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Thank God, $BTC and all currencies have started to rebound, and now after this rebound, the market will start to stabilize. Let everyone understand that cryptocurrencies are digital or virtual currencies that use encryption for secure financial transactions. They operate on a decentralized network, using blockchain technology to record transactions and verify transfers. Some examples of cryptocurrencies include Bitcoin#, Ethereum#, and Litecoin# BTC# #ETH
"The market is under pressure. Is it time to buy or wait with caution? Many people are sitting in a state of anxiety due to the large decline that occurred in the market during the past two days. The question that concerns everyone now: Is this time an opportunity for me to buy, or should I wait and continue to hold on to the currencies I have? Let's analyze the subject simply
What does a correction in the market mean? A correction (Market Correction) is when the market suddenly collapses or declines significantly after it was a continuous rise. This usually happens when prices are above their real value or when there is a collective fear of a certain thing. In crypto, the issue happens a lot, because this market is known to be very volatile. Sometimes you find Bitcoin rising to the sky, and sometimes it falls to the ground, and all of this happens due to factors such as news, government decisions, or even some speculation. What happened in the recent decline? Central banks increased the benefits, and people began to fear an economic recession. Rumors about the bankruptcy of large companies in the crypto field. Decisions Surprise regulation from big countries like America and China.
Wholesale Many whales decided to sell large quantities for fear of loss.
What should I do? Buy now or wait?
Buy the Dip:
Why buy
When prices go down, it is an opportunity to buy at cheap prices if you think the market will make up for losses.
You have $100 and you see the world going up and down and you don't know what it's worth 😅 Focus my dear, focus on only one currency and follow its movements in 24 hours, for example xrp goes down and up from 2.50 to 2.80 in 24 hours
That means if you bought at 2.50 + Binance commission and sold at 2.80, the profits will be 30 cents on each xrp currency - the commission on the sale, repeat buying when it goes down and selling when it goes up and reap your profits even if they are small, but the point is that you learn and understand the market and buy and sell in larger amounts, God willing.
Warning: Choose a currency with strong momentum and a high cap market 🙏
$DOGS Currency Recommendations General trend: Current price: 0.0007465 🔻 (-0.36%).
The general trend shows a sideways movement 📈↔️ after a strong correction from the top 0.0009475 to the bottom 0.0006100 📉. The price is currently moving within a narrow range 🕒.
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Technical indicators:
1. RSI (Relative Strength Index):
Current value: 47.46 📉.
Indicates weak momentum with a balance between buyers 🟢 and sellers 🔴. No clear buying or selling pressure at the moment ⚖️.
🔴 Warning: XRP is no longer an alternative currency
$XRP In recent years, XRP (Ripple) has seen significant changes in the cryptocurrency market. However, we must predict that it is no longer an alternative currency but an important part of the global digital system. Here are some key points to consider: 1. Legal developments
In 2023, a US federal court ruled that XRP is not an alternative currency, giving the coin greater credibility and stability in the market.