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Ben Walther
@ben__crypto23
I provide clear, hype-free crypto insights to help you make smarter decisions. Binance Top 10 Creator — Author of a free daily newsletter — X: @ben__crypto23
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Beyond the Hype: 6 Reasons Why Bitcoin and Altcoins Could Go Much Higher
The 2024 election might just be the best thing that ever happened to Bitcoin and the crypto space.
With Trump and pro-Bitcoin leaders taking over Congress and the White House, we’re (most likely) about to see a dramatic shift in how digital assets are treated in the U.S.
While the current price action is mainly driven by hype, this could be about setting the stage for real, long-term growth across the industry.
Here's why:
Death To Operation Chokepoint 2.0
For the past couple of years, Operation
With Trump and pro-Bitcoin leaders taking over Congress and the White House, we’re (most likely) about to see a dramatic shift in how digital assets are treated in the U.S.
While the current price action is mainly driven by hype, this could be about setting the stage for real, long-term growth across the industry.
Here's why:
Death To Operation Chokepoint 2.0
For the past couple of years, Operation
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It was an absolute pleasure and honor to receive the Binance Creator Award today at Binance Blockchain Week, presented by Yi He herself!
Feeling incredibly humbled, thrilled, and grateful to everyone who has supported me on this journey. 🫶
Feeling incredibly humbled, thrilled, and grateful to everyone who has supported me on this journey. 🫶
Technical Indicator Signals — 14th November 2024
Let's dive into today's technical indicators signals based on MACD, RSI, and EMA200.
Bearish MACD Crossover 🔴
- Aexelar $AXL
- Ethereum Name Service $ENS
- SafePal $SFP
Overbought RSI 🔴
- dogwifhat $WIF
- BONK $BONK
- Floki $FLOKI
- Pepe $PEPE
- Sui $SUI
Bearish EMA200 Crossover 🔴
- Golem $GLM
- JasmyCoin $JASMY
- GALA $GALA
- Celo $CELO
Let's dive into today's technical indicators signals based on MACD, RSI, and EMA200.
Bearish MACD Crossover 🔴
- Aexelar $AXL
- Ethereum Name Service $ENS
- SafePal $SFP
Overbought RSI 🔴
- dogwifhat $WIF
- BONK $BONK
- Floki $FLOKI
- Pepe $PEPE
- Sui $SUI
Bearish EMA200 Crossover 🔴
- Golem $GLM
- JasmyCoin $JASMY
- GALA $GALA
- Celo $CELO
Bitcoin Deep-Dive
To analyze Bitcoin's crucial level right now we have to go down to lower timeframes, such as the 4H or 1H chart.
However, before discussing the data just a quick reminder that overall nothing has changed. The high-level outlook is massively bullish. So, everything mentioned below happens on lower timeframes!
When checking the lower timeframes, we see Bitcoin in a ascending broadening wedge with high-volume spikes followed by pullbacks. This hints an increased selling pressure near resistance levels (in BTC's case new ATHs).
This pattern typically signals a potential reversal or slowdown in the uptrend, particularly if it forms after a prolonged upward movement. Moreover, the volume pattern supports the pattern perfectly since broadening wedges often feature volume spikes, as volatility increases with each oscillation.
If Bitcoin fails to hold above the lower boundary, this could signal a breakdown from the pattern, increasing the likelihood of a pullback.
On the other side, the current market can easily surprise us. Accordingly, a breakout above the upper boundary would suggest strong bullish momentum, but given the broadening structure, this would require significant volume and strength.
Conclusion
The ascending broadening wedge pattern implies caution. While Bitcoin remains in an uptrend, the expanding structure and increased volatility signal that the uptrend may not be as stable. Therefore, you should keep a close eye on the lower boundary for potential breakdowns.
To analyze Bitcoin's crucial level right now we have to go down to lower timeframes, such as the 4H or 1H chart.
However, before discussing the data just a quick reminder that overall nothing has changed. The high-level outlook is massively bullish. So, everything mentioned below happens on lower timeframes!
When checking the lower timeframes, we see Bitcoin in a ascending broadening wedge with high-volume spikes followed by pullbacks. This hints an increased selling pressure near resistance levels (in BTC's case new ATHs).
This pattern typically signals a potential reversal or slowdown in the uptrend, particularly if it forms after a prolonged upward movement. Moreover, the volume pattern supports the pattern perfectly since broadening wedges often feature volume spikes, as volatility increases with each oscillation.
