Financial trading, especially in the cryptocurrency market, is always attractive because of its high profit potential, but the fact is that 90% of traders often fail. This is not due to bad luck but comes from deep-rooted causes of psychology, strategy and risk management skills. So what is the reason why most traders fail even though they have been in the market for a long time? 1. Lack of knowledge and skills
“As predicted” :))))))) OM has actually dropped from 2.7 to 2.2 (20%) in less than 1 day since MGS’s warning. Coins that have a history of large-scale and reckless pumping and dumping like this, it’s best not to fomo them, I’ve told you so many times, but if you guys keep rushing in and almost burning out before calling for help, I don’t know how to save you.
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Overview of $OM
OM has increased by 3 times in almost just 1 week, currently it has shown signs of peaking in the H4, D time frame and can be adjusted at any time.
Therefore, if you have a long position or are thinking of long fomo, you should think carefully and limit risks. MGS trading does not encourage any future trading of this token, because the history of the token often has quite a few short kill beats with wide amplitude. After each strong increase, this token usually /2 /3
BNB is a token of binance listed by MGS trading in the top coins suitable for long-term holding.
Although following the general market trend, BNB has also decreased by 45% since the peak created in March 2024 and then had a significant recovery. In the recent surge above BTC's peak, BNB has also returned to near its old peak.
Looking at the H1 time frame and above, it shows signs of growth in the coming time of this coin.
BNB is only less than 15% away from its old peak. Therefore, expecting BNB to break the peak and move towards the price of 900$ - 1000$ is completely possible.
Although BNC's appeal has decreased significantly since the LP coin continuously divided and BNC also continuously listed shitcoin memes. However, Binance's position has never been challenged.
What do you think about this coin? Leave your comments below.
MGS has been 3 months old. I also have a few words to say to the Admins and Members of the group during this time. Although I can't express it through actions, I really appreciate everyone's efforts and support. From a small group with only a few people interacting to 8k members now 😎 Happy 3-month birthday to MGS Trading 🎉🎉🎉
OM has increased by 3 times in almost just 1 week, currently it has shown signs of peaking in the H4, D time frame and can be adjusted at any time.
Therefore, if you have a long position or are thinking of long fomo, you should think carefully and limit risks. MGS trading does not encourage any future trading of this token, because the history of the token often has quite a few short kill beats with wide amplitude. After each strong increase, this token usually /2 /3
This is one of the popular beliefs of investors. Browsing Square, I also saw a series of articles like this, although they did not provide any clear evidence. Will BTC.D really push the Alt season when it is just an indicator that follows the price and has absolutely no direct impact on cash flow?
Let's look back at MGS's perspective on BTC.D (Dominance) in old analysis articles.
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BTC.D (Dominance) - An Unreliable Indicator?
Since Bitcoin's peak (ATH), its value has only decreased by less than 10%, but many altcoins have split 2-5, even 10-15 times. In theory, BTC Dominance (BTC.D) should have increased sharply to 70-80%. But in reality, BTC.D only increased by 6%. Why is that?
1. Stablecoin development: Stablecoins such as USDT, USDC, and FDUSD are continuously printed in huge quantities, but do not directly affect the price of altcoins. They account for the majority of the market capitalization but do not increase the cash flow into Bitcoin. This makes BTC.D not truly reflect the cash flow trend.
2. New tokens distort the data: New tokens such as memecoin and gamefi continuously appear, sucking liquidity from old altcoins. Money flow does not focus on old altcoins but spreads to emerging coins, causing BTC.D to decrease but money flow does not flow into altcoins. For example, Not, Hmstr of gamefi or most recently the Goat project - a meme coin about AI that reached a capitalization of nearly 1 billion dollars after only 14 days of launch
3. Over-reliance on technical analysis:
Drawing chart lines predicting that BTC.D will increase to a certain level and then decrease sharply to trigger altseason has become a popular belief. But that is just a temporary dose of dopamine that makes many traders believe that when BTC.D reaches a certain ceiling, altcoins will explode again. This is a sophisticated manipulation trick from market makers (MMs), making it easy for you to be led along an existing price path. When fluctuations occur, you find ways to justify yourself to legitimize this result, instead of clearly seeing the truth.
- Upbit is being investigated for fake accounts related to KYC, with 50-60% of the accounts being suspected of money laundering.
- KOLs and some groups are spreading the image of "Black Swan" - a caricature of something big that can collapse without our expectation.
- Yesterday CZ also tweeted number 4 - meaning for FUD.
As long as major governments like the US, China, Russia, ... have not publicly supported and reserved BTC, BTC is still likely to encounter a real "black swan" that will pull all efforts to push the price for the past half year to 0. But I think it will be more of an opportunity to enter the ranks like 2022 than the end of Crypto.
When will you understand that this market is not really short of money, they need a reason to fomo and legitimize the price path. If you still think that if you want to cap BTC x2, you have to pour an amount of money equivalent to the cap into the market, then you still don't understand anything about Crypto in general and BTC in particular. Think about this issue before deciding to throw money into Futures without discipline, you will be empty-handed.
In the volatile world of cryptocurrencies, the story of an investor who made tens of millions of dollars from meme coins not only evokes curiosity but also sheds light on profound lessons about risk, opportunity, and investment strategy.
