"Confession of a repentant scammer"
I'm sure that every time one of you has come across another news story about fraud and how gullible investors are losing their money, you've probably wondered: ‘Who is the heartless person behind this?’. Today, I will show you the other side of this story as I will tell you the story of a former crypto scammer who made money by cheating:
"When I first started my journey in the crypto industry, I was amazed by its potential. However, instead of learning and investing wisely, I chose the ‘easier’ way - fraud. At first, it seemed simple: come up with an attractive scheme, lure people with the promise of huge profits, and then disappear with their money. I used psychological tricks, manipulated emotions, and created fake platforms that looked quite convincing. My goal was simple: quick money without any responsibility. It worked until the problems started. When my project collapsed, I realised that it was not only me who suffered, but also my victims. The trust in the crypto industry was destroyed, and I was left alone with the consequences of my actions.
Now that I am reaping the rewards of my actions, I feel remorse and want to share some useful tips on how not to get caught by the ‘former me’:
- Research the cryptocurrency or project you are planning to invest in. Get to know their team, technology, and white paper.
- If you are promised quick profits or too much interest, it could be a sign of a scam.If something sounds too good to be true, it's probably a scam.
- Scammers often try to get you to act quickly. Always give yourself time to think about it.
- Use reliable crypto exchanges with good reputations and security practices, such as Coinbase, Kraken, WhiteBIT. They actively take measures to protect their users by checking projects and taking measures to detect fraud. In addition, on the eve of Halloween, WhiteBIT launched a campaign in which traders' fears and risks appear in the form of crypto monsters.
Remember: the crypto industry has huge potential, but only for those who are ready to work honestly."
$RONIN
{future}(RONINUSDT)
{spot}(RONINUSDT)
Moving Average (MA 200):
The price is currently trading above the 200 SMA at $1.662, indicating a bullish sentiment. The price finding support near the 200 SMA level suggests further bullish potential. If the price continues to hold above this key moving average, it can indicate sustained bullish momentum in the near term.
VWAP:
The VWAP is sitting at $1.696, aligning with the current price level. This positioning suggests a neutral to slightly bullish trend. If the price manages to stay above the VWAP level, it can further confirm the bullish sentiment.
RSI:
The RSI stands at 55.34, indicating that the market is in a neutral to slightly bullish zone. The RSI is not yet in the overbought zone, meaning there could still be room for an upward push before reaching overbought levels.
MACD:
The MACD shows positive momentum, with the MACD line at 0.028 and the signal line at 0.026, both in bullish territory. This suggests that upward momentum is building, and the bulls are currently in control.
Bullish Scenario:
If the price breaks above the $1.70 level, we could see further upward movement towards $1.80. Continued bullish momentum in the MACD and price action above the 200 SMA would support this bullish outlook.
Bearish Scenario:
If the price fails to hold above the $1.662 support (200 SMA) and drops below $1.60, the next target would be $1.50. A bearish crossover in the MACD or RSI turning lower would confirm the downside risk.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult with a financial advisor before making any investment decisions.
ApeCoin is a cryptocurrency on the Ethereum (ETH) network. ApeCoin is the native cryptocurrency for the APE ecosystem, which includes the ApeCoin DAO and all services and products utilizing APE. Yuga Labs, the creator of the famous Bored Ape Yacht Club (BAYC) NFT collections, has adopted APE as the primary token for all new products and services.
The Bored Ape Yacht Club started in April 2021 and is comprised of thousands of individual ape NFTs. Each has its distinct facial expressions and clothing. The concept gained popularity as celebrities such as Jimmy Fallon, Justin Bieber, and Paris Hilton invested enormous money in the Bored Ape NFTs.
ApeCoin is intended to serve as the decentralized protocol layer for various community-led initiatives. The token is managed by the APE Foundation, which administers the decisions of the ApeCoin DAO (decentralized autonomous organization). The holders of ApeCoin are the only voters in the DAO, which the Foundation facilitates. #APE $APE
{spot}(APEUSDT)
$NOS is showing noteworthy strength today, propelled by noteworthy trading volume, as it advances toward the $5.30 target, presuming the present trend holds. Furthermore, $GRT and $RNDR are both doing well, and $ETH is expected to have a major impact to continue this upward momentum.
The previous rally showed us 18x gains.
