Pro Mercado. Análisis y finanzas acerca de las criptomonedas más populares. Sígueme para estar al tanto de las posibles predicciones a futuro del mercado.
I hit the prediction that Doge would rise again in August. I forecasted the rise for October - November.
Now I see a lot of desperate people spreading false news, instilling fear in the market, and making incorrect analyses.
If I am wrong, well, but if I am right, I think we should be able to start seeing things differently.
In the analysis I have done, both in $DOGE , and in $XLM , $PEPE and HBAR, cryptocurrencies should make a small correction, following the market's rise, since what happened after the US elections is that many people desperately bought cryptocurrencies, and if you look at the indicators since November 5 of this year, the RSI shows that positions are overbought. A correction is necessary for the market to take the profits from the initial rise.
What they are saying about #BTC☀️ and other #altcoins❗️ stagnating and falling seems to me a true and total fallacy. Tomorrow I will write an article explaining why it is a fallacy based on the fear instilled by people who know nothing about investments.
I have seen users who have truly made good analyses and have resulted in successes in the market, but those who want to instill fear that cryptocurrencies will not continue to rise or that you should withdraw your bitcoins or your cryptos right now, do not believe them; all they want is to buy your positions cheaper to access the market themselves. This includes (unfortunately) influencers, YouTubers, and other "financial analysts."
In any case, this is not investment advice, and any investment decision is entirely your responsibility.
This is for the case of $DOGE in which, place the daily time frames.
The last minimum was 0.125 cents a few days ago.
What does this suggest? That today it is at 0.14 cents and that the price is operating near the 99-period simple moving average.
If the price breaks the current support of 13 cents, when it reaches the SMA99, it may happen that after this descending triangle, it reaches its profit target and shoots up again.
We all know that 99 percent of cryptocurrencies still have a third bullish impulse left. What happened with the war was bad luck for everyone, but the market is already exhausting its selling positions and many whales are trying to buy at these lows to prevent the price from continuing to fall.
This is statistical analysis, not investment advice. Before watching others copy or paste, make your own analysis and conclusions.
My conclusion is, it reaches the average, goes down a little more and the market shoots up again. A market falling forever like a market rising forever is not healthy for investors.
After that rise, it will fall a little and we will all go to a sideways market.
As I mentioned in August, DOGE was going to rise again in October or November.
Now this upward trend will last for a few weeks.
While it's true that the market is larger than a few months ago, the market continues to show a notable interest in altcoins. Especially the most popular ones of all time.
If you liked the opinion, follow me. Here is the link to the post I published two and a half months ago announcing the rise of DOGE.
What if Kamala Harris wins the US election? Would it be a setback for Bitcoin, or not?
Kamala Harris' victory in the US presidential election might not necessarily be a setback for Bitcoin and cryptocurrencies. In fact, some analysts believe that her presidency could be even more positive for Bitcoin than a second term for Donald Trump ¹.
Although the Democratic Party platform does not explicitly mention cryptocurrencies, Harris has expressed her support for digital assets and artificial intelligence at a meeting in New York ¹. Furthermore, her campaign advisor has noted that Harris will support measures that contribute to the growth of the sector ².
On the other hand, Trump has been a public advocate for cryptocurrencies and has promised to make the United States the "crypto capital of the planet" ¹. However, his stance has been questioned by some experts, and his relationship with the sector is seen as a political strategy to attract votes and donations ².
In short, Kamala Harris' victory would not necessarily be a setback for Bitcoin and cryptocurrencies, and her support for digital assets could be beneficial for the sector. However, the regulation and future of cryptocurrencies will depend on the specific policies implemented by the next administration.
$SYS It's funny to me how some users don't understand the graphics, why they think the price will rise forever, and they say that crypto is either a scam, or there is market manipulation 😂😂😂.
Learn to read the charts, and then invest. Otherwise, don't invest.
There are many users who vaguely say that the market crashed because of Iran's war against Israel, others who say it is because the whales abandoned positions and sold everything.
Others say it is because of Halving and other similar things.
BUT what no one realized is that several of the cryptocurrencies (99 percent) from 2018 to today rose because they suffered a bullish reversal after the bearish correction of the last market rally in 2021.
