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Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC took a bounce from the support drawn (red box) and attempting to break the Major Resistance again. With that, today is strong fundamental news, and with that a strong movement is expected, so better tighten the stops in any futures trade opened.
Trading Crypto Guide ™
#US30 UPDATE : #US30 made a very deep pullback and towards the origin points of the move. Currently, index moving back and forth of the intermediate flip level, before moving up, a retest is expected, mentioned in the chart.
If we examine the rolling performance of the Bitcoin market across weekly 🟥, monthly 🟦 and quarterly 🟧 timeframes, we can see generally strong performance, recording values of +3.3%, +7.4%, and +25.6%, respectively.
To highlight periods of particularly strong price performance, we can count the number of trading days within a 90d window where performance across all three timeframes exceeds +20%. Only 5 days through the last quarter have reached this threshold so far.
In prior cycles, this count reached between 18 and 26-days, which suggests the current market may be somewhat more measured relative to historical bull markets.
To highlight periods of particularly strong price performance, we can count the number of trading days within a 90d window where performance across all three timeframes exceeds +20%. Only 5 days through the last quarter have reached this threshold so far.
In prior cycles, this count reached between 18 and 26-days, which suggests the current market may be somewhat more measured relative to historical bull markets.
Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC Weekly candle closed somewhere in between and of the medium bullish one and a rejection too. #Bitcoin on hourly TF, looks like holding the support/flip area over the zone and move correctively. We can experience a dip again due to this nature.
#BTC perfectly dip down as per prediction due to its corrective nature and now expected a retest of the flip level/ support nearby $67,500. Eye on the area, nothing to do in between.
Trading Crypto Guide ™
#GOLD UPDATE : #GOLD perfect played though the week and made a retest to the resistance and drop. Price moved from support for a another retest and dropped again. So, now we can see a sharp push lower and broke the support too. Expecting more sell with the…
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Ethereum under a similar framework and can see the dramatic impact of the ETF approvals. The news motivated almost instantaneous buy-side pressure, with all three timeframes printing their first >20% price movement since late 2021.
If we consider the sizeable impact and influence that spot ETFs have had on Bitcoin since the turn of the year, the ETH/BTC trading pair may be exhibiting early signs of a more promising road ahead.
If we consider the sizeable impact and influence that spot ETFs have had on Bitcoin since the turn of the year, the ETH/BTC trading pair may be exhibiting early signs of a more promising road ahead.
What Is Scrypt?
Scrypt is a password-based key derivation function (PBKDF) that was originally proposed as an alternative to other key derivation functions like PBKDF2 and bcrypt. It is designed to be more secure against specific types of attacks, particularly those that leverage specialized hardware like Application-Specific Integrated Circuits (ASICs) and Graphics Processing Units (GPUs).
The main features and design goals of Scrypt are:
1. Memory-Hardness: Scrypt requires a large amount of memory to operate, making it resistant to attacks from custom hardware implementations like ASICs or GPUs, which have limited memory compared to their computational power.
2. Parallelization Resistance: Scrypt is designed to be inherently sequential, meaning that the computation cannot be easily parallelized, which limits the potential speedup from using multiple processing units or cores.
3. Key Stretching: Like other PBKDFs, Scrypt is used for key stretching, which involves deriving a long key from a short password or passphrase, making it more resistant to brute-force attacks.
Scrypt is used in various cryptocurrencies, including Litecoin, Dogecoin, and Verge, as the key derivation function for their proof-of-work (PoW) consensus algorithms. By using Scrypt, these cryptocurrencies aim to make their mining process more accessible to regular computers and resist the centralization of mining power that can occur with specialized hardware like ASICs.
While Scrypt was designed to be more secure against certain types of attacks, it is important to note that its security guarantees rely on the specific parameters used and the availability of sufficient memory resources. As computing power and hardware capabilities evolve, the effectiveness of Scrypt may need to be re-evaluated, and alternative memory-hard key derivation functions may be explored.
