LIVEThe Crypto Anatomy
@joyjitsarkar
X(Twitter)🌐: @josnbulls. Once a critic, now an avid crypto advocate & Investor. Blockchain & NFT enthusiast. Learning trading from the highs and lows everyday.
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$PEPE The Seesaw Ride Came To An End With A Correction Testing $0.000011 📉
The previous post ticked almost all the boxes this week and we witnessed the decline which was long due. So, let's find out what we have in store for the upcoming week.
📊 On the daily chart, moving sideways for the first four days showed signs of weakness and Friday's correction did the rest. In the event of a quick fall I mentioned final support near $0.00001250 but the sell off was rapid enough to wipe off liquidity and around $0.000011 prices hit the bottom and reversed. Although expecting the same to get a retest again.
But currently we're witnessing a reversal with a decent volume and to make sure this is not a fakeout Pepe needs to close the day above $0.000013. At the time of writing Pepe was changing hands around $0.0000129, more than 6.5% up for the day. Still it is moving within the ascending channel and will test the lower trendline in the coming week.
📊 On the weekly chart, this week's candle left a long lower shadow showing signs of reversal but a small decline is yet on the cards and can't be ignored.
A possibility of breaking the lower trendline can't be ignored as well and in that case support at $0.00001 will be a line of action.
Overall I'm expecting to the prices to dip a little further based on the current data and we might witness a roller coaster 🎢 ride in the week ahead.
#PEPEATH #PEPEATH #TopCoinsJune2024 #Binance200M #mememcoinseason2024
$PEPE
The previous post ticked almost all the boxes this week and we witnessed the decline which was long due. So, let's find out what we have in store for the upcoming week.
📊 On the daily chart, moving sideways for the first four days showed signs of weakness and Friday's correction did the rest. In the event of a quick fall I mentioned final support near $0.00001250 but the sell off was rapid enough to wipe off liquidity and around $0.000011 prices hit the bottom and reversed. Although expecting the same to get a retest again.
But currently we're witnessing a reversal with a decent volume and to make sure this is not a fakeout Pepe needs to close the day above $0.000013. At the time of writing Pepe was changing hands around $0.0000129, more than 6.5% up for the day. Still it is moving within the ascending channel and will test the lower trendline in the coming week.
📊 On the weekly chart, this week's candle left a long lower shadow showing signs of reversal but a small decline is yet on the cards and can't be ignored.
A possibility of breaking the lower trendline can't be ignored as well and in that case support at $0.00001 will be a line of action.
Overall I'm expecting to the prices to dip a little further based on the current data and we might witness a roller coaster 🎢 ride in the week ahead.
#PEPEATH #PEPEATH #TopCoinsJune2024 #Binance200M #mememcoinseason2024
$PEPE
LIVEThe Crypto Anatomy
--
$PEPE Expecting A Seesaw Move Ahead
So, how many of you bought the dip? That small correction turned out to be a mega sale for the buyers since it was like a wait of ages coming to an end.
📊 The week almost concludes with a healthy correction and the new support levels are getting built on the prices mentioned in the previous post.
📈 Now, let's go through the daily chart first. It has taken support on the upper trendline of the ascending channel and extended it's upward journey.
But this week's sell off has put the buyers on the backfoot. And trading below the 7DMA (Daily Moving Avg.) puts more stress on the prices going downwards. At the time of writing Pepe was trading just above $0.000014 making it 5% down for the day.
This is a major support area for the memecoin followed by $0.000013. I've mentioned a final resort at $0.0000125 (in dotted lines) as this was tested once.
So, in the coming week chances are there it may fall inside the channel which means breaking the resistance trendline.
📈 Now Let's jump to weekly chart.
The significant volume of the candle is signalling weakness and we may witness the support getting broken again. The fall may stretch towards $0.000013 and the final resort which I mentioned above may get a retest.
The weekly RSI above 70, currently trading at 73.87 shows overbought levels.
All in all, a sideways movement is awaiting in the week ahead and there will be one more chance for the buyers to fill their bags one last time before the big take off again.
💰 Though the chances are minimum, but in case of a reversal resistance is at $0.000016 and $0.000017 respectively.
#pepe⚡ #BinanceLaunchpool #StartInvestingInCrypto #altcoins #memecoin🚀🚀🚀
So, how many of you bought the dip? That small correction turned out to be a mega sale for the buyers since it was like a wait of ages coming to an end.
📊 The week almost concludes with a healthy correction and the new support levels are getting built on the prices mentioned in the previous post.
📈 Now, let's go through the daily chart first. It has taken support on the upper trendline of the ascending channel and extended it's upward journey.
But this week's sell off has put the buyers on the backfoot. And trading below the 7DMA (Daily Moving Avg.) puts more stress on the prices going downwards. At the time of writing Pepe was trading just above $0.000014 making it 5% down for the day.
This is a major support area for the memecoin followed by $0.000013. I've mentioned a final resort at $0.0000125 (in dotted lines) as this was tested once.
So, in the coming week chances are there it may fall inside the channel which means breaking the resistance trendline.
📈 Now Let's jump to weekly chart.
The significant volume of the candle is signalling weakness and we may witness the support getting broken again. The fall may stretch towards $0.000013 and the final resort which I mentioned above may get a retest.
The weekly RSI above 70, currently trading at 73.87 shows overbought levels.
All in all, a sideways movement is awaiting in the week ahead and there will be one more chance for the buyers to fill their bags one last time before the big take off again.
💰 Though the chances are minimum, but in case of a reversal resistance is at $0.000016 and $0.000017 respectively.
#pepe⚡ #BinanceLaunchpool #StartInvestingInCrypto #altcoins #memecoin🚀🚀🚀
If Those Charts Don't Excite You, Then Stop Asking This Question:
"How to spot/enter a coin in it's initial phase, even before it explodes?"
This is no explosion guys. This is just the beginning.
GME coin (GME) is a memecoin on the Solana ecosystem inspired by the 2021 GameStop short squeeze, saw its value jump over 150% to $0.029 on June 7. This dramatic increase coincided with the announcement from Keith Gill, known as Roaring Kitty, about his return to YouTube after three years.
