LIVE
Zms14
@ZenWise
Helping you navigate your way through the 2024 Bullrun.
Following
Followers
Liked
Share
Good read
How to earn 164$ on Binance daily. A STEP by step guide for beginners
Earning $164 daily on Binance (or any trading platform) requires a strategy that balances risk management, knowledge of the markets, and consistent monitoring. Here’s a step-by-step guide to help you reach this goal:
Step 1: Understand the Basics
1. Learn Trading Fundamentals:
Study concepts like market orders, limit orders, stop-loss orders, and take-profit orders.
Understand technical indicators (e.g., moving averages, RSI, MACD) and candlestick patterns to analyze price movements.
Familiarize yourself with fundamental analysis (understanding a project’s value, news, partnerships).
2. Set a Realistic Daily Goal:
$164/day amounts to around $5,000/month, which is achievable with disciplined trading, though the capital required may vary depending on your risk tolerance and strategy.
Step 2: Choose a Trading Strategy
1. Scalping:
This involves making small profits multiple times a day.
Scalping typically requires large capital to make a significant daily profit from small price movements.
You may target 0.5%–1% profit per trade with a high win rate, using leverage if comfortable.
2. Swing Trading:
Involves holding trades for a few days to capitalize on larger price movements.
Look for key support and resistance levels on higher timeframes (4H, daily).
3. Spot Trading vs. Futures Trading:
Spot trading limits risks to the amount you’ve invested, while futures trading allows leverage but increases risks.
Beginners often start with spot trading to avoid liquidation risk.
Step 3: Technical Analysis & Set-Up
1. Identify Divergence Patterns:
Look for bullish or bearish divergence between the price and indicators like RSI or MACD, which can signal potential trend reversals.
Use divergence to spot entry and exit points for trades.
2. Use Indicators for Confirmation:
Combine Moving Averages (50-day, 200-day) to gauge trend direction.
Use RSI to identify overbought or oversold conditions.
Consider Volume Analysis to confirm the strength of a move.
3. Set Risk/Reward Ratios:
Aim for a 1:2 or 1:3 risk-to-reward ratio to ensure potential profits exceed risks.
Set stop-loss orders to limit losses on each trade (e.g., 1%–2% per trade).
Step 4: Execute Trades
1. Spot Entry Points:
Look for favorable entry points (e.g., support levels, confirmed trends, or divergence patterns).
If using leverage, start with low leverage (2x–5x) to minimize risk.
2. Manage Each Trade:
Set a stop-loss to protect your capital and a take-profit at your desired profit target.
Monitor trades actively, especially if using leverage.
3. Review and Adjust:
Review your trades daily to learn from mistakes and improve your strategy.
Adjust your strategy based on market conditions (e.g., if the market is very volatile or trending sideways).
Step 5: Compound Your Gains
1. Reinvest Profits:
Reinvest a portion of your daily earnings to increase your trading capital, allowing you to make larger trades over time.
2. Avoid Emotional Trading:
Stick to your plan and avoid impulsive decisions, which can lead to losses.
Step 6: Use Binance Features to Your Advantage
1. Stop-Limit and Trailing Stops:
Use stop-limit orders and trailing stops to automate trades and lock in profits.
2. Consider Staking or Yield:
Allocate a portion of earnings to Binance Earn products like staking or liquidity pools for passive income.
3. Risk Management:
Never risk more than a small portion (e.g., 1%–2%) of your capital on any single trade.
Example Calculation
If you target 1% profit per trade and make five successful trades on a $3,300 balance, you could make about $164. However, this requires solid risk management and a clear exit strategy for each trade.
Key Takeaways
Start with a strong understanding of trading basics and practice with a demo account or small amounts.
Use strategies like scalping, swing trading, or spot trading based on
your experience and risk tolerance.
Monitor the market closely, use divergence patterns to refine entries, and apply technical analysis to reduce risks.
Step 1: Understand the Basics
1. Learn Trading Fundamentals:
Study concepts like market orders, limit orders, stop-loss orders, and take-profit orders.
Understand technical indicators (e.g., moving averages, RSI, MACD) and candlestick patterns to analyze price movements.
Familiarize yourself with fundamental analysis (understanding a project’s value, news, partnerships).
2. Set a Realistic Daily Goal:
$164/day amounts to around $5,000/month, which is achievable with disciplined trading, though the capital required may vary depending on your risk tolerance and strategy.
Step 2: Choose a Trading Strategy
1. Scalping:
This involves making small profits multiple times a day.
Scalping typically requires large capital to make a significant daily profit from small price movements.
You may target 0.5%–1% profit per trade with a high win rate, using leverage if comfortable.
2. Swing Trading:
Involves holding trades for a few days to capitalize on larger price movements.
Look for key support and resistance levels on higher timeframes (4H, daily).
3. Spot Trading vs. Futures Trading:
Spot trading limits risks to the amount you’ve invested, while futures trading allows leverage but increases risks.
Beginners often start with spot trading to avoid liquidation risk.
Step 3: Technical Analysis & Set-Up
1. Identify Divergence Patterns:
Look for bullish or bearish divergence between the price and indicators like RSI or MACD, which can signal potential trend reversals.
Use divergence to spot entry and exit points for trades.
2. Use Indicators for Confirmation:
Combine Moving Averages (50-day, 200-day) to gauge trend direction.
Use RSI to identify overbought or oversold conditions.
Consider Volume Analysis to confirm the strength of a move.
3. Set Risk/Reward Ratios:
Aim for a 1:2 or 1:3 risk-to-reward ratio to ensure potential profits exceed risks.
Set stop-loss orders to limit losses on each trade (e.g., 1%–2% per trade).
Step 4: Execute Trades
1. Spot Entry Points:
Look for favorable entry points (e.g., support levels, confirmed trends, or divergence patterns).
If using leverage, start with low leverage (2x–5x) to minimize risk.
2. Manage Each Trade:
Set a stop-loss to protect your capital and a take-profit at your desired profit target.
Monitor trades actively, especially if using leverage.
3. Review and Adjust:
Review your trades daily to learn from mistakes and improve your strategy.
Adjust your strategy based on market conditions (e.g., if the market is very volatile or trending sideways).
Step 5: Compound Your Gains
1. Reinvest Profits:
Reinvest a portion of your daily earnings to increase your trading capital, allowing you to make larger trades over time.
