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Bitcoinâs Dance with Resistance: Will 58k Finally Break?
Bitcoin continues to navigate a descending channel, with the 58k level acting as the ultimate gatekeeper. A daily close above it would hint at brighter skies, but for true bullish momentum to kick in, 60k must be conquered decisively.
For now, 58k stands firm. If Bitcoin lingers here, the chance of a dip toward the 52k lower trendline grows, as the chart paints a cautious picture.
Key Highlights:
58k, the stubborn ceiling: Despite some promising movement, Bitcoin hasnât broken through the resistance.
Bearish winds could return: The longer BTC stays below 58k, the greater the odds of revisiting the 52k mark.
FED meeting on the horizon: As anticipation builds, Bitcoin may dance between 57k and 58k until the outcome is clearer.
Bullish whispers are in the air, but 58k remains the level to beat. Without a strong push past 60k, the risk of retreating to 52k still lingers.
Disclaimer: Third-party opinions included. Not financial advice. Sponsored content may be present. See T&Cs.
BTC Price: 58,141.26 (+0.06%)
Engagement: 11.5k Views, 11 Likes, 0 Quotes, 0 Tips, 2 Shares, 1 Reply
Bitcoin continues to navigate a descending channel, with the 58k level acting as the ultimate gatekeeper. A daily close above it would hint at brighter skies, but for true bullish momentum to kick in, 60k must be conquered decisively.
For now, 58k stands firm. If Bitcoin lingers here, the chance of a dip toward the 52k lower trendline grows, as the chart paints a cautious picture.
Key Highlights:
58k, the stubborn ceiling: Despite some promising movement, Bitcoin hasnât broken through the resistance.
Bearish winds could return: The longer BTC stays below 58k, the greater the odds of revisiting the 52k mark.
FED meeting on the horizon: As anticipation builds, Bitcoin may dance between 57k and 58k until the outcome is clearer.
Bullish whispers are in the air, but 58k remains the level to beat. Without a strong push past 60k, the risk of retreating to 52k still lingers.
Disclaimer: Third-party opinions included. Not financial advice. Sponsored content may be present. See T&Cs.
BTC Price: 58,141.26 (+0.06%)
Engagement: 11.5k Views, 11 Likes, 0 Quotes, 0 Tips, 2 Shares, 1 Reply
Bitcoin â Why Yesterday's Move Was Rather Bearish!
I know I know: Bitcoin jumped almost 5%. The bulls kicked the bears out of the town. We are so back! 100k is next!
If you have read something like this, please unfollow the person immediately.
But let's start with the positive aspects: Yes, the bulls are still here, and it was good to see that the fake bear flag didn't play out (surprise, surprise).
However, there are three reasons why I am convinced that Bitcoin won't go much higher at this point.
1 â Rejected at Key Level
As lovely as the pump was, the bulls lost steam at the crucial level: 57.5k. This level is the bottom trend line of the consolidation channel. It looks like the beats were waiting to punch the bulls in the face.
Therefore, yesterday's price action looks like a retest of the breakout five days ago. So far, the bulls have failed to push through.
2 â No Higher High, Yet
Currently, it looks as if the price wants to reverse at the 57.5k level. If this is the case, Bitcoin has made another lower high, which further seconds its ongoing downtrend.
3 â CME Gap
Finally, we have a CME gap slightly above 54k. Typically, these gaps get filled sooner or later. They act like magnets unless there's strong bullish momentum (which I don't see right now).
Putting It Together
The bulls are aliveâthat's good. But the chances of going (much) higher at this point are low. A lower high, rejection at the key level and a CME gap that wants to be filled make another dive likely before we finally take off.
I know I know: Bitcoin jumped almost 5%. The bulls kicked the bears out of the town. We are so back! 100k is next!
If you have read something like this, please unfollow the person immediately.
But let's start with the positive aspects: Yes, the bulls are still here, and it was good to see that the fake bear flag didn't play out (surprise, surprise).
However, there are three reasons why I am convinced that Bitcoin won't go much higher at this point.
1 â Rejected at Key Level
As lovely as the pump was, the bulls lost steam at the crucial level: 57.5k. This level is the bottom trend line of the consolidation channel. It looks like the beats were waiting to punch the bulls in the face.
Therefore, yesterday's price action looks like a retest of the breakout five days ago. So far, the bulls have failed to push through.
2 â No Higher High, Yet
Currently, it looks as if the price wants to reverse at the 57.5k level. If this is the case, Bitcoin has made another lower high, which further seconds its ongoing downtrend.
3 â CME Gap
Finally, we have a CME gap slightly above 54k. Typically, these gaps get filled sooner or later. They act like magnets unless there's strong bullish momentum (which I don't see right now).
