☑️Does the Filecoin (Fil) project have potential? The Filecoin project is one of the prominent projects in the field of blockchain and distributed data storage. Let's take a look at an overview of the project. 1. Overview Filecoin was developed by Protocol Labs and launched through an ICO in 2017. The project aims to create a decentralized data storage network, allowing users to rent storage space from "miners" worldwide. 2. Technology Blockchain and IPFS: Filecoin is built on the InterPlanetary File System (IPFS), a protocol for distributed data storage and sharing. Consensus mechanism: Filecoin uses the Proof of Spacetime and Proof of Replication consensus mechanisms to ensure that data is stored safely and efficiently. 3. Model FIL Token: Users pay fees with FIL tokens to rent storage space. Storage miners receive FIL as a reward for providing and maintaining data. Decentralization: Filecoin helps reduce dependence on centralized storage service providers, increasing security and privacy for data. Free market economy: Users can freely choose prices and storage services, creating a competitive storage market.
Technical analysis: looking at the Weekly frame, the price of Fil has had a sw trend after a sharp decline. The support range of 3.2-2.8 is targeted for the long term because this is a major support on a larger frame and is the extreme of the previous bullish wave along with the price gap indicating the participation of MM, so there is hope for price increase but only buy when there is a structural change from decrease to increase and an upward trend appears. This is a personal opinion, not investment advice.
Let's take a look at the current trend and analyze what BTC will be like in the near future.
The FED is expected to continue lowering interest rates, with a possibility of a 25 basis point cut in the November meeting. This is based on various macroeconomic factors, including inflation and economic growth. Lowering interest rates will lead investors to seek higher-yielding investment channels, and Bitcoin may become an attractive option. Along with the presidential election in the US, who will be elected and will the new policies be beneficial for crypto?
Regarding technical analysis, BTC has had an impressive upward movement. After closing the daily candle at 72600, the selling pressure was quite strong. Therefore, the price immediately dropped to 6900, hoping the price will stay around this area. If it wants to increase in the long term, the price needs to hold at the 66k level (0.5 if measuring fibo combined with support resistance) and 60k; these are two support levels to note for the near future.
If this is wave 3, it will be the strongest movement among the waves and will have much higher ATHs.
This month, the price may fluctuate significantly, so those who are long or short should be careful as it is easy to get liquidated. For those investing in the long term, feel free to patiently wait until 2025 to see how the market brings bright prospects.
Wishing everyone a successful trading month in November.
Before investing in cryptocurrency (coin), you should consider some important factors below:
Research the project:
Whitepaper: Read the whitepaper to understand the project's goals, technology, and how it operates. Development team: Check the reputation and experience of team members. (if anonymous, avoid it) Market and growth potential:
Target market: Identify the audience the project is aimed at and the size of the crypto market. Competitors: Analyze similar projects and the project's position in the market. What are its outstanding advantages? Technology and security: Blockchain technology: Evaluate scalability, transaction speed, and security of the technology. Audit: Check if the project has undergone independent security audits. Liquidity:
Trading volume: Monitor daily trading volume to assess the liquidity of the coin. Exchanges: Consider the exchanges where the coin is listed, as this affects buying and selling liquidity. Policies and regulations:
User community: A strong community can support the project's development. Interaction and updates: Follow social media channels and forums to stay informed about the project's latest news and user feedback.
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When Bitcoin increases in price while other coins decrease, you may consider the following options:
Market Assessment: Usually, during a bullish cycle, money flows into BTC first due to its largest market capitalization. After taking profits, large investors will focus on top coins and the underlying ecosystem, and finally, when meme coins rise, it signals the end of a cycle.
Maintain Position: If you have invested in other coins, you keep your position and wait for the price to increase (you shouldn't buy and sell other coins just because you see them rising; if you don't have trading skills, you'll ultimately regret watching previously purchased coins skyrocket).
Look for Buying Opportunities: If you see other coins at low prices with potential for future growth, it might be a good time to buy. Typically, BTC rises and then adjusts, so all coins will decrease, providing an opportunity to buy more.
Consider Other Projects: Research other coins that you trust and have good prospects; there may be investment opportunities.
Monitor Trends: Keep an eye on market developments to decide the best time to buy.
Anxiety: Investors may feel anxious about other coins not keeping up with Bitcoin's growth, but remain calm as investing takes time and patience.
Doubt: Doubts may arise about the future of purchased coins, leading to reconsideration of previous investment decisions even after thorough research. Don't let emotions dictate impulsive actions.
