Crypto analyst makes happy Bitcoin comment: โItโs over!โ
Famous YouTuber and crypto analyst DonAlt drew attention with his Bitcoin ($BTC ) assessment.
DonAlt, who produces content about cryptocurrencies on X (formerly Twitter) and YouTube, made his followers happy with his latest post. Bitcoin, which has been moving sideways for a long time, had tired investors. The leader of cryptocurrencies, which stepped on the gas after the weekly close, tested $ 64,500 and winked at the bull season.
DonAlt, who has 589 thousand followers on X, stood above the critical levels in Bitcoin. The famous analyst thinks that if BTC stays below $ 58,000, selling pressure will increase. DonAlt stated that $ 65,000 must be exceeded in order for the upward movements to continue. According to the analyst, BTC should test the support levels before starting major increases.
DonAlt, who touched on not only Bitcoin but also Ethereum (ETH), underlined an important technical structure. According to the analyst, the ascending triangle formation in $ETH (price making higher lows) gives hope for an increase. Emphasizing that $2700 is critical for Ethereum, the crypto expert believes that breaking this area can trigger sharp increases.
DonAlt's main target in $ETH is $3350. Daily closings above $2750 are likely to pave the way for a rapid rise to $3350. However, in this process, it is useful to pay attention to the Bitcoin dominance in the market and the data from spot Ethereum ETFs.
#CryptoDeNostradame #ParrotBambooCrypto
๐จ๐ ๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฃ๐ฟ๐ฒ๐ฑ๐ถ๐ฐ๐๐ถ๐ผ๐ป โ ๐ช๐ถ๐น๐น ๐๐๐ต๐ฒ๐ฟ ๐๐ฟ๐ผ๐ฝ ๐๐๐ฟ๐๐ต๐ฒ๐ฟ? ๐คฏ๐คฏ
Whale Dumping Intensifies:
Ethereum has come under pressure due to increased whale sell-offs, with the Ethereum Foundation among the latest to offload tokens.
Ethereumโs price has slipped below $2,400, now testing the critical $2,300 support zone.
Market Sentiment Turns Negative:
On-chain data from Santiment highlights that Ethereum has become one of the most negatively perceived assets amid the recent market downturn.
Lookonchain reports a decline in Ethereum ETF inflows, with a net outflow of 3,422 ETH (-$8.32 million) as investors seek new opportunities like Lunex Network.
Technical Indicators Flash Warnings:
Moving averages indicate sell signals, though the 14-day RSI remains neutral, suggesting indecision in the market.
According to Ali Martinez, Ethereum must defend the $2,250 support level to prevent further decline. A breakdown below this level could trigger a 53% correction, exacerbating the bearish trend.
Ethereumโs immediate outlook remains uncertain, with technical indicators pointing to further downside risks. Investors will be closely watching the $2,250 support for signs of a potential bounce or deeper correction.
#moonbix #MemeCoinTrending #BTCBreaks65K #BTCUptober #USRateCutExpected
{spot}(ETHUSDT)
What happened in Crypto in the last 12h:
- $BTC Reaches 66K
- Bitcoin ETFs Inflow Over $550M
- #Blackrock Larry Pink Expectations on Bitcoin
- Harris Support for a Crypto Regulatory
- $WLFI Token Sale Today
- Coinbase Listing $DEGEN
- $ENA Ethena Network
- $KAVA Big Announcement
- $DRIFT driftSOL Launch
๐
โข $BTC - Bitcoin surged, reaching 66K again in about two weeks and the market was booming.
โข Bitcoin ETF receives over $550m inflows, largest since early June.
โข During BlackRock's Q3 earnings call, CEO Larry Pink referred to Bitcoin and digital assets as an emerging asset class, comparing it to the early days of the mortgage market. He also said that Ethereum's role as a blockchain could grow dramatically.
โข Kamala Harris is expected to announce her support for a cryptocurrency regulatory framework in a speech today.
โข $WLFI - World Liberty Financial has announced that the public sale of its governance token $WLFI will begin today at 1PM UTC for whitelisted participants.
โข $DEGEN - Coinbase announces the listing of $DEGEN. $DEGEN is scheduled to trade at 9AM PT on Oct 15th.
โข $ENA - Ethena Labs has created a separate Ethena Network X account and will be announcing the network launch schedule and new ecosystem apps in the coming weeks.
โข $KAVA - KAVA has teased a exciting announcement tomorrow on their X channel.
