Just a year ago, I had $4.7k, and now I have enough.
I didn't do it with $BTC, $ETH, $MATIC, or $AVAX.
But with the couple of tips on how to trade alts
Before we dive in, I have a quick favor to ask I put a lot of effort into crafting this article to be genuinely helpful for you, so if you find it valuable, please follow me, share, comment, or just hit like
I prefer to keep things simple in life.
There's no need to develop complex strategies and trade by them.
For instance, my crypto strategy relies on just three key factors:
Trust me, mastering these alone can greatly increase your portfolio during the 2024-2025 bull cycle.
Get ready to dive into each aspect quickly!
① The most important thing in the list is to understand crypto market psychology:
In the world of crypto, emotions drive everything. Human psychology remains constant, and the market follows repetitive patterns.
Check out the image below for a rough visualization of market psychology pattern:
② "The best time to buy is when there's blood in the streets"
While many are aware of it, when fear dominates the market, people tend to sell, only to buy back when greed takes over. This simple rule has the potential to yield enormous profits.
Recognize this pattern and go against the crowd.
③ Understand insider trading:
Here's a recent example to illustrate I came across a wallet that purchased $HAMMY right after its launch for $1.5k, and then he sold everything for $177k!
Why am I certain it's an insider wallet and not just a random trader?
Consider this: the individual purchased the token right before the unexpected huge green pump, when there was no news about the project at all.
Ofc this is insider.
④ How to find these sneaky insiders?
➬ First, visit: https://dexscreener.com ➬ Look for trending tokens in the past 6h or 24h
➬ Click on the Top Traders section ➬ Search for early trades ➬ Copy the wallet address
➬ Next, go to: @alphatracexyz ➬ For a better results, you can filter the wallets you will find by $500k+ PNL and a 60% win rate
⑤ "But wait, BitEagle, how can we spot gems before others?"
Here is my step-by-step process for quick research:
➬ Always start by visiting @CoinMarketCap_official / @coingecko ➬ Choose 10-30 tokens that you are interested in, from sectors you like ➬ Next, head to @Dropstab_com ➬ Here, you can check vital info such as project investors, twitter followers, fundraising data.
⑥ Where to check the tokenomics:
➬ Visit @Token_Unlocks or @VestLab
Key points to check:
· Distribution of tokens for the community · Locked investor tokens · Investor price and current price
✪ In the end, verifying the safety of a token contract is crucial:
This routine practice will protect you from potential scams, rug pulls, and honeypots.
Here are two main checkers you'll find useful ~ SOL: https://rugcheck.xyz ~ EVM: https://coinscan.com
You can't afford to miss my upcoming articles, follow me.
#BOME BY AGE 40 YOU SHOULD BE SMART ENOUGH TO REALIZE THIS:
1. Someone makes 10x more than you do in a 9-5 job because they have more "leverage" with their work.
2. Distraction is the greatest killer of success. It stunts and destroys your brain.
3. You shouldn't take advice from people who are not where you want to be in life.
4. No one is coming to save your problems. Your life's 100% your responsibility.
5. You don't need 100 self-help books, all you need is action and self discipline.
6. Unless you went to college to learn a specific skill (ie. doctor, engineer, lawyer), you can make more money in the next 90 days just learning sales.
7. No one cares about you. So stop being shy, go out and create your chances.
8. If you find someone smarter than you, work with them, don't compete.
9. Smoking has 0 benefit in your life. This habit will only slow your thinking and lower your focus.
10. Comfort is the worst addiction and cheap ticket to depression.
11. Don't tell people more than they need to know, respect your privacy.
12. Avoid alcohol at all cost. Nothing worse than losing your senses and acting a fool.
13. Keep your standards high and don't settle for something because it's available.
14. The family you create is more important than the family you come from.
15. Train yourself to take nothing personally to save yourself from 99.99% of mental problems.
Put this strategy to work on the latest launches and boom, over $100k richer A lot of meme traders will hate me for sharing this for FREE, but I will delete this thread soon 👇🧵
Sniping is one of the best ways to earn, even with a small capital. In the current meta of memecoins, you need to outperform 99% of people to get your piece of the pie. If you still think it's difficult, you couldn't be more wrong.
