Market Movers: August 26

Are NFT's Actually Back?

 Author: Trav 

Delivering the most relevant info you need to win this coming week.

Not to worry, we will still be delivering high quality alpha and deep dives that you’ve come to trust. This is just another way to help us all grow.

Let’s get into it.

1. Bitcoin Price Overview

  • Chart Insight:

    • Last Week's High: $65,050

    • Last Week's Low: $57,820

    • Weekly Volume: Down from previous week, below average.

    • Daily RSI: 56 - Neutral. (Oversold < 30, Overbought >70)

    • Support Levels: $63k, $60k

    • Resistance Levels: $64.5k, $66.3k, $70k

    • Trend Last Week: Bullish!

  • Social Sentiment:

Mid-High. Expect extreme High to precede dump, or extreme low to precede pump.

  • Whales Positioning:

Wallets with 10-100k BTC took small profits with recent pump.

2. Sector Overview

3. Token Performance

Best and worst performers over the past week, of the top 300 tokens by market cap:

4. VC Project Funding

Top Projects that received VC funding last week.

5. Largest Token Unlocks This Week

6. Top NFT Projects by 7 day Volume Last Week

7. Community Corner

  • Your Voice Matters!

    • Have questions or topics you'd like us to cover? Feel free to reach out by replying to this email and we’ll give you a shout out as well!

    • This Week’s Question: “Why is Volume Profile so important?” - Thanks Cobi for the great question!

  • Answer: Because it shows us the most important trading levels!

  • Take a look at this chart….

The volume profile shows us which price levels are transacted on the most.

It automatically generates 4 important lines for us:

  • VAH: (Value Area High) the top of the range. Top Blue Line.

  • VAL: (Value Area Low) the bottom of the range. Bottom Blue Line.

  • POC: (Point of Control) the most active trading level in the range. Purple Line.

  • VWAP: (Volume Weighted Average Price) the mean trading level. Grey Line.

How do I use these levels?

  • VAH/VAL: If price is within these areas, we will keep trading sideways. Expect price to jump between these two levels.

  • POC: The most important level. If price is above, I have a bullish bias, and vice versa. It acts as a magnet AND a solid Support/Resistance.

  • VWAP: Same as POC, slightly less powerful.

Bonus Alpha: 

New opportunity with the Yeti-Apes:

Are you passionate about content creation? Join the Yeti-Ape discord server and reach out to the team for opportunities to create content for up and coming protocols! Successful candidates will be rewarded with Yeti-Ape tokens.

Check out their bio on X and join their discord server HERE.

Finally, we'll be giving away exclusive thank-you gifts to our early supporters, so be sure to invite your friends to subscribe to Growth Bytes. Link below 👇️ 

http://web3bytes.beehiiv.com/subscribe

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