Are you ready for this month challenge ? who is the lucky p | Leo signals on Binance Square

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Are you ready for this month challenge ?
who is the lucky person ?
if BTC reaches 70k this month,I will give 3 sol to any winner .
All you need to do for this is to leave a comment (ok) in the comment box.

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BTC

68,376.39

+1.75%

SOL

175.78

+1.36%

342

0

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This image compares **Bitcoin's price behavior before and after halvings** across three cycles: 2017, 2021, and the anticipated 2024 halving. 1. **2017 Cycle (224 Days Before Halving)**: - There was an initial rise in Bitcoin's price, but after the halving, a sharp decline occurred. This was followed by volatility, eventually leading to a significant price drop before stabilizing. 2. **2021 Cycle (224 Days Before Halving)**: - Similarly, Bitcoin's price surged before the halving. After the halving, it entered a volatile downward trend, resembling the 2017 pattern, with a steep drop before entering the next accumulation phase. 3. **2024 Cycle (Projected, 224 Days Before Halving)**: - For 2024, the chart indicates that we are 224 days before the next Bitcoin halving. While the trend shows a gradual increase, it remains to be seen whether Bitcoin will follow the previous patterns of volatility and decline before the expected post-halving bull run. ### Key Insights: - **224 Days Before Halving**: Both the 2017 and 2021 cycles showed similar behavior before the halving event — a significant rise in prices. - **After the Halving**: Each cycle led to volatile downturns immediately after the halving, before Bitcoin began to consolidate and prepare for the next bull phase. - **2024 Projection**: The chart suggests that Bitcoin is currently in a pre-halving rise, but it is uncertain if the post-halving volatility will repeat, though previous cycles suggest a similar possibility. This analysis aligns with the cyclical nature of Bitcoin's market behavior around halving events and supports the theory that after an initial period of volatility, significant price increases tend to follow.

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JTO long Entry 1.89 - 1.93 leverage 30x margin 6% Tp - 2, 2.05, 2.1

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A "whale trap" in cryptocurrency trading refers to a strategy used by large investors (known as "whales") to manipulate the market in their favor. This tactic involves creating a false impression of market activity to deceive smaller traders. Here are a couple of ways it might work: 1. **Pump and Dump**: Whales might buy large amounts of a cryptocurrency to drive up the price, encouraging smaller investors to buy in, fearing they'll miss out on gains. Once the price is sufficiently high, the whales sell off their holdings, causing the price to crash and leaving the smaller investors with losses. 2. **Fake Sell Walls**: Whales might place large sell orders at a particular price point, creating a "sell wall." This can make it seem like there's a lot of selling pressure, causing the price to drop as smaller traders sell off in panic. The whales then cancel their sell orders and buy up the cheaper coins. In both scenarios, the goal is to take advantage of the market movements they cause, profiting at the expense of smaller, less experienced traders.

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Be careful ❗️📈 A **bull trap** is a false market signal that suggests a rising trend in a financial asset, such as stocks or cryptocurrencies, is about to continue, but instead, the price reverses sharply downward. Traders who believe the upward trend will persist buy the asset, expecting to profit as prices continue to rise. However, when the price suddenly drops, these traders are "trapped" in a losing position. Bull traps often occur after a brief rally in a bear market or during a period of market consolidation, where the price briefly moves upward, luring in buyers before it reverses and continues downward. Recognizing a bull trap can be difficult, as it often involves analyzing price patterns, volume, and other market indicators.

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