Since June 2, the price of GME cryptocurrency has skyrocketed over 730%, following Gill’s disclosure of trading GameStop’s stock, which itself has soared by more than 110% since his announcement.
Despite the lack of detailed content in Keith Gill’s YouTube announcement, it spurred significant speculation that he might be optimistic about GameStop’s future.
This anticipation has electrified the investor community; one notable instance involved a trader who turned a $2 million investment in Solana’s native token into a $1.5 million profit through GME memecoin.
And if you have missed Floki, Pepe, Wif or whatever shitcoin this year; you shouldn't miss this one.
Rest is your choice.
#memecoin🚀🚀🚀 #Binance200M #TopCoinsJune2024 #altcoins #GameStop
"How to spot/enter a coin in it's initial phase, even before it explodes?"
This is no explosion guys. This is just the beginning.
GME coin (GME) is a memecoin on the Solana ecosystem inspired by the 2021 GameStop short squeeze, saw its value jump over 150% to $0.029 on June 7. This dramatic increase coincided with the announcement from Keith Gill, known as Roaring Kitty, about his return to YouTube after three years.
Since June 2, the price of GME cryptocurrency has skyrocketed over 730%, following Gill’s disclosure of trading GameStop’s stock, which itself has soared by more than 110% since his announcement.
Despite the lack of detailed content in Keith Gill’s YouTube announcement, it spurred significant speculation that he might be optimistic about GameStop’s future.
This anticipation has electrified the investor community; one notable instance involved a trader who turned a $2 million investment in Solana’s native token into a $1.5 million profit through GME memecoin.
And if you have missed Floki, Pepe, Wif or whatever shitcoin this year; you shouldn't miss this one.
Rest is your choice.
#memecoin🚀🚀🚀 #Binance200M #TopCoinsJune2024 #altcoins #GameStop
Why Are Investors Withdrawing Bitcoin?
A substantial number of Bitcoin withdrawals from exchanges often indicates a shift in investor strategy. Such actions typically suggest that holders are opting for long-term storage over immediate trading or selling. This behavior may reflect a bullish outlook, with investors confident in Bitcoin’s future value and choosing to safeguard their assets in private wallets rather than keeping them accessible for quick trades.
Impact on Exchange Liquidity
The withdrawal of large amounts of Bitcoin can also affect liquidity on exchanges. A decreased supply on these platforms can lead to greater volatility, as significant buy or sell orders could have amplified effects on market prices. Investors monitor these changes closely, as fluctuations in exchange reserves can provide early indicators of potential price movements.
The factors driving this trend include regulatory developments, macroeconomic conditions, and advancements in the cryptocurrency ecosystem. For instance, stricter regulations or economic instability might lead investors to secure their assets in private wallets, viewing Bitcoin as a hedge against traditional financial uncertainties.
Institutional Investors’ Influence
Institutional investors also play a crucial role in these market movements. The week saw significant inflows into Bitcoin ETFs, suggesting that institutional players are bolstering their holdings. This could further validate Bitcoin as a legitimate asset class and contribute to its perception as a long-term investment rather than a speculative one.
Key Takeaways
– Significant Bitcoin withdrawals indicate long-term holding intentions.
– Lower liquidity on exchanges can lead to increased market volatility.
– Regulatory and macroeconomic factors influence asset security preferences.
– Institutional investments validate Bitcoin as a reliable asset class.
– Advancements in crypto infrastructure encourage off-exchange storage.
#Binance200M #BlackRock #TopCoinsJune2024 #FIT21 #BTC
A substantial number of Bitcoin withdrawals from exchanges often indicates a shift in investor strategy. Such actions typically suggest that holders are opting for long-term storage over immediate trading or selling. This behavior may reflect a bullish outlook, with investors confident in Bitcoin’s future value and choosing to safeguard their assets in private wallets rather than keeping them accessible for quick trades.
Impact on Exchange Liquidity
The withdrawal of large amounts of Bitcoin can also affect liquidity on exchanges. A decreased supply on these platforms can lead to greater volatility, as significant buy or sell orders could have amplified effects on market prices. Investors monitor these changes closely, as fluctuations in exchange reserves can provide early indicators of potential price movements.
The factors driving this trend include regulatory developments, macroeconomic conditions, and advancements in the cryptocurrency ecosystem. For instance, stricter regulations or economic instability might lead investors to secure their assets in private wallets, viewing Bitcoin as a hedge against traditional financial uncertainties.
Institutional Investors’ Influence
Institutional investors also play a crucial role in these market movements. The week saw significant inflows into Bitcoin ETFs, suggesting that institutional players are bolstering their holdings. This could further validate Bitcoin as a legitimate asset class and contribute to its perception as a long-term investment rather than a speculative one.
Key Takeaways
– Significant Bitcoin withdrawals indicate long-term holding intentions.
– Lower liquidity on exchanges can lead to increased market volatility.
– Regulatory and macroeconomic factors influence asset security preferences.
– Institutional investments validate Bitcoin as a reliable asset class.
– Advancements in crypto infrastructure encourage off-exchange storage.
#Binance200M #BlackRock #TopCoinsJune2024 #FIT21 #BTC
$NOT Has Some More Correction Pending
"No way it's going to decline, it'll only go up from here." They said.
"Have patience and wait for some time, technicals don't lie." I said.
And the rest was fuelled by yesterday's correction.
📊 So, looking on the 4H chart Not is still trading below:
🔸The descending trendline.
🔸 20DMA (Daily Moving Avg.) or known as the middle band in the bollinger band.
🔸 Also it broke below 50DMA which shows further bearishness.
What to expect next?
Since Not is unable to sustain above its key support level of $0.02 and declining deeper, we have to watch out for these major support levels:
$0.018, $0.017 & $0.016 respectively.
If it breaks below the lower band of the bollinger band and closes, Not will bleed deep. Also the current movement is not showing any kind of strength and for the price to stabilize it'll take support on the 100DMA. That will take place somewhere around $0.015-0.014.
So, could be a good time to buy the dip if it reaches those levels.
As far as the daily chart is concerned, my stance is still depending on the 'Shooting Star' candle that changed the course of its movement.
