When to enter in the long position..... Here are key situations when you might consider going long on a cryptocurrency:
đBullish Market Sentiment: When the overall market is trending upward, and sentiment is positive, it can be a good time to long. This can be confirmed by higher highs and higher lows in price movements.
đBreakouts: If a coin breaks above a key resistance level, it often signals the start of a bullish trend. Going long after a confirmed breakout can lead to profits as the price rallies.
đSupport Levels: If the price of a coin pulls back to a strong support level and holds, this could be an opportunity to go long, as the price might bounce back up.
đPositive News or Events: News such as partnerships, technological upgrades, or regulatory approvals often drive a coinâs price higher. Long positions before or during such events can be profitable.
đOversold Conditions: When technical indicators (like the Relative Strength Index, RSI) show that a coin is oversold, it may signal a potential reversal, indicating a good time to go long.
đRising Volume: Increasing trading volume, especially when paired with upward price movement, can confirm that a bullish trend is strong, which may be a good opportunity to long.
đFundamental Strength: Coins with strong underlying fundamentals (e.g., development activity, use cases, community support) can be good candidates for long positions, particularly during dips in price.
đ„đ„đ„đ„đ„đ„đ„đ„đ„
Remember to use risk management strategies like stop-losses, especially in volatile markets like cryptocurrency.
$BTC $PENDLE $CATI #DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #BinanceLaunchpoolHMSTR #FOMC
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#WhaleAlert ! đł Two Big Players Just Made Their Move on $ETH đ„ An #Ethereum ICO participant and Genesis Trading's bankruptcy wallet both deposited a whopping 8,510 #ETH ($21.9 million) to centralized exchanges. đ€Ż
ETH's price has been closely following #Bitcoin 's moves lately, with alternating pumps and dumps. Now that these big players are making their moves, it's anyone's guess what ETH will do next! đź
Stay tuned for more updates! đ And remember, the crypto market can be unpredictable, so always trade with caution. â ïž DYOR!
Source: SpotOnChain
**Kamala Harris Backs AI and Crypto in Presidential Campaign**
Kamala Harris, in her first public statement as a presidential candidate, has pledged to boost investment in AI and digital assets. Speaking at a Wall Street fundraiser, Harris emphasized the need for innovation while ensuring consumer protection. She aims to create a transparent business environment and cut red tape.
Harris' stance on crypto marks a shift from President Biden's approach, which some view as less supportive. Her campaign adviser hinted at crypto-friendly policies, stressing the need for clear regulations.
The crypto industry, which has invested heavily in the upcoming elections, is keenly watching both Harris and her Republican rival, Donald Trump. Trump has actively promoted NFTs and promised to support the crypto sector if elected.
With Harris and Trump nearly tied in polls, the crypto community awaits detailed policy proposals from both candidates.
The seven-day moving average of Ethereum transaction fees reached $3.52, a surge of 314% from $0.85 on September 1. On September 21, the daily burning of ETH reached 1,360, a surge of 1,600% from 80.27 on September 1. However, the number of active accounts on the Ethereum network fell to the lowest point of the year, about 385,000.
Successful Economist: This Asset's Movements Deeply Affect Bitcoin (BTC)!
Gordon Grant, a successful economist and Block's derivatives expert, said that the price dynamics of the Japanese yen are increasingly affecting the leading cryptocurrency Bitcoin ($BTC ). The popular trader stated in his latest report that the Bitcoin price has risen thanks to the weakening of the yen.
Gordon Grant said that the risk appetite in the cryptocurrency sector has increased in the past few days. According to the analyst, investors increasingly perceive Bitcoin as a profitable inverse analogue of the US dollar in the face of the increasing public debt of the American federal budget.
Grant, a crypto expert, says that the decrease in the interest rate of the US Federal Reserve System (FRS) will soon increase volatility in the stock and crypto markets: âIn the long term, Bitcoin and other digital assets will start to gain value, especially with low interest rates. The depreciation of the yen against the dollar will be the main catalyst for the rise of the leading cryptocurrency and the increase in investor sentiment.â
The successful analyst also claimed that it is unlikely for the leading cryptocurrency Bitcoin ($BTC ) to drop below the $57,000 support level in the short term.
#KIP #KIPprotocol #CryptoDeNostradame #ParrotBambooCrypto
$BNB is trading at 594.7, up 1.69% for the day, with a high of 595.7 and low of 576.4. Momentum is strong, but there are key resistance levels ahead.
