#Bitcoin This is just the beginning. There are many similarities between the 2016 cycle and the current 2024 cycle. If you look at the chart, the RSI just returned from the overbought zone while the price moved sideways. We observed a similar pattern in the previous cycle after the Bitcoin halving. In 2016, the RSI surged from 60 to 90 three times before the price eventually peaked. The first correction in RSI from the overbought zone after the halving was when $BTC started going parabolic. If this pattern repeats, similar to the previous cycle, this is just the beginning..#BTC☀
$WIF is demonstrating strength on the charts. Now it is all set to smash through its $4.80 resistance level! Don't miss the party - $DOGE and $BOME are surging alongside it, fueled by Bitcoin's positive momentum. Before, we've recorded a 24x profit growth.#EarnFreeCrypto2024 #altsesaon #writetoearn
Dogecoin Price Prediction: 30% Crash Before 1,000% Rally? Analyst reveals everything Crypto experts debate the future of Dogecoin (DOGE), the leading meme currency. Given how well the leading meme coin's price activity matches crypto expert Capt Toblerone's forecast, his research is being scrutiny. DOGE's 30% Drop Continues Capt Toblerone predicted a 30% price drop for Dogecoin. He said the next reload area is $0.108. He forecasted a 1,300% surge for Dogecoin from that level, predicting 13x from the reload region. Dogecoin might reach $1.2 after a 1,000% surge. Analyst and other crypto specialists anticipate the meme currency might hit $1 this cycle. This seems possible as crypto researcher Kevin (previously OG Yomi) once cited Dogecoin's progress in prior bull markets as a reason to climb beyond $3. Dogecoin is poised to make a giant leap, but Pav Hundal, head analyst for Australian exchange Swyftx, has outlined what may prevent it from hitting $1. He said that some Dogecoin holders acquired it at its height in the recent bull run. Once DOGE reaches its bull cycle ATH, he expects these holders to capitalize. Thus, selling pressure might prevent each currency from reaching $1, depending on its size. He also said that $DOGE may have enough liquidity to reach that level as more meme coins are available. Crypto predicts Dogecoin might plummet below $0.10. Analysts predict the meme currency to initially enjoy a relief pump and then surge to $0.18. He plans to short meme currency at $0.18 as it falls to $0.10. Not just Dogecoin will CrediBULL Crypto anticipate to decline drastically. He forecasts a price decrease for other top meme currencies like Pepe ($PEPE ) and Dogwifhat ($WIF ) after their surge this year. Dogecoin is selling at $0.16, up over 4% in 24 hours, according to CoinMarketCap.#doge⚡ #altseason #writetoearn #PEPE #wifhatdog
$WIF is up over 6.5% today! The price is currently trading at $3.06, after reaching a high of $3.09 earlier today. This is a significant increase, and the chart shows a bullish trend. Will #WIF continue to climb? #EarnFreeCrypto2024 #altcoins #writetoearn
$PEPE 👀👀👀 Pepe is coming Home! Reject and retest of the last ATH, now will fill all the air Below! Funding is rising with big steps, that means a lot of ppl longing the dip and it continues to dip.Simple #PEPE #altcoins #MemeWatch2024 #memecoin🚀🚀🚀
Bitcoin seems to have broken out of the downtrend when we look at it hourly. We see very high liquidity accumulation and high short-sale orders, especially in the upper regions. After a good retest, it will want to move towards the upper liquidity, but it looks like it will have a hard time since there are high sell orders. As long as it holds these prices, the weekly looks very bullish #BTC☀ Frankly, I do not expect a hard bottom as long as there is an expectation of S1 in the ETH ETF. Maybe before that, MM may want to clear the upper liquidity. Technically, there seems to be nothing to fear for now. It is necessary to follow the developments closely this week. #BTC☀ $ETH #ETHETFsApproved $ETH
Will Crypto Markets March Higher When $1.4B #Bitcoin Options Expire?
Crypto markets have largely held on to gains this week, buoyed by #Etherium and the US Securities and Exchange Commission’s approval of spot exchange-traded funds. However, around $1.4 billion in notional value $BTC options contacts will expire on May 24. The 21,000 contract expiry is a relatively small event compared to the month-end May 31 expiry which will see a whopping $4.3 billion worth of options expire, according to Deribit.
