Bitcoin Dominance is gradually decreasing, which is a positive signal for altcoins. Let's observe whether Dominance will break below the support area of 55%. This break will continue the upward trend in altcoins. $BTC
CAKE is holding the market structure and its price is moving up from the support area. If you open a long position at support, increase your stop loss and hold.
$SOL It seems that SOL has been dumped into the support area as expected. If you have opened long positions at the $133-$140 support area, it's recommended to increase your stop loss near the $125 level and hold the position. We may see an upward move toward the resistance now.
#ALGO is currently testing the support area once again. This is a crucial zone that needs to be held. If you are planning to open a long position at the support area, make sure to use a tight stop loss. We may see some accumulation at the support before the next move.
Bitcoin's price movement is causing some volatility, triggering stop losses below support levels. 📉 Currently, it's testing the support area, which must hold to avoid significant selling pressure. ⚠️ This week is crucial for BTC, with the halving event expected within the next 48 hours. ⏳🔄
Spot trade volumes 🟧 are compared with ETF trade volumes 🟦. There's a clear correlation between these markets, with ETFs typically trading at around 30% of the size of global spot markets. Additionally, the impact of seasonality, particularly during weekends when ETF markets are closed, is evident as spot trade volumes noticeably decrease during these times. 📊🔄 #BullorBear #etf #TrenddingTopic
$BNB After reaching the resistance, the price of Binance Coin reacted to it and could not break it. The price has been dumped by about 20%, but it has not yet reached the bottom of the channel. There is a possibility of a 10% drop and the price will reach the bottom of the channel. #BinanceLaunchpool #BullorBear #etf
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There are different ways projects rug: 🛑
1. Minting More Tokens 🖨️ They claim to have let’s say “1 Billion tokens in total supply” But in the smart contract, they leave the mint option open. So they can mint more tokens. Then dump new tokens on everyone. 💥
2. Tax Farming 💰🚜 Projects have an option in their contract That whenever someone buys/sells, they can charge tax 5-10% buy/sell tax is normal But scam projects will modify that to 99% tax. Usually done after fake news so they can rug for more. 📉
3. Holding too much supply 💼 Let’s say they have “1 Billion tokens in total supply” The creator will hold 90% of the supply in different wallets, They can sell this at any time. And they would only put 10% up for liquidity. So people would be buying normally and price goes up, Then suddenly price dumps 80% in a candle. That’s the creator dumping his tokens. 💔
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$DOGE Price is currently trading at a support area. Consider opening a long position near this level with a tight stop loss. A candle closing below the support zone would be bearish and could send the price towards the next resistance area. 📈
After the 35% drop, the price reached the bottom of the ascending channel and the ascending harmonic pattern was completed. 📉
The channel is still valid and the bottom area of the channel is considered a good support. 📈
It is expected that the price will fall to the bottom of the channel and reach the support level of $350.0-380.0 after breaking the channel. 📉💰
Conclusion:
Based on this analysis, it's prudent to anticipate BCH potentially reaching the support level of $350.0-380.0 after breaking the channel. 📉💼 However, remember that cryptocurrency markets can be volatile, so staying updated and adaptable is key! 🔄📊
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DON'T LET TEMPORARY MARKET FLUCTUATIONS SHAKE YOUR CONFIDENCE.💪🏻
In the tumultuous world of cryptocurrency, it's crucial to anchor yourself in unwavering confidence, even amidst the swirling currents of market fluctuations. Picture yourself on a rollercoaster ride 🎢, where each rise and fall is just another twist in the journey towards success. Embrace the thrill of navigating through the peaks of euphoria 🌄 and the valleys of uncertainty 🌊 with equal parts resilience and determination.
Remind yourself that every dip in the market is not a sign of failure but rather an opportunity for growth and learning. These temporary setbacks serve as valuable lessons on the path to mastering the complexities of crypto trading and investment.
Amidst the chaos, stay laser-focused on your ultimate goals 🎯, letting them guide you through the storm. Trust in your instincts, honed through experience and knowledge, to steer you towards favorable outcomes. Have faith in your abilities to adapt, evolve, and thrive in even the most challenging of circumstances.
So, as you navigate through the ever-changing landscape of the crypto market, remember to hold fast to your confidence 💪, embrace the journey with open arms 🤗, and never lose sight of the shining beacon of success on the horizon.
STOP constantly checking your portfolio, it's not good for you! 😬
Consider hiding your wallet balance to keep it out of sight! Relax, no need to panic sell! 😌
I made that mistake once, and I don't want you to go through it! The market crash you're seeing is normal in crypto. Lots of reasons caused Bitcoin to drop, dragging many altcoins down by over -40%! But hold on, because a reversal is on its way! 📈
Use market FUD to your advantage, don't let it control you! FUD might make you sell at a loss!
Imagine selling everything at a loss, only for the market to reverse in the next few days! 😬
In uncertain times like this, it's best to hold onto your portfolio and avoid checking it constantly to prevent emotional stress. Just chill. ❄️
Now's not the time to sell, it's time to buy gradually using the DCA method. 💰
Remember, this advice is based on my experiences and opinions. Hope you find it helpful! Good luck to all my friends! 🤞
(Not Financial Advice), (Do Your Own Research). Let's keep learning and building together! 💪
$ROSE #ANALYSIS After a hefty drop, the price dipped below support, sparking stop losses 😬. But hey, the daily candle closed above it, and now we're trading above support 😅. Expect some sideways action before the next big move 🔄. If it dips back to support, you can consider opening a small long position.📈
The current marketcap of altcoins (TOTAL2) has reached a support level 📉. Although the price has briefly dropped below this level, no candle has closed below it 🕯️. TOTAL2 must maintain this support level, as failure to do so could result in significant selling pressure on altcoins ⚠️. To confirm the market's direction, we need to wait for additional candle closes 🕰️. #Altcoinseason2024 #Memecoins #BullorBear
After breaking the trend line in the 4H- TF, the price broke the support of $3,280-$3,460 and dumped more than 30%. There is a possibility that the price will return to the resistance level of $3280-$3460 and then dump again to $2350-$2150. 💥📉🔄
Altcoins are taking a serious hit as Bitcoin Dominance breaks through a significant resistance level. 📉 It's likely that Dominance will test this level to gauge whether it can drop below it. 🧐 We'll only start seeing an upward trend in altcoins if Dominance manages to break below the 55% level. 📈