Bitcoin ($BTC) recovered more than anticipated from $49,050 and is currently moving into a well-known range, close to the 200MA line, with a potential gap fill at $59,000. Strong purchasing pressure is necessary for a reversal; otherwise, sellers will continue to dominate.
I have invested in smaller currencies that perform well in this market, such as WIF and ONDO. Bitcoin faces resistance at $59,600 (200MA) and $59,300 (previous support). If it fails to breach these levels with significant momentum, the downward trend might persist. Reversing this trend will require substantial purchasing power.
A "whale trap" is a strategy used by large cryptocurrency holders, often called "whales," to manipulate the market. Here’s how it generally works:
1. **Sell-off to Trigger Panic**: Whales may sell a large amount of a cryptocurrency to create a sudden drop in price. This can cause panic among smaller investors, leading them to sell their holdings out of fear of further losses.
2. **Buy Back at Lower Prices**: Once the price has dropped significantly due to the panic selling, the whales then buy back the cryptocurrency at a much lower price. This allows them to accumulate more of the asset at a reduced cost.
3. **Price Rebound**: After the whales have bought back enough, the price of the cryptocurrency may stabilize or even rise again, leading to potential profits for the whales.
This tactic takes advantage of the psychology of smaller investors and market volatility, allowing whales to increase their holdings and influence the market.
Ever wondered why dips seem endless? Here’s the truth: Major players with low acquisition costs can keep offloading assets.
- **Why the Sell-Off?** They can sell at a profit no matter how low the price goes.
- **The Pitfall for Retail Investors:** You might think buying the dip is a bargain, but these big players are ready to sell off their holdings to you, leaving you holding the bag.
- **Reality Check:** If the market’s filled with retail buying, don’t expect a price surge. Big players might just continue their selling spree. - **The Hard Truth:** Price charts can be manipulated. Buying the dip isn’t a guaranteed path to profits.
1. Polygon has announced a significant transition from its MATIC token to a new token called POL, scheduled for September 4, 2024. This upgrade aims to enhance the network's functionality and has led to recent price fluctuations.
2. Polygon facilitated Italy's first digital bond transaction in collaboration with major Italian banks. This initiative aligns with the European Central Bank's efforts to explore blockchain technology for financial settlements.
3. Polygon continues to innovate through partnerships with companies like Google Cloud and Accenture, focusing on transforming loyalty programs using Web3 technology.
**📊 Technical Analysis:**
- MATIC is currently trading around $0.52. The recent price dip is influenced by the upcoming token upgrade and broader market conditions. - **MACD** is showing bearish momentum, but a reversal could occur if buying pressure increases. - **RSI** is around 40, approaching the oversold zone, which may indicate a potential buying opportunity.
- The price is near the lower Bollinger Band, suggesting potential volatility and a possible rebound.
**🔮 Predicted Movement:**
Given the upcoming token upgrade and positive developments in partnerships and blockchain adoption, MATIC might rebound. While technical indicators show bearish momentum, the oversold RSI and the lower Bollinger Band suggest a possible price recovery.
**📝 Conclusion:**
Hold your position for now and monitor for any reversal signals. If the price breaks above key resistance levels around $0.55 with increased volume, consider going long. However, be prepared for further downside if bearish trends continue and set stop-losses accordingly.---Feel free to adjust any details or request more changes!
Bitcoin price dropped from around $67,000 to $66,074 at the time of writing. This was due to the latest announcement regarding MtGox. Kraken exchange has largely completed the refunds, but it is not the last exchange to do so. What does the latest announcement mean? Why Is Bitcoin Dropping?
Bitcoin price fell to $66,074. This was due to an announcement made by Bitstamp. According to the exchange’s statement, they have received the assets and will complete the refunds soon. A separate announcement will be made when the refund is completed. Another source stated that the refunds will be made on July 25.
🚨🚨Top 5 Cryptos to Make You a Millionaire by 2024! 🚀
Top 5 Best Crypto Coins for Long-Term Investment in July 2024 – Don’t Miss Out 🚀
1️⃣ Polkadot ($DOT ) 🌐
Polkadot is renowned for its multi-chain capabilities. It has shown a robust 30-35% increase over the past year. With its advanced technology and various applications, DOT is a compelling investment, both for tradable tokens and decentralized protocols.
2️⃣ Chainlink ($LINK ) 🔗
Chainlink is essential for smart contracts, AI, and real-world asset integration. Its cryptographic algorithms facilitate secure data exchanges across different blockchains, making LINK a valuable investment, even during bearish markets.