โข $DRIFT - Drift Protocol has launched $dSOL, the $SOL LST. $dSOL has an APY of ~8.63% and a 5x increase in FUEL rewards on Drift.
๐ **Crypto News Flash: Trump-Backed WLFI Token Gathers Steam!**
- World Liberty Financial (WLFI), backed by Donald Trump, boasts over 100,000 signups pre-launch.
- WLFI token, an Ethereum-based ERC-20, will serve as the governance asset for the DeFi platform.
- Users can borrow, lend, and interact with liquidity pools and stablecoins.
- Paxos co-founder Rich Teo joins as stablecoin and payments lead.
- 63% of tokens sold to whitelisted members, 17% for rewards, 20% to the team.
- Aave CEO Stani Kulechov excited about WLFI using Aave for lending.
- Trump Jr. praises WLFI, criticizes US banking system.
Stay tuned for the token sale on Oct. 15! ๐
๐ **Breaking Crypto News!** ๐
World Liberty Financial, backed by none other than Donald Trump, claims over 100,000 signups before its WLFI token launch on Oct. 15! ๐
- **Token Details**: ERC-20 on Ethereum, governance asset for DeFi platform.
- **Features**: Borrow/lend crypto, liquidity pools, stablecoin transactions.
- **Exclusive**: Only for accredited US investors.
- **Team Update**: Paxos co-founder Rich Teo joins as stablecoin/payments lead.
- **Tokenomics**: 63% to public, 17% rewards, 20% team. $300M raise, $1.5B valuation.
- **Launch**: Aave instance on Ethereum, expanding to layer-2 Scroll.
Donald Trump Jr. calls it a game-changer for regular citizens. What do you think? Comment below! ๐ฌ
**News Flash: Trump-Backed Crypto Project Gains Traction**
World Liberty Financial, a crypto project endorsed by Donald Trump, has reported over 100,000 signups ahead of its public token launch on October 15. The WLFI token, an Ethereum-based ERC-20 asset, will serve as the governance token for the platform. Users can borrow, lend crypto, and interact with liquidity pools.
The platform is currently open only to accredited investors in the U.S. Paxos co-founder Rich Teo joins as the stablecoin and payments lead. The project aims to raise $300 million, targeting a $1.5 billion valuation. Trump Jr. praised the initiative as a step towards a fairer financial system.
$PEPE
price action of the PEPE/USDT pair, showcasing various technical indicators to assess the asset's trend and potential momentum. Let's analyze the key elements:
Price Action:
Upward Trend: The overall price trajectory indicates an upward trend, with the current price ($0.00001087) surpassing the 24-hour high ($0.00001117).
Momentum: The 1-hour, 4-hour, and daily candlesticks exhibit a bullish bias, suggesting continued upward momentum.
Technical Indicators:
Moving Averages (MA): The 7-day and 25-day moving averages are both below the current price, indicating a bullish trend. The 99-day MA, however, is slightly below the price, suggesting potential resistance.
Bollinger Bands (BB): The price is currently trading above the upper Bollinger Band, indicating strong bullish momentum. The distance between the bands suggests a relatively high volatility.
Stochastic Relative Strength Index (RSI): The RSI is hovering near the overbought zone (above 70), suggesting that the asset might be due for a short-term pullback.
MACD: The MACD line is above the signal line, indicating a bullish trend. However, the histogram is decreasing, suggesting a potential slowdown in momentum.
Interpretation:
Based on the analysis of the price action and technical indicators, the PEPE/USDT pair appears to be in a strong uptrend with a bullish bias. However, the RSI nearing the overbought zone and the decreasing MACD histogram suggest a potential short-term correction or consolidation phase.
Disclaimer: do not agree with me. do your investment at your own research and risk .This analysis is based on the technical indicators. Cryptocurrency markets are highly volatile, and past performance does not guarantee future results. It's essential to conduct thorough research and consider your risk tolerance before making any investment decisions. ย
declaration :
as author of this post declar have significant amount of holding in this coin. and chart is taken from binance.
The story of the monks is a great example of how traders can get stuck in negative thinking.
Just like the younger monk couldnโt stop thinking about the woman after the older monk had already moved on, traders often hold onto the negative thoughts after a triggering event like missing a trade or losing a trade
Instead of letting go and focusing on the next opportunity, they replay the mistake over and over in their minds, which only adds more stress and proceeds to negatively impacts their decision-making for the next trade.
