The current price of WLD is 1.72, and it is advisable to consider entering spot trading, with a stop-loss set around 1.2. You can add to your position on dips.
The initial target for taking profit is set at 2.3, and subsequent targets can expect to double. Seeing a target of five knives should be reasonable!
When the hype around AI was high, related cryptocurrencies could be seen almost every day, but now AI projects are rarely mentioned. This is a great opportunity to invest in the AI sector!
The current price of 1.72 for WLD can be considered for entry, with a stop-loss set around 1.2, and just buy on dips. The short-term profit target can be set at 2.3, and in the long run, the chance for a doubling is also quite large.
During the rebound of altcoins, meme, SOL, and AI often perform the strongest. It is worth noting that WLD also started to rise around this time last year, and the current price is close to the level before last year's increase.
Although this strategy may seem a bit like searching for a sword on a boat, it can be anticipated that AI is likely to become the main theme of this bull market, so buying at low prices is a good choice!
With the election results about to be announced, market sentiment may be affected in the short term.
Current data shows that Trump, who publicly supports Bitcoin, is leading in votes, which may bring short-term benefits to BOME and drive up the price of the currency.
From a long-term trend perspective, BOME is currently in the bottom construction stage and has ample room for growth.
It is currently recommended to open a position around 0.0073, with the first target set at 0.014.
Comparing the performance of BTC and ETH, it is not difficult to see that when Bitcoin rises, Ethereum does not follow suit; however, when Bitcoin falls, Ethereum closely follows and declines together.
There are indeed concerns about Ethereum's performance.
It seems to lack the ability to move independently, always fluctuating in the shadow of Bitcoin.
In contrast, SOL has recently performed quite strongly, gradually showing competitiveness.
If Ethereum continues to maintain this passive following trend, it could indeed affect its market position.
The current price of ARK is 0.426 USDT, it is recommended to open a long position with a small amount. The stop loss can be set at 0.41 USDT, and the take profit target is 0.49 USDT.
The current market is like a blunt knife slowly cutting meat, which brings great psychological pressure to people.
The main force sends you a signal through the continuous price drop: "Are you going to leave?"
If you don't sell, it will continue to fall: "Still not leaving?"
Then it fell again: "Are you sure you don't sell? If you don't sell again, it will fall sharply!"
Finally, retail investors couldn't help panic and began to sell at a loss.
Some people didn't sell in time. Seeing that the price continued to fall, they began to regret, but they were unwilling to do so. They thought to themselves: "If I give me another chance, I will definitely sell it when the price rises to the previous high."
This is human nature. When the account continues to lose money and the loss is getting bigger and bigger, the initial bold words - such as "I want to get the top of the bull market, and I won't sell it until the bull market ends" - have been forgotten.
In the constant shocks and losses, the mentality gradually changes. Over time, the fear and anxiety gradually accumulate, which eventually leads to their hesitation, and finally they choose to sell at a loss.
Will there be no general rise in altcoins in this bull market? This is indeed a question worth paying attention to. Here are some of my analyses:
1. Insufficient participation of retail investors
Since the halving, the number of new retail investors in the market has been relatively small, and those who have entered the market are basically the old leeks. The lack of fresh blood makes it difficult for altcoins to obtain sufficient funds to promote.
2. Too many currencies and huge demand for funds
There are too many new and old coins in the market.
If there is to be a decent general rise, the amount of funds required may be very large.
In this year's market, large currencies are still the main ones, and large projects such as Bitcoin and Ethereum still attract the attention of individuals and institutions.
Will institutions be willing to allocate altcoins on a large scale in this environment? It seems not too optimistic.
3. The impact of the 413 crash
This year's 413 crash makes me feel that there are factors of human manipulation in the market.
It seems that some funds are eager to withdraw, and the process of market recovery may be very long.
This emotional suppression will lead to a lack of motivation for altcoins to rebound in the short term.
