The prospect of a spot Bitcoin BTCUSD exchange-traded fund (ETF) being approved soon in the United States has increased demand for the major cryptocurrency, leading to a surge in transaction fees.
The Bitcoin blockchain reached $11.6 million in fees paid on Nov. 16 according to statistics from CryptoFees.
At the time of writing, YCharts data shows that the average transaction fee is $18.69, up 113% from the previous day and 746% from the year ago level.
If this is true, then it means that small crypto traders need to be careful which brokers they use.
PRO TIP 🔥: In such scenarios take advantage of Binance's 0% maker fees (meaning if you place Limit orders instead of market orders) on selected pairs such as FDUSD/BTC, etc.
Cryptoverse might be shiny on the outside but it is dark on the inside. Stay safe out there fellas.
Bitcoin (BTC) Price Might Reach $141,000 in One Year: Model by CoinShares
In recent research, digital asset manager CoinShares attempted to predict how the inflow of capital into Bitcoin-based exchange-traded funds (ETFs) in the United States might affect BTC price dynamics.
Bitcoin might rocket to $265,000 post-ETF: Model by CoinShares
The Bitcoin price might surge over $141,000 in the first 12 months upon the approval of Bitcoin Spot ETFs in the United States. This calculation is based on the Fund Flows Model published by CoinShares' Head of Research James Butte
In the cryptoverse, it's not just about knowing; it's about putting that knowledge into play.
Let's dive deep into why taking action is your golden ticket to success! 💡
Seize Opportunities! 💰 Crypto waits for no one. It's about recognizing a potential trade and seizing the moment. Waiting can mean missed chances. Timing is crucial in this fast-paced world. ⏰💸
Learn by Doing! 📚👨💼 Theory is essential, but application is where the magic happens. Take small steps, make trades, learn from wins AND losses. Experience is the best teacher. Get your hands dirty in the market! 📈💡
Overcome Analysis Paralysis! 🤔💡 Overthinking can be crippling. Sometimes, you've got to act based on your analysis. Trust your judgment, take calculated risks, and execute. Don't get stuck in endless analysis! 🚀📊 Adapt and Evolve! 🔄🌟
Markets change, strategies evolve. Taking action means adapting to market shifts. What worked yesterday might not today. Be flexible, adjust, and keep growing in response to market dynamics! 📈🌐
Manage Your Moves! 💼💡 Taking action doesn't mean being reckless. Manage your risks, set stop-loss orders, and have an exit strategy. Smart moves help protect your gains and minimize losses. 🛡️💰
Remember, in the crypto arena, taking action is the engine that drives success. It's not just about knowing what to do; it's about doing it! Start implementing, start learning, and watch your crypto journey skyrocket! 🚀🌟
In the wild world of crypto trading, there's one fundamental habit that's a game-changer: Discipline. 🚀 It's not just about buying low and selling high; it's about mastering control, patience, and consistency.
Let's dive deeper 💪
1. Stick to Your Plan 📝: Have a strategy and stick to it! Discipline means following your trading plan rigorously, no matter the market hype or fear. It's about resisting FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, Doubt). ⚔️
It's about strategy, planning, and sticking to your game plan when the market throws curveballs. 🎯
2. Emotions in Check 🧘♂️: Trading can be an emotional rollercoaster. Discipline means keeping emotions at bay. Don't let excitement or panic dictate your decisions. Trade based on analysis, not emotions. 🚫😡
Think of it this way: discipline is your trading GPS, keeping you on track when emotions flare up. It's the foundation that turns impulsiveness into calculated moves. ⚡
3. Risk Management 🎯: Never overlook this! Discipline involves managing risks wisely. Only risk what you can afford to lose and set stop-loss orders to safeguard your investments. Protecting capital is crucial. 💰
4. Learn and Evolve 📚: Stay hungry for knowledge. Discipline in trading means a commitment to continuous learning. Adapt, evolve, and refine your strategies based on experience and new information. 🌟
Remember, discipline isn't just a trait; it's a habit to cultivate DAILY. It separates successful traders from impulsive gamblers. Start practicing discipline, and watch your trading journey soar! 🌐💸
🔥Impact of Spot #Bitcoin ETF approval on price action 🔥
Here's the deal: I foresee a quick spike and then a significant dip post-approval. It's likely a classic 'sell the news' scenario.
But don't fret! As we approach the trading date, we might see a climb back up. The real bullish vibes kick in when the ETFs start trading. Here's the scoop on how they acquire Bitcoin:
Contrary to popular belief, ETFs don't need to buy Bitcoin beforehand. The process is straightforward. Once trading begins, the fund gets cash, which heads to its chosen exchange—like Coinbase in this case.
Coinbase then buys Bitcoin and transfers it to the custody accounts. Any sell orders? Coinbase handles those too.
This cycle happens daily, so no pre-buying necessary. While there might be retail anticipation, I anticipate institutional shorts to outweigh this until the real capital flow starts.
The true price assessment? It's more of a waiting game. Let's talk 3, 6, and 12 months post-ETF approval.