Look at the graphs for yourself. Compare the periods between which cryptos rose and fell in momentum, look at the overall market capitalization.
It is true that many of the events that occur distort market prices, but no one has realized that.
If you are a long-term investor, hold on. If you buy now, hold on for a few weeks or months and it will rebound very strongly again.
If you are a short-term investor, open short but very short positions. Don't expect to earn 1 million with little if the market is correcting after the rise.
The cryptocurrencies most likely to rise strongly while others fall are those that appeared after 2023. Fear while others are greedy, and covet while others fear.
Bitcoin will probably rise a little after Halving and fall sharply because demand today is very high compared to 2020 and 2017.
Warning: be careful with some users who create ads about assets that are going to go up or down.
Yesterday, I came across announcements from several users of the platform saying that some assets were going to go up or down, without doing a prior analysis.
This is because, without knowing how to read or interpret trends or graphs in time frames, and by simply publishing an image without taking into account the history of the cryptocurrency or token, they often make advance guesses, confusing users.
Also what I have seen is that several users copy and paste information from other Cryptocurrency analysis sites. Keep this in mind: ALWAYS DO YOUR RESEARCH on the data first.
Why does one out there see that a user with many followers announces that an asset is going to rise, and users usually get into the last impulse of the bullish trend and then lose their funds due to ignorance and by trusting someone who does not have technical knowledge. AVOID FUTURE DISCOMFORT.
This is advice, since those of us who trade professionally avoid creating random news for the sake of creating it. It's Honesty. There are many honest trading users, but you must know how to differentiate them from the honest ones and those who are not.
In recent weeks, Fantom hit a low of $0.16, and then has been making small increases.
In the following image you can see that, in both cases we have small upward trends, within an accumulation zone. The first, which comes from the downward trend since 2022, which rose its price to 3.16-3.40, when the upward trend began at the beginning of 2022.
The asset, little by little, had less demand due to the appearance of other cryptocurrencies and tokens that generated great profits and boosts in the market for investors.
In any case, if you look at the second impulse, you can see that the asset leaves the first accumulation phase, and a new accumulation occurs again. In the reversal horizons of 15 minutes to 1-4 hours, the price has bounced from the support zone, several times and the lows of the candles are one higher than the other.
Will Fantom leave the second accumulation zone? I think so. In the short and medium term, its demand will increase slightly.
Do not take this as investment advice (even though what I said a week ago about bitcoin is coming true), it is simply an appreciation based on a trend analysis.
The analysis I made in the previous article about the possible fall in the price of Bitcoin may be fulfilled due to the absence of investors. As can be seen in the following graph, the analysis I did again is that the price has reached a maximum and then dropped to a minimum, but the next rise does not reach the previous maximum reached.
Therefore, the conclusion of the analysis I have done is that the bullish trend has been exhausted and demand will begin to decrease and supply will increase in the short term (5-9 days), and then in the coming weeks it would fall again until reaching 37 -40 thousand.
This obviously should not be taken as investment advice, whether for buying or selling, but, remember that, even though Bitcoin drops its price, they can generate profits in corrections of the downward trend, by retracing the price when the slope is pronounced in the first impulse to rise again.
Remember, investing is a risk that generates profits or losses. UNDER YOUR ENTIRE RESPONSIBILITY.
There is something that really catches my attention. It can be a worry or an estimate. It all depends on analysis and research.
We have always known that Bitcoin has always been the leading currency in the market and that it is the most likely to be acquired by investors, since, having a lot of volatility, despite being a high-risk asset, it is also an asset that generates Big profits if the right analytics are used.
But also, as a coveted asset among investors, it can be a great downside risk if the historical lows of the value are not taken into account.
In the next image that I will show I found an interesting data, no less important, that I do not know if other market analysts have paid attention, but, to sample the trend I took the data in months, not in days.
It can be seen in the following image that after the fall of 60,000 (2021), there is a collapse in the price. The most common thing is that the price acts as resistance or rebound at $15,000 (2022). But the Japanese candle is not in green, but in red. Something similar happened with Terra, before it fell from 100 USD to less than a cent.
