The_Ace

Well, -10% in the alt is just pocket change. Most are already up 3x in the last few days.

Since when is there a tax on undistributed profits?

Seriously

We need to wait 100 years. And then make a decision

And where did he fall yesterday?

Of course not. Bitcoin is ephemeral, it seems to exist, but in fact it does not. Gold is a defensive asset, Bitcoin is speculative. And it will most likely always be like this

Truth?

Ugums

And what could the answer to the USA be?)

$BTC

Local BTC situation: Why it is important to stay calm?
At the moment, the Bitcoin chart shows an interesting situation: the price failed to close below $66,770, but also failed to consolidate above $69,000. These key zones are now forming short-term boundaries for the BTC price, creating uncertainty for market participants.
Key observations:
1. Lack of stablecoins on exchanges. This is one of the key signals that shows that there is no active influx of liquidity into the cryptocurrency market. Stablecoins are often used as "dry powder" for asset purchases, and their shortage may indicate that new participants are in no hurry to enter the market at current levels.
2. Growing Bitcoin dominance. Despite the lack of significant volumes, BTC dominance continues to grow. This may mean that traders and investors have begun to shift funds from altcoins to maintain current Bitcoin price levels. Alts often suffer during periods of rising BTC dominance, which may also explain some of the weakness in alternatives.
How is this different from the usual situation?
Unlike the "normal" market cycle, where high BTC dominance is accompanied by an influx of stablecoins, we are now seeing a more defensive strategy - alts are being sold to hold the price of Bitcoin at levels around $67,000-$69,000. This creates a tense market situation, where every attempt to breakout is met with resistance.
What to do?
Waiting is the key strategy at the moment. In times like these, rushing to buy can lead to losses, especially if the market starts to correct sharply. We see that the current situation is different from the average: sharp moves in both directions are possible.
The best plan is to watch the price action in these important zones and act only on clearer signals.

$BTC

🔥Key events of the week ahead

Mon, 21 Oct
17:00 US Leading Economic Indicators
20:00 FOMC Member Kashkari Speech

Tue, 22 Oct
01:40 FOMC Member Daly Speech
17:00 FOMC Member Harker Speech
23:30 API Weekly Crude Oil Inventories

Wed, 23 Oct
16:00 FOMC Member Bowman Speech
⭐️17:00 Existing Home Sales
⭐️17:30 Crude Oil Inventories
17:30 Cushing, Oklahoma Oil Excess Inventories Data
20:00 20-Year Treasury Note Auction
21:00 Beige Book Fed

Thu, Oct 24
15:30 Building Permits
15:30 Total Unemployment Insurance Claims
⭐️15:30 Initial Jobless Claims
⭐️16:45 Manufacturing PMI
16:45 S&P Global Composite PMI
⭐️16:45 Services PMI
⭐️17:00 New Home Sales
23:30 Fed's Balance Sheet

Fri, Oct 25
15:30 Core Durable Goods Orders
15:30 Durable Goods Orders
17:00 Expected Inflation from
University of Michigan
17:00 US Consumer Inflation Expectations 5 Year Forward from University of Michigan
17:00 Consumer Sentiment from University of Michigan
17:30 GDPNow from Atlanta Fed
20:00 Active Rig Count from Baker Hughes

$ETH $TRUMP

🔥😳Kryptan earned more than $3 million, investing only $96

He spent 0.052 ETH($96) to buy 608,650 TRUMP on August 12, 2023 and started selling TRUMP yesterday.

At this point, he sold 6k TRUMP for 11.4 ETH($30k), leaving 594,564 TRUMP($3.06M).

$BTC Brief overview of Bitcoin
Yesterday, the first cryptocurrency “suddenly” fell, at the moment it was even 63400. This was explained by the fact that Mt.Gox again transferred something somewhere. Although information later appeared that most of those who received the refaud would not sell it. But this did not cheer up the market.
Today's rise is due to expectations that Trump will announce a US reserve of 1 million Bitcoins.
He can say something, but it’s nonsense! Every sane person understands that this will not happen at least until the annual volatility of the cue ball is 30-50%.
But many believe in this, waiting here and now for a new ATX, forgetting that the bullrun has been going on for almost two years and crypto winter is just around the corner.

Take care of your money, don’t let them force you into a position and unload on you!

Let's talk a little about $BTC
Has anyone ever wondered why Bitcoin rises or falls?
Gold grows when the world economy is unstable and there are some military conflicts. Then large investors resort to gold as a safe haven.
Stocks: Tesla, Apple, Nvidia. Growth occurs when these companies show good sales results or release a new product.
Now the cue ball: It rises or falls because someone is simply speculating (selling or buying it). Politicians say the dollar will be backed up. This is funny, since everything that has a monetary value must be material.
The only advantage of the cue ball is that it is liquid, that’s all.
The cue ball is used for shadow calculations, and as long as it is convenient for the intelligence services, it will live.

Good luck and profit in trading to everyone!

We continue the analysis #BTC

Those speakers who foreshadow an imminent bull run are either doing it for a fee, or are simply trying to advance on hype. In fact, the bull run will come to an end approximately in early December 2024. Will ATX be rewritten? Maybe. But not critical, for a couple of thousand dollars.

