Get started

Editorspick

Bitcoin halving: Why it’s important for BTC scarcityGood day, traders The Bitcoin Halving has happened again. ~1st Halving (Nov 2012): BTC price was $12.0. It reached its highest price ever at $1163. ~2nd Halving (July 2016): BTC price was $638.51. Then, it skyrocketed to a new all-time high of $19333. ~3rd Halving (May 2020): BTC price was $8475. It later surged to a new record of $68982. ~4th Halving (April 2024): BTC price is now $63839. What will the new all-time high be? What's different this time around? 1. A Bitcoin Spot ETF is in play. 2. Big institutions and investors are jumping in. 3. More people are aware of cryptocurrencies. 4. Governments are making new rules for cryptocurrencies. 5. Cryptocurrencies like Bitcoin are being accepted globally. Let's get to the topic Bitcoin's halving is a critical event that helps establish Bitcoin's value as a digital asset. It reduces the rate at which new Bitcoins are created, enhancing its scarcity and potentially positioning it as a reliable store of value for the digital era, more fluid than real estate or gold. In the most recent halving, which occurred at the 840,000th block, the reward for mining a new block dropped from 6.25 BTC to 3.125 BTC. This reduction in mining rewards means that fewer new Bitcoins are entering circulation, making existing Bitcoins more scarce. Karim Chaib, CEO of crypto platform Dopamine App, explains why this matters: "Scarcity is a basic economic concept that impacts asset value. By design, Bitcoin becomes scarcer over time due to the halving events, which decrease its supply at a predictable rate." Bitcoin's halving is built into its code and occurs approximately every four years, or every 210,000 blocks. The first halving was in 2012, when the reward went from 50 BTC to 25 BTC per block. Since then, the reward has halved again in 2016 and 2020, and now stands at 3.125 BTC per block. This predictable scarcity sets Bitcoin apart from assets like gold, which can become less scarce over time as technology improves mining efficiency. Bitcoin, with its fixed supply limit of 21 million coins, is designed to be immune to inflationary pressures. In summary, Bitcoin's halving events ensure its scarcity over time, boosting its potential as a valuable digital asset compared to traditional stores of value like gold. This is just for informational purposes. Thank you for reading.
INDEX:BTCUSDEducation
by CRYPTOMOJO_TA
#BITCOIN POTENTIAL OVERVIEW!🚨#BITCOIN WEEKLY TIME FRAME TECHNICAL ANALYSIS🔔 After breaking the previous all-time high, which was $69,028 and achieving a new high of $73,773. Currently trending above the strong support zone of $64,500 to $66,300, technically it’s a very strong support zone. Today is the weekly closing, and Bitcoin must maintain its position above the mentioned support zone. Here we have two scenarios. First, if this week's candle closes above the $64,500 support then in the upcoming week, we anticipate a bullish move towards the $94,500. In the second scenario, if it does close below the support, then it is highly possible that it will drop to $38,500 to $40,000 before the halving, and that will be the last chance to buy bitcoin at a much lower price. Here is the question: does it drop before the halving or after the halving? So it is advisable to be prepared for this possibility, especially when accepting a drop before the halving event. This is because, historically, the market tends to shake out less experienced traders before the real bull run begins. This chart serves as a valuable aid in making informed trade decisions and is intended solely for educational purposes. Your insights and perspectives on the charts are highly appreciated and can be shared in the comment section. Thank you for your contribution.
Long
by CRYPTOMOJO_TA
25
#ETH WEEKLY TIME-FRAME UPDATE!CRYPTOCAP:ETH #Ethereum Weekly Chart Update: ETH faced rejection from the $4k resistance on the weekly timeframe, and It has reached a low of $3k and has bounced back to around $3400. The support level is at $3550, currently it treading below this support but if the weekly candle closes above this level, it can be considered a good sign. However, if the weekly candle closes below this level, it can trigger concerns, leading to a potential drop to around $2600, in my opinion. It's important to note that whenever ETH has failed to surpass the $4k resistance level, it has experienced significant downturns in the past. For instance, in May 2021, ETH faced a rejection of nearly 60%, and in September 2021, it had a 32% drop. To determine if history will repeat itself, ETH needs to maintain the $3550 support level on the weekly chart. So keep an eye on the weekly candle close. #DYOR #NFA
by CRYPTOMOJO_TA
2
#BTC is breaking out of this ascending triangle!Bitcoin (BTC) is showing signs of a potential bullish rally of around 15–17%. BTC currently breaking out of this ascending triangle, with an attempt to surpass the crucial resistance level of 69k. Expecting a 15% to 17% rally after the breakout and retest of this pattern. In the event of a worst-case scenario, where the bulls fail to hold the support at 66k, Bitcoin may test the support area of 60k. Stay tuned I will keep updating.