My take might seem bearish in the short term, but long-term, I'm bullish on the Bitcoin ETF for the next decade. Remember, short-term market moves are just that—games.
Writing this to prep you: don't panic if the price takes a dip post-approval, especially if you're expecting an immediate surge. Stay cool! 📉🚀
Interesting observation: When news broke about the BlackRock Ethereum ETF filing, everyone cheered without a hint of doubt.
But when BlackRock files for an XRP trust, suddenly, the entire community seems to develop nosebleeds, labeling it as fake news (some even claim to have insider info from anonymous BlackRock sources, which is amusing).
There's a noticeable bias against XRP in this space, perhaps driven by fear. Fear of its potential to outperform its competition.
You all clearly remember how on 9th November i published a post warning about a WHALE dump slapping the market hard in the face and sending it in Bears territory 🐻💔
A lot of my good colleagues who were on the battlefield [our group slang for playing the market] got shot to pieces cuz they were playing it LONG with their SLs despite my warnings ❗☢️
Truth be told, I love my fellows who've been with me for a long time. They're some of the best guys out there. But playing LONG despite my warning? C'mon, that's a risky move. 🚨💣
But hey, we learn from our @$$h0le moments, right? 🤷♂️📚
For those doubting Thomases saying I was wrong – behold! 🎥 I'm posting the video I took on the 9th to warn my colleagues, sounding the alarm. Now tell me, were my warnings BASELESS? 🤨🚫
And to my loyal followers, here's a truth bomb – if you can't trust me, hit that unfollow button pronto! ⛔️✌️ I didn't get here by being wrong. 💰💪 In this cryptoverse filled with sc@mmers, a gang that trusts each other is what we need.
Let's dive into a another gem of crypto trading - Market Sentiment. 🤔📊
Why does it matter?
1. Emotions Rule the Game: 🚨💔 Crypto markets are driven by emotions – fear, greed, excitement. Knowing how to read and gauge market sentiment can give you a significant edge.
2. Spotting Trends Early: 📉📈 Recognizing shifts in sentiment helps you anticipate market trends before they become mainstream. It's like having a crystal ball for the crypto world! 🔮✨
3. Contrarian Opportunities: 🔄🌪️ Sometimes, going against the crowd can be profitable. Understanding when the majority is overly optimistic or pessimistic can guide you in making contrarian moves.
4. News Impact: 🗞️💥 Market sentiment often sways with news. Being aware of upcoming events and their potential impact on sentiment is crucial for making informed decisions.
How to Master It:
1. Social Media Insights:📱👥 Monitor crypto communities, forums, and Twitter. The chatter can reveal prevailing sentiments.
2. News Analysis: 📰🔍 Stay informed about industry news. Positive developments can boost sentiment, while negative news can trigger selloffs.
3. Technical Analysis: 📊🔢 Combine sentiment analysis with technical indicators. The synergy can provide a comprehensive view of the market mood.
4. Sentiment Indicators: 🌡️📉 Some platforms offer sentiment indicators. These tools aggregate data to reflect the overall mood of traders.
Remember, mastering market sentiment is an ongoing process. Stay curious, keep learning, and let the crypto waves carry you to success! 🌊💰
A mysterious whale just shook up the market by selling a massive amount of Bitcoin 📉💸. According to Lookonchain data, this crypto ninja seamlessly converted BTC to Wrapped Bitcoin (WBTC), unloading a whopping 411 WBTC—equivalent to a jaw-dropping $15.2 million. 🌊
Wait, there's more! 📊 Currently, the whale's wallet is still swimming with 155 WBTC, valued at around $5.74 million. Bulls and bears are in a fierce battle in the crypto arena, with 111 bullish addresses and 114 bearish addresses duking it out. 🐃🐻
Notable activity in the last 24 hours includes a whopping 12,430 large transactions, totaling 589,590 BTC or approximately $21.81 billion in USD! 📈💰
How's Bitcoin holding up?
As of now, BTC is treading water at $37,029.96, with a slight 0.3% increase. 🚢💹 The crypto giant's market cap is a staggering $723.6 billion, with a 24-hour trading volume around $12 billion. 🌐💼
Hold on tight! The impending decision on Bitcoin ETFs by the SEC is around the corner, set for November 17. 🗓️🔍
Analysts predict a potential green light for multiple Bitcoin ETFs simultaneously—could this be a game-changer for the crypto space? Stay tuned for more 🎢🚀
In a previous post, we talked about Whale Actions and how to ride them 🐋💸
On 9th November, there was a WHALE drop, and the market got face-planted by a bully goat ⛔📉🐐
Even seasoned traders entered a manual SL (Stop Loss) long on BIGTIME right before the drop and got their entire accounts liquidated by it 😱💸
I had a hard SL that saved me [SEE PICS BELOW] 📸
The downside of a whale drop is you don’t know what tf is happening anymore. All of your analytics you look at just get tossed. What is support/resistance and RSI and MACD and literally any information when the market gets drunk?? 🤷♂️📉
Some say that crypto would be so beautiful if whales never dumped, but then where’s the FUN??? 🚀😎
This is one of the beauties of crypto. More risk, more profit. Better trade in normal stocks if you don’t wanna be fked up by whale dumps💣
🔞Pro-Tip Advice: Get lucky by having a massive short TP at the same time that WHALES dump their net value into BTC and PRINT 📈💰 🔞
Next Insider Advice at 50 followers. Stay tuned for more Tips and tricks! 🏆🔥
Let's talk about the not-so-secret weapon for all the newbies - TRADING SIMULATORS! 🔄💣
I get it, the word 'simulator' is BoRiNg, but trust me on this one. Especially if you’re a new trader, USE a trading simulator. When I first started, I went straight into a live account, which is an absolutely terrible idea.