3️⃣ Wanchain ($WAN ) 🏦
Wanchain is a layer 1 blockchain that bridges gaps between different chains without needing centralized mediators. It ensures secure, decentralized transactions within its DeFi ecosystem, with WAN as the primary transaction token.
4️⃣ Memereum (MEME)
Operating on the Binance Smart Chain, Memereum is more than just a meme coin. It offers protection for digital assets and fiat currencies, making it a strong investment candidate. Staking MEME can yield benefits up to 183% APY, with additional rewards for referrals.
5️⃣ Cosmos (ATOM)
🌌 Cosmos aims to address issues related to proof-of-work protocols. Despite a recent 15% decline in ATOM's price, it presents a good buying opportunity, with predictions of monthly price increases.These cryptocurrencies are positioned well for significant growth, making them strong candidates for long-term investment.
🚨 **DELISTING ALERT** 🚨 ### Important Notice: Binance Delisting Alert --- **Recent Events** Binance's decision to delist coins like $BOND, $MDX, $DOCK, and $POLS has caused dramatic price fluctuations, deeply impacting investors. After initial price plunges, some of these coins briefly surged over 100%, only to crash again shortly after.
**Navigating Through Volatility** Navigating this high volatility is challenging. Setting effective stop losses is nearly impossible. Investors must weigh potential substantial gains against the risk of significant losses, often experiencing unpredictable market swings..
**Risks and Caution**
Investing in delisted coins is risky. Many new investors end up on the losing side, drawn in by fleeting opportunities amid market turbulence. **Sound Investment Strategies** To navigate these uncertain times, avoid volatile traps and understand the risks involved. Focus on stable, reliable projects to safeguard your investments and prioritize financial safety.
**Support**
Your support enables me to continue delivering valuable investment insights. Thank you for your generosity!
Imminent #Bitcoin Crash! 📉💎 $BTC Analysis:Bitcoin recently hit $63,700, approaching our target of $64,800. Despite a bullish market trend, we anticipate a significant drop driven by large investors. Expect a decline to the $59,500 - $61,700 range and potentially below $54,500 within the next 6 days. 📉
💥 Why This Matters 💥 ⚠️ Protect Your Investments: Avoid falling into whale traps by staying informed. 🐋 Stay Proactive: Follow my analysis to safeguard your wealth.
✅️ Exclusive Insights: Receive real-time updates and navigate the market effectively. 👉 Follow Me ❤️ for critical updates. Stay ahead of the market and don't miss out!
🚨🤑 MARKET UPDATE: Bitcoin's Next Move! 🔥🚨 💰💎 $BTC Complete Update 18 July 2024: Bitcoin is consolidating within the expected range as discussed in our last four updates. If the market stays above $64,800 in the next two days and we see two 12H candles closing above this level, a breakout towards $67,200 - $68,500 could occur. We've already informed you that the bull cycle is complete, and Bitcoin is set to move down to $41,000 - $44,000. However, fakeouts 🤯 are likely to liquidate bears. Don't panic 🤗 if this happens; we will update you beforehand to help manage your positions.
Today, many of you posted screenshots 📜 of your profitable trades, and I'm thrilled to see the happiness and gratitude you've shown. Thank you! 🙌 But this is not the end – a Mega Airdrop 🚨 surprise is coming soon for my community, with details posted shortly . 💯💰 As predicted, the market has moved down 📉. We're continuously analyzing market cycles and will soon come up with significant analysis. If you want another 100X ❤️ leverage trade, leave encouraging comments so we stay motivated to keep providing you with free analysis and updates with 100% accuracy signals. 🔥🤑 💥 Why Should You Care? 💥 💠 Protect Your Investments: Follow our signals to safeguard your funds and make informed trading decisions.
📉 Be Ahead of the Curve: Our timely updates can help you stay ahead in the volatile crypto market. 💎 Exclusive Insights: Stay updated with our latest analysis to navigate the crypto space successfully.
✅️ Action Required: 👉 Use your funds with caution and be prepared for the next move. 🚨 Follow @SignalSpace for real-time updates and critical insights. This is just the beginning – a major update is coming soon that you won't want to miss. Don't miss this opportunity. Follow now to stay ahead in the crypto game! 🚀🔥
🚨 SELL NOW OR REGRET LATER: The Hidden Dangers of Holding Crypto! 🚨💸 CRUCIAL ALERT FOR ALL CRYPTO HOLDERS** ‼️🚨⚠️
Why Selling Early is Key: Don’t Let Greed Lead to Losses 💸 In the volatile world of cryptocurrency, timing your trades can make all the difference. Here’s why selling early can protect your gains and prevent losses:
1️⃣ Market Volatility 📉:Cryptocurrencies often experience dramatic price swings. Selling at a profit, even if it’s not at the peak, can safeguard your investment.
