👉♦️The morning star candlestick pattern is considered a sign of hope in a bleak market downtrend. It is a three-candlestick pattern: one short-bodied candle between a long red and a long green candle. Traditionally, the ‘star’ will have no overlap with the longer bodies, as the market gaps both on open and close.It signals that the selling pressure of the first day is subsiding, and a bullish reversal is on the horizon.
The morning star candlestick pattern is considered a sign of hope in a bleak market downtrend. It is a three-candlestick pattern: one short-bodied candle between a long red and a long green candle. Traditionally, the ‘star’ will have no overlap with the longer bodies, as the market gaps both on open and close.
It signals that the selling pressure of the first day is subsiding, and a bullish reversal is on the horizon.
👉♦️The morning star candlestick pattern is considered a sign of hope in a bleak market downtrend. It is a three-candlestick pattern: one short-bodied candle between a long red and a long green candle. Traditionally, the ‘star’ will have no overlap with the longer bodies, as the market gaps both on open and close.
It signals that the selling pressure of the first day is subsiding, and a bullish reversal is on the horizon.
The Harami cross pattern is another very common candlestick reversal pattern. The key to successfully reading this pattern is watching the volume. Here we are looking for strong volume on the trend leading up to the cross, and then low volume and very short tails on the Harami cross candle. This indicates a strong and sudden lack of confidence by traders in the prevailing trend, which is often followed by a reversal.
Bullish and bearish engulfings are some of the most popular candlestick patterns - and for a good reason! When properly identified, these candlestick patterns are among the most reliable. The key is in the length of the candlesticks. Ideally, the first candle should be short on low volume and the second one should be long on high volume. This indicates indecision in the last portion of a trend and then a decisive reversal in a different direction.
🔥🔥2,500,000 RLUSD Issued as Ripple Releases New Report: Details
♦️♦️Total of 11.6 million RLUSD stablecoin minted in last 48 hours ❤️👉Within the last 24 hours, Ripple has issued an additional 2,500,000 RLUSD tokens after earlier minting 2 million RLUSD tokens. On Feb. 28 alone, a total of 4.5 million RLUSD were minted at the RLUSD Treasury. After a brief pause last month, Ripple resumed minting RLUSD stablecoin Feb. 27, issuing 7.1 million RLUSD tokens. As it's usual practice since RLUSD launched globally in December 2024, Ripple has released its attestatio
👉♦️In the past 24 hours , 301,849 traders were liquidated , the total liquidations comes in at $925.07 million.The largest single liquidation order happened on Bitmex - XBTUSD value $10.00M.
✅✅Abu Dhabi Discloses $437M Stake in BlackRock Spot Bitcoin ETF
♦️The ownership interest was held via Mubadala Investments, one of the country's sovereign wealth funds
🔥🔥🔥What to know:
👉The Middle Eastern city of Abu Dhabi on Friday disclosed a $436.9 million stake in BlackRock's iShares Bitcoin ETF (IBIT) as of Dec. 31, 2024.
The stake was held via Mubadala Investments, one of the country's sovereign wealth funds, per a 13F filing with the U.S. Securities and Exchange Commission.
The price of bitcoin (BTC) has rallied about 0.5% on the news to $97,400.
✅El Salvador Dispatch: Searching for Bitcoin City, the Modern El Dorado
👉♦️ President Nayib Bukele vowed to build Bitcoin City on the Conchagua volcano. CoinDesk went looking for signs of construction.
What to know:
♦️El Salvador President Nayib Bukele vowed in 2021 to establish Bitcoin City.
♦️CoinDesk reporter Tom Carreras traveled to the purported location. There are no signs of construction, although an airport is being built 30 minutes away.
🔥 Top 5 Largest Bitcoin Holders: Who Controls the Most BTC?
1.✅Satoshi Nakamoto (Country: Unknown) 1,100,000 BTC (1.1M BTC) 👉The pseudonymous creator of Bitcoin, Satoshi Nakamoto, remains the largest holder of Bitcoin. With an estimated 1.1 million $BTC , Satoshi's fortune has never been moved from its original addresses since the early days of Bitcoin, sparking ongoing speculation about their identity and intentions.
2:- ✅Binance (Origin Country: China, Current: Japan) 550,133 BTC 👉Binance, the world’s largest cryptocurrency exchange by trading volume, was based in China (now in Japan). Its vast holdings of over 550,000 BTC highlight the influence of the exchange in the global crypto market. Binance plays a central role in facilitating Bitcoin transactions and custodial services for millions of users worldwide.
3:- ✅BlackRock (Country: USA) 305,614 BTC 👉BlackRock, an American multinational investment management corporation, holds over 300,000 BTC. As the largest asset manager in the world, BlackRock's entry into Bitcoin ownership reflects the growing institutional adoption of cryptocurrency within traditional financial markets.
4:-✅Coinbase (Country: USA) 294,000 BTC 👉Coinbase, a leading cryptocurrency exchange in the United States, holds nearly 300,000 BTC. These holdings represent the assets of millions of users stored securely on the platform. Coinbase's prominent position in the Bitcoin ecosystem underscores its role as a gateway for new investors and institutions.
5:-✅Grayscale (Country: USA) 263,801 BTC 👉Grayscale, a U.S.-based digital currency investment firm, holds more than 260,000 BTC. It operates one of the largest Bitcoin investment trusts (GBTC), providing institutional and accredited investors with indirect exposure to Bitcoin without needing to directly buy and hold the asset.