I came across the wallet that sniped $SHROOM early. The wallet bought 292.16M $SHROOM for 6K $SOL ($1.04M) 5 mins before CA went live. Then he sold all $SHROOM for 57,112 $SOL ($9.93M) one hour later. Address: AupTbxArPau5H97izWurgska1hEvFNrYM1U8Yy9ijrWU
Many people may think it's devs or insiders, but I'm certain it's simply a sniper. These snipers can be at every token launch and are often the ones making 10,000%+ profit on memecoins. Wanna do the same? All you need is to repeat these steps to get a profit 👇
Start with pre-analysis: ➢ Go to https://dexscreener.com/gainers ➢ Look for trending narratives, tickers, or memes ➢ Analyze why they are gaining momentum ➢ Identify potential catalysts and signs of strength This approach will help you grasp the current memecoin market.
The longer the narrative in the Top Gainers, the stronger it becomes. E.g. You could see many tokens "wif hat", or presidential memecoins gaining traction. That's why you should keep an eye on newly listed pairs to identify trending memecoins right after they are listed. ◻️ How to find New Listings: ➢ Go to https://dexscreener.com ➢ Click on "New pairs" ➢ Click on "Filters" ➢ Choose the chain ➢ Click on "Apply" Monitor this tab as new coins have more potential than those that have been trading for several weeks.
But true alpha is hidden from the crowd. It's worth looking into coins that haven't yet gained liquidity. This is the earliest stage when a coin is not yet traded anywhere and is only known to devs. SOL: bananadeployerSOL ( TGBOT ) ETH: bananadeployer ( TGBOT ) BASE: bananadeployerBASE( TGBOT )
◻️ Scan the token To avoid potential scams, rugs, and honeypots, you have to verify the contract. Just paste the contract address to receive in-depth information about the token’s security. SOL: https://rugcheck.xyz EVM: https://coinscan.com
◻️ Snipe the token launch To buy tokens as fast as possible, you need to use sniper bots. There isn't a universal bot that works perfectly for every chain. Here are only 3 bots you need to become a real on-chain sniper 👇 ◻️ @bonkbot_io is the #1 bot for Solana on-chain trading. It has a user-friendly and simple interface for trading on Solana, with @Jupiter 🪐 handling all trade executions. It's a must-have choice when it comes to aping on Solana.
◻️ @BananaGunBot is among the oldest sniping bots. Key features include: ➢ Auto Sniping ➢ Copytrade ➢ Safeguarding against potential sandwich attacks ➢ Available on Ethereum and Solana
◻️ @TeamUnibot is currently one of the most popular EVM bots. They recently announced their expansion to Solana - @ UnibotOnSolana The bot allows you to: ➢ Snipe tokens ➢ Set limit orders ➢ Receive real-time portfolio updates on T*l*g*am
Each bot has its own customization instructions. Take a look at the many settings of one of the bots. Mastering this skill isn't easy, but the rewards that follow will more than compensate for your efforts.
Remember, not every token you snipe is going to take off, and that's okay! You just need THAT one token to hit it big to earn life-changing money. Always manage your risks, and don't give up until you win.
That's a wrap for now! If you don't want to miss my future Content, follow me everywhere & use tip button to support me.
People who knows market cycle model made Millions in bull run 2021! The biggest take off is coming in 155 days.. ▓▓░░░░ 38% - Now ▓▓▓▓▓ 100% - October 2025 Here's Ultimate playbook on how to sell ur crypto at ATH..🧵👇
➮ Before we begin make sure to SHARE this ARTICLE👆 ☩ Cause, when the bull market starts, this guide will make you not 2 but x50-x100 profit. 2/➮ Every crypto bull run is the same. ☩ This happens cause the crypto market is the greatest embodiment of human emotions. ☩ All thanks to FEAR, GREED and our "lovely" feeling FOMO
4/➮ Both the 2018 and 2022 bear markets lasted for a remarkable 371 days! ☩ It's fascinating to observe that the time span was measured in days, rather than months.
5/➮ From halving 2020 to ATH 2021 took 546 days. ☩ Thanks to these notes, we can assume that BTC ATH will be in October 2025. ☩ Let's delve deeper into the psychology of market cycle.👇
6/➮ Market cycle ☩ This scheme represents the emotions that traders experience at each interval of time. ☩ On each coin, this scheme changes slightly, but the emotions remain the same.
