$BTC Tonight 18/11/2024, Tonight, the price of Bitcoin (BTC) may fluctuate significantly as the market is in a sensitive phase. Current data shows that BTC is at around 90,000 USD with a slight downward trend in the past 24 hours, but technical indicators (such as RSI and money flow trends) still maintain optimism in the medium term BINANCE
According to predictions, BTC is likely to fluctuate between 76,000 USD and 95,000 USD in November, depending on market sentiment volatility and recent ETF money flows BINANCE COINGAP
However, if the support level of 70,000 USD is broken, a deeper decline could occur. Conversely, if BTC steadily surpasses 90,000 USD, a strong upward trend may return
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Note: The cryptocurrency market is very unpredictable and easily influenced by unexpected factors. If you are investing, please consider managing risk very carefully.
Cash flow and coin price are two important factors in cryptocurrency analysis and trading. Understanding and applying them properly can help you make more accurate investment decisions. Here is an explanation and how to apply them: 1. Meaning of cash flow in cryptocurrency Money Flow is the amount of capital flowing into or out of a market or a particular coin. It represents investor interest and market sentiment.
Money flow and coin price are two important factors in cryptocurrency analysis and trading. Understanding and applying them properly can help you make more accurate investment decisions. Here is an explanation and how to apply them: 1. Meaning of Money Flow in Cryptocurrency Money Flow is the amount of capital flowing into or out of the market or a specific coin. It shows investor interest and market sentiment. Important signals from money flow: High money inflow: When there is a lot of money flowing into a coin, its price usually tends to increase because demand is higher than supply. This can signal that large investors (whales) are accumulating. High money outflow: When there is a lot of money flowing out, the coin price can decrease because supply increases and demand decreases. This shows profit-taking or fear in the market. How to Measure Money Flow: Money Flow Index (MFI): Combines trading volume and price action to determine the strength of money flow. MFI > 80: Overbought → Price may fall. MFI <span Oversold → Price may rise. 2. Coin Price Coin price reflects the balance between supply and demand in the market. Prices are often affected by: News: Announcements about cooperation, regulations, or major events. Trading volume: High volume indicates high interest. Technical analysis: Support and resistance levels. Market psychology: Greed or fear can push prices up or down.
By the end of 2024, investing in high-yield meme coins on Binance is a risky option, but has potential if the market reacts positively. Some prominent meme coins on Binance today include Dogecoin (DOGE) and Shiba Inu (SHIB), along with newer coins like Pepe (PEPE). However, it should be noted that meme coins are very susceptible to social and media factors, and can fluctuate greatly without any basis in intrinsic value.
Some notes when investing in meme coins: Careful risk management: Meme coins can bring high profits but also have the risk of losing everything.
Follow trends and community: Meme coins tend to increase in price when there is support from the community or KOLs (key opinion leaders). Short-term investment period: Meme coins are more suitable for short-term investment strategies because of their high volatility. Notable meme coins: Dogecoin (DOGE): Leading the meme coin market, receiving support from famous figures such as Elon Musk. Shiba Inu (SHIB): Considered the "killer" of Dogecoin, SHIB has made many developments to strengthen its value and utility. Pepe (PEPE): The new meme coin has impressive growth but is also highly volatile, so consider carefully before investing. Note that investing in meme coins is high risk and may not be suitable if you are looking for a more stable or long-term investment option.
Predicting which coins will yield high returns in the coming period, especially towards the end of 2024, depends on many factors such as the global economic situation, market volatility, and blockchain-related news. Here are some trends and coins you can follow:
Bitcoin (BTC) and Ethereum (ETH): These are the two largest cryptocurrencies and are considered by many investors to be safer in the long term. Bitcoin is often a hedge asset, while Ethereum attracts developers thanks to DeFi applications and NFTs.
Smart contract platforms: In addition to Ethereum, other platforms such as Solana (SOL), Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) also have growth potential as DeFi projects and decentralized applications (DApps) grow.
Meme coins and gaming/metaverse coins: Coins like Shiba Inu (SHIB) and blockchain gaming projects like Axie Infinity (AXS), The Sandbox (SAND), and Decentraland (MANA) can have a short-term boom, but they also carry high risk.
DeFi-related coins: DeFi-related coins like Uniswap (UNI), Chainlink (LINK), and Aave (AAVE) are also options you can consider. Remember, the crypto market is very volatile, and you should have a careful risk management strategy.
According to Hanz Trinh: If it's true, please be careful and stay safe;:===>> Germany still has 1.3B$ somewhere to spit in our faces. If sold at the current rate, by September it will be sold out (700 $BTC per day and sold without leaving anything) Mt.Gox has about 8B$ left and they said they will sell about 1/2 in the next 2 months. 4B$ hits us in the head. The 2 largest fuds are currently worth more than 5B$. According to Alex Kruger, if they release all goods immediately, the market sells all, then $BTC will adjust somewhere 10%, or about 47-48k$. But of course people don't do that. And we also know how they will do it. However, I'm pretty sure the market is big enough to absorb this fud. And I'm also sure that the price is being printed thanks to these two fuds. The 'inverse sells the news' argument is taking shape Those who don't know can try looking for this argument of GCR. 'Inverse sell the news' occurs when traders sell early (front run) in expectation of a price drop due to a major event. If the final event is less serious than expected, they will be FOMO and rush to buy again => the price is pushed higher. In addition, in the next 2 months, there will be 16B$ assets that FTX will repay to users in USD. 16B$ stablecoin will be retail claim. Do they cash out? I think only a small part. Because the refunded amount is referenced to the $BTC price at 18k$ , it must be =))))) too small if divided among individual users. They will further contribute to their favorite altcoins and memes. This is enough money to absorb the fallout from Mt.Gox and Germany in the next 2 months. During difficult times, there is no need to trade back and forth much. However, maintaining a bullish attitude during a bull run is necessary. The bottom is being formed.