2. Avoid Emotional Trading:
Stick to your plan and avoid impulsive decisions, which can lead to losses.
Step 6: Use Binance Features to Your Advantage
1. Stop-Limit and Trailing Stops:
Use stop-limit orders and trailing stops to automate trades and lock in profits.
2. Consider Staking or Yield:
Allocate a portion of earnings to Binance Earn products like staking or liquidity pools for passive income.
3. Risk Management:
Never risk more than a small portion (e.g., 1%–2%) of your capital on any single trade.
Example Calculation
If you target 1% profit per trade and make five successful trades on a $3,300 balance, you could make about $164. However, this requires solid risk management and a clear exit strategy for each trade.
Key Takeaways
Start with a strong understanding of trading basics and practice with a demo account or small amounts.
Use strategies like scalping, swing trading, or spot trading based on
your experience and risk tolerance.
Monitor the market closely, use divergence patterns to refine entries, and apply technical analysis to reduce risks.
FUD deFudded
LIVE
Cryptopolitan
--
Tether Holds Over 82,000 in Bitcoin and 48 Tonnes of Gold for USDT Reserve
Tether CEO Paolo Ardoino has disclosed that the company holds more than 82,000 Bitcoin and 48 tonnes of gold in its reserves. Ardoino disclosed this on X while clarifying comments about Tether USDT reserves.
This was in response to his earlier statement at the Lugano Plan B Event when discussing Tether products. According to him, the company also has over $100 billion in US Treasuries backing the USDT stablecoin. Thus, all its USDT is fully backed.
He said:
“Since I see a lot of confusion in this thread, let me clarify that: – Tether has ~100B in US treasuries. Plus it has 82k+ BTC and 48T+ of gold.”
Ardoino comments have attracted positive comments from the crypto community, with some noting the diversification of Tether reserves. Some observed that Tether having gold to back USDT is very good, which means USDT is gold-backed. In their opinion, this makes it even better than the actual US dollar, which stopped the gold backing in the 1970s.
Meanwhile, other users are more curious about the full state of Tether reserves, particularly how it custodies the gold and whether they are audited. One user on X questioned whether the gold in Tether reserves is actual gold bullion or derivatives such as exchange-traded funds (ETFs) and options.
Crypto markets recovering from FUD about Tether
The public disclosure of how Tether backs its USDT stablecoin appears connected to the recent claims by the Wall Street Journal that the company is under investigation by the US Department of Justice. Although Tether immediately moved to dismiss the news, which it termed as mere speculation and “regurgitating old noise,” it was enough to cause a reaction in the market.
Ardoino has since tried to quell the fears, uncertainty, and doubts (FUD), noting that Tether collaborates with law enforcement globally, including in the US, to tackle crimes. Therefore, the company would have information about an investigation against it.
He said:
“We would know if we are being investigated as the article falsely claimed. Based on that, we can confirm that the allegations in the article are unequivocally false.”
This is not the first time the stability of USDT has been questioned, and each time, it has raised broader concerns in the market. USDT occupies an important position in the crypto market, with a market cap of $120 billion, and it is used for most crypto transactions. Per data from CoinMarketCap, USDT had a trading volume of $32 billion in the last 24 hours, more than any other crypto asset, highlighting its importance within the crypto ecosystem.
This importance means any news questioning USDT stability always has a negative impact on the market. However, the market appears to have recovered from the FUD that followed the news. Bitcoin value has increased slightly, and total open interest in crypto products has increased by more than 1%, according to CoinGlass. Still, futures volume is down 43% in the past 24 hours.
Tether teases Local AI Development Kit
Meanwhile, Tether continues its gradual diversification efforts to expand its business beyond stablecoin issuance. The company recently previewed its Local AI development kit for writing and deploying artificial intelligence systems on various devices.
Ardoino, who unveiled the product, claims it is privacy-focused and uses peer-to-peer technology to enable developers to write codes on all devices, from mobile phones to high-end computing systems powered by H100 chips. According to Ardoino, the SDK supports multiple AI models, including Llama and Marian, enabling its use for several purposes.
Ardoino said:
“Tether’s AI SDK is extremely modular, it uses supports any model (Marian, Llama, …) and loads/stores weights and fine-tuning data in P2P data structures.”
The Tether AI SDK has not been launched, but as Ardoino noted, it will be made open-source once the company has fully tested and ascertained that it is ready for public launch.
This was in response to his earlier statement at the Lugano Plan B Event when discussing Tether products. According to him, the company also has over $100 billion in US Treasuries backing the USDT stablecoin. Thus, all its USDT is fully backed.
He said:
“Since I see a lot of confusion in this thread, let me clarify that: – Tether has ~100B in US treasuries. Plus it has 82k+ BTC and 48T+ of gold.”
Ardoino comments have attracted positive comments from the crypto community, with some noting the diversification of Tether reserves. Some observed that Tether having gold to back USDT is very good, which means USDT is gold-backed. In their opinion, this makes it even better than the actual US dollar, which stopped the gold backing in the 1970s.
Meanwhile, other users are more curious about the full state of Tether reserves, particularly how it custodies the gold and whether they are audited. One user on X questioned whether the gold in Tether reserves is actual gold bullion or derivatives such as exchange-traded funds (ETFs) and options.
Crypto markets recovering from FUD about Tether
The public disclosure of how Tether backs its USDT stablecoin appears connected to the recent claims by the Wall Street Journal that the company is under investigation by the US Department of Justice. Although Tether immediately moved to dismiss the news, which it termed as mere speculation and “regurgitating old noise,” it was enough to cause a reaction in the market.
Ardoino has since tried to quell the fears, uncertainty, and doubts (FUD), noting that Tether collaborates with law enforcement globally, including in the US, to tackle crimes. Therefore, the company would have information about an investigation against it.
He said:
“We would know if we are being investigated as the article falsely claimed. Based on that, we can confirm that the allegations in the article are unequivocally false.”
This is not the first time the stability of USDT has been questioned, and each time, it has raised broader concerns in the market. USDT occupies an important position in the crypto market, with a market cap of $120 billion, and it is used for most crypto transactions. Per data from CoinMarketCap, USDT had a trading volume of $32 billion in the last 24 hours, more than any other crypto asset, highlighting its importance within the crypto ecosystem.
