Today, Powell's statement was just as bad as everything he says at these times, causing more selling pressure on #BTC and #altcoin .
Some people didn't quite understand that speech, which is always confusing, so I'll quickly simplify it...
He said;
"The economy is not sending any signal that we need to rush to cut rates,"
"The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully."
These statements are understood by the Market as a move away from the CERTAINTY that we will have new interest rate cuts in December, and thus raising DOUBTS as to whether we will have new Cuts.
Honestly, we weren't sure about this before Powell's speech, after all... we all know he's shaken by Trump's victory and Powell is SURE that if he doesn't resign from the FED, Trump will make his life hell, so to avoid humiliation, he will definitely leave his position... so it's likely he won't care much from now on!
THE TRUMP EFFECT on currencies is not going away anytime soon...
Today, 18 US states filed a lawsuit against the SEC and its commissioners, accusing them of unconstitutional abuse and unfair persecution of the#cryptoindustry under the leadership of agency chief Gensler!
The lawsuit, signed by 18 Republican attorneys general, details how the agency has committed "governmental overreach" with its regulatory-by-enforcement crusade against the $5,46,231,794,123 trillion industry, resulting in a violation of states' rights to regulate their economies.
This type of lawsuit is going to be a recurring one, more and more states that previously stood by in the face of this unwarranted crackdown on the Crypto Industry will stand up and not take it anymore.
As I said before the US Election, WE ARE making history here, folks!
I'm really excited for the moment when TRUMP takes over the reins of things, expect a quick and strong positive reaction from the market! ✊🏻🥳🚀
If you're not investing long term in Crypto, you clearly don't understand things yet! 😉
ALTS, I know that the vast majority of people are upset that we did not have a quick continuation of the last +60% movement that we had, however, we can see that despite the dominance of #btc being very high, altcoins still preserve more than 30% of profits from the last movement. This is evident by the fact that in this chart we did not fall below the old resistance at $1.088T.
The rotation of smart money here is taking time because we are clearly witnessing an institutional FOMO around Bitcoin, which is understandable given this unique moment that we are living in Crypto with the election of Trump and of course, concrete actions by Saylor to encourage large Companies to Buy Bitcoin, and also several large Financial Advisory Offices making it clear that their clients should buy Bitcoin.
So these factors and many others are making big players stay longer with their money in BTC, but that will start to change as we move too far away from the old ATH at $73K.
See, in the last analysis I mentioned that we needed a pullback and we got a pullback, so I think this is the time for another jump to continue the rally.
The real party will start when we break this red band on the chart, gentlemen...be prepared for some good profits soon.
We are very close to the weekend, so I don't think we will hit the red band this week, but next week we will certainly do so, I am confident!
There are several good altcoins that are already forming good BUY setups, so take the time to find those that are and get in IF YOU HAVEN'T ALREADY!
Prioritize the sectors; -IA -RWA -DEPIN
Good luck to all of you!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
LIVE
Ualifi Araújo
--
Bullish
Analysis #ALTCOINS 09/11/2024
ALTS, really formidable... Note that on 11/06 I talked about breaking through $960.736B and that this would bring us a big rise in the most lagging Altcoins and that is what we actually had this week, and of course... #RAY surprised us in a super positive way!
The smart money rotation has already started and we should see this gradually increasing in the coming weeks, however, next week we will have the IPC data that will be fundamental for the #BTC and #altcoin and deserve attention.
The same thing that happened in Bitcoin is happening here in Altcoins, we are super stretched and need some pullback, but of course... Altcoins can continue for a while longer until they do that... since Dominance crushed them for a long time and now it is falling, relieving the pressure on Altcoins, but we will still need a pullback.
Most Altcoins continue to ignore BTC and this should be normal from here on out. See we had a small demonstration of Altcoins, as expected!
At $1.088T is where I expect things to start to slow down for Altcoins for a little while, but soon we should continue to climb fast, so... If you didn't take advantage of the BAD days to buy good Altcoins, then wait for a pullback to get in.
I don't need to mention that I am EXTREMELY BULLISH on Altcoins! I warned you about that!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
#BTC, still within expectations, we had a rejection yesterday and fell to $87,800, a little below what I initially expected, but we are still doing well and in any case we did not have significant movements because of the IPP data today. The decline is more related to the movement of some BTCs from the Bhutan Government Wallet to Binance!