4. New coins are performing poorly
Recently, the newly launched coins have generally performed poorly. Many coins have fallen all the way, halved and halved again, lacking bottom support.
The retail investors in the market have limited funds, and whether they can continue to support these coins has become a big problem.
The funds in the market are limited, and the pressure to cash out has made the performance of many coins even more sluggish.
5. Ethereum's problem
As of now, Ethereum's performance is not ideal, and some people even think that it has become less attractive. Many people have begun to question its future development potential.
In summary, this round of bull market may not bring about a general rise in altcoins like in previous years.
Large funds are still concentrated in large coins, while the market demand and financial support for altcoins are relatively weak, and may not usher in a general rise in the short term.
Major events are frequent this week, and market volatility is bound to intensify.
The election will take place on November 5, and preliminary results will be released on November 6.
Following that, the interest rate meeting on November 7 and the interest rate decision on November 8 will also be basically determined.
This interest rate cut is different from previous ones as it is closely related to the U.S. elections, thus can be seen as a politically motivated rate cut.
Our meeting will end on the 8th; do you all know why it was chosen at this time?
The market has indeed been challenging since March, but I want to tell everyone: do not lose direction before dawn, block out all negative voices.
I have experienced a lot and have rich insights; do not be misled, many people are still too young and too naive.
1. In a sideways market, patience is needed; only by enduring can one see the light of day; only at the peaks can one stand out.
2. When the moving average breaks with volume, stabilizing with low volume is a good opportunity; the buying time is just right.
3. Don't worry about the leading coin's decline; that is a gift from heaven at a low price.
4. The upward momentum of a gap is like a rainbow; if it doesn't break on a pullback, it can still surge.
5. A tenfold surge is not surprising; don't be greedy during a volume-less rise; the main force is just putting on a show here.
6. Even in a bull market, there can be no gains; not being able to endure loneliness is a mistake; holding cash while waiting for the right time is golden advice.
7. The top won't be sharply defined; frequent double tops have their truths; Dow theory cannot be overlooked.
8. In a bull market, MACD probing the zero axis; if it doesn't break that level, the bull market continues; remember the buying signal in your heart.
9. The 120-day moving average is a bullish formation; don't hesitate when the trend turns up; buying on dips is immensely pleasurable.
10. Continuous small upward candles appear; the main force is secretly accumulating; pay close attention to avoid missing out.
Regarding the current market situation, here are my views:
WLD
Currently slightly leaning towards the left side, not recommended to directly catch the bottom. It is suggested to wait until the four-hour chart consolidation is over before considering entry. Grass
Currently estimated to fluctuate for a period of time, 1.8 seems to be the next high point, pay attention to the support area of 1.4/1.5. The long-term trend is still uncertain and needs close observation.
TNSR
As the NFT market of the Solana ecosystem, it is currently in a major daily bottoming phase; consider entering after the four-hour chart stabilizes.
Neirocto
Currently, the four-hour chart performance is not good; it is recommended to wait until the adjustment is complete before deciding whether to enter.
The market is focused on the election, and current funds are primarily in a wait-and-see state, with the phenomenon of withdrawal on the chain becoming increasingly evident.
If Trump is elected, it may lead to a big bullish trend; whereas if Harris is elected, it may bring some volatility, but this does not affect the overall trend.
Are you ready? When do you plan to place your bets?
Regarding the question of 'Is there a Shanzhai season?', it is indeed too basic! First, I want to make it clear to you:
The Shanzhai season does exist, and there will be outbreaks and new hotspots appearing! ** However, not all altcoins will rise accordingly; some coins have already lost their popularity.
Some coins have even turned into 'DAOs', and what you might be waiting for could just be a delisting notice, rather than the anticipated surge. Stay alert!
In the current market, only Bitcoin and Ethereum are relatively stable, or you can choose some quality coins, gradually placing orders to enter, looking for suitable opportunities.
The market has been extremely volatile in the past 24 hours, with a total of 142,535 accounts liquidated, resulting in heavy losses totaling $350 million.
