Category: Weekend Consultation - First Issue (01)

Let's start a special section with MGS Trading dedicated to coin trading enthusiasts! This will be a new section where you can ask any questions related to the world of cryptocurrency:
• Are you a newbie and want to understand the basic concepts clearly?
• Do you need advice on technical analysis (TA) or fundamental analysis (FA) for potential coins?
• Or do you simply want to learn how to manage capital, mitigate risks, or any other questions in your investment journey?

Don't hesitate to leave your questions in this post. We will compile and answer them in the most detailed and understandable way each week, ensuring you receive useful information to be ready for the new trading week.

See you tomorrow <3

Nvidia's revenue is skyrocketing, can AI tokens benefit?
Nvidia-NVDA, quarterly revenue over the years:
1. 2024: $35.1 billion
2. 2023: $18.1 billion
3. 2022: $5.9 billion

Nvidia has just announced that its revenue for the third quarter of fiscal year 2024 has nearly doubled compared to the same period last year.
Even more impressive is that the company's revenue has more than tripled in the previous year.
Nvidia's revenue is truly growing exponentially.

This is also why AI tokens are quite strong in this year's uptrend season, remember when Nvidia announced revenue in previous quarters it also led to strong growth of AI tokens. Nvidia's revenue also helps investors feel confident in holding AI tokens this season.

ETH rebounds, is L2 showing its voice?

After the article we posted yesterday discussing our sluggishness compared to the overall market. Today, ETH has surged 10% in just 12 hours, pulling the entire L2 coin ensemble up.

OP has led L2 with an increase of over 30% in just a few hours, closely followed by tokens from the same system that also saw growth of over 10%.

The sideways movement of BTC at the peak, along with the reduction in DOM when reaching the 61.8 - 62% mark which we warned about from the previous cycle, has yielded clear results.

However, you should avoid FOMO as BTC is nearing an RSI of 80 and could adjust at any moment. These adjustment periods are suitable for you to restructure your portfolio.

Wishing you a successful uptrend season.

BTC continuously reaches ATH but both short-term and long-term spot accounts are still in the red :)))
It must be said that this season is the most difficult to play since BTC was launched. It seems that both holders and traders are overly confident in previous cycles, leading MMs to become increasingly aggressive and unpredictable. Altcoins continuously rise, creating FOMO momentum, then adjusting sharply. Since March, although BTC has continuously reached ATH, it still cannot reverse the long-term downtrend of altcoins. Personally, we are in a very good spot position and most are making profits. However, when compared to the performance of holding BTC, it’s not much better. That's why BTC holders are the real winners.

Goodbye $C98, the scam coin disguised as a unicorn :)))

The trading pairs have been delisted from Binance Margin due to various factors such as:

- Concerns about legality and regulation
- Unethical behavior.
- Poor liquidity and trading volume.
- Tokens and/or trading pairs may be removed from Isolated Margin and Cross Margin separately or simultaneously.

BTC continues to create new ATH, has ETH fallen into oblivion?

On the evening of November 20, BTC continued to create a new ATH around the 95,000 mark. While everyone is excited as BTC keeps reaching new highs, no one is paying attention to the ETH holders who are quite anxious.

In fact, during the previous rise to 90,000 of BTC, ETH closely followed and its growth performance sometimes even outperformed BTC. But at this stage, ETH has dropped 10% from its November peak.

Looking at the ETHBTC chart, it shows that ETH's performance will continue to decline compared to BTC and there are no signs of recovery even though L2 coins have shown positive signs during this period.

This season, trading ETH is quite challenging, as the market makers often push ETH up by 30-50% and then stagnate for a relatively long period.

For MGS Trading, ETHBTC will continue to cycle down towards around 0.0275 - 0.025 before it can bounce back and pull ETH back to its rightful position.

Fear and Greed Index exceeds 90: A worrying signal?

Currently, the Fear & Greed Index of the cryptocurrency market has surpassed 90, indicating that a greedy sentiment is engulfing the entire market. This extreme level of greed often correlates with a high phenomenon of FOMO (Fear of Missing Out), as investors rush to buy in fear of missing the opportunity.

Meaning of excessively high greed index

• The market is too hot: When the greed index exceeds 90, it reflects excessive optimism, often a result of asset prices rising sharply in a short period.
• Potential adjustment signal: History shows that when greed sentiment reaches a peak, the market often faces a major correction. This occurs due to investors taking profits, or intrinsic factors that cannot support excessively high prices.

BTC.D is bouncing back, is the market about to enter a correction?

As warned in the previous post, BTC.D is entering a recovery phase, currently after BTC.D reacted at 59.59% corresponding to fibo 0.618, it has started to bounce back.

A clear sign we can observe is that BTC yesterday increased by 3,000, altcoins benefited by 3-5%, however today when BTC surged, altcoins hardly increased and showed signs of correction in most groups.

Therefore, according to MGS trading's plan, the next correction phase of BTC along with a strong increase in DOM may cause a red wave to cover the entire market.

Manage your risks and protect your trading results from the recent period and come back here to thank me when the market corrects.

What do you think about the upcoming rekt? Please leave your opinion below.

