Don’t Trust Trading Gurus🚨 I lost $15,000 on October 1st by following someone’s trading tips, and I paid $800 for their advice. This is the second time I’ve lost a lot of money by trusting others for trading advice. These gurus don’t care about your money. If you lose, it doesn't affect them. #AvoidScams s #LearnFromMistakes" #TradeSmart"
Binance has launched a special event called Moonbix Exclusive, which is getting a lot of attention from the crypto community. This event gives users the chance to play games and earn big rewards. It mixes the fun of gaming with the excitement of trading. Participants can win a share of 145,000,000 DOGS tokens and 15,000,000 NOT tokens. $NOT
To get the Hamster Kombat airdrop, follow these steps:
1. **Vote for Me:** Go to my profile and vote to join the rewards campaign.
2. **Have the Right Token:** - Make sure you have the correct amount of the required token in your wallet.
3. **Follow on Social Media:** - Follow Hamster on Twitter and join their Telegram channel to stay updated.
4. **Join the Hamster Community:** - Become a member of the Hamster Kombat Discord server or Telegram group.
5. **Complete All Tasks:** - Finish all the tasks you need to do to qualify for the airdrop.
💰 **Get Your Airdrop** 💰
- After you complete the tasks, wait for the airdrop to be sent. - Hamster Kombat will send the airdrop tokens directly to your wallet. - Check your wallet to see if you got the tokens.
🚨 **Stay Informed:** - Follow Hamster Kombat’s official channels for updates or changes about the airdrop.
### BTC Breaking News: Big Opportunity for Investors
Dear members,
As I predicted in my previous post, Bitcoin ($BTC) will likely drop soon. If the price goes below the $57,800 support level, you should sell short.
Here are the steps to follow:
1. **First target**: $55,318.37 2. **Second target**: $51,882.71 3. **Stop loss**: Set at $59,800.02 to limit any losses
If Bitcoin’s price keeps falling, sellers will make a good profit. This plan can be profitable if the market goes down. Start the trade if Bitcoin ($BTC) breaks the support level.
**Death Cross $BTC Rejection: What's Next for BTC?**
Bitcoin tested the Death Cross again today on the daily chart, but low trading volume caused it to be rejected. What does this mean for the market?
**What Is a Death Cross?**
A Death Cross happens when the 50-day moving average (50MA) crosses below the 200-day moving average (200MA). This is a bearish sign that often suggests prices will go down further.
Today, Bitcoin traded between 67,900 and 60,600. We expect BTC to stay in this range for a few days. If it hits a low point around 50,500, a rally might follow. During this time, altcoins (other cryptocurrencies) might not drop much, and when recovery starts, their gains could be 4 to 6 times stronger than Bitcoin's.
**Bitcoin Dominance Drops, Alts Surge!**
Today, Bitcoin went up by 1.7%, while altcoins rose by 5-10%. This pattern might happen more often. The market is very unpredictable, so manage your trades carefully. We will soon give a major update on the next move.
**Precautions:**
1. Use tight stop-losses to manage your trades. 2. Avoid using high leverage in these volatile conditions. 3. Focus on risk management.
**Altcoin Season Alert!**
If this post gets 60+ likes, we'll share a major update on the upcoming altcoin season!
Venezuela has started stopping people from accessing Binance, a big website for buying and selling cryptocurrencies. Binance told its users in Venezuela that other websites, including social media, are also having trouble being accessed.
Bitcoin has been stuck for two days, like the calm before a storm. Something big is coming. All the signals, money flows, and formations are positive. I expect Bitcoin to reach $63,000 and then $66,000.
But first, it needs to hit $63,000. After that, we'll see if it drops to $53,000 or goes up to $66,000. Reaching $63,000 is very important. We'll find out together by Monday.
Good luck, everyone!
Note: Remember the possible effects of these issues:
Negative: - The war between Russia and Ukraine is getting worse. - Iran has not retaliated yet.
Positive: - Trump and Elon Musk are going to speak. - The Federal Reserve might cut interest rates. - XRP won the court case against the SEC.
