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The price of Bitcoin has approached $100,000, and Bitcoin's market share has risen to around 60%, while altcoins remain stagnant at the bottom. Is there still hope for altcoins?
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Green Plum Boiling Coins: Bitcoin Approaches 100,000; Why Are Altcoins Still Motionless?
The price of Bitcoin has approached 100,000, and its market cap share has risen to around 60%, while altcoins remain at the bottom, unmoving. Is there still hope for altcoins?
My view presented in (The Ordinary Person's Cryptocurrency Trading Manual) is that the altcoin season is the result of capital rotation in the later stages of a bull market, generally occurring after Bitcoin experiences continuous large increases and capital overflows.
History always tends to repeat itself; let's take a look at history first.
On January 3, 2021, Bitcoin's market cap share reached 73.61%.
On January 8, 2021, the price of Bitcoin peaked at 42,000, rising more than tenfold from the bottom of 3,782 over 301 days.
My view presented in (The Ordinary Person's Cryptocurrency Trading Manual) is that the altcoin season is the result of capital rotation in the later stages of a bull market, generally occurring after Bitcoin experiences continuous large increases and capital overflows.
History always tends to repeat itself; let's take a look at history first.
On January 3, 2021, Bitcoin's market cap share reached 73.61%.
On January 8, 2021, the price of Bitcoin peaked at 42,000, rising more than tenfold from the bottom of 3,782 over 301 days.
See original
Green Plum Boiling Coins: Bitcoin Approaches 100,000; Why Are Altcoins Still Motionless?
The price of Bitcoin has approached 100,000, and its market cap share has risen to around 60%, while altcoins remain at the bottom, unmoving. Is there still hope for altcoins?
My view presented in (The Ordinary Person's Cryptocurrency Trading Manual) is that the altcoin season is the result of capital rotation in the later stages of a bull market, generally occurring after Bitcoin experiences continuous large increases and capital overflows.
History always tends to repeat itself; let's take a look at history first.
On January 3, 2021, Bitcoin's market cap share reached 73.61%.
On January 8, 2021, the price of Bitcoin peaked at 42,000, rising more than tenfold from the bottom of 3,782 over 301 days.
My view presented in (The Ordinary Person's Cryptocurrency Trading Manual) is that the altcoin season is the result of capital rotation in the later stages of a bull market, generally occurring after Bitcoin experiences continuous large increases and capital overflows.
History always tends to repeat itself; let's take a look at history first.
On January 3, 2021, Bitcoin's market cap share reached 73.61%.
On January 8, 2021, the price of Bitcoin peaked at 42,000, rising more than tenfold from the bottom of 3,782 over 301 days.
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sci-hub is a paper sharing website, Z-Library is the world's largest free eBook download site, so the meme coin ZLIBRARY is of the same type as sci-hub. Currently, sci-hub has a market value of tens of millions, while ZLIBRARY's market value is only tens of thousands. #ZLIBRARY #scihub #meme_coin
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I just took the risk and charged some meme coins ZLIBRARY, the contract address is 8hHcXxGF9UVH9BUeEVhGNQL8xEE6awK91UF4ERirx12g.
Because I am a loyal user of z-library, almost all the books I read in the past two years were downloaded from z-library. In addition, I saw someone emailed z-library to donate this meme coin. Although it is hype, only when the market value is built up, the donation will be meaningful. I agree with this.
z-library provides free e-books to the world, and it is entangled in lawsuits. The domain name is often blocked. It is indeed quite difficult to operate. If you use meme coins, it is indeed a good way. #ZLIBRARY #meme_coin
Because I am a loyal user of z-library, almost all the books I read in the past two years were downloaded from z-library. In addition, I saw someone emailed z-library to donate this meme coin. Although it is hype, only when the market value is built up, the donation will be meaningful. I agree with this.
z-library provides free e-books to the world, and it is entangled in lawsuits. The domain name is often blocked. It is indeed quite difficult to operate. If you use meme coins, it is indeed a good way. #ZLIBRARY #meme_coin
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The news said: Two anonymous sources revealed that SpaceX plans to launch a tender offer in December this year to sell existing shares at $135 per share, with a valuation of more than $250 billion.