This importance means any news questioning USDT stability always has a negative impact on the market. However, the market appears to have recovered from the FUD that followed the news. Bitcoin value has increased slightly, and total open interest in crypto products has increased by more than 1%, according to CoinGlass. Still, futures volume is down 43% in the past 24 hours.
Tether teases Local AI Development Kit
Meanwhile, Tether continues its gradual diversification efforts to expand its business beyond stablecoin issuance. The company recently previewed its Local AI development kit for writing and deploying artificial intelligence systems on various devices.
Ardoino, who unveiled the product, claims it is privacy-focused and uses peer-to-peer technology to enable developers to write codes on all devices, from mobile phones to high-end computing systems powered by H100 chips. According to Ardoino, the SDK supports multiple AI models, including Llama and Marian, enabling its use for several purposes.
Ardoino said:
“Tether’s AI SDK is extremely modular, it uses supports any model (Marian, Llama, …) and loads/stores weights and fine-tuning data in P2P data structures.”
The Tether AI SDK has not been launched, but as Ardoino noted, it will be made open-source once the company has fully tested and ascertained that it is ready for public launch.
Good read
LIVE
Coinpedia
--
Why Bitcoin Price Is Increasing Today? the Reason
The post Why Bitcoin Price is Increasing Today? The reason appeared first on Coinpedia Fintech News
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization is gaining significant attention from the crypto community following its impressive price surge over the past 24 hours. With a surge of over 6%, BTC reclaimed the $66,000 level for the second time since July 2024.
Reason Why Bitcoin Price is Increasing
The potential reason for this massive upside momentum is the upcoming presidential election in the United States. According to the data shared by trading firm QCP Capital, Bitcoin’s current price action is similar to those noticed before the U.S. election in 2016 and 2020. During that period, BTC experienced a significant upside rally.
QCP Traders Comments
QCP Traders said, “If we look back to 2016, BTC traded in a very tight range for over 3 months. It wasn’t until three weeks before U.S. Election day that BTC began its rally from $600 and finally doubled its price by the first week of January.”
They further added, “Similarly, in 2020, BTC was stuck in a boring range for half a year and only started rallying from $11K just three weeks before U.S. Election day, reaching a high of $42K by January.”
While adding October’s bullish historical pattern and positive performance, traders added, “Today’s rally has definitely given the market a glimmer of hope just as Uptober optimism was fading.”
Bitcoin Technical Analysis and Upcoming Levels
According to expert technical analysis, Bitcoin appears bullish but is currently facing a strong rejection at a crucial resistance level of $66,200 level. The last time BTC reached this level, it experienced a sudden price decline of over 10%. If BTC breaches this hurdle and closes a daily candle above the $68,000 level, there is a strong possibility it could reach its all-time high.
Source: Trading View
Currently, BTC is trading above the 200-day Exponential Moving Average (EMA), indicating an uptrend. Traders and investors use this indicator to determine whether an asset is in an uptrend or downtrend.
Bullish On-chain Metrics
Bitcoin’s positive outlook is further supported by on-chain metrics that suggest bulls are back in the market and may sustain this upside rally. According to the on-chain analytic firm Coinglass, BTC’s Long/Short ratio currently stands at 1.10, the highest since September 2024. This record jump in the ratio suggests strong bullish sentiment among traders.
Source: Coinglass
Additionally, BTC’s future open interest has increased by 10% over the past 24 hours and 3.7% over the past four hours. This rising open interest indicates growing interest from investors and traders, potentially driven by the upcoming election.
Combining these on-chain metrics with the technical analysis, it appears that bulls are currently dominating the asset and may drive the rally to continue in the coming days, similar to historical trends.
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization is gaining significant attention from the crypto community following its impressive price surge over the past 24 hours. With a surge of over 6%, BTC reclaimed the $66,000 level for the second time since July 2024.
Reason Why Bitcoin Price is Increasing
The potential reason for this massive upside momentum is the upcoming presidential election in the United States. According to the data shared by trading firm QCP Capital, Bitcoin’s current price action is similar to those noticed before the U.S. election in 2016 and 2020. During that period, BTC experienced a significant upside rally.
QCP Traders Comments
QCP Traders said, “If we look back to 2016, BTC traded in a very tight range for over 3 months. It wasn’t until three weeks before U.S. Election day that BTC began its rally from $600 and finally doubled its price by the first week of January.”
They further added, “Similarly, in 2020, BTC was stuck in a boring range for half a year and only started rallying from $11K just three weeks before U.S. Election day, reaching a high of $42K by January.”
While adding October’s bullish historical pattern and positive performance, traders added, “Today’s rally has definitely given the market a glimmer of hope just as Uptober optimism was fading.”
Bitcoin Technical Analysis and Upcoming Levels
According to expert technical analysis, Bitcoin appears bullish but is currently facing a strong rejection at a crucial resistance level of $66,200 level. The last time BTC reached this level, it experienced a sudden price decline of over 10%. If BTC breaches this hurdle and closes a daily candle above the $68,000 level, there is a strong possibility it could reach its all-time high.
Source: Trading View
Currently, BTC is trading above the 200-day Exponential Moving Average (EMA), indicating an uptrend. Traders and investors use this indicator to determine whether an asset is in an uptrend or downtrend.
Bullish On-chain Metrics
Bitcoin’s positive outlook is further supported by on-chain metrics that suggest bulls are back in the market and may sustain this upside rally. According to the on-chain analytic firm Coinglass, BTC’s Long/Short ratio currently stands at 1.10, the highest since September 2024. This record jump in the ratio suggests strong bullish sentiment among traders.
Source: Coinglass
Additionally, BTC’s future open interest has increased by 10% over the past 24 hours and 3.7% over the past four hours. This rising open interest indicates growing interest from investors and traders, potentially driven by the upcoming election.
Combining these on-chain metrics with the technical analysis, it appears that bulls are currently dominating the asset and may drive the rally to continue in the coming days, similar to historical trends.
ALERT 📢
Global markets declined yesterday amid escalating Middle East tensions, as investors sought safer assets and engaged in panic selling on concerns of a potential war. This led to Stocks plummeting and Bitcoin dropping 6% from a daily high of $64,000 to $60,800 in the same day.
Despite these near-term jitters, the mid-term macroeconomic outlook remains favorable.
