Analyze CHZ

CHZ rebounded sharply by more than 10% and the subsequent price increase suggested that a breakout was imminent. CHZ has been in a bullish mood for the past few weeks, with bulls targeting the $0.0800 mark, having seen a sustained rise. CHZ has been under bullish influence since early September and continues to form higher volatility.

A daily close above $0.0800 would confirm a breakout, with CHZ likely to reach $0.100 in the next few sessions.

The daily chart shows that CHZ has gained significant bullish momentum. It is currently trading at $0.07558. The MACD pattern is a golden cross on the axis, with an intraday increase of more than 10.20%. It has a float of 8.89 billion and a volume-to-market cap ratio of 0.294.

Analyze Bitcoin

BTC rose strongly this morning, breaking through the 64,000 mark. Last night, BTC majors placed large buy orders in the support area. After the buy orders were placed, BTC was able to hold the 62,000 position, and then rebounded to the 6.2-6.3 strong pressure zone, and then broke through to around 64,000.

At present, BTC still needs a small correction. The four-hour level fell in large volume, and the correction position is around 6.3. Continue to pay attention to the BTC trend, be cautious in shorting, and wait for opportunities to enter the market.

#BTC

Good afternoon, friends: $BTC , what is this wave of pull for?
A big positive line rose directly from the ground, how many air force leaders, at this time, cried with their heads in their arms! You, at this moment, we bulls have waited too long, and finally saw hope and dawn! ! ! !

From a technical point of view: #BTC走势分析
Below is a huge amount of continuous volume to break through 63300. The pressure of this downward trend line can be seen. At this moment, the determination of the dealer is to pull up and rise. At this time, it is very clear that it is a bullish market. I have drawn a picture, and it must be at 64500.
MACD strong zero axis golden cross, this is a very strong upward trend pattern, such a market will only have a burst, and stepping back is an opportunity to enter more. Since the dealer chooses to go up, it will not come down easily. Friends, sit tight and hold on! Wait for a bigger market to come.
Today is Monday, the U.S. stock market opens in the evening, which is also an important news to pay attention to. At this time, don't chase highs, wait for it to fall back. Be bold to be bullish, there are too many positives coming. The U.S. presidential election next month will be good for the cryptocurrency circle, and friends should seize the opportunity.
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Online Classroom-----MACD Usage Tips

If you are still using the routine of "buy when golden cross, sell when dead cross" to operate MACD, you are a bit out of date. This will show you the advanced gameplay of MACD indicator, so that you can easily master the secret of profit!

MACD is not only a simple buy and sell signal, but also a barometer of market sentiment and trend. Remember these five tips:

1. The long and short forces are divided at the zero axis. Be cautious in the underwater area. It is better not to move.

2. Don't rush to enter the market after a golden cross underwater. Observation is the main thing. The second golden cross is a safe signal.

3. Retreat without hesitation after a dead cross underwater. The second dead cross is a dangerous signal. Escape is the best policy.

4. In the above-water area, the first golden cross is a good opportunity to hold the currency, and the second golden cross is a signal to increase the position. Keep dancing.

5. The first dead cross on the water, also observe first, but the second dead cross must be sold decisively, even if it is sold wrong, you must run, because the risk is approaching.

Mastering these MACD tips will help your trading become more accurate and efficient.

Analyze SUI

Since September, SUI has grown by 175%, indicating strong investor interest. Despite some negative news about SUI price falling below $2, the overall sentiment remains positive and a rebound is expected.

The current price is $.262, with pressure at $2.35 and support at $2.1076.

Given the positive market sentiment and trend, it is recommended to go long, but be cautious of potential short-term fluctuations.

For short-term trading, a break above $2.35 could signal further gains.
Set the stop loss slightly below the support level of $2.1076 to manage risk. Users who like short-term trading can refer to it.

Once again, the current market is volatile, so make a good stop profit and stop loss. The analysis is for reference only and does not make any investment advice.
#SUI#币圈

Analyzing ONDO

ONDO confirmed a falling wedge breakout, surging 4.31% to $0.7122.
Market sentiment appears cautious as on-chain data shows mixed signals, a pattern that can be interpreted as a potential sign of a shift from a downtrend to an uptrend – suggesting that ONDO could see a sustained rally.

The key question is whether this breakout will continue to push ONDO’s price higher. Can it set the stage for further gains in the coming days?

ONDO’s wedge breakout has sparked hopes for a bullish rally. However, conflicting technical and on-chain signals suggest caution should be maintained. While there is potential for continued gains, the current market is evenly divided. Moreover, investors should keep a close eye on key indicators before making any major decisions.

Analyze Ethereum

Ethereum has experienced significant fluctuations in value, recently trading between $2,220 and $2,685. A break below this critical range could intensify selling pressure, which could lead to further price declines.

The $2,300 threshold has emerged as a key support level for Ethereum, and if Ethereum falls below this number, it could cause investors to move quickly to mitigate losses, resulting in a plunge in value.

