m8ght's Profile | Binance Square

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$BTC In December 2021, less than three years ago, the price of bitcoin fall from this very same leve to 40.800 in two days. This is just reminder to anyone, who currently can't imagine the price of bitcoin to drastically fall from this level, and screaming how cheap bitcoin is at the moment. Be realistic, price can go both way, anytime, and bitcoin isn't really liquid, some whale movements cause significant price fluctuations. It wouldn't need that much selling pressure to drop the price to the 40k level. I'm personally neutral at the moment, but I think bitcoin is very expensive, even at 40k.

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if this is still a bull market, we just got the opportunity to buy ALTs near bear market bottoms again. Although very concerning the room #btc still have to fall. We can say it is very scary, you might fear to buy.

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This turns out to be pretty good idea. One of the fresh coin I'm looking at now is $SAGA , we are almost 50% lower of the previous thought to be bottom, and the tokenomics of this coin wouldn't suggest that it won't go way lower, but for now, we can assume tht it will pump, we shave seen it many times that those coins that by common sense shouldn't pump, pump the hardest, so befor this coin would get it's place in the 99% low coins, it is also probable that it will hit a new ath first just to drive you crazy ...

LIVE

m8ght

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Money saving tip: Never touch a coin that was listed on binance trough launchpad, until they hit bottom. Even if you think they hit the bottom, you better wait, because they can go even lower, so best strategy is to go 50% lower then what you think would be the bottom.

Unfortunately, launchpad designed for the wealthy BNB or stable coin holders, who already have 100k + in their account, and can farm a reasonable amount of tokens. Because all they have to do, is to farm hit the sell button on the first hour of the token listed, and you, who think, that you would be an early buyer of the token if you by the first minute the token is launched, almost 99% of the time you are buying ATH, and the next weeks or months you are going to watch loosing value, and if you are lucky, you will have 1 chance to sell your token without loss or some profit, but the characteristics of all those tokens are that less than 10% is the circulating supply, and over time they release more and more tokens, and the price keep dropping.

Some good example of such token is ICP, which already have some years of history, so go and have a look on the chart, almost impossible that it will ever hit ATH.

Current tokens that recently launched will be down 90% from current price for sure, maybe no tomorrow, but in the long run all those tokens will inflate, and all of them has already a reasonable market cap, and unlikely that any of them will 10x their market cap from here, and even if they will, they current price is where they will be in 10 years, if any of them going to be still alive.

So you, he small, retail investor is ticked into a game, where you rarely have a chance to gain big on those tokens.

And I would say, sham on Binance, that they play such a dirty game. I know, many of here are addicted to buy and sell, addicted to leverage, etc, and when they list something on Futures the first day of a token birth, that's pure spit in your face, and no matter, if you short or long, you very likely loose on those, unless you stop using high leverage, and have more patience. 😘

SAGA

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patience is the key for high probability trade entries. Now that bitcoin hits the last low, and many got stopped out or liquidated, itnis a good idea to bet the support to hold, with a tight stoop loss below the low. Many ALTs also cleared the lows. This should act as a support level, until not breaken significantly. This is the best entry point for a long position for many ALTs. For short term most likely you an gain some percent moves to he upside, so traders can quickly make some money, but as I started, patience is the key, and the latest sideways range can easily be continued, and run your trades to the range highs. Remember, in trading, you buy support, sell resistence.
Some ALTs I'm trying a long: $VET $AR $FTM #link #glm and many more.

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$ALGO and $VET are two project I'm watching that have very strong fundamentals, and very low trading volume and extremely underwater. Both of these projects survived the bear market, improve and brought new features, both has exceptional partnerships in real world business cases, yet it looks nobody gives a shit. Both had an extremely long accumulation period, and both couldn't recover and hit new all time highs, yet.

I think they both will have a parabolic move, but nobody can tell when, so it might be a good idea to allocate some funds on spot and wait patiently for your 10+ X on these tokens. High trading volume will come when of course it's too late. Currently trading spot trading volume compared to their market cap is around 1%. These are the gems, that currently nobody interested about until they FOMO, because they will rip the charts.

