#BTCâ Yesterday I charted a big move down to $57k.
1 day later, after studying some more charts and especially because of what I see on the altcoin charts, I would act on this scenario: a smaller correction to 61k and a recovery. Depending on the reaction in the green box, $BTC it could go deeper if it breaks through 57k Let's see #Write2Win #BTCâ
Ethereum is discussing a proposal EIP-7781, which focuses on solving the scaling problem on Ethereum and Layer 2 platforms. Some details include:
1⣠Block completion time reduced from 12s to only about 8s
This helps the Ethereum network operate 50% faster and more efficiently than it is now. However, it also means that the hardware requirements for Validators will be higher, which can affect the decentralization of the network.
However, Vitalik has recently proposed reducing the minimum amount of ETH to participate in Validators on Ethereum from 36 ETH to 16 - 24 ETH.
If both of these proposals pass, the decentralization problem caused by EIP-7781 will be filled by Vitalik's proposal.
Not only that, Layer 2 Rollup platforms will also reduce latency.
Many brothers saw #SUIđ„đ„đ„đ„ bump up to 2 dollars and then turned to buy#aptwith the hope that#aptwould also x2 to the 18-20 dollar zone.
This may have accidentally caused brothers to sell#suiand then optimize to #apt, making apt heavier.
- Another idea is that Sui's cap at 2 dollars is around 5.4b, while apt's cap if it goes up to 18 dollars will fall to 8-9b.
But the truth is that the $SUI ecosystem is operating more effectively than apt. Especially in meme season, sui is beating apt with many meme x xx.
- The possibility of apt reaching the 20 zone in a short time like sui, I think, is not high. There is a possibility that you will jump over too much and the ship will be heavy, so you should also go vol, don't go all-in in case of a case like #op/usdt flying too much to support#arbat the end of 2023.
- This is a personal opinion, not advising anyone to invest. Anyone with the same or different views, comment and fight freely, just don't be vulgar.#Bitcoin#crypro
This week, there will be a lot of important news tonight and tomorrow!
This month's CPI news is expected to continue to develop as in previous months, decreasing by 2.3% or less than expected
The market will have fluctuations in the short term, but the long-term picture is still very stable.
Basically, the general situation at the beginning of next year is very bright!
- CPI - inflation is continuing to decline sharply
- The last quarter of the year is usually the quarter when the FED will make many moves to stimulate the economy and along with that, financial statements from large enterprises are announced.
- The story of decreasing inflation, interest rates will continue to change in a positive direction
- The story of a soft landing, everything will not be too bad
Money will flow in because a lot of money is waiting, in which strong money is still hanging in China.
There will come a time (very close) of the uptrend phase when #Altcoinsđđ flies 30-50% a day is normal.
However, the eternal problem of players in that phase is often:
+ OPTIMIZE, sell dollars waiting for adjustments to imaginary entries, thinking that the market will go as you think, in the end you put yourself at risk, because of a few coins you miss the big wave. There are some guys shouting to sell $SUI 1.6 to wait for 1.2, 1.1
+ DO NOT KNOW HOW TO ALLOCATE MONEY, BUY THE WHOLE MARKET when the Uptrend is the flying season, so listen to this person, that person says no, when looking back at the portfolio of 10-15 stocks đ
+ NO reasonable buying and selling plan, leading to incorrect and indecisive actions. The price goes down and you don't buy, but you depend on and wait for the right line drawn by yourself or some KOL, until the next day when you wake up and it's 50% gone, then you jump into FOMO. Turning around to ask KOL for compensation, they say "DYOR", "Not responsible" đ
+ GREEDY to sell the main bag to FOMO the ones that have been pumped xxxx times, jumping from one to another and all the goods are gone, in the end the capital doesn't increase much, sometimes even less than the original holding, no need to do anything.
+ DON'T KNOW what you're buying, what you're holding, why you're holding, what others say is easily swayed, passive, dependent on other people's opinions. This easily leads to the 2nd and 3rd problems above.
+ CONFUSED PSYCHOLOGY, NOT KNOWING WHAT TO DO when making the first mistake, then it will be the beginning of a series of next mistakes.
Reading the above issues, do you feel it is chaotic? Do you know why it is chaotic?
It's no coincidence that $IO was in my holding list yesterday.
AI/DEPIN (Decentralized Physical Infrastructure Networks) is very narrative this season. My bag#altcointhe most in this system, based on certain criteria that after following for a while I shopped in the bag.
As for this IO, the chart is quite beautiful when it is on the edge of the 1D symmetrical triangle model, breaking can fly strongly to $4-$5.
This cap is small, new coin, Vietnam has little FOMO but the volume in the past 30 days is quite strong, accumulating.
To add a little more, $IO is the original token of @ionet, the GPU DEPIN ecosystem is exploding, the $SOL back system. It also helps secure the network through #Staking, helping AE#Holderearn rewards when locking tokens, in addition to many other advantages such as free transactions when using $IO ...
Latest news is that $IO will be listed on coinbase - an exchange with an extremely strict listing process.
> Trading will start at or after 9am PT on October 9, 2024, which is 11pm tonight (October 9).
AE can see that the price of IO is still down today, but with a FDV capitalization of less than 1.5 billion USD, (220 million USD in circulating capital) and the information and perspective above, I am still bullish on this one.
1. 08/05/2024 - Abnormal bearish candle with amplitude of $9,300
- Price: BTC bottomed at $49K, closed at $54K.
- Volume: 162K BTC (super high).
- Strong recovery after the decline, showing the participation of big players and strong buying power, possibly "whales" are collecting goods at low prices.
2. 08/25/2024 - BTC peaked at $65K
- Price: Peaked at $65K, closed at $64,220.
- Rapid growth after the recovery from $49K to $65K, trading volume remains high, showing a fairly positive market sentiment. BTC is in a strong bull run.
3. September 6, 2024 - Test supply and make a higher low at $52,550
- Price: Make a higher low at $52,550, close at $53,900
- Trading volume: 54K BTC (lower than previous low).
- $BTC returned to test supply at $52K and trading volume gradually decreased. This is a sign of weak supply, the possibility of a further bounce is quite high #Write2Win #BTCâ
In 24h Transaction $SUI reached 99.5 million/24h .. Skill SOL has a reason.
P/S: Solana in 2021 ran alone to the finish line because the processing speed of $SOL at that time was very fast. There was no rival Blockchain at that time. And now#SUIis repeating that history again. #Write2Win #BTCâ