It seems that the AI trend is urging the translation to grow after CZ's Tweet yesterday, right guys?
Looking at the increase table on the exchange, you can see that#FET#WLD is in the top increase on Binance and also see some AI projects running below like $IO $ARKM $NFP $AI $PHB ...
Surely you guys still remember a few days ago CZ also wrote a Tweet talking about AI, I also shared that it is very easy to create a trend, what the market needs is information like late 2023 early 2024, plus a hot news in reality like Open AI Company released the Sora video creator from text ... After that, the AI trend was activated and many XX projects in that period.
This uptrend, AI will definitely still be a big story when everyone mentions and fomo a lot, at the end of 2023 Meme and AI will take turns running XX, at the beginning of November, the meme trend also ran to heat up the market a bit, now will the AI trend come back in time, guys? #MarketDownturn
When an altcoin rises continuously for 4-5 months, no matter how bullish it is, at least you should take back your initial investment and some profits!
This is quite similar to the rule of the coin season 2020-2021, and many believe that if the market rises straight like in 2017-2018, what then?
In 2017-2018, $BTC surged strongly but Altcoins did not - 2017-2018 was the early stage of the altcoin market, you could say altcoins back then were like memecoins today, a few good ones did well and grew steadily like $PEPE $DOGE ,.... while most surged to lead the trend for a while and then faded into oblivion.
At that time, altcoins pumped fiercely and then crashed back to the ground, Vietnamese traders followed the tele group and made a few hundred million to a few billion overnight, but in the end, they ended up empty-handed!
In that purge, there were also some coins that became legends later on like $NEO $XRP $ETH ,... leading to the culture of Kols shouting to hold until death regardless of the splits in 2021.
Therefore, I think the rule for 2025 will be more reasonable, similar to the 2020-2021 season, as it aligns with some macro data - of course, the time periods will not match perfectly, we should just observe and estimate. #MarketDownturn #BTC☀ #etherreum
What is $ALT - Is it worth investing at this time?
It's been a long time since I mentioned it, $ALT must be very light now :))))
Hint: MM's supply tightening process is probably almost done, price increase is just a matter of time.
- Volume is exhausted, each day trading on Binance is $10M-$20M around the bottom ~0.1 => Few transactions, whoever sells has already sold and there is no more strong selling volume.
- Orderbook buys around 0.1-0.15 => MM blocks the wall and starts buying goods from weak retailers.
- It is likely that when the price increases, Onchain will report more ALT withdrawal orders from the exchange => creating fomo
- Binance cold wallet continuously withdraws ALT from the exchange
- Firechart has Brown + Purple Orders both buying in the long-term frame => Purple Orders are supporting the price in the 0.1-0.13 area and around 0.15.
- Upbit wallet is still accumulating ALT with ALT listed on upbit for a long time => When pushing the price, it will run very badly.
- Chart still reacts well + Volume starts to increase gradually => may have created a foundation to prepare for the upcoming uptrend.
Bullrun liquidity sweeps in futures, margin 10-20% within a 15-minute candle will occur very frequently!
Invite long positions to chase, high leverage because this is the fomo group but wants to win big.
Hold positions should remain unchanged as the price will retract and continue the upward trend.
These downward movements: "Quick drop and quick recovery".
Those who quickly buy the dip can gain 10-15%, and if not, that's okay too. Just have enough coins in the wallet and wait for the closing day. #MarketDownturn
Altcoin Season has been confirmed - The Altcoin Season Index indicator has officially broken 75!
DOM has also broken the 57% region and this downtrend will continue -> The next target for DOM is 54 and 52%.
=> In this December, the base of Altcoin will start to experience a crazy bullish wave.
For newcomers who are not familiar with how an Altcoin chart in Uptrend will look like, I have 2 altcoin charts that have entered the bull cycle, you can refer to them: $XRP and $SUI .
The common point is that the chart has broken the old peak and increased strongly, as shown through the full power W&M candles.
The coins I am holding like $EIGEN, $STRK, $WLD have already increased 50-100% from the bottom, but a crazy uptrend wave has not yet occurred.
=> So just confidently hold your coins in your wallet because in 1-2-3 months, the current area will turn into a sideways bottom.
Altcoins run fast, about 3-6 M candles is enough to see the peak and always remember to TAKE PROFITS - CASH OUT, okay guys! #MarketDownturn
🔹 $BTC slightly increased last night to 98k6 but that is not enough to break ATH once again. Meanwhile, BTC Dom continues to drop to 57.7%.
🔸 The group of old large-cap altcoins is showing superior performance such as EOS, ALGO, HBAR, XLM,... Even XRP has climbed to the top 5 in total market capitalization. Will the formula from previous seasons repeat itself once again in the upcoming period?
🔹 The price of BTC is stabilizing, while the flow of money is clearly moving from Bitcoin => Large Caps. Therefore, we can fully expect Mid Cap tokens to be pumped in the coming weeks.
🔸 The price of Bitcoin holding steady and the decline in BTC Dom is a good basis for being Bullish in the upcoming phase. However, please note that there may be a lot of Sell orders at the 100k mark!
⭐ $LINK the king of Oracles, although it is a heavy ship, has also pumped more than x2 from the bottom, this is one of the assets that I highly value for its long-term potential
- LINK is slow but steady, it will not rise early like tokens from other trends, but once enough accumulation occurs, it will increase sustainably and not drop too deep
- A large part of this is because throughout more than 2 years of downtrend, the project has shaken off quite a few weak hands and the developers have quietly accumulated the assets
- Previously, LINK was at $8 or $9, I also told everyone to buy, and now just take it easy and the ship will sail, projecting this season LINK to go above $100... #MarketDownturn
It seems that the AI trend is urging the translation to grow after CZ's Tweet yesterday, right guys?
