1. Track the % of SOL staked and if that % is going up. Wait so long the % increases.
2. Know that Solana will continue to pump at first. Don't rush. 2024 will likely be a bull year.
3. Once fanboys start going euphoric and call for SOL's price reaching $1,000, pay attention. Look for posts like "I sold my house for more Solana".
4. While retail or "dumb money" are congratulating themselves for being so "smart" the VCs or "smart money" will start unloading.
This is when staking % starts to decrease as SOL's price goes higher = a bearish divergence! Get ready, that's your sell signal.
5. When SOL's price starts going parabolic and forms a bearish divergence (see #4), VCs will unload hard. This usually happens as the price breaks all-time highs one after another.
Sell the FOMO and euphoria when that happens. The stronger it is, the more you should sell. Liquidate all your SOL on the way up. DCA out.
6. WAIT after you sold it all. Don't chase if the price goes higher still. Timing the market is not easy. Buying FOMO is a poor risk/reward play at that point and you're just gambling.
7. Once Solana makes two consecutive lower highs and lower lows on the weekly timeframe, it's time to look for shorts. Unstaking % is picking up? Even better, more coins about to dump. Shorts will do well in this environment.
8. Most retail buyers have no concept of cycles, price momentum and VCs behaviour. If this is your first cycle, do NOT hold altcoins after this bull market ends. They crash 90% to 99%.
How do you know when this bull market is over?
I will tell you. So hit a follow @BitEagle News
Last bear market, SOL crashed 97%. That means $1,000 turned into $30. Don't be that guy.
Take your profits and GTFO.
Those selling their house for more SOL as the price breaks into new ATH are just transferring their wealth to the VCs dumping on them.
Smart money gets rich, dumb money gets poor. Nothing new under the sun.
Amazing. At the time of writing these lines, #Solana has exceeded the $36 mark. +11% in 24 hours +70% in the month of OctoberHow far will $SOL go? Will it reach or exceed the psychological threshold of $40?
On May 22, 2010, Laszlo Hanyecz paid 10,000 Bitcoins for two delivered Papa John's pizzas. Guys! Today at this time it's worth 343,052,001 dollars. And it's not even the $BTC all time hight yet...
You may cook the largest pizza in universe with 10,000 $BTC !
On May 22, 2010, Laszlo Hanyecz paid 10,000 Bitcoins for two delivered Papa John's pizzas. Guys! Today at this time it's worth 343,052,001 dollars. And it's not even the $BTC all time hight yet...
You may cook the largest pizza in universe with 10,000 $BTC !
SEC : 8 to 10 applications for spot Bitcoin ETFs under consideration
Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), confirmed that the agency has 8 to 10 applications for spot Bitcoin ETFs with different filing dates under consideration. Financial services firm Cantor Fitzgerald said it is âincreasingly confidentâ the SEC will approve them.
On May 22, 2010, Laszlo Hanyecz paid 10,000 Bitcoins for two delivered Papa John's pizzas. Guys! Today at this time it's worth 343,052,001 dollars. And it's not even the $BTC all time hight yet...
You may cook the largest pizza in universe with 10,000$BTC !
Today, October 29, 2023. Continuation and end of this story in 3 parts on #Solana asking the question of its resurrection after the setbacks encountered with the scandal #FTX Where is Solana Today and more particularly the ground? Is crypto done with its FTX demon? Almost 1 year has passed since the collapse of FTX. A devastating collapse for the crypto market. For many months, the main currencies were at half mast. From #Bitcoin to #Cardano via#Ethereumand its multitude of altcoins, no crypto has been spared, and not just because of FTX. The SEC (Securities and Exchange Commission), the American federal body regulating and monitoring financial markets, has put pressure on several crypto players, notably exchanges like Coinbase and especially XRP which saw its trial end in a victory for the latter. Concerning SOLANA and its dizzying 96% drop in its price at the time of the revelation of the FTX scandal, the crypto seems to be doing better but also its blockchain which has not experienced any major incidents since. It even seems that the entire SOLANA ecosystem has been strengthened and improved. At the time of writing, the price of sol is at $33, approximately 85% loss compared to its ATH of November 6, 2021 at $260. But the most important thing is to note the resilience of its community and its investors. We thought SOLANA buried, finished, forgotten. This is not the case and today $SOL still holds 6th place in the ranking of the largest cryptos in terms of market capitalization. However, if SOLANA cannot fully take off to return to its former peaks, it is perhaps also because the FTX specter still looms. At the beginning of September, the price of land fell by 6% to $18.38. The reason is simple and not reassuring. FTX has several hundred million dollars of SOLANA tokens. The fear of a liquidation of these tokens makes us fear the worst, such as a definitive descent into hell for SOLANA who could never recover. However, by court decision, FTX can only liquidate its crypto holdings in increments of 50 and then 100 million dollars in order to avoid side effects on the entire crypto market. However, on October 15, FTX placed 5.5 million Solana tokens (SOL) in staking, or approximately $121 million on that date. A liquidation of SOLANA tokens is therefore not on the agenda, better yet, FTX is counting on this new investment to bring in new liquidity. As of October 24, Solana's total value locked (TVL) reaches a record $12.72 billion. This news caused SOLANA to gain 7% in the days that followed. More recently, SOLANA gained 35% in one week in a bullish market, a total of +200% since the start of the year. This is the best altcoin performance in the top 20. Ethereum has validated an increase of 20% over this same period. Only bitcoin does better with +40%. So everything is not so dark for SOLANA and its investors. SOLANA will therefore live again. For the moment at least because as long as the FTX case is not over and the company still has millions of sol tokens in its wallets, anything can still happen and investors will continue to be careful. The FTX trial continues âJ I made several small mistakes and also some big ones. The biggest by far was not having a risk management team in placeâ Sam Bankman-Fried. Today, the founder of FTX, Sam Bankman-Fried aka SBF, denies having defrauded his clients during his hearing in New York federal court, while admitting to having made management âerrorsâ but not fraud. âSBFâ is on trial for having organized the illegal use of funds deposited on FTX without the knowledge of clients. Up to $14 billion was siphoned off to fund Alameda Research's often risky investments. At the time of FTX's bankruptcy in November 2022, some $8 billion was missing. The majority has since been recovered by liquidators and is expected to be returned to clients in early 2024. This was the last article on this story laying out the story around SOLANA and FTX. If you liked this series, consider following me to discover new stories about Bitcoin, Ripple, Ethereum, Dogecoin... And of course, tips from the community are welcome. See you soon. Crypto Story
Today in the world of cryptocurrency, as in that of investment and the stock market in general, it is difficult to âtimeâ the market. It is difficult to know when exactly a crypto will be at its lowest to enter and when a crypto will be at its highest to exit and take profits. But some technical indicators open the door to predictions and speculation. There are graphical indicators and there is sentiment. The graphic indicators are quite telling and predict the future trend. Sentiment gives a general idea of ââthe market at a given time and much closer than the future. This sentiment shapes the candlesticks on the charts and helps define whether the market is bearish or bullish.
So what is your feeling about the market? Will it continue in its current bullish form or will it turn around before the end of the year? Will $BTC reach $40,000 or drop back to $25,000? You have the floor in comments.
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