Long
by CRYPTOMOJO_TA
9
Get Ready for Huge upside as PVRINOX at Support !!PVRINOX is around the long term support !! Long term support is working from 2008 and now around the support Long term support is around 1150-1240 In a weekly timeframe Stock is making falling channel Falling channel support is also coming around 1180-1240 We have confirmed these levels from 2 charts So Probability is higher that prices may bounce from these levels. Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:PVRINOXLong
by FiveCircles
DOMINANCE IS ON HISTORICAL LONG-TERM SUPPORT WHAT'S NEXT?🧐MARKET CAP DOMINANCE TECHNICAL ANALYSIS 🚨 In the weekly time frame, dominance is currently bouncing off a crucial support level that has been in place since January 2018. This level holds historical significance and is critical for the market. The market's proximity to this support suggests the possibility of a local top, although predicting Bitcoin's movements can be challenging. Some investors anticipate significant losses, which could lead to capital inflows into altcoins. However, many remain optimistic about a breakdown beyond this trendline, given the deviation in current price action from previous rallies. It is crucial to monitor investments and manage portfolios cautiously. While our market entry guidance was helpful, it is prudent to heed this warning. The weekly close will provide clearer signals for confirmation. An interim shake-off before or after the halving seems inevitable, and preserving profits is paramount. The current bull run could lead to BTC reaching $140k to $190k, but a shake-off before that may be necessary. This chart serves as a valuable aid in making informed trade decisions and is intended solely for educational purposes. Your insights and perspectives on the charts are highly appreciated and can be shared in the comment section. Thank you for your contribution. AMEX:USD CRYPTOCAP:USDT.D #DYOR #NFA
CRYPTOCAP:USDT.D
by CRYPTOMOJO_TA
5
Delta corp is bottoming out Soon Delta Corp is Bottoming out soon irrespective of any news !! Stock is near long term support of 90-100 Currently stock is in a falling channel and prices may continue to go down unless it don't breaks the upper resistance of the channel Every time stock comes around long term support we can see huge upside of 200-250% in few months Keep it in watchlist and take your own decisions !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:DELTACORPLong
by FiveCircles
1
Why You Should Never Hold on to Your Positions Beyond a CertainGood day, traders. I would like to take this opportunity to advise both new and experienced traders that holding onto your position indefinitely is not recommended. Based on percentage calculations, the return required to recover to break even increases at a considerably faster pace as losses grow in size due to compound interest. After a loss of 10%, a gain of 11% is needed to make up for it. When the loss is 20%, it takes a 25% gain to return to break even. To recover from a 50% loss, a 100% gain is required, and to reach the initial investment value after an 80% loss, a 400% gain is necessary. Investors who experience a bear market must understand that it will take some time to recover, but compounding returns will aid in the process. Consider a bear market where the value drops by 30% and the stock portfolio is only worth 70% of what it was. Suppose the portfolio increases by 10% to reach 77%. The subsequent 10% gains bring it to 84.7%. After two further years of 10% gains, the portfolio reaches its pre-drop value of 102.5%. Consequently, a 30% decline requires a 42% recovery, but a four-year compounding rate of 10% returns the account to profitability. I will be doing a second part of this post on the idea of "DOLLAR COST AVERAGING" (DCA). The math behind stock market losses clearly demonstrates the need for investors to take precautions against significant losses, as depicted in the graphic above. Stop-loss orders to sell stocks or cryptocurrencies that are mental or limit-based exist for a reason. If the market is headed towards a bear market, it will start to pay off once a particular loss threshold is reached. Investors occasionally struggle to sell stocks they enjoy at a loss, but if they can repurchase the stock or cryptocurrency at a lesser cost, they will like it. Never stop learning! I would also appreciate hearing your thoughts and opinions on the topic in the comment section. Thank you.