Instead learn how to be more like the old monk...
1) Detachment from Outcomes: Monks practice non-attachment, In trading, this means not letting wins or losses affect your decisions. You make choices based on your plan, not your feelings, which keeps you from jumping in moves out of fear or excitement.
2) Staying in the Now: Zen is all about being in the moment. For traders, this means staying present and not letting their minds begin to drift to the past or worrying about what will happen in the future. When you stay focused in the now you will trade 10x better.
3) Keep It Simple: Monks live simply, and traders can benefit from this too. Too many rules or indicators can confuse you. A straightforward trading strategy usually works best. Focus on removing not adding.
$BTC
{future}(BTCUSDT)
#BTCBreaks66K
๐ $BNB /USDT is currently trading at 591.1 with a 24-hour high of 592.4 and a 24-hour low of 558.9, showing a 3.52% increase.
๐ Technical analysis indicates that BNB/USDT is currently in an upward trend, with BOLL indicators showing an upward movement.
๐ Key levels to watch are 592.4 as resistance and 579.4 as support.
๐ฏ Short-term entry strategy could be to buy near the support level at 579.4, with a target price of 592.4.
๐ Key insights suggest that the market sentiment is positive, and there is potential for further upside movement.
๐ก Price prediction indicates a possible increase towards 600 in the short-term.
โ ๏ธ It is important to manage risks by setting stop-loss orders and monitoring the market closely.
๐จ Potential risks include market volatility and external factors affecting the price of BNB/USDT.
โน๏ธ Overall, BNB/USDT shows bullish momentum with opportunities for short-term gains. Trade carefully and stay informed.
#MemeCoinTrending #BTCBreaks66K #BNSOL #GrayscaleConsiders35Cryptos #BTCUptober
{spot}(BNBUSDT)
Stellar (XLM) has shown a mixed performance in recent trading sessions. Despite a 3.64% gain against the US Dollar today, the cryptocurrency remains 42.23% below its predicted price of $0.161855 for October 19, 2024. Over the past month, XLM has dropped by 3.95%, and it is down 12.11% year-over-year.
Technical indicators reveal a bearish sentiment, with 62% of signals predicting a negative trend. Key support levels are at $0.090089, $0.089242, and $0.088127, while resistance levels are at $0.092052, $0.093167, and $0.094015. The Fear & Greed index stands at 48 (Neutral), indicating investor uncertainty.
Given the current market conditions and technical indicators, the outlook for Stellar remains pessimistic. Investors should exercise caution and closely monitor market trends.
Be Smart: Avoid Borrowing for Crypto Trading
Borrowing money to trade cryptocurrencies is a risky move you should avoid at all costs. Donโt assume that those who made mistakes in the past were simply naive. In 2017, many traders locked in significant profits and cashed out. However, when the market took a downturn in 2018, they kept reinvesting to recover their losses, only to end up losing everything. History shows that overextending yourself financially can lead to disaster.
If you havenโt mastered consistent profits, limit your investments to 10-20% of your total assets or no more than two yearsโ worth of income. Only trade with money you can afford to loseโborrowing funds is a recipe for trouble. After all, if you canโt make returns with 10,000 yuan, what makes you think taking on debt will change that? If losses occur, take the time to reflect on whether crypto trading is really right for you. Stay level-headed, avoid the temptation to chase losses, and resist the urge to invest more in hopes of a turnaround.
#TraderEducation #TradeHalt #borrowing #10MTradersLeague #MemeCoinTrending
$AUCTION
{spot}(AUCTIONUSDT)
/USDT Technical Analysis ๐ฏCurrent Price: $14.21Recent Momentum: AUCTION is seeing an upward trend, hitting a 24h high of $14.05, up 5.01%. With strong 24h trading volumes totaling over 3 million USDT, this DeFi token shows promising movement.Target Levels to Watch:1. Target 1 - $14.50: If the bullish momentum continues, AUCTION could aim for this level, a significant short-term resistance.2. Target 2 - $15.00: A key psychological level that might attract more traders, potentially pushing prices higher.3. Target 3 - $15.50: Breaking this level could lead to further gains, marking an entry into a new high range.Moving Averages:MA(7): $13.94, showing support at this level.MA(25): $13.58, indicating a bullish trend above this range.MA(99): $13.76, a strong base showing long-term support.Watch these targets as potential entry or exit points. Keep an eye on volume and moving averages to gauge sustainability in the uptrend!