BTC HAS CROSSED $60,000. THE MARKET IS GOING GREEN AGAIN AND PEOPLE ARE EXCITED, BUT IT WON'T LAST FOR 10 DAYS.
This is how you know if the market is healthy or sick. If the market can't stay in a certain price range (+/-$10,000) for at least 10 days, then it is a very sick market.
We've seen BTC climb upwards and it has crossed $60,000 after falling back to $49,000 a few days ago. This rise in price is fake or deceptive because there is no structure supporting it.
Usually, this kind of rise happens when large amounts of money move through the crypto community temporarily. These funds are not here to stay; they're just passing by.
The strategy being used here is the "fish hook and bait" strategy. Big players (whales) put in huge amounts of money to make the market look good and turn green, especially when they are about to send proposals to billionaires to invest in the market. A proposal was sent a few days ago to a few of the Forbes list's top 10 richest people, urging them to invest in the crypto system.
So, the green you're seeing in the market right now is just bait that big whales in the crypto industry use to attract big investors from other industries. Once these investors bring in their money, the market cap increases, the big whales make more money, and then they pull out. The small investors who were hoping for profit lose everything and go home empty-handed, while the big investors who just came in find their funds stuck because they will be at a loss after the crypto big whales pull out. They're stuck and can't take their money out without facing massive losses.
This is a simple tactic that crypto big whales use to scam the big players in other industries.
This is why the market is green right now, and it won't last the next 10 days because the big whales are about to seal a deal that will bring in over $500 million. Once that deal is sealed, they'll pull out their profit, and we will go back to $45,000 - $48,000 BTC.
Ripple starts testing a new stablecoin called RLUSD on the XRP Ledger and Ethereum network. A VanEck executive says Solana ETFs in the US are certain to happen after getting approval in Brazil.
Russian President Vladimir Putin has signed a new law about cryptocurrencies. This law, which was recently approved by parliament, regulates cryptocurrency trading and mining.
The law sets rules for how cryptocurrencies can be traded and mined. Russian companies and individual business owners listed in the Ministry of Digital Development's registry can mine cryptocurrencies. Regular Russian citizens can also mine cryptocurrencies without registering as long as they don't use more energy than the state allows.
People will be able to buy and sell cryptocurrencies on Russian blockchain platforms. Cryptocurrencies can also be used for international payments on a trial basis.
The law will become effective 10 days after it is officially published. Most rules about mining will start on November 1, 2024.
A judge decided that trading XRP on crypto exchanges is not the same as selling securities. Ripple won part of the case. Ripple must pay a $125 million fine due to a lawsuit with the SEC and is banned from breaking securities laws in the future. Binance will add Toncoin (TON) to its listings.
If you want to avoid losing money in cryptocurrency, take a screenshot or share this message with others—it will be important one day!
Here’s a task for you all:
🚨 When are the Federal Reserve Interest Rate Decision Meetings in 2024? Research this, find the dates, and set an alarm on your phone or computer for one week before each meeting!
🚨 The next FED interest rate decisions are on July 30-31! For example, I’ve set an alarm for July 24. On that day, I’ll check the global market. If the market looks good, I won’t change my investments. But if the market looks bad, I’ll convert my assets to USDT on July 24.
🚨 Have you ever seen an analyst, economist, or chartist share advice like this? I haven’t.
🚨 They usually want you to buy so they can make money. They care about their own profits.
🚨 This process happens every 4 years, except in unusual situations like war or assassination.
🚨 I don’t know what will happen on September 17-18. We’ll have to wait and see.
🚨 The most important part: When will the MEGA BULL market start? Friends, the US GENERAL ELECTIONS are on NOVEMBER 5! If crypto supporter TRUMP wins, the FED INTEREST DECISION will likely be announced on NOVEMBER 6-7! After these dates, I think Bitcoin will rise to $125K.
🔥 Free Free Free BNB! Don't Miss This Amazing Opportunity! 🔥 🚀 Here's what you need to do: 1. Like this post 👍 2. Share it 🔄 3. Check the first post for instructions 📋 ✨ Earn BNB in just a few clicks! 💰 ✨Don't wait—act now and start earning! 🫂Remember: A lot of hard work goes into providing you with the best investment articles. Your generous tips empower our mission and help us work even harder to give you the best investment advice.
