Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
Creator Center
Settings
LIVE
Trade Eagle
--
Bullish
Follow
$LISTA
going to moon ❗️
Give a Tip
0 people tipped the creator.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
See T&Cs.
LISTA
0.3251
+5.48%
359
0
Replies
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Sign Up
Login
Relevant Creator
LIVE
Trade Eagle
@infinitysignals
Follow
Explore More From Creator
Market suddenly pump and dump ❗️ Reason whale trap A sudden pump and dump in the market can often be attributed to whale traps. Whale traps occur when large investors (whales) manipulate the market to create rapid price movements, usually for their gain. Here's how it typically happens: 1. **Pump**: Whales buy a significant amount of a cryptocurrency, causing its price to rise quickly. This attracts other investors (retail traders) who fear missing out (FOMO), leading them to buy as well. 2. **Dump**: Once the price is sufficiently high, whales start selling their holdings at the inflated price. This sudden selling pressure causes the price to drop sharply, leaving latecomers with losses. Whale traps exploit the market's volatility and traders' emotions to create opportunities for large players to profit at the expense of smaller investors.
--
BTC/USDT ### Price Action: - The current price is $55,752, reflecting a 2.49% increase. - Recent candlesticks show a strong upward trend, with the last green candle pushing the price above previous resistance levels. - The price broke above the 7-day, 25-day, and 99-day moving averages (MAs), indicating short-term bullish momentum. ### Moving Averages (MAs): - **MA(7):** $55,362.72 (Yellow line) - **MA(25):** $55,283.17 (Pink line) - **MA(99):** $54,766.57 (Purple line) The price moving above all these moving averages signals strong bullish momentum. ### Volume: - The volume bars indicate an increase in buying activity during the price surge. The most recent bar is significantly larger than previous ones, further confirming strong upward momentum. ### MACD: - The MACD (yellow) is above the signal line (purple), suggesting a bullish crossover and momentum. - The histogram is also green, indicating strengthening bullish momentum. ### RSI (Relative Strength Index): - **RSI(6):** 80.22 - **RSI(12):** 70.56 - **RSI(24):** 63.73 The RSI(6) is over 80, indicating that BTC is in the overbought territory, which could lead to a short-term pullback or consolidation. ### Conclusion: - The short-term trend is bullish, supported by strong price action, increased volume, and positive MACD signals. However, the overbought RSI levels suggest that a pullback or consolidation might occur before another leg up. - A break above $55,800 could indicate continued upward momentum, while support levels might be around $55,000 if there is a pullback.
--
AI/USDT 1. **Moving Averages (MA):** - The price is trading near the 99-period Moving Average (MA99), which is currently at 0.365. This could indicate a critical support/resistance level. - The 7-period Moving Average (MA7) at 0.367 is slightly above the price, signaling that the short-term trend might be turning bearish. 2. **MACD (Moving Average Convergence Divergence):** - The MACD histogram is close to zero, which suggests a lack of strong momentum either way. The MACD line is hovering near the signal line, implying that the market is in a consolidation phase. 3. **RSI (Relative Strength Index):** - The RSI (6) is at 32.625, which is close to the oversold region, indicating a potential buying opportunity if the price reverses. - The RSI (12) is at 47.052, showing neutral momentum, and RSI (24) is also close to neutral at 49.789. 4. **Volume:** - The volume appears to be declining, which may indicate a lack of strong buying or selling pressure in the immediate term. ### Conclusion: - The price seems to be consolidating near a key support level, but with mixed signals from the indicators. A breakout above the short-term moving average (MA7) could signal a bullish reversal, while a breakdown below the 99-period moving average might suggest further bearish momentum. - Watch for any confirmation in the MACD crossover and RSI movement for stronger trend direction.
--
$BNX $APE are showing strong performance in the crypto market. BNX, known for its decentralized cloud storage solutions, may be gaining traction due to increased demand for secure and private data storage.APE, often referred to as the first self-destructing cryptocurrency, could be experiencing a surge due to unique tokenomics or recent developments.
--
Don’t panic sell ❗️ Not panicking during market downturns is crucial in the crypto market. Sudden drops in prices can often be temporary, and panic selling might lock in losses that could have been recovered. It's often advised to have a long-term strategy and to do thorough research to understand the underlying value of your investments.
--
Latest News
FBI Reports $5.6 Billion Lost to Cryptocurrency Scams in 2023
--
Kalshi Awaits Decision On Election Prediction Markets
--
Musk May Face Summons From UK Parliament Over Role On X Platform
--
Plume Network Launches Tokenized Mineral Vault Amid High Demand
--
Trader Eugene Ng Ah Sio Maintains Long Positions in Multiple Cryptocurrencies
--
View More
Trending Articles
Friend.tech token drops 26% after team shirks control of smart contracts
Cointelegraph
Donald Trump: “I Will Ban Federal Employees From Limiting Free Speech in America”
Cryptopolitan
Weekly ETF Recap: Bitcoin Sees Longest Negative Streak, Ethereum Demand Missing
CryptoPotato
September’s Key Events Which Will Review Struggling Crypto Market
Coinpedia
Want to know how understand Candles? Read this article - Practical Guide
Crypto Insiders
View More
Sitemap
Cookie Preferences
Platform T&Cs