Using a simulator is like having a superpower in your arsenal. 💪🎮🔥
Here's the lowdown:
Avoid the Money Pit: 💸🚫 If there is a to-do list for new traders. Step 1 is LOSE MONEY.
It’s almost guaranteed.
If you’re a new trader, you’re probably going to lose a fvckton of money. So, you might as well save that money (or give it to me hehe), practice first, until you’re confident in your trading ability. Then and only then use real money.
Trust me, you’ll thank me later.
Fake It 'til You Make It: 🕵️♂️💼 Trade simulator money like it's the real deal. Mimic the amounts you'd use in a live account. It's not as easy as it sounds, but it's a game-changer.
Ready, Set, Real: 🚦💡 Only dive into a live account when you've conquered the simulator world. Master your strategy, control those emotions, and understand risk management like a pro. A lot of new traders move through this phase way too fast and end up losing a ton of money they shouldn’t have. Only move forward when you are truly ready.
Remember: DON'T RUSH IT! 🚫⏳ Moving too fast in the trading world can lead to unnecessary losses. Take your time, learn the ropes, and only step into the live arena when you're truly ready. Your wallet will thank you! 💼🌐
Ever wondered about those mysterious market shifts that seem to rock the entire crypto sea? 🤔📈 Brace yourselves, we're diving into the world of Whale Actions! 🐋💰
1. Who Are the Whales? 🤿 In the crypto realm, whales are mega-wealthy traders or entities with substantial holdings. 🐋 Their moves in the market have a ripple effect, creating waves that smaller fish (that's us!) need to navigate.
2. The Whale's Tale: Pumps and Dumps 🚀📉 Whales are notorious for initiating massive buying (pumps) or selling (dumps) activities. 🌊 This can lead to significant price fluctuations, catching less-experienced traders off guard. Timing is everything in these waters!
3. Reading the Waves: Order Book Manipulation 📚🤿 Whales often manipulate the order books by placing large buy or sell orders to create a false sense of market direction. 🔄 This strategy, known as spoofing, can lure traders into making decisions based on fake signals.
4. Follow the Big Fins: Social Signals 👀📢 Keep an eye on social media and crypto forums. Whales sometimes drop hints about their moves, and monitoring these channels can provide valuable insights into potential market shifts.
Dive deep, stay vigilant, and ride the waves wisely, fellow crypto sailors! 🐋🚀 #CryptoWhales #MarketInsights #CryptoSailors#btc #CryptoTradingTip #ETH #etf ⚓🌐
Ever wondered what separates successful traders from the rest? 🤔 It's not just about predicting market moves; it's about the art of reflection and learning from every trade. 📊✨
Introducing the game-changer: The Trading Journal! 📓💡
1. 📝 Documenting Your Journey: Keeping a trading journal is like creating a roadmap for your crypto adventures. 🗺️✍️ Jot down your entry and exit points, reasons for the trade, and market conditions. 📈 The more detailed, the bett
Let's talk about a game-changer in the crypto world: **Risk Management.** 🛡️💰
In the fast-paced realm of crypto trading, it's easy to get caught up in the excitement of potential gains. 📈 But, here's the golden rule: **only invest what you can afford to lose.** 💸
Crypto markets are notorious for their volatility, and prices can swing like a rollercoaster. 🎢 Having a solid risk management strategy is your shield against the unpredictable. 🛡️
Here are some key principles:
1. **Diversify Your Portfolio:** 🔄 Don't put all your eggs in one basket. Spread your investments across different cryptocurrencies to minimize risk.
2. **Set Stop-Loss Orders:** 🛑 Set clear points at which your assets will automatically be sold to limit potential losses. It's like a safety net for your investments.
3. **Stay Informed:** 📰 Knowledge is power. Stay updated on market trends, news, and developments. This helps you make informed decisions and navigate the waves.
4. **Start Small, Learn Big:** 🌱 Begin with a small investment to understand the market dynamics. As you gain experience, you can adjust your strategies accordingly.
5. **Embrace Patience:** ⌛ Rome wasn't built in a day, and neither is a crypto fortune. Be patient, stick to your strategy, and don't succumb to FOMO (Fear of Missing Out).
Remember, successful crypto trading is a marathon, not a sprint. 🏃♂️💪