From a technical perspective, many people are still cautious with #Bitcoin❗ , this caution is correct because it has not broken the trend.
However, if we look at it from a financial perspective, we can be much more confident. Any decline during this period is an opportunity for people to hunt for bargains.
- The Fed cut interest rates, and the US retail group is currently ready to enter the market, the buying power from this group is expected to be very strong. As emphasized before, ETF users are retail users, and retail users are always afraid of running out of coins when the price increases.
- If we look at onchain activities, Ethereum has had positive changes.
Many people are still skeptical that the onchain indicators of #Ethereum(ETH) are too early, if you are skeptical, look at the performance of altcoins and other chains, which are also increasing significantly.
- If you look at the amount of stablecoins printed, it is still on a steady upward sloping chart. This shows that the trend of injecting liquidity into the crypto market is still going up, the important thing is when it explodes. #Write2Win #btc
This is the HOLD phase that I think is the best for you guys and at most the account will be divided into 2 more, the maximum DCA can accept
I believe that this time coin tech will reign and the altcoin wave will gradually start to gain momentum again. Many projects still raise large capital, at the end of this year there will be many more big projects listed on Binance to pull the wave this season
Once the train has run, it will not turn back. Dump takes a long time to clear the goods, but PUMP takes 1-2 weeks to reach the top
UPDATE PORT HOLD AND TRADE TODAY
Hold: $ZRO , $W , $APT, $SUI
Port Trade: $ETHFI , $ALT, $NFP, I just considered adding $RDNT, I'm paying attention because lending is a bit more grouped
- I will rotate the risk basket -> lower risk -> safe -> stable -> fiat in parts and stages
- The principle of this method is that the more I go into bull, the more I tend to keep the results of my efforts over the years, avoid doing the opposite, holding more risky goods, although it can increase the account quickly BUT at the same time can erase all the results of my efforts over the years
- At this time, I will base on which coin/narrative pumped first to gradually close the pumped coins and then move to $BTC, because like the principle yesterday I said, if it's x4 then increase by 25% more to x5.
- For example: That is, if I buy 1k$ in a risk coin and it x4 to 4k$, I swap to $BNB and if#BNBincreases by 25% then the 4k$ becomes 5k$. That is, compared to the capital, it's x5
- At that time, I prioritized safety, because you know that if the safe coins are divided by 2 or 3, then the risk coins are divided by 10 or 20 times, then we'll be back to square one, wasting 4 years of waiting
1. #BTC☀ After sitting and testing for half an hour, I think the market is telling the story above.
The possibility that wave 5 of this decline will return to test the base zone, where the previous uptrend started at 58k2-55k5.
2. #Altcoins But this decline will not affect Altcoin as much as the previous one because BTC.D is currently near the top. Therefore, this decline may only slightly reduce Altcoin to test the current bottom or deeper around 5-20%
Total3 is retesting support, as well as the trendline that was just broken after nearly 6 months of accumulation.
You can absolutely catch SPOT here and expect for the upcoming UPTREND Zone.
In the FOMO of making a profit, I used all my idle Stablecoins & strategic reserves to provide liquidity for W (extremely confident because before that, I ate $JUP or $STRK at 50 - 100% within a few hours).
As a result, I was at the peak when providing liquidity in the form of V3, thinking that $W would not decrease much, I decided not to cut my losses and would participate in staking to have a chance to eat the Monad Airdrop.
Now the price of $W is divided several times (the price I bought was around $1.2 and I decided not to DCA), while the Monad Airdrop is nowhere to be seen!
After this deal, I told myself that even in the most confident situation, I would only use a maximum of 50% of the Stablecoins I held!
P/s: Don't be like me, learn how to manage your capital in a disciplined way! #Write2Win #btc
That's why it is said that UPTREND can lose more money than DOWNTREND when you use leverage.
So if you have no experience with leverage from Long/Short or Margin, absolutely do not touch it.
Just SPOT for leisure, HOLD is the true love. Because as long as there is coin, there is still a chance.
For example, even if you have /4/5, but when entering the push wave, you still have a chance to return to shore, even make a big profit if the TREND is strong.
And when it is Liquid, it is considered over. So those of you who are addicted, just go within the acceptable range.
Looking at the $CYBER kill, it is really virtual. But killing like that usually means something is about to happen.