Binance has said that more than 200 million people now use its platform. This shows that Binance is becoming more popular and widely used by people around the world who are interested in cryptocurrency.#Binance200M $BTC
Nothing is going to happen right now. I know many of you are trying to recover losses from yesterday by trading now, but that is a mistake.
First of all, what happened yesterday was not a crash. Buying now is not buying the dip, and the market could still fall more, a lot more.
This is not about spreading fear or doubt.
Next week, on Wednesday, the Crypto price direction will be determined after the CPI data and FOMC press conference.
The jobs and earnings data from yesterday was bad for crypto because it suggests interest rates could stay higher for longer, and an interest rate increase is still possible. Although it's unlikely, it would be terrible for Crypto.
For those who don’t understand, higher interest rates are bad for crypto because borrowing money becomes more expensive, and saving money becomes more rewarding.
Higher interest rates mean less borrowing and more saving. Lower interest rates mean more money going into "risk on" Crypto.
It’s frustrating but true. None of us have the money to move the market. The people and funds who do are waiting or trying to predict what happens on Wednesday.
No big moves are going to happen now, especially after yesterday.
Don't lose money trying to guess the market now. Everything you lose now is money you could use for future profitable trading conditions.
### Why the Market is Down: US Jobs Report Causes Big Bitcoin Drop, Erases $500 Million in Open Interest
The latest US jobs report had a big impact on the cryptocurrency market, causing over $500 million in Bitcoin investments to be wiped out.
The US Bureau of Labor Statistics shared mixed news for May. On one hand, they reported 272,000 new jobs. On the other hand, unemployment went up to 4.0%, the highest since January 2022. People worked the same number of hours per week on average, and hourly wages went up by 0.4% in May, which is a 4.1% increase from last year.
The private sector hired a bit more than 200,000 people per month over the last few months, compared to 155,000 at the end of last year. The total payroll for private-sector workers grew by 5.4% over the past year, down from the previous range of 6%-6.5%, matching 2018's highs.
After this report, Bitcoin’s price fell by 2%, from $72,144 to $70,668, leading to many investors losing money. IT Tech stated, "Over $500 million of Bitcoin open interest was wiped out within minutes. Both short and long positions were liquidated."
The mixed signals from the job report caused significant market changes. More hiring suggests a strong economy, but higher unemployment and steady work hours point to weaknesses.
Charles Edwards, founder of Capriole Investments, noted, "Unemployment is at its highest since COVID, and markets reacted sharply. Often, the first reaction to these announcements is wrong. We'll see. But it seems like unemployment has bottomed out, suggesting US liquidity will need to increase soon. Rate cuts are likely."
Based on the latest jobs report, Bitcoin and other digital assets are expected to remain unstable. Be cautious. If you are a long-term holder, it might be best to stick to your strategy and not panic.
**Turkey Won't Tax Crypto and Stock Gains to Encourage Investment**
Turkey's Finance Minister, Mehmet Simsek, announced that there will be no taxes on profits from stocks and cryptocurrencies. This decision aims to increase investment and market growth by reducing the tax burden.
There is talk about a small transaction tax on these assets, but details are not clear yet. Simsek stressed the importance of a balanced tax system to keep the market healthy. Mehmet Gerz from Ata Portfoy warned that even a small tax might cause problems and discourage trading.
Turkey is finalizing rules for cryptocurrencies to improve security and meet international standards. The new rules will include licensing for crypto platforms, managed by the Capital Markets Board (CMB), and set requirements for safer trading.
Industry reactions have been cautiously positive. Mucahit Donmez from Binance Turkey thinks the regulations will protect users and provide clear guidelines. Turkey aims to become a digital finance hub by attracting investors and businesses with clear rules and tax exemptions, boosting economic strength and technological progress.
Conoce las noticias más recientes del sector
⚡️ Participa en los últimos debates del mundo cripto