Scrypt is a password-based key derivation function (PBKDF) that was originally proposed as an alternative to other key derivation functions like PBKDF2 and bcrypt. It is designed to be more secure against specific types of attacks, particularly those that leverage specialized hardware like Application-Specific Integrated Circuits (ASICs) and Graphics Processing Units (GPUs).
The main features and design goals of Scrypt are:
1. Memory-Hardness: Scrypt requires a large amount of memory to operate, making it resistant to attacks from custom hardware implementations like ASICs or GPUs, which have limited memory compared to their computational power.
2. Parallelization Resistance: Scrypt is designed to be inherently sequential, meaning that the computation cannot be easily parallelized, which limits the potential speedup from using multiple processing units or cores.
3. Key Stretching: Like other PBKDFs, Scrypt is used for key stretching, which involves deriving a long key from a short password or passphrase, making it more resistant to brute-force attacks.
Scrypt is used in various cryptocurrencies, including Litecoin, Dogecoin, and Verge, as the key derivation function for their proof-of-work (PoW) consensus algorithms. By using Scrypt, these cryptocurrencies aim to make their mining process more accessible to regular computers and resist the centralization of mining power that can occur with specialized hardware like ASICs.
While Scrypt was designed to be more secure against certain types of attacks, it is important to note that its security guarantees rely on the specific parameters used and the availability of sufficient memory resources. As computing power and hardware capabilities evolve, the effectiveness of Scrypt may need to be re-evaluated, and alternative memory-hard key derivation functions may be explored.
📉 Bitcoin Market Alert 📉
Over $187 million in liquidations occurred in the past 24 hours as BTC experiences a significant dump. Stay cautious and watch the market closely! 🛑
#Bitcoin
Over $187 million in liquidations occurred in the past 24 hours as BTC experiences a significant dump. Stay cautious and watch the market closely! 🛑
#Bitcoin
Trading Crypto Guide ™
#ETH UPDATE : #ETH made a drop lower again and reached the support zone nearby $3600. We can see price kinda rejecting the zone and expected to reach out the other end of the zone around $3950. You can have the short trade with in this.
Notice of Removal of Spot Trading Pairs - 2024-06-14
https://www.binance.com/en/support/announcement/cbc625e02b784e769eb0d59ac31d3e5a
https://www.binance.com/en/support/announcement/cbc625e02b784e769eb0d59ac31d3e5a
Binance
Notice of Removal of Spot Trading Pairs - 2024-06-14 | Binance Announcements,Binance News,Delisting
Binance will remove and cease trading on the following spot trading pairs at 2024-06-14 03:00 (UTC): ALPACA/BTC, MDX/BTC, NFP/TUSD, QUICK/BTC, XAI/BNB.
Trading Crypto Guide ™
#BTC perfectly dip down as per prediction due to its corrective nature and now expected a retest of the flip level/ support nearby $67,500. Eye on the area, nothing to do in between.
#BTC continues it drop and even goes below the zone, also price pin precisely rejected the key area and turning the break into the fakeout. Well, this could be a reversal but have to see the news upcoming in NY Open Time.
Trading Crypto Guide ™
#BTC.D UPDATE : #BTC.D still hovering below the resistance area forming a Head and Shoulder formation. Well, Index kept on trying to break the resistance, which is not a good sign as alts will dump. Eyes on breakout now, as this might be triple top too, and…
Bitcoin hit a new all-time high of $73,000 in early March, with long-term holders taking profits, creating an oversupply that led to a correction. As prices fell, seller exhaustion set in, allowing re-accumulation. Bitcoin ETFs saw net outflows in April, with a -$148M/day outflow at the $57,500 local low, signaling capitulation. However, the trend sharply reversed last week with a $242M/day net inflow, suggesting renewed buying demand. Notably, this ETF inflow dwarfs the $32M/day selling from miners post-halving, highlighting ETFs' significant impact compared to diminishing miner influence.
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