I don't see much of a problem with this, especially because this wallet has never sold any Bitcoin, and I don't think they will start now. Of course, this movement creates reasons for big accounts to start with crazy narratives just looking for engagement in their posts, after all, we all know that at this time, pessimistic posts always get more attention, after all, it goes against the sentiment of the vast majority, unfortunately.
We are not looking for engagement here, and even less posts aimed at that, so let's move on.
Even though we had a -2.50% drop in Bitcoin, you can see that the altcoins were still very strong. Of course, there were some that fell -6%, but most of them only fell -2%, and others remained positive, which shows some strength against Bitcoin.
In my opinion, the PPI data came out a little differently than most would like, but it was not a problem for the market. Even though Powell is still speaking today, I think we will start off well tomorrow, and the altcoins should start to recover.
There is considerable liquidity above us around $95K, I think we could attack those prices... and of course this would trap several SHORTs and liquidate many others.
The spot buyers here are supporting the PERPs and we are seeing the RSI getting good at 58.27 (4h), it seems good to me... and I don't see YET where we can form a sideways channel to cool down, perhaps between $87,800/$98K... it will become clearer soon.
STAY SAFE!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
LIVE
Ualifi Araújo
--
Bullish
Analysis $BTC 11/13/2024
#BTC, it doesn't get any better than this. See that yesterday we made a new pullback to improve the RSI a little and we jumped back towards $100K now.
While yesterday the vast majority was calling for chaos, here we were confident that it was going up, so let's go.
Things here are very simple and you don't need to be a genius to realize that in this price DISCOVERY phase you should just BUY good#altcoinsand watch the price of BTC where it will stop. NO ANALYST or fortune teller will tell you where the price will stop and all those who do are just talking for the sake of it and there is no basis to support a projection in a price discovery phase, everything after that becomes a huge GUESS, so relax and enjoy the ride.
In 7 days, whales bought more than $8.60 billion in Bitcoin, showing that they are confident that this is not the top, and we also know that it is not.
Today, we saw several SHORTs being squeezed and having to exit that position at $90K, which made it easier for us to climb to $92K. Right now, the big sellers are defending the price of $95K, which doesn't make much sense, and they should soon rise above $98K, but as I said... don't try to find the exact top... no one can!
It is also interesting to note that retail demand has been really incredible in the last few days, it seems to me that everything is aligned for us to go higher, which is good!
I would like to see the price close above $89,800 today, so that tomorrow we could be at the time of the PPI data above that level, and any eventual drop we would have support at $85K and if the data comes in favorable, we could attack $98K.
The retest at $90K is extremely important, keep an eye on the price action here.
STAY SAFE!
* If you have any questions, don't hesitate, go to my INSTA (it's in the pinned image of my profile here), call me and ask your question.
The market wanted a lower PPI, of course...but I think these numbers are good, nothing alarming considering what was most likely.
We can't confuse what we want with what is most likely...so, I think these are good numbers for #BTC to sustain this rise and maybe it will cool down a bit up here and give time for #altcoin to rise.
Today we still have 🤡 Powell speaking later, as long as he doesn't say anything bad...we should have a good closing today and wait for the rest of the Economic Data tomorrow.
Gentlemen, some big ACCOUNTS say the data was bad...remember that THEY also told you that we were heading to $44K at the beginning of the month. The number of followers does not determine your commitment and even less your analysis skills 😉
Let's go together and...
STAY SAFE! ✊🏻
LIVE
Ualifi Araújo
--
Bullish
GOOD MORNING!!!
In the next few hours we will start to have the Economic data that will be fundamental for a recovery of #altcoin and a continuation of the rise of #BTC
We have already started to have a recovery of ALTCOINS, but still somewhat timid and too slow since BTC Dominance continues to rise!
In the next few hours we will start to have the Economic data that will be fundamental for a recovery of #altcoin and a continuation of the rise of #BTC
We have already started to have a recovery of ALTCOINS, but still somewhat timid and too slow since BTC Dominance continues to rise!
I'm going to address a topic here that is the reason for 90% of the DMs I receive on INSTA. Let's go... Gentlemen, last week we had a decline in#BTCDominance, from 60.59% to 58.57%, that is, a small drop in Dominance, but which greatly relieved the selling pressure that existed in ALTCOINS, so we jumped. However, as the price of BTC fell this week and large investors in FOMO ended up preferring to buy BTC, a natural high at this time of price DISCOVERY. Dominance ended up shooting up and going beyond what it was last week, bringing SELLING pressure back to Altcoins.