$WIF /USDT ON THE VERGE OF A MAJOR MOVE ... CRITICAL LEVELS IN PLAY..
The $WIF /USDT pair is under pressure, down 4.61% with the price sitting at $2.524. After hitting a 24-hour high of $2.784, WIF has slid back, now testing key support at $2.502. If this support breaks, we could see a further drop toward $2.487, signaling increased bearish momentum. However, if bulls manage to defend this level, a recovery toward $2.591 could be on the cards. With significant 24-hour volumes, both for WIF and USDT, traders should stay sharp—this could be a prime opportunity for either a strong bounce or an accelerated sell-off! Prepare for fast-paced action.
#Wificoin #wifhatdog #BTCSoarsTo68K #UptoberBTC70K? #Therapydogcoin
AXS/USDT Price Surge: Testing Key Resistance Level
$AXS
{spot}(AXSUSDT)
{future}(AXSUSDT)
Moving Average (MA 200):
The price is trading above the 200 SMA at $4.886, signaling strong bullish momentum. The price recently surged past this moving average, which acted as support in the past, indicating that the bulls have taken control.
VWAP:
The VWAP is positioned at $5.348, with the price currently trading above this level. This further supports the bullish scenario as the price holds above VWAP, showing sustained buying pressure.
RSI:
The RSI is currently at 72.02, indicating that the asset has entered overbought territory. While the momentum is strong, this could signal a potential pullback or consolidation in the short term if the price continues to climb without any correction.
MACD:
The MACD is showing clear bullish momentum, with the MACD line at 0.142 above the signal line at 0.126. The positive histogram bars also support the continuation of the uptrend, and no signs of bearish divergence are currently visible.
Bullish Scenario:
If the price sustains above the $5.30-$5.50 resistance zone, the next target could be around $6.00. A continuation of the positive RSI and MACD trend would support this scenario, alongside increasing volume.
Bearish Scenario:
If the price faces rejection near $5.50 and drops below $5.00, a retest of the 200 SMA at $4.886 could follow. A bearish crossover on the MACD and a decline in the RSI could signal a short-term correction.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult with a financial advisor before making any investment decisions.
$LUMIA WILL BREAK THROUGH RESISTANCE
{spot}(LUMIAUSDT)
LUMIA is on fire, up 25.4% to $1.481! This rapid riser's technicals look promising.
RSI's at 84.21, MACD's showing a robust crossover, and it's trading above its 50-day and 200-day moving averages.
LUMIA broke out above $1.20, potentially targeting $1.80. However, being overbought might lead to consolidation.
Key levels to watch: support at $1.20, resistance at $1.60, and next resistance at $1.80.
Bullish sentiment's growing, and trading volumes are increasing.
Next steps: monitor consolidation above $1.40, potential retest of $1.20, and adjust targets accordingly.
Keep in mind: overbought conditions may lead to a short-term correction, so monitor volume and market sentiment.
#KryptoAlchemy
#MemeCoinTrending #Write2Earn! #BTCUptober
#SCRSpotTradingOnBinance
🚨 $1000SATS /USDT IN BEARISH TERRITORY – MAJOR SUPPORT ON THE LINE 🚨
The $1000SATS /USDT pair is showing signs of a steep pullback, down 5.85%, with the price currently sitting at $0.0002735. After reaching a 24-hour high of $0.0002957, 1000SATS has broken below key support levels, now testing $0.0002731. If this support doesn't hold, expect a further decline towards $0.0002719, opening the door for bearish continuation. On the upside, bulls would need to push the price back toward resistance at $0.0002803 to regain control. The bearish momentum is evident, making this a crucial point for traders looking to capitalize on the dip or ride the short-term downside. Stay sharp as 1000SATS could witness a volatile shift soon..
#1000SATS🔥🔥🔥🔥 #100xGains #BTCSoarsTo68K #UptoberBTC70K? #CanaryLitecoinETF
Institutional Investor Interest Returns! He Bought Bitcoin (BTC) and Four Altcoins, Sold a Surprise Altcoin!
Bitcoin started the new week on the rise and the price rose above $ 69,500. While this increased investors' expectations for an increase, CoinShares published its weekly cryptocurrency report and said that there was an inflow of $ 2.2 billion last week.
