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ALL ABOUT $ARB, HOLDERS PAY ATTENTION####
đ„đ„đ„đ„đ„
đ€Currently, I see that Vietnamese people are using many harsh words for the Layer2 group in general, including Arbitrum.
As a holder $ARB , I decided to write a small analysis, based on my own perspective and experience. Partly to add confidence to those on the same boat, partly to see if there are any experts in the Arbitrum system who can provide everyone with interesting insights.
*Date of article: August 6, 2024
đ€Currently, I see that Vietnamese people are using many harsh words for the Layer2 group in general, including Arbitrum.
As a holder $ARB , I decided to write a small analysis, based on my own perspective and experience. Partly to add confidence to those on the same boat, partly to see if there are any experts in the Arbitrum system who can provide everyone with interesting insights.
*Date of article: August 6, 2024
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đ„Those who are afraid, go home đ„¶đ„¶đ„¶
But now that I'm out of the dyke, I don't know where to go... đ
Team Cafebit still bought some more altcoins like the plan shared with everyone, most recently $ALT (buying range: about 0.06x - 0.01u).
As for Bitcoin, the price has now dropped to the EMA 400 of the 1D frame, an important support in the long-term frame. However, this time I pay more attention to BTCDOM.
đIn previous posts, my view is that altcoins can only grow when BTCDOM increases high enough, above 60%, or even 65%.
Many people think that $BTC BTC will drop deeply, causing DOM to increase sharply, but I don't think so. DOM increases the most not when the market dumps, but when Bitcoin increases hotly, leading all trends and creating fomo. In previous cycles, DOM often peaked when BTC increased beyond its old peak.
đȘEnough of this rambling, let's go back to "work to earn" to earn DCA money. Stay away from margin futures this time, guys. When Mr. Bit makes 1W candles like that, his account will automatically burn out. In the past 24 hours, nearly 800 million USD has been liquidated đ„đ„
#cafebit #AltLayer
But now that I'm out of the dyke, I don't know where to go... đ
Team Cafebit still bought some more altcoins like the plan shared with everyone, most recently $ALT (buying range: about 0.06x - 0.01u).
As for Bitcoin, the price has now dropped to the EMA 400 of the 1D frame, an important support in the long-term frame. However, this time I pay more attention to BTCDOM.
đIn previous posts, my view is that altcoins can only grow when BTCDOM increases high enough, above 60%, or even 65%.
Many people think that $BTC BTC will drop deeply, causing DOM to increase sharply, but I don't think so. DOM increases the most not when the market dumps, but when Bitcoin increases hotly, leading all trends and creating fomo. In previous cycles, DOM often peaked when BTC increased beyond its old peak.
đȘEnough of this rambling, let's go back to "work to earn" to earn DCA money. Stay away from margin futures this time, guys. When Mr. Bit makes 1W candles like that, his account will automatically burn out. In the past 24 hours, nearly 800 million USD has been liquidated đ„đ„
#cafebit #AltLayer
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The day before, the DOGS developer said that the listing information and some important news will be announced tomorrow, August 14.
đToday, there is a photo of the DEX BLUM mini-app on Tele introducing the DOGS/USDT trading pair.
If DOGS is priced at 0.3x USD as in the photo below, many Vietnamese people will buy houses and cars đ đ đ . But I think it is very difficult for the DOGS price to be that high, because the OTC price is also around 0.005 USD.
đ€On average, each account, if inviting 5 friends + checking in regularly, will receive 50,000 DOGS, if the price drops to 0.002 USD, will receive a total of 100 USD, which is also warm.
Remember, 100 USD now can also be equal to 1,000 USD when the trend is up. Bottom position is very important, so don't underestimate these small coins!
#cafebit #DOGS #Airdrops
đToday, there is a photo of the DEX BLUM mini-app on Tele introducing the DOGS/USDT trading pair.
If DOGS is priced at 0.3x USD as in the photo below, many Vietnamese people will buy houses and cars đ đ đ . But I think it is very difficult for the DOGS price to be that high, because the OTC price is also around 0.005 USD.
đ€On average, each account, if inviting 5 friends + checking in regularly, will receive 50,000 DOGS, if the price drops to 0.002 USD, will receive a total of 100 USD, which is also warm.
Remember, 100 USD now can also be equal to 1,000 USD when the trend is up. Bottom position is very important, so don't underestimate these small coins!
#cafebit #DOGS #Airdrops
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đ„MISTAKES ABOUT HOW TO DRAW TRENDLINES! đ€
Just now in the group, I saw everyone arguing about how to draw trendlines correctly!
đOne side is used to drawing trendlines with a thick line, going through the candle bodies, and not counting the candle wicks. This group believes that the price levels at the candle wicks show weak liquidity in the buying and selling zone, so they are not counted in the trendline.
đOne side draws trendlines with a very thin line, going through the peaks of the candle wicks. I know these guys often draw trends like this to scalp with limit orders.
