Maybe there are still many friends here who don't understand the fear and greed index?
try to comment on anything you don't know about crypto!!
#cryptocurrency

Shiba Inu (SHIB) has become a concern in the crypto world, with its ecosystem development and adoption increasingly in the spotlight.
Trading at five zeros in its price, SHIB is currently hovering around the US$0.00000675 mark, making it available for purchase at a historically low price.
This popular dog-themed memecoin has caught the attention of many people, as it provides an affordable opportunity for ordinary investors without requiring a substantial financial commitment.
Get Rich Because of Shiba Inu (SHIB)
As SHIB continues to trade at five zeros, the cost of owning this token has become more accessible than ever. By investing just US$6.75, investors can collect an impressive 1 million SHIB tokens.
This extremely low price is a significant drop from previous levels, as SHIB has experienced a continuous decline in value in the last three months.
Based on a Watcher News report, an investment of US$6.75 can currently add 1,000,000 (1 million) SHIB tokens to an investor's portfolio.
The interesting part is what might happen if Shiba Inu manages to reach the elusive price of US$0.01 in the future.
In that scenario, an initial investment of US$6.75 could potentially turn into an impressive US$10,000, representing an incredible return on investment (ROI) of over 100,000 percent.
For those willing to commit more, an investment of US$100 today could result in the accumulation of nearly 15 million SHIB tokens.
If SHIB ever reaches the prestigious milestone of US$0.01, that US$100 investment could jump to US$148,500.
However, if the crypto market recovers and starts a bullish trend in the next few years, these two worlds may converge, and SHIB tokens can eventually be converted into US dollars.
However, it is worth remembering that this prospect is long-term and may take years, or even decades, to materialize.

Bitcoin Price Observed to Rise Above US$ 29,000, This is a Factor

In price movements at the end of the second week of October 202, Bitcoin (BTC) experienced a significant increase and reached a range above US$ 29,200. Reporting from cointelegraph.com, Bitcoin's rally follows the emergence of a number of important news in the crypto world.
1.Decrease in BTC Supply on Exchanges
Simultaneously with the rise in Bitcoin prices, the supply of BTC on exchanges continues to decline with the availability of this asset remaining below the monthly peak that occurred on September 4. This trend is considered a bullish signal by the market as traders tend to withdraw BTC from exchanges when they intend to keep it in long-term self-storage.
On October 19, long-term Bitcoin holders reached 76 percent of all BTC holdings for the first time in history.
A reduction in Bitcoin from these exchanges can have a significant impact on the price, and recent data shows significant liquidation of BTC short positions. In the last 24 hours, more than US$ 10.1 million in BTC short positions have been liquidated, with more than US$ 8.5 million in short positions having been liquidated within 12 hours.
2.Institutional Interest Increases Market Sentiment
The trigger for this bullish sentiment can be traced back to US Appeals Court Judge Neomi Rao's decision in favor of Grayscale Investments in its case against the US Securities and Exchange Commission (SEC) in August. This decision prompted a number of large institutions to apply for ETFs.

Despite repeated efforts, the SEC has been reluctant to approve a spot Bitcoin ETF, even with applications from financial giants such as BlackRock, Fidelity, Cathie Wood's ARK and 21Shares.
All these factors, combined with an increase in the Bitcoin Fear & Greed Index, which went from fear to neutral. This index contributes to creating very positive sentiment in the crypto market.
#bitcoin #BTC

Calgary Becomes One of the Targets of Crypto Scammers, Authorities Warn This!!
Canadian authorities in Calgary, Alberta have issued a special warning to its citizens regarding a significant increase in crypto asset related fraud. The reason is, during 2023 victims in this area have reported losses exceeding US$ 22.5 million due to fraudulent schemes,
This was revealed after many Calgary residents have become victims of 340 crypto frauds reported since the beginning of this year 2023, which is a significant increase from the previous year. In 2022, the city recorded 321 reported frauds, with lower financial losses of around US$14 million.
Calgary, known for its historical importance in the Canadian oil industry and its ranking as the world's third liveable city by the Economist Intelligence Unit, is currently battling a growing wave of crypto-related fraud.
Despite growing concerns, Calgary Police did not provide much when contacted by several members of the Canadian media.
However, in a mid-2023 update the company showed a global decline in crypto crime. However, this decline does not appear to be reflected in the situation in Calgary. A survey conducted in June 2023 by Toronto Metropolitan University revealed that one-third of Canadian digital asset owners have fallen victim to crypto fraud.#scammer#cryptonews #cryptocurrency