To capitalize on current market discounts, focus should be on strong coins that drove last week's rally. These are poised for a quick rebound:
- FTM
- TAO
- SUI
- WIF
These assets demonstrated resilience and potential for growth, making them attractive opportunities during market downturns.
Global markets declined yesterday amid escalating Middle East tensions, as investors sought safer assets and engaged in panic selling on concerns of a potential war. This led to Stocks plummeting and Bitcoin dropping 6% from a daily high of $64,000 to $60,800 in the same day.
Despite these near-term jitters, the mid-term macroeconomic outlook remains favorable.
To capitalize on current market discounts, focus should be on strong coins that drove last week's rally. These are poised for a quick rebound:
- FTM
- TAO
- SUI
- WIF
These assets demonstrated resilience and potential for growth, making them attractive opportunities during market downturns.
Why ETFs have ruined this alt season? 👇
Previous bull runs showed massive liquidity rotated from bitcoin into alts. Mainly because most of the Bitcoin was traded on CEX's and DEX's with access to Altcoins.
Fast forward to this cycle, ETFs are approved and majority of Bitcoin is being bought on regulated security exchanges which dont have altcoins listed.
Previous bull runs showed massive liquidity rotated from bitcoin into alts. Mainly because most of the Bitcoin was traded on CEX's and DEX's with access to Altcoins.
Fast forward to this cycle, ETFs are approved and majority of Bitcoin is being bought on regulated security exchanges which dont have altcoins listed.
Top 3 graphs to be looking at right now :
-BTC/USD : Weekly close above $64,800.
-BTC.D : Dominance to fall below 50%
-Total 3 : Break above the current channel.
$BTC
-BTC/USD : Weekly close above $64,800.
-BTC.D : Dominance to fall below 50%
-Total 3 : Break above the current channel.
$BTC
IMPORTANT BITCOIN UPDATE :
$BTC needs to close above 64,800 for a bullish confirmation. It is flirting with the 62-65k range.
Laser focused on the weekly close.
$BTC needs to close above 64,800 for a bullish confirmation. It is flirting with the 62-65k range.
Laser focused on the weekly close.
Good Read
LIVE
Cointelegraph
--
A return to $50K? 5 Things to know in Bitcoin this week
Bitcoin (BTC) has been lacking momentum this week as BTC price predictions increasingly see the market heading lower.
After a promising weekend turned sour into the weekly close, BTC/USD Is offering little inspiration to traders already tired of rangebound moves.
The sentiment is sour, and while stocks have recovered from their flash crash at the start of August, crypto has yet to do likewise.
What could shake things up?
The United States Federal Reserve is in the spotlight this week as its annual Jackson Hole symposium comes around.
Chair Jerome Powell will address the current macroeconomic state of play as traders hope for a clear signal regarding interest rate cuts next month.
That could set up a volatile end to the week, but in the meantime, concerns are increasing that Bitcoin may lead crypto into another leg down.
$50,000 is in play, analysis warns, and while miners are staying cool, a sense of angst lingers over the market.
Cointelegraph takes a closer look at the key crypto talking points among traders as August grinds on with seemingly no new all-time highs in sight.
No talk of BTC price upside
Bitcoin gave up its weekend gains into the Aug. 18 weekly close — an all-too-familiar sequence of events for traders, who traditionally caution over “out of hours” market moves.
The Asia trading session nonetheless offered little hope to bulls, with BTC/USD trading at around $58,650 at the time of writing, per data from Cointelegraph Markets Pro and TradingView.
BTC/USD 1-hour chart. Source: TradingView
Devoid of a significant trend, BTC price action thus frustrated commentators.
“Boring weekend, price would probably chop for another week before we get any big moves,” popular trading account Logical TA wrote in part of its latest market coverage on X.
“$BTC has chopped for the last 160-170 days, this is more painful than a bear market.”
BTC/USDT 1-day chart. Source: Logical TA/X
Fellow trader Roman agreed while seeing the potential for a return to the area around $55,000.
“Slowly but surely making our way to 55k support. Will look for longs at that point. I’ve kept my thoughts the same for the last 2 weeks as the original uptrend was weak,” he told X followers.
Roman added that the Bollinger Bands volatility indicator needed to deliver an advance signal that the market was primed for a breakout in a given direction.
Analyzing both long and short-timeframe targets, meanwhile, trader CrypNuevo saw a “buying opportunity” closer to $50,000.
BTC/USDT 1-day chart. Source: CrypNuevo/X
“$53.6k and $51.5k are two potential levels that price will go to in order to fill those wicks in 1W & 1D time frames,” part of an X thread explained.
“So if you missed this move, you could likely be able to buy back at those levels again.”
CrypNuevo warned of a potential “fakeout” to the upside before price returns lower over the coming days.
“Most retail will be paying attention to and trading this channel; thus, we could see some manipulation from the Market Maker here,” he explained alongside an illustrative chart.
“We could see a fake-out above it at the start of the week to then drop to that new wick at $56k.”
BTC/USDT 4-hour chart. Source: CrypNuevo/X
Markets await Powell's Jackson Hole appearance
This week, risk-asset traders are focused on the US Federal Reserve’s Jackson Hole symposium as markets demand cues on handling inflation.
The annual event will feature a speech from Fed Chair Jerome Powell on Aug. 23, and market observers will be keenly analyzing his language for confirmation of future policy easing.
Just weeks after the flash equities crash originating in Japan, markets are on edge — the Fed, they believe, will have no choice but to cut interest rates at its next meeting in September.
The latest data from CME Group’s FedWatch Tool maintains a 100% chance of a cut occurring in some form, with 71.5% odds of this coming in at 25 basis points.
Fed target rate probabilities. Source: CME Group
Commenting on the current landscape, trading resource The Kobeissi Letter acknowledged stocks’ impressive comeback since the Japan shock. As Cointelegraph reported, Japan’s Nikkei 225 required just days to erase what was its biggest two-day decline in history.
“The S&P 500 is now just 2% away from a new all time high,” it noted in an X thread.
“Markets have gone from entering correction territory to eying new all time highs in just days.”
S&P 500 1-day chart. Source: TradingView
Continuing, CrypNuevo forecast what he called a “very interesting week of year.”
“It's an event attended by central bank leaders from around the world and it usually brings volatility,” he told X followers.
“This year, Powell will speak about the upcoming rate cuts. Hot take: Powell could say that ‘50bps cut in September is not on the table atm.’”