Sentiments are catalysts that make or break the market, but that is temporary. Technical Analysis is the foundation and works 95% of the time.
Fundamentals are always the key. 📈
#Notcoin👀🔥 #NOTCOİN #TopCoinsJune2024 #altcoins #Write2Earn!
$NOT
"No way it's going to decline, it'll only go up from here." They said.
"Have patience and wait for some time, technicals don't lie." I said.
And the rest was fuelled by yesterday's correction.
📊 So, looking on the 4H chart Not is still trading below:
🔸The descending trendline.
🔸 20DMA (Daily Moving Avg.) or known as the middle band in the bollinger band.
🔸 Also it broke below 50DMA which shows further bearishness.
What to expect next?
Since Not is unable to sustain above its key support level of $0.02 and declining deeper, we have to watch out for these major support levels:
$0.018, $0.017 & $0.016 respectively.
If it breaks below the lower band of the bollinger band and closes, Not will bleed deep. Also the current movement is not showing any kind of strength and for the price to stabilize it'll take support on the 100DMA. That will take place somewhere around $0.015-0.014.
So, could be a good time to buy the dip if it reaches those levels.
As far as the daily chart is concerned, my stance is still depending on the 'Shooting Star' candle that changed the course of its movement.
Sentiments are catalysts that make or break the market, but that is temporary. Technical Analysis is the foundation and works 95% of the time.
Fundamentals are always the key. 📈
#Notcoin👀🔥 #NOTCOİN #TopCoinsJune2024 #altcoins #Write2Earn!
$NOT
Quite a frustrating cycle for fundamentalists.
Memecoins mindshare is at an ATH and growing by the day.
Retail skipping all the high FDV infra stuff and heading straight to the casino.
Sometimes you have to forfeit your own bias and go where the attention is.
The Ugly Truth.
#mememcoinseason2024 #TopCoinsJune2024 #MemeWatch2024 #altcoins #Binance55thProject(IO)
$PEPE
Memecoins mindshare is at an ATH and growing by the day.
Retail skipping all the high FDV infra stuff and heading straight to the casino.
Sometimes you have to forfeit your own bias and go where the attention is.
The Ugly Truth.
#mememcoinseason2024 #TopCoinsJune2024 #MemeWatch2024 #altcoins #Binance55thProject(IO)
$PEPE
Who Is Roaring Kitty, and What Does His Return Mean for Crypto?
UPDATE: Keith Gill staged his return to Twitter, then Reddit, and finally back to YouTube with a livestream that drew 700,000 viewers.
Financial analyst turned stock and meme influencer Roaring Kitty has roared back onto social media. His surprise return to Twitter in May didn’t even directly mention GameStop—the stock whose rollercoaster ride sparked global headlines and a documentary film—but nonetheless prompted the price of GME to double briefly and preceded a 1,900% surge in a Solana-based tribute coin also named GME.
📢 What’s the connection between Roaring Kitty—whose real name is Keith Gill—the failed video game retailer, and meme coins?
Gill is no fringe character. He was the subject of the 2023 film “Dumb Money,” which told the story of the 2021 GameStop short squeeze, after his stock analysis and campaign to promote GameStop stock largely started the fire that engulfed Wall Street in 2021—and led him to testify on Capitol Hill.
After more than two years of inactivity, the @TheRoaringKitty Twitter account came back to life on May 12 with an image of a man sitting up in his seat, holding a video game controller with a look of keen interest in his face.
Gill nonetheless revealed himself live on YouTube, a little later than scheduled on June 7, joking that “I kind of forget how to do this.”
After a litany of disclaimers, Gill cautioned viewers to do research on GameStop and its transition from brick-and-mortar video game sales. While acknowledging he should probably have a lawyer present, he expressed confidence in the firm's current leadership. He also responded to the early GameStop earnings report and the subsequent drop in stock price.
This latest chapter of the Roaring Kitty saga will run at least through June 21, when the massive collection of $20 call options for GME expires—basically, a bet that GME will be worth more than $20 on that date.
#TopCoinsJune2024 #Binance55thProject(IO) #altcoins #BnbAth #GME
UPDATE: Keith Gill staged his return to Twitter, then Reddit, and finally back to YouTube with a livestream that drew 700,000 viewers.
Financial analyst turned stock and meme influencer Roaring Kitty has roared back onto social media. His surprise return to Twitter in May didn’t even directly mention GameStop—the stock whose rollercoaster ride sparked global headlines and a documentary film—but nonetheless prompted the price of GME to double briefly and preceded a 1,900% surge in a Solana-based tribute coin also named GME.
📢 What’s the connection between Roaring Kitty—whose real name is Keith Gill—the failed video game retailer, and meme coins?
Gill is no fringe character. He was the subject of the 2023 film “Dumb Money,” which told the story of the 2021 GameStop short squeeze, after his stock analysis and campaign to promote GameStop stock largely started the fire that engulfed Wall Street in 2021—and led him to testify on Capitol Hill.
After more than two years of inactivity, the @TheRoaringKitty Twitter account came back to life on May 12 with an image of a man sitting up in his seat, holding a video game controller with a look of keen interest in his face.
Gill nonetheless revealed himself live on YouTube, a little later than scheduled on June 7, joking that “I kind of forget how to do this.”
After a litany of disclaimers, Gill cautioned viewers to do research on GameStop and its transition from brick-and-mortar video game sales. While acknowledging he should probably have a lawyer present, he expressed confidence in the firm's current leadership. He also responded to the early GameStop earnings report and the subsequent drop in stock price.
This latest chapter of the Roaring Kitty saga will run at least through June 21, when the massive collection of $20 call options for GME expires—basically, a bet that GME will be worth more than $20 on that date.
#TopCoinsJune2024 #Binance55thProject(IO) #altcoins #BnbAth #GME
📉 Market Plummets After Strong U.S. Jobs Data.
U.S. Added 272K Jobs in May, Blowing Past Estimates; Bitcoin Pulls Back From 2-Month High.
Recent soft economic and inflation data combined with rate cuts this week in Europe and Canada had investors rethinking expectations about Fed policy.
🔸Far stronger than expected U.S. job adds are likely to put a damper on ideas of imminent Fed rate cuts.