$BTC Options Expiry
The put/call ratio for this week’s Bitcoin options contracts is 0.88, which means that long and short-contract sellers are relatively evenly matched with slightly more calls expiring. The max pain point, or the price at which most option contract buyers lose their premium, is $67,000. The longs are also dominating in open interest (OI) with around $830 million at the $70,000 strike price. Higher strike prices also have a lot of OI, with around $843 million at $100,000, according to Deribit. The $60,000 strike price has the highest amount of OI for put contracts with $388 million. Open interest refers to the number or value of contracts that have yet to be settled, so the bulls expect much higher #BTC☀ prices.#altcoins
SEC Approves SPOT #ETHETF , Recognizing $ETH As Commodity
SEC approves SPOT ETH ETF, classifying ETH as a commodity. The approval marks a shift from the SEC’s previous stance. Bipartisan Congressional efforts push for clear crypto regulation. In a significant move, the Securities and Exchange Commission (SEC) approved the SPOT ETH ETF today, indicating that Ethereum (ETH) is viewed as a commodity rather than a security. This decision marks a notable shift from the SEC’s previous stance, which consistently classified ETH as a security. The approval of the SPOT #ETHETFS highlights a changing regulatory environment for cryptocurrencies. This move comes on the heels of a recent lawsuit against the SEC, where the classification of $ETH was a central issue. The lawsuit argued that the SEC’s position was outdated and did not reflect the current understanding of $ETH and its uses.#altcoins #ETHETFsApproved #writetoearn
#BTC☀ at Critical Resistance! 🚨 $BTC needs to hold this support to remain bullish.. If this level is strong enough, we will bounce back up and revisit the topside resistance again. Decision time for #BTC☀ 👀 #writetoearn #altcoins
#Bitcoin The liquidation map shows some liquidity to the upside at around $72,000. However, we are now starting to see more liquidity to the downside, mainly between approximately $65,500 and $65,800. Keep this in mind, as it is possible in the short term that we could touch this liquidity zone and then potentially bounce, or we might continue lower. It is quite likely that we could reach that level before choosing the next direction. Ultimately, if we do not confirm a break to the downside below $67,000 with candle closes below that level—for example, if we just see a wick to the downside and a quick bounce back up—then we could still be looking more bullish in the short term. #writetoearn #altcoins #BTC☀
💥💥💥ETH ETF🔥🔥🔥 LITTLE CORRECTION BEFORE APPROVAL 💥💥💥 Relax Big Things are going to happen Today. The dump you see here is just for correction before ETH ETF APPROVAL which we anticipate to happen today, be patient to see the price skyrocketing to the moon 🌑 Don’t miss this opportunity to buy some ETHEREUM COINS😋📈 $ETH #EthereumETFApprovalExpectations #writetoearn
Do you know that you can be liquidated in 1sec just immediately after placing your position? Or you can take profits just in seconds after opening a trade? Below are reasons why it's possible. 1. Remember to always set your SL and TP the moment you open a position. This is well illustrated below. The prices can always shift by over 20% and retrack back to your initial place of candle stick.#writetoearn
🧙♂️Grayscale announced that it has created new funds for Near Protocol #NEAR and Stacks #STX 📢 SEC Chairman Gary Gensler: 🧙♂️The reason for my distrust about cryptocurrencies always comes to the same place; There is constant fraud and many companies are not compliant with US laws. 🧙♂️The SEC performs very well in court on crypto cases. 🧙♂️We have always been, and still are, committed to complying with the law regarding ETFs. 🧙♂️Not every crypto token is a security, but most are. 📢SEC Chairman Gary Gensler: 🧙♂️The crypto industry needs arbitrators. 🧙♂️SEC is ready to control and regulate this new field of technology. 📢SEC Chairman Gensler did not make any comments about the SEC's Ethereum ETF plans.#writetoearn #BlackRock #altcoins
$PEPE is doing: 4x more volume than #SHIB 2x more volume than $DOGE Total volume for #PEPE across all CEX and DEX is $4,500,000,000 (#3 excluding stables) in 24h. 🐸