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Ilyas64184089
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🇩🇪German Government keep dumping #
BTC
They have 23,788 remaining #Bitcoin worth $1.35 billion
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Here's the Analysis of #DEXE : #DEXE is moving up within the channel pattern, and forming the Head & Shoulder Pattern, which is a reversal pattern. Still, it below the major resistance area so its risky at the point. It good to wait for the break and close of the resistance area.
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✅ The week was quite successful for the bulls. Even though the stock market is gradually declining bitcoin is not just falling, but growing, which only confirms the strength of the bullish trend 🐂 Weekly news digest Donald Trump hinted at launching another NFT collection 🔸 WLD team and investor token lockup got extended by one year 🔸 The Li. Fi protocol got exploited resulting in the loss of over $8 million 🔸 Notcoin announced an airdrop of $7 million in NOT tokens to thousands of stakers & level holders 🔸 China is rumored to reconsider its Bitcoin ban by Q4 2024 🔸 Mt. Gox has moved over 140,000 bitcoins in preparation to distribute it via partner exchanges 🔸 Indian crypto exchange WazirX was hacked for almost $235 million 🔸 FTX will pay out 98% of its creditors at least 118% of allowed claims 🔸 Bitfinex Derivatives announces collaboration with crypto derivatives exchange Thalex 🔸 Token of the Tap-to-Earn game Pixelverse $PIXFI was listed on popular on CEXs 🔸 Federal Reserve Chairman said that the Fed will not wait for inflation to fall to 2% before starting to cut interest rates 🔸 The ECB held interest rates steady but kept the door open to further reductions this year 🔸 A recent Crowdstrike update has caused a massive Windows outage, leaving users around the world stuck in recovery mode ⌨️ 🔸 Cash App, launched by Block, will be ceasing operations in the United Kingdom 🔸 ZA Bank, the largest virtual bank in Hong Kong, announced that it will provide reserve bank services to stablecoin issuers 🔸 OKX crypto exchange has announced that Malta will serve as its MiCA hub 🔸 Galaxy reported a former general partner, Richard Kim, to the authorities for misappropriating at least $3.67 million of company funds 🔸 CEO of BlackRock calls Bitcoin a choice investment for those with pessimistic outlooks on the world 🔸 U.S. President Joe Biden said he had been diagnosed with COVID-19 🦠 🔸 Donald Trump names pro-crypto Ohio Senator J.D. Vance as his Vice President
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Are NFTs dead or alive? 🖼 Trends are changing. NFT search interest dropped 82% by early 2024, and their value has fallen 90% since the 2021 peak. Despite significant declines, the NFT market cap and trading volume increased early in 2024 before stabilizing. Sales fell from $4.14 billion in Q1 to $2.32 billion in Q2 📉 One of the most important new utilities of NFTs is the strong and well-known community behind the collections, and the desire of projects to get cheap PR by giving airdrops to the members of these communities. The focus of market participants is shifting from quick gains to sustainable value and potential "yield" that NFTs can bring as an asset. Calling the NFT market dead is premature and untrue ☺️☝ Three NFT collections with a lot of potential airdrops coming to its holders: • A relatively cheap one: Wassieverse • Mid-tier price: SchizoPosters • Expansive: Mad Lads
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⏳Extremely rare pattern - #1000PEPE 💸 In this situation we can observe a very, very rare formation - a mirror ascending channel. 📝This means only one thing, that in the near future we are likely to see another false breakdown of its lower boundary and the subsequent very fast return to the swing highs above, which are our target. 🔜I plan to enter the trade from current(0.0121$-0.0113$). 🛑 Stop loss will be at (0.01065$). ✅First take (0.0132$) ✅Second take (0.0135$) ✅Third take (0.0139$) When the first take is reached, the stop loss should be moved to breakeven. Reaching the third take will amount to 15.5% of net movement excluding shoulders.
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#DXY UPDATE : #DXY still making the Bearish Market Structure but gave a break below too. It might be a fakeout and next week will turn to be a bearish, but structure is bearish, so with Monday Market Open, track the movement and play with direction.
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