7/➮ Market cycle model in bull run 2021 ☩ The main goal is to identify the phase of the market in which the price is currently located. ☩ To earn maximum profit, it is necessary to buy alts in the depression stage.
Bitcoin ETFs Explained: Everything You Need to Know
Introduction
Investing in cryptocurrencies like Bitcoin comes with the technical intricacies of managing a digital wallet and the responsibility of safeguarding the wallet’s private keys. However, exchange-traded funds (ETFs) abstract these challenges for intending crypto investors, particularly institutions, by granting them exposure to their desired asset class without management responsibilities.
Table of contents
Introduction
What is Bitcoin ETF?
Types of Bitcoin ETF
Spot Bitcoin ETF
How Spot Bitcoin ETFs Work
Bitcoin Futures ETF
How Bitcoin Futures ETFs Work
Spot Bitcoin ETF vs. Futures Bitcoin ETF
Current Spot Bitcoin ETF Trend
Can Bitcoin ETFs Impact Bitcoin Price?
Increased Demand
Market Validation
Trading Activity
Conclusion
What is Bitcoin ETF?
A Bitcoin ETF is a financial product or investment fund that tracks the price of Bitcoin. Bitcoin ETF enables investors to participate in the price fluctuations of Bitcoin without the necessity of directly owning the cryptocurrency.
Also, while Bitcoin tokens are traded on crypto exchanges, a Bitcoin ETF trades on the stock market, blending the attributes and potential advantages of mutual funds, stocks, and bonds.
Bitcoin ETFs have garnered considerable attention recently because they provide a more accessible and regulated avenue for investing in Bitcoin. They appeal to traditional investors cautious about directly acquiring and managing cryptocurrencies, given concerns about security and technical complexities.
Types of Bitcoin ETF
Notably, two main types of Bitcoin ETFs exist, which primarily hinge on their level of involvement with Bitcoin itself. These are spot and futures Bitcoin ETFs.
Spot Bitcoin ETF
A Bitcoin spot ETF is an investment fund designed to offer investors direct exposure to the real-time value of Bitcoin. In this context, the term “spot” denotes the present value or the market price of the underlying asset, Bitcoin, at that spot.
Furthermore, a spot Bitcoin ETF holds actual Bitcoin. It invests directly in Bitcoin as the underlying investment, not derivatives contracts based on Bitcoin prices.
How Spot Bitcoin ETFs Work
A spot Bitcoin ETF issuer acquires Bitcoins either from other holders or via authorized crypto exchanges. These acquired tokens are subsequently safeguarded in a cold storage digital wallet, employing multiple layers of security to mitigate risks like hacking. Additionally, the protected digital vault is overseen by the registered custodian.
Furthermore, the Bitcoin spot ETF issuer generates shares corresponding to a predetermined quantity of held BTC tokens. The share price of the ETF is designed to mirror the current market value of Bitcoin, and these shares are open for public trading on conventional stock exchanges. For traditional investors and traders, acquiring a spot Bitcoin ETF is akin to purchasing shares in any other ETF or security.
Market liquidity and efficiency are sustained by market makers who consistently provide opportunities to buy and sell ETF shares. The pivotal role played by these market makers is instrumental in upholding a stable market environment, guaranteeing that investors can readily trade shares of the ETF as and when required.
According to a study by prominent market tracker CoinGecko, Bitcoin ETFs for spot trading are established in only eight countries globally, including Canada, Germany, Brazil, and Australia.
Currently, Canada leads in spot Bitcoin ETFs, having approved six funds with a total asset value of $2.79 billion. Germany follows closely with two spot Bitcoin ETFs incorporated, accumulating a substantial total asset value of $1.13 billion.
Meanwhile, the United States has no Bitcoin spot ETF. This decision is attributed to concerns regarding investor protection, the potential for market manipulation, and other issues.
Bitcoin Futures ETF
Bitcoin Futures ETFs do not possess material Bitcoin, unlike spot Bitcoin ETFs. They are derivatives-based Bitcoin investment vehicles.
