We would likely see a #BTC rally into its death cross. You can see that rally has now arrived.So perhaps some context is needed. What happened during prior death crosses?
In 2023, started its rally just after the death cross. It then got above its 50D SMA and subsequently held it as support before going higher.In 2022, got a small rally into the death cross but it faded after the cross occurred.In 2021, rallied before the death cross and then it faded as it arrived.In 2020, rallied into the death cross, had a small pullback after it, then kept going (sort of like 2023).And in 2019, had a strong rally into the death cross, that topped on the day of the death cross, before fading back down for a few months.The durability of this move will likely depend on first #BTC getting above its 50D SMA ($62k), and then holding it as support like it did in 2023.If it fails to hold as support like 2019, then the slow grind down continues until a sufficient pivot from the Fed IMHO.$BTC #MarketDownturn #BTC #Bitcoin
The Republican Party has undergone a significant shift in its stance on cryptocurrencies, particularly Bitcoin, since President Donald Trump's condemnation of the industry in 2019. The party has now adopted a platform that promotes innovation in the digital assets industry and protects the rights of Bitcoin holders. This change can be attributed to the influence of individuals such as Vivek Ramaswamy, a former Republican presidential candidate and entrepreneur, who has been a vocal advocate for the crypto industry. Ramaswamy's efforts have helped shape the party's pro-crypto agenda, including pledges to defend the right to mine Bitcoin, ensure self-custody of digital assets, and oppose the creation of a Central Bank Digital Currency (CBDC). Other figures, such as Ron DeSantis and J.D. Vance, have also contributed to the party's shift towards a more crypto-friendly stance. This change in stance has significant implications for the US digital asset industry, and it will be interesting to see how it plays out in the future.
BTC short Update: Bitcoin (BTC) is currently surging above $67,000, approaching a significant resistance level on the daily chart. Two possible scenarios emerge at this juncture:
1. A breakout above the resistance, propelling BTC to the next notable horizontal level. 2. A rejection at the resistance, leading to a potential retracement to lower levels.
Regardless, the current pump is decidedly bullish, indicating a clear trend reversal in full swing. #Hotternds #BTC☀ #ETH
The article discusses three altcoins that have the potential to surge in value during the anticipated bull run in the second half of 2024: Dogecoin (DOGE), Notcoin (NOT), and XRP.
1) Dogecoin (DOGE): The meme coin has been trading sideways recently, but analysts predict it could surge to $0.20 this week, followed by a rally to $1.
2) Notcoin (NOT): Notcoin has experienced a surge of over 28% in the past month and could reach $0.1 in the foreseeable future.
3) XRP (XRP): XRP is hovering above $0.50 as investors await the outcome of the Ripple vs. SEC lawsuit. A breakout above $0.50 could see XRP surge to $1. #BTC #Hotternds #Doge #XRP
Hey there! Seems like a lot of people are worried about the crypto market lately. But listen up, there's a big move coming for Bitcoin, and smart money already knows it. Basically, things are about to get hot, and you don't want to miss out. But here's the thing: getting rich quick won't happen. The big guys will try to shake you out with crazy market swings to get your money. Imagine a basketball game in the final seconds. That's what the market will feel like. But you gotta be strong and resist the urge to panic sell. Don't let them win! Instead, focus on your strategy, stay calm, and don't get caught up in the hype. You got this!
Big news! SingularityNET's merger is happening soon! On June 11th (in 2 days), FET will convert to SAI at a 1:1 rate. OCEAN and AGIX will follow with their own conversion rates. Usually, when a new coin launches, its value surges before stabilizing. SAI's value could jump to $4-$12 or more! Instead of hunting for airdrops, you can buy FET before the merger and essentially create your own airdrop opportunity!
Whether $XRP will break its all-time high (ATH) during the current bull run is uncertain. Here's a breakdown of the factors to consider:
Bullish factors:
1) Technical Analysis: Some analysts predict a breakout for XRP based on technical indicators, with price targets exceeding the ATH 2) Market Sentiment: A positive overall crypto market sentiment could fuel XRP's rise alongside other altcoins. 3) Resolution of SEC Lawsuit: A favorable outcome in the ongoing lawsuit between Ripple and the SEC could remove a major hurdle for XRP's adoption.
Bearish factors:
1) Past Performance: Reaching a new ATH is difficult, and XRP has struggled since its 2018 peak. 2) Market Volatility: The cryptocurrency market is inherently volatile, and a bull run doesn't guarantee XRP's success. 3) Competition: Other cryptocurrencies vying for similar use cases could limit XRP's growth.