If Bitcoin fails to hold above the lower boundary, this could signal a breakdown from the pattern, increasing the likelihood of a pullback.
On the other side, the current market can easily surprise us. Accordingly, a breakout above the upper boundary would suggest strong bullish momentum, but given the broadening structure, this would require significant volume and strength.
Conclusion
The ascending broadening wedge pattern implies caution. While Bitcoin remains in an uptrend, the expanding structure and increased volatility signal that the uptrend may not be as stable. Therefore, you should keep a close eye on the lower boundary for potential breakdowns.
Top 5 Tokens With Highest Short Ratio 📉📉
Out of 500 tokens, here are the top 5 tokens that show the highest short ratio regarding open positions.
However, it is worth mentioning that even these five tokens show a relatively low short ratio (except for AGLD). Obviously, this means that, overall, traders are betting on a continuation of the bullish market.
Here's the overview:
5 — Tron $TRX — Open Short Percentage: 52%
4 — Sui $SUI — 53%
3 — Zcash $ZEC — 55%
2 — Bitcoin $BTC — 55%
1 — Adventure Gold $AGLD — 63%
Out of 500 tokens, here are the top 5 tokens that show the highest short ratio regarding open positions.
However, it is worth mentioning that even these five tokens show a relatively low short ratio (except for AGLD). Obviously, this means that, overall, traders are betting on a continuation of the bullish market.
Here's the overview:
5 — Tron $TRX — Open Short Percentage: 52%
4 — Sui $SUI — 53%
3 — Zcash $ZEC — 55%
2 — Bitcoin $BTC — 55%
1 — Adventure Gold $AGLD — 63%
Technical Indicator Signals — 13th November 2024
The market is taking a breather. Time to look at the technical indicator signals on the daily chart, which are mainly bearish due to the recent pullback..
Bearish MACD Crossover 🔴
- Turbo $TURBO
- ApeCoin $APE
Bearish EMA200 Crossover 🔴
- POL $POL
- BOOK OF MEME $BOME
- Golem $GLM
- Polymesh $POLYX
- JasmyCoin $JASMY
- GALA $GALA
- Trust Wallet $TWT
- Nervos Network $CKB
- Celo $CELO
- Oasis $ROSE
The market is taking a breather. Time to look at the technical indicator signals on the daily chart, which are mainly bearish due to the recent pullback..
Bearish MACD Crossover 🔴
- Turbo $TURBO
- ApeCoin $APE
Bearish EMA200 Crossover 🔴
- POL $POL
- BOOK OF MEME $BOME
- Golem $GLM
- Polymesh $POLYX
- JasmyCoin $JASMY
- GALA $GALA
- Trust Wallet $TWT
- Nervos Network $CKB
- Celo $CELO
- Oasis $ROSE
8 Key Facts About the Latest Bitcoin Rally – and a Potential Warning
Bitcoin’s recent rally set the market on fire. However, as a data-driven person, I wanted to look behind the hype and break down the numbers that are driving the market.
Consequently, I put together six critical facts, figures, and trends that explain what’s happening—and one crucial warning to remember as we look to the future.
Fact #1: Institutions Are Driving The Price
Professional investors have been gaining massive influence in the crypto space. Eric Demuth, CEO of the crypto exchange Bitpa
Consequently, I put together six critical facts, figures, and trends that explain what’s happening—and one crucial warning to remember as we look to the future.
Fact #1: Institutions Are Driving The Price
Professional investors have been gaining massive influence in the crypto space. Eric Demuth, CEO of the crypto exchange Bitpa
Oh, who’s that :)
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🔥 At #BinanceBlockchainWeek, we caught up with @BenCrypto, the mastermind behind captivating crypto content—without a trace of AI! 💥 He shared his secrets for making technical analysis entertaining and how he connects with his audience in a world full of AI-driven content. 📈🚀 Don’t miss this unique perspective on #CryptoOGs
#BenCrypto
#BenCrypto
Dogecoin just hit a market cap of $60B.
Only the four largest banks in Europe have a larger market cap.
Let that sink!
$DOGE
Only the four largest banks in Europe have a larger market cap.
Let that sink!
$DOGE
Foxy (FOXY) — Chart Analysis & Trade Setups
Chart-wise, FOXY broke through the crucial resistance slightly below 0.012. This was the sign we'd been waiting for. FOXY is correcting, but it seems to hold above the level nicely.