In particular, Bitcoin futures ETFs leverage financial instruments such as futures contracts to mimic the price movements of Bitcoin. The Bitcoin futures contracts enable investors to speculate and make predictions regarding the future price movements of the asset.
How Bitcoin Futures ETFs Work
Futures contracts are standardized, time-bound agreements that grant the right to buy or sell the underlying asset, Bitcoin, at a predetermined future date. Importantly, these contracts do not confer ownership of the asset itself.
Moreover, as the contracts expire, they require settlement or replacement with new contracts. Notably, these Bitcoin futures contracts are traded on the Chicago Mercantile Exchange (CME) in the United States.
Essentially, investors who invest in Bitcoin exchange-traded funds based on futures contracts commit to buying or selling BTC at a predetermined price on a specific date, irrespective of market conditions.
Where one party commits to buying BTC at expiry, the purchase must occur at a discount or a premium. The futures market is considered a “premium” when the future price trades higher than the spot price and a “discount” when lower.
Furthermore, the U.S. Securities and Exchange Commission (SEC) has approved Bitcoin futures ETFs such as the ProShares Bitcoin Strategy ETF (BITO). Bitcoin futures also exist in other countries, including Canada and Hong Kong.
Spot Bitcoin ETF vs. Futures Bitcoin ETF
The distinction between these two investment vehicles tracking the price of Bitcoin lies in their structure and degree of exposure to BTC.
Attribute Spot Bitcoin ETFs Bitcoin Futures ETFs Underlying Asset Actual Bitcoin Bitcoin futures contracts Price Direct Indirect Bitcoin Custody Digital vault No direct Bitcoin custody Exposure Direct exposure Indirect exposure Regulatory Framework (U.S.) In evolving phase Established
Current Spot Bitcoin ETF Trend
As of December 2023, the U.S. SEC has not approved a spot Bitcoin ETF. However, the regulatory body has issued a final notice instructing asset managers with pending Bitcoin ETF applications to make any required adjustments to their filings.
Among the trillion-dollar asset managers seeking spot Bitcoin ETFs are BlackRock, Fidelity, Franklin Templeton, and Invesco Galaxy. Other multi-billion dollar management firms include WisdomTree, VanEck, GlobalX, ARK Invest, Bitwise, Valkyrie, and Hashdex.
Furthermore, the U.S. regulator is expected to deny or approve a spot Bitcoin ETF in early January 2024, although the overwhelming sentiment in the market tilts towards the positive side.
Meanwhile, regulatory bodies in Hong Kong have opened the floor for Bitcoin spot ETF applications. In a circular dated December 22, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) proclaimed their willingness to entertain crypto spot ETFs.
Can Bitcoin ETFs Impact Bitcoin Price?
Experts have argued that Bitcoin ETFs can exert a significant influence on Bitcoin’s market value both directly and indirectly. Some of the ways it could play out include:
Increased Demand
A spot Bitcoin ETF can potentially draw new participants and investors into the cryptocurrency market. These individuals include prominent investors who may not have purchased Bitcoin directly.
Concerning Bitcoin futures ETFs, even though they do not directly possess Bitcoin, they can influence the price by impacting the market sentiment surrounding Bitcoin.
Market Validation
Furthermore, the introduction of Bitcoin ETFs, particularly spot ETFs, can be interpreted as a signal of legitimacy for Bitcoin within the mainstream financial system. Such pivotal development enhances confidence in the Bitcoin market, attracting a larger pool of investors. This could ultimately contribute to a potential increase in its price.
Trading Activity
Moreover, Bitcoin ETFs open additional channels for active trading of Bitcoin exposure, appealing to hedge funds, day traders, and other speculators. This potentially results in increased trading volume and heightened volatility in the market.
Conclusion
Bitcoin ETFs, particularly spot, mark a substantial advancement in the crypto landscape, providing a regulated avenue for traditional investors to partake in the Bitcoin market. These ETFs have the potential to contribute to improved market liquidity and draw increased institutional engagement.
The post Bitcoin ETFs Explained: Everything You Need to Know appeared first on Coin Edition.
TIPS ON HOW TO FIND A COIN TO TRADE FOR BEGINNERS WHO WANT TO STOP SERIAL LOSSES.