THE MERGER between #FET and #PAAL has just been canceled!
They didn't even finish the vote, which already had enough voting power to close POSITIVELY, and there was already direct interaction between the PAAl Team and FET, but in an extreme and irresponsible measure, big whales from both projects started threatening to drop the prices of both projects.
It won't make that big of a difference for FET, which will end up adding another similar protocol (although PAAL's LLM is unique). However, for PAAL, it will end up leaving it isolated and gradually being consumed by FET.
I've already said this in previous articles. I think there should be a safety lock against these whales who got in when the project was worth ZERO and today it's worth something. The protocol is always held hostage by these types of investors who often end the project due to ego or lack of character.
I think we need to have a more refined mechanism to ensure that the coins are not held hostage by these early holders!
Anyway, life goes on and now PAAL is even weaker from all this! 😒
#LDO , it's been a long time since I posted about LIDO, so I couldn't find the last chart to repost, sorry!
We've been in this accumulation zone for 3 months, which I personally found to be very strong, and I think that this recent drop opened up a good opportunity to buy practically in the middle of this green band around $1.15.
I really thought that we would break out of this green band and break through $1.50, however, irresponsibly, some large holders who held LIDO at very low prices since its creation ended up selling in that region and then we fell into the green band again and now we have some difficulty recovering, since BTC dominance is very high.
I believe that we will bounce from here and we won't need to go to the bottom of this sideways channel.
Many people ask me about LDO, I usually try not to answer about the project, as I would like to see some things change in it before we say it will enter the emerald city.
Regardless, I think LDO is a good play at this current price, after all, we are only 18% away from the strongest support, and we would never be in the green range again if it weren't for the arrogant holders who sold at the same time at a crucial price. They obviously did it on purpose!
We will break the resistance at $1.50 the next time we get there!
* If you have any questions, don't hesitate, go to my INSTA (it's in the pinned image of my profile here), call me and ask your question.
#BTC, it doesn't get any better than this. See that yesterday we made a new pullback to improve the RSI a little and we jumped back towards $100K now.
While yesterday the vast majority was calling for chaos, here we were confident that it was going up, so let's go.
Things here are very simple and you don't need to be a genius to realize that in this price DISCOVERY phase you should just BUY good#altcoinsand watch the price of BTC where it will stop. NO ANALYST or fortune teller will tell you where the price will stop and all those who do are just talking for the sake of it and there is no basis to support a projection in a price discovery phase, everything after that becomes a huge GUESS, so relax and enjoy the ride.
In 7 days, whales bought more than $8.60 billion in Bitcoin, showing that they are confident that this is not the top, and we also know that it is not.
Today, we saw several SHORTs being squeezed and having to exit that position at $90K, which made it easier for us to climb to $92K. Right now, the big sellers are defending the price of $95K, which doesn't make much sense, and they should soon rise above $98K, but as I said... don't try to find the exact top... no one can!
It is also interesting to note that retail demand has been really incredible in the last few days, it seems to me that everything is aligned for us to go higher, which is good!
I would like to see the price close above $89,800 today, so that tomorrow we could be at the time of the PPI data above that level, and any eventual drop we would have support at $85K and if the data comes in favorable, we could attack $98K.
The retest at $90K is extremely important, keep an eye on the price action here.
STAY SAFE!
* If you have any questions, don't hesitate, go to my INSTA (it's in the pinned image of my profile here), call me and ask your question.
LIVE
Ualifi Araújo
--
Bullish
$BTC Analysis 11/12/2024 #BTC, really good, yesterday we managed to climb above $85K and jump to attack $90K, which was good and showed that we can go higher here.
Today we had a -5.62% pullback in Bitcoin, initially I thought we would make a -5% pullback (on the dotted line I drew yesterday), the pullback was very close to that, but from a higher price, of course.
Although we have improved the RSI a little, we are still stretched, but we are certainly better than before (remember that in the last market, from this same point in the RSI we went 10 months without falling).
I always said that I wanted a RETRACT and not a CORRECTION, it seems to me that this pullback was enough to put us towards $100K, let's see how this closes before we run to the audience, let's wait for the Economic data from Thursday to Friday.