Technical Indicators
- MACD: Bullish 🟢
- RSI: Neutral (close to overbought) 🟢
- VMA: Bullish 🟢
- Triple EMA: Trading above all EMAs 🟢
- ADX: 25, indicating a light trend 🔵
Trade Setup
Since FOXY trades right between support and resistance, it depends on your risk strategy how you enter
- Entry 1: You can enter right now. However, you must use a greater stop-loss percentage.
- Entry 2: Wait for the price to correct further and bounce off the 0.012 level. This is the safer entry, but due to the bullish market, there's the risk of missing the entry.
- Profit Target 1: $0.017
- Profit Target 2: $0.026
- Stop Loss: $0.0105
Chart-wise, FOXY broke through the crucial resistance slightly below 0.012. This was the sign we'd been waiting for. FOXY is correcting, but it seems to hold above the level nicely.
Technical Indicators
- MACD: Bullish 🟢
- RSI: Neutral (close to overbought) 🟢
- VMA: Bullish 🟢
- Triple EMA: Trading above all EMAs 🟢
- ADX: 25, indicating a light trend 🔵
Trade Setup
Since FOXY trades right between support and resistance, it depends on your risk strategy how you enter
- Entry 1: You can enter right now. However, you must use a greater stop-loss percentage.
- Entry 2: Wait for the price to correct further and bounce off the 0.012 level. This is the safer entry, but due to the bullish market, there's the risk of missing the entry.
- Profit Target 1: $0.017
- Profit Target 2: $0.026
- Stop Loss: $0.0105
Technical Indicator Signals — 12th November 2024
The market is amazingly bullish. Accordingly, we see many overbought and bearish trend reversal signals. However, it is worth mentioning that in a market like this coins can stay overbought for a long time! Please keep in mind!
Bullish MACD Crossovers 🟢
- Turbo $TURBO
Overbought RSI Signals 🔴
- Neiro $NEIRO
- Render $RENDER
- Ethena $ENA
- Bonk $BONK
- Floki $FLOKI
- Pepe $PEPE
- Sui $SUI
- NEXO $NEXO
- GALA $GALA
- Gnosis $GNO
- Shiba Inu $SHIB
Bearish EMA200 Crossover 🔴
- Metis $METIS
- Blur $BLUR
- GMX $GMX
- Flux $FLUX
- Conflux $CFX
Bullish EMA200 Crossover 🟢
- Worldcoin $WLD
The market is amazingly bullish. Accordingly, we see many overbought and bearish trend reversal signals. However, it is worth mentioning that in a market like this coins can stay overbought for a long time! Please keep in mind!
Bullish MACD Crossovers 🟢
- Turbo $TURBO
Overbought RSI Signals 🔴
- Neiro $NEIRO
- Render $RENDER
- Ethena $ENA
- Bonk $BONK
- Floki $FLOKI
- Pepe $PEPE
- Sui $SUI
- NEXO $NEXO
- GALA $GALA
- Gnosis $GNO
- Shiba Inu $SHIB
Bearish EMA200 Crossover 🔴
- Metis $METIS
- Blur $BLUR
- GMX $GMX
- Flux $FLUX
- Conflux $CFX
Bullish EMA200 Crossover 🟢
- Worldcoin $WLD
Top 5 Most Bullish & Bearish Tokens 🚀
Once again, I assessed over 500 tokens using a sophisticated scoring method, resulting in the top bullish and bearish tokens right now.
Here’s how it works:
▸ The assessment is based on price action and key technical indicators.
▸ I also track recent trade signals, such as MACD crossovers, Ichimoku crossovers, PSAR flips, and others, to capture short-term momentum.
▸ Each aspect adds to the final score, with the most bullish tokens scoring up to 150 and the most bearish down to -150.
Here are the results!
Top 5 Most Bullish Tokens
1 — Tron $TRX
2 — Biconomy $BICO
3 — Maker $MKR
4 — ZCash $ZEC
5 — Wing Finance $WING
Top 5 Most Bearish Tokens
5 — League Of Kingdoms Arena $LOKA
4 — OG Fan Token $OG
3 — Unifi Protocol DAO $UNFI
2 — Orion $ORN
1 — Klaytn $KLAY
Once again, I assessed over 500 tokens using a sophisticated scoring method, resulting in the top bullish and bearish tokens right now.
Here’s how it works:
▸ The assessment is based on price action and key technical indicators.