Exchange #Binance warns about projects changing supply, including several types:
- Increase supply to develop the ecosystem. This type often has a positive impact on the development of the project. Therefore, it also has a positive impact on the price after the change.
- Increase supply, but does not help the development of the ecosystem, usually changing the name, changing chat, increasing capitalization, but the price gradually decreases.
- The third type is reducing supply. The project generates revenue and uses part of the revenue to buy back tokens, burn them. to reduce supply. For example: BNB - ETH - COS .vv.....
- The fourth type is reducing supply like a pipe dream: Some projects design their own tokenmic by issuing a lot of tokens, then burning them themselves to reduce supply. This type is often MLM projects or for the purpose of scamming.
The last month of Q3 took place according to the scenario that did not follow the tradition of Crash-stamp-bear of previous years, BTC had a strong recovery momentum from 52 to 66 and closed the monthly candle and the quarterly candle at zone 63
At the beginning of September, we gave two possibilities, either 52 or 37, but there will not be 45 (as many people mentioned)
The events that took place in September showed that 52 is the Flip point of this period
(Why these two points, we have also shared in detail with some of you, if there is a chance, we will talk about it at another time, within the framework of a quick view article, there is not enough time)
After a bearish candle of Q2, the Q3 candle reacted strongly to EMA8 and closed a Doji up,
in Q4 if the price line remains above 53, the basic long-term uptrend remains unchanged #Write2Win #BTC
$WLD is XRP ver 2, guys. Was planning to increase to intimidate $TAO but sued and paid a fine
Worldcoin and its parent company Tools for Humanity were fined 1.1 billion won (about 850k USD) by PIPC.
The fine is related to the collection and transfer of iris scan data from about 30,000 people in South Korea without complying with the country's personal information protection regulations.
How to use exponential moving average (EMA) in trading #crypto .
1. What is exponential moving average (EMA)?
💠 EMA stands for Exponential Moving Average, also known as exponential moving average.
💠 The formula for calculating the EMA line can be written as follows:
EMAt = (EMA(t-1) * (1 - K) + Vt * K)
💠 In which:
- EMAt: EMA value at the current time (t) - EMA(t-1): EMA value at the previous time (t-1) - Vt: Closing price of the asset at the current time (t) - K: Multiplier - N: EMA period + Multiplier K is calculated as follows: K = 2 / (N + 1)
(In general, EMA is similar to MA, but the most recent trading sessions are calculated with a higher coefficient, the further trading sessions are calculated with a lower coefficient.)
2. How to use EMA in trading:
💠 When the price line is above the EMA, it indicates an uptrend. When the price is below the EMA, it indicates a downtrend.
💠 When the short-term EMA is above the long-term EMA, it indicates an uptrend. When the short-term EMA is below the long-term EMA, it indicates a downtrend. #btc #eth
After a night of being hit by a rocket in my bag, I took a look around this morning and the coins are still strong
A strong coin group $SUI $TAO $SAGA $AERO $ALT, just added $W , $ZRO, $ZEUS, of which $SUI is still the strongest.
The rest have almost returned to the starting point in mid-September.
Waiting for the response of the parties to see if there is a second round of health tests
Turn on the weekly chart, monthly chart for your health, holders, a few green and red candles
It has been the last 3 months, this is the 4th month of the month that#BTChas decreased, the market is red. Most of the#altcoinshave the same fate, only#SUIhas decreased slightly, don't Short to block the ship anymore, as long as Short is still up.
Currently#BTChas touched the middle BB line, in the past 3 months every time it touches this line, the price has dropped sharply and then touched the lower BB. Will this time be different?
The news of#FEDcutting interest rates has passed for nearly 2 weeks, a bang has also been released, currently there is no big news to excite the market further, along with that#altcoinhas run for a while so I am inclined to believe that the possibility of further decline is higher.
The market temporarily adjusted to use the news of the Middle East war to legitimize the price, so there's nothing to worry about.
At this point, I think your port has accumulated quite a bit of goods
When the market increases, you guys are afraid of missing the boat, so why don't you split your money to buy during corrections like this?
I think this is just a stable and necessary adjustment.
