#CryptoAMA Why is it important to pay attention to cryptocurrency volatility? 🤔
As a crypto newbie, I understand that the market often experiences sharp price fluctuations. But here's what's interesting: how important is it to consider volatility when choosing assets for short-term and long-term investments? What indicators or strategies help minimize risks?
How to achieve financial independence
Sounds impressive.
How to achieve financial independence?
Let's figure out what this means. Financial independence is when a person has enough invested funds to cover their living expenses without having to work for someone else to earn an income.
The benefits? You have all your time at your disposal and your interests come first.
I saw what was needed. Let's start diving into new ones.
Thank you for your activity! I saw what was needed. Let's start diving into new narratives and collecting projects that will show a really tangible increase in our crypto capital!✈️
➣ We have a clear AI sector - popular due to the growth of Nvidia and in general due to the hype around artificial intelligence. There is RWA - here the niche was occupied with ONDO (Coinbase and Blackrock support the project). But what else does the market need? Where will the rest of the liquidity go? To the old-timers: DOT, LTC, ARB, OP, etc.? NO ❗️
mini - Analysis of the chart for BTC/USDT with a timeframe of 4 hours (4h). Conclusions and recommendations.
This screenshot shows the chart for the BTC/USDT trading pair with a 4-hour (4h) timeframe on the Binance platform. Let's analyze the chart in detail and make some recommendations.
Basic elements of the graph:
1. Current price: 67,061.18 USDT, indicating a slight increase of 0.28% over the last 24 hours.
In the form that everyone expects... Have you noticed that after the launch of the ETF, the market slowed down?
All this time I was trying to figure out what was going on and where all the volumes were. I used all sorts of services for on-chain analytics (Arkham, IntoTheBlock, Nansen, etc.). As a result, I roughly understood one behavior of some funds and market makers, it is clear that they have a bunch of shadow wallets, but no one has canceled the human factor and it is still possible to track at least one puzzle of this chain.
So, I noticed that the market is starting to be divided by giants with WallStreet. And all this happens through OTC (over-the-counter) transactions between funds and project creators.
✈️Why will this season not be like the past ones?
Indeed, those very cherished#lifechangeMoneycan only be earned on those projects that will be supported by large corporations. They have billions of liquidity and the same amount of audience in Web2, they are the ones who will be able to make a revolutionary transition.
But there are hundreds of altcoins, how to choose the ones that will show the greatest growth? #Green_lamp $BTC $ETH $BNB
October 25: The US Department of Justice is investigating the stablecoin for possible third-party use for drug trafficking, money laundering, and other illegal activities.
As usual, people started to panic and sell a little.
Let's look at what happened before:
September 2024: Tether helped the US Department of Justice track down and freeze $6 million.
November 2023: Tether froze $225 million amid a DOJ investigation into a human trafficking syndicate.
The list goes on. This is typical FUD (fear, uncertainty, and doubt), nothing more.
Short sellers, are you ready? #Green_lamp $USDC $BTC
BTC/USDT on the 4-hour timeframe. Let's take a closer look.
The new screenshot shows the BTC/USDT pair chart on the 4-hour timeframe. Let's take a closer look at the current market conditions and technical indicators:
1. Current price and dynamics:
The BTC/USDT price is 67,817.09, which is a +0.27% increase over the last four hours.
The 24-hour high remains at 68.850 and the low at 67.250, indicating trading in a relatively tight range.
This screenshot shows the BTC/USDT trading pair chart on the Binance platform with a 1 hour (1h) time frame.
Key elements:
1. Current price: 67,880.00 USDT, which shows an increase of 3.82% over the past 24 hours.
2. Moving averages:
MA(7): Yellow line with the current price of 67,716.97 USDT.
MA(25): Purple line - 67,166.01 USDT.
MA(99): Long-term moving average (gray) - 67,479.40 USDT. The situation shows the intersection of short-term moving averages with a longer-term one, which is a sign of recovery.
3. MACD indicator:
DIF (the difference between the MACD and the signal line) shows a value of 237.07, and the MACD is 60.08. This indicates potential for further price growth, as the histogram turns green.
4. Volumes: Increased trading volumes, especially in the last hours, which supports the price move higher.
5. Support and resistance:
Support is around 65,260.00, the last low.
The nearest resistance is around 69,381.44.
Conclusions:
The chart shows a positive trend, and current signals indicate possible further growth. It is worth monitoring the price behavior relative to support and resistance levels, as well as the indicators for a change in trend. #Green_lamp $BTC
In the new screenshot we see a situation similar to the previous one, with some changes.
Bitcoin price has risen slightly to 65,869.99, but this is still down 1.65% in the last 24 hours. The movement remains downward, although the price is showing some attempts to stabilize.
So let's look at this 1 hour chart. We are seeing a clear drop in the Bitcoin BTC/USDT price
So, let's take a look at this chart. We are seeing a clear drop in the price of Bitcoin (BTC/USDT) and at the time of the screenshot it reached 65,836.03, which is a decrease of 1.69%. We can see that the last candles are quite red, which confirms the current downtrend.
Moving Averages (EMA):
EMA(7): 66,220.43 - this line shows that the short-term move is directed downwards, following a more aggressive decline.
Analysis of the current situation on BTC/USDT on the 4-hour timeframe
📉 Current situation on $BTC
On the 4-hour time frame, Bitcoin is trading around 67,364.51 USDT, showing a decline of 0.19%. The asset is under pressure as the price has fallen below the short-term moving averages EMA(7) and EMA(25), which signals weakness from buyers at the moment.
The MACD indicator remains in the negative zone, indicating a slowdown in momentum. Trading volumes are also low, indicating a decrease in interest in the asset in this price range.
BTC mini-analysis 4 hours 10/21/24 Judging by the screenshot:
1. Current price: 68,520.01 USDT. The price is slightly increasing (+0.16%).
2. Moving averages (MA):
MA(7) – 68,651.47: Indicates a short-term trend. The price is below this line, which may indicate a short-term correction.
MA(25) – 68,180.93: The price is above this level, which confirms a medium-term uptrend.
MA(99) – 64,559.65: Significantly below the current price, which indicates a long-term uptrend.
3. MACD: The MACD indicator shows -88.67, which may indicate a slight decrease in momentum in the market, but it is also worth considering that this may be a temporary correction.
4. Volumes: Over the last 24 hours, the BTC trading volume is 16,763.05 BTC, and the USDT volume is 1.15 billion. This indicates that traders are active in the market.
5. Potential support and resistance levels:
The nearest support is near 68,200 USDT.
The nearest resistance is near 69,500 USDT.
Overall, the trend remains upward, but with possible corrective movements. If the price remains above MA(25), we can expect further growth. #Green_lamp $BTC
🚀 Bitcoin is BULLISH as it catches up with the S&P 500 which is hitting all-time highs!
According to Cointelegraph, Bitcoin is poised for a major breakout – and all signs point to its price being on the verge of a run that will catch up with the rise in US stocks. 💥
Caleb Franzen, the founder of Cubic Analytics, has no doubt that BTC is on the cusp of a major turnaround. In his October 19 blog post, he explains that Bitcoin NEEDS to recover to match stocks, especially with the S&P 500 storming to new highs. 📈