🔸Bitcoin, stock and bond markets have all turned blood red in response to the fresh data.
The employment market in the U.S. remained strong in May with the government reporting the addition of 272,000 jobs, far past estimates for just 185,000 and well ahead of April's 165,000 (revised from a previously reported 175,000).
The May unemployment rate was 4.0% versus estimates for 3.9% and April's 3.9%.
The price of bitcoin (BTC) fell sharply from a two-month high just shy of $72,000 in the minutes following the numbers.
Although market was due for a little correction and the jobs data has worked as a catalyst to fuel this crash.
#Binance55thProject(IO) #TopCoinsJune2024 #BnbAth #Metaverse #altcoins
U.S. Added 272K Jobs in May, Blowing Past Estimates; Bitcoin Pulls Back From 2-Month High.
Recent soft economic and inflation data combined with rate cuts this week in Europe and Canada had investors rethinking expectations about Fed policy.
🔸Far stronger than expected U.S. job adds are likely to put a damper on ideas of imminent Fed rate cuts.
🔸Bitcoin, stock and bond markets have all turned blood red in response to the fresh data.
The employment market in the U.S. remained strong in May with the government reporting the addition of 272,000 jobs, far past estimates for just 185,000 and well ahead of April's 165,000 (revised from a previously reported 175,000).
The May unemployment rate was 4.0% versus estimates for 3.9% and April's 3.9%.
The price of bitcoin (BTC) fell sharply from a two-month high just shy of $72,000 in the minutes following the numbers.
Although market was due for a little correction and the jobs data has worked as a catalyst to fuel this crash.
#Binance55thProject(IO) #TopCoinsJune2024 #BnbAth #Metaverse #altcoins
Will Notcoin Hit $1 This Year?
Notcoin Price Prediction 2024-2027. 📊
📢 With its current trajectory, can $NOT reach $1 soon?
Notcoin ($NOT ), a new cryptocurrency tied to a Telegram-based clicker game, has witnessed an extraordinary surge in market capitalization, recently surpassing $2 billion. Introduced on The Open Network (TON) and launched via an airdrop in May 2024, NotCoin rewards users who engage with the game by repeatedly tapping a digital gold coin. This unique gameplay mechanic, alongside the introduction of ‘earnings missions’ allowing users to earn $NOT passively, has fueled its rapid rise.
Within weeks of its launch, Notcoin’s price soared to near 300%. The surge in popularity and market performance of NotCoin highlights the growing trend of integrating gaming with blockchain technology, providing both entertainment and financial incentives to a vast user base.
📈 Notcoin Price Analysis: NOT reaches $0.02212, as the market turns bullish
🔸Notcoin's long term price analysis is bullish.
🔸Notcoin is currently trading at $0.02112 down -3.18% for the day.
🔸NOT prices have set support at $0.02046 though the signs are bearish.
📌 In June 2024, Not is expected to reach a minimum price of $0.01875. After this correction max price could ascend to $0.029, with an average trading price of $0.0225.
🔸For the year 2024 the price might trade at a minimum of $0.0149, a maximum of $0.0171, and an average trading value of $0.0153.
🔸For the year 2025, the expected minimum price of Notcoin is $0.0217. The maximum price could climb to $0.0259, with an average trading price of $ 0.0223.
🔸For 2026 expect NOT to trade at a minimum price of $0.0318 in 2026, an average price of $0.0327, and a maximum price of $0.0368.
🔸The price of Notcoin is predicted to reach a minimum value of $0.0468 in 2027. NOT might attain a max value of $0.0549 and an average trading price of $0.0484.
*This is not investment advice. Please do your own research.
#NOT🔥🔥🔥 #Notcoin👀🔥 #Binance55thProject(IO) #altcoins #notcoinprediction
$NOT
Notcoin Price Prediction 2024-2027. 📊
📢 With its current trajectory, can $NOT reach $1 soon?
Notcoin ($NOT ), a new cryptocurrency tied to a Telegram-based clicker game, has witnessed an extraordinary surge in market capitalization, recently surpassing $2 billion. Introduced on The Open Network (TON) and launched via an airdrop in May 2024, NotCoin rewards users who engage with the game by repeatedly tapping a digital gold coin. This unique gameplay mechanic, alongside the introduction of ‘earnings missions’ allowing users to earn $NOT passively, has fueled its rapid rise.
Within weeks of its launch, Notcoin’s price soared to near 300%. The surge in popularity and market performance of NotCoin highlights the growing trend of integrating gaming with blockchain technology, providing both entertainment and financial incentives to a vast user base.
📈 Notcoin Price Analysis: NOT reaches $0.02212, as the market turns bullish
🔸Notcoin's long term price analysis is bullish.
🔸Notcoin is currently trading at $0.02112 down -3.18% for the day.
🔸NOT prices have set support at $0.02046 though the signs are bearish.
📌 In June 2024, Not is expected to reach a minimum price of $0.01875. After this correction max price could ascend to $0.029, with an average trading price of $0.0225.
🔸For the year 2024 the price might trade at a minimum of $0.0149, a maximum of $0.0171, and an average trading value of $0.0153.
🔸For the year 2025, the expected minimum price of Notcoin is $0.0217. The maximum price could climb to $0.0259, with an average trading price of $ 0.0223.
🔸For 2026 expect NOT to trade at a minimum price of $0.0318 in 2026, an average price of $0.0327, and a maximum price of $0.0368.
🔸The price of Notcoin is predicted to reach a minimum value of $0.0468 in 2027. NOT might attain a max value of $0.0549 and an average trading price of $0.0484.
*This is not investment advice. Please do your own research.
#NOT🔥🔥🔥 #Notcoin👀🔥 #Binance55thProject(IO) #altcoins #notcoinprediction
$NOT
$UNI On The Cusp Of A "GOLDEN CROSS".
One of the prominent indications of an upcoming bull run is the formation of the golden cross.
The point where the 50 DMA (daily moving average) overlaps the 200 DMA is known as a golden cross.
📊 After the rejection at $11.5, Uni saw a sharp decline with the delay in "Protocol Upgrade" fuelling the correction.