Education
by CRYPTOMOJO_TA
IGL will become multibagger after BreakoutIGL may give Huge Breakout !! IGL is Making Hut pattern after an uptrend Possibility of Breakout is huge because its a continuation pattern We may see huge upside after breaking the resistance If stock comes down we can see support is around 370-390 level Breakout confirmation is above 480-500 Current price is around 450 Targets are around 900-950 level Thanks !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:IGLLong
by FiveCircles
2
Bitcoin: Macro Support/Resistance Fibonacci SchematicsThe layout of these Bitcoin Schematics are to be able to see all key kevels through appropriate Timeframes. #1 and #2 are Monthly Schematics. #3 through #6 are all 2-Week candles. #7 and #8 are both 1 Weekly Candles. The first two are this ideas main attraction BIG MACRO WISE. These are the most Macro Schematics in the blueprint and they are both in LOG mode. They include two of the Strongest Fibonacci Tools each historically in this market. Each include Fib Spikes and Fib Extensions. The horizontal orange extensions are both the most important Macro Fib Extensions which is why they are 1 and 2. The middle four are all structured support and resistance levels based on the Fibonacci Sequence. They are different because of their small price differences and structure when formed but the overall sequence travels up and can be seen visually on all separately. The last two are the most recent formations so they are on smaller timeframes. Even though every single box has about two schematics per, #8 has about 4. This includes 3 Major Fib tools with different colors along with a not so visible couple of lines. #2 must be watched closely as this resistance can turn into support quickly and then we move onto terra infinte. Once this happens, our resistance is Box #1 at around 200k give or take. Ofcourse there are the other boxes of resistance but I am looking at the Base Schematic of Box 1 to give me the next major ATH on Bitcoin. Or at least a major level before finding another top potentially at around 250k per Box #1's Schematic Layout. I have linked my collection of my best Bitcoin ideas leading up to this point below and all either have some of the same schematics or work together as one.
CRYPTO:BTCUSDLong
by MichaelBsul
USOIL | POTENTIAL BREAKOUT IMMINENTUSOIL finds itself at a critical juncture, facing a formidable horizontal resistance level at 79 that has proven unyielding since November 2023. However, a noteworthy development is underway as it sustains its position above the DEMA100 for the first time since October 23. Furthermore, there is discernible formation of an inverted head and shoulders pattern within the confines of the 79 resistance zone. This pattern typically signifies a bullish reversal, hinting at the possibility of a breakout. To confirm the bullish momentum, the bulls need to achieve a daily close above the 79 mark, which would effectively unlock potential upside opportunities. It goes without saying that maintaining a stop-loss level below 76 provides a prudent safeguard for any long positions. Additionally, the EMA100 serves as a dynamic trailing stop-loss indicator, aiding in managing risk effectively.
TVC:USOILLong
by TradeTrio
EICHER Motors is around Long term support Eicher Motors is around the medium term support !! Stock has never broken support working from 2020 Log Chart support is working beautifully and has support around 3500-3600 On a Linear Chart stock has made 2 support and recently short term support working Linear chart support is around 3480-3520 !! Stock is Goof until support is intact !! Thanks !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:EICHERMOTLong
by FiveCircles
ALKEM Near All time high ALKEM is Near all time high Alkem is in a Rising channel and Resistance is working from last 8 years Stock is facing resistance around 5500 for the further upside Stock need to cross 5500 If stock tanks then we might see level of 3100-3200 3100-3200 is strongest support and one should not miss opportunity to BUY around these levels. Thank You !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:ALKEMShort
by FiveCircles
TOTAL MARKET CAP: HISTORICAL CYCLES!People are talking a lot about altcoins in the cryptocurrency market. They think there might be a big season coming up where altcoins, which are alternative cryptocurrencies to Bitcoin, could be worth a total of $5 trillion by 2025. This idea comes from looking at past data and patterns in the market. Historical Let's look at some past data: It took about 762 days for the total cryptocurrency market value to be higher than it ever was before. If things happen like they did before, we might see a new high around December 2024. The last time prices went really high lasted for about 1066 days, and this time it could be similar. Fractal Analysis: This is a fancy term, but it just means looking for similar patterns in the past: Between 2014 and 2015, prices stayed pretty steady for about 610 days. Then, from 2016 to 2017, the value of altcoins shot up to around $400 billion. After that, from 2018 to 2019, there was another period of steady prices for about 609 days. Now, from 2022 to 2023, we've seen about 548 days of steady prices, which might mean a big change is coming. Future Projections: Based on what we've seen before, here's what some people think could happen: They're guessing that altcoins could be worth $5 trillion by 2025, which would be a huge jump. They think this might happen around September or October 2025. Conclusion: Looking at all this information, it seems like altcoins could be in for a good run in the next few years. If they really do reach $5 trillion by 2025, there could be some big opportunities for investors. It's something worth keeping an eye on as things develop in the cryptocurrency world.
CRYPTOCAP:TOTALLong
by CRYPTOMOJO_TA
5
Bitcoin Analysis Across Multiple Time Frames!#BITCOIN WEEKLY TF UPDATE LET'S MAKE IT SIMPLE "Bitcoin ended the week above $52,000 and is now heading towards a resistance area around that price. Even though there's some resistance there, the overall trend is still bullish. We might see a pullback in this zone, but if we get another weekly close above $52,000, it could mean Bitcoin has the momentum to push towards $60,000." So keep an eye on weekly closing Stay tuned; I will keep updating #DYOR #NFA CRYPTOCAP:BTC BITSTAMP:BTCUSD BINANCE:BTCUSDT
Long
by CRYPTOMOJO_TA
10