Bitcoin miners halt wallet outflows
Optimism surrounding Bitcoin miners continues this week as one on-chain metric shows BTC sales cooling.
In one of its Quicktake blog posts on Aug. 19, onchain analytics platform CryptoQuant showed the BTC reserves in known miner wallets beginning to stabilize.
“Miners have been selling their Bitcoins through over-the-counter transactions and exchanges until recently, but since the end of July, they have shown no signs of selling,” contributor Crypto Dan summarized.
Despite the recent significant price drawdown, miners have not yet been forced to reassess profitability despite their production cost per bitcoin being close to current spot price.
“Miners Reserves are now at January 2021 levels,” popular crypto commentator MartyParty added about the CryptoQuant data.
“The miner sell off appears complete.”
Bitcoin miner BTC reserves. Source: CryptoQuant
Miner reserves stood at 1.814 million BTC as of Aug. 18, down around 25,000 BTC since the start of the year.
Crypto Dan meanwhile was not wholly convinced that the landscape would remain stable going forward.
“Although one indicator shows only a positive aspect, considering that miners are whales and their movements always create large market fluctuations, I think it is worth watching the market for a while longer,” he concluded.
BTC market dominance falters
Bitcoin’s share of the total crypto market cap has seen its latest macro peak, traders say.
Having hit nearly 58% earlier this month, Bitcoin dominance is wavering — and ultimately, altcoins should benefit.
Bitcoin market cap dominance 1-day chart. Source: TradingView
“Bitcoin dominance on its final wave of completion,” popular trader Mikybull Crypto announced on X on Aug. 19, predicting a “big crash” in the index to ignite an altcoin renaissance in Q4.
An accompanying chart employed Elliott Wave theory to suggest a return back below the 50% mark for dominance, which currently stands at around 57%.
Bitcoin market cap dominance chart. Source: Mikybull Crypto/X
Michaël van de Poppe, founder and CEO of trading firm MNTrading, likewise predicted the “end of the bear market” for altcoins.
Bitcoin market cap dominance 2-week chart. Source: Michaël van de Poppe/X
“Real alt szn begins when BTC.D breaks beneath 50%,” fellow trader Kaleo continued last week in an X thread on the topic.
Kaleo concluded that he was “fairly confident” in the macro top being in for dominance.
"Bearish sentiment" with trend line out of reach
Bitcoin sentiment is firmly “bearish” thanks to price returning below a key long-term trend line, some of the latest analysis concludes.
Related: Is Bitcoin price going to crash again?
CryptoQuant contributor Axel Adler Jr. sees problems potentially arising due to BTC/USD giving up its 200-day simple moving average (SMA), currently at $62,750.
“BTC price is trading below the 200-day SMA, which formally indicates a bearish sentiment,” he wrote on X.
BTC/USD 1-day chart with 200SMA. Source: TradingView
Adler uploaded CryptoQuant data showing use of leverage on exchanges, this spiking to its highest levels since the Japan meltdown.
“Additionally, in recent days, increased leverage has been used on the top three exchanges,” he warned.
“The nearest support level is the 365-day SMA ($50K).”
Bitcoin adjusted estimated leverage ratio. Source: Axel Adler Jr./X
The latest data from the Crypto Fear & Greed Index meanwhile puts the average mood among crypto investors as just three points off “extreme fear,” measuring 28/100.
Crypto Fear & Greed Index (screenshot). Source: Alternative.me
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
After a promising weekend turned sour into the weekly close, BTC/USD Is offering little inspiration to traders already tired of rangebound moves.
The sentiment is sour, and while stocks have recovered from their flash crash at the start of August, crypto has yet to do likewise.
What could shake things up?
The United States Federal Reserve is in the spotlight this week as its annual Jackson Hole symposium comes around.
Chair Jerome Powell will address the current macroeconomic state of play as traders hope for a clear signal regarding interest rate cuts next month.
That could set up a volatile end to the week, but in the meantime, concerns are increasing that Bitcoin may lead crypto into another leg down.
$50,000 is in play, analysis warns, and while miners are staying cool, a sense of angst lingers over the market.
Cointelegraph takes a closer look at the key crypto talking points among traders as August grinds on with seemingly no new all-time highs in sight.
No talk of BTC price upside
Bitcoin gave up its weekend gains into the Aug. 18 weekly close — an all-too-familiar sequence of events for traders, who traditionally caution over “out of hours” market moves.
The Asia trading session nonetheless offered little hope to bulls, with BTC/USD trading at around $58,650 at the time of writing, per data from Cointelegraph Markets Pro and TradingView.
BTC/USD 1-hour chart. Source: TradingView
Devoid of a significant trend, BTC price action thus frustrated commentators.
“Boring weekend, price would probably chop for another week before we get any big moves,” popular trading account Logical TA wrote in part of its latest market coverage on X.
“$BTC has chopped for the last 160-170 days, this is more painful than a bear market.”
BTC/USDT 1-day chart. Source: Logical TA/X
Fellow trader Roman agreed while seeing the potential for a return to the area around $55,000.
“Slowly but surely making our way to 55k support. Will look for longs at that point. I’ve kept my thoughts the same for the last 2 weeks as the original uptrend was weak,” he told X followers.
Roman added that the Bollinger Bands volatility indicator needed to deliver an advance signal that the market was primed for a breakout in a given direction.
Analyzing both long and short-timeframe targets, meanwhile, trader CrypNuevo saw a “buying opportunity” closer to $50,000.
BTC/USDT 1-day chart. Source: CrypNuevo/X
“$53.6k and $51.5k are two potential levels that price will go to in order to fill those wicks in 1W & 1D time frames,” part of an X thread explained.
“So if you missed this move, you could likely be able to buy back at those levels again.”
CrypNuevo warned of a potential “fakeout” to the upside before price returns lower over the coming days.
“Most retail will be paying attention to and trading this channel; thus, we could see some manipulation from the Market Maker here,” he explained alongside an illustrative chart.
“We could see a fake-out above it at the start of the week to then drop to that new wick at $56k.”
BTC/USDT 4-hour chart. Source: CrypNuevo/X
Markets await Powell's Jackson Hole appearance
This week, risk-asset traders are focused on the US Federal Reserve’s Jackson Hole symposium as markets demand cues on handling inflation.
