If you need to buy the $BTC , this is the moment but wait for this confirmation for a better entry
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I maintain my previous analysis taking into account my Fibonacci
Looking at the weekly chart, you will notice that we will have an imbalance to fill next week around $69,000 or $68,000... So we will fill it just and rise very quickly during next week.
On the second capture in H4, I have branched the buy zone to give you more details regarding the current retracement and the upcoming impulse.
“I take out my crypto magician hat, summon me to help you detect rug pulls before the disaster” 😹 LOL I'm joking! Magic doesn't work with crypto!
⇒ Analyze the project's liquidity ⇒ Analyze the contract, check if it is audited ⇒ Check if it is possible to sell the token after having purchased it (Necessary for new tokens) ⇒ Check if the Top 10 holding addresses can dump the prices ⇒ Use pocket Universe to simulate the first transaction, to see if the address is malicious or not.
The DeFi scanners; DefiLlama, Arkham, and Dune analytics!
To analyze the key parameters of DeFi protocols, analyze the inflows and outflows of money in the protocols, airdrops, protocol yields, and many other important parameters, several tools created by ecosystem actors are fully at your disposal, I will shed some light 💡
They are not totally free (Freemium), but by the end of this article, you will definitely have an idea of what could help you conduct the best research and interact like a true professional or an experienced user.
I would like to draw your attention to a subject, the distinction between Total supply, Max supply, and circulating supply.
All these terms talk about the quantity of tokens in a crypto project, but do you know the details they hide? Max Supply: it is the cap of tokens that will never be exceeded. For example, the Max supply of Bitcoin is 21 million. No matter how you mine, or how Microstrategy buys Bitcoins, the day the 21 million are reached, no more Bitcoin will be mined.
Despite recent events, the RWA star has remained calm. No sharp bearish movements, no broken supports, which confirms our initial analysis, $ONDO has already hit its lowest point.
From my point of view, it would be wise to watch it closely and start a DCA from now on.
Note that day by day, tokenized stocks are arriving on exchanges and some of our wallets, the utility of ONDO is the most important thing that the world of finance needs right now, it will clean up Wall Street!
The adoption continues and its token will position itself among the most stable and the most performing.
The analysis methodology, analyzing a project professionally! (PART 3)
Let's talk a bit about the Backers…
Well, you know yourself, if you bring a project to a country and show proof that the UN or UNICEF is behind you, many people will want to cooperate with you because you are validated and supported by major institutions.
It's the same here in crypto; a project that is validated and supported by major companies in the sector will have more credibility with investors. There is a strong chance that investors from the companies supporting the project will become investors in the project.
The analysis methodology, analyzing a project professionally! ( PART 2 )
Without delay, let's continue this sequence with the analysis of the Roadmap and the team behind the project.
You need to know how to differentiate between a Roadmap and a catalog of promises. When you take the Roadmap of a project, you will need to ask yourself a few questions: ×××> When did they plan this? ×××> How do they plan to achieve it? ×××> Are they on track for the previous deliverables?
We have experienced tons of waste projects that sold us dreams in our early days; they establish catalogs of promises without action, just blah blah.
The analysis methodology, analyzing a project professionally!
⇒ The white paper ⇒ The tokenomics ⇒ The Roadmap ⇒ The team behind the project ⇒ The Backers ⇒ The community I am forced to divide this article into 3 parts so that it is not too long and easy to digest.
Let's go with the White paper 🗞️, the tokenomics. When you want to analyze a project, always start by reviewing the White paper, you need to ask yourself these 3 main questions: ×××> What problem do they solve? ×××> Why do they need a blockchain?
The market is volatile right now, painful movements are happening one after another but a good trader stays calm to strike the price at the right moment.
Your duty as a Trader is to wait and seize the best Movements.
Vitalik talked about the Blockchain trilemma: Scalability, decentralization, security…
What does he mean by that? No Blockchain can ensure the three important criteria of a perfect Blockchain.
Bitcoin is indeed an infallible and decentralized Blockchain, but it also has a scalability problem, meaning it cannot process a certain number of transactions at the same time without users paying exorbitant fees. Vitalik understood this when Ethereum was facing congestion and exorbitant fees.
I see a cold wallet, capable of storing up to 100 billion dollars in cryptos, but I don't have them 😹...
Well, here I have my Trezor key, as they often say, charity begins at home.
Don't wait too long to get one.
A saying goes: No one laughs when the rabbit holds the gun!
That is to say, if your hot wallet gets siphoned or if your favorite exchange gets attacked, you won't have time to see what is happening to you and stop it, you just suffer.
The cold wallet protects you against these misadventures.
It is a crucial necessity for you actors, whether beginners or in training, to properly master these acronyms.
Let's go with the TVL at first: It's the total value locked on a protocol to be brief.
Why is it so important? It is the most important factor to consider before choosing a DeFi protocol. It represents the level of trust users have in the protocol. No one will want to put a penny on a platform where there are no locked liquidity.
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