Putting It Together
The bulls are aliveâthat's good. But the chances of going (much) higher at this point are low. A lower high, rejection at the key level and a CME gap that wants to be filled make another dive likely before we finally take off.
#BullRunAhead đđ
(BTC drop before rise)
Careful with the optimism, friends.âŒïž
At the moment, I see two options before September: Bitcoin's decline to 45-37k and then exponential growth and Bullrun, or gradual slow growth in August and more confident growth after 18 September for the next year.
The global #1 reason for the crypto market rise are the growing chances of a Fed rate cut in September.
Reasons why Bitcoin may still decline before rising, this is the final downturn for global buying by major market makers.
By the end of 2024, I expect Bitcoin to be over 80k if no global Black swans occur (e.g. the worsening situation in the Middle East)
#BullRunAhead $BTC #dump
(BTC drop before rise)
Careful with the optimism, friends.âŒïž
At the moment, I see two options before September: Bitcoin's decline to 45-37k and then exponential growth and Bullrun, or gradual slow growth in August and more confident growth after 18 September for the next year.
The global #1 reason for the crypto market rise are the growing chances of a Fed rate cut in September.
Reasons why Bitcoin may still decline before rising, this is the final downturn for global buying by major market makers.
By the end of 2024, I expect Bitcoin to be over 80k if no global Black swans occur (e.g. the worsening situation in the Middle East)
#BullRunAhead $BTC #dump
Bitcoin is going to $100,000 sooner
thank you think butâŠ
Most of you are going to say:
1. Bitcoin is down 33% and the bull run is over.
2. Entities are selling their Bitcoin. German Gov't, Mt. Gox, FTX Creditor.
3. The Bank of Japan is raising rates. The global market is going to collapse.
But did you know:
1. The German Gov't has no Bitcoin left to sell. Mt. Gox Creditors and FTX Creditors are not selling.
2. The Bank of Japan says no more rate hikes.
3. The FED is expected to cut rates in September. Lower rates, more money.
4. Crypto is being used in the election. Trump and Kennedy are pro-crypto. Even Harris is trying to join the party.
5. Crypto is in the Senate. Sen. Lummis proposed a Strategic Bitcoin Reserve bill that aims to raise 1 million Bitcoin within 5 years.
6. States are passing a bill to protect Bitcoin Rights. Oklahoma and Missouri have passed the bill. Ohio, South Carolina, Mississippi, Tennessee and more have proposed the same bill.
7. Institutions are buying Bitcoin. Microstrategy is raising $2 billion to buy more Bitcoin. Metaplanet is raising 10 billion Yen to buy more Bitcoin. Along with these two is Semler Scientific which continuously buys Bitcoin.
8. Bitcoin and Ethereum ETFs. Bitcoin ETF is successful with over $50 billion onchain holdings within 6 months. Ethereum ETF have $6.6 billion onchain holdings within 12 trading days.
9. Institutions are reporting that they hold Bitcoin through Bitcoin ETF shares. There are over 700+ institutions for Q1 2024.
10. Morgan Stanley has its 15,000 financial advisers recommend Bitcoin ETF to its wealthy clients.
****
The world started to adopt Bitcoin. So if you are still bearish on Bitcoin, then you are looking too close to it. Step back, zoom out, and then you can see the bigger picture.
thank you think butâŠ
Most of you are going to say:
1. Bitcoin is down 33% and the bull run is over.
2. Entities are selling their Bitcoin. German Gov't, Mt. Gox, FTX Creditor.
3. The Bank of Japan is raising rates. The global market is going to collapse.
But did you know:
1. The German Gov't has no Bitcoin left to sell. Mt. Gox Creditors and FTX Creditors are not selling.
2. The Bank of Japan says no more rate hikes.
3. The FED is expected to cut rates in September. Lower rates, more money.
4. Crypto is being used in the election. Trump and Kennedy are pro-crypto. Even Harris is trying to join the party.
5. Crypto is in the Senate. Sen. Lummis proposed a Strategic Bitcoin Reserve bill that aims to raise 1 million Bitcoin within 5 years.
6. States are passing a bill to protect Bitcoin Rights. Oklahoma and Missouri have passed the bill. Ohio, South Carolina, Mississippi, Tennessee and more have proposed the same bill.
7. Institutions are buying Bitcoin. Microstrategy is raising $2 billion to buy more Bitcoin. Metaplanet is raising 10 billion Yen to buy more Bitcoin. Along with these two is Semler Scientific which continuously buys Bitcoin.
8. Bitcoin and Ethereum ETFs. Bitcoin ETF is successful with over $50 billion onchain holdings within 6 months. Ethereum ETF have $6.6 billion onchain holdings within 12 trading days.
9. Institutions are reporting that they hold Bitcoin through Bitcoin ETF shares. There are over 700+ institutions for Q1 2024.
