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Cryptocurrency Use Cases: Beyond Transactions
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📣 MicroStrategy Acquires 55,500 BTC ( $5.4 Billion ) in Bitcoin 🤯 MicroStrategy has made another big move, purchasing 55,500 Bitcoins for about $5.4 billion. ▪️ When: November 18 - 24, 2024 ▪️ Average Price: ~$97,862 per #Bitcoin ▪️ Total Holdings: 386,700 BTC$BTC This shows #MicroStrategy strong belief in Bitcoin as a store of value, even with the ups and downs of the market. $BTC
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ETH : 💩 $ETH
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$XTZ 4HR ANALYSIS KEY OBSERVATIONS 1. 25MA as Strong Support: The 25MA has been a reliable support level, keeping the price in a bullish structure. A sustained hold above this level strengthens the case for further upside. 2. Consolidation Phase: XTZ is consolidating in a tight range, signaling the potential for a breakout in the coming sessions. 3. Volume Decline: Low volume indicates a possible accumulation phase before the next significant move. PRICE ACTION ZONES Immediate Support: $1.2052 (25MA) This is the key level to watch. A breakdown below could lead to short-term bearish action. Immediate Resistance: $1.40 A breakout above this level could trigger a strong rally. TRADING STRATEGY Bullish Scenario: Consider long positions as long as XTZ holds above the 25MA ($1.2052). Stop Loss: $1.14 to minimize risk. Take Profit Levels: 1.60 , 1.80, 2 & 2.3 Bearish Scenario: If XTZ breaks below $1.2052, expect a retest of $0.92 (99MA) as the next support. My Current Position: I entered a long trade yesterday, using 2-4% of my capital, with a stop loss at $1.14. Holding as the 25MA remains a strong support. $XTZ #NotPriceSurge #DYOR
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