The annual event will feature a speech from Fed Chair Jerome Powell on Aug. 23, and market observers will be keenly analyzing his language for confirmation of future policy easing.
Just weeks after the flash equities crash originating in Japan, markets are on edge — the Fed, they believe, will have no choice but to cut interest rates at its next meeting in September.
The latest data from CME Group’s FedWatch Tool maintains a 100% chance of a cut occurring in some form, with 71.5% odds of this coming in at 25 basis points.
Fed target rate probabilities. Source: CME Group
Commenting on the current landscape, trading resource The Kobeissi Letter acknowledged stocks’ impressive comeback since the Japan shock. As Cointelegraph reported, Japan’s Nikkei 225 required just days to erase what was its biggest two-day decline in history.
“The S&P 500 is now just 2% away from a new all time high,” it noted in an X thread.
“Markets have gone from entering correction territory to eying new all time highs in just days.”
S&P 500 1-day chart. Source: TradingView
Continuing, CrypNuevo forecast what he called a “very interesting week of year.”
“It's an event attended by central bank leaders from around the world and it usually brings volatility,” he told X followers.
“This year, Powell will speak about the upcoming rate cuts. Hot take: Powell could say that ‘50bps cut in September is not on the table atm.’”
Bitcoin miners halt wallet outflows
Optimism surrounding Bitcoin miners continues this week as one on-chain metric shows BTC sales cooling.
In one of its Quicktake blog posts on Aug. 19, onchain analytics platform CryptoQuant showed the BTC reserves in known miner wallets beginning to stabilize.
“Miners have been selling their Bitcoins through over-the-counter transactions and exchanges until recently, but since the end of July, they have shown no signs of selling,” contributor Crypto Dan summarized.
Despite the recent significant price drawdown, miners have not yet been forced to reassess profitability despite their production cost per bitcoin being close to current spot price.
“Miners Reserves are now at January 2021 levels,” popular crypto commentator MartyParty added about the CryptoQuant data.
“The miner sell off appears complete.”
Bitcoin miner BTC reserves. Source: CryptoQuant
Miner reserves stood at 1.814 million BTC as of Aug. 18, down around 25,000 BTC since the start of the year.
Crypto Dan meanwhile was not wholly convinced that the landscape would remain stable going forward.
“Although one indicator shows only a positive aspect, considering that miners are whales and their movements always create large market fluctuations, I think it is worth watching the market for a while longer,” he concluded.
BTC market dominance falters
Bitcoin’s share of the total crypto market cap has seen its latest macro peak, traders say.
Having hit nearly 58% earlier this month, Bitcoin dominance is wavering — and ultimately, altcoins should benefit.
Bitcoin market cap dominance 1-day chart. Source: TradingView
“Bitcoin dominance on its final wave of completion,” popular trader Mikybull Crypto announced on X on Aug. 19, predicting a “big crash” in the index to ignite an altcoin renaissance in Q4.
An accompanying chart employed Elliott Wave theory to suggest a return back below the 50% mark for dominance, which currently stands at around 57%.
Bitcoin market cap dominance chart. Source: Mikybull Crypto/X
Michaël van de Poppe, founder and CEO of trading firm MNTrading, likewise predicted the “end of the bear market” for altcoins.
Bitcoin market cap dominance 2-week chart. Source: Michaël van de Poppe/X
“Real alt szn begins when BTC.D breaks beneath 50%,” fellow trader Kaleo continued last week in an X thread on the topic.
Kaleo concluded that he was “fairly confident” in the macro top being in for dominance.
"Bearish sentiment" with trend line out of reach
Bitcoin sentiment is firmly “bearish” thanks to price returning below a key long-term trend line, some of the latest analysis concludes.
Related: Is Bitcoin price going to crash again?
CryptoQuant contributor Axel Adler Jr. sees problems potentially arising due to BTC/USD giving up its 200-day simple moving average (SMA), currently at $62,750.
“BTC price is trading below the 200-day SMA, which formally indicates a bearish sentiment,” he wrote on X.
BTC/USD 1-day chart with 200SMA. Source: TradingView
Adler uploaded CryptoQuant data showing use of leverage on exchanges, this spiking to its highest levels since the Japan meltdown.
“Additionally, in recent days, increased leverage has been used on the top three exchanges,” he warned.
“The nearest support level is the 365-day SMA ($50K).”
Bitcoin adjusted estimated leverage ratio. Source: Axel Adler Jr./X
The latest data from the Crypto Fear & Greed Index meanwhile puts the average mood among crypto investors as just three points off “extreme fear,” measuring 28/100.
Crypto Fear & Greed Index (screenshot). Source: Alternative.me
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Updates
LIVE
Mastering Crypto
--
Bearish
Pray For Crypto 🙏
Why Market is Crashing Today
Today's cryptocurrency market has seen a significant downturn, with Bitcoin (BTC) and Ethereum (ETH) both falling sharply. Here are five reasons for the crash:
1. Disappointing Nonfarm Payrolls Data: The U.S. nonfarm payrolls report showed only 114,000 jobs added in July, far below expectations, and the unemployment rate rose to 4.3%. This weak jobs data has heightened fears of an economic slowdown, impacting risk assets like cryptocurrencies.
2. Rising Recession Fears: Economist Peter Schiff warned that potential Federal Reserve rate cuts might not prevent a recession and could worsen inflation. These concerns have added to market volatility and contributed to the crypto market crash.
3. Bitcoin Long Liquidations: The market has seen a surge in long liquidations, with $241.07 million worth of long positions liquidated, increasing downward pressure on crypto prices. Bitcoin's price drop from $65,000 to $60,000 has led to around $1 billion in long positions being liquidated.
4. Stock Market Decline: The stock market's sharp decline, spurred by the weak jobs report, has also impacted the crypto market. Major indices like the Nasdaq and Dow Jones have experienced significant losses, potentially spilling over into the crypto market.
5. Bitcoin & Ethereum ETF Outflows: Bitcoin and Ethereum ETFs have seen substantial outflows, with Bitcoin ETFs losing $237.4 million on August 2, and Ethereum ETFs experiencing $54.3 million in outflows on the same day. These negative flows, along with Genesis Trading's bankruptcy repayments in BTC and ETH, have exacerbated the market downturn.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#Altcoins #Memecoins
Why Market is Crashing Today
Today's cryptocurrency market has seen a significant downturn, with Bitcoin (BTC) and Ethereum (ETH) both falling sharply. Here are five reasons for the crash:
1. Disappointing Nonfarm Payrolls Data: The U.S. nonfarm payrolls report showed only 114,000 jobs added in July, far below expectations, and the unemployment rate rose to 4.3%. This weak jobs data has heightened fears of an economic slowdown, impacting risk assets like cryptocurrencies.