10. Morgan Stanley has its 15,000 financial advisers recommend Bitcoin ETF to its wealthy clients.
****
The world started to adopt Bitcoin. So if you are still bearish on Bitcoin, then you are looking too close to it. Step back, zoom out, and then you can see the bigger picture.
$BTC will pump to $68,000 & $70,000. Here is full detail why?
First of all , Alhamdulillah as predicted 2 days ago when price at $67k#BTCâ â drop to $64K which is our buying range. For proof check below mentioned post.
Note: Read full post from first line to last line carefully . Otherwise it is harmful for you to read partially .
So, let's discuss what is next movement of BTC and why? The answer is that BTC will pump toward:
1. $66,200
2. $68,218
3. $69,900
These are our t.p for upward direction. Recently as shown in below image BTC is forming rising wedge and trading at trend line support . We can see a bounce from here so we have added 50% of our portfolio in BTC and alts coins out of 80% that we sold at 67K. We will accumulate alts coins and BTC in range of $64K with 50% and wait for pump. Also we will keep 30% free to buy in range of $62,200 - $63,900 if market give opportunity .
Note: These are my personal buying and selling zone. Do your own research before investing .
Theme of talk: Buy with 50% around $64,000 and 30% at $62,900 if market allow. After buying wait for 66K, 68K, 69,900.
Complete 100 likes for next analysis . Follow #MU_Traders. for more updates .
#cryptonyusu #Bitcoin_Coneference_2024 #BinanceHODLerBANANA
Follow @Technical Trading for technical analysis . $ETH $BTC $ENA
First of all , Alhamdulillah as predicted 2 days ago when price at $67k#BTCâ â drop to $64K which is our buying range. For proof check below mentioned post.
Note: Read full post from first line to last line carefully . Otherwise it is harmful for you to read partially .
So, let's discuss what is next movement of BTC and why? The answer is that BTC will pump toward:
1. $66,200
2. $68,218
3. $69,900
These are our t.p for upward direction. Recently as shown in below image BTC is forming rising wedge and trading at trend line support . We can see a bounce from here so we have added 50% of our portfolio in BTC and alts coins out of 80% that we sold at 67K. We will accumulate alts coins and BTC in range of $64K with 50% and wait for pump. Also we will keep 30% free to buy in range of $62,200 - $63,900 if market give opportunity .
Note: These are my personal buying and selling zone. Do your own research before investing .
Theme of talk: Buy with 50% around $64,000 and 30% at $62,900 if market allow. After buying wait for 66K, 68K, 69,900.
Complete 100 likes for next analysis . Follow #MU_Traders. for more updates .
#cryptonyusu #Bitcoin_Coneference_2024 #BinanceHODLerBANANA
Follow @Technical Trading for technical analysis . $ETH $BTC $ENA
If weâre going to spread the freedom of money globally, we need to build an ecosystem thatâs accessible and inclusive.
Thatâs the goal.
Thatâs the goal.
seeing so much bad advice being shared, I felt compelled to step in. Hereâs my take:
### Mindset Over Mechanics
Trading is 90% psychology and only 10% skill and analysis. Developing a traderâs mindset is crucial. For those serious about understanding the psychology of trading, I highly recommend *Trading in the Zone* by Mark Douglas.
### Own Your Decisions
Donât blame the market or external factors. Take responsibility for your actions regardless of the outcome. If you lose money, itâs on you, not the market. Remember, the market doesn't tell you to buy or sell; the decision is entirely yours. Blaming whales or market manipulators is a cop-out.
### Master Risk Management
Proper risk management is key. Limit your risk to 1%-3% of your total capital, based on your risk tolerance. While this may not yield massive profits quickly, it ensures sustainability. Making money in trading is a marathon, not a sprint. Instant profits are a myth; chasing them is akin to gambling. And we all know what happens to gamblers in the long run.
### Use Stop-Loss Orders
I still see many traders operating without stop-losses and then complaining when they get liquidated. Using stop-loss orders is non-negotiable.
### Position Sizing
Learn to calculate the right position sizeâhow much crypto to buyâbased on your risk parameters. Proper risk and position sizing are far more important than leverage. As long as your liquidation price is outside your stop-loss, leverage is secondary.
### Final Thoughts
The essentials are clear: focus on proper risk management and position sizing to navigate the market effectively.
### Mindset Over Mechanics
Trading is 90% psychology and only 10% skill and analysis. Developing a traderâs mindset is crucial. For those serious about understanding the psychology of trading, I highly recommend *Trading in the Zone* by Mark Douglas.
### Own Your Decisions
Donât blame the market or external factors. Take responsibility for your actions regardless of the outcome. If you lose money, itâs on you, not the market. Remember, the market doesn't tell you to buy or sell; the decision is entirely yours. Blaming whales or market manipulators is a cop-out.