1. Check the 24hrs change of the coins 1 Day TF to be precise, make sure it has over stretched either to a higher % (e.g 40%) or a lower % ( e.g -35%) then it is a prospective coin to Short or Long (sell or buy) respectively
2. Make sure the RSI is in the overbought (80 above) or oversold (20 & below), to either Short or Long respectively.
3. Check the MACD indicator to ensure the their is about to be a change in trend i.e MACD line crossing the signal line.
4. Make sure the candles have over stretched the Bollinger Bands (upper or lower) to enter a short or long trade respectively.
Note: 📌Use these strategies together at least 1,2&4 must happen.
📌Also with this strategies use only 10% of wallet and leverage between 10-15x to make liquidation almost impossible.
📌Take profit between 30-50% of your trade and exit the market.
Follow Me for free Spot and Futures Trading Signals 💯🔥
$1 to $10: How To Know Which Coins To Invest In That Will EXPLODE 🤯
How can a beginner know which coins will rise and go up in price?This is one of the most asked questions by newbie investors as they spend time reading articles to look at price predictions of different crypto assets.The crypto space is unpredictable which means it’s not easy to predict what the price of an asset will be.There are different stories about how people grew their crypto portfolio by selecting and investing in coins that were under $200 million in market cap.The popular strategies used to pick are usually very technical: concepts like project tokenomics, Market use case, Marketing and Social hype are some of important basics of doing research on coins.However, these requires a lot of understanding about technical concepts used to explain the project. This poses a problem as to how beginners will know if a coin will do wellThe answer to this question is to check the market cap, does the community holding the coin still think it’s a good coin to buy or are they looking for an opportunity to sell their coinsIf you are trading with a much larger capital, it’s smart to invest in one of top two cryptocurrency by market cap, choose to buy and hold bitcoin and eth.When you notice that there are a lot of hype around a certain crypto project, it’s a great option to look for coins that are in the same industry but lower in market cap to buy.Another thing is as a beginner it’s not the best option to start diversifying your crypto portfolio if you don’t know what things to look out for.A better option is to stick to the coins that have been in the space for a longer time and as your investments start to grow, then you can diversify with part of profits based on potential risk tolerance.
One of the downsides of any bullish crypto price run is a major uptick in the prevalence of crypto pump and dump schemes. This article identifies how to recognize a pump and dump when you see one.Bitcoin, once an avant-garde digital asset, has now established its presence with regulated exchanges, US approved ETFs, institutional interest, and futures contracts. However, the altcoin space remains a wild frontier, with even seemingly reputable projects succumbing to attacks, as evidenced by the historic 51% attacks on Bitcoin SV and Ethereum Classic . Despite the bear market fluctuations, 2023 has witnessed a surge in crypto scams, urging investors to exercise caution, as many seemingly genuine "crypto projects" are merely designed to exploit unsuspecting investors.Recognizing these fraudulent activities is crucial for preventing investment losses. This how to spot such schemes and protect yourself from falling victim.What Is A Crypto Pump And Dump Scheme?A crypto pump and dump scheme is a type of market manipulation where a group of people coordinate to buy a low-priced or obscure cryptocurrency, create hype and false information about it, and then sell it at a higher price to unsuspecting buyers. This results in a sudden spike and crash in the price of the cryptocurrency, leaving many investors with losses.The origins of crypto pump and dump schemes can be traced to traditional securities fraud. These schemes targeted small-cap stocks in the equity market, involving a coordinated effort to artificially inflate the price of a stock and then swiftly sell for profit. In the cryptocurrency space, the same concept prevails, albeit with some variations.In the crypto world, pump and dump operations focus on low-capitalization coins and tokens, exploiting their vulnerability due to limited trading volumes. Instead of traditional boiler rooms, these schemes rely on social media and other platforms to spread hype and misinformation about a particular cryptocurrency. These orchestrated campaigns often involve manipulating discussions on platforms like YouTube, Twitter, Reddit and Instagram, luring investors into believing that a project is gaining traction when that is not the case.Identifying the Telltale Signs of a Pump and Dump SchemeDetecting a pump and dump scheme requires vigilance and an understanding of red flags. Here