-----
đ€However, in my opinion, neither of the above methods is wrong. Technical analysis (PTKT) does not have a holy grail, and there is no 100% standard to follow, only those who trade profitably are right. So arguing is quite unreasonable!
đIn essence, trendlines or resistance and support levels are just PSYCHOLOGICAL THRESHOLDS of price >>> At that position, the crowd will tend to sell more, or buy more.
And since it is a psychological threshold, there certainly cannot be a standard price for you to draw the trendline accurately. Remember, resistance or support is an AREA, not a POINT! đđ
How do you usually draw trendlines? Just comment for everyone to refer to!
#cafebit #trendline #bitcoin
Just now in the group, I saw everyone arguing about how to draw trendlines correctly!
đOne side is used to drawing trendlines with a thick line, going through the candle bodies, and not counting the candle wicks. This group believes that the price levels at the candle wicks show weak liquidity in the buying and selling zone, so they are not counted in the trendline.
đOne side draws trendlines with a very thin line, going through the peaks of the candle wicks. I know these guys often draw trends like this to scalp with limit orders.
-----
đ€However, in my opinion, neither of the above methods is wrong. Technical analysis (PTKT) does not have a holy grail, and there is no 100% standard to follow, only those who trade profitably are right. So arguing is quite unreasonable!
đIn essence, trendlines or resistance and support levels are just PSYCHOLOGICAL THRESHOLDS of price >>> At that position, the crowd will tend to sell more, or buy more.
And since it is a psychological threshold, there certainly cannot be a standard price for you to draw the trendline accurately. Remember, resistance or support is an AREA, not a POINT! đđ
How do you usually draw trendlines? Just comment for everyone to refer to!
#cafebit #trendline #bitcoin
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YOU USED TO GET 5 FREE BTC BY CHECK-IN LIKE DOGS ^ ^
đ„đ„đ„đ„đ„
This is real, because BTC was originally invented by Satoshi Nakamoto, and was only traded in a very small community of technology engineers.
đ€However, geniuses quickly realized that if they continued to be so conservative, Bitcoin would quickly die like many other decentralized currencies (in fact, BTC was not the first digital currency on the Internet).
đTherefore, they have found ways to make BTC more accessible to the community, including a plan to encourage people to do tasks to receive coins =>> The ancestor of the airdrop programs that people often plow today đ đ
This is real, because BTC was originally invented by Satoshi Nakamoto, and was only traded in a very small community of technology engineers.
đ€However, geniuses quickly realized that if they continued to be so conservative, Bitcoin would quickly die like many other decentralized currencies (in fact, BTC was not the first digital currency on the Internet).
đTherefore, they have found ways to make BTC more accessible to the community, including a plan to encourage people to do tasks to receive coins =>> The ancestor of the airdrop programs that people often plow today đ đ
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đ„đ„ALTCOIN SEASON IS COMING SOON?? đ„șđ„șđđ
CafeBit may lack something, but it will never lack HOPIUM for Vietnamese people!
đThis comment comes from Ki Young Ju, CEO of CryptoQuant, a famous onchain data statistics platform. On social network đȘ
The original words of Mr. Ju are as follows:
âMy indicator shows that the sharks are preparing for a new altcoin bull run. The volume of âlimit buyâ orders for altcoins (excluding $ETH ) is increasing. In other words, a strong altcoin buy wall is being established.â
-------
Of course, Mr. Ju's post faced opposition from many people with a bearish mindset, but CEO CryptoQuant further explained his indicator as follows:
đOn exchanges, MARKET buy orders will create 'Taker Volume' (Taker Volume), while limit oder orders will create 'Quote Volume' (Quote Volume).
đWith sharks and MM, they often use limit orders to avoid price slippage.
đThis indicator is calculated by taking the cumulative total difference between buy and sell orders of 'Quote Volume' in 1 year. If this index increases, it means the buy wall for altcoins increases and we can expect an altcoin season to occur. đ
đ€Anyone who follows CafeBit long enough will know that they can be bearish in the short term, but always bullish in the long term. Currently, I still accumulate more altcoins every time the market is on fire. đ Which altcoins are you collecting? Please comment below to see if you're in the same boat! Be strong guys đȘđȘđȘ
#cafebit #altcoinseason #altcoin2025
CafeBit may lack something, but it will never lack HOPIUM for Vietnamese people!
đThis comment comes from Ki Young Ju, CEO of CryptoQuant, a famous onchain data statistics platform. On social network đȘ
The original words of Mr. Ju are as follows:
âMy indicator shows that the sharks are preparing for a new altcoin bull run. The volume of âlimit buyâ orders for altcoins (excluding $ETH ) is increasing. In other words, a strong altcoin buy wall is being established.â
-------
Of course, Mr. Ju's post faced opposition from many people with a bearish mindset, but CEO CryptoQuant further explained his indicator as follows:
đOn exchanges, MARKET buy orders will create 'Taker Volume' (Taker Volume), while limit oder orders will create 'Quote Volume' (Quote Volume).
đWith sharks and MM, they often use limit orders to avoid price slippage.
