#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, gave a break and doing retest now. Price moving strongly and can reach the support area of $100,600 - $106,300. weekly closing is also important for us and let see how it goes.

#W had a sweet drop from $0.0792 and made around 17.6% profits in short positions. Price again reaching the listing area and and go lower, so either book something or move the stops as per the swings.

In every industry, there is a special language to make communication easy and efficient. Those abbreviations have a great impact on the industry, lets understand what they are.

List of abbreviations commonly used in #cryptocurrency trading.

#Altcoins: Alternate #cryptocurrency that is any #cryptocurrency other than bitcoin
#Bag Holder = A person who buys and hold coins in large quantity hoping to make good profits in the future.
#Bear/Bearish = Negative price movement
#BTFD = Buy The Fucking Dip
#Bull/Bullish= Positive price movement
#DILDO = Long green or red candles
#Dump = To Sell off a coin
#DYOR = Do Your Own Research
#FA = Fundamental Analysis
#FOMO = Fear Of Missing Out
#FUD = Fear Uncertainty & Doubt
#HODL = Hold/Hold a position
#Long: Margin bull position
#MCAP = Market Capitalization
#Moon = Continuous upward movement of price
#OTC = Over The Counter
#Pump: Upward price movement
#Shitcoin = A coin with no potential value or use
#Short = Margin bear position
#TA: Technical Analysis
#REKT: When you have a bad loss
#Whale = Very Wealthy trader/Market mover.
#Weak Hand = a coin holder prone to selling at the first sign of a deep in price.
#AMA: Ask me anything
#ATH: All-Time High
#C2C: Crypto to Crypto
#DLT: Distributed ledger technology
#DYOR: Do Your Own Research
#IMO: In My Opinion
#JOMO: Joy Of Missing Out
#Lambo: Lambo is the status symbol that becomes an elusive goal for most investors. It’s a car industry reference that makes people believe everyone who has entered the cryptocurrency business will buy a Lamborghini very soon.
#MCAP: Market Capitalization
#Moon: To the Moon resembles the All-Time high.
#Nocoiner: A No-coiner can be any person who doesn’t own Bitcoins.
#Noob: A person who is inexperienced/ new to a particular sphere or activity,
#OTC: Over The Counter
#SAFU: Secure Asset Funds for Users.
#Shill: Shill is the holder/owner of altcoins who just wants to promote his digital currency for his own benefit.

Here's the Analysis of #INJ :

#INJ is been following a channel pattern and kept on dropping. With that price is expected to reach the support at $7.25, till that we can have the shorting opportunities. Take it accordingly and play with moderate risk.

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#BTC is unable to hold the line on the retest and is now trading below. There are some mixed signals in the market, and the price is seeking a clear direction. Let's see how the next week unfolds.

Glassnode reveals that long-term Bitcoin holders (holding >155 days) are beginning to realize profits.

This selling pressure is likely acting as a barrier to new all-time highs, even as institutional demand remains strong. While the long-term outlook is still positive, this behavior suggests that profit-taking from early holders could temporarily cap the current rally.

Here is the analysis of #CHESS:

The price has encountered resistance and is now approaching a support zone that has held for a long time. We will see how it reacts this time. If it breaks below this support, it could lead to a new low. Be sure to wait for some confirmation before making a trade.

Support Zone: $0.0565-$0.0628

#Bitcoin weekly candle remains above the resistance area. The price hit the support area and bounced back. However, there are still active sellers near the all-time high resistance zone.