🚀 Bitcoin's back in action, hitting $68K on October 16, thanks to some spicy leveraged trades! Traders are buzzing, but watch out for market manipulation—Skew's got his eyes on some sneaky spoofing on Binance. 👀
Spot buyers on Binance and Bitfinex are driving the surge, with big and small investors alike jumping in. Material Indicators say $70K is just around the corner. 📈
Crypto analyst Michaël van de Poppe is calling for a new ATH soon, maybe $90K by EOY! Even the U.S. Dollar is playing nice. 🌟
What do you think? Bull run incoming? Drop your thoughts below! #Bitcoin #Crypto #BullRun
Technical Report for $EIGEN , $HMSTR , $CATI
EIGEN is currently trading at $3.21, down -4.04%. This decline indicates a short-term trend reversal.
Immediate support is at $3.00, while resistance lies at $3.50. If EIGEN sustains below $3.10, potential targets include $2.80 and $2.50. Conversely, a rebound above $3.30 may trigger a rally towards $3.60.
HMSTR's price has declined to $0.003831, reflecting a -3.72% loss. This downward momentum suggests a selling opportunity.
Key support levels are $0.0035 and $0.0030, while resistance stands at $0.0045. If HMSTR drops below $0.0035, potential targets include $0.0030 and $0.0025. However, a bounce above $0.0040 may propel HMSTR towards $0.0050.
CATI is trading at $0.4124, down -2.37%. This correction indicates a potential buying opportunity.
Support levels are $0.40 and $0.38, while resistance lies at $0.45. If CATI maintains its trajectory above $0.41, potential targets include $0.45 and $0.50. Conversely, a decline below $0.38 may lead to a drop towards $0.35.
#NeiroOnBinance #KryptoAlchemy
#MemeCoinTrending #Write2Earn! #BTCUptober
**Bitcoin's Trump Card: From Scam to Superstar! 🚀**
- Bitcoin's recent surge linked to a "political shift" toward the Republican Party.
- On Oct. 15, Trump declared, "Crypto is the future," aiming to make the US a global leader in digital assets.
- Standard Chartered predicts Bitcoin could hit $125,000 if Trump wins in 2024.
- Trump's crypto journey: From calling Bitcoin a "scam" in 2019 to launching NFTs and holding over $10M in digital assets.
- Trump now pitches himself as the pro-Bitcoin candidate, even buying burgers with BTC in NYC!
Stay tuned for more crypto twists and turns!
**Bitcoin Soars Amid Trump’s Crypto Endorsement**
Bitcoin has been on a roll recently, with some attributing the surge to a political shift towards the Republican Party ahead of the 2024 U.S. presidential election. On October 15, Republican nominee and former President Donald Trump took to social media, calling crypto "the future" and pledging to make the U.S. a global leader in digital assets.
This marks a significant turnaround for Trump, who once labeled Bitcoin a "scam." Analysts at Standard Chartered even predict Bitcoin could hit $125,000 if Trump wins. With the election nearing, Trump is positioning himself as the pro-crypto candidate, a stark contrast to his past criticisms.
Bitcoin Reaches Cycle High of 58.9%, More Pain Before Altcoin Season?
As BTC approaches $70,000, its crypto market domination has reached 58.9%, a cycle high.
As Bitcoin dominates, are altcoins in trouble?
Bitcoin dominance (BTC.D) reached a cycle high of 58.9%. The crypto market last saw this BTC.D level in April 2021.
Bitcoin has gained about 10% in the previous week, trading at $67,769 after a modest reversal after Iran's assault on Israel earlier this month.
According to CoinGecko, the crypto market cap rose from $2.26 trillion on October 8 to $2.41 trillion on October 16. However, BTC price growth drives the crypto market cap increase.
BTC.D started October at 57.1%. Bitcoin has climbed 1.8% since then, outperforming altcoins like Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and others.
The present position of BTC.D casts doubt on the much-anticipated "altseason," which generally sees altcoins rise rapidly and BTC.D fall. BTC.D peaked at 70% in 2020-21's post-COVID bull market before falling to 40% by mid-2021.