2. Rising Recession Fears: Economist Peter Schiff warned that potential Federal Reserve rate cuts might not prevent a recession and could worsen inflation. These concerns have added to market volatility and contributed to the crypto market crash.
3. Bitcoin Long Liquidations: The market has seen a surge in long liquidations, with $241.07 million worth of long positions liquidated, increasing downward pressure on crypto prices. Bitcoin's price drop from $65,000 to $60,000 has led to around $1 billion in long positions being liquidated.
4. Stock Market Decline: The stock market's sharp decline, spurred by the weak jobs report, has also impacted the crypto market. Major indices like the Nasdaq and Dow Jones have experienced significant losses, potentially spilling over into the crypto market.
5. Bitcoin & Ethereum ETF Outflows: Bitcoin and Ethereum ETFs have seen substantial outflows, with Bitcoin ETFs losing $237.4 million on August 2, and Ethereum ETFs experiencing $54.3 million in outflows on the same day. These negative flows, along with Genesis Trading's bankruptcy repayments in BTC and ETH, have exacerbated the market downturn.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#Altcoins #Memecoins
#repost
*Can $BTC Reach $100,000?*
Here are some facts we need to consider. Bitcoin's current market cap is $1.4 trillion, which is significantly larger than Saudi Arabia's GDP, three times UAE's GDP, and half of the GDPs of the United Kingdom and India. This is a remarkable achievement for an asset like Bitcoin. If its price surpasses $100,000, its market cap would exceed $2 trillion.
Firstly, it’s important to note that Bitcoin is not a stable asset. Many countries around the world do not accept it. Bitcoin and other cryptocurrencies are highly volatile; the market can experience significant declines due to a single piece of bad news. At the current price of Bitcoin, if a global conflict or another pandemic situation were to arise, the cryptocurrency market would likely suffer the most. This is because there are no daily-use product companies or bank reserves backing Bitcoin to provide stability.
As crypto traders, our focus should be on making money rather than being passionate about Bitcoin or cryptocurrency. Bitcoin may soon return to around $30,000. If you wish to double your investment, you could consider shorting Bitcoin at $68,400 with 5x leverage and closing it comfortably at $48,000.
$BTC $SOL
#btc #sol #Write2Earn!
Here are some facts we need to consider. Bitcoin's current market cap is $1.4 trillion, which is significantly larger than Saudi Arabia's GDP, three times UAE's GDP, and half of the GDPs of the United Kingdom and India. This is a remarkable achievement for an asset like Bitcoin. If its price surpasses $100,000, its market cap would exceed $2 trillion.
Firstly, it’s important to note that Bitcoin is not a stable asset. Many countries around the world do not accept it. Bitcoin and other cryptocurrencies are highly volatile; the market can experience significant declines due to a single piece of bad news. At the current price of Bitcoin, if a global conflict or another pandemic situation were to arise, the cryptocurrency market would likely suffer the most. This is because there are no daily-use product companies or bank reserves backing Bitcoin to provide stability.
As crypto traders, our focus should be on making money rather than being passionate about Bitcoin or cryptocurrency. Bitcoin may soon return to around $30,000. If you wish to double your investment, you could consider shorting Bitcoin at $68,400 with 5x leverage and closing it comfortably at $48,000.
$BTC $SOL
#btc #sol #Write2Earn!
Some great picks 💯
LIVE
Doctor-Strange
--
🚨🚨Millionaire’s Dream: 8 Altcoins with Unbelievable Growth Prospects! 💲🚀🚀
These Altcoins Will Make The Next Generation Of Millionaires 💵 💵 💵
1️⃣: $RNDR (Render Token)
Target: 15x 💰
Render Token (RNDR) is revolutionizing the digital creation space by leveraging decentralized GPU power. Artists and studios can render graphics more efficiently, leading to higher quality outputs. With increasing demand in the gaming, VR, and AR sectors, RNDR is poised for substantial growth. 🚀
2️⃣ $NEAR (NEAR Protocol)
Target: 10x 💰
NEAR Protocol is a high-performance blockchain designed to provide the ideal environment for decentralized applications (dApps). Its unique sharding technology and developer-friendly environment make it a formidable competitor in the space. The ongoing growth of its ecosystem suggests a bright future. 🌟
3️⃣ $FET (Fetch.ai)
Target: 15x 💰
Fetch.ai is creating an autonomous machine economy through AI and blockchain. Its platform enables the development and deployment of autonomous agents for various use cases, from supply chains to smart cities. With AI becoming more integral to our daily lives, FET has massive potential. 🤖
4️⃣ $ONDO (Ondo Finance)
Target: 15x 💰
Ondo Finance focuses on structured finance solutions within the DeFi space, offering risk-optimized investment opportunities. As DeFi continues to mature and attract traditional finance participants, ONDO's innovative approach positions it for significant gains. 📈
5️⃣ $inj(Injective Protocol)
Target: 20x 💰
Injective Protocol is a decentralized derivatives exchange that offers unique trading opportunities across a range of markets. Its zero-gas fees and fast transaction speeds make it highly attractive. With the growth of decentralized trading, INJ stands to benefit enormously. 🔥
6️⃣: $TAO (Lamden)
Target: 15x 💰
Lamden (TAO) is a blockchain development framework aimed at simplifying the creation and deployment of new blockchains and dApps. Its focus on developer experience and seamless integration makes it a strong contender in the blockchain development tools sector. 🛠️
7️⃣: $GRT (The Graph)
Target: 20x 💰
The Graph (GRT) is an indexing protocol for querying data on blockchains. It has become an essential tool for many decentralized applications, providing fast and reliable access to blockchain data. As the demand for blockchain data grows, so does GRT's potential. 📊
8️⃣: $PIXEL (Pixel)
Target: 30x 💰
Pixel is a project focused on integrating blockchain technology with digital media and advertising. By providing transparency and efficiency to the advertising ecosystem, Pixel aims to revolutionize how digital ads are managed and monetized. With the digital advertising industry constantly evolving, PIXEL has immense growth potential. 📸