### Master Risk Management
Proper risk management is key. Limit your risk to 1%-3% of your total capital, based on your risk tolerance. While this may not yield massive profits quickly, it ensures sustainability. Making money in trading is a marathon, not a sprint. Instant profits are a myth; chasing them is akin to gambling. And we all know what happens to gamblers in the long run.
### Use Stop-Loss Orders
I still see many traders operating without stop-losses and then complaining when they get liquidated. Using stop-loss orders is non-negotiable.
### Position Sizing
Learn to calculate the right position sizeâhow much crypto to buyâbased on your risk parameters. Proper risk and position sizing are far more important than leverage. As long as your liquidation price is outside your stop-loss, leverage is secondary.
### Final Thoughts
The essentials are clear: focus on proper risk management and position sizing to navigate the market effectively.
Hereâs the naked truth, folksâI hate to say it, but here it is:
**$BTC**
Current Price: $58,460.02 (-3.96%)
Slowly but surely, Bitcoin is heading towards the $50K-$55K range. Itâs a tough pill to swallow, but thatâs the reality weâre facing. If youâre looking to invest or trade, my advice is to relax and use limit orders to buy your tokens. The marketâs direction is uncertain, and it doesnât seem like weâll see an increase anytime soon.
**$BNB**
Current Price: $532.9 (-5.91%)
Expect a drop to $500, and if weâre unlucky, it could dip even further below $500. Again, using limit orders is wise to avoid potential losses.
**$ETH**
Current Price: $3,186.6 (-5.01%)
Ethereum is likely to fall below $3,000, possibly down to $2,500-$2,800.
**Solana (SOL)**
Currently around $133, and it could drop below that mark if things take a turn for the worse. Limit orders are your friend here as well.
I hope this makes sense. Just remember, this isnât financial advice. Please do your own research and never rely solely on someone elseâs words. Itâs all speculation based on market observations. Avoid buying during dips, donât hold, and minimize your risk.
#MarketTrends #cryptoadvices #TradeSmart" #LimitOrders #CryptoObservations
**$BTC**
Current Price: $58,460.02 (-3.96%)
Slowly but surely, Bitcoin is heading towards the $50K-$55K range. Itâs a tough pill to swallow, but thatâs the reality weâre facing. If youâre looking to invest or trade, my advice is to relax and use limit orders to buy your tokens. The marketâs direction is uncertain, and it doesnât seem like weâll see an increase anytime soon.
**$BNB**
Current Price: $532.9 (-5.91%)
Expect a drop to $500, and if weâre unlucky, it could dip even further below $500. Again, using limit orders is wise to avoid potential losses.
**$ETH**
Current Price: $3,186.6 (-5.01%)
Ethereum is likely to fall below $3,000, possibly down to $2,500-$2,800.
**Solana (SOL)**
Currently around $133, and it could drop below that mark if things take a turn for the worse. Limit orders are your friend here as well.
I hope this makes sense. Just remember, this isnât financial advice. Please do your own research and never rely solely on someone elseâs words. Itâs all speculation based on market observations. Avoid buying during dips, donât hold, and minimize your risk.
#MarketTrends #cryptoadvices #TradeSmart" #LimitOrders #CryptoObservations
Today, I want to remind everyone, especially those new to the cryptocurrency world, of a crucial precaution. It's not about hackers or viruses, but a simple mistake that could wipe out your wallet with no chance of recovery!
When updating your cryptocurrency apps on your mobile phone, proceed slowly and carefully. Many domestic mobile phones view these apps, like wallets and exchange apps, as high-risk software or even viruses. Occasionally, you'll be prompted to update the software, and this is when you must be extra cautious.
Take a look at the following scenario: after downloading the update installation package, your phone might warn you of detected risks and suggest exiting the installation and deleting the package. Do not click to delete! If your wallet isn't backed up, a single mistake could result in a total loss. With apps like Binance, OK, and others now linked to Web3 wallets, deleting without backup can cause significant trouble. Even though it might just delete the update package, there's a risk the original software could be removed too. Instead, select "Install regardless of risk" and proceed.
However, the danger isnât over yet. Post-installation, your phone might again prompt you about a risky app, suggesting immediate uninstallation. Do not click uninstall! This action will definitely remove your app. Therefore, when updating any cryptocurrency app, take your time and proceed carefully. If prompted again, choose "Ignore Risk." Only then can you ensure everything remains intact and your wallet stays safe.
#NewProtocol #BeginnerTrader #Beginners #Write2Earn! #altcoins binance
When updating your cryptocurrency apps on your mobile phone, proceed slowly and carefully. Many domestic mobile phones view these apps, like wallets and exchange apps, as high-risk software or even viruses. Occasionally, you'll be prompted to update the software, and this is when you must be extra cautious.