"Inflows into cryptocurrency investment products reached $2.2 billion, the highest level since July, on optimism about the possibility of Republicans winning the US elections."
Bitcoin Becomes the Focus Again!
When looking at crypto funds individually, it was seen that the fund inflows were in Bitcoin.
While BTC saw an inflow of $2.13 billion, Ethereum (ETH) saw an inflow of $57.5 million.
There was also an inflow of $12.3 million in the Bitcoin Short fund, which was indexed to the fall of BTC.
When we look at other altcoins, XRP experienced an inflow of $0.7 million, Solana (SOL) $2.4 million, Litecoin (LTC) $1.7 million, and Cardano (ADA) $1.5 million.
"Bitcoin was the biggest beneficiary, seeing an inflow of $2.13 billion, while with the recent price increase, $12 million inflow was achieved in the short Bitcoin fund, making it the biggest inflow since March of this year.
Ethereum also saw inflows of $58 million, while some altcoins like Solana ($2.4 million), Litecoin ($1.7 million), and XRP ($0.7 million) saw inflows."
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 2.27 billion dollars.
Australia came in second after the United States with $1.4 million.
In the face of these inflows, Canada had an outflow of $19.9 million, while Sweden had an outflow of $18.2 million.
#BTCSoarsTo68K
$PEPE 27% gains in 30 days at risk? Here’s why… - AMBCrypto Analytics
PEPE recently faced resistance at $0.00001068, a level that has previously rejected upward price movements, highlighting strong selling pressure. Currently, PEPE is testing a critical support level at $0.00001025. If this support holds and buying pressure increases, we could see a rebound, potentially leading to a retest of the resistance level and a breakout toward the upper boundary of the ascending triangle.
However, the outlook is cautious. According to AMBCrypto, the support at $0.00001025 may struggle to hold. The Relative Strength Index (RSI) sits at 48.46, below the neutral threshold, indicating bearish market sentiment. This sentiment is echoed by the Moving Average Convergence Divergence (MACD), which has formed a “death cross.” This crossover suggests that sellers are gaining control as the MACD line drops below the signal line.
After Long time resistance at $67k ... $BTC now dropped to $67k strong resistance .. Soon we will see BTC again at $70k..
$BTC /USDT FREEFALL ALERT – MAJOR SUPPORT BREAKDOWN LOOMING..
Bitcoin ($BTC /USDT) is slipping fast, currently down 2.25%, with the price at $66,998. After hitting a 24-hour high of $69,519.52, BTC is now testing critical support near $66,951.15. If this level gives way, a steeper decline towards the next major support at $66,822.73 is likely, which could accelerate the selloff. Bulls need to defend these zones urgently to prevent a further plunge. However, if they manage to hold, we could see a recovery bounce back toward the $68,706.20 mark. This is a make-or-break moment—be ready for swift moves in either direction..
#Bitcoin❗ #BTC☀ #TeslaTransferBTC #UptoberBTC70K?
🚨 $PEPE /USDT IN DANGER – CRITICAL SUPPORT LEVELS UNDER ATTACK 🚨
The $PEPE /USDT pair is dipping into the red, down 2.40%, with the current price hovering around $0.00001016. After reaching a 24-hour high of $0.00001090 and a low of $0.00001013, PEPE is approaching crucial support levels. A breakdown below the key support at $0.00001010 could open the floodgates for more downside action, with bears eyeing $0.00001006 as the next stop. However, if bulls step in at these levels, a quick rebound towards $0.00001035 and beyond could be on the cards. Traders should keep a close watch—this could be a pivotal moment for the next major move..
#pepe⚡ #pepe⚡ #BTCSoarsTo68K #UptoberBTC70K? #CanaryLitecoinETF
Apollo Expert Predicts Fed Likely to Hold Rates Steady in November 👍🏻
Torsten Slok, Chief Economist at #Apollo Asset Management, stated in a report that due to consistently strong U.S. economic data, the Federal Reserve may refrain from cutting interest rates in the near term.
The Atlanta Federal Reserve’s forecast for third-quarter #GDP is currently 3.4%, indicating continued economic expansion. Slok noted that the economy is benefiting from factors such as dovish Fed policies, reduced uncertainty surrounding the upcoming #election , and easing geopolitical risks. He predicts that the Fed is more likely to hold rates steady in November rather than cut them.
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#Binance
#crypto2024