ابن المعاون's Profile

--

See original

Ethereum surpassed the previous cycle peak, this is a sign that the altcoin season has begun $ETH
$SOL $BNB

--

See original

BTC analysis on 1 day time frame

By analyzing the image, we notice the following:

1. Market Trend: The price appears to be trending upward after a series of bullish and bearish bounces. The moving averages (EMA) indicate that the current trend is bullish, especially after the price broke the 7, 25, and 99 period averages, which is a positive indicator of a strong bullish trend.

2. Support points:

The first point of support can be identified at the level of 65,823.75, which is the lower level close to the current price where the price has previously consolidated.

--

See original

Collapses hit digital currency markets

Bitcoin price dropped at the end of the US session, and Bitcoin is now trading at $69,838.3, down -2.79% in the last 24 hours. The market cap is now $1.39 trillion according to Investing data, and Bitcoin remains the most dominant with a market share of 58.9%, followed by Ethereum with a market share of 13.2%. It is worth noting that based on today’s closing price, Bitcoin is down +2.70% in the last seven days, and the most popular altcoin, Ethereum, is down -0.45% in the last seven days.

--

See original

Bch analysis with elliott waves

Elliott Wave Analysis is based on dividing the price movement into upward and downward waves, which helps in predicting future trends. Based on the previous image, we will try to make an assumption about Elliott Waves, but it must be noted that applying Elliott Waves requires a clear view of the price movement over a long period to analyze it more accurately.

--

See original

Bch analysis

Based on the attached image showing the BCH/USDT analysis, here are some key points in the technical analysis:
1. Current market trend:
The general trend seems to be in a corrective phase with some attempts to rise, as the price appears at the 382.8 USDT level, and it seems to be fluctuating near the resistance levels.
RSI indicators indicate relative momentum, reaching levels of around 70, indicating a possible overbought situation that may lead to a correction or a calming down in the upward trend.

BCH

--

See original

Altcoin Market Shows Signs of Potential Upside

According to Cointelegraph, the altcoin market has been trending lower since the 2024 bull run hit a snag in March. However, several key indicators suggest that the recent recovery could signal a major move forward, crypto analysts have noted.
Technically, the altcoin market setup looks strong, holding above the uptrend line that has supported TOTAL2 — the cumulative market cap of all cryptocurrencies except Bitcoin (BTC) — since the 2017 bull run. Independent crypto analyst Mags highlighted in an Oct. 26 post on X that the altcoin market cap is currently testing the long-term trend line support that has held strong for the past eight years. A retest of the multi-year support line is a bullish indicator, suggesting that the downtrend is easing, and that increased buying at the current level could push altcoin prices higher. Mags added that with Bitcoin also breaking out, the market appears poised for a major move higher.

--

See original

The main reason behind the market drop that happened a few minutes ago is the Israeli response to Iran

--

See original

Solana tweets

Solana Achieves Record Network-Wide Revenue
Artificial Intelligence Summary
According to Cointelegraph, the layer-one blockchain Solana has once again achieved record network revenue, following its all-time high on October 22. Data from Blockworks Research indicates that on October 23, Solana generated nearly $8.7 million in economic value from network activity, up from less than $8 million the day before. This figure includes all revenue sources, including base fees, priority fees, and tips, among others.

--

See original

IMF Managing Director reveals Fund's readiness to amend its program with Egypt. /No more floating of the Egyptian pound

Investing.com - International Monetary Fund Managing Director Kristalina Georgieva said on Thursday she was ready to adjust any program depending on circumstances, pointing to the agreement signed with Egypt.
In a briefing at the annual meetings of the International Monetary Fund and the World Bank, Georgieva announced that she would visit Egypt within the next 10 days to see the situation there. She said: “We are ready to make any necessary adjustments to the programs to suit the situation, but we cannot do our job properly if we abandon what needs to be done because that will make the cost higher.”

--

See original

Binance offers a course to teach the basics of trading and after completing the course you will be given a certificate
$SOL

--

See original

World central bank chiefs and finance ministers will gather in Washington from Monday for the annual meetings of the International Monetary Fund and World Bank to discuss how countries can cope with low growth and high debt. The IMF warned last week that global public debt is set to surpass $100 trillion by the end of this year, driven by the United States and China. The IMF said high debt levels could trigger negative market reactions and limit budget efforts to respond to economic shocks. Meanwhile, Russian President Vladimir Putin is set to host a summit of BRICS leaders from Tuesday, as the Kremlin seeks support in its standoff with the West. Russia says the leaders of Brazil, India, China, South Africa, Egypt, the United Arab Emirates and Saudi Arabia, which together account for a third of global economic output, will attend. $BTC $ETH $SOL

--

See original

Solana Price Analysis: It Can Reach $180 in This Upward Momentum
Solana continues to show positive signs on the 4-hour chart, after its price bounced off the 50% Fibonacci retracement level around $147.51, which was considered the pivot point for the price. This bounce has paved the way for an upside move, as SOL has managed to clear the 23.6% Fibonacci retracement level at $153.88, which is acting as a major support area now. If the price fails to hold above this support level, we may see further re-correction, which could lead the price towards the 38.2% Fibonacci retracement level at $150.36 or below towards the 50% Fibonacci retracement level at $147.51. On the other hand, a break above $158.33 would pave the way for Solana to test the next major resistance level at $165. The 50-day range is $151.33 and is providing strong support, while the RSI reading of 55 indicates that buying interest is holding. Overall, if Solana holds the current support levels and breaks above $158.33, we may see the price rally towards $165 or above. $SOL

--

See original

Bitcoin receives bullish signals

Bitcoin came close to breaking through the $70,000 level on Monday as money flowed into exchange-traded funds (ETFs) for the largest digital asset, as well as optimism about regulatory action in the United States, supported sentiment.

The cryptocurrency rose 1% before paring gains to trade at $69,000 by 9 a.m. Riyadh time. Smaller coins such as Ethereum (Ether), ranked second by market cap, and Solana (Solana), which ranks in the top 10, also saw tight range-trading.

--

See original

BTC Analysis

Through the attached image, the market can be analyzed using the indicators available on the chart:
1. Moving Averages (EMA):
EMA(7) and EMA(25) are showing a positive crossover, indicating bullish momentum. The current price is trading above the major moving averages, reinforcing the uptrend.
EMA(99) is a strong support level at 62,366, as it was a previous resistance level and turned into support.

--

See original

Currencies that traders are interested in at the moment

Some of the currencies that are gaining attention in the market currently
1. Avalanche (AVAX): It is considered one of the strong currencies in the field of fast blockchain, and it has special upward potential with projects built on it.

2. Polygon (MATIC): A powerful network focused on improving the speed and efficiency of Ethereum, and achieving great partnerships with technology companies.

3. Near Protocol (NEAR): A platform that features advanced technology and ease of developing decentralized applications on it.

--

Bullish

See original

Bitcoin Dominance Hits Three-Year High
According to Odaily, Bitcoin dominance has surpassed 65% for the first time since early 2021, hitting a three-year high. This achievement comes after Bitcoin's price surged to $69,000.$BTC

--

See original

Artistic models

The image I have attached contains a set of technical patterns used in classical analysis. These patterns are one of the basic tools that traders use to determine market trends and the possibility of large price movements. I will explain each pattern and the basic conditions for each:

1. Descending Triangle: