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Trading Crypto Guide ™ ( Binance Mexc Bitcoin Kucoin Pump Signals #Binance #Mexc #Bitcoin #Pump #Signal ) » Telegram Web
Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC gave a weekly candle closing a Doji candlestick, which shows an undecided market or more buyers are in. Currently, price is approaching towards the strong resistance area and have to see a Daily candle close above.
#BTC made a very shallow closing over the strong resistance area and swept out the tiny liquidity. Price now retracing a bit here and can retest the $63,600 area. Expecting a new higher high to be formed sooner.
Trading Crypto Guide ™
#GOLD UPDATE : #GOLD failed to go into deeper pullback and forming a Triangle Pattern now. Price is on a Support zone now and might gonna break it sooner, so incase of close below we can expect lower moves towards the $2600 area.
In prolonged downtrends, investors sell at lower prices, pushing the cost basis of newer supply down. We've created an indicator comparing cost bases of 1w-1m and 1m-3m holders to gauge capital flows.
Capital Outflows 🟪: Younger coins' (1w-1m 🟠) cost basis falls faster than older ones (1m-3m 🔴).
Capital Inflow 🟦: Younger coins' cost basis rises faster in uptrends.
Currently, younger coins trade below older ones, indicating net outflows. This might hint at early stages of a market reversal.
Capital Outflows 🟪: Younger coins' (1w-1m 🟠) cost basis falls faster than older ones (1m-3m 🔴).
Capital Inflow 🟦: Younger coins' cost basis rises faster in uptrends.
Currently, younger coins trade below older ones, indicating net outflows. This might hint at early stages of a market reversal.
#BTC Hits $67,000 🤝
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Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC made a very shallow closing over the strong resistance area and swept out the tiny liquidity. Price now retracing a bit here and can retest the $63,600 area. Expecting a new higher high to be formed sooner.
#BTC gave a successful breakout of the strong resistance area and now expected to have a retest now. Daily candle looks healthy and looking for a price to hit $70,000 sooner.
Binance Will Support the Kaia (KLAY) Rebranding to Kaia (KAIA)
https://www.binance.com/en/support/announcement/f75f933759ee49d0af1dfbce7e32144c
https://www.binance.com/en/support/announcement/f75f933759ee49d0af1dfbce7e32144c
Trading Crypto Guide ™
#TOTAL MARKET CAP : #TOTAL gave a fakeout to the downside as expected, now index started moving back and forth on the zone. Price forming a triangle pattern in LTF and need to see some sort of breakout of the zone. Overall, structure tend to bearish, so correction…
We can gauge short-term holders' reaction to market sentiment shifts by comparing the cost basis of spending new investors to that of all new investors. This difference, when normalized by spot price, highlights periods of overreaction to extreme profit or loss conditions. Recently, investors who bought in the last 155 days have shown more confidence than in previous bear markets, with the magnitude of realized losses remaining relatively low compared to their cost basis. This suggests a more resilient sentiment among newer Bitcoin holders despite the market downturn.
Trading Crypto Guide ™
What Is a Sybil Attack? In a Sybil attack, a malicious actor attempts to gain control over a network by creating multiple identities and using them to manipulate the network's consensus, such as by voting multiple times on a blockchain. The attacker does…
Types of Sybil Attacks
The most common type of Sybil attack is a double-spend attack. In a double-spend attack, a malicious actor creates multiple fake identities, or Sybils, and uses them to send the same transaction to multiple nodes on the network. This allows the attacker to spend the same coins multiple times, resulting in a double-spend transaction.
Another type of Sybil attack is a selfish mining attack. In a selfish mining attack, a malicious actor attempts to gain control of the blockchain by creating a large number of Sybils and using them to mine blocks faster than the rest of the network. This gives the attacker a disproportionate share of the network’s mining rewards and reduces the security of the blockchain.
A Sybil attack can also be used to launch a 51% attack. In a 51% attack, a malicious actor creates a large number of Sybils and uses them to control more than 50% of the nodes on the blockchain. By controlling more than 50% of the nodes, they can control all transactions on the network. They can prevent any transactions from being processed, censor specific transactions or double-spend coins. It could also be used to manipulate the blockchain's consensus rules and dictate which changes to the network will be accepted.
Finally, a Sybil attack can also be used to disrupt the network by flooding it with bogus transactions. The attacker can clog the network with fake transactions, making it more difficult to process legitimate transactions.
How to Prevent Sybil Attacks?
- Implement a reputation system that is used to identify and block malicious actors and limit their ability to create multiple identities. Reputation systems can also be used to track user's activity on the network and assign them a score that determines the trustworthiness of their transactions.
- Use cryptographic identity verification to create a secure and verifiable identity for each user on the network. This can help to ensure that malicious actors cannot create multiple identities.
- Implement a proof-of-stake consensus algorithm by requiring users to stake a certain amount of their coins to participate in the consensus process. This means that users cannot create multiple identities to control a majority of the network’s hash power.
The most common type of Sybil attack is a double-spend attack. In a double-spend attack, a malicious actor creates multiple fake identities, or Sybils, and uses them to send the same transaction to multiple nodes on the network. This allows the attacker to spend the same coins multiple times, resulting in a double-spend transaction.
Another type of Sybil attack is a selfish mining attack. In a selfish mining attack, a malicious actor attempts to gain control of the blockchain by creating a large number of Sybils and using them to mine blocks faster than the rest of the network. This gives the attacker a disproportionate share of the network’s mining rewards and reduces the security of the blockchain.
A Sybil attack can also be used to launch a 51% attack. In a 51% attack, a malicious actor creates a large number of Sybils and uses them to control more than 50% of the nodes on the blockchain. By controlling more than 50% of the nodes, they can control all transactions on the network. They can prevent any transactions from being processed, censor specific transactions or double-spend coins. It could also be used to manipulate the blockchain's consensus rules and dictate which changes to the network will be accepted.
Finally, a Sybil attack can also be used to disrupt the network by flooding it with bogus transactions. The attacker can clog the network with fake transactions, making it more difficult to process legitimate transactions.
How to Prevent Sybil Attacks?
- Implement a reputation system that is used to identify and block malicious actors and limit their ability to create multiple identities. Reputation systems can also be used to track user's activity on the network and assign them a score that determines the trustworthiness of their transactions.
- Use cryptographic identity verification to create a secure and verifiable identity for each user on the network. This can help to ensure that malicious actors cannot create multiple identities.
- Implement a proof-of-stake consensus algorithm by requiring users to stake a certain amount of their coins to participate in the consensus process. This means that users cannot create multiple identities to control a majority of the network’s hash power.
Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC gave a successful breakout of the strong resistance area and now expected to have a retest now. Daily candle looks healthy and looking for a price to hit $70,000 sooner.
#BTC still making higher high and higher lows on H4 TF, and we can still anticipate a pullback tp the support zone before moving up. The next major key which can push the price down is $69,000 - $70,000 area.
Trading Crypto Guide ™
#CELO have a break below and started forming a small range too. Now, price action is very clear and expected to move in the direction with clean candle closure.
#CELO made a break to the upside and had a immediate retest back to support and push around 19% in profits. I hope you secured some profit with the rising market. If a pullback came into the $0.75 area, then we can take another long too.
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