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LocademiaCripto
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I always think that if I’d put in more money, things would have gone badly for me... tell me why I think like that!
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LocademiaCripto
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What a year we’re having for Bitcoin, right? If you’ve been reading my insights for a while, you’ve probably read my thoughts on technical analysis in the crypto world… if, like me, you were saving in Bitcoin when it was under $50,000, you’re now up around 50% in profit (as shown on my chart)… Maybe you’re wondering if now is the time to sell… well, that’s the million-dollar question. Are you going to sell so others can buy now? Will people buy at Bitcoin’s new all-time high? Personally, and this is NOT financial advice, if you’re thinking about selling, it would make sense (as long as you entered Bitcoin below $50K)—see my shared chart. If you have some experience with Binance’s advanced trading tools, you could use a trailing stop order to try and capitalize on volatility, exiting the market at a better price. Or, personally, I prefer OCO orders. Whichever sell order you use, you’d be selling. Selling Bitcoin? This isn’t for Bitcoin MAXIs—here, we make money through trading… Bitcoin is an asset; if it’s bearing fruit, it’s time to harvest. If you don’t think it’s time to harvest yet, that’s fine… it’s your personal take, an emotional feeling… Here, I’m sharing cold ideas, far from emotions! What if it’s not the right time to sell? Objectively, I published yesterday what technical analysis could project about BTC in periods of high volatility like we’re seeing now. Plus, with Trump being pro-crypto, it could suggest that the current price range (close to $70,000) might become a “floor” for Bitcoin. However, this requires “technical confirmations”—that is, analysts need to see Bitcoin retest the floor and confirm it. I’m sharing all this without those confirmations, so we’d just be speculating on whether $70K is truly the floor. As of now, while I write this, there’s no data to confirm this… so… what’s your decision going to be? Will you sell and lock in profits… or let your investment sit, waiting for Bitcoin to keep climbing?
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Is $70,000 the last floor for Bitcoin? What does your technical analysis say about the charts? And what does history tell us during key moments like the U.S. presidential elections? Bitcoin has NEVER fallen below its price on #electionday : - 2012: $10 - 2016: $710 - 2020: $13,555 - 2024: $70,110 This might be the last time we see #Bitcoin below $70,000. $BTC #Bitcoin❗
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Will we reach $200? Solana is gaining momentum amid the Bitcoin rally tied to the U.S. elections, and data suggests that SOL’s price could hit $200. Solana's native token, SOL, started the day with a 5.3% increase, reaching just over $167. $SOL #USElectionImpact #USElections2024Countdown
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Can you imagine a traditional bank launching a crypto product? This isn’t just something out of a movie or Netflix! It’s becoming the new normal! The Swiss bank UBS has launched a tokenized fund on the Ethereum blockchain, recognizing the growing interest from investors in tokenized financial assets. In a November 1 announcement, the bank introduced its money market fund, built on Ethereum, as the "UBS USD Money Market Investment Fund Token," also known as “uMINT.” Thomas Kaegi, UBS’s co-head for APAC, explained that the company has “seen a rise in investor interest in tokenized financial assets across various asset classes.” Crypto industry analysts are optimistic and believe this initiative could have a positive effect on Ether’s price. $ETH
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Let’s do a Sunday #CryptoAMA for beginners! I’ll answer all your beginner-level questions in the comments section of this post!!! You know what to do!!! (1 question per comment so I can get to everyone!) Ps, AMA means “ask me anything” (about Binance and the cryptocurrencies listed here!). I don’t know the future, but we can project it together :)
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