Take a look at the following scenario: after downloading the update installation package, your phone might warn you of detected risks and suggest exiting the installation and deleting the package. Do not click to delete! If your wallet isn't backed up, a single mistake could result in a total loss. With apps like Binance, OK, and others now linked to Web3 wallets, deleting without backup can cause significant trouble. Even though it might just delete the update package, there's a risk the original software could be removed too. Instead, select "Install regardless of risk" and proceed.
However, the danger isnât over yet. Post-installation, your phone might again prompt you about a risky app, suggesting immediate uninstallation. Do not click uninstall! This action will definitely remove your app. Therefore, when updating any cryptocurrency app, take your time and proceed carefully. If prompted again, choose "Ignore Risk." Only then can you ensure everything remains intact and your wallet stays safe.
#NewProtocol #BeginnerTrader #Beginners #Write2Earn! #altcoins binance
I must admit this bull market is is worst so far, and in my opinion ETF playing its role. Well itâs not highly likely but be prepared, $BTC can test 58k, 56K and 52K levels. You might be thinking I am bearish on BTC, no I am not! We are in bull market until and unless BTC stays above 50K. Can we enter in bearish market from here? Not impossible but odds are very low. So sit tight, keep accumulating your favourite tokens, a tide will come. How big it will be, nobody knows. I will keep adding $SOL $FET and $JTO in my bag. Good luck!
đ„đ„ALERT ALERT ALERT đ„đ„
* :- Hold Your Profits!
At the start of a bull market, taking profits prematurely can be a significant mistake. Here's why:
You've endured months of losses and now, as prices begin to rise, you might feel relieved and tempted to sell. But remember, this is just the beginning of the uptrend.
Selling too early means you could miss out on substantial gains. The market is finally showing its potentialâdon't turn away now. Understand where you are in the market cycle and remain patient.
Allow the market to complete its course. Your future self will thank you.
#IntroToCopytrading #altcoins binance #Write2Earn #BinanceTournament! #megadrop
* :- Hold Your Profits!
At the start of a bull market, taking profits prematurely can be a significant mistake. Here's why:
You've endured months of losses and now, as prices begin to rise, you might feel relieved and tempted to sell. But remember, this is just the beginning of the uptrend.
Selling too early means you could miss out on substantial gains. The market is finally showing its potentialâdon't turn away now. Understand where you are in the market cycle and remain patient.
Allow the market to complete its course. Your future self will thank you.
#IntroToCopytrading #altcoins binance #Write2Earn #BinanceTournament! #megadrop
đŽđŽ Important Notice for Traders đŽđŽ
$SOL $NOT $BTC
Calling all futures traders! This update is critical for your strategy.
đŽ The Dangers of Leverage: A Deep Dive
I've stressed this point repeatedly: "Newcomers to crypto should avoid futures and leverage. Even seasoned traders with years of experience should proceed with caution." Let's delve into the impact of leverage on the crypto market.
đŽ Unpacking Leverage
Leverage allows you to trade with borrowed funds. For example, using $500 with 10X leverage means you can trade as if you had $5000. If the market drops by 10%, your position risks liquidation, prompting a series of sell-offs to cover the exchange's margin. This can trigger a chain reaction of sell orders, exacerbating price declines.
đŽ The Ripple Effect of High Leverage
Imagine a scenario where 100,000 traders are using 10X leverage on ETH across different levels. A modest 10% decline could trigger widespread liquidations, leading to cascading sell-offs and significant price drops. The risk of cascading liquidations increases the likelihood of flash crashes, where prices plummet rapidly within minutes.
đŽ Mitigating the Risk of Flash Crashes
Excessive leverage poses a clear risk of flash crashes, where ETH and other assets may experience sudden drops of 15-20% due to mass liquidations. This phenomenon mirrors challenges seen in traditional finance, particularly with banks and hedge funds.
Exercise prudence, trade wisely, and avoid excessive leverage to navigate these turbulent market conditions effectively. Your strategic decisions today can safeguard your investments tomorrow.
#BinanceTournament #MicroStrategy" #Write2Earn! #alcoins
$SOL $NOT $BTC
Calling all futures traders! This update is critical for your strategy.
đŽ The Dangers of Leverage: A Deep Dive
I've stressed this point repeatedly: "Newcomers to crypto should avoid futures and leverage. Even seasoned traders with years of experience should proceed with caution." Let's delve into the impact of leverage on the crypto market.
đŽ Unpacking Leverage
Leverage allows you to trade with borrowed funds. For example, using $500 with 10X leverage means you can trade as if you had $5000. If the market drops by 10%, your position risks liquidation, prompting a series of sell-offs to cover the exchange's margin. This can trigger a chain reaction of sell orders, exacerbating price declines.