1. The Power of Media: When a Tweet Changes Everything
On November 2, a tweet by Elon Musk mentioning $PNUT created a big push, pushing the coin's value skyrocketing. This is not the first time the cryptocurrency market has been strongly influenced by famous figures.
Layer 2 this season is very weak, investors basically split from 5-10 times. It seems that you guys are so bored that you don't want to sell, it goes down and you don't care 🤣
Many guys also asked me to view Layer 2, analyze the potential, the technique, but in fact, this line has nothing more to analyze
Layer 2, is the technology okay? Yes Is it useful? Yes Potential? Yes Are there many users? Many Are the backup funds strong? Strong Is it necessary? Is there Good fundamental analysis? Good Is the technical analysis okay? Has broken out of the downtrend, good
Will the price increase? No :))) And continue to split ...
Although the indicators are all oversold, a few have broken out of the downtrend but there has not been any significant push. So if anyone follows this system, they can only divide it into parts and expect from its base. There is no really significant information to analyze this coin line at this time 😅
Sol is good? Right Sol system is good? Also right Sol system meme is good? Right, but not enough Every week, 200-300k new tokens are created on the Sol system. And guess how many coins can grow x100-x1000? Don't let the market lead you 🤓
BTC seems to enter a correction period earlier than expected 🤯
Yesterday's entry from MGS Trading for everyone has not been matched yet but BTC has already collapsed. Cancel this order everyone
BTC has officially entered a short-term correction period, but with a very wide amplitude and dense liquidity. Limit long BTC at this time, you will lose your hand.
The adjustment to the beginning of 6-7 is reasonable to continue the growth cycle. There is nothing too surprising if BTC continues to decrease by 10-12k more
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Wow. Congratulations to BTC for reaching Super ATH 93k4 🎉
Although all indicators signal overbought. But it seems that you don't care much :))) Money can't be printed fast enough, new money has continuously poured into BTC in the past 2 days. Completely different from the period 1 week ago when the money poured into BTC was mainly withdrawn from altcoins.
But no matter what, I still view it as a short-term decrease. The strongest psychological resistance zone is at 100k. It is also the profit-taking zone of quite a few holders in the 38-52k period. So I expect that when it reaches it, it will turn around and decrease sharply. If BTC breaks 100k, there is no longer any clear basis for a short order. MGS trading recommends a short limit. It's quite rare that we call at Square because of the fundamental nature, fate 😘
Limit Short BTC Entry: 95.474 Sl 100.475
Because it's just a liquid order and psychological barrier, so go with small vol. No allin in any form.
Why do 90% of traders fail and how to avoid becoming one of them?
Financial trading, especially in the cryptocurrency market, always has a strong appeal with the promise of high profits. But in reality, the path to becoming a successful trader is not easy. Many people have failed, to the point that statistics show that up to 90% of traders fail. This is not due to luck, but mainly due to lack of thorough preparation, lack of clear strategy and ability to control psychology in trading. So, what are the mistakes that traders need to avoid?
While meme coins are in a strong growth cycle, even surpassing the peak in the recent past, DOGS is showing signs of slowing down. Currently, although it has broken the downtrend on the daily chart, in the short term, DOGS will likely adjust to the 0.00058 - 0.00049 range before accumulating and increasing strongly again.
Dogs is a commodity that was highly appreciated at the time of its launch and was pushed close to ATH at one point, but then DOG fell into a strong correction cycle (price decrease) and has now divided by 3 since the peak.
In my personal opinion, it is unlikely that this token can grow as strongly as other tokens of the same system in the short term. Everyone should be careful when investing in this coin.
Satoshi's Bitcoin Wallet Now Worth Over $100 Billion The fortune of Satoshi Nakamoto, the anonymous founder of Bitcoin, has surpassed the $100 billion mark thanks to the cryptocurrency's meteoric rise, placing him among the world's 20 richest people, according to data from Timechainindex.
During the Bitcoin mining period from 2009 to 2010, the Patoshi wallet, believed to belong to Satoshi, accumulated more than 1.12 million BTC. With Bitcoin currently trading at around $93,434, the total value of $102 billion, or 5.68% of the total BTC supply, puts Satoshi on par with billionaires like Michael Dell ($110.2 billion) and Bill Gates ($105.2 billion), and ahead of other notable figures like Binance's Changpeng Zhao ($62.6 billion) and Indian billionaire Mukesh Ambani ($99.7 billion).
Surely no one wants this wallet to appear. If it falls into the hands of an individual. This could become one of the strongest rekt crashes of BTC. It is unimaginable that if a person holds 5.68% of the BTC supply, he can manipulate the BTC price to what extent. So now, even if this wallet falls into your head, it will be difficult to spend :)))
Following the emergence of ETFs for Ethereum (ETH) and Bitcoin (BTC), many have begun to speculate about the possibility of a Meme ETF, especially with the rise of Pepe and the strong resurgence of Dogecoin. Dogecoin, one of the most popular and strongly supported cryptocurrencies, has become a strong candidate for a Spot ETF. However, the road for Dogecoin to achieve this goal is not easy.