The support proved strong at the 7 DMA (Yellow line) which floats around $9.4-9.5 and the reversal was astounding with the hint of something big to take place and yet to be announced. This was enough for the buyers to comeback and let the green do the work.
And now we have the Golden Cross (circle) forming on the daily chart and this will be big.
So, already mentioned that $20 is on the way. All we need is the day's closing above $11. Next support lies at $10.5 followed by $10.
#Uniswap’s #UniswapFoundation #StartInvestingInCrypto #altcoins #BinanceLaunchpool
$UNI
One of the prominent indications of an upcoming bull run is the formation of the golden cross.
The point where the 50 DMA (daily moving average) overlaps the 200 DMA is known as a golden cross.
📊 After the rejection at $11.5, Uni saw a sharp decline with the delay in "Protocol Upgrade" fuelling the correction.
The support proved strong at the 7 DMA (Yellow line) which floats around $9.4-9.5 and the reversal was astounding with the hint of something big to take place and yet to be announced. This was enough for the buyers to comeback and let the green do the work.
And now we have the Golden Cross (circle) forming on the daily chart and this will be big.
So, already mentioned that $20 is on the way. All we need is the day's closing above $11. Next support lies at $10.5 followed by $10.
#Uniswap’s #UniswapFoundation #StartInvestingInCrypto #altcoins #BinanceLaunchpool
$UNI
$NOT Ready For A Correction 📉
"Shooting Star" formed at the top on the daily time frame.
Be very cautious at this moment and don't use leverage much. Build your positions accordingly.
Might go down to $0.013 or $0.012.
#NOTCOİN #Notcoinnews #StartInvestingInCrypto #altcoins #BinanceLaunchpool
$NOT
"Shooting Star" formed at the top on the daily time frame.
Be very cautious at this moment and don't use leverage much. Build your positions accordingly.
Might go down to $0.013 or $0.012.
#NOTCOİN #Notcoinnews #StartInvestingInCrypto #altcoins #BinanceLaunchpool
$NOT
$BNB $FLOKI Achieved New Milestone 🔥
Both have hit new all time highs making some momentous moves.
So, who's next in the queue?
#BnbAth #FLOKISKYROCKET #StartInvestingInCrypto #altcoins #BinanceLaunchpool
$FLOKI
Both have hit new all time highs making some momentous moves.
So, who's next in the queue?
#BnbAth #FLOKISKYROCKET #StartInvestingInCrypto #altcoins #BinanceLaunchpool
$FLOKI
Got Some GME (GAMESTOP) For $50.
Will buy more if dips.
What about you?
It has landed on the centre stage of Crypto to make some tectonic shifts.
Get ready!!!
#GameStop #StartInvestingInCrypto #FIT21 #altcoins #buythedip
Will buy more if dips.
What about you?
It has landed on the centre stage of Crypto to make some tectonic shifts.
Get ready!!!
#GameStop #StartInvestingInCrypto #FIT21 #altcoins #buythedip
$UNI Is Heading Towards $20 💰💰
Something huge is about to be revealed and the preparations seem to be underway. The effect is clearly visible even before the big news.
"It seems to be a temporary phase and may fade away soon", these were my exact words a few days ago when Uniswap tanked more than 9% on the day when they postponed the "Fee Switch" vote (thread underneath).
Currently trading around $10.41with more than 8% up for the day, the investors are back with buying sentiments and we may witness some new levels getting hit soon.
As of now, $11.5 is the nearest roadblock. Then going ahead we'll get hurdles at $13 & $15 respectively.
So, manage your trades accordingly.
Get ready FAM, something amazing is about to arrive. 🔥🔥
#Uniswap’s #BNBCrossing660 #StartInvestingInCrypto #altcoins #buythedip
$UNI
Something huge is about to be revealed and the preparations seem to be underway. The effect is clearly visible even before the big news.
"It seems to be a temporary phase and may fade away soon", these were my exact words a few days ago when Uniswap tanked more than 9% on the day when they postponed the "Fee Switch" vote (thread underneath).
Currently trading around $10.41with more than 8% up for the day, the investors are back with buying sentiments and we may witness some new levels getting hit soon.
As of now, $11.5 is the nearest roadblock. Then going ahead we'll get hurdles at $13 & $15 respectively.
So, manage your trades accordingly.
Get ready FAM, something amazing is about to arrive. 🔥🔥
#Uniswap’s #BNBCrossing660 #StartInvestingInCrypto #altcoins #buythedip
$UNI
LIVEThe Crypto Anatomy
--
Υποτιμητική
$UNI Tumbles Almost 9% After Uniswap Delays "Fee switch" Vote 📉
The Protocol Upgrade vote that took place today saw the postponement of a proposal upgrade vote that would have allowed rewards for UNI holders who staked and delegated their tokens.
After this news was public the project's native token Uni saw a decline of nearly 9% and was trading at just above $10 at the time of writing.
Though this unexpected delay has certainly dented the investor's sentiment, bearish structure has started to appear in the token's price but it seems to be a temporary phase and may fade away soon.
Just a reminder to keep an eye on support levels. Staying above $10 is crucial to keep the price stable, but in any opposite scenario the next support levels are at $9.5 followed by $9.
*This is not investment advice. Please do your own research before taking any trade.
#Uniswap’s #StartInvestingInCrypto #BinanceLaunchpool #altcoins #BlackRock
$UNI
The Protocol Upgrade vote that took place today saw the postponement of a proposal upgrade vote that would have allowed rewards for UNI holders who staked and delegated their tokens.
After this news was public the project's native token Uni saw a decline of nearly 9% and was trading at just above $10 at the time of writing.
Though this unexpected delay has certainly dented the investor's sentiment, bearish structure has started to appear in the token's price but it seems to be a temporary phase and may fade away soon.
Just a reminder to keep an eye on support levels. Staying above $10 is crucial to keep the price stable, but in any opposite scenario the next support levels are at $9.5 followed by $9.
*This is not investment advice. Please do your own research before taking any trade.