đŽ The Ripple Effect of High Leverage
Imagine a scenario where 100,000 traders are using 10X leverage on ETH across different levels. A modest 10% decline could trigger widespread liquidations, leading to cascading sell-offs and significant price drops. The risk of cascading liquidations increases the likelihood of flash crashes, where prices plummet rapidly within minutes.
đŽ Mitigating the Risk of Flash Crashes
Excessive leverage poses a clear risk of flash crashes, where ETH and other assets may experience sudden drops of 15-20% due to mass liquidations. This phenomenon mirrors challenges seen in traditional finance, particularly with banks and hedge funds.
Exercise prudence, trade wisely, and avoid excessive leverage to navigate these turbulent market conditions effectively. Your strategic decisions today can safeguard your investments tomorrow.
#BinanceTournament #MicroStrategy" #Write2Earn! #alcoins
3 Altcoins To Sell As Market Fluctuates
Altcoins are moving sideways after attempts at a rebound yesterday. Several market areas are trading in this direction with bulls repositioning during mid-week trading. Although slight gains were recorded at press time, sentiment remained low following days in the red zone. Last week, crypto assets recorded sharp losses plummeting the market cap to lows not recorded in a month.
SirWin
Macro factors led to exits from Bitcoin as the price dropped below $61,000. This sparked a major sell-off in altcoins and meme coins adding to the declined market cap. The total crypto value is $2.27 trillion from a previous figure of over $2.6 trillion. With current fluctuations, traders seek to reposition holdings. Here are 3 crypto to sell this week.
Ripple (XRP)
Ripple is down 0.92% while other top altcoins have picked up little gains in the market. XRP trades at $0.4751 with a market cap of $26.1 billion after weeks of negative trading. A major reason why users consider XRP as part of altcoins to sell is due to its slow recovery in the last 24 hours. Weekly numbers also plunged over 4% while monthly exits remain in double digits. Overall trading volumes are also down 16% to $887 million.
Polygon (MATIC)
Mallconomy
Join Mallconomyâs presale - Buy $WOOT now!
JOIN PRESALE
AD
Polygon continued its downward trajectory after weekly lows. The asset trades at $0.555, a 2.85% decline in the last 24 hours. Like Ripple, MATIC shows limited signs of a rebound coupled with a 33% drop in trading volumes. Daily trading volumes fell to $179 million as bulls lose steam. MATIC monthly figures declined 23% wiping out a significant part of previous gains.
Shiba Inu
NFTFN
Join the trade revolution with $NFTFN. Presale now at $0.03. Don't miss out!
JOIN PRESALE
AD
Meme coins were most affected by the crypto market decline due to price volatility. Shiba Inu is down 2.3% in the last 24 hours trading at $0.00001743. Weekly outflows in the asset plummeted bullish activity making it among altcoins to sell for most users. Furthermore, daily volumes stand at $260 million, a 22% drop.
Also Read: Cardano Price Expected To Hit $40 Next Per Crypto Analysts
SirWin
Macro factors led to exits from Bitcoin as the price dropped below $61,000. This sparked a major sell-off in altcoins and meme coins adding to the declined market cap. The total crypto value is $2.27 trillion from a previous figure of over $2.6 trillion. With current fluctuations, traders seek to reposition holdings. Here are 3 crypto to sell this week.
Ripple (XRP)
Ripple is down 0.92% while other top altcoins have picked up little gains in the market. XRP trades at $0.4751 with a market cap of $26.1 billion after weeks of negative trading. A major reason why users consider XRP as part of altcoins to sell is due to its slow recovery in the last 24 hours. Weekly numbers also plunged over 4% while monthly exits remain in double digits. Overall trading volumes are also down 16% to $887 million.
Polygon (MATIC)
Mallconomy
Join Mallconomyâs presale - Buy $WOOT now!
JOIN PRESALE
AD
Polygon continued its downward trajectory after weekly lows. The asset trades at $0.555, a 2.85% decline in the last 24 hours. Like Ripple, MATIC shows limited signs of a rebound coupled with a 33% drop in trading volumes. Daily trading volumes fell to $179 million as bulls lose steam. MATIC monthly figures declined 23% wiping out a significant part of previous gains.
Shiba Inu
NFTFN
Join the trade revolution with $NFTFN. Presale now at $0.03. Don't miss out!
JOIN PRESALE
AD
Meme coins were most affected by the crypto market decline due to price volatility. Shiba Inu is down 2.3% in the last 24 hours trading at $0.00001743. Weekly outflows in the asset plummeted bullish activity making it among altcoins to sell for most users. Furthermore, daily volumes stand at $260 million, a 22% drop.