Although now Bitcoin is still in an upward trend, but not as the newspapers or Internet articles say that the price of Bitcoin "does not seem to have a ceiling", there may be a fairly important panic zone in the coming months, causing bitcoin to collapse and drop below 15,000.
You can pass? Obviously, in the market anything can be possible. In fact, it happened before the March 2020 event when bitcoin went from 8 thousand to 3 thousand. The same candle was anticipated 9 months before the fall.
In any case, this should not be interpreted as an abrupt drop in the price of Bitcoin for the coming months, but, in the long term, I think that, according to the data, not the story, the demand for Bitcoin would cease to be striking for investors and would look for other less consolidated assets.
Although it has been observed that the price of Jupiter has been falling in recent weeks, it can be seen that the price will drop in the next 5 days, it will be around $0.46 and then rise to $0.52-0.53.
This is because the minimums are currently on the rise, slightly.
I still cannot see, from my point of analysis, that Jupiter is in an upward trend, but rather that it would enter a breakout phase, in case the price falls slightly; Rather, it would stop lowering the price to enter the accumulation zone.
Depending on the supply and demand of the asset, if we observe that in the coming weeks the minimums tend to rise as well as the maximums, we could speak of the end of that breakout phase and a bullish phase would begin in the short or medium term.
I will provide an analysis of this asset in the next article I write about Jupiter.
Currently, according to the analysis I have done, in the horizon of the last week, MATIC is in an upward trend. It will do so within 5-7 more days, settling around $1 to $1.06.
If the following week the price does not continue to rise, it may suffer a correction to $0.98 as a consequence of the fact that the price does not have a break, that is, in that trend, tertiary trends of price contraction do not appear.
Otherwise, if investors decide to make sales that are not very pronounced, in the area of $1 - $1.03, the price could probably reach more than $1.10, and then suffer a correction of %10, taking as a minimum between 0.95 - 0.98.
What do you think about MATIC's bullish trend? Will the price stay in the current area? Will demand fall or rise?
I think that this moment is good to buy MATIC and analyze the trend based on the lows, to earn a few dollars if you are a small investor, and several if you are a medium-sized investor.
ALL INVESTMENT IS INDIVIDUAL RESPONSIBILITY. This article that I describe is based on the analysis and study of the trends carried out in the crypto market.
The price of Bitcoin has been sideways for 3 days.
I confirm that the price of Bitcoin will drop as it is very expensive for investors to buy it. And for large or medium investors, see what, if the price of Bitcoin does not increase between today or tomorrow above $53,000, a new price correction will occur, placing it between $50,000 and $47,000 in the first 7 days, and in the next weeks if the demand did not exceed $47 thousand, the price of Bitcoin would decrease approximately between $43,000 -$39,000.
Of course, it is up to each individual, and the risks are the responsibility of the investor.
Unlike others who have published at one time that the price increases and at another time the price decreases or that it is going to increase and shoot to $60,000, I suggest that looking at the forecast of the last 3 previous days and the situation of the FED, with respect to the dollar inflation rate, the price of bitcoin will probably suffer a drop in demand, because this means that although there will be greater liquidity in the market, the dollar will depreciate.
What do you think about this? Will the price of Bitcoin continue to rise or fall below $50,000?
Beaudroit noted the potential for a significant rise in cryptocurrency prices, especially if a #Bitcoin ETF is approved. He highlighted the possibility of central banks having exposure to cryptocurrencies from 2025, which would transform the crypto industry into a sovereign institutional instrument.
Regarding #BTC!💰, he considered the goal of reaching $100,000 after the halving conservative and suggested that its potential as a global store of value could make its price practically unlimited.
As for #Ethererum, it envisioned a path similar to that of Bitcoin but with challenges in portfolio management. He mentioned competition among rollups as a key point to watch in 2024.
He anticipated an increase in v in cryptocurrencies in Latin America in 2024, highlighting two trends: interest in stablecoins as a hedge against inflation and capital control, and the attractiveness of #BTC🔥🔥 and #ETH due to their cyclical fluctuations.
In summary, Beaudroit projected a positive 2024, driven by ETF acceptance in the US and the Bitcoin halving, despite describing 2023 as a bear market, emphasizing continued work on solutions and launches in the crypto industry.