#Uniswap’s #StartInvestingInCrypto #BinanceLaunchpool #altcoins #BlackRock
$UNI
Here's Why The Australian Spot Bitcoin ETF Stands Out 🦾
📈 In a positive development for Australia, Monochrome Asset Management has launched a spot Bitcoin Exchange-Traded Fund (ETF) on the Cboe Australia exchange. Notably, the Monochrome spot Bitcoin ETF (IBTC) represents Australia’s first and only ETF holding Bitcoin (BTC) directly.
Samson Mow, the CEO of Bitcoin technology company JAN3, highlighted IBTC’s unique position on the ETF market. First, he noted that the Monochrome spot Bitcoin ETF offers global investors direct in-kind creation or redemption.
This feature allows them to directly exchange their Bitcoin for units of the ETF (IBTC) and vice versa, globally. This is quite different from other Bitcoin ETFs, especially those offered in the U.S. and Hong Kong, where investors typically deal with Authorized Participants (APs), who act as intermediaries.
🪙 Benefits of IBTC for borrowers and Bitcoin miners
Compared to borrowing through pure coin loans, Mow emphasized that using IBTC as collateral offers potential advantages as it is considered a more established financial product. According to him, borrowing through IBTC might come with a better loan-to-value ratio (LVR) and lower interest rates than traditional pure coin loans.
In addition, Bitcoin holdings of the ETF would not need to leave cold storage, even when borrowed against. This eliminates the risk of investors losing their Bitcoin holdings due to hacks or other security issues.
For Bitcoin miners, this feature could be a game-changer to help expand their operations. Bitcoin miners might use the IBTC borrowing option to access capital without selling their Bitcoin holdings.
#StartInvestingInCrypto #MicroStrategy #BlackRock #BinanceLaunchpool #Megadrop
📈 In a positive development for Australia, Monochrome Asset Management has launched a spot Bitcoin Exchange-Traded Fund (ETF) on the Cboe Australia exchange. Notably, the Monochrome spot Bitcoin ETF (IBTC) represents Australia’s first and only ETF holding Bitcoin (BTC) directly.
Samson Mow, the CEO of Bitcoin technology company JAN3, highlighted IBTC’s unique position on the ETF market. First, he noted that the Monochrome spot Bitcoin ETF offers global investors direct in-kind creation or redemption.
This feature allows them to directly exchange their Bitcoin for units of the ETF (IBTC) and vice versa, globally. This is quite different from other Bitcoin ETFs, especially those offered in the U.S. and Hong Kong, where investors typically deal with Authorized Participants (APs), who act as intermediaries.
🪙 Benefits of IBTC for borrowers and Bitcoin miners
Compared to borrowing through pure coin loans, Mow emphasized that using IBTC as collateral offers potential advantages as it is considered a more established financial product. According to him, borrowing through IBTC might come with a better loan-to-value ratio (LVR) and lower interest rates than traditional pure coin loans.
In addition, Bitcoin holdings of the ETF would not need to leave cold storage, even when borrowed against. This eliminates the risk of investors losing their Bitcoin holdings due to hacks or other security issues.
For Bitcoin miners, this feature could be a game-changer to help expand their operations. Bitcoin miners might use the IBTC borrowing option to access capital without selling their Bitcoin holdings.
#StartInvestingInCrypto #MicroStrategy #BlackRock #BinanceLaunchpool #Megadrop
🚨🚨🚨🚨 BIG BREAKING 🚨🚨🚨🚨
More than $475 Billion of wealth wiped off in just 4 hours of trading. That's the effect of election day results on the Indian Stock Market today.
📌Sensex tanked almost 4400 points (-5.75%)
📌 Nifty tanked almost 1400 points (-5.95%)
📌 Bank Nifty tanked more than 4000 points (-7.95%)
That's the biggest intraday fall recorded in the Indian Stock Market after the Covid-19 crash.
#StartInvestingInCrypto #FIT21 #ETHETFsApproved #altcoins #BinanceLaunchpool
More than $475 Billion of wealth wiped off in just 4 hours of trading. That's the effect of election day results on the Indian Stock Market today.
📌Sensex tanked almost 4400 points (-5.75%)
📌 Nifty tanked almost 1400 points (-5.95%)
📌 Bank Nifty tanked more than 4000 points (-7.95%)
That's the biggest intraday fall recorded in the Indian Stock Market after the Covid-19 crash.
#StartInvestingInCrypto #FIT21 #ETHETFsApproved #altcoins #BinanceLaunchpool
$SOL If It Corrects Further, I'm Going All In
Even after a fabulous run for the past six months there are these bizarre talks of this giant doing a Luna. 🤦🏼♂️
Crazy!!
Moving ahead anything below $150 is like silver at this moment and anything below $140 is just pure gold 🪙 .
📊 Now, let's analyse some points.
🔸On the weekly chart after a continued uptrend, the price is respecting the ascending channel and currently moving within after a rejection at $180 which is a key resistance zone. Though I've marked $175 on the chart which is a sweet spot right now. The resistance is strong in this zone which we saw in the last couple of weeks.
🔸But the formation of a certain bearish candle raised a few eyebrows which seems ridiculous. The marked red candle is a "Shooting Star" also known as Inverted Hammer (when formed during a downtrend). Formation of this candle after an uptrend are signs of bumpy roads ahead and indicate weakness.
🔸But this won't prevail for much time as we witness that this candle formed after a reversal not at the exact top. Formation at the exact top is perfect time for bears and the fall is steep from that point. Solana already went through that rough phase with $120 getting tested twice after hitting a high of $210.
Going with the daily chart, this week kicks off on a positive note with Sol rising almost 1.75% today currently trading above $165. A fall from here will test $160 first, then $150 followed by $140 and to strengthen the support even further it'll test $130.
If this happens, I'm seeing a reversal from $150 or if it goes deeper then a reversal from the lower trendline as support which will be between $140-130.
That's It!!
We all know what happened with Luna and comparing that to get repeated with Sol is utter foolishness.
#SolanaStrong #altcoins #FIT21 #Megadrop #StartInvestingInCrypto
$SOL
Even after a fabulous run for the past six months there are these bizarre talks of this giant doing a Luna. 🤦🏼♂️
Crazy!!
Moving ahead anything below $150 is like silver at this moment and anything below $140 is just pure gold 🪙 .
📊 Now, let's analyse some points.
