📢 Altcoins have been at lows for more than 70 days. It seems to be the ground for a new takeoff. 🔎Be careful that these days we have observed that several projects in the top 20 are beginning to lose strength due to new narratives. What do you think can happen with projects like ADA-DOT-MATIC? Will they surpass new highs? Will we see movements X2, X3? #Bitcoin #altcoins #altseason2024 #Binance
📢The possible sale of Bitcoin confiscated by the US government has impacted the market in the short term. Although we remain bullish on bitcoin for the last quarter of 2024, we are likely to see drops to 60K levels in the coming weeks due to the current uncertainty. #Bitcoin #btc #ETH #SEC
📰Interesting fact to keep in mind after the sale of bitcoins by the German government. 📌Between 1999 and 2002, the United Kingdom had sold its gold reserves. Do you know what happened next? The price of gold rose more than 500%. #Bitcoin #oro #altseason2024 #ETF✅
📌We notice a slight improvement in altcoins. They are gaining ground against bitcoin, after hitting lows less than 2 weeks ago, around 16 points. 📌The greed index is generating fear in the market. 📌It is recommended to operate with caution taking into account the time that exchanges have to redistribute MT GOX balances and, therefore, their possible sales.
🚨 Fear and Greed Index: 28 📈 Altseason index: 24 📊 BTC dominance: 53.5% 📢Altcoins have fallen but are recovering ground against BTC. 📢 We observe fear in the market♦Keep an eye on sales from Germany and MT GOX!!!!!
📌The German government is sending Bitcoin to exchanges again for a potential sale. It's incredible how they take advantage of each recovery to sell again. 🔍Considering this information: ♦Do you think they want to leave the market? ♦Don't you think it's a coordination of big fish to throw the market before the ETF and the big rally that will come? ♦If you want to leave the market, isn't it easier to create a false rise to 70k and get rid of all your positions? And what do you think?
Let's analyze the weekend in the bitcoin ecosystem:
📌We saw a slight recovery, reaching levels of 58K with little strength- 📌The range of movement to observe can range between $49,500 to $60,000. We have concentrated liquidity at both ends. 📌Therefore, do not be surprised that we have been moving in that range for several days, generating false increases to once again create large long leverages...and then the final blow to the leveraged. Will we see one last capitulation?
It is very likely that yes. Where and when will it be? - It will depend on when BTC finds calm. That will generate new leverage. If there is fear... there will be many shorts. If there is greed, the longs will return. In conclusion, we may be going through capitulation right now, or perhaps in those 49500$ where the majority of investors may be left out of the market. If not, there are 2 more key points: 47k and 44k. In a few days we will know how the story unfolds. #Bitcoin❗️ #ETF #BullorBear #Altcoins
In conclusion: 📌Lateralization. False rise. Some liquidation in the lower range. Watch out for $49,500-$50,000. Caution. 📌And continue lateralizing with small increases in the alts with respect to BTC until we reach September. What do you think?
📌On the other hand. A drop in interest is expected for September. Therefore... that large injection of liquid will have enough power to sweep the upper pools and.... hold on to your seatbelts🚀🚀🚀
📢Don't trust this false upload. It can be generated to cushion the drop in sales that Mt Gox will make this week. 🔍Currently you have pools at 70k and another important one at 50k. It is very likely that you will play in that range for a long time until you exhaust yourself and get bored. ➡️
Cryptocurrencies news: Today Bitcoin is above $57,000. We see a slight rise in different assets. Such is the case of Bnb, which already exceeds 500 $ , and Xrp, which is rising above 0.44. #Bitcoin #Xrp🔥🔥 #binancesuquare #Altcoins👀🚀
📌The average of bitcoin purchases made in the first half is below $64,400. What strategy would be appropriate? 🔎Every time the price is below those levels, apply DCA. If you still don't know what DCA is... What are you waiting for to follow us?
Are you afraid of the fall this morning? Can the market fall a little more? 📌We leave you some important data so you can draw your own conclusions: 💰ETFs have averaged purchases between 56-56.5k in the first half of the year. They are data. Not opinions. 🚀✈️ #Bitcoin❗️ #Ethereum✅ #ETF #Web3