Also Read: Cardano Price Expected To Hit $40 Next Per Crypto Analysts
From time to time, people ask me: âHow can I start my crypto journey?â
Here are my 3 tips:
1. Understand: Take the time to learn about blockchain, crypto, and other fundamentals.
2. Research: Explore different chains, protocols, and projects. Key here is to DYOR (Do Your Own Research).
3. Try: Start small and use a reputable platform. Explore and constantly reassess your strategy.
â ïž Not financial advice! Just tips I picked up throughout the years.
Here are my 3 tips:
1. Understand: Take the time to learn about blockchain, crypto, and other fundamentals.
2. Research: Explore different chains, protocols, and projects. Key here is to DYOR (Do Your Own Research).
3. Try: Start small and use a reputable platform. Explore and constantly reassess your strategy.
â ïž Not financial advice! Just tips I picked up throughout the years.
Common Mistakes and Why Most People Lose Money in Crypto.
Lack of Knowledge
One of the most common mistakes beginner investors make is investing in cryptocurrencies without first studying the market. Cryptocurrencies are not just a new financial instrument; they are also extremely volatile. Ignorance of the basics and specifics of blockchain, algorithms, security, and factors affecting prices can lead to poor investment decisions.
Following the Crowd
Many investors buy at peak prices when the asset has already reached its maximum price due to hype. This is followed by an inevitable decline, trapping new market participants with assets whose value has significantly decreased.
Underestimating Risks
The cryptocurrency market is extremely risky due to its instability and unpredictability. Investors who ignore the need for risk management, such as using stop-losses or diversifying their portfolios, often face significant losses.
Following Signals
On forums and social networks, there are many "experts" offering dubious investment advice or promoting new, unverified cryptocurrencies. Investments based on unverified information can lead to substantial financial losses.
Phishing and Fraud
The cryptocurrency market attracts many scammers. Phishing attacks, data theft, and unscrupulous ICOs are just some of the threats users may face. It is important to use reliable and proven crypto wallets and exchange platforms, and regularly update your knowledge of security measures.
Conclusion
Investing in cryptocurrencies can be profitable, but it requires caution, education, and a clear plan of action. Education, thorough analysis, and proper risk management are your best protection against losses in this complex and dynamic market. Do not let emotions drive your investment decisions and be attentive to your information sources.
#MicroStrategy #SmartStrategy
Lack of Knowledge
One of the most common mistakes beginner investors make is investing in cryptocurrencies without first studying the market. Cryptocurrencies are not just a new financial instrument; they are also extremely volatile. Ignorance of the basics and specifics of blockchain, algorithms, security, and factors affecting prices can lead to poor investment decisions.
Following the Crowd
Many investors buy at peak prices when the asset has already reached its maximum price due to hype. This is followed by an inevitable decline, trapping new market participants with assets whose value has significantly decreased.
Underestimating Risks
The cryptocurrency market is extremely risky due to its instability and unpredictability. Investors who ignore the need for risk management, such as using stop-losses or diversifying their portfolios, often face significant losses.
Following Signals
On forums and social networks, there are many "experts" offering dubious investment advice or promoting new, unverified cryptocurrencies. Investments based on unverified information can lead to substantial financial losses.
Phishing and Fraud
The cryptocurrency market attracts many scammers. Phishing attacks, data theft, and unscrupulous ICOs are just some of the threats users may face. It is important to use reliable and proven crypto wallets and exchange platforms, and regularly update your knowledge of security measures.
Conclusion
Investing in cryptocurrencies can be profitable, but it requires caution, education, and a clear plan of action. Education, thorough analysis, and proper risk management are your best protection against losses in this complex and dynamic market. Do not let emotions drive your investment decisions and be attentive to your information sources.
#MicroStrategy #SmartStrategy
Hi everyone ! please attention
if you see the price of every crypto currency becomes lower and lower why?
because there is addition (in some coins )of tokens, especially in MTL will add tokens onward 26 June .
Maybe the price of MTL become great or low but people selling MTL because the price of MTL maybe become lower due to addition of more tokens .
if you see the price of every crypto currency becomes lower and lower why?
because there is addition (in some coins )of tokens, especially in MTL will add tokens onward 26 June .
Maybe the price of MTL become great or low but people selling MTL because the price of MTL maybe become lower due to addition of more tokens .
#WhalesBuying
#Whalestrap
Hi everyone this is whales trap they are slowly taking profit as June ,July is going also news of war.
How I suggested to everyone this time you need to keep hold tightly just and when the bearish mood ll be finished try to put more in your holding ,
always buy in spot with patience and for long terms. Market is falling because of oversold and continue selling also the #hackers attacking continually to theft assets from exchange and from whales.
Except war news other things commonly happen in these month every year however the hackers and scamers ll be continually active until December so keep changing your password dont try to use your emails in multiple websites. Try not to use various unsafe website and VPN.