THE MARKET CAPITALIZATION HAS REACHED ATH, WHAT OPPORTUNITIES ARE THERE FOR ALTCOINS IN THIS UPTREND SEASON?

Currently, the market capitalization has established the highest capitalization value in the history of the cryptocurrency market, with the previous peak of the market at 3B $ established in July 2021.

Notably, in July 2021, at the highest point, it only accounted for 70% of the market capitalization while BTC currently accounts for 95% of the market capitalization.

This shows that the growth potential of altcoins is still quite large. Currently, MM has begun to return to push technology coins. Gradually, technology coins have returned to dominate the top gainers recently.

Have you completed your investment portfolio? Please leave your reference tokens below.

Is the German government about to go bankrupt?
Is German democracy "unstable"?

The Ampel coalition of the three parties SPD - Grüne - FDP is dissolving to pave the way for another coalition to form a new government, which is already at the end of Chancellor Scholz's term. It is not that the German state is collapsing into a lawless and chaotic place as you might imagine or see in Myanmar.

In a German-style democracy, voting (wählen), losing votes (abwählen), is very normal; it's the core of their system. Soon, Scholz will go to parliament to call for a vote of confidence ("Vertrauensfrage"). If he does not receive enough votes of confidence, then at that point, Scholz's government will officially dissolve, and a new general election ("Bundestagswahl") will take place within 12 weeks. Everything follows the process.

What you think is "unstable" in Germany: protests, strikes, recalls, political parties fighting each other... in reality, these are what maintain the "stability" of a German-style democracy. These manifestations actually show that the people still believe in the system and the legitimacy of their government ("Legitimation"). One day when the German people no longer protest for socio-political issues, no longer believe and go to vote ("Wahlbeteiligung"), and political parties no longer argue fiercely in parliament, then that would be abnormal 🤣

Therefore, from the perspective of a Vietnamese person in Germany, I see that the German government does not have any major issues; do not believe in those influencers who sensationalize titles to affect your mindset and investment decisions.

Memecoins are considered to be the most promising investment cryptocurrencies in 2024, while other technology coins are struggling to return to the price levels achieved at the beginning of this year, memecoins have continuously surpassed ATH and have taken turns being in the top gainers in the last 2 months.

And the Solana meme is currently the most sought-after meme due to low swap fees, relatively high win rates, and attention from major exchanges. Of course, Solana - the coin regarded as the fee to trade this meme system is also providing people with a quite high return on investment.

The price of Solana has increased 30 times from the bottom created in February 2023 and shows no signs of stopping. Currently, SOL is only about 20$ away from its ATH, and I believe SOLANA will soon surpass this milestone. Remember during the last uptrend season, Solana also increased by more than 100 times.

Solana is a big cap token worth investing in during this year's uptrend season, and MGS trading has also recommended you buy with an average entry of around $130.

What do you think about the potential of this token? Please leave your comments below.

“As predicted” :)))))))
OM has actually dropped from 2.7 to 2.2 (20%) in less than 1 day since MGS’s warning. Coins that have a history of large-scale and reckless pumping and dumping like this, it’s best not to fomo them, I’ve told you so many times, but if you guys keep rushing in and almost burning out before calling for help, I don’t know how to save you.

ETH currently seems to have ended its correction. The price has broken through the bearish zone on the H1 and H4 time frames.

The current RSI also shows a clear buy signal.

In the short term, ETH will soon return to the 3,200 - 3,400 zone, most likely moving to higher zones.

ETH's performance in the recent uptrend is at nearly 50%, a fairly good increase compared to big names like SOL, BNB or even BTC.

With this chart, we can fully hope that ETH can reach 3,700 - 4,000 or even surpass ATH in this uptrend.

BNB is losing interest from investors.

BNB is a token of binance listed by MGS trading in the top coins suitable for long-term holding.

Although following the general market trend, BNB has also decreased by 45% since the peak created in March 2024 and then had a significant recovery. In the recent surge above BTC's peak, BNB has also returned to near its old peak.

Looking at the H1 time frame and above, it shows signs of growth in the coming time of this coin.

BNB is only less than 15% away from its old peak. Therefore, expecting BNB to break the peak and move towards the price of 900$ - 1000$ is completely possible.

Although BNC's appeal has decreased significantly since the LP coin continuously divided and BNC also continuously listed shitcoin memes. However, Binance's position has never been challenged.

What do you think about this coin? Leave your comments below.

MGS has been 3 months old. I also have a few words to say to the Admins and Members of the group during this time. Although I can't express it through actions, I really appreciate everyone's efforts and support. From a small group with only a few people interacting to 8k members now 😎
Happy 3-month birthday to MGS Trading 🎉🎉🎉

Done, Ae
Full TP Futures Tia
Just call here once in a while to get some luck 🥰

Overview of $OM

OM has increased by 3 times in almost just 1 week, currently it has shown signs of peaking in the H4, D time frame and can be adjusted at any time.

Therefore, if you have a long position or are thinking of long fomo, you should think carefully and limit risks. MGS trading does not encourage any future trading of this token, because the history of the token often has quite a few short kill beats with wide amplitude. After each strong increase, this token usually /2 /3

#MarketDownturn #MGSTRADING #OM