Looking at the increase table on the exchange, you can see that#FET#WLD is in the top increase on Binance and also see some AI projects running below like $IO $ARKM $NFP $AI $PHB ...
Surely you guys still remember a few days ago CZ also wrote a Tweet talking about AI, I also shared that it is very easy to create a trend, what the market needs is information like late 2023 early 2024, plus a hot news in reality like Open AI Company released the Sora video creator from text ... After that, the AI trend was activated and many XX projects in that period.
This uptrend, AI will definitely still be a big story when everyone mentions and fomo a lot, at the end of 2023 Meme and AI will take turns running XX, at the beginning of November, the meme trend also ran to heat up the market a bit, now will the AI trend come back in time, guys? #MarketDownturn
The confirmation signal for Altcoin Season is becoming clearer
What to do now is to sit back and wait for the Altcoin closing day. Points of contact:
- DOM is starting to break down slowly => Money is flowing from $BTC to Altcoin - USDT.D has started to gradually break and I am dividing it into 3 areas
(1) Hovering around 4% if this area breaks, it officially confirms that the Altcoin season is starting to take place strongly.
(2) Around 2.5% and this area when touched indicates that many Altcoins are running in a bull wave (measured by several long candle W columns)
(3) Around 2% and this is an area to be cautious because this will be the area where early running Altcoins are completing their bull wave to enter the distribution phase.
This is just a way to view the overall wave of the market, and of course, when BTC DOM and $USDT decrease, there will also be some retracement waves and vice versa. Many Altcoins will also run before completing waves, followed by other coins.
Not to mention that in an uptrend, new coins will continuously follow the trend, and money will always be in a very fast and strong circulation state.
It does not necessarily mean that touching points (2) and (3) will be the point to fully take profits on Altcoin, but it is a point to consider taking profits on positions that have high ROI and can reinvest profits to snowball those trends at that time.
But remember to be decisive and not to procrastinate because it is very easy to have to wait for another cycle. #MarketDownturn #BTC☀ #Altcoins👀🚀
It's been a long time since we've witnessed Bitcoin drop from $5-7k, but it seems like AE's accounts haven't been affected much. The recent months have truly been a challenge, as BTC remains in the green amidst many altcoins showing no signs of growth, and some even experiencing sharp declines, especially on August 5 when BTC slaughtered altcoins causing tremendous losses.
However, the market has changed, with Bitcoin currently reaching $91k and many altcoins having increased 2-3 times from their lows, among which $SUI stands out with a 7-fold increase. After about 8-9 months, we are starting to feel a slight correction of BTC while still holding steady with altcoins. Do we have the opportunity to witness many such recovery waves in the future?
Looking at the current situation, if $BTC surpasses the new ATH and hits the $100k mark in December, many altcoins could potentially increase 2-3 times from their current levels. Hopefully, this level of growth will repeat as in previous cycles, promising that the altcoin season is approaching. #MarketDownturn #BTC☀
In this Layer 2, we notice the opposite trend, don't we? No more constant eating and dumping, right?
It seems that on almost every platform, people are only talking about $OP $ARB , $SRTK, or $MANTA, while very few mention the god $ZK at all?
If in this new season of Layer 2, ZK is the one that has received the most investment, as well as being invested by A16Z in 3 consecutive rounds. And currently, ZK has very attractive tokenomics with inflation not happening until June next year. As well as having the best market cap in the Layer 2 group.
I see that everyone is discussing less because they are afraid of weighing down the boat, allowing others to quietly accumulate, or what? 😂😂
I happen to like technology, so I love projects like ZK and STRK?
🔹 $BTC decreased by 5% last night but altcoins only adjusted slightly and seemed to recover immediately with a few long-wicked candles on the smaller time frames.
🔸 The Altcoin Season chart surged to level 51, which means we are very quickly approaching the confirmation level for altcoin season at 75. Many other indicators also support this, such as BTC.D dropping to 58.5% and TOTAL3 (altcoin market cap) continuing to rise this morning.
🔹 The fact that altcoins are holding their value very well, and even increasing against Bitcoin's correction, may come from Bitcoin holders taking profits on BTC and heavily investing that capital into altcoins.
📈 Are we preparing for the most beautiful season of the crypto market, my friends? #MarketDownturn #BTC☀
⭐ $BOME is a meme token that has garnered significant attention from the community but is experiencing growth that is not particularly impressive when compared to other memes on Binance.
- This season, the meme ecosystem is extremely strong, and you should have at least a few meme tokens in your investment portfolio to help support your account and avoid being left behind.
- Newcomers or those with limited knowledge about memes may choose memes on Binance as they are much safer compared to those on decentralized exchanges, which carry a very high risk and can easily lose value in a heartbeat.
- One of these is $BOME , which became quite famous upon its launch due to impressive listing times and trading volume.
- However, currently, BOME seems to be lagging behind most other meme tokens on Binance due to its growth percentage... the current market cap is over $600 million, are you still holding on to wait for the day BOME gets pumped...? #MarketDownturn #BTC☀ #bome🚀🚀🚀🚀
Techcoin wants to do what it takes to check the chart $ETH first.
The previous waves of $ETH run first, then the money will flow into the L1 EVM ecosystem - Defi - L2 ETH.
The current scenario is quite clear that $BTC runs first, then sideways to create a price base for ETH as well as the following Altcoins => Of course, this is assuming there is no impact from external news like WW3,...
Currently, ETH will test in the 3k-3k5 range; breaking this area will create momentum for ETH to have a new ATH => This will likely be the time for most techcoin holders to return to shore. #MarketDownturn #BTC☀ #eth