Here's the Analysis of #INJ :

#INJ is been kept on bouncing from the support zone of $29.8 - $31.1. Currently, price is moving inside the downtrend channel pattern, where could take a breakout from here. In case if it failed to break it, then we can expect it to move lower back to support and that will be a decisional point to take the setup, so until that wait for the clean breakout.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, gave a rejection from the Resistance but Daily market structure is still bullish at that point. Currently, we've a long huge candle which trying to break and close above the zone of resistance around $46,680 - $47,200. This weekly close is important to us, as it may drive through the next resistance zone around towards $52,400 and a close below will lead into a healthy retracement in the market.

#ADA gave a shallow break of the Resistance zone( Blue Box) but on Daily TF, its a shallow break. Well, still we can consider it a break, as we're bullish at this point, the setup will be a retest back to the support area or slightly below of it.

#RNDR did gave a shallow break below of the channel pattern and did up an channel/ flag formation. Price action is very choppy at the moment, and a clean break is required either side of the resistance zone or the flag pattern.

What is #MVRV Ratio ?

The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.

The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.

So what does that Indicate ?

#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.

#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.

Here's the Analysis of #DYDX :

#DYDX is been sharping moving up and in a retracement phrase now, hodling above the strong flip level/ support zone of $2.90 - $2.93. Price almost broke the trendline, showing sign of bearishness, but a bounce is expected towards the resistance area of $3.19 - $3.17 as price is sitting on the structural support zone. Take it as medium risk and in case price flips below the zone, its also a shorting setup.

#Bitcoin kept pushing higher and made its weekly closing above the Resistance. Price still unable to break its previous High, which means building up liquidity above, to maximize trapping traders. Anticipation would be a correction in the market near $45,000 - $44,000.

#DYDX broke below the support area, turned it into resistance. Price broke the Trendline too, showing some bearishness. Price already did a retest for shorts, i hope you entered it with stops over the previous swing high.

#MVRV started flipping bullish as #MVRV Ratio flipping above the 1Y MRVR Moving Average. Historically, we've seen this indicating some good mid-term and long-term trends successfully, so this could be another indication to us.

Read About our MVRV Ratio Post Here

#Bitcoin 49,000 🚀🚀

Here's the Analysis of #GRT :

#GRT is started pushing from the structural support zone of $0.164 - $0.165. Currently, price is approaching towards the Strong Resistance Zone of $0.174 - $0.177. Its a pretty tight range, so expect a break first before entering any setup. Market is bullish so buy will playout best in the scenario .

#BTC started facing resistance near $50,000 physiological level and made a ting range over there. Price is expected a retest back into some sort of support zone $48,500 and lower. Looking into the Daily TF, price already at a resistance point, so wait for the healthy correction.

#RNDR made a break down off the flag, and made a quick move up with the market. Price entered into Strong Resistance Area, and now it matter of point to see, if it breaks the zone or reject it. Look for Daily candle closure, so get into the proper setup.

We can use Short-Term Holder MVRV to monitor the unrealized profit or loss of new market participants. Comparing the STH cost-basis to the spot price reveals the pressure they face to sell at a loss or take profit.

#MVRV is already above the 1.0 Mark, which shows strong bullishness in the market and #MVRV tested the Moving Average as Resistance already, and more momentum yet to come if it crosses the 155D Moving Average with MVRV

What Is a Market Taker?

A market taker is a participant in the market who executes orders by taking liquidity from the order book. Market takers place market orders or marketable limit orders that are executed immediately at the best available prices on the order book. They accept the prices offered by market makers or other participants in the market. Market takers pay the spread when they buy or sell assets, and they usually trade with less frequent or larger orders than market makers.

Suppose you're a market taker who wants to buy Bitcoin on an exchange. Here's how you would interact with the market:

1. Placing Orders: Unlike market makers who provide liquidity by placing orders on the order book, market takers execute orders by taking liquidity from the order book. You place market orders or marketable limit orders, which are orders that are immediately executed at the best available prices on the order book.

2. Immediate Execution: When you place a market order or marketable limit order, it's executed immediately at the prevailing market prices. For example, if the best ask price for Bitcoin is $40,050 and you place a market buy order, your order will be filled at $40,050 or a slightly higher price if there's insufficient liquidity at that level.

3. Paying the Spread: As a market taker, you pay the spread—the difference between the bid and ask prices. When you buy Bitcoin, you pay the ask price, and when you sell Bitcoin, you receive the bid price. The spread represents the compensation for the market maker's role in providing liquidity to the market.

4. Trading Strategy: Market takers typically have specific trading strategies and objectives. They may trade with larger order sizes or execute trades more frequently than market makers. Market takers aim to enter or exit positions quickly at the best available prices without waiting for limit orders to be filled.

5. Risk Management: Market takers also need to manage their risk exposure when trading. They may use stop-loss orders or other risk management techniques to limit potential losses if the market moves against their position. Additionally, they may monitor market conditions closely to identify opportunities for profitable trades.

Here's the Analysis of #API3 :

#API3 is been on a pretty good series of Higher High and Higher Lows moving with the trend channel pattern. Price flipped above the Major Resistance area turning it into the major support zone around $3.29 - $3.39. A retest is expected back to the level of major support where buys setup can be taken into account. Short will be risky at this point unless price flips below the major level and shift the market structure bearish.

#BTC made its break of the range and made it retest back to the mentioned area at minor support around $48,500. Price dropped due to #CPI data release, now it made a bounce from the trendline line still maintaining the Bullish Structure. Expected a new high to print as no clear indication for a down-move.