2️⃣ Avoiding Emotional Trading 😰:Holding out for a higher price can lead to regret if the market turns against you. Stick to your strategy and sell when your target is hit.
3️⃣ Reinvesting Opportunities 🔄:** By taking profits, you can reinvest in other promising projects or diversify your portfolio.
4️⃣ Protecting Against FOMO 😱:*Fear of missing out can lead to poor decisions. Selling early allows you to avoid getting caught up in the hype. Stay disciplined, avoid greed, and make strategic moves to protect your crypto assets! 🚀💪
1. Dogecoin ($DOGE ) - Market Cap: $15.74B - The original meme coin with a strong community. Known for leading price surges in bull markets.
2. Shiba Inu ($SHIB ) - Market Cap: $4.7B - Gained popularity in 2021 with a dedicated community and significant hype. Second largest meme coin.
3. Pepe Coin ($PEPE ) - Market Cap: $481.77M - A newer meme coin based on the Pepe the Frog meme. Has a growing community and potential for significant growth.
4. Floki Inu ($FLOKI) - Market Cap: $299.39M - Inspired by Elon Musk’s dog, Floki. Another 2021 favorite with strong growth potential.
5. BONE ($BONE) - Market Cap: $60.2M - Part of the Shiba Inu ecosystem, serving as a governance token. Smaller market cap but high growth potential if the ecosystem expands. These meme coins have strong communities and growth potential, making them ones to watch as we approach the next bull run. Always do your own research and invest wisely.
1. **STAY STRONG**: Resist the urge to tweak your portfolio during market dips. Holding steady can prevent future regret when the market rebounds. In spot trading, losses only become real if you sell at a loss.
2. **THINK INDEPENDENTLY**: Don't get swayed by so-called "expert" opinions. Market predictions are just that—guesses. One thing is for sure: the market's decline won't last forever! --- #Write2Earn!
### If You Hold 10,000,000 SHIB, You Need to See This - Shiba Inu Price Prediction Holding 10,000,000 SHIB means navigating the highs and lows of the market and understanding future price movements. Currently, Shiba Inu is priced at 2,846 units, down 14% in the last 24 hours, yet boasts a market cap of over $16.4 billion, placing it 11th globally. ### What Does Holding 10,000,000 SHIB Mean for You?
At the current price, there’s potential for a rebound. If SHIB climbs back to 3,500 units, your holdings could be worth $35,000. Some analysts foresee even higher peaks, up to 5,000 units, making your SHIB worth $50,000. Developments like the SH Name Service and new standards could drive SHIB's price upward. Analyst Lendon Jones points out SHIB’s relative outperformance compared to Bitcoin, indicating potential for gains.
### Conclusion Holding 10,000,000 SHIB comes with risks and potential rewards. Stay informed and keep an eye on market trends. Remember, predictions are speculative, and investing in cryptocurrency involves significant risk. Conduct thorough research and consider your financial situation before making investment decisions. #SHIB #PEPE
There are 3 Major Reasons for the Crypto Market crash this time1. **Mt. Gox FUD** Mt. Gox, which was the biggest crypto exchange in 2014, was hacked. Now Mt. Gox made an official statement that they are going to pay back bitcoins and BCH (worth $9 billion) to creditors. Now the creditors who received the bitcoins are selling bitcoins on exchanges, and bitcoin price is getting dumped extremely. 📉
2. **Lebanon and Israel war** The second reason for the market collapse is that Israel attacked Lebanon, and Lebanon's aggressive response to these attacks is adding fuel to the market crash. 🔥
3. **German Government massive sell of bitcoins** In the past few days, the German government has been selling the bitcoins they are currently holding, worth billions of dollars. They have sold 7,583 bitcoins worth $434.9 million. 💰
These are the major reasons for the market crash. I hope the crypto market will recover soon. 🚀
*Disclaimer: The above information is shared for educational purposes only. Not Financial Advice. Do your own research before investing in any cryptocurrency.* 🔍
The strategies mentioned in the Binance post for earning $3,000 a month in cryptocurrency without trading:
If your goal is to earn $3,000 monthly from cryptocurrency without trading, there are several legitimate strategies to consider. First, investing in cryptocurrencies like Bitcoin or Ethereum can yield profits, but research and informed decisions are essential due to market risks. 💹
Long-term investment in projects with strong fundamentals and growth potential is another viable strategy, though it requires patience for substantial returns. 📈
Staking involves holding specific cryptocurrencies in a wallet to support their networks, earning additional tokens as rewards—an increasingly common incentive among blockchain projects. 💰
