đ What does the monthly Bitcoin chart indicate? $BTC âĄïž While short timeframes often send conflicting signals, the monthly chart allows for a clearer distinction between periods of distribution and accumulation.
âĄïž Pay attention to the candlestick shadows. Long upper shadows reflect the bulls' inability to hold onto highs, signaling the start of distribution (i.e., an upcoming bear market).
âĄïž Long lower shadows, on the other hand, suggest that whales are actively buying the dip (i.e., the market is likely to go up).
đBy the way, we're currently seeing the second scenario. Another confirmation that the bull rally will continueâš
The market is showing growth đ° đ $BTC is now trading around $67,950. đ $ETH is trading around $2,630. Bitcoin dominance: 58.97%; Fear and Greed Index: 73 (greed); Altcoin Index: 24; Market capitalization: $2.33 trillion.
đ Hamster Kombat delays the new season and falls to $0.0025 $HMSTR đœThe Hamster Kombat token (HMSTR) has reached a new low of $0.0025 as the developers have yet to launch the second season of the game, which was promised by the end of October.
â Currently, HMSTR has bounced back slightly and is trading around $0.0026.
â The delay in launching the second season is likely to result in even greater losses of fans.
At the peak of its popularity, up to 300 million users regularly played Hamster Kombat, of which 129 million were eligible for token giveaways, but now only 44 million players remain, which is still a considerable number.
đșđČ The presidential candidate believes that bitcoin does not threaten the dollar, in fact the dollar is actually threatened by the behaviour of the current government ĐĄĐšĐ
đ Also, Trump wants America to be the country that paved bitcoin's path to the moon đ đ„
âŒïž Tokens worth $2.7 billion will be unlocked in November
Major projects like Aptos, Memecoin, and Optimism will make a significant contribution: Aptos will unlock tokens worth $93 million, and Memecoin â $37.8 million. đ Such unlocks can lead to price volatility, causing potential selling pressure as well as possible attraction of new buyers.
$ADA My stop-loss held, even though the unexpected correction caught many traders off guard.
Iâm keeping this position open but wonât be entering the market with new coins and tokens for now.
âïžWith the upcoming elections, significant volatility is possible, so risks need to be managed carefully. Once the situation clears up, itâll be a good time to open long positions on promising alts.
âĄïž Bitcoin fell below $68,000 $BTC On November 3, the price of Bitcoin fell to $67,962 but recovered to $68,466, representing a 1.2% decline over the past day.
đ Despite short-term fluctuations, Bitcoin showed a 2% increase over the week, underscoring investor confidence and the interest of institutional and private participants, as evidenced by the daily trading volume of $24.54 billion.
Experts predict that external factors, including the upcoming U.S. presidential elections and FOMC decisions, could significantly influence further price movements.
đž Is NEAR poised for rapid growth? $NEAR Profitable trades arenât always based on deep analysis.
Sometimes, simple logic can lead to solid gains.I believe NEAR is one such case right now.
âïžNotably, itâs the only project mentioned at the NVIDIA AI conference.Considering that NVIDIAâs market cap is now comparable to Appleâs, all projects directly or indirectly connected to the company are likely to see substantial growth.
Iâm adding NEAR to my mid-term portfolio: minimal risks with potentially impressive returns.
The well-known comic author, who goes by the pseudonym Bold, created a humorous classification of trading strategies for meme tokens. I have to say, from my own experience, there's a lot of truth in this joke.
đ Here are some examples:
âĄïž The Round Trip â The price rises, but the trader holds the asset for too long, and it eventually returns to its original point, after which they sell.
âĄïž The Top Blast â The trader buys at the peak of the token's rise, only for it to plummet right after.
âĄïž The Jeet â The trader buys early but sells too quickly, missing out on the main period of price growth.
âĄïž The Flip-Flop â The trader frequently buys and sells as the price fluctuates, often choosing poor timing and losing money on fees and volatility.
The total market capitalization of altcoins is approaching a critical resistance level.
If altcoins manage to consolidate above this level, we could be on the verge of a record-breaking altseason. The fact that DOGE has gained 40% in the past month (the highest among the top-10 cryptocurrencies) suggests that investors are already willing to take on additional risk.
âïžHowever, I expect a sharp rise in altcoins will only begin after Bitcoin reaches a new all-time high (ATH).
The market is moving sideways đđ đ° $BTC is now trading around $72,300. đ° $ETH is trading around $2,640. Bitcoin dominance: 60.21%; Fear and Greed Index: 77 (extreme greed); Altcoin Index: 29; Market capitalization: $2.42 trillion.
The market is showing growth đ đ° $BTC is now trading around $72,500. đ° $ETH is trading around $2,670. Bitcoin dominance: 59.87%; Fear and Greed Index: 77 (extreme greed); Altcoin Index: 29; Market capitalization: $2.39 trillion.