So I searched for SpaceX meme coins on pump.fun and bought 1 sol. I don’t know if there will be anyone to speculate in the future, so I just treat it as buying a lottery ticket. #SpaceX
So I searched for SpaceX meme coins on pump.fun and bought 1 sol. I don’t know if there will be anyone to speculate in the future, so I just treat it as buying a lottery ticket. #SpaceX
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Bitcoin has surged to an unprecedented volume today, with the trading volume in the previous hour already comparable to the volume when it pierced 49000. Therefore, the current price already reflects the price of Trump being elected president. Even if the final result is Trump's election, it could still lead to a sell-off; if he is not elected, it would be even more bearish. From a structural perspective, we have also reached the theoretical target near the butterfly harmonic. Therefore, I believe 75000 - 76000 may be the top of this phase, so be cautious of a pullback. #BTC走势预测
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From my intuitive feeling, there is still a hint of optimism in the market. Many believe that the bull market for Bitcoin and the entire cryptocurrency market should arrive sooner or later, but the trading market is essentially a gladiatorial arena, a meat grinder; without experiencing life and death, how can one see the dawn?
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On Monday, from the perspective of shark harmonics and wedges, Bitcoin may be pulled to 67,000-67,500. It has already been pulled to that point, and the harmonics can no longer see the point behind.
If we look at the liquidation heat map, we can see that there is a heavy pressure near $70,000. At present, the long and short are still fighting, and the outcome is unpredictable. #BTC走势预测
If we look at the liquidation heat map, we can see that there is a heavy pressure near $70,000. At present, the long and short are still fighting, and the outcome is unpredictable. #BTC走势预测
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Green Plum Coin: An Unreliable Guess on Bitcoin Structure
Bitcoin Market
An unreliable guess about the overall structure of Bitcoin is:
The drop from 73777 to 49000 is the big A wave.
Since 49,000 it has been a big B wave.
After the big B wave rebound ends, there will be a rapidly downward C wave.
So what is the situation now?
What we are seeing now is the big B wave rebound. The first wave ⓐ of big B has been completed. What we are seeing now is the ⓑ wave, and the ⓑ wave is in the shape of a complex terminal wedge.
Let's talk about this ending wedge
The ending wedge is composed of 5 small waves. Currently, waves ⒜ and ⒝ have been completed, and the current wave ⒞ is in progress. After wave ⒞ is completed, the upper edge of the triangle can be determined.
An unreliable guess about the overall structure of Bitcoin is:
The drop from 73777 to 49000 is the big A wave.
Since 49,000 it has been a big B wave.
After the big B wave rebound ends, there will be a rapidly downward C wave.
So what is the situation now?
What we are seeing now is the big B wave rebound. The first wave ⓐ of big B has been completed. What we are seeing now is the ⓑ wave, and the ⓑ wave is in the shape of a complex terminal wedge.
Let's talk about this ending wedge
The ending wedge is composed of 5 small waves. Currently, waves ⒜ and ⒝ have been completed, and the current wave ⒞ is in progress. After wave ⒞ is completed, the upper edge of the triangle can be determined.
See original
Green Plum Coin: An Unreliable Guess on Bitcoin Structure
Bitcoin Market
An unreliable guess about the overall structure of Bitcoin is:
The drop from 73777 to 49000 is the big A wave.
Since 49,000 it has been a big B wave.
After the big B wave rebound ends, there will be a rapidly downward C wave.
So what is the situation now?
What we are seeing now is the big B wave rebound. The first wave ⓐ of big B has been completed. What we are seeing now is the ⓑ wave, and the ⓑ wave is in the shape of a complex terminal wedge.
Let's talk about this ending wedge
The ending wedge is composed of 5 small waves. Currently, waves ⒜ and ⒝ have been completed, and the current wave ⒞ is in progress. After wave ⒞ is completed, the upper edge of the triangle can be determined.
An unreliable guess about the overall structure of Bitcoin is:
The drop from 73777 to 49000 is the big A wave.
Since 49,000 it has been a big B wave.
After the big B wave rebound ends, there will be a rapidly downward C wave.
So what is the situation now?
What we are seeing now is the big B wave rebound. The first wave ⓐ of big B has been completed. What we are seeing now is the ⓑ wave, and the ⓑ wave is in the shape of a complex terminal wedge.
Let's talk about this ending wedge
The ending wedge is composed of 5 small waves. Currently, waves ⒜ and ⒝ have been completed, and the current wave ⒞ is in progress. After wave ⒞ is completed, the upper edge of the triangle can be determined.
See original
On September 27, I clearly reminded in the group that ordi had reached the pressure level of $43, and I should pay attention to reducing positions and defending. In fact, ordi rebounded to the highest point that day, and then continued to fall until now. The nearest support is $28. #ordi
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