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Understanding crypto
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Understanding crypto
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🚨🚨🚨 Trade Alert: $1000SATS reached my zone. Even though my analysis would suggest a mind bending rally for this thing, it is indeed a scary game lol. Please if you buy this, know that it could go to ZERO. I am just trying to catch the next BONK here. If you really cannot afford to lose anything then just do not buy and instead watch the drama. If you choose to buy this, do only with what you will 100% not mind losing.
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On the idea that btc might have bottomed, this would be how i'd see the move up.
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The hash ribbon indicator is flashing capitulation for btc meaning that Bitcoin miners are experiencing significant financial stress. This is often due to low Bitcoin prices or high mining costs making mining unprofitable. Usually we get a BUY signal from the indicator after this and it has proven to be a very accurate indicator over the past years. we will get updated here when and if that BUY signal flashes. last BUY signal was at 29k/btc.
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My bitcoin dominance updated chart for crypto alt season. red is for bitcoin season green for Alt season.
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We saw the Bitcoin and altcoin drop in price coming. All you need to know now!
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