The $2,300 support level is crucial for Ethereum’s price stability. A move below this level could intensify selling pressure. Analysis predicts that Ethereum will have a strong bull market by 2025.

In addition, market volatility and external factors, such as the U.S. election, will affect Ethereum's performance. Given the complex dynamics, we must respond to market volatility and remain strategically cautious. As the end of the year approaches, staying informed about market conditions and trends is critical to making informed investment decisions.

#ETH

Practical Classroom------MACD and Top and Bottom Divergence

MACD is one of the most basic indicators in technical analysis of trading. It is widely used by everyone and is also one of the most used indicators by dealers. Using the MACD indicator, you can find investment opportunities in the trend and improve the accuracy of operation, so it is recommended that you focus on learning it.

However, it should be noted that since MACD is a moving average, the signal given is delayed, and the golden cross may appear only after the rise, so we cannot only use this indicator to operate, but we must combine various factors to look at it together.

Application 1----Bottom Divergence (Figure 1)
When the currency price continues to hit a new low, one peak is lower than the other, but the peak of the NACD indicator is larger than the previous one, then the bottom divergence of the price and the indicator is formed. At the same time as the bottom divergence, the trading volume continues to shrink, which is the time to buy. After the bottom divergence is completed, the trading volume gradually increases, and the bullish signal is stronger.

Application 2----Top Divergence (Figure 2)
When the price of a currency hits new highs continuously, with each peak higher than the previous one, but the peak value of the MACD indicator is smaller than the previous one, and the red column becomes shorter, a top divergence between the price and the indicator is formed, which is an opportunity to sell.

Analyze Bitcoin

Bitcoin has regained key support levels during its recent recovery, and from a technical analysis perspective, a fractal pattern similar to the one seen during last year’s bull market breakout has formed on Bitcoin’s price chart.

If Bitcoin can sustainably break above the $66,000 pressure level, it may attract traders eager to enter the market, which will help Bitcoin prices further rise to new all-time highs.

This trend does not only affect Bitcoin itself, but may also spread to the entire altcoin market, leading to a significant increase in the cryptocurrency market in the coming months.

As Bitcoin prices recovered from lows below $59,000 to highs above $63,000, concerns about the cryptocurrency heading lower have significantly lessened. With the arrival of October, market optimism about Bitcoin is steadily increasing, and its price is expected to maintain an upward trend in the short term.

At the same time, there are only three weeks left before the 2024 US election. According to historical data, such events tend to stimulate bullish sentiment in the market.

In addition, the recent strong performance of gold and major stock indexes is also leading the overall bullish trend in the market.

#BTC

Practical Classroom-----Four Elements for Identifying Bull Turning Back

1. Bull Varieties: Must be big bull coins, leading coins, dark horse coins, etc.

2. Sufficient Adjustment: After the first wave of the market ends, it is necessary to undergo sufficient adjustment, which should be divided into long enough time and large enough amplitude.

3. Stabilize (as shown in the figure)

4. Shrinkage: Whether the adjustment is in place, in addition to space, there is also volume. If the dealer washes the plate and absorbs the retail investors, the volume will shrink.

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Enter at $XRP 0.53, highest at 0.5413, up 2%
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The harvest of the Double Ninth Festival, steady profits------

Recommended two currencies, DOGE and NEIRO, both of which are related to Musk.

When will the bull market in the cryptocurrency market come, and why hasn't it risen yet?

First of all, let's talk about the fact that the bull market has slowly started, and the world is flooding the market with money. So why isn't it booming now like the last bull market? This is because the pace of flooding at that time was different from now.

In 2020, in order to resist the impact of the epidemic, the Federal Reserve cut interest rates by 150 basis points in just one month, and other countries in the world were similar, with very fast flooding. This led to the explosive growth of Bitcoin prices, which rose to 65,000, near the peak of the cycle, in half a year, an increase of 20 times. And because there was no continuous flooding, Bitcoin was 69,000 by the end of the year, which was actually the same as 65,000 in April.

This round of the cycle is a slow flooding, and the interest rate will be gradually reduced by 200 basis points in the next six months, instead of falling to the bottom in one month like the 2020 epidemic. So this round of bull market is more like 2017, it will continue to rise, and it rose for a full year.

Therefore, the reason why the cryptocurrency market did not rise from March to September this year is that the Federal Reserve has not cut interest rates, resulting in no additional incremental funds in the market, which has caused the cryptocurrency market to go sideways for half a year.

But now the United States, China, Europe and other major economies except Japan are slowly moving towards quantitative easing, which will only make more and more money in the market. In addition, the approval of Bitcoin ETF has opened the door for institutions, so the bull market is already brewing imperceptibly.

What you have to do now is to hold your coins and make friends with time. You will naturally get 3 to 10 times the harvest next year.

#BTC

Talking about DOGE and NEIRO

Recently, a lot of smart money has been buying DOGE and NEIRO. Because Musk, the soul of Dogecoin, fully supports Trump. Not only did he change his avatar signature, he also posted online every day to vote, and participated in Trump's speech offline.