are some key indicators:Unexplained Price Surges: Sudden, substantial price increases without a clear catalyst can be indicative of a pump and dump scheme.Paid News Articles and Social Media Hype: A small-cap coin being widely covered in paid news articles and experiencing a surge in social media attention often suggests a pump in progress. Chat groups, forums, or influencers are often engaged to spread positive but unsubstantiated or misleading claims about the cryptocurrency, such as partnerships, endorsements, upcoming events, or technical breakthroughs.The comments section of crypto-related videos on YouTube is a prime target for coin hype. In this scenario, people attempt to hijack discussions and inject comments about a coin they are trying to hype into otherwise genuine conversations. As the examples below show, the format is easily recognizable - typically beginning with a thank you and then an inquiry about a certain coin or project. Posted on many other channels, these types of comments give the impression there is genuine enthusiasm about a project, whereas, in reality, there is no such groundswell of interest.Communication among pump and dump group members happens on encrypted messaging services such as Telegram, where groups can contain several thousand members. In these group chats, a coin that will be pumped will be announced after the original perpetrator of the scam buys the coin. Within minutes, group members also buy and then spread fake news about the coin on social media, blogs and sometimes even on news outlets thought of as reputable through paid-for sponsored content. Once the price has jumped, the initiators of the pump sell their coins, followed by other members in the pump and dump messaging group. Then the price collapses again, leaving all investors who bought after the price surge with steep losses.Paid media is also often used to hype coins – with press releases from criminal frauds published without question by many crypto media outlets – and even appearing on reputable sites like PR Newswire.As this actual Upwork ad reveals, pump scammers will go to great lengths to make the companies and coins look credible.Low Trading Volumes and Market Capitalizations: These schemes thrive on illiquid cryptocurrencies, so avoiding such assets can significantly reduce your risk. Pump and dump coins usually have a low market capitalization, trading volume, and liquidity, making it easier to manipulate the price with relatively small amounts of money.Listings on Obscure or Unregulated Exchanges: Here there is less oversight and transparency. Exchanges like Coinbase, Kraken, Binance and others have strict listing rules and the process is expensive. This discourages scam coins.Active use of FOMO: Pump and dump promoters will often urge potential buyers to act quickly and not miss out on a once-in-a-lifetime opportunity, creating a sense of urgency and fear of missing out.Questionable Investment Advice: Be cautious of investment advice from social media and unverified sources, as these can lead to significant losses. Investment advice from celebrities is particularly high risk.Lessons from Celebrities: McAfee, Musk, and More In the world of crypto pump and dump schemes, celebrity endorsements have often played a role in shaping the narrative. For instance, in May 2021 tech entrepreneur John McAfee faced Commodity Futures Trading Commission (CFTC) charges for his involvement in pump-and-dump initiatives linked to various cryptocurrencies.Authorities alleged that between 2017 and 2018, McAfee promoted a "coin of the day" via his Twitter account without disclosing to his followers that he had purchased positions in coins such as Verge, Doge and ReddCoin, that he would sell once the price pumped.Celebrity endorsements like McAfee's should always be treated with scepticism. It is against the anti-touting provisions of US securities laws for celebs to make such endorsements without revealing they're being paid to do so - but it happens all the time.Actor Steven Seagal, for example, found out he wasn't above the law in 2020 and settled charges of failing to disclose around a million dollars in payments he received for shilling Bitcoiin2Gen. Similarly, both Lindsay Lohan and YouTube influencer Jake Paul were charged by the SEC for illegally promoting Tron (TRX).Similarly, Elon Musk faced accusations of manipulating the market through his tweets about Bitcoin. When Bitcoin fell more than 50% from its April 2021 high of $64,000, Musk denied claims that he had pumped and dumped it. At the time, Magda Wierzycka, the CEO of financial services firm Sygnia said, "the volatility we have seen is an unexpected function of what I would call market manipulation by Elon Musk."She accused Musk/Tesla of buying a position in BTC, then announcing its position to pump the price, before selling at the peak. It is worth remembering that Musk paid US$40 million in 2018 to settle SEC charges against him for his tweets about taking Tesla private.Such instances