🔸On the weekly chart after a continued uptrend, the price is respecting the ascending channel and currently moving within after a rejection at $180 which is a key resistance zone. Though I've marked $175 on the chart which is a sweet spot right now. The resistance is strong in this zone which we saw in the last couple of weeks.
🔸But the formation of a certain bearish candle raised a few eyebrows which seems ridiculous. The marked red candle is a "Shooting Star" also known as Inverted Hammer (when formed during a downtrend). Formation of this candle after an uptrend are signs of bumpy roads ahead and indicate weakness.
🔸But this won't prevail for much time as we witness that this candle formed after a reversal not at the exact top. Formation at the exact top is perfect time for bears and the fall is steep from that point. Solana already went through that rough phase with $120 getting tested twice after hitting a high of $210.
Going with the daily chart, this week kicks off on a positive note with Sol rising almost 1.75% today currently trading above $165. A fall from here will test $160 first, then $150 followed by $140 and to strengthen the support even further it'll test $130.
If this happens, I'm seeing a reversal from $150 or if it goes deeper then a reversal from the lower trendline as support which will be between $140-130.
That's It!!
We all know what happened with Luna and comparing that to get repeated with Sol is utter foolishness.
#SolanaStrong #altcoins #FIT21 #Megadrop #StartInvestingInCrypto
$SOL
WHAT IS AN ALTSEASON AND HOW TO SPOT THEM?
You've probably heard this term every now & then you open your Binance and go through those feeds, but you may not fully understand it.
Read carefully and pay attention, as it's a very important concept in crypto.
📌An altseason is an "altcoin season": essentially, it's a period during which altcoins will skyrocket and outperform BTC by a significant margin. During an altseason, it's highly advisable to hold altcoins in your portfolio. But most importantly, it's preferable to hold altcoins that haven't exploded yet: they will have a much greater potential for growth than mainstream such as $SHIB , $SOL , or others.
📌How does an altseason work in practice?
Altseasons occur when Bitcoin isn't moving much and has low volatility. During these periods, investor capital will flow more into altcoins because there will be less interest in Bitcoin: remember that the market is stupid and impatient, so people prefer to go where there's movement rather than where they need to wait.
As a result, a significant amount of money flows into the altcoin market capitalization, drastically increasing the value of almost all altcoins.
🧐 To observe this phenomenon, you need to look at Bitcoin Dominance (BTC.D on TradingView): this chart shows you the share that Bitcoin takes in the total market capitalization of the crypto market. The lower it goes, the better altcoins will perform against Bitcoin, and vice versa.
From my personal experience, altseasons last for about 3 weeks, and there are several during a bull market. So, your goal is to position yourself on altcoins before these altseasons by trying to predict them using Bitcoin Dominance.
*This is not investment advice and the post represents my personal views only.
#ETHETFsApproved #altcoins #StartInvestingInCrypto #BlackRock #MtGox
$ETH
You've probably heard this term every now & then you open your Binance and go through those feeds, but you may not fully understand it.
Read carefully and pay attention, as it's a very important concept in crypto.
📌An altseason is an "altcoin season": essentially, it's a period during which altcoins will skyrocket and outperform BTC by a significant margin. During an altseason, it's highly advisable to hold altcoins in your portfolio. But most importantly, it's preferable to hold altcoins that haven't exploded yet: they will have a much greater potential for growth than mainstream such as $SHIB , $SOL , or others.
📌How does an altseason work in practice?
Altseasons occur when Bitcoin isn't moving much and has low volatility. During these periods, investor capital will flow more into altcoins because there will be less interest in Bitcoin: remember that the market is stupid and impatient, so people prefer to go where there's movement rather than where they need to wait.
As a result, a significant amount of money flows into the altcoin market capitalization, drastically increasing the value of almost all altcoins.
🧐 To observe this phenomenon, you need to look at Bitcoin Dominance (BTC.D on TradingView): this chart shows you the share that Bitcoin takes in the total market capitalization of the crypto market. The lower it goes, the better altcoins will perform against Bitcoin, and vice versa.
From my personal experience, altseasons last for about 3 weeks, and there are several during a bull market. So, your goal is to position yourself on altcoins before these altseasons by trying to predict them using Bitcoin Dominance.
*This is not investment advice and the post represents my personal views only.
#ETHETFsApproved #altcoins #StartInvestingInCrypto #BlackRock #MtGox
$ETH
$PEPE Expecting A Seesaw Move Ahead
So, how many of you bought the dip? That small correction turned out to be a mega sale for the buyers since it was like a wait of ages coming to an end.
📊 The week almost concludes with a healthy correction and the new support levels are getting built on the prices mentioned in the previous post.
📈 Now, let's go through the daily chart first. It has taken support on the upper trendline of the ascending channel and extended it's upward journey.
But this week's sell off has put the buyers on the backfoot. And trading below the 7DMA (Daily Moving Avg.) puts more stress on the prices going downwards. At the time of writing Pepe was trading just above $0.000014 making it 5% down for the day.
This is a major support area for the memecoin followed by $0.000013. I've mentioned a final resort at $0.0000125 (in dotted lines) as this was tested once.
So, in the coming week chances are there it may fall inside the channel which means breaking the resistance trendline.
📈 Now Let's jump to weekly chart.
The significant volume of the candle is signalling weakness and we may witness the support getting broken again. The fall may stretch towards $0.000013 and the final resort which I mentioned above may get a retest.
The weekly RSI above 70, currently trading at 73.87 shows overbought levels.
All in all, a sideways movement is awaiting in the week ahead and there will be one more chance for the buyers to fill their bags one last time before the big take off again.
💰 Though the chances are minimum, but in case of a reversal resistance is at $0.000016 and $0.000017 respectively.
#pepe⚡ #BinanceLaunchpool #StartInvestingInCrypto #altcoins #memecoin🚀🚀🚀
So, how many of you bought the dip? That small correction turned out to be a mega sale for the buyers since it was like a wait of ages coming to an end.
📊 The week almost concludes with a healthy correction and the new support levels are getting built on the prices mentioned in the previous post.
📈 Now, let's go through the daily chart first. It has taken support on the upper trendline of the ascending channel and extended it's upward journey.