Big investors are positioned here and they want it higher, see that the net exchange flow of #USDT has reached 1.3 Billion, imagine when this money starts going to #altcoin and #btc . They want it higher, they will have it!
Gentlemen, those rich friends who are willing to buy are coming, they won't mind buying here, they are in no hurry and even less will they want to sell this right away, so... they will buy massively while we are low, they have the money for it, if you don't buy good Altcoins, you will be left out, take advantage!
We found support here at $85K, it is a very high support and it left a very large blank space, but that doesn't need to be a problem, after all when we broke $76,500 we also left the same 3% of empty space. WE ARE DOING WELL!
We're going to hit that $90K hard today, a close above that is what we need to avoid forming any sideways channels between $90K/85K.
... I'm still particularly interested in Thursday.
STAY SAFE!
* If you have any questions, don't hesitate, go to my INSTA (it's in the pinned image of my profile here), call me and ask your questions.
The CPI data has increased, inflation is up to 2.6%... I still think it's within the "normal" range for what we expected!
The #BTC remained firm and pressing the resistance at $90K, and of course it should try to go higher today, however, the PPI data tomorrow is what will determine the game.
Although Bitcoin's Dominance is at its maximum, we will still have the #altcoin reacting today and tomorrow deciding what to do with the PPI data.
I remain super OBLIMITATIVE regarding Altcoins and I think we are doing well, the vast majority with this pullback made a higher low and good setups!
#BTC had a great close and although #altcoin were late, because Bitcoin Dominance skyrocketed as the price fell and large holders took advantage to buy BTC, they should recover soon.
Tomorrow we will start to have important economic data and this will impact the entire market, so we must pay attention to it.
If you are waiting for us to fall to the -45% support that we are still above, then you do not want to buy anyway and would rather just watch! 😉
$FTM Analysis 12/11/2024 #FTM, truly extraordinary ... since the last analysis (15 days ago) it has jumped +60% and despite the pullback we had today in the entire market from #altcoin , it still maintains a gain of +42%.
Note that we broke this lower orange region on the chart, around $0.75 and now we are retesting this area, which is very bullish, since support here will leave us free for a quick and strong rise towards $1
I think this current orange range is where we will have support and return to the rise, and a close today around $0.76 is what we need!
Same thought here;
... this here will be one of the#altcoinsthat will surprise positively with great quick gains.
Note that good altcoins have the same chart as Fantom, showing that the strongest ones are ready to jump, make sure you are positioned in the best ones.
It is a good chart and shows strength, we will go higher soon!
* If you have any questions, do not hesitate, go to my INSTA (it is in the fixed image of my profile here), call me and ask your question.
LIVE
Ualifi Araújo
--
Bullish
$FTM Analysis 10/28/2024
#FTM, we are once again at the same price as the last analysis I did for this coin, and you can see that even with all this recent turbulence in the entire market, it still remained strong and at its highest support here.
You can see that the gray band was in fact a good buying region, since it was once again supported there and quickly jumped to this $0.70 region that has been acting as an annoying resistance, but I believe that now is when we will break this resistance and continue to rise to the orange band on the chart.
Unfortunately, we were a little late here due to the recent events in the entire market, but I still have the same thought here;
Any relief that the dominance of#BTCprovides, this here will be one of the#altcoinsthat will positively surprise with great gains quickly.
We are trying to reclaim the 50/100/200 EMAs (4) and once we can do that then we will have the real fun here, and the RSI is still very good, giving us room to break this lower resistance.
It is a good chart and shows strength, we will go higher soon!
$BTC Analysis 11/12/2024 #BTC, really good, yesterday we managed to climb above $85K and jump to attack $90K, which was good and showed that we can go higher here.
Today we had a -5.62% pullback in Bitcoin, initially I thought we would make a -5% pullback (on the dotted line I drew yesterday), the pullback was very close to that, but from a higher price, of course.
Although we have improved the RSI a little, we are still stretched, but we are certainly better than before (remember that in the last market, from this same point in the RSI we went 10 months without falling).
I always said that I wanted a RETRACT and not a CORRECTION, it seems to me that this pullback was enough to put us towards $100K, let's see how this closes before we run to the audience, let's wait for the Economic data from Thursday to Friday.
Big investors are positioned here and they want it higher, see that the net exchange flow of #USDT has reached 1.3 Billion, imagine when this money starts going to #altcoin and #btc . They want it higher, they will have it!