Cryptocurrency mining, suitable for the tech-savvy, entails validating transactions through solving complex problems. It's resource-intensive and demands specialized hardware, necessitating careful cost-benefit analysis. ⛏️
Decentralized finance (DeFi) offers opportunities to earn through lending assets for interest or providing liquidity to decentralized exchanges, capitalizing on a rapidly expanding sector. 🌐
Lastly, leveraging skills in content writing, marketing, development, or consulting within the crypto industry through freelancing or services can be lucrative. 💼
To achieve consistent earnings, thorough research, adaptability to market trends, and risk management are crucial. Always conduct due diligence before engaging in any cryptocurrency-related activity. 🔍
Polygon Hits 24-Month Low Amid Declining Market Activity Price Breakdown and Current Status - After consolidating between April 14 and June 7, Polygon (MATIC) broke below the lower boundary of its horizontal channel and has since experienced a 33% decline. As of now, MATIC is trading at $0.44, a level not seen since July 2022. On-Chain Analysis and #marketsentiment - An analysis of MATIC’s on-chain data reveals a sharp decline in demand for the token. The Price-Daily Active Address (DAA) Divergence, which compares the asset’s price movements to changes in its daily active addresses, currently shows a negative value of -35.59%. This indicates a significant drop in daily active addresses, signaling a #BEARISH📉 outlook for the token. This metric was last positive on October 24, 2023. - Relative Strength Index (RSI) and Market Conditions MATIC’s Relative Strength Index (RSI) stands at 21.17, suggesting the asset is oversold and could be due for a rebound. The RSI ranges from 0 to 100, with values below 30 indicating oversold conditions. Despite this, the prevailing bearish sentiment could limit any potential price recovery. Price Prediction and Market Outlook - The continued bearish trend is supported by the Elder-Ray Index, which has been negative since the price decline began on June 7. This indicator measures the balance of power between buyers and sellers, and a negative value of -0.15 indicates bearish dominance.
- If the bearish trend persists, MATIC’s price could potentially drop to $0.42. Conversely, if buying pressure increases and traders capitalize on the dip, the price might recover to around $0.49.
Bitcoin on the Way to $20K – Act Now! The AI predictions are clear: Bitcoin is heading towards $20,000! 🚀 I've already placed my order for two bitcoins at this price, and now is the perfect opportunity for you to join me. If you were waiting for BTC to hit $50K to buy one, why not seize this moment and buy two instead? This way, you have an extra $10K to enjoy a fantastic beach resort vacation in Hawaii or Honolulu! 🌴😎 Alternatively, you could purchase 2.5 BTC and maximize your investment. Here's why you should act now: 1. Strong Market Sentiment:Many crypto experts have been predicting this price point for over a year. Just Google it or ask ChatGPT! 2. Preempt the Whales:Don't wait for the big players to bring the price down – take action yourself and secure your investment. My Last Call is Gaining Traction: People are getting excited about the $20K opportunity, and more orders are rolling in. I didn't expect this level of enthusiasm, but it reinforces my belief that Bitcoin will eventually hit $200K. The timing is uncertain, but the potential is undeniable. **Stay Bullish and Keep the Vibes Positive:** Even if you were feeling uncertain yesterday, today is a new day. Let’s stay optimistic and maintain good hopes for the future. Remember: Family First: Don't let the crypto charts distract you from your loved ones. It's all just numbers in the end. Keep a positive outlook and remember that it's never too late to invest. Keep the good spirit alive, and don’t miss out on this opportunity. Act now!
Major events in the cryptocurrency world in the coming week Token and project dynamics ASI merger plan: AGIX, OCEAN and FET token merger will be implemented on July 1. ether.fi release: Season 3 and airdrop token distribution proposal are expected to start on July 1. Spot Ethereum ETF: US SEC postpones approval, and may be approved as early as July 4. Important events Bitcoin roundtable: Biden may participate in early July. Mt.Gox repayment: BTC and BCH are expected to be distributed in early July. Non-farm data: US announced on July 5
Avoid the trap of investing in low-value coins based on pure speculation. Equip yourself with knowledge and make informed decisions. 📚💡 Join the conversation! Have you seen similar speculative content? Share your experiences below! 👇