If you're hunting next 100x-200x altcoins this bull run then read this:
$Sol $Matic $Doge $Rune $LTC $NEAR $PEPE
• In last bull run few tokens gained me over 100x returns. But this cycle its hard for them to yield same returns.
• For example, MATIC's market cap is now $6.9. Even it have good fundamentals, doing 100x gains would require it to reach $690B market cap, which is very difficult.
• To find 100x altcoins focus on new tokens with strong narratives and low market caps for big returns. 🚀
1. BTC Perfectly retest our zone 62,800$ to 63,000$ but on the otherside we see Clearly Trendline Rejection of $BTC on $64,500. Bitcoin have to must breakout this trendline or daily closing upto $64,500 to $64,700. Then we will see $BTC upto $66,000 to $71,000.
2. If BTC do not breakout our trendline then we will see BTC on 54,700$ to 52,000$.
- As I mentioned yesterday, Bitcoin could tap the upper resistance of the trendline and go up to $66,000. Today, Bitcoin has perfectly hit the $66,000 resistance.
Furthermore, we can see $BTC going down to the $63,000 zone. It is also possible for a wick to touch $62,000 to grab liquidity.
Be sure to check my post from yesterday, where I provided "Long Entry" zones.
This is my analysis, but you should also conduct your own analysis.
-Retest Zone: $BTC has perfectly retested the $64,000 zone.- Trendline Observation: Considering the trendline, BTC might retest the upper trendline, which serves as resistance around the $66,000 zone.
● Potential Movements:-
1. Breakdown Scenario: If $BTC breaks down below $64,700, it could drop directly to $63,400.
2. Liquidity Grab: There's a possibility $BTC could wick down to $61, 000 to grab liquidity.
● Entry Strategies:
1. First Entry:
• Entry Point: Long entry at $63,400.
• Stop Loss: Set a proper stop loss at 1.5% to 2%.2.
2. Second Entry (if stop loss is hit):
• Entry Point: Long entry between $61,000 and $61,400.
• Stop Loss: Set a proper stop loss.
● Disclaimer: This analysis is based on personal observation. It's important to perform your own analysis before making any trading decisions.
BTC is playing with our hearts and indicating that it wants to go up to 58k to 59k.
But if I share my perspective, Bitcoin is giving us another very good opportunity to fill our bags with "Alt coins". My brothers and sisters, don't be afraid because "Victory lies beyond fear" 😅😅.
Load up your wallets 30% with "Alt coins". If BTC goes down further, we will load up more from the lower levels.
As you can see, Bitcoin has closed above our trendline at $63,384 and touched the trendline at $66,666. Furthermore, we can expect $BTC to reach $71,558, but before that, if $BTC corrects to the zone of "$63,000 to $62,600", then you should put in a long entry with proper "Risk Management" and a Stoploss, as per your plan.
As I mentioned before, we need the daily closing of $BTC to be above $64,500 in order for us to see $BTC rise to $68k to $70k. However, on May 6, 2024, $BTC made a wick of $65,500, liquidating shorters, and closed at $62,761.
It's a risky entry, but if you want to take a long entry, you can buy from $60,500 to $61,000 with a minimum stop loss of "1.5% to 2%" and set a profit target of $66k to $70k, but "DYOR" is necessary. (Do Your Own Research).
• Bitcoin price fell nearly 5% from the intraday high of $64,734 after the market participants shrug off spot Bitcoin and Ether ETFs launch in Hong Kong. The selloff momentum took BTC price even lower than yesterday’s price due to high leverages in anticipation of a relief rally. However, the crypto ETFs debut in Hong Kong was disappointing for the market.
• Moreover, the U.S. Spot Bitcoin ETFs have recorded the fourth consecutive day of outflow with over $51 million drained out. The crypto investment products registered three consecutive weeks of outflows, with the largest outflow of $435 million in recent weeks.
• Bitcoin Price Slips After Disappointing Hong Kong ETFs Debut.
• Six spot Bitcoin and Ethereum ETFs in Hong Kong recorded only $12 million in trading volume on day 1, which is 383 times lower than U.S. Bitcoin ETFs debut.
• Immediately after the tepid volume day on ETFs, traders started shorting Bitcoin price. Coinglass reported the shorting of Bitcoin positions, causing BTC price to drop suddenly to a low of $61,451. This triggered a wider selloff in the crypto market and investors lost nearly $150 billion as the crypto market cap dropped to $2.24 trillion.
#BTC🔥🔥🔥🔥🔥🔥 is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.