Overall, there's a possibility of XRP breaking its ATH, but it's not guaranteed. It's important to do your own research and consider these factors before making any investment decisions.
I was surprised by a sudden drop in the market and couldn't find any apparent news causing it. They suspect a large liquidation around $70,896 might have triggered a chain reaction. After some back-and-forth trading activity, the market saw a significant number of long positions being opened, indicating bullish sentiment. However, this optimism was short-lived as over $320 million in long positions were liquidated within an hour. I expect the market to recover, but predict a quiet weekend with minimal price movement.
Binance for Beginners with $100 Start small with Binance by investing $100 to learn the ropes. Here are key tips: * Choose a stable trading pair like BTC/USDT. * Set your risk tolerance (e.g., risk only 2% per trade). * Use limit orders to buy/sell at specific prices. * Manage risk with stop-loss orders to limit potential losses. * Take profits when your strategy is successful. Remember, cryptocurrency trading is inherently risky. Focus on learning before investing heavily.
Seems like there are a lot of new folks here. Remember, how you react during market changes can reveal your investment style. When prices dip, some panic and call it a hoax, while others see it as a buying opportunity. This space might not be the best fit for those who easily succumb to fear. Instead of blindly trusting others, it's important to do your own research and understand the risks involved. Here are some popular cryptocurrencies: #Bitcoin (BTC), #Ethereum (ETH), and #Portal (PORTAL).
I've analyzed the article and here's a safety precaution for Gala holders: The document says that the Gala Games ETH contract is secure and under the protection of a multi-sig wallet. It was never compromised. Be cautious of scam tweets or websites. Always double-check the legitimacy of a source before taking any action with your Gala holdings. * https://www.coindesk.com/business/2024/05/20/gaming-token-gala-drops-amid-suspect-200m-transfer/
Recent events have caused a stir in the cryptocurrency market, with Bitcoin experiencing a price drop. However, staying calm and informed is crucial during market fluctuations. While some predicted a sharper decline, the current situation presents a buying opportunity for those with a long-term investment view. Remember, cryptocurrency is a relatively young and volatile market. Thorough research is essential before making any investment decisions. Don't base your choices on emotional responses or unsolicited advice. #HotTrands #BTC #bitcoin #eth #bull
Just heard about Kucoin getting sued for allegedly violating anti-money laundering laws. • Here's the thing: Kucoin will likely face some fines and maybe even leadership changes, but it probably won't shut down completely. The market impact should also be small. • For users, it's best to be cautious with Kucoin, but a major crash is unlikely. 🇵🇰 • In the meantime, stay calm, enjoy the green market, and remember - corrections are always part of the game! See you all in a few days! #btc #hottrend #kucoin #binance #Write2Earrn
• Bitcoin (BTC) technical analysis. Here's a breakdown of the conversation:
1) The recent price break is a strong bullish RSI signal, even though the second anchor of the RSI trendline isn't above 50. 2) The trading volume is low but that it's because it's wednesday (T+ wednesday). 3) The price shouldn't fall below $62k in the short term and that a retest around $62k or $66200 is possible. 4) You should be prepared for both bullish and bearish scenarios from the upcoming conference and has already bought some BTC (DCA'd) and placed buy orders ( stink bids) in anticipation of price movements.
Analysts are warning that Ethereum, the world's second-largest cryptocurrency by market value, could experience a flash crash if it fails to hold above $3,460. A flash crash is a sudden and sharp decline in price that can occur due to a variety of factors, such as panic selling or algorithmic trading. If Ethereum falls below $3,460, it could trigger a wave of sell orders, leading to a rapid decline in price. #HotTrends #eth
Bitcoin (BTC) and its outlook for the week. Here's a summary of the Bitcoin Market key points: * I believe a big recovery for BTC this week would be unhealthy. * Bitcoin recovering without sweeping lows would leave it with little room for further growth. * I think an important week ahead with interest rate decisions and economic data releases that could impact the market. * I think for a strong recovery it is indispensable that we sweep below $60,000 for the healthier market in the long run.
Traders listen, Bitcoin's recent price drop predicts its future trajectory. The 7% fall is a normal correction and shouldn't be a cause for panic. Analyze the market, suggesting a potential rise to $72,000-$74,000 before another dip. Trust their analysis and avoid emotional decisions. #HotTrends #btc
Sell Your TRB immediately and buy again at around 80$ because a dumb is expected in BTC. Do this immediately and wait the dumb is coming! 14th March, 2024 10:20PM $TRB
#HotTrends TRB's Bollinger Band on 6 Hour is very close so we can expect an explosive movement upward. I said upwards because Market is Bullish right now. $TRB