Market crash, those who experienced it this year and those who experienced it in previous phases, please give your likes!!!
I think this market crash is interesting to be honest, because it gives us the opportunity to buy the dip and get a good price. People who are afraid of market crashes, you could say they don't understand the essence of the crash. Therefore, here I will tell you about the essence of the market crash and which coins are interesting to buy.
Before that, I also often share tips and tricks about trading, psychology on my telegram channel, Billionaire Trader. You can also join through this link: https://t.me/BillionaireTrader99. Just join, it's FREE!!!
In BTC itself, if we look at it, there are 2 areas that are important points in the weekly chart, namely 53k and 72k. This area is a "sacred" area because it will determine the bullish and bearish direction of Bitcoin and also the entire crypto market that we trade and invest in.
Some things outside of bitcoin's technicalities, there are other factors that could possibly determine the direction of the crypto market and other high-risk assets such as stocks and forex, namely: Interest Rates and the US Election. Both of these things play an important role because interest rates will determine whether or not there is an inflow into high-risk assets from institutional money, and the US election will determine how the US economy will impact the global economy and what policies the president will give towards crypto, whether pro crypto or not. At first glance, the current election in the US will pit two people who are very much in the spotlight, namely Donald Trump and Kamala Harris after Joe Biden withdrew from this election. At first glance, Donald Trump is also seen by the public as someone who is very pro Bitcoin and cryptocurrency while Kamala Harris is seen as someone who is less pro Bitcoin and cryptocurrency so that for now, in the crypto community forum more people support Donald Trump to run as the next president in the US.
We will now go into the top 5 coins that I think could be the coins that could be the highlight in the bull run later. Don't forget to share with your friends about this coin and give your opinion in the comments!!!
The first coin is of course BTC, the mother of crypto itself. BTC remains interesting because if it can be bullish and break through its All Time High, then the entire crypto market will be bullish too. So it's a win-win solution here. In addition, with the increasing development of BTC as an institutional asset, BTC is also increasingly interesting to transform into "digital gold" which functions as an asset keeper. So, for those of you who aim to maintain the value of your money, BTC is an asset that remains good for the future.
The next coin is ETH, Ethereum. It is the second coin that has an ETF and is the coin that is the leader of alts coins. In terms of the chart, ETH itself has not moved much and has not even reached its all-time high again.
ETH is still interesting because the movement after yesterday's dump is still in its support area so the chance and reward that we can get are quite good if we can print a new all time high. ETH to 10k is real?????
The next coin is SOL, Solana. Sol is interesting because it is the third largest coin by market cap and has an issue that the next ETF after btc and eth is solana. Solana in the market also appears to outperform btc several times with the solana ecosystem, where solana and memes coin are highlights in the market in the second half of 2024.
In terms of price structure, Sol is still sideways - sideways, but it is interesting if it can break from the 203 area because that is the new high of solana in terms of chart structure and forms a bullish structure. Can you imagine if solana is all time high, how will the performance of the solana ecosystem and the memes coins in solana be? It is very interesting to watch!!
Next is XRP, Ripple, which has become the “favorite” coin of many people with all the drama that XRP is facing with the SEC in the US. XRP is again interesting because it has won the lawsuit from its drama with the SEC so that currently XRP is getting a positive response in the market.
In terms of the chart, it is very different from the others, because xrp has a sideways structure from last year. The chart is indeed the most lagging, but because it is the most lagging, it makes xrp interesting if the problem with the SEC is resolved, there is potential to pump to the $ 1 area again.
The next coin is TON. TON is also interesting because it has the most “sexy” technicals because it is the newest coin among the 4 coins above.
TON if it can form a bullish HH HL structure, then the possibility of flying is very high for this TON. The movement of TON so far is also quite good by being able to form a hammer candle after rebounding from its weekly support area of 4.74.
Those are 5 coins that are interesting enough to buy the dip, and the most important of them all is this factor: Bull Run when???
If it's a bull run, all you have to do is wait for the time for all the coins to go up. That's the most important thing for us to wait for hehehe