underline the significance of scepticism towards celebrity endorsements in the crypto realm, as these endorsements often lack transparency and compliance with securities laws.Shielding Yourself from Pump and Dump SchemesTo protect yourself from falling victim to pump and dump schemes:Avoid Illiquid Cryptocurrencies: Steering clear of coins with low trading volumes can minimize your exposure to such schemes.Verify Sources: Rely on credible sources for information and conduct thorough research before making any investment decisions.Community Vigilance: The cryptocurrency community often self-regulates, exposing fraudulent players that tarnish the industry's reputation.Direct Project Engagement: Reach out to cryptocurrency projects directly to gain insights and clarity before investing. Pump and dumps and other frauds are usually completely anonymous. Also, the cryptocurrency being pumped will typically have no clear use case, roadmap, or development team behind it, making it hard to verify its legitimacy or value proposition.Independent Research: Conduct independent research to make well-informed investment choices, rather than relying solely on external advice.CFTC's Efforts in Curbing Pump and Dump SchemesRecognizing the need to combat pump and dump schemes, the U.S. Commodity Futures Trading Commission (CFTC) has taken proactive measures. In a public advisory on pump and dumps, the CFTC advises investors to remain cautious and avoid making investment decisions based on sudden price spikes or social media tips.Furthermore, the CFTC has introduced financial incentives for whistleblowers who provide valuable information that leads to uncovering such fraudulent activities. "Manipulative and fraudulent schemes, undermine the integrity and development of digital assets and cheat innocent people out of their hard-earned money," says Acting Director of Enforcement Vincent McGonagle. "Financial innovation is constantly breaking new ground, and the CFTC's enforcement efforts must keep up. We will always act to hold fraudsters and manipulators accountable for misconduct."#pumpanddump #dyor
👉 BTC sellers are facing a tough time right now. It's impressive how many times BTC has attempted to enter a bearish momentum and how many times it has faced strong rejection of that bearish momentum.
👉 As I mentioned yesterday, BTC would break the previous high, and that's precisely what happened today.
Current situation on BTC:
👉 According to the 1-hour chart, $BTC tried to break below the current lower resistance level at 29,860, but #BTC buyers didn't give sellers any room. It was strongly rejected and formed a reversal trend. This happened between 04:30 and 06:30 AM IST. As a result, BTC is expected to break the previous high at 30,374 and increase above 30,500. Keep in mind if once strong rejection happen at that time market will forming Reversal trends and will break the previous high , that's the market sentiment .
👉 On the 15-minute chart, $BTC is nearly entering temporary bearish momentum. My analysis has provided two types of confirmation, but the 3rd confirmation has not been received, and it has successfully rejected the bearish trend while staying in a bullish momentum. If the 15-minute chart enters a bearish momentum, it's considered temporary, and there's only a 50% chance of bearish momentum confirmation, as I previously mentioned.
👉 Everyone should hold your long position until we reach our expected target of 31,335 from the 1-day chart analysis. I hope this target will be reached soon, possibly later today, in the evening or night, or tomorrow morning. So, please trade with sufficient funds and manage your risk properly. Avoid getting involved in any false movements against the market's momentum.
I will provide a detailed 1-hour chart analysis update within a few minutes.
👉 I hope this information is helpful to everyone. Please show your support by liking this post and consider sending at least $1 as a tip.
1. Check the 24hrs change of the coins, make sure it has over stretched either to a higher % (e.g 40% above) or a lower % ( e.g -30%) then it is a prospective coin to Short or Long (sell or buy) respectively
2. Make sure the RSI is in the overbought (70 above) or oversold (30 & below), to either Short or Long respectively.
3. Check the MACD indicator to ensure the their is about to be a change in trend i.e MACD line crossing the signal line.
4. Make sure the candles have over stretched the Bollinger Bands (upper or lower) to enter a short or long trade respectively.
5. Always use Low leverage (8-10x cross) with a tight stop loss Incase the coin is manipulated.
6. If your stop loss hit leave the coin until you see a consolidation for two days at least before setting a buy order or sell order as the case may be.
Note: Use these strategies together atleast 3 must happen.
🔥Follow Me for free Spot and Futures Trading Signals 💯
#BTC #SteveGoshenCrypto
Raziščite najnovejše novice o kriptovalutah
⚡️ Sodelujte v najnovejših razpravah o kriptovalutah