The past week $BTC has been jojo-ing between 60k and 63.5k. I am less bearish for bitcoin than a week ago, but still prudent. I may start buying moderate volumes again if I see some upward movement when the US markets open. Sentiments on traditional global marlets are expected to be rather flat this week. good luck to you all. Happy trading!

#Bitcoinblockchain #Btcpricealert #Write2Earn

Is there is a 'Best' Time to Trade $BTC or other cryptocurrencies?

The short answer: Yes, during US market opening hours.

More info based on market data:

Unlike traditional markets, cryptocurrency markets remain open 24/7, even during public holidays.

The global and ceaseless nature of cryptocurrency trading poses some challenges for traders like finding the best time to trade.

Finding the right hours to conduct trades is not just a challenge for spot traders, but also for investors in decentralized finance (DeFi) tokens.

The history:

Crypto trading had fairly straightforward patterns before its mainstream adoption began in earnest in mid-2020. Western institutions avoided crypto at all costs, and trading, along with other crypto activities like mining, was concentrated in Asia.

But those patterns changed.

However, as institutional adoption brought more trading volume to the Western hemisphere, the timing has changed. Now, the best time to trade is usually during market hours of stocks in the U.S., which is 9:30 a.m. to 4:00 p.m. EST.

Bitcoin $BTC spot volume tends to peak during U.S. stock market hours, especially at the opening bell.

About weekend trading.

Trading crypto on weekends can be risky due to limited liquidity in the market. With traditional financial institutions closed, there are fewer participants, leading to increased volatility and wider bid-ask spreads. These unfavorable trading conditions can result in significant losses.

About the time of the year.

Similar to stocks, cryptocurrencies tend to see low trading volume during the summer, as many traders go on vacation and are not focused on trading. Crypto tends to see the most gains during the spring and fall months. 

Understanding some of the market trends allows you to better understand the market and make better trading decisions.

I wish you all good trading timings and a bit of luck as well :)

#write2earn🌐 #BTCTrading #strategy #tradingtechnique #TimingIsKey

interesting: the past 24 hrs we had an outflow of 500 million USD in $BTC versus an inflow of 25 million in $SOL

miners will soon be losing money, solana $SOL is gonna be the new $BTC :)

where are the $BTC bulls today? 🤔

Raoul Pal spoke out and focused mainly on Bitcoin $BTC Ether $ETH and Solana $SOL when giving us his view on the movement of these cryptos this summer and further into 2025.

Pal identified a banana zone pattern in the charts of both Sol and BTC, which he interprets as a bullish flag formation.

Pal believes that Solana will accelerate its outperformance against both BTC and ETH.

Pal warns investors against using excessive leverage, forecasting a few significant corrections during the euphoria.

His advice to investors is to maintain a balanced approach above all and not to jump into every meme hype.

full article on binance news

#solbullish #BTCbullish #BullorBear" #Write2Earn #ethbtc

Bitcoin $BTC continues to drop. CryptoPotato suggests that this is a correction that could potentially push prices back to the $50K range before going up again. Bitcoin is currently in correction mode. A correction is to be expected after half a year of steep ups.

Other factors such as war, recession fears, inflation, and reduced ETF buying all contribute to the bear sentiment. Layers of support are at $60K, $56K, and $52K, each one becoming more likely if the one above it is broken.

My views on the market are in line with CryptoPotato analyst views.

I am just sharing my views on the market and I don't intend to give trading advice whatsoever. What you do with your money is entirely up to you. Always do your own research.

#btc #bitcoin #BTCBearish #BTCbitcoin #Write2earn

Q1 results in China show that the economic engine that is running at a lower rpm than expected:

#GlobalEconomics #write2earn🌐💹 #ChinaEconomy #BTCBearish

BEIJING, April 27 (Reuters) - China's industrial profits fell in March and slowed gains for the quarter compared to the first two months, official data showed on Saturday, raising doubts about the strength of a recovery for the world's second-biggest economy.