Analysis of the potential benefits if Donatrum is elected president, (he is currently ahead of Ms. Harris) in the context of the crypto market.
1: Strengthening support policies: If Donatrum endorses blockchain technology and cryptocurrencies, this could lead to more favorable policies for businesses in the industry, thereby promoting development and investment in crypto.
2: Reducing legal barriers: The enactment of clearer regulations could help reduce uncertainty in the market, facilitating the operation and growth of crypto companies.
3: Encouraging innovation: A tech-friendly government could promote research and development, leading to new products and services in the decentralized finance (DeFi) sector, (AI), and other blockchain applications.
4: Increasing acceptance: A president with a positive view on crypto could help enhance public and business acceptance of cryptocurrencies, thereby boosting value and trading volume.
4: International cooperation: If Donatrum can promote international agreements on crypto regulation, this could create a more favorable business environment and encourage cooperation among nations in the field of cryptocurrency.
However, it is also important to consider other factors such as the accompanying challenges and risks, as the crypto market remains highly volatile and risky #bnb$BTC $ETH
In the past 24 hours, 86,327 were liquidated, the total liquidation amount was 316.52 million USD. The top liquidated codes include: BTC, ETH, DOGS, BNB, SOL…
Binance leads with 135.50 million USD, followed by OKX and Bybit with 107.67 million USD and 34.42 million USD respectively. In which the largest liquidation order occurred on Binance - ETHBTC value $12.67M
The market is always difficult, isn't it everyone Wish everyone a smooth transaction#binance #bitcoin #btc
Last week, I had a p2p transaction and after completing it all, sometimes it was fast, sometimes it was slow, but after about 15 minutes, the USDT appeared in my account, but I didn't see it for a long time. I also thought it was a bank error, so I waited more.
After a while, there is a response. They said there was an error in USDT and asked to cancel the order so that USDT would be returned to the account. At this point, they felt it was wrong so they did not dare to cancel because canceling would mean losing the evidence to complain.
And finally, after 48 hours, I received the USDT number. Anyone who is doing a p2p transaction should absolutely not cancel an order after transferring money because if they cancel, it will be considered a loss of money (fraud), they should find a reputable partner who has previously traded for peace of mind.
Wishing everyone a happy new week and smooth transactions #btc
When looking at their accounts at the present time, many people are confused, scared, stressed, and even lose sleep, watching the hard-earned money disappear day by day.
This market is always like that. When it goes up, it's exciting and happy, but when it goes down, everyone is sad. But don't be so impulsive and confused that you rush to sell to get the remaining money, then give up, keep your head. Always be alert, don't let your emotions control you,
Only when you give up, leave the game when the majority of people do, is when the market wants you to do so.
Time combined with psychology will be the key to unlocking results, success is a long journey
Wishing everyone strong faith, a steadfast will and successful trading
Still in a downtrend, support around the 60k area is still being maintained
It's best if the weekly candle closes as a dojj, otherwise you have to wait for the next support zone On the Day frame, it is expected that this will be a strong price support area for btc
No one knows where the top is and where the bottom is, but you have the right to plan for yourself. If you feel good about your area, just import goods gradually, buy in happiness and sell in happiness, but don't buy in excitement. sell again in panic
Don't let emotions dominate you in trading, because emotions are the number 1 enemy of success.
In the last 24 hours, 35,205 were liquidated, for a total liquidation of $93.74 million. Top liquidated codes include: BTC, ETH, SOL, BNB,
Binance leads with $46.07 million, followed by OKX and Bybit with $32.30 million and $7.34 million respectively. The largest liquidation order occurred on OKX - BTC-USDT-SWAP value $9.17M $
☑️BTC closed a pretty bad weekly candle, the next support level is 61k but with candle pressure like this, BTC reaching 60k is completely possible.
☑️ETH, when looking at the weekly candles, shows more positive signs in the short term
☑️BTC.Dom, after touching the 55% resistance, withdrew its beard but still created a pattern of 2 gradually higher bottoms. Therefore, it is entirely possible for the dom to increase by one more beat. ☑️Total3 is on its way to find the old bottom of 560 - 570B. If we cannot hold this zone, we will see 560B in the short term. => Market overview this time is quite bad. You should not try to catch the bottom when there is no clear signal. Waiting is also a smart way to protect your account #btc #ETHETFS #binance #Write2Win
How do you invest in BTC? Short term, medium term, or long term, some people only hold for a few days, but others hold for a few years or even more. In general, as long as it is profitable and suitable for the individual of that trade.
