#Bitcoin broke down from this short term bearish rising wedge, technically the break down target should have been around the local lows of $49k but the buyers are BACK!
After a bearish stock market crash, after the biggest #Nikkei crash in history... we have lots of buying pressure in both #stockmarkets and the #crypto market.
$BTC hit $49k only five days ago and is up 28% already since then. And now we are already looking at a short term target of $63,800. We just witnessed a healthy market flash crash, that's all...
The stock market crash that we've seen over the last few days decided to take the #crypto market with it.
$BTC fell into a huge amount of buying volume around the trend and support line and saw a 17% bounce back up into the consolidating channel. With things cooling off and worldwide markets recovering. We could be looking at a Covid crash #2 where we saw a huge bull run begin from this flash crash.
Most will have seen the red over the past 24 hours or so and most will panic.
With huge amounts of selling happening in the stock markets, the #crypto market has also been heavily affected.
$BTC is trading here in this channel and is so far respecting it well. It has also just hit the $52k support area which is the price that we’ve been watching for the past few weeks.
It’s not a bad idea to add to your bags at these prices as this could be a strong floor. We shall be monitoring the entire market over the next few days to bring further updates.
$BTC has just seen another monthly candle close above the previous bull run highs in 2021.
We can't help but notice these wick reversals that continue occurring. These large wicks are showing buy/sell pressure which tend to indicate the next direction. With $BTC consolidating at these levels and the large wick below the previous monthly candle, we are seeing signs of another break to the upside very soon. #Bitcoin is currently only 14% away from ATH which can be eaten up within a single day. We have way too much buying pressure on our side, everything is pointing towards a bullish 12-18 months for the entire #crypto space. #DonaldTrump will take over come November time to push the whole market upwards. Things are only just getting warmed up. Sit back, relax, accumulate, DCA, #HODL.
We saw a nice wick and strong candle close above our green line which pushed it straight up into our green circle. We’ve just had a strong daily close! Looking good here, keeping a close eye on this for the next moves.
$BTC couldn't quite break above the $68,500 level. Currently bouncing from $63,800 which is right on the apex where we got the original break up from the triangle. We need to hold this level and reclaim back to $65,500 before looking for the next move. Any drop lower than here and panic sellers will most likely give us some better prices to accumulate.
It broke out and reached our resistance level pretty quickly and as expected is taking a rest around the $67k area. Looking for some consolidation around here before a break. If it breaks to the upside, we'll be heading towards #ATH !
If you follow @fomoguru on Twitter, you will have seen our post on $MIGGLES yesterday. It was at $16 million market cap on our first post and now at $60 million.
The questions that everyone asks themselves…. ‘’Which Alt coin should I buy??? There are too many to choose from’’ ‘’Ahhhh!!! Forget it, I’ll just buy Bitcoin, it’s easier and less headache’’
I’ve been asked this question way too many times and watched how people respond to the market first class and realized that the biggest problem is LAZINESS!
As retail investors, let's say you buy $1000 worth of $BTC and it hits $210,000 from today's price, that will bring a 200% profit (2 x) which means you will make $2000 profit. What can you do with $2000??? Let's say you buy $1000 worth of Alt coins that have a potential return of 2000% - 10,000% (20 - 100 X) which means you will make $20,000 - $100,000 profit. What can you do with $20,000 - $100,000??? YES, there are always different levels of risk but… Is it worth risking $1000 to make $2000? My answer is NO… Is it worth risking $1000 to make $100,000? My answer is YES…
BTC has already hit ATH and gobbled up a bunch of liquidity holding around 50% of the entire crypto market cap. It needs HUUUUUGE amounts of money to grow, Alt coins only need a tiny fraction of that to grow even more. To make money in cryptocurrency, you need knowledge and understanding of how the market works in order to benefit and hit your personal targets. When everyone is in loss, you will be head over heels in profit.
REMEMBER: 1.STOP BEING LAZY! 2. DO SOME SIMPLE MARKET RESEARCH! 3. LEARN HOW TO CREATE AND USE WALLETS! 4. BUY LOW, HODL AND TAKE PROFITS! 5. ALTS ARE MORE PROFITABLE THAN BITCOIN!
#Inflation in the US has plummeted to a surprising 3%, defying all expectations and sending shockwaves through the financial markets. This remarkable drop is a testament to the resilience and strength of the #USA economy. 💪🇺🇸
The Federal Reserve's proactive measures and the robust recovery from the pandemic have played a pivotal role in curbing inflation. Lower energy prices, increased productivity, and a shift towards a more stable global supply chain have all contributed to this historic decline. 📈🚀
What does this mean for you? Lower inflation means your hard-earned money goes further, allowing you to save more and enjoy a higher standard of living. 💰💸
But, as always, the future remains uncertain. Keep a close eye on the Federal Reserve's monetary policy decisions and global economic developments. 🌍👀
I will continue to post this chart until we have a #Bitcoin dominance break to the downside, this is looking extremely bearish, which means extremely bullish for #altcoins . It will happen sooner than you think. Most will #FOMO later. #mememcoinseason2024 💎 🤲
3 Coins That Will Fly When Bitcoin Rises Above $70,000 Again 🚀
$SHIB $BONK $BOME
These coins have already risen dramatically. With this current decline, they are medium risk tokens to accumulate. With more and more investors getting onboard, my goals are very high. After #Bitcoin breaks the next ATH, these three have an easy 10x potential in the short term.
Arthur Hayes, the founder of BitMEX, stated in an interview that a #Dogecoin #ETF could be launched by the end of this cycle. $DOGE is the oldest meme coin, which was launched on Robinhood in the USA. He believes that the vast majority of meme coins currently lack long-term cultural value.
2008 - You missed $BTC 2020 - You missed $SHIB 2023 - You missed $PEPE 2024 - Don’t miss $…..
Tokens are only talked about once they have left for the moon. Millionaires are made when they buy tokens that are sleeping and nobody is talking about them. Only once tokens start to wake up does the real #FOMO kick in. Everyone wants to find those hidden gems, let’s help each other out by sharing the next one for 2024!!!
Will Trump's vision become a reality? Only time will tell. But one thing's for sure: the world of crypto is never short.
As the world's leading #cryptocurrency , $BTC has always prided itself on its decentralized and borderless nature. Trump's call for a "Made in the USA" Bitcoin raises important questions about the role of national identity.
Trump's vision for a US-made $BTC has ignited a firestorm of discussion within the crypto space.
Former President Donald Trump has made a stunning declaration, stating, "We want all the remaining #Bitcoin to be MADE IN THE USA”