Cumulative profits of China's industrial firms rose 4.3% to 1.5 trillion yuan ($207.0 billion) in the first quarter from a year earlier, National Bureau of Statistics (NBS) data showed, slower than a 10.2% rise in the first two months.

source: Reuters: https://www.reuters.com/world/china/chinas-first-quarter-industrial-profits-rise-slower-pace-2024-04-27/

The latest data suggests that China’s underlying demand remains weak and that the economy is likely being boosted by government-subsidized investment in new technologies. Meanwhile, Chinese prices are flirting with deflation, producer prices are falling, inbound foreign investment has weakened, and households are increasing savings to offset the loss of wealth due to declining property prices.

Source and full article: Deloitte: https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html

$BTC bulls have been pulling back since April 19th.

A recent Bloomberg News article suggests that optimistic Bitcoin traders are dialing back their bets on the leading cryptocurrency as two significant driving forces – robust inflows into U.S. spot Bitcoin ETFs and the hype surrounding the Bitcoin halving event – lose steam.

As reported by Bloomberg, the Bitcoin funding rate, which represents the premium traders pay to open new long positions in the perpetual futures market, dipped into negative territory on April 19, marking the first such occurrence since October 2023. This shift implies a cooling of demand for Bitcoin following a period of all-time highs propelled by the launch of ten US-listed spot Bitcoin ETFs on January 11.

Source: Coinalyze

Hey! Has anyone seen the $BTC Bulls today?

Quote

" ... bulls have long been an important symbol in many religions, including for SACRIFICES. These animals play a significant role in BEEF ranching ...

... the female counterpart to a bull is a cow, while a male of the species that has been CASTRATED is a steer, ox, or bullock, although in North America, this last term refers to a young bull ..."

source wikipedia

maybe they all turned into cows overnight?
or worse,... sheep 🤭

My view, btc is going to the 61k to 57k level in the short term and possibly even further down. in the long run we may see 75k to 80k but not before the end of summer.

just sharing my view, this is not intended as investment advice. always do your own research.

Btw did you see that alphabet (google parent company) shot up 10% yesterday? In one day the company added 200 billion usd to its value. Hats off to that! They were the real bulls yesterday I guess 🦬

#Write2Earn #btc #BitcoinTrends #bullorbear

1st ever market manipulation conviction in cryptocurrency:

Avraham Eisenberg was found guilty by a jury on all three charges of fraud and market manipulation in a $110 million scheme on the Mango Markets platform.

Eisenberg engaged in trades that artificially inflated the value of Mango Markets' native token, MNGO

This was the first conviction for market manipulation in the crypto arena.

Eisenberg now faces up to 20 years in prison.

FULL ARTICLE: https://www.investopedia.com/cryptocurrency-market-news-transaction-fees-spike-bitcoin-halving-8636756

#Write2Earn #cryptofraud #MarketManipulation #conviction

The number of the beast! $BTC at 66,666 usd. The devil is at our doorstep 🤑 #Write2Earn #bitcoinuptrend

A lesson from Vietnam: Do not trust your banker

First a bit of context:

As the USA and China are not exactly close buddies lately, we see investors shifting some of their money and industrial supply chains towards Vietnam, away from its big brother in the North.

But their new playground may not seem as stable as they thought though...

Why I hear you ask?

Well, in general, Vietnam's banks already suffer from very low public confidence and they also have high levels of non-performing loans. There is also a total lack of international auditing.

On top of that rather dark banking picture, we witnessed property developer Truong My Lan being sentenced to death recently for her role in Vietnam’s biggest-ever fraud case.

As a result of her financial fraud (ongoing for years), the State Bank of Vietnam (their central bank) had to initiate a rescue operation and inject 24 billion USD of 'special loans' into the infected bank Saigon Joint Stock Commercial Bank (SCB) to keep her afloat.

According to the prosecutors, the total damages caused by the scam amounted to 27 billion USD by the way...