$PIXEL
$INJ
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #BinanceTurns7 #BinanceTournament #SOFR_Spike
1️⃣: $RNDR (Render Token)
Target: 15x 💰
Render Token (RNDR) is revolutionizing the digital creation space by leveraging decentralized GPU power. Artists and studios can render graphics more efficiently, leading to higher quality outputs. With increasing demand in the gaming, VR, and AR sectors, RNDR is poised for substantial growth. 🚀
2️⃣ $NEAR (NEAR Protocol)
Target: 10x 💰
NEAR Protocol is a high-performance blockchain designed to provide the ideal environment for decentralized applications (dApps). Its unique sharding technology and developer-friendly environment make it a formidable competitor in the space. The ongoing growth of its ecosystem suggests a bright future. 🌟
3️⃣ $FET (Fetch.ai)
Target: 15x 💰
Fetch.ai is creating an autonomous machine economy through AI and blockchain. Its platform enables the development and deployment of autonomous agents for various use cases, from supply chains to smart cities. With AI becoming more integral to our daily lives, FET has massive potential. 🤖
4️⃣ $ONDO (Ondo Finance)
Target: 15x 💰
Ondo Finance focuses on structured finance solutions within the DeFi space, offering risk-optimized investment opportunities. As DeFi continues to mature and attract traditional finance participants, ONDO's innovative approach positions it for significant gains. 📈
5️⃣ $inj(Injective Protocol)
Target: 20x 💰
Injective Protocol is a decentralized derivatives exchange that offers unique trading opportunities across a range of markets. Its zero-gas fees and fast transaction speeds make it highly attractive. With the growth of decentralized trading, INJ stands to benefit enormously. 🔥
6️⃣: $TAO (Lamden)
Target: 15x 💰
Lamden (TAO) is a blockchain development framework aimed at simplifying the creation and deployment of new blockchains and dApps. Its focus on developer experience and seamless integration makes it a strong contender in the blockchain development tools sector. 🛠️
7️⃣: $GRT (The Graph)
Target: 20x 💰
The Graph (GRT) is an indexing protocol for querying data on blockchains. It has become an essential tool for many decentralized applications, providing fast and reliable access to blockchain data. As the demand for blockchain data grows, so does GRT's potential. 📊
8️⃣: $PIXEL (Pixel)
Target: 30x 💰
Pixel is a project focused on integrating blockchain technology with digital media and advertising. By providing transparency and efficiency to the advertising ecosystem, Pixel aims to revolutionize how digital ads are managed and monetized. With the digital advertising industry constantly evolving, PIXEL has immense growth potential. 📸
$PIXEL
$INJ
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #BinanceTurns7 #BinanceTournament #SOFR_Spike
Good insights on the MT Gox situation
🚨DISCLAIMER!!!🚨
~
🚨Mt. Gox Repayments & #Bitcoin Market Impact🚨
~
The situation related to Mt. Gox repayments is over-rated. Here's why:
~
Mt. Gox has started repaying its creditors, leading to concerns that this will push $BTC below $53k. However, I believe this fear is unfounded.
~
While Mt. Gox held approximately 150,000 #BTC , the repayment will be made in BTC rather than USD. This means there won't be a need to market dump Bitcoin to convert it to USD. The distributed BTC will be broken down into small portions among many creditors, reducing the threat of a large-scale market dump.
~
Many creditors are up significantly, potentially 100x on their BTC holdings. Selling immediately would result in a significant taxable event. While some may sell immediately, many are likely to hold their BTC, or sell overtime rather than selling immediately, reducing the potential impact on the market price.
~
🚨 Mt. Gox Bitcoin Distribution Update:🚨
36% of the Mt. Gox Bitcoin has been distributed to creditors! Yesterday, 48,641 BTC was transferred from Mt. Gox Trustee wallets to Kraken Exchange. Kraken users received notifications about their BTC.
~
This significant movement marks the start of the real distribution process. The trustee still holds 90,344 BTC to be distributed over time. Stay tuned for further updates as the distribution continues!
~
Source charts are below:
#Bitcoin #MtGox #MtGoxJulyRepayments
~
🚨Mt. Gox Repayments & #Bitcoin Market Impact🚨
~
The situation related to Mt. Gox repayments is over-rated. Here's why:
~
Mt. Gox has started repaying its creditors, leading to concerns that this will push $BTC below $53k. However, I believe this fear is unfounded.
~
While Mt. Gox held approximately 150,000 #BTC , the repayment will be made in BTC rather than USD. This means there won't be a need to market dump Bitcoin to convert it to USD. The distributed BTC will be broken down into small portions among many creditors, reducing the threat of a large-scale market dump.
~
Many creditors are up significantly, potentially 100x on their BTC holdings. Selling immediately would result in a significant taxable event. While some may sell immediately, many are likely to hold their BTC, or sell overtime rather than selling immediately, reducing the potential impact on the market price.
~
🚨 Mt. Gox Bitcoin Distribution Update:🚨
36% of the Mt. Gox Bitcoin has been distributed to creditors! Yesterday, 48,641 BTC was transferred from Mt. Gox Trustee wallets to Kraken Exchange. Kraken users received notifications about their BTC.
~
This significant movement marks the start of the real distribution process. The trustee still holds 90,344 BTC to be distributed over time. Stay tuned for further updates as the distribution continues!
~
Source charts are below:
#Bitcoin #MtGox #MtGoxJulyRepayments
King stuff
LIVE
kizoki _Yz
--
🐂 GCR said today that we are still in a bull market.
GCR is the person who:
😏Bearish market and short altcoins at the market top in November 2021.
😏Bet against Do Kwon and shorted #LUNA.
😏Remind people to withdraw funds when #FTX crashed.
$BTC $ETH $BNB
#AirdropGuide #BNBHODLer #CPIAlert #BTCFOMCWatch #ETHETFsApproved
GCR is the person who:
😏Bearish market and short altcoins at the market top in November 2021.
😏Bet against Do Kwon and shorted #LUNA.
😏Remind people to withdraw funds when #FTX crashed.
$BTC $ETH $BNB
#AirdropGuide #BNBHODLer #CPIAlert #BTCFOMCWatch #ETHETFsApproved
$TAO is a very volatile but fundamentally secure project. For those scalping or swing trading, keep your eyes on TAO.