But this week's sell off has put the buyers on the backfoot. And trading below the 7DMA (Daily Moving Avg.) puts more stress on the prices going downwards. At the time of writing Pepe was trading just above $0.000014 making it 5% down for the day.
This is a major support area for the memecoin followed by $0.000013. I've mentioned a final resort at $0.0000125 (in dotted lines) as this was tested once.
So, in the coming week chances are there it may fall inside the channel which means breaking the resistance trendline.
📈 Now Let's jump to weekly chart.
The significant volume of the candle is signalling weakness and we may witness the support getting broken again. The fall may stretch towards $0.000013 and the final resort which I mentioned above may get a retest.
The weekly RSI above 70, currently trading at 73.87 shows overbought levels.
All in all, a sideways movement is awaiting in the week ahead and there will be one more chance for the buyers to fill their bags one last time before the big take off again.
💰 Though the chances are minimum, but in case of a reversal resistance is at $0.000016 and $0.000017 respectively.
#pepe⚡ #BinanceLaunchpool #StartInvestingInCrypto #altcoins #memecoin🚀🚀🚀
LIVEThe Crypto Anatomy
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Ανατιμητική
$PEPE After The Humongous Rally In The Previous Week, Pepe Is Now Poised For A Small Correction. 📉
That massive weekly candle is evidence of how much buyers are getting in, even at a higher price.
📊 So, my analysis and deductions are inclined towards a retracement that will be hitting the support of $0.000015 followed by $0.000014. It may go down a little from this point but that won't be long enough and $0.000014 will be a strong support level.
To my Binance square fam who were eager to know about when to enter, this is what you should be monitoring this week. If the price reaches these levels you can enter.
📢 Although I advise you to do your own research a bit as well.
As of now we can see the price broke the support of $0.000016 and made a low of $0.0000156 for the day. So, it is quite evident from the price action that Pepe is trying hard to stay above the support.
But the selling pressure has an upper hand, so we will witness some downward movement.
#PEPEATH #Megadrop #altcoins #EarnFreeCrypto2024 #BinanceLaunchpool
$PEPE
That massive weekly candle is evidence of how much buyers are getting in, even at a higher price.
📊 So, my analysis and deductions are inclined towards a retracement that will be hitting the support of $0.000015 followed by $0.000014. It may go down a little from this point but that won't be long enough and $0.000014 will be a strong support level.
To my Binance square fam who were eager to know about when to enter, this is what you should be monitoring this week. If the price reaches these levels you can enter.
📢 Although I advise you to do your own research a bit as well.
As of now we can see the price broke the support of $0.000016 and made a low of $0.0000156 for the day. So, it is quite evident from the price action that Pepe is trying hard to stay above the support.
But the selling pressure has an upper hand, so we will witness some downward movement.
#PEPEATH #Megadrop #altcoins #EarnFreeCrypto2024 #BinanceLaunchpool
$PEPE
$AXS Is Showing Some Moves 📈
We have a good Fair Value Gap in Axie and now it's time for the buyers to retest the zone again.
The action is underway 💥
#AXS/USDT #Megadrop #altcoins #StartInvestingInCrypto #altcoins
$AXS
We have a good Fair Value Gap in Axie and now it's time for the buyers to retest the zone again.
The action is underway 💥
#AXS/USDT #Megadrop #altcoins #StartInvestingInCrypto #altcoins
$AXS
$OM Glad To See That Rise 📈
Market is always the King 👑 and it's ok when the market proves you wrong at times.
When you expect some correction to buy at low but still get some quantity so that in case of any reversal you haven't allowed FOMO to play with your mind.
And Bingo! It does reverse from that support price. We're humans not bots and we do make mistakes. 🙍🏼♂️
✋🏼 But I mentioned that two scenarios may occur from the support level of $0.63 and the former is turning out to be true - A reversal from support 🚀🚀🚀
Though it's comfortably trading above the resistance of $0.8, the weekly candle must close above this level to keep the uptrend going. RSI shows strength and it still has more room to grow.
With new milestones achieved and big updates coming, undoubtedly Om is one incredible bet alongside Ondo.
#Mantra #RWA! #StartInvestingInCrypto #BlackRock
Market is always the King 👑 and it's ok when the market proves you wrong at times.
When you expect some correction to buy at low but still get some quantity so that in case of any reversal you haven't allowed FOMO to play with your mind.
And Bingo! It does reverse from that support price. We're humans not bots and we do make mistakes. 🙍🏼♂️
✋🏼 But I mentioned that two scenarios may occur from the support level of $0.63 and the former is turning out to be true - A reversal from support 🚀🚀🚀
Though it's comfortably trading above the resistance of $0.8, the weekly candle must close above this level to keep the uptrend going. RSI shows strength and it still has more room to grow.
With new milestones achieved and big updates coming, undoubtedly Om is one incredible bet alongside Ondo.
#Mantra #RWA! #StartInvestingInCrypto #BlackRock
LIVEThe Crypto Anatomy
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Ανατιμητική
$OM Is One Incredible Bet Alongside Ondo
What has been most promising to me is their Focused & Dedicated team to lead the project Mantra which has drawn enough attention to be recognised as a breakthrough in the RWA narrative.
This is I guess the last opportunity to get some of these and give that adrenaline your portfolio needs.
✋🏼But wait, there's something in the chart that has led to the formation of one of the setups which I usually follow.
So we need to have patience for some more time as there's a slight hint of weakness in the weeks ahead.
Coming up with the chart analysis 📈 in the next post.
#Mantra #MtGox #Megadrop #altcoins #RWA!
$OM
What has been most promising to me is their Focused & Dedicated team to lead the project Mantra which has drawn enough attention to be recognised as a breakthrough in the RWA narrative.
This is I guess the last opportunity to get some of these and give that adrenaline your portfolio needs.
✋🏼But wait, there's something in the chart that has led to the formation of one of the setups which I usually follow.
So we need to have patience for some more time as there's a slight hint of weakness in the weeks ahead.
Coming up with the chart analysis 📈 in the next post.
#Mantra #MtGox #Megadrop #altcoins #RWA!
$OM