Traders are very optimistic about Bitcoin's daily RSI, which has once again entered the oversold zone. In previous instances, we saw increases of 60%, 63%, and 196%. 😃
Bitcoin ETFs showed an inflow of funds after 7 days of sell-offs, but it was small, only $31 million. For the dreams of traders from the first paragraph to come true, BTC needs to consolidate above $62k and then $64k. 🥇
The biggest WIF whale bought more Dogecoin with a hat for $4.65 million, bringing his current position in the meme token to $49.6 million. 🙂
Hackers hacked the Twitter account of the iconic band Metallica and tried to promote the fake token METAL. Control over the account has been restored, and the token has crashed. ⌛️
The Brazilian neobank Nubank, in which Berkshire Hathaway invests, will offer its 100 million customers payments through the Lightning Network. ⚡️
📈Top-3 in the last 24 hours: Notcoin - $0.01618 (↑14.87%) dogwifhat - $2.01 (↑10.13%) Ethereum Name Service - $24.87 (↑9.28%)
$156 Million in Long Positions Liquidated in 24 Hours 👀
🌧Major FUD (Fear, Uncertainty, Doubt) Currently:
▪️There is widespread concern that the return of BTC and BCH from Mt Gox will lead to immediate market sales, causing the market to decline even further.
▪️Ethereum ETF Demand: There is skepticism about the demand for an Ether ETF, with fears that prices might drop to $2,400 once trading begins.
▪️Rumors are circulating that Solana may be under investigation, potentially leading to significant market impacts soon.
☀️Positive Highlights:
▪️Michael Saylor’s Prediction: Michael Saylor has predicted that Bitcoin will eventually reach a price of $10 million, and that China will lift its ban on cryptocurrency trading.
▪️The Japanese company Metaplanet, similar to MicroStrategy, plans to issue $6.3 million in bonds to purchase BTC.
💵Tether seems to have remembered its promise to comply with US sanctions and has frozen several addresses with a total balance of $47 million.
🪙BTC falls below the $64k level and wonders what's further down... Bitcoin ETFs are not helping the crypto market at all, with another $140 million withdrawn from them.
🟠Binance has added support for USDT on the TON network, with $580 million already issued on this blockchain .
✉️In Canada, an application for a Solana-based ETF has been filed. The practice of ETFs shows that only funds in the US matter for the market, but you have to start somewhere .
💸The founders of the Gemini crypto exchange, the Winklevoss brothers, donated $2 million in BTC to Trump.
Richard Teng, in a recent interview with Bankless, said he expects BTC to break $80k by the end of 2024. He argued this based on demand and the reduction of supply in the market.
➕ He also added that 2025 will be positive for BTC and crypto in general due to macroeconomic events. His forecast for 2025 is $120k for BTC 👀
Two mistakes Traders make that affects their growth. Second one is very important.
1. Patience : don't mistake wasting your time for being patience.
2. Don't mistake Stagnation with Consistency, we know trading is a journey, enjoy the process, allow yourself grow, repeat what works consistently, but make sure you are actually growing,
As a professional trader (not newbie), If you have been consistently profitable for the past 2 years trading a $1000 account, it's only natural that your account size should increase by now significantly. But if there is no significant growth in your account, then you are not profitable, you might make big bags this month, you lose it next month, at the end of the year, you are left with nothing then you are stagnant.
This is why Journaling is important, helps you measure your growth. some say it's overrated, Trust me They are not consistent.
Make $40 Every Day on Binance Without Risk | Earn $700 Monthly
Hello, new traders! Want to learn how to make $40 a day on Binance without taking any risks? Let's talk about scalping and how it can help you make consistent profits.
Understanding Scalping: Scalping is a trading strategy where you aim to make quick profits from small price movements in the market. It's about making lots of small trades to build up your earnings.
The Plan:
Start with $100 and use 10x leverage. Be careful because leverage can increase both your profits and losses.
Find coins with good potential for short-term price changes. Do your research to make smart choices.
Follow the 3.5% Rule: Once a coin's value goes up by 10%, close the trade to secure your profit.
Calculate your trade value: With a $100 margin, a 10% price increase means a $10 profit.
Trade wisely: Aim for consistent $10 profits and don't get greedy.
Manage risks: Keep $300 extra in your wallet to cover any potential losses.
The Math: By making 3 trades each earning $10, you can reach your $30 daily goal. Imagine how these small gains can add up over time!
Don't share sensitive info. Chats may be reviewed and
BTC Broke Down Head And Shoulders Pattern, Which Is A Bearish Pattern.
Once It Successfully Retests The Neckline, We Will See Dump In BTC.
MINOR DUMP COMING... TRADERS HOLD TIGHT. 🤣🤣 WE MIGHT JINGLE OVER LIKE A MOTOR SOO LN 🤣🤣🤣
And why is that 👇👇
Grayscale, a company that helps people invest in cryptocurrencies, wanted to create a special fund called an ETF (exchange-traded fund) that would allow investors to buy and sell Ethereum (a popular cryptocurrency) on the stock market. This would have made it easier for people to invest in Ethereum.
However, Grayscale has now withdrawn their proposal, which means they are no longer pursuing this idea. This means that investors won't have this specific option to invest in Ethereum through an ETF.
But don't worry, Grayscale still offers other ways to invest in Ethereum, like their Grayscale Ethereum Trust (ETHE). This allows investors to buy and hold Ethereum through a security, which is a bit like a stock.
So, while one door has closed, other options are still available for those who want to invest in Ethereum!
With all indications, they call it a false rise And keep deceiving you.
They said BTC would crash to 40k Just to scare you to sell at a loss
The only way to save yourself from this mental stress Just take a break for a while If possible deactivate your wallet Then come back after some months