To put things into perspective, that is about 6% of the GDP of Vietnam, a country of about 100 million people.

Or how about this comparison? That is the kind of money that major governments on average spent rescuing lenders during the global financial crisis...

So what do we learn from this?

Never trust your banker :)

Some cool facts about the trial:

Documents related to the trial were kept in 105 boxes and weighed 6 tonnes.
More than 1,000 properties belonging to Lan have been seized.
Nearly 2,700 individuals were summoned for the trial, which included 200 lawyers.

#nevertrustyourbank #vietnam #Write2Earn #banks #Scams

Be careful with buying $BTC today. As you have noticed there is a slight up movement. right now $BTC is hovering around 66k, but the trading volumes are very very low. my guess is that the whales are waiting for another peak between 69k and 71k to take more profit. institutional buyers will not move in before Bitcoin hits another low around 50k

I have put a sell order to sell 20% $BTC at 66.5k. I prefer to make some funds available to buy again at a lower price.

I am just sharing my views on the market and I don't intend to give trading advice whatsoever. What you do with your money is entirely up to you. Always do your own research.

The halving of Bitcoin btc is in sight and we see a de-escalation of the tensions in the Middle-East (both Israel and Iran are not eager to start a full scale war it seems). I no longer expect Bitcoin to lose much value in the weeks to come. In fact we see already a slight upward movement today. #btc #bitcoinhalving #israeliran #middleeast #Write2Earn

Do not rush into buying after the bitcoin halving event, history shows us it takes time for the price of bitcoin to go up. In fact BTC might go down quite a bit more in the next few days. Also keep half an eye out for what Israel (in relation to the retaliation by Iran) might do in the next few days. This may also push the financial and stock markets down. #Write2Earn #israeliran #middleeastconflict #middleeast #middleeastcrisis

How previous Bitcoin halvings unfolded (full article)

"... The next halving event, expected to occur in the third week of April, is drawing close, and it is instructive to look at historical data."

"... Bitcoin halvings have historically produced powerful effects on the crypto industry and broader financial ecosystem. Through the lens of history, tracing back through halving events in 2012, 2016, and 2020, we can observe certain recurring patterns in how halvings affect the world of crypto."

"... As supply diminishes and demand increases over time, the stage is set, at least theoretically, for upward price movement, which often comes to fruition gradually, within the following several months rather than immediately."

" Historically, bitcoin has experienced notable price increases within the 5-6 months following each halving event. For example, 150 days following the previous three halvings in 2012, 2016, and 2020, BTC prices have increased by 999%, 15%, and 24%, respectively."

" The next Bitcoin halving in April is set to take place against an unprecedented backdrop of robust inflows back into the industry and centralized exchanges like Binance, along with burgeoning institutional engagement facilitated by the approval of spot BTC ETFs in the US. "

Add to that a surge in layer-2 solutions and DeFi activity, which augment the network’s practical utility, and the setup begins to look remarkably favorable for the Bitcoin ecosystem and the wider crypto space.

However, it's still important to remember that while the context surrounding the 2024 halving is auspicious, there are no guarantees that its dynamics and effects will mirror those of previous halving events. "

#btchalving " data-hashtag="#btchalving" class="tag">#btchalving #btc #halving #bitcoinhalving

Disclaimer: Digital assets are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested.

#write2earn

Low market cap and only 10 % in circulation:
BETTER STAY AWAY FROM #omni (for now)

Omni Network
Ranking No. 230
Market Capitalization $260.13M
Circulating Supply 10,391,492 OMNI (only 10%)
Maximum Supply 100,000,000 OMNI
Total 100,000,000 OMNI
Historical High $54.23642590553545
Historical Low $23.295257786003795
#omni

#write2earn

How gaming and blockchain find each other

Interesting Binance read on the combo of games and blockchain tech
Gaming industry revenue to reach 300B usd in 2026 #blockchaingames #GamingCrypto

#write2earn