I don't have a trade idea, this should be a patient investment idea.

If you have any insights to add, both pros and cons, please comment below.

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#spot looking at Binance spot trading data, most of the coins are mostly sold by small and madium holders, while big orders are in green, in he past 24 hours or so. This means to me that paper hands selling, smart money buying..

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$ALGO It seems it will close above daily MA20, and whenever it does, almost never stops there. IMO this is bullish, and we will trade it above 0.2 very soon again.

ALGO

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$BTC
Bitcoin 4h just closed above MA50 which acted as a strong resistance since the beginning of June. If it can hold it, my short term target is MA200 which is slightly above 66000.

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$BTC first potential close above 4h MA50 since the 10th of June.

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$SAGA I think saga will do a 10x, potentially reach even a little bit higher, like $18 and then in the next bear market it will crush way below $1 but for now it has a high potential to make some profits from it, and now is a good time to DCA or go crazy and buy with leverage.

SAGA

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$LDO Is Binance telling the future? literally there is falling knife on the chart, yet Bincance consider it a rapid riser. 🤔🎰

LDO

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Have you bought any NFTs recently? #NFT

yes

0%

no

100%

1 votes • Voting closed

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$ETH 24h trading volume of etherium on binance spot market is less than the 24h trading volume of $NOT on spot binance. WOW. however $NOT trading volume is declining, potentially bearish in the coming days.

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$GLM Point of interest 200 MA on the daily chart. A quick wick is possible, and in that case, my limit long order is ready to be filled.

GLM

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#NOT is the only meme type of token amongs doge and shib that has the reality to reach $1. But the only way to gain big on this moves is on spot. For instance I was buying below 0.005, unfortunately on futures, with leverage, and couldn't be part of this massive move because had to be stopped before getting liquidated. Sometimes you see people sharing screenshots of being in trades with 20-50 leverage but in reality most of the time you either get liquidated of stopped out before a big move to your favour would happen, it is probably 1 of 1000 such trade which end up being successful and run in to 100% plus moves. I'm successful on futures when I target small 1-3% moves, but whenever I try to let a trade run for long to possibly be in 10%+ moves almost always get stopped out, or sometimes liquidated, actually I got liquidated at least 100 times in the past few years on bincance futures, yes around 100 times I blew up my futures account, and had to reload, but when started I was so successful with quick scalping, was making 100-300$ a day, only until tried to run trades longer for higher gains, started to f$ck up everything. So I'm trying the quick scalpings for 1-2% moves again.

NOT

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Market cap bullshit. Are you telling me that in one day, on a Saturday, 500 million us doller flood into #not and some other ALTs saw significant increases too, so we potentially talk about billions, but in reality doubt that billions changed hands, it's just the nature of buying pressure Vs greed and no selling. I bet, one whale with a significant amount of NOT could evaporate 500 million from market cap by only selling maybe 5 million worth of coin in a single click. Not to mention the leverage which for some reason also exists on the spot market, and for some reason for fresh coins too, although I wouldn't allow any leverage outside futures.

NOT

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Bearish

$TRB I think TRB is ready to fall, support at 80, but wouldn't be surprised if it does a -50% and go back below 50$ range.

because it is moved by whales, or at least that is what think, the amateur traders anticipating a falling wedge breakout, and a sky is the limit possibility towards 500, but, when the coin hit the 500, the amateur traders were shorting the coin already from as low as $10, and they couldn't believe hit 100, then 200, and then quickly rise to 600. now it's the opposite, average trader joe can easier imagine that it will go higher, lot of leveraged longs are accumulated, hence I believe, that it's time to drop hard.

Probably best thing to do, is to leave the coin alone, if you have it, and in massive profits, don't be afraid to take those profits, there are many better opportunities out there.

TRB

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Bearish

$BTC It happened to me so many times that after a weekend pump and a nice Monday start I joined the bull side with a long only to watch the whole weekend pump fade out by wednesday.

Now that I'd like to play this, probably will be different this time, anyways I anticipate to retest the bottom, but somehow it's never that easy.

What's is your idea for the next two days? Shouldn't we at least retest the latest bottom?