▸ I also track recent trade signals, such as MACD crossovers, Ichimoku crossovers, PSAR flips, and others, to capture short-term momentum.
▸ Each aspect adds to the final score, with the most bullish tokens scoring up to 150 and the most bearish down to -150.
Here are the results!
Top 5 Most Bullish Tokens
1 — Tron $TRX
2 — Biconomy $BICO
3 — Maker $MKR
4 — ZCash $ZEC
5 — Wing Finance $WING
Top 5 Most Bearish Tokens
5 — League Of Kingdoms Arena $LOKA
4 — OG Fan Token $OG
3 — Unifi Protocol DAO $UNFI
2 — Orion $ORN
1 — Klaytn $KLAY
My 7 Best Tips for Navigating a Bull Run
I received a couple of requests for bull run tips. Therefore, I thought creating a special newsletter edition and sharing my seven best tips would be a good idea.
These tips are based on my experience. They don't claim to be perfect, but they were helpful for me when navigating a bull run. So, I hope they provide some value to you, too!
Because if there’s one thing I’ve learned from the last two bull runs, it’s this: bull markets are not as smooth or predictable as they seem.
Let's dive in!
1 —
These tips are based on my experience. They don't claim to be perfect, but they were helpful for me when navigating a bull run. So, I hope they provide some value to you, too!
Because if there’s one thing I’ve learned from the last two bull runs, it’s this: bull markets are not as smooth or predictable as they seem.
Let's dive in!
1 —
Technical Indicator Signals — 11th November 2024
New week, new trade signals! Here are the hottest signals on the daily chart.
Bullish MACD Crossover 🟢
* Memecoin $MEME
Overbought RSI Signals 🔴
- Ethena $ENA
- Sui $SUI
- Gnosis $GNO
- Raydium $RAY
- Shiba Inu $SHIB
Bullish VMA Trend 🟢
- Render $RENDER
- dogwifhat $WIF
- Bonk $BONK
- Sei $SEI
- Floki $FLOKI
- Apecoin $APE
- PancakeSwap $CAKE
- The Graph $GRT
Bullish EMA200 Crossover 🟢
- Mina Protocol $MINA
New week, new trade signals! Here are the hottest signals on the daily chart.
Bullish MACD Crossover 🟢
* Memecoin $MEME
Overbought RSI Signals 🔴
- Ethena $ENA
- Sui $SUI
- Gnosis $GNO
- Raydium $RAY
- Shiba Inu $SHIB
Bullish VMA Trend 🟢
- Render $RENDER
- dogwifhat $WIF
- Bonk $BONK
- Sei $SEI
- Floki $FLOKI
- Apecoin $APE
- PancakeSwap $CAKE
- The Graph $GRT
Bullish EMA200 Crossover 🟢
- Mina Protocol $MINA
VMA Trend Signals — 10th November 2024
It's time to examine the VMA Trend signal and identify the most promising tokens. Due to its high reliability, the VMA Trend signal is by far one of my favorites.
Indicator Background:
→ The VMA Trend indicator is a high-quality technical indicator often included in professional suites, some of which cost over $1000/y.
→ It tracks volume-weighted moving averages to detect potential trend reversals.
→ When a VMA Trend Flip occurs, it indicates a shift in the market momentum.
Unsurprisingly, there are only Bullish VMA Flip signals 🟢
Here's the list of tokens:
• $APT Aptos - CMC Rank 27
• $ICP Internet Computer - CMC Rank 30
• $PEPE Pepe - CMC Rank 31
• $ARB Arbitrum - CMC Rank 49
• $JASMY JasmyCoin - CMC Rank 81
• $FLOW Flow - CMC Rank 92
• $STRK Starknet - CMC Rank 102
• $AXS Axie Infinity - CMC Rank 106
• $XEC eCash - CMC Rank 107
• $ORDI ORDI - CMC Rank 108
• $ENS Ethereum Name Service - CMC Rank 128
• $LUNC Terra Luna Classic - CMC Rank 139
• $ROSE Oasis - CMC Rank 143
• $APE ApeCoin - CMC Rank 144
• $SUPER SuperVerse - CMC Rank 148
• $GMT GMT - CMC Rank 182
It's time to examine the VMA Trend signal and identify the most promising tokens. Due to its high reliability, the VMA Trend signal is by far one of my favorites.
Indicator Background:
→ The VMA Trend indicator is a high-quality technical indicator often included in professional suites, some of which cost over $1000/y.