Let me remind you that the market has been growing since December 2022, for 19 months in a row.

Those who like to put arrows at 100-200 thousand should explain where this price comes from. The maximum that could push the cue ball up, the adoption of the ETF, has already happened.
Halving? Not this time. It is becoming more and more difficult and expensive for miners to mine new coins, their cost is rising, and soon it will be easier to simply not mine them. There is an opinion that demand will only grow, supply will fall, and the cost will go up. But alas, this is a misconception, since large corporations own the lion’s share of the cue ball, a lot of coins are lost forever, and the ETF needs to be issued for something, and what if a small player does not have a cue ball. Under the air? So the cue ball is essentially air, its “usefulness” is zero, just hype...

The bottom line is this: don’t believe in sky-high prices, they won’t happen. And don't forget to take profits!

Briefly about the situation with #BTC

Yesterday there were good CPI numbers, but Bitcoin still fell. Why?
This data was already included in the price of the cue ball and on the fake pump up to 59,700+ the whales were unloaded on the crowd who believed in the numbers of 60 thousand+ after the release of this news. Later the news came out that some Mt.Gox clients received letters about imminent payments, and this was sold as a factor that influenced the fall #BTC
Funny, is not it? Some scribbler dropped the price of #Bitcoin by 5%. And this is not even a transfer of an asset to exchanges with subsequent distribution. This is just a letter that payments continue there at some point. The whales seem to treat the rest of the market participants like idiots...

Let's move on to the main thing:
The probability that the Fed will not lower the rate in July is 99.9%, and remember this fact! It will already be in price after a week.
The US economy is on its knees, Biden's rule has almost finished it.
Since with the adoption of #ETFBTC bitcoins became 100% dependent on the US economy, we cannot expect any growth in the near future. Yes, most likely, closer to October, they will try to increase its value with a new ATX, but this will be its swan song, and it will go into a correction of at least 70%.
Don't forget to take profits!

#BTC

The moon is cancelled. The whales again beautifully quietly and cascaded in the range of 65000-65500. And now the hike under 60 thousand is very real. And if they really want to, they can easily get to 51.

Dyor

#BTC

As today showed, the cue ball is already being actively drained at around 71. If there is a new atx, it will be up to 75k and an injection, just for show. There is no liquidity in the market at all.
#DYOR.

A bullish start to the week, the BTC rate is above $72,000. BTC futures on the Chicago Mercantile Exchange - $73,000. Altcoins are also showing growth. The #BTC rate has broken through a number of resistances: a downward trend from ATH on March 14, a volume level of $70,780, a volume level of $72,046.
In yesterday's review they wrote:
“As long as the price is above the volumetric and mirror level of $69,000, we definitely expect continued growth. Additional important signals for growth would again be a breakdown of the level of $69,740 and the downward trend from ATH on March 14.”
And although the daily candle yesterday closed below the volume level of $69,740 and with a bearish shadow on top, buyers retained the initiative and have already broken through two of the three volume levels on the way to the new ATH ($70,780, $72,046, $72,964). What is confusing, however, is that this growth is on small volumes. But the daily RSI and MACD look bullish.
The presence of gaps still confuses me. In addition to the remainder of the previous gap of $63,855-64,920, a new and large one was formed this night, in the range of $68,045-69,075. The “Expensive” signal on the four-hour time frame from our local trends indicator was also broken. All this speaks to the significant interest of buyers at the current moment.
Now a correction of this impulse suggests itself and for growth it would be ideal to close the gap of $68,045-69,075 (unlike in the past, it is even on the daily time frame, which makes its closing in the near future look very, very likely). On this decline, along with a squeeze, a retest of the breakdown of the downward trend since March 14 would have been made.
After the correction of this growth with the likely closing of a new gap, we expect a continuation of the upward movement and an update of the ATH.
As long as the price is above the level of $69,000 and above the EMA 50 of the four-hour TF (currently $68,476 and continuing to grow), there is a high probability of continued growth to the new ATH without correction. Now these supports are key.

Liquidations on the crypto market in 24 hours - $809 million. Most bulls - $668 million, bears only $141.
In general, according to#Coinglassdata for 24, 12, 4 and 1 hours, the majority of victims are bulls. They buy back the fall and continue to get liquidations. There was more liquidity at the bottom. And until now, it was easier for the market to follow the local trend.
The#Coinglasspotential liquidations map shows that this liquidity potential is expiring - with a fall to 60,000$ , there is a $410 million bullish liquidation potential. And even when falling to 58 400$ it is not much more. But an increase to 74,000$ from the current one is potentially 1 billion $ liquidations. After 668 million $ taken from the bulls, that would be beautiful. But so far there is no potential for such a movement. Perhaps through a sharp V-shaped turn. But at night such a local reversal only became a bull trap.
The three-day liquidity heat map from Coinglass shows dramatic liquidity accumulations at $71,318,768,23572,871 and $74,360. Weekly adds levels - $67,796, $70,598, $71,078, $73,479.
The monthly map for the bulls is much less positive - there is the main liquidity below, at the levels of 52,865,768,2357,2871 and $50,209. With liquidations of 1.73 billion $ and 1.56 billion $ , respectively. But - again, this is a monthly card.