Technical Overview:
RSI (6) is at 73.3, indicating overbought conditions, signaling possible exhaustion of the current uptrend.EMA (7, 10, 14) are all below the current price, confirming bullish momentum with immediate support around 590.6.
Support and Resistance Levels:
Resistance:First key resistance is at 595.2, with stronger resistance at 601.1 and 604.4.
Support:Immediate support is at 586.6 and 575.8.
Strategy:
Long: A breakout above 595.7 could target 601.1. However, considering the high RSI, it might be prudent to wait for a pullback to 586.6 or below for a better entry.Short: Overbought conditions suggest potential for a correction. Shorting at 595.7 with a target around 586.6 or 575.8 could be considered, with stops above 601.1.
Summary:
BNB is testing key resistance around 595, but RSI suggests a pullback could be coming. Watch for a breakout above 595 or a retracement toward 586 to confirm the next move.
#DODOEmpowersMemeIssuance #BTCReboundsAfterFOMC #BNBAnalysis #Write2Earn!
â
 Bitcoin is up 6% for the week after the Fed cut the interest rate by 0.5% on Wednesday. Ethereum finally stopped underperforming after hitting the lowest point in the ETH/BTC ratio over the past 3.5 years đ€
Weekly news digest:
đ Crypto
đžÂ Binance secretly launched their Telegram mini-app game
đžÂ The LayerZero 1st airdrop claim period has ended, if you already claimed ZRO you will be eligible for bonus tokens
đžÂ BitGo, a crypto custodian backed by Goldman Sachs is launching a new stablecoin USDS
Â
đžÂ Over $6 million in tokens were drained from DeltaPrime wallets due to a private key leak
đžÂ MicroStrategy has announced its third debt offering of 2024, aiming to raise $700 million by issuing convertible senior notes
đžÂ Solana Labs's phone designing subsidiary will ship its second crypto phone in 2025, Solana Mobile announced
đŠ Crypto exchanges
đžÂ The crypto exchange BingX was hacked for $52 million
Â
đžÂ OKX CEX will relaunch its US exchange with a new mobile app in Q4
đžÂ Singaporeâs DBS Bank will launch OTC crypto options trading and structured notes for BTC and ETH for its institutional clients
đ” Finances and Economy
đžÂ The Fed has cut interest rates by 0.5%
đžÂ Stablecoin issuers like Tether have grown to become the 18th largest holder of U.S. Treasuries
đžÂ Bank of England maintained the interest rate at 5%
Â
đžÂ BlackRock will launch an AI-focused fund with Microsoft worth around $30 billion
đžÂ BlackRock said its clients largely view Bitcoin as insurance against a possible U.S. debt crisis
âïž Law and Order
đžÂ SEC approved options trading for BlackRock's spot Bitcoin ETF
đžÂ Louisiana has become the first state to accept crypto payments for government services
đžÂ The SEC filed its proposed amended complaint against Binance
 đŁ Personalities
đžÂ Cardano founder will meet with the President of Argentina in October to discuss the crypto economy
Donald Trump launched his long-rumored crypto project, World Liberty Financial
$BTC $BTC $BTC
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**BTC Futures Signal:**
1. **Bitcoin ($BTC) - $63,776.50 (+0.93%)**
- **Long Position**: Go long if the price rises above $63,900, aiming for $65,200.
- **Short Position**: Consider going short if the price falls below $63,500, with a target of $62,400.
Bitcoin is showing positive momentum, but keep an eye on these key levels to confirm whether the uptrend will continue or if a correction is likely. Always use stop-loss orders to manage risk when trading futures.#Write2Earn! #BTCâ #Write2Earn! #bitcoinâïž #Write2Earn!
After hitting $2524 low $ETH gain a lot and hit 2600 milestone .. Huge Gain..
$ETH /USDT is Breaking Out! ...
$ETH is climbing fast, now priced at $2,614.68, showing a solid recovery from a recent low of $2,524.58. The bulls are pushing towards the $2,619.52 resistance, and momentum is strong, with a 24-hour high already tapped at $2,614.99!
The market is heating up, and traders are eyeing the next big move. Will we see ETH push past $2,620 and ignite another surge? Keep a close watchâthis could be the start of something huge!
#ETHđ„đ„đ„đ„ #BTCReboundsAfterFOMC #CATIonBinance #BinanceLaunchpoolHMSTR #BullBanter