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The Crypto Anatomy
Bearish
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🚨🚨🚨🚨 BREAKING 🚨🚨🚨🚨 AROUND $2,000,000,000 WORTH OF BITCOIN & ETHEREUM OPTIONS WILL EXPIRE TODAY Is this the reason for this dump? Because no such reason has surfaced yet that can shake the market suddenly and ruin the previous gains. What are your thoughts 💭 Let me know in the comments section. #buythedip #altcoins #ETFvsBTC #BinanceLaunchpool #Memecoins $BTC $ETH $BNB

🚨🚨🚨🚨 BREAKING 🚨🚨🚨🚨

AROUND $2,000,000,000 WORTH OF BITCOIN & ETHEREUM OPTIONS WILL EXPIRE TODAY

Is this the reason for this dump? Because no such reason has surfaced yet that can shake the market suddenly and ruin the previous gains.

What are your thoughts 💭

Let me know in the comments section.

#buythedip #altcoins #ETFvsBTC #BinanceLaunchpool #Memecoins

$BTC $ETH $BNB

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Here's Why The Australian Spot Bitcoin ETF Stands Out 🦾 📈 In a positive development for Australia, Monochrome Asset Management has launched a spot Bitcoin Exchange-Traded Fund (ETF) on the Cboe Australia exchange. Notably, the Monochrome spot Bitcoin ETF (IBTC) represents Australia’s first and only ETF holding Bitcoin (BTC) directly. Samson Mow, the CEO of Bitcoin technology company JAN3, highlighted IBTC’s unique position on the ETF market. First, he noted that the Monochrome spot Bitcoin ETF offers global investors direct in-kind creation or redemption. This feature allows them to directly exchange their Bitcoin for units of the ETF (IBTC) and vice versa, globally. This is quite different from other Bitcoin ETFs, especially those offered in the U.S. and Hong Kong, where investors typically deal with Authorized Participants (APs), who act as intermediaries. 🪙 Benefits of IBTC for borrowers and Bitcoin miners Compared to borrowing through pure coin loans, Mow emphasized that using IBTC as collateral offers potential advantages as it is considered a more established financial product. According to him, borrowing through IBTC might come with a better loan-to-value ratio (LVR) and lower interest rates than traditional pure coin loans. In addition, Bitcoin holdings of the ETF would not need to leave cold storage, even when borrowed against. This eliminates the risk of investors losing their Bitcoin holdings due to hacks or other security issues. For Bitcoin miners, this feature could be a game-changer to help expand their operations. Bitcoin miners might use the IBTC borrowing option to access capital without selling their Bitcoin holdings. #StartInvestingInCrypto #MicroStrategy #BlackRock #BinanceLaunchpool #Megadrop
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🚨🚨🚨🚨 BIG BREAKING 🚨🚨🚨🚨 More than $475 Billion of wealth wiped off in just 4 hours of trading. That's the effect of election day results on the Indian Stock Market today. 📌Sensex tanked almost 4400 points (-5.75%) 📌 Nifty tanked almost 1400 points (-5.95%) 📌 Bank Nifty tanked more than 4000 points (-7.95%) That's the biggest intraday fall recorded in the Indian Stock Market after the Covid-19 crash. #StartInvestingInCrypto #FIT21 #ETHETFsApproved #altcoins #BinanceLaunchpool
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$SOL If It Corrects Further, I'm Going All In Even after a fabulous run for the past six months there are these bizarre talks of this giant doing a Luna. 🤦🏼‍♂️ Crazy!! Moving ahead anything below $150 is like silver at this moment and anything below $140 is just pure gold 🪙 . 📊 Now, let's analyse some points. 🔸On the weekly chart after a continued uptrend, the price is respecting the ascending channel and currently moving within after a rejection at $180 which is a key resistance zone. Though I've marked $175 on the chart which is a sweet spot right now. The resistance is strong in this zone which we saw in the last couple of weeks. 🔸But the formation of a certain bearish candle raised a few eyebrows which seems ridiculous. The marked red candle is a "Shooting Star" also known as Inverted Hammer (when formed during a downtrend). Formation of this candle after an uptrend are signs of bumpy roads ahead and indicate weakness. 🔸But this won't prevail for much time as we witness that this candle formed after a reversal not at the exact top. Formation at the exact top is perfect time for bears and the fall is steep from that point. Solana already went through that rough phase with $120 getting tested twice after hitting a high of $210. Going with the daily chart, this week kicks off on a positive note with Sol rising almost 1.75% today currently trading above $165. A fall from here will test $160 first, then $150 followed by $140 and to strengthen the support even further it'll test $130. If this happens, I'm seeing a reversal from $150 or if it goes deeper then a reversal from the lower trendline as support which will be between $140-130. That's It!! We all know what happened with Luna and comparing that to get repeated with Sol is utter foolishness. #SolanaStrong #altcoins #FIT21 #Megadrop #StartInvestingInCrypto $SOL
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$PEPE Expecting A Seesaw Move Ahead So, how many of you bought the dip? That small correction turned out to be a mega sale for the buyers since it was like a wait of ages coming to an end. 📊 The week almost concludes with a healthy correction and the new support levels are getting built on the prices mentioned in the previous post. 📈 Now, let's go through the daily chart first. It has taken support on the upper trendline of the ascending channel and extended it's upward journey. But this week's sell off has put the buyers on the backfoot. And trading below the 7DMA (Daily Moving Avg.) puts more stress on the prices going downwards. At the time of writing Pepe was trading just above $0.000014 making it 5% down for the day. This is a major support area for the memecoin followed by $0.000013. I've mentioned a final resort at $0.0000125 (in dotted lines) as this was tested once. So, in the coming week chances are there it may fall inside the channel which means breaking the resistance trendline. 📈 Now Let's jump to weekly chart. The significant volume of the candle is signalling weakness and we may witness the support getting broken again. The fall may stretch towards $0.000013 and the final resort which I mentioned above may get a retest. The weekly RSI above 70, currently trading at 73.87 shows overbought levels. All in all, a sideways movement is awaiting in the week ahead and there will be one more chance for the buyers to fill their bags one last time before the big take off again. 💰 Though the chances are minimum, but in case of a reversal resistance is at $0.000016 and $0.000017 respectively. #pepe⚡ #BinanceLaunchpool #StartInvestingInCrypto #altcoins #memecoin🚀🚀🚀
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