So as long as Trump wins on November 5, DOGE and its successor NEIRO will soar, and it is not difficult to increase three times in a week. NEIRO has also risen well recently, breaking through the previous historical high against the trend and starting to rush up. Compared with DOGE's market value of tens of billions, NEEIRO's market value is only 700 million, so its potential is greater.

However, it has risen too much recently. You must wait for a deeper correction, such as a little above 0.0015, otherwise you may chase the top of the mountain if you chase high. However, the premise for the outbreak of DOGE or NEIRO is that Trump wins the election, so those who bet on these two coins may not participate in the election, but your wealth is definitely participating in the election.
#DOGE#NEIRO

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Bullish seasonal trend in October

October is usually a bullish month for the cryptocurrency market, especially Bitcoin, and this trend is called "Uptober".

According to historical data, Bitcoin has shown positive returns in more than 70% of Octobers. Analysts believe that this trend may stem from the seasonal behavior pattern of the market. Although past performance does not guarantee future returns, the existence of this routine may affect investor psychology and may prompt Bitcoin to perform better in October.

Of course, we cannot rely too much on historical data. Changes in market sentiment and external factors may make this October different from previous ones. Because the price trend of crypto assets such as Bitcoin is affected by many factors such as the global economy, geopolitics, and regulatory changes.

#BTC

Three Factors That Could Push Bitcoin Above $80,000

The first factor is the US election. The US election is huge for crypto. Most people see it as a binary outcome: Trump = good, Harris = bad. There is no doubt that a Republican victory would be a good sign for crypto given its strong and growing support for the crypto space.

The second factor is the economy. The number one reason people are drawn to Bitcoin is simple: you can’t trust the government to manage money. This idea gave birth to Bitcoin in 2008 and remains a strong driver for crypto today… The Fed is currently expected to cut rates by another 50 basis points by the end of the year, and China is also expected to roll out additional fiscal stimulus. If both happen, Bitcoin will rebound in the fourth quarter.

The third factor is that there will be no major negative surprises for crypto. The last thing you need to achieve a rally to $80,000 is a period without major surprises. No major hacks. No massive new lawsuits. No previously locked-up tokens suddenly entering the market. Unfortunately, the history of crypto is plagued by countless such surprises.
#BTC#Cryptocurrency

I took advantage of WIF today, long in the morning and short in the evening, a double kill of long and short.

#WIF

Market trend analysis:

Bitcoin is currently in a right-side oscillating trend. Yesterday's closing performance was not good. Although it fell back after the surge, the trading volume showed that the market is still full of supply.

Next, observe the trend of the next two days to see if there will be a follow-up supply. In the large-scale high-level oscillation structure, we have experienced nearly 7 months of adjustment, and the turnover of chips is quite sufficient.

If the demand in the future market begins to intervene, the possibility of currency price increase will be greatly increased. Spot continues to hold positions, and the upper key pressure level is still in the 64,000-65,000 range. Only by breaking through this position can Bitcoin usher in a strong rebound.

ETH is still in a weak linkage, and the exchange rate has not yet reached the bottom, and further bottoming is needed. The capital side of the altcoin market is still healthy, but in the short term, it is necessary to pay close attention to the trend of Bitcoin to determine whether the altcoin market can further strengthen.

At present, there is a wait-and-see mood in funds. The previous strong rise was only the first large-scale and comprehensive rise. In the future, it is still necessary to verify whether demand can continue. The bottom of most currencies is relatively clear, and a new rise can only be started after the right side is confirmed.

Seize the opportunity and pay attention to the key trends of Bitcoin. There will definitely be exciting times in the future.

Is the capital in the cryptocurrency market facing a bloodsucking crisis?

1. From the perspective of overall market value, the market value of A-shares is nearly 30 times that of the cryptocurrency market! Even if all the funds in the cryptocurrency market are invested in A-shares, it is difficult for A-shares to achieve a 10% daily limit. Although the funds in the cryptocurrency market are not insignificant, they seem powerless to leverage A-shares. This doubt actually stems from the indignation and disappointment of the poor performance of the cryptocurrency market.

2. At present, the market maker controls the price of Bitcoin between 53,000 and 73,000, and it has been fluctuating at a high level for more than half a year. If this high support is broken, the market will face a situation of sailing against the current, and the decline will form quickly. It is not difficult to fall below 50,000 or 40,000. Therefore, the market maker does not intend to create a continuous plunge to give retail investors a chance to buy at the bottom.

3. Since mid-March, the cryptocurrency market has walked out of a parallel downward channel, which is a classic bullish pattern. As time goes by, the possibility of each rebound breaking through the box is gradually increasing. The key now is which one can really break through this box and usher in the opportunity for a strong rise!

Summary: The future of the cryptocurrency circle is still full of hope. Short-term fluctuations are inevitable, but the long-term potential is huge!