#MANTRA (OM), WHAT'S INTERESTING ABOUT IT? A LOT OF NOISE
$OM , I didn't understand why many were talking about this coin until I saw the graph.
A coin that a year ago was valued at $0.0210099 and on November 17 reached its most recent maximum value at $4.4695. Let's do some calculations to see its annual growth, its absolute variation was $4.4695-$0.0210099=$4.4484901, that is, by investing or buying fifty cents of a dollar ($0.02), today we had almost $4.5 dollars, not negligible since our investment has increased almost 225 times ($4.5/0.02).
$BTTC I've always wondered why this coin remains in last place despite being an excellent project. So since it doesn't let me sleep, I started doing various simulation exercises, showing what would have to happen for its price to reach the value of $0.01 dollars. After several exercises, this one that I will comment on is the one that fascinated me, it enchanted me enough to make it a reality, so here I will explain how the exercise was carried out (methodology), and without forgetting my economist friends the assumptions that should be met to reach the desired price.
WORDS OF NOVEMBER 18, 2024 Hoping they are useful. Today the second word was serendipity, I was surprised. Topic: Stablecoins Depeg. Good afternoon ♥️.
#BTC, 3 FACTORS ARE ACCELERATING THE ADOPTION OF BITCOIN IN MEXICO
$BTC This is the news of the day today in Mexico, where electronic currencies can be boosted by the following key economic factors: remittance sending and inflation, international payments, and financial diversification, as they reflect Mexico's financial needs, which in parallel is a global trend towards digital alternatives for the use and management of money. This according to the Chainalysis Adoption Index, which places Mexico in the 14th position. This position places the Aztec nation above Argentina, which is another of the strongholds of cryptocurrency adoption in Latin America and the world, as reported by CriptoNoticias.
WORDS OF NOVEMBER 16, 2024 Hoping they are useful, late, yesterday I had a few jars of barley, I needed them, today with a bit of a headache. Topic: Meme Coins. Good early morning ♥️.
#RECENT ON BINANCE WITH DOUBTS ABOUT INVESTING HOLDING IS YOUR THING, WHAT IS IT? AND HOW DO I EARN?
#HOLD , WHAT IS HOLDEAR? It refers to the practice of buying cryptocurrencies and holding them for the long term with the idea of selling them when they have a higher price and thus obtaining profits or capital gains. This investment strategy is not the simplest, lowest risk and most passive, but it does not mean that it is not profitable. The first question would be why invest in the long term? Electronic currencies generally increase over time, a clear example is Bitcoin, it increases significantly in each halving, every four years, so the strategy of holding your coins should think that the same amount of time has to pass, given that there is a direct correlation between the increase in Bitcoin and Altcoins $BTTC .
$PEPE , Just a month ago this currency had a value of $0.00000774, currently it is trading at $0.00002471, that is, its value increased twice in absolute terms 0.00001797, a figure that may seem insignificant, but if we measure its percentage increase during this month it was 219.25%, not inconsiderable, which results from dividing and multiplying by one hundred the following (0.00002471/0.00000774)*100.
Let's hope it continues to increase for the good fortune of many of its followers of this meme currency. Congratulations to the owners of it, don't be greedy and take profits and write below: "I BECAME A MILLIONAIRE WITH PEPE" or something similar.
Japanese candlesticks are a valuable tool for trading, the method is very visual of the price behavior of an asset in the volatile market, during a time span. This time span can be from one second, one minute, two minutes, three minutes, five minutes, one hour, one day (intraday), one week, one month, among other desired time periods. During the chosen time, the price of our asset will vary as it is dynamic, see the following chart. But what we do need to keep in mind is the moment to start our analysis called opening price, at the end of the chosen analysis time, it is called closing price, however, the price can vary significantly (a long wick) during that time span, creating what are called wicks or shadows, values below (above) the opening price or above (below) the closing price, depending on whether it is a bullish or bearish candle.
#BTC, PROPOSAL FOR STRATEGIC BITCOIN RESERVE IN THE UNITED STATES
S. 4912. “To establish a Strategic Bitcoin Reserve and other programs to ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utilizing certain resources of the Federal Reserve System, and for other purposes”. https://www.congress.gov/bill/118th-congress/senate-bill/4912/text/is $BTC , Not only has Bitcoin broken its maximum multiple times in recent days, it can go even further if the proposal to make Bitcoin a strategic reserve succeeds, and it can board the ship that will reach a maximum of at least six figures.
#estrategias The most important thing before starting is to recognize that it is of utmost interest to acknowledge that we want to invest rather than speculate with digital currencies. If you want to be a profitable investor in the long term and enjoy this process instead of having your investments keep you awake at night, you must be meticulous and systematic in adhering to investment strategies, while also having adequate risk management. On the contrary, if you want to increase your chances of hitting it big with cryptocurrencies but at the same time maximize your chances of losing all your capital in a short period of time, then speculate; your odds are as low as winning the lottery with the purchase of a single ticket, but not impossible.
WHAT ARE SUPPORT, RESISTANCE, MOVING AVERAGES, AND VOLUME IN TECHNICAL ANALYSIS?
#analisistecnico A fundamental part of technical analysis is its tools to infer or predict the direction or trend of an asset's prices. Apart from the candlesticks that I wrote about in another article briefly and will return to later, today we will analyze four highly useful concepts: Support, Resistance, Moving Averages, and Volume $ETH . Supports and resistances are two of the fundamental tools of technical analysis, which allows us to develop various strategies based on these two concepts.