BTC.D bottomed out at 39% in late 2022 when FTX suspended operations owing to leadership fraud accusations. BTC.D has gradually risen since then, as indicated in the chart below.
The ETH/BTC trading pair is essential as BTC.D rises. The ETH/BTC trading pair, often known as the ratio, compares Ethereum (ETH) to BTC.
The ETH/BTC trading pair is at 0.0385, last seen in April 2021. Ethereum has failed to make a higher high versus Bitcoin since November 2022, indicating lackluster price activity over the previous two years.
#BTCUptober #BTCSoarsTo68K #MemeCoinTrending $BTC
{spot}(BTCUSDT)
🚨🚨 Binance Executes a $400 Million USDT Transfer What’s the Next Big Move? 🚨🚨
Breaking News:
Binance has just completed a staggering $400 million USDT transfer to an unknown wallet, sparking widespread speculation across the crypto world. What’s brewing behind the scenes? Could this signal a massive investment, a new partnership, or a strategic market play poised to unfold soon?
💥 Whale Alert:
A Move That Has Everyone Talking
This high-stakes transfer, flagged by Whale Alert, has the market buzzing with questions. Why now? Binance has a history of executing billion-dollar transactions, but this one feels different. Could it indicate market volatility, new listings, or the start of a larger strategy?
⚡ Could This Be the Spark for a Market Boom?
Big transactions like these often precede game-changing announcements or significant price movements. With the entire market watching closely, traders are wondering:
Is this the sign of an imminent bullish breakout?
Or could it hint at a new direction for Binance with far-reaching market impact?
🔑 Prepare for Potential Opportunities
When whales make bold moves, savvy traders take notice. This transfer could mark the beginning of a major opportunity—one that might reshape market sentiment. Stay alert, fine-tune your strategies, and monitor the market closely—the next big move could be closer than expected.
Will this $400 million USDT transfer be the prelude to a crypto boom? The answer may reveal itself sooner than we think. Stay tuned, and be ready to act—this could be the moment the market has been waiting for.
{spot}(BNBUSDT)
#USStockEarningsSeason #TrumpDeFi #MemeCoinTrending #GrayscaleConsiders35Cryptos
Crypto Educational Post
Same Chart, Different Trades: Understanding Entry Strategies
One of the most fascinating aspects of trading is the variety of strategies that can be applied to the same chart.
Here, we explore three common entry strategies:
1. Reversal Entry:
Identifies potential price reversals after a trend has exhausted.
Often involves support and resistance levels, chart patterns, or technical indicators.
2. Breakout Entry:
Targets a breakout from a consolidation pattern, such as a triangle or rectangle.
Aims to capture the initial momentum of the new trend.
3. Confirmation Entry:
Waits for a confirmation signal after a potential reversal or breakout.
This could be a candlestick pattern, a volume surge, or a technical indicator crossing a key level.
Key Points:
Each strategy has its own advantages and risks.
Consider your trading style, risk tolerance, and market conditions when choosing an entry strategy.
Backtesting and practice are essential for mastering these strategies.
Remember: Trading involves risk. Always conduct thorough research and consider consulting with a financial advisor before making investment decisions.
$BTC $ETH $BNB
#Trading #EntryStrategies #Reversal #breakouts #TechnicalAnalysis
Radiant Capital, a prominent DeFi lending platform, suffered a significant security breach on Wednesday, resulting in losses exceeding $50 million. The exploit targeted the platform’s smart contracts on both the Binance and Arbitrum networks.
Blockchain security firm Ancilia Inc. first detected the breach, reporting suspicious activity on Radiant’s smart contract on the BNB Chain. Hackers drained at least $18 million from the BNB network, with the attack spreading to Arbitrum’s liquidity pools.
The attackers compromised a multisig wallet by obtaining private keys from 3 out of 11 signers, allowing them to upgrade smart contracts and transfer ownership. Radiant Capital has suspended its markets on Ethereum and Base, collaborating with security partners to investigate and mitigate the breach.
Despite this setback, the DeFi sector remains resilient and continues to innovate, underscoring the importance of robust security measures in the evolving blockchain landscape.