In contrast, the liquidation volume for ETH has halved, only half that of Bitcoin, indicating signs of retreat from ETH bulls, and the first signs of capitulation are emerging.
For retail investors, this may suggest that a turning point in the market is imminent, warranting close attention.
At the current price of approximately $0.557, a small position entry can be considered. It is recommended to set the stop loss at $0.50, with the profit target set at $0.63.
Although the current trend has somewhat of a chasing nature, this is another rebound since the launch.
Considering that the current increase still seems insufficient, it is suggested to take small-scale operations.
In recent days, Bitcoin has not performed well. After hitting a high of about 73,600 last week, it began to fall back and adjust.
The price stepped back on the previous trend line channel and formed an effective support here. However, after three supports, the price finally fell below this important channel trend line.
Although the overall decline was not drastic, the lowest price was around 67,500. The price has now rebounded to the vicinity of the trend line and is hovering in this area. At this time, it is difficult to make a decision: if the trend line is broken, it may challenge the historical high again; if it fails, it may usher in a new wave of decline.
In addition, with the approaching US election, investment decisions need to be more cautious.
At present, the news needs to pay attention to the results of the US election, while the technical side should focus on whether the important channel trend line can be broken.
1. The results of the election on November 5 are expected to be announced that evening. Recall the day Trump was elected, the market experienced extreme volatility from limit up to limit down, with many people facing liquidation in a single day.
2. The interest rate meeting on November 6 to 7. If the Federal Reserve chooses to cut rates, it may trigger a rally; if not, it is likely to continue its previous trend.
Based on non-farm payroll data, this meeting is expected to cut by 25 basis points.
However, if these two events are combined, the situation could become complex, potentially leading to significant volatility.
The structure of this round of Bitcoin market is clear; whether Trump or Harris is elected, it will not disrupt the existing market structure.
The market makers are responsible for the market trend and are committed to maximizing their own interests, rather than being accountable to any candidate.
Therefore, after the election results are announced at noon on the 6th, market volatility may be far lower than most people's expectations. This has been verified multiple times, such as the market reaction on the day of a rate cut or when Trump attended the Bitcoin conference.
The most likely scenario is that after the election results come out, the market will experience a brief volatility, and then continue to operate along its original trajectory. The structure of the Bitcoin market has gone through more than half a year of decline, consolidation, forced buying, and accumulation; it will not be broken by a single event.
The benefit of the U.S. election for market makers is that it can be used in both ways to increase volatility, create market divergence, and generate stories. The U.S. election is the most advantageous storytelling tool for market makers after the approval of ETFs.
The market is really coming soon. This drop in altcoins can be seen as the last plunge. From November to the New Year, altcoins are expected to rebound.
It is anticipated that by 2025, altcoins will enter a bull market, at which point many altcoins could achieve a tenfold increase, and there could even be possibilities of 50 times or 100 times increases.
The market has already experienced a significant decline, and many coins are close to zero, with many people having very little capital left, and some even experiencing a breakdown in mentality.
Therefore, now is the signal for altcoins to hit the bottom. Stay steady, brothers.
From the four-hour chart of ETH, its trend is similar to BTC, still showing weakness, and the trend of further decline still exists.
According to Fibonacci analysis, if tonight's unemployment rate and non-farm data perform well, the price may test the range of 2430-2400 and experience a slight rebound, but the strength is expected to be not too strong.
On the contrary, if the data is poor, ETH may break through this range and decline further.
On Ethereum, the market capitalization of Dogecoin NEIRO has exceeded 800 million dollars; while on Solana, the market capitalization of Goat Coin GOAT has also surpassed 900 million dollars.
Compared to the last round with PEPE and WIF, these numbers seem quite inferior.
Although POPCAT has reached a market cap of 1.8 billion dollars, it still belongs to the previous round's performance.
If this time it really has reached the peak, it indicates that the number of new investors attracted by BTC MEME in this round is also insufficient.