This is how the market reacts to news of war and conflict in the world
Even the strongest $SUI , $TAO in the market still have to collapse. Well, when it comes to the market, collect first and divide into small pieces to buy gradually
This market bet is for those who missed the previous wave (increased from 49K0xx)
Why wait for it to increase and break the peak before starting to buy? Just this news and many brothers are already shouting Downtrend, what's the matter?
Just the second day of October and already punching a trader brother $BTC #Write2Win #btc
Although he likes Trump - especially when he has tried to shill $BTC, this time it is entirely possible that Trump will lose and for the first time in US history there will be a female president!
Currently #crypto is thinking that if Trump loses, crypto will be dumped heavily, you guys should give up this thought or you will miss the boat!
Ignoring the factor that Trump is bullish on crypto because it is possible that he is playing a niche to find a way to get votes - it is clear that Harris's monetary policy is much crazier!
Instead of supporting and reducing taxes for businesses, Harris directly pumps money into people's spending like Thailand is doing to stimulate consumption!
Harris's policy will be an immediate drug to stimulate the economy and the financial market, ensuring that $BTC will benefit a lot #Write2Win #BTC☀
24h Price Movement: - News of the Middle East war strongly affects the Crypto and stock markets - BTC drops to $60k and fills the CME GAP, losing 6k in price after 3 days. Currently at $61k - Altcoins are down 10-15% - More than $760 million in stablecoin netflow has been withdrawn from exchanges in the past 24 hours
$BTC is a very sensitive asset to the liquidity zone. Specifically, each time this index fluctuates by 10%, $BTC can fluctuate 5 times (data calculated on average within 18 months).
For example, from March 2022 to June 2022, this index decreased by 10%, and btc decreased by about 65% of its value during that period. March 2020 - April 2020, Global Liquidity increased by 10% and BTC increased by 137%.
I expect global liquidity to continue to grow well in the next 6 months (the chart I see is the monthly frame). There will be necessary fluctuations but the large time frame is quite clear. #BTC #eth
Iran attacks Israel, people panic, fearing WW3. Stocks and crypto are in red.
Many people have decided to sell off
However, before panicking, keep repeating in your mind:
- FED will cut interest rates - China with a large economic stimulus package - Global liquidity is increasing - Historically, crypto's Q4 has the best performance - FTX refunds - Presidential election is coming
=> This drop is a gift.
Don't panic, be patient and continue DCA (if you have capital. Prioritize the #altcoin market leaders in last week's rally.)
A very strong test of $SUI
$BTC dump and token unlock schedule in 1 day
I'm only interested in the price reaction of $SUI when $BTC dumped, the other unlock has been happening for months and years now, seeing SUI increase so naturally brought it out to scare people
Waking up early in the morning and seeing the red is so bright, guys!
Is there anyone who is afraid to sell coins to wait?
For several months in a row, every beginning of the month is red, isn't that great?
In addition, looking at the decrease table, I see that the $TON series has decreased so much, I wonder how many of you have bought this series in the past days?
#SUI is the most dedicated project this season, seeing it keep going up makes me so happy.
I saw on Twitter a few days ago that some Fud saints #SUI #SUI are nowhere to be found.
Holding SUI for 2 years also sees SUI shining one day.
I continue to maintain an optimistic view for at least the next 6 months. Short-term volatility is not included in this plan and the portfolio for this plan does not have a plan to handle short-term volatility.
As long as $BTC is in the 2 price zones in the picture, it is still a good accumulation zone or a zone where it is not worth selling.
Altcoins in general have been much more positive. Not too optimistic about altcoins in October but November and December will be more positive. The narratives I spread money mostly are: AI, dePIN, memes, new DeFi and L2.
I still have not cut/closed this portfolio to date. The action plan is still in place.
About $EIGEN , there is information about the initial supply being much higher than 40M, waiting for the team to give the official number or for those who are diligent to sit and watch the chain.
I see the exchange list around 3-4 under 2 seems low and around 10u is probably out of breath.
I will start selling when the list is up, the coin will be farmed and sold for airdrop. In the past, I sold $ETHFI around 4 and then 3, then it x2, I also sold most of $ENA from 0.6-1.1 but could not sell above 1.5u.
So it is not certain that selling will be the peak of things.
List Bybit 11am and Binance 12am so I will take advantage of that time to sit at the computer.
I will write a detailed summary of Q4 trend and other things later. I will probably post it in the afternoon. #Write2Win #btc