→ It tracks volume-weighted moving averages to detect potential trend reversals.
→ When a VMA Trend Flip occurs, it indicates a shift in the market momentum.
Unsurprisingly, there are only Bullish VMA Flip signals 🟢
Here's the list of tokens:
• $APT Aptos - CMC Rank 27
• $ICP Internet Computer - CMC Rank 30
• $PEPE Pepe - CMC Rank 31
• $ARB Arbitrum - CMC Rank 49
• $JASMY JasmyCoin - CMC Rank 81
• $FLOW Flow - CMC Rank 92
• $STRK Starknet - CMC Rank 102
• $AXS Axie Infinity - CMC Rank 106
• $XEC eCash - CMC Rank 107
• $ORDI ORDI - CMC Rank 108
• $ENS Ethereum Name Service - CMC Rank 128
• $LUNC Terra Luna Classic - CMC Rank 139
• $ROSE Oasis - CMC Rank 143
• $APE ApeCoin - CMC Rank 144
• $SUPER SuperVerse - CMC Rank 148
• $GMT GMT - CMC Rank 182
Technical Indicator Signals — 10th November 2024
Market is going parabolic. Time to take a look at some technical indicator signals!
Strong Bullish Ichimoku Signal 🟢🟢🟢
• $ORDI ORDI - CMC Rank 108
• $XEC eCash - CMC Rank 107
Moderate Bullish Ichimoku Signal 🟢🟢
• $FLUX Flux - CMC Rank 275: Bullish cross in the cloud
Bullish MACD Crossover 🟢
• $BOME BOOK OF MEME - CMC Rank 157
• $AXL Axelar - CMC Rank 136
• $OM MANTRA - CMC Rank 72
RSI Turned Overbought 🔴
• $HMSTR Hamster Kombat - CMC Rank 208
• $ARKM Arkham - CMC Rank 176
• $NEXO NEXO - CMC Rank 130
• $SHIB Shiba Inu - CMC Rank 14
• $NEIRO Neiro - CMC Rank 155
• $ENA Ethena - CMC Rank 87
• $JUP Jupiter - CMC Rank 76
• $SUI Sui - CMC Rank 25
• $GNO Gnosis - CMC Rank 169
• $RAY Raydium - CMC Rank 151
Market is going parabolic. Time to take a look at some technical indicator signals!
Strong Bullish Ichimoku Signal 🟢🟢🟢
• $ORDI ORDI - CMC Rank 108
• $XEC eCash - CMC Rank 107
Moderate Bullish Ichimoku Signal 🟢🟢
• $FLUX Flux - CMC Rank 275: Bullish cross in the cloud
Bullish MACD Crossover 🟢
• $BOME BOOK OF MEME - CMC Rank 157
• $AXL Axelar - CMC Rank 136
• $OM MANTRA - CMC Rank 72
RSI Turned Overbought 🔴
• $HMSTR Hamster Kombat - CMC Rank 208
• $ARKM Arkham - CMC Rank 176
• $NEXO NEXO - CMC Rank 130
• $SHIB Shiba Inu - CMC Rank 14
• $NEIRO Neiro - CMC Rank 155
• $ENA Ethena - CMC Rank 87
• $JUP Jupiter - CMC Rank 76
• $SUI Sui - CMC Rank 25
• $GNO Gnosis - CMC Rank 169
• $RAY Raydium - CMC Rank 151
Market Anticipates A Correction?
When looking at the long/short ratio of open orders, it appears that the market is anticipating a correction or at least a pullback.
Compared to the previous days, the percentage of longs trades dipped below the 50% threshold for most major coins.
Regarding Bitcoin, we have 40% open long orders and almost 60% open short orders.
When looking at Solana, we get a similar picture: 43% long orders and 56% short orders.
The long/short ratio typically provides a thorough sentiment of the short-term market moves. However, it can also act as an accelerator if the market moves in the opposite direction.
$BTC $SOL
When looking at the long/short ratio of open orders, it appears that the market is anticipating a correction or at least a pullback.
Compared to the previous days, the percentage of longs trades dipped below the 50% threshold for most major coins.
Regarding Bitcoin, we have 40% open long orders and almost 60% open short orders.
When looking at Solana, we get a similar picture: 43% long orders and 56% short orders.
The long/short ratio typically provides a thorough sentiment of the short-term market moves. However, it can also act as an accelerator if the market moves in the opposite direction.
$BTC $SOL