#AEVO recently got listed in #Binance and there's not much more data available to analyze and in #LTF price creating lower lows with the market dump and currently price testing the Resistance zone of $2.26 - $2.28 and might got a rejected or break too but levels are still undefined. Its a no trade zone, so better wait for quality opportunities.#HotTrends #ETHFI #ETH #sol $BTC $ETH $SOL
When to Cash Out of Altcoins (Not Financial Advice!)
Here's a breakdown of potential exit points for altcoins based on a technical analysis approach:
The RSI and Bull Run Stages:
RSI (Relative Strength Index) on the monthly chart is around 70. According to historical data, closing above this level often signifies the peak growth period of a bull run.
Price surges past the All-Time High (ATH) with a high RSI reading (above 70). This is often followed by a correction, another price rise (potentially reaching a new high), but with a divergence on the RSI. This divergence indicates weakening momentum, even if the price keeps rising.
A second price peak with a downward sloping RSI (divergence) confirms the top. This is a strong signal to consider selling (represented by the black line on the chart).
Entering and Exiting the Bear Market:
The market enters a bearish phase. Historically, the RSI dips below 50 and stays there for a few months, signifying a g$BTC $ETH $SOL ood time to buy or accumulate altcoins.
RSI eventually climbs back above 50, marking the start of a new bull run. The cycle then repeats, with the RSI potentially exceeding 70 again.
Remember, this is for informational purposes only, not financial advice. Always conduct your own research before making any investment decisions.
Additionally, consider including popular altcoins like Ethereum (ETH) and Binance Coin (BNB) in your research.
MicroStrategy continues to bolster its Bitcoin holdings, acquiring an additional 9,245 BTC for approximately $623.0 million. This purchase, funded through convertible notes and excess cash, equates to roughly $67,382 per Bitcoin.
As of March 18, 2024, $MSTR now holds a total of 214,246 $BTC , acquired for approximately $7.53 billion at an average price of $35,160 per bitcoin.#HotTrends #ETHFI #BTC #ETH $BTC $ETH $SOL
The cryptocurrency market is currently experiencing a price dip. While some interpret this as a sign of a larger decline (fake breakdown), it could also be a buying opportunity for long-term investors.
Here are some things to consider:
Market Volatility: The cryptocurrency market is known for its volatility. Price dips are common and don't necessarily indicate a long-term trend reversal.
Do Your Own Research: Before making any investment decisions, it's important to research specific cryptocurrencies and understand the underlying projects.
Consider Your Risk Tolerance: Investing in cryptocurrency carries inherent risks. Only invest what you can afford to lose.
For those interested in potentially buying the dip, here are some of the top cryptocurrencies by market cap:
Bitcoin #(BTC)
Ethereum (ETH)
Binance Coin (BNB)
Shiba Inu (SHIB)
Pepe (PEPE)
Chilliz (CHZ)
Remember: This is not financial advice. Make informed decisions based on your own research and risk tolerance.
Hashtags: (Consider removing some for a more professional tone)
$ETH #Here's What's Behind Bitcoin's Price Plunge and Where It's Headed Next!🤷👀 The crypto market took a tumble on Tuesday, with $BTC leading the charge as it dropped 7% to $63,300. This correction comes hot on the heels of Bitcoin's recent all-time high, which saw it soaring close to $74,000 last week before dipping below $63,000 in the latest downturn. Analysts warn of the potential for further declines, with some eyeing a drop to $60,000 if Bitcoin closes below $65,500. Profit-taking among long-term holders is cited as a likely factor behind the current pullback. However, amidst the turbulence, there are glimmers of optimism. Bitcoin's resilience is underscored by the influx of investments into spot Bitcoin exchange-traded funds (ETFs), which have garnered significant interest since their approval by U.S. regulators in January. Record weekly inflows of $2.9 billion last week alone indicate growing investor confidence, totalling $13.2 billion year-to-date. Furthermore, anticipation builds around Bitcoin's upcoming halving event, set to reduce new token issuance next month. This tightening of supply, coupled with increasing demand, could provide a floor for prices. The broader market sentiment also offers some support, with indices like the S&P 500 and Nasdaq remaining near record highs, boosting overall risk appetite. But it's not just Bitcoin feeling the heat. $ETH , Cardano $ADA , Polygon, and meme coins like Dogecoin and Shiba Inu are all experiencing downward pressure, signalling a broader market correction. As the crypto rollercoaster continues, investors brace for further volatility while keeping a watchful eye on key support levels and market dynamics. #HotTrends otTrends #TrendingTopic: ngTopic #BTC🔥🔥🔥🔥 C #Ethereum✅ TH #xrp #write2earn
#HotTrends $BTC $ETH $SOL #BTC BTCUSDT: 1. Current Price: Bitcoin is trading around $63.2k. 2. Market Movement: Bitcoin is experiencing a decline after being rejected from upper resistance levels. 3. Possible Scenarios: ~ Continued Dump: If the selling pressure persists, the price may move towards the lower support zone. From there, a bounce-back could occur. ~Breakout: Alternatively, if the price breaks out and closes above the upper resistance zone, it could signal a bullish move, especially in the context of an ongoing bull run. 4. Stay Tuned for Updates It's essential to keep an eye on key support and resistance levels to gauge the market sentiment and potential price movements accurately.