I would like to provide you with an analysis of the current BTC/USDT market and a medium-term strategic outlook: The overall market trend is strong bullish, with the price hitting an important resistance level at $79,788.96. A break above this level would signal further upside, possibly reaching around $85,000. Moving averages (EMA) support the uptrend, as the current price is above the short- and long-term averages, which enhances the possibility of this trend continuing.
Who among you remembers the days of the halving? Bitcoin rose to 73 thousand, so Tal0mi thought that the halving would blow Bitcoin up to 80 thousand to 100 thousand, then it made violent corrections for a period of no less than 4 months, then it fell to 49 thousand... After Bitcoin reached its highest peak of 73 thousand at that time, everyone thought that there would be a recovery in the alternative currency after the Litecoin run...
What is published here about illusions of wealth are just tricks to lure traders to support the currency they invested in.
Everyone says that this currency is the best.....!
In trading....
According to my experience in the field of trading, I want to give you investment advice....
Learn to do your own research and your own technical analysis. How?
Enter to learn the secrets of technical analysis by practice. You will find yourself doing your own analysis. YouTube is the best source. In practice, you will learn.
Set a buying strategy and a selling strategy. Don't be greedy so that the liar doesn't eat you.
Set a significant capital, at least $ 200.
Divide the $200 into 4 reliable zero-sum currencies with projects and future investments....
Set your exit goal and get out. Don't be fooled by the rise
Learn how to manage capital between currencies...
These days I have achieved all my profits and sold all my currencies, thank God
I am here these days to answer your questions until the market falls and I re-enter again
One of the leading currencies that I advised investing in when its price was 0.2 is the ENA currency...
Today, it is achieving a strong rise and breaking the 0.5 barrier.... The future, project and goals of the currency have dimensions, and this currency will witness a recovery when the basic currencies start to reap profits.
I want your support to continue The next publication is a detailed analysis of this currency with a medium-term trading strategy
BTC Technical and Fundamental Analysis for October 29, 2024
$BTC From the current technical and fundamental analysis, Bitcoin appears to be in a bullish position in the short term, with prices ranging between $68,500 and $73,000, with bullish momentum supported by some technical indicators.
Technical analysis:
Moving Averages: The latest chart shows that Bitcoin is trading above the 9- and 21-day moving averages, indicating a continuation of the uptrend. This reinforces the possibility of reaching higher resistance levels that may reach $74,000 in the near term.
$BTC All the financial liquidity of cryptocurrencies is poured into BTC after making profits from alternative currencies or stopping the loss....
The price of 67 thousand is stuck despite the momentary drop to 65 thousand, but the return of the fixed price to 67 thousand.....
According to my personal analysis, following technical analysis at this time is completely useless....
I expect a rise to 71 thousand and stabilize it will correct to 68 thousand, which will witness a rise to 75 or 74 thousand. It is possible if it breaks the top of 73 thousand directly, this rise will not last long, and then the price returns to 62 thousand according to the expected activities after the rise due to the lack of large profits in the last four months for owners of long-term deals....
I see many here speaking with confidence and presenting their analyses as if they were divine revelation and the goal... Flooding the market with buying or flooding the market with selling, both have their own goals. There are analysts who analyze for the sake of analysis only, with no goals mentioned. Trading is based on technical analysis and fundamental analysis. Technical analysis is an analysis that depends on indicators and following the psychology of traders and the movement of the market in principle. It is not an exact science. Whales may come and mix the market papers in bulk.
As we said previously, not being able to see the direction of the Bitcoin market makes you wait for the right opportunity. The free fall within 15 minutes will reach 68 thousand, and the price will remain stable at the maximum price of 69 thousand. There are no indications of a fall or rise in prices..... You can wait and you can start saving in the long term and take precautions when the market turns upward and not miss the opportunity.
The money is your money and the decision is yours. We are here offering an opinion only
The numbers recorded by Bitcoin, including declines and declines at the level of 73 thousand, and the return of market stability without a decrease or increase, at the levels of 69 thousand and 68 thousand, are striking, which makes you confused: should I invest or wait? Yes, these unexpected market fluctuations are what make what is coming mysterious. When you follow the analyzes facing the Bitcoin market, you find that a lot is right and a few are wrong, and this is what makes you as a smart trader, which is to take caution and caution. When it hits the majority, know that you are in the shell of the targeted media.
It remains just a personal analysis 1. Trend: It can be observed that there is an upward trend represented by a purple trend line that supports the price from below, and this indicates that the market is in an upward phase in the short term. 2. Support and resistance points: - Support: A support line can be observed at level 0.300 and the purple line of the uptrend which also acts as support.
#ENA This investment currency, which has set long-term marketing and investment goals, its launch on Binance, a strong start for future investments and projects, has made many owners of digital currency projects rush towards issuances that do not differ from the goals of ENA.... The ENA currency is not and will not be linked to the central currency Bitcoin.
Just as we expected the rise of the PEPE currency simultaneously with the rise in the price of Bitcoin...
PEPE whales are social people who love competition, which makes them special... Take advantage of the whales in the heart of the market. It is time to buy at 0.000007 and sell at 0.00001 for medium-term traders. Ride the competition train, bringing down the market by selling and buying back to revive the sale.....
The fluctuations that the digital currency market is witnessing and the ambiguous outlook in the near term coincide with the Bitcoin halving event. Most analysts believe that the digital currency market will witness a recovery in this period, but what we see on the ground is completely contrary to the expectations of many. The#PEPElaughing meme currency depends mainly on the media hype. It basically relies on fundamental analysis more than technical analysis. The nature of meme currencies is reviving and taking on an upward trend based on the hype of the media and societies. However, the noise of the historical event of the Bitcoin halving made meme currencies disappear from sight and Everyone was watching the movement of Bitcoin, and traders were astonished about the fate of meme currencies after the halving event.