Cheat Sheet: Your Secret Weapon to Predict Price Reversals with RSI
$BTC $1000CAT $PENGU Are you missing trend reversals or struggling to understand market momentum? The Relative Strength Index (RSI) is a game changer, helping you predict price movements accurately. Here is a simplified and professional guide to the RSI to master today:
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1️⃣ Overbought & Oversold Levels
Overbought:
RSI > 70: Indicates that the market may be overbought and a pullback is likely.
Professional Tip: Confirm with bearish candle patterns for stronger signals.
Elon Musk's Impact on Cryptocurrency in Chronological Order 💰🚀
1. "One Word: $DOGE " 🐕 Date: December 20, 2020
> "One Word: Doge." Impact: 🚀 Dogecoin saw a sudden spike in trading and value.
2. "Dogecoin is the people's cryptocurrency" 👨👩👧👦 Date: February 6, 2021
> "Dogecoin is the people's cryptocurrency." Impact: 🤑 Dogecoin's price skyrocketed, gaining global attention.
3. Tesla's Dogecoin Survey ⚡ Date: May 11, 2021
> "Do you want Tesla to accept Doge?" Impact: 📈 Speculation about Tesla accepting Dogecoin as payment led to a surge in its value.
4. Tesla suspends Bitcoin payments 🌍 Date: May 12, 2021
> "Tesla has suspended vehicle purchases using Bitcoin. We are concerned about the increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel."
Impact: 📉 Bitcoin price dropped significantly following the announcement. $BTC
5. Twitter logo change to Doge 🐕🦺 Date: April 3, 2023
Action: Musk changed the Twitter logo to the Dogecoin symbol.
Impact: 🚀 Dogecoin value increased following the change.
6. "Honored to lead DOGE" 🏛️ Date: November 2024
> "I am honored to be chosen to lead DOGE (Office of Government Efficiency). Let's make governance more efficient and fun!" Impact: 💥 Dogecoin surged 800%, reaching new heights.
7. Profile change to $PEPE Coin 🐸 Date: December 31, 2024
Action: Musk updated his X profile picture to Pepe the Frog dressed as a gladiator and changed his name to "Kekius Maximus". Impact: 🔥 Pepe Coin surged 6%, showing Musk's continued influence on the crypto market.
💡 Conclusion:#ElonMuskcontinues to be a powerful force in the crypto world, using his influence and creativity to either move or disrupt the market. 🌟
As we enter 2025, may your portfolios be in the green, your trades hit TP, and your strategies bring in incredible profits. Here’s to a year of bull runs, smart entries, and no sell-off zones!
Thank you for being a part of this journey. Let’s continue to accumulate gains, ride waves, and turn opportunities into success together.
Here’s to a prosperous and innovative year in crypto!
Europe Bans USDT and Loses Ground in the Global Market: A Disaster Foretold?
Europe, December 30, 2024 – In a decision that is being called an “economic disaster” by industry analysts, the European Union has restricted the circulation of Tether (USDT), the world’s largest stablecoin. The move, part of a new wave of strict regulations, is already prompting a mass migration of crypto investors and startups to more favorable regions such as Asia and the Middle East. Experts were not shy about criticizing it. “This decision does not protect anyone – on the contrary, it pushes Europe out of the global crypto market, while rivals such as Dubai and Singapore take advantage to attract billions in investment,” said Klaus Reinhardt, a market strategist.
BTC dominance falling! we will soon see altcoin season 🚀
We started another day with a good setup, and#BTCDominance finally fell below 58%, and notice that#altcoinshave already started to react positively.
Bitcoin is heading towards a monthly and yearly close within this RANGE, but a lateralization here and the drop in its Dominance is what favors altcoins, so that's fine! While I think we could still see some cuts on both sides, today I think we will see some good price action here. Things are lining up for a good run in January, be prepared! 🚀✊🏻
Summary of Cryptocurrency Income Tax Declaration in Brazil
Here are the main points not to forget. What are cryptocurrencies, according to the Federal Revenue Service?A cryptocurrency, according to the Federal Revenue Service, is the “digital representation of value denominated in its own unit of account, the price of which can be expressed in local or foreign sovereign currency, transacted electronically using cryptography and distributed ledger technologies, which can be used as a form of investment, instrument for transferring values or accessing services, and which does not constitute legal tender”.
🔴 2013 - You lost $BTC 🔴 2014 - You lost $DOGE 🔴 2015 - You lost $LTC 🔴 2016 - You missed $ETH 🔴 2017 - You missed $ADA 🔴 2019 - You missed $BNB 🔴 2020 - You missed $DOT 🔴 2021 - You missed $SHIB 🔴 2023 - You missed $PEPE 🍀 In 2024, don't miss $OM
I remember when the got stuck below 70k 😂It took so long to break through that people were saying that 73k was the top of the cycle, the same thing they're saying now about 108k.
🔴 2013 - You lost $BTC 🔴 2014 - You lost $DOGE 🔴 2015 - You lost $LTC 🔴 2016 - You missed $ETH 🔴 2017 - You missed $ADA 🔴 2019 - You missed $BNB 🔴 2020 - You missed $DOT 🔴 2021 - You missed $SHIB 🔴 2023 - You missed $PEPE 🍀 In 2024, don't miss $OM
I was seeing this reflection on my friend Alano Crypto's profile.
And it makes perfect sense, there is a big difference between everything you can do and everything you can do today.
4 years and 2 months ago, when I decided to change my life path and return to Brazil at the beginning of the pandemic and start from scratch, I never imagined that I would make my first million, much less that I would have a channel with almost 100 thousand subscribers.
I remember that at the beginning a friend of mine sent me a screenshot of a group of “friends” from my old job making fun of me for having started a YouTube channel.
Well, time has passed and constancy, dedication and God's permission have brought us here.
You will get there, keep laying one brick 🧱 at a time 🙏🏻
Many people have been asking: “Why don’t you go in heavier?” or “Why don’t you put more capital into the operations?”
I am operating cautiously now for two main reasons:
1. Testing the orders: I needed to better understand how limit and market orders worked in Copy.
2. Market timing: This is not the best scenario to go in heavy in Swing Trade.
So far, I have carried out 3 operations using less than 8% of the cash available in Copy. My strategy is to significantly increase exposure in the range of $90k - $92k from $BTC . For now, it doesn’t make sense to risk more.
Don’t worry! Copy’s focus is on the long term. The current operations are “micro” and work as initial adjustments. As soon as good opportunities arise, I will increase our exposure strategically!
COIN NAME - #SUIUSDT SIGNAL TYPE - LONG The chart shows the SUI/USDT pair forming a classic Inverted Head and Shoulders pattern, a strong bullish signal. This pattern consists of three declines: the left shoulder, the head, and the right shoulder, with a resistance level at the neckline around $4.65. The price has broken or is testing this neckline, indicating a possible upward breakout. The price could increase significantly if confirmed, with the breakout target derived from the height of the pattern. This suggests a bullish rally ahead, and traders may consider building long positions to capitalize on the expected bullish trend. Market sentiment appears to be shifting towards bullish momentum.
I just posted a full analysis on the price action of $ETH on X:
In this analysis, I considered two more “pessimistic” scenarios for ETH.
Why is this important? Being prepared for all scenarios is essential. In this market, anything is possible, and the last thing you want is to be caught off guard.
As the saying goes: “The market can stay irrational longer than you can stay solvent.”
Stay alert and position yourself intelligently! 😉🏖