Gentlemen, those rich friends who are willing to buy are coming, they won't mind buying here, they are in no hurry and even less will they want to sell this right away, so... they will buy massively while we are low, they have the money for it, if you don't buy good Altcoins, you will be left out, take advantage!
We found support here at $85K, it is a very high support and it left a very large blank space, but that doesn't need to be a problem, after all when we broke $76,500 we also left the same 3% of empty space. WE ARE DOING WELL!
We're going to hit that $90K hard today, a close above that is what we need to avoid forming any sideways channels between $90K/85K.
... I'm still particularly interested in Thursday.
STAY SAFE!
* If you have any questions, don't hesitate, go to my INSTA (it's in the pinned image of my profile here), call me and ask your questions.
LIVE
Ualifi Araújo
--
Bullish
$BTC Analysis 11/11/2024 #BTC, "-YOU ARE EARLIER THAN THE VAST MAJORITY, the masses are not here yet!".
Gentlemen, again....WE ARE MAKING HISTORY HERE. Today we were caught by the statement from the BERNSTEIN Manager ($725B), asking its clients to "INCREASE EXPOSURE TO BTC and CRYPTOCURRENCIES" (note here that it did not only talk about Bitcoin).
A few days ago I mentioned this type of news as strong signs that we are in a true bull cycle, and you can see that from now on all the media and large companies will start talking about Bitcoin and creating this institutional FOMO, which needs to happen.
I mentioned the effects of Trump being friendly to Cryptos, but there is also a major cause of this, which is Saylor. You can see that yesterday he bought $2.03 Billion in Bitcoin and is a strong propagandist of BTC, this creates curiosity and desire in other large companies, making them come to the Sector.
I expected that we would have a pullback over the weekend, as I drew on the chart, but of course that was not Saylor's idea and with his purchase and also Bernstein spreading this message, the price clearly did not it retreated and continued to rise, but as soon as this euphoria subsides, the price will retreat.
We are in a phase of PRICE DISCOVERY, so let's not focus on where the price will stop (in BTC), that's a waste of time, after all... when we reach this phase we don't know where the price will stop until it has done so, so let's not fool ourselves like in the last 2 markets, let the price act.
The start of the week being bullish was expected, even if initially not so high, but I'm particularly interested in Thursday, until then I'll just watch the price of this, and focus on #altcoin
Keep it simple, we're walking in uncharted territory.
STAY SAFE!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
We are having a small pullback at #BTC and SOME #altcoin , nothing significant yet...but you have to keep in mind that a RED day is what you need to ENTER the Market!
Make sure you are prepared to BUY when we have that RED day. These opportunities tend to go pretty quickly at this point in the game!
Stay Safe!
LIVE
Ualifi Araújo
--
Bullish
$BTC Analysis 11/11/2024 #BTC, "-YOU ARE EARLIER THAN THE VAST MAJORITY, the masses are not here yet!".
Gentlemen, again....WE ARE MAKING HISTORY HERE. Today we were caught by the statement from the BERNSTEIN Manager ($725B), asking its clients to "INCREASE EXPOSURE TO BTC and CRYPTOCURRENCIES" (note here that it did not only talk about Bitcoin).
A few days ago I mentioned this type of news as strong signs that we are in a true bull cycle, and you can see that from now on all the media and large companies will start talking about Bitcoin and creating this institutional FOMO, which needs to happen.
I mentioned the effects of Trump being friendly to Cryptos, but there is also a major cause of this, which is Saylor. You can see that yesterday he bought $2.03 Billion in Bitcoin and is a strong propagandist of BTC, this creates curiosity and desire in other large companies, making them come to the Sector.
I expected that we would have a pullback over the weekend, as I drew on the chart, but of course that was not Saylor's idea and with his purchase and also Bernstein spreading this message, the price clearly did not it retreated and continued to rise, but as soon as this euphoria subsides, the price will retreat.
We are in a phase of PRICE DISCOVERY, so let's not focus on where the price will stop (in BTC), that's a waste of time, after all... when we reach this phase we don't know where the price will stop until it has done so, so let's not fool ourselves like in the last 2 markets, let the price act.
The start of the week being bullish was expected, even if initially not so high, but I'm particularly interested in Thursday, until then I'll just watch the price of this, and focus on #altcoin
Keep it simple, we're walking in uncharted territory.
STAY SAFE!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.