#Megadrop #MicroStrategy $SOL $ETH $BTC
Follow me to get informed latest update.
#Whalestrap
Hi everyone this is whales trap they are slowly taking profit as June ,July is going also news of war.
How I suggested to everyone this time you need to keep hold tightly just and when the bearish mood ll be finished try to put more in your holding ,
always buy in spot with patience and for long terms. Market is falling because of oversold and continue selling also the #hackers attacking continually to theft assets from exchange and from whales.
Except war news other things commonly happen in these month every year however the hackers and scamers ll be continually active until December so keep changing your password dont try to use your emails in multiple websites. Try not to use various unsafe website and VPN.
#Megadrop #MicroStrategy $SOL $ETH $BTC
Follow me to get informed latest update.
Some coins like #WIF and #Io are given some people sleepless night because they bought when they were pumping. Here is the rule, this is the best time to buy any token. Do not buy a token when is doing well in the market, but buy it when is at the worst level and sell it when is doing well. But most traders doing this in order way round due to FEAR OF MISSING OUT.
I am waiting for #WIF to reach $0.8 and #IO to reach $1.5 before I buy more these tokens. I have $20,000 waiting patiently to buy the DIP
RULE 1 of SPOT TRADING: Buy when is RED and sell when it becomes GREEN
I am waiting for #WIF to reach $0.8 and #IO to reach $1.5 before I buy more these tokens. I have $20,000 waiting patiently to buy the DIP
RULE 1 of SPOT TRADING: Buy when is RED and sell when it becomes GREEN
Open your mind and readâŒïžâŒïž
Are you having doubts about the bullrun? Do you feel like its not real and you are late? Let me tell you something.
YOU ARE NOT LATE.
Why? Its simple. More people are at a loss than those who are in profit.
Let me explain.
Understanding how the market works is important.
Having a better position than majority is key.
For alts we have seen a decline of over 60%. Lots of people are at a loss. Lots of them sold at a loss.
Where do you stand? If you DCA now, you have a better position than many. How are you late? Portfolios are bleeding and you are fresh.
You will be able to take profits ahead of them when you want to. You will have time to exit if you need to.
Let me tell you when its too late. Its too late when everyone is in profit. Because the moment a sell off starts everyone panics and prices fall hard.
With most alts we are only alittle over 4x above the bear market lows. Its amazing time to DCA. Markets are oversold. People are crying. Dont be afraid. Just chill.
DCA. Markets are oversold. People are crying. Dont be afraid. Just chill.
A rally is due, it could be a corrective or it could be the next leg up. Whatever it is there will be a bounce soon.
Are you having doubts about the bullrun? Do you feel like its not real and you are late? Let me tell you something.
YOU ARE NOT LATE.
Why? Its simple. More people are at a loss than those who are in profit.
Let me explain.
Understanding how the market works is important.
Having a better position than majority is key.
For alts we have seen a decline of over 60%. Lots of people are at a loss. Lots of them sold at a loss.
Where do you stand? If you DCA now, you have a better position than many. How are you late? Portfolios are bleeding and you are fresh.
You will be able to take profits ahead of them when you want to. You will have time to exit if you need to.
Let me tell you when its too late. Its too late when everyone is in profit. Because the moment a sell off starts everyone panics and prices fall hard.
With most alts we are only alittle over 4x above the bear market lows. Its amazing time to DCA. Markets are oversold. People are crying. Dont be afraid. Just chill.
DCA. Markets are oversold. People are crying. Dont be afraid. Just chill.
A rally is due, it could be a corrective or it could be the next leg up. Whatever it is there will be a bounce soon.
#MyFirstFeedPost Hello, Binance Square!
you know what happens to me when the market dips?
i look at my portfolio, see -10% -15% -20%, smile have a coffee and put any spare money i have at the time into more coins or into fundamentally solid coins which i already have.
thats why iâm bullish when market is bearish because all markets turn around.
you know what happens when i see that my portfolio went up?
i feel sad that i had some coins i wanted to accumulate but never got around to it lmao
for better or for worse the market showed some green today. could be a bull trap could be alt rally starting. no one knows until its over and thats just the way it goes.
however you should know as an investor that some opportunities and projects are just too good to miss out on.
my personal top 3 holdings are
you know what happens to me when the market dips?
i look at my portfolio, see -10% -15% -20%, smile have a coffee and put any spare money i have at the time into more coins or into fundamentally solid coins which i already have.
thats why iâm bullish when market is bearish because all markets turn around.
you know what happens when i see that my portfolio went up?
i feel sad that i had some coins i wanted to accumulate but never got around to it lmao
for better or for worse the market showed some green today. could be a bull trap could be alt rally starting. no one knows until its over and thats just the way it goes.
however you should know as an investor that some opportunities and projects are just too good to miss out on.
my personal top 3 holdings are
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