Whether you are new or old, have more or less profit or even loss. But if you have invested and spent money that you have worked hard to earn, then be really serious about it.
Build your own method for yourself, learn deeply about it, experiment a lot, when you deeply feel about it, you will see that this market is not as difficult as you think. That's when you earn a lot of things...
The weekend is a time to rest, take time to take care of your family, yourself, or look back at last week's trading results and plan for next week.
After #btc touched 64k, there was buying pressure, but there was still no dominance, so the downtrend may still continue in the near future.
In the last 24 hours, 123,900 were liquidated, the total liquidation amount was 316.93 million U. Top liquidated codes include: BTC, ETH, SOL,BNB,….
Binance leads with 133.10 million U, followed by OKX and Bybit with 100.60 million U and 44.63 million U respectively. Of which the largest liquidation order occurred on Binance ETHvalue $6.44M
🥊💰💵 Is everyone okay? If you're all in, then keep going. If you're confused and afraid, if you go out, it's the same thing MM is doing, stop trading to make money. DCA. In the last 24 hours, 125,115 were liquidated, total liquidation was 286.77 million U. Top liquidated codes include: BTC, ETH, SOL. Bnb.
Binance leads with 106.85 million U, followed by OKX and Bybit with 83.40 million U and 67.40 million U respectively. Of which the largest liquidation order occurred on Huobi - DOGE.value $4.08M #AirdropGuide #binance #btc #bitcoin
#btc The beginning of the week was red. Btc Dom increases, All coins will decrease further if this situation continues.
Hopefully the next support zone will support you so you don't fall further. Still holding the old opinion that the 60k area will be the support zone This season's market is not as good as previous seasons, Btc injection money, then top coin then mid cap coin, xog meme but this season the more you hold, the more you lose. Is the game getting more difficult?
If the old person is still confused, the new person will probably also panic, stress will be lost, don't let fear cause you to sell out, trade, have confidence. #btc #AirdropGuide #bitcoin
The main trend is still to decrease the next support zone around the 59k-60k area of #btc
In the last 24 hours, 74,916 were liquidated, for a total liquidation of $217.76 million. Top liquidated tokens include: BTC.ETH. SOL. BNB….
Binance leads with $80.28 million, followed by OKX and Bybit with $77.87 million and $31.78 million respectively. The largest liquidation order occurred on OKX - ETH value $3.32M
Limit long shots at this time Wish everyone a happy weekend #AirdropGuide
IO already shows buying pressure surpassing $5.1 About to return to test the old area around the 47x–4.8x area Wait for the 4.8x area if the support is good then you can go Long with low leverage, short term Entry 4.8x SL 4.6x City 1 5.4 City2 5.8 TP3 6,4 This is a personal opinion, not investment advice #io #btc #TopCoinsJune2024
After reaching Ath 6.4, there was a flush to 4.6 (26%) Currently the selling force has decreased so it is swishing, there is still no force to say goodbye, you should not fish for the bottom because the risk is very high. Just wait for confirmation
Some information about IO coin
$IO listed Binance, with a price around $3.8 and had a strong increase
✅ Initial circulation: 95M / Initial total supply: 500M / Maximum total supply: 800M
✅ MC $360M / FDV $3B io. net is the Solana DePIN network that aggregates GPU resources for AI & Machine Learning (ML) companies. The project raised $40M in capital from major investors such as Multicoin Capital, Animoca Brands and Delphi Digital. 🧩 The initial total supply of IO is 500 million but over the next 20 years will increase linearly to 800 million, with the excess 300 million reserved to reward GPU suppliers and node operators.
🧩At the time of TGE, the initial 95M tokens in circulation will be allocated to Launchpool (4%), Airdrop (7.5%), R&D and ecosystem (7.5%).
⏰ From July 2025 to June 2027, about 50% of the total IO supply will be unlocked for investors and contributing teams, ecosystem funds and the community.
🍀🍀🍀The news is over, a good news makes the price #btc increase the next news and decrease it again according to the price making process 😁
Currently, BTC is returning to test the support area of 66k-67k, a support area. This seems to be an area where the buying force is quite strong, so hopefully the price will react with upward momentum.
The H4 candlestick ends with a green candle, showing that the buying force is getting stronger. If today's frame closes with a green candle, it looks best, and if the Day frame closes with a red candle, the bad scenario is likely to continue.
Wishing everyone effective trading
. Remember your flow to receive a lot of useful knowledge #btc #binance