Ada yang ngelong ETH/BTC sekitar Rp 1,1 triliun, sisa sekitar Rp 204 miliar.
#trading #bitcoin #ETH #long

Binance America Stops All USD Withdrawals, What's Up?
Amid increasing regulatory scrutiny regarding crypto assets in the United States, Binance.US has officially stopped all US Dollar (USD) withdrawals. This important step comes as a result of modifications to the platform's terms of service that recently went into effect. This was reported by watcher.guru's X platform account, Wednesday (18/10/2023).
Binance also communicated this announcement message to users via email, and this change now requires Binance.US customers to convert their dollars into stablecoins or other digital assets before initiating withdrawals. Additionally, the updated terms explicitly state that deposits in US Dollars are no longer insured by the FDIC.
For background, the FDIC was launched in 1933 during the Great Depression to protect Americans from losing their funds when their banks collapsed. Since its launch, leading financial institutions, including crypto-related companies have utilized the service to insure their customers' funds.
However, the Federal Trade Commission (FTC) recently warned that FDIC insurance only covers bank deposits and not funds held at crypto-related companies.
“Please be aware that crypto deposits are not insured by the FDIC. "If something happens, the government may have no obligation to step in and help return investors' money," the FTC said in a statement.
#usdt #Binance

3.Doji
Doji
The next pattern is Doji which has more complex characteristics. This pattern has a very thin body and even looks like a line, because the open and close prices are the same. This is because buyers and sellers are unable to maintain control.
In general, Doji is a consolidation signal that is useful for providing information regarding the direction of the next price movement. Confirmation is needed from the next candlestick bar after the Doji.
The accuracy of this doji is on the medium and strong scale. This pattern is divided into four types, namely: Long Legged Doji, Dragonfly Doji, Gravestone Doji and Four Price Doji.
#trading #candlestick

Marubozu
This type of pattern is a candle body that does not have a shadow. So it looks like a head without hair.
This Marubozu shows a signal of a strong movement from either the buyer or seller side which is likely to take place in the next few periods.
In this pattern we can get a bullish or bearish signal which will depend on the open and close prices in the candle, so the accuracy is quite high
#candlestick

SPINNING TOP
From this spinning top we can get bullish or bearish signals, depending on the open and close prices of the candle.
This pattern has low and medium accuracy for predicting price movements.
The characteristic of a spinning top is that it has two elongated shadows at the top and bottom with a small body.
This pattern reflects uncertainty between buyers and sellers. This graph is usually considered neutral, because in that period there is a deadlock.
When this spinning top appears during an uptrend it means there are more sellers than buyers, when it appears in a downtrend it means there are more buyers than sellers.

How to Read Candlesticks
On a chart, each candle or bar shows the open, high, low, and close prices for the trader's chosen time frame. For example, if a trader sets the time frame to five minutes, a new candle will be created every five minutes.
For intraday charts, the open and close prices are for the start and end of the five-minute period, and not the trading session. Bars or candles also show the current price when it was formed, whether the price moved up or down over a certain time period, and the price range the asset covered at that time.

BTC RETEST TO CONTINUE REDUCTION!!??
if you look at the trend line, btc is still going down, there is an increase because btc only retested in the 30K area and there is fave news from the SEC
#BTC #sec #Crypto2024 #trading

Crypto Exchange Upbit Obtains Principle Permit to Operate in Singapore✈️

The Upbit entity in Singapore announced that it has received in-principle approval for a Primary Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
Launching a press release on Monday (16/10/2023), this MPI license will allow Upbit Singapore to continue offering digital payment token services that comply with the Payments Services Act (PSA) 2019, while it awaits full approval.
"Since 2018, we have built a strong foundation for the digital asset business in Singapore, which is a leading financial center in Asia," said Alex Kim, Founder and CEO of Upbit Singapore. “This approval from MAS is a strategic milestone for us in deepening our presence in Singapore, which is known as the forefront of digital asset innovation.”
According to Statista data, Upbit is the largest South Korean crypto exchange by trading volume. In the country, the exchange focuses more on serving individual retail investors, while Upbit's branch in Singapore serves as Upbit's global operations center in the Asia-Pacific region.

To date, more than 12 crypto companies have received full licenses to provide digital payment token services in the country, including Ripple and Coinbase which were granted MPI licenses by the Singapore government at the beginning of October.
This is a quite influential step for market players in Asia-Pacific.
#cryptonews #upbit #BTC