplied by the volume for that period.
3. Divide the sum of positive money flow (MF) over the specified period by the sum of negative money flow over the same period.
4. Add 1 to the ratio obtained in step 3.
5. Calculate the Money Flow Index (MFI) by dividing 100 by the result obtained in step 4.

Traders and analysts use the Money Flow Index to confirm trends, identify potential reversals, and generate trading signals. However, like any technical indicator, it is not foolproof and should be used in conjunction with other analysis techniques for best results.

MicroStrategy has purchased an extra 3,000 #BTC for approximately $155 million, with an average price of $51,813 per Bitcoin. As of now #MicroStrategy now holds 193,000 #BTC, acquired for around $6.09 billion at an average price of $31,544 per Bitcoin.

Here's the Analysis of #BLUR :

#BLUR is been making some smooth Higher Highs and Higher Lows with forming a broadening formation. Price kept on hodling above the trendline and the support zone of $0.67 - $0.69. Right now, buys will not safe at this point, wait for the pullback to support zone and there's a added trendline too, which will push the price aggressively.

#BTC made a strong jump with the breakout. Price cleared out the small liquidity to the bottom and failed to test the support. Eventually, price made a breakout of the all resistance and made High #YTD till $57,000. Let see where moves goes, expected to reach the resistance at $58,000 - $59,000.

#KSM started moving as planned and moved around 7% in favor. With respect to market move, price barely moved any. Once, #BTC stables down, money will start flowing into other coins too. Expected it to reach the resistance and a break too.

The #Bitcoin network is receiving an average of $607m per day of new investor demand** while this is being met by $46m per day of new supply in the form of new coins being mined.

We are now 54 days away from seeing new supply being #halved. 🚀

What Is Moore's Law?

Moore's Law is an observation and prediction made by Gordon Moore, the co-founder of Intel Corporation, in 1965. It states that the number of transistors on a microchip doubles approximately every two years, leading to a doubling of computing power or performance within the same cost.

Originally, Moore's Law referred specifically to the semiconductor industry's ability to continually increase the number of transistors that could be placed on a single integrated circuit at a relatively constant cost. Over time, it has become a broader concept representing the rapid pace of technological advancement and innovation in the field of computing.

Moore's Law has been remarkably accurate for several decades, driving exponential growth in computing power, reducing the size and cost of electronic devices, and enabling the development of increasingly sophisticated technologies. However, as transistor sizes approach atomic scales and physical limitations are reached, some experts debate whether Moore's Law will continue to hold true in the long term. Nevertheless, the principles underlying Moore's Law continue to shape expectations and drive progress in the technology industry.

Importance of Moore's Law

Moore's Law is important to the crypto and blockchain industries for several reasons:

1. Scalability: Moore's Law, which describes the exponential increase in computing power over time, contributes to the scalability of blockchain networks. As hardware capabilities improve, blockchain networks can handle larger transaction volumes and process data more efficiently.

2. Innovation: The rapid pace of technological advancement driven by Moore's Law fuels innovation within the crypto and blockchain space. Developers can leverage increasingly powerful hardware to create more sophisticated blockchain applications, improve consensus mechanisms, and enhance security measures.

3. Cost Reduction: Moore's Law leads to the continual decrease in the cost of computing power. This cost reduction enables broader accessibility to blockchain technology by lowering the barrier to entry for individuals and organizations looking to participate in or build on blockchain networks.

4. Performance: As computing power increases, blockchain networks can achieve higher performance metrics such as transaction throughput, confirmation speed, and overall efficiency. This enhances the user experience and enables blockchain applications to compete more effectively with traditional centralized systems.

5. Decentralization: Moore's Law indirectly supports the decentralization of blockchain networks by enabling a wider distribution of computing resources. As computational power becomes more affordable and accessible, it becomes easier for individuals and entities to participate as network validators, thereby enhancing decentralization and network security.

Overall, Moore's Law plays a crucial role in driving the evolution and adoption of blockchain technology by providing the underlying computing power necessary for its continued growth and development.

Here's the Analysis of #GRT :

#GRT is been moving smoothly with higher highs and lower lows. Price now, made a small a falling wedge over the small flip support level around $0.281 - $0.284. Daily TF, needs to hodl above the support to take the potential buys over it. Alternatively, in case price, breaks below the support then we can go with the shorting with the scalping call towards the next support $0.257.

#BTC slowed down a bit now, momentum goes a bit lower, and hovering below the resistance zone. Well, nothing much changes, price kept on driving for the wick fills and within the new discovered range. Enjoy the alts season ride and our free signals until any new break happens.

Notice of Removal of Spot Trading Pairs - 2024-03-01


https://www.binance.com/en/support/announcement/a4a8fe7c7d734cc4a31b7a24ff717621

#ACE made a daily candle close with a clean retest back to the zone as support and made its push as expected. Trade moved around 10.2% in profits, and i hope you secured some right with it. Potential scale-in is possible but let the price action to develop more as move is very corrective.

#BTC Reached $60,000 Mark 🥂🥂

What is #DXY (Dollar Index) ?

The US Dollar Index (#DXY) is a measure of the value of the US dollar relative to a basket of six major foreign currencies. The index is designed to provide a snapshot of the US dollar's performance against a basket of other currencies that are considered to be its most significant #trading partners.

The #DXY is widely followed by currency traders, financial analysts, and investors, who use it as a benchmark for the value of the US dollar. The index is also used to hedge against currency risks and to evaluate the performance of international #investments.


Why #DXY is Important ??

It's worth noting that changes in the US Dollar Index can have a significant impact on the global financial markets, as a strong or weak US dollar can affect the prices of #Cryptocurrencies, #Commodities, #Equites, #DXY Bonds, and other financial instruments. A rising #DXY typically indicates that the US dollar is strengthening against other major currencies, while a falling #DXY suggests that the US dollar is weakening.