đThis indicator is calculated by taking the cumulative total difference between buy and sell orders of 'Quote Volume' in 1 year. If this index increases, it means the buy wall for altcoins increases and we can expect an altcoin season to occur. đ
đ€Anyone who follows CafeBit long enough will know that they can be bearish in the short term, but always bullish in the long term. Currently, I still accumulate more altcoins every time the market is on fire. đ Which altcoins are you collecting? Please comment below to see if you're in the same boat! Be strong guys đȘđȘđȘ
#cafebit #altcoinseason #altcoin2025
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I'M CONSIDERING BUYING MORE $W (WORMHOLE) ###
đ„đ„đ„đ„đ„đ„đ„
***Recalling the previous post about the $W (WormHole) purchase plan***
The price of $W has dropped 90% from the peak and is a product that makes many Vietnamese people lose money. Going around the brand groups, I only hear curses and no compliments! đ
đHowever, my point of view is always not to hate any project too much, and not to love any project blindly. We are investors, as long as there is a prospect of profit, we should not ignore it!
***Recalling the previous post about the $W (WormHole) purchase plan***
The price of $W has dropped 90% from the peak and is a product that makes many Vietnamese people lose money. Going around the brand groups, I only hear curses and no compliments! đ
đHowever, my point of view is always not to hate any project too much, and not to love any project blindly. We are investors, as long as there is a prospect of profit, we should not ignore it!
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đ„BE CAREFUL OF THE TRIANGLE OF $NOT !
This is important so I'll repeat it for the n+1st time for everyone to remember.
đUsually, F0 brothers who are new to technical analysis and trading will like to play triangle patterns like NOT. The lower edge forms a support zone and the upper edge is diagonal resistance, the price goes to the end of the triangle and then suddenly breaks up, you place a stoploss at the lower edge.
đ€However, this is just a suggestion for F0 brothers or brothers who are new to technical analysis, in fact, experienced traders all understand that the pump and dump ratio of this type of triangle pattern is 50/50. There are many cases where the price is compressed at the end of the triangle and then creates a red column to find a new bottom. If you don't believe it, you can check the ETHFI chart when the price broke through the $3 zone in early July, it's similar!
-----------
Back to $NOT , I think the possibility of breaking through the 0.009x$ zone is quite high. The price has tested this zone for the 3rd time, and the more tests, the higher the risk of dumping. (See the picture below).
In addition, NOT is also being negatively affected by news about the owner of Tele Durov, causing yesterday's 1D candle to become a red candle with a thick body, quite ugly, combined with a strong increase in volume => Showing quite obvious selling pressure.
(Actually, NOT cannot be blamed, even TON, the main coin of the system, has dumped more than 20% in the past few days).
đMy final minus point with NOT is the valuation, I think the current capitalization of 1 billion USD is quite high for a memecoin, even though this is a top project of the TON ecosystem.
đ„In short, altcoins show signs of a slight pump, but be careful with NOT. Personally, I will participate if NOT has a capitalization of less than $500M. Currently, the memecoin group I am holding includes BOME, MEME and SATS.As for PEOPLE, I have sold out, please refer to it!
#cafebit #notcoin
This is important so I'll repeat it for the n+1st time for everyone to remember.
đUsually, F0 brothers who are new to technical analysis and trading will like to play triangle patterns like NOT. The lower edge forms a support zone and the upper edge is diagonal resistance, the price goes to the end of the triangle and then suddenly breaks up, you place a stoploss at the lower edge.
đ€However, this is just a suggestion for F0 brothers or brothers who are new to technical analysis, in fact, experienced traders all understand that the pump and dump ratio of this type of triangle pattern is 50/50. There are many cases where the price is compressed at the end of the triangle and then creates a red column to find a new bottom. If you don't believe it, you can check the ETHFI chart when the price broke through the $3 zone in early July, it's similar!
-----------
Back to $NOT , I think the possibility of breaking through the 0.009x$ zone is quite high. The price has tested this zone for the 3rd time, and the more tests, the higher the risk of dumping. (See the picture below).
In addition, NOT is also being negatively affected by news about the owner of Tele Durov, causing yesterday's 1D candle to become a red candle with a thick body, quite ugly, combined with a strong increase in volume => Showing quite obvious selling pressure.
(Actually, NOT cannot be blamed, even TON, the main coin of the system, has dumped more than 20% in the past few days).
đMy final minus point with NOT is the valuation, I think the current capitalization of 1 billion USD is quite high for a memecoin, even though this is a top project of the TON ecosystem.
đ„In short, altcoins show signs of a slight pump, but be careful with NOT. Personally, I will participate if NOT has a capitalization of less than $500M. Currently, the memecoin group I am holding includes BOME, MEME and SATS.As for PEOPLE, I have sold out, please refer to it!
#cafebit #notcoin
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IS THE LAST FUD AN OPPORTUNITY FOR YOU TO COLLECT $TON?
đ„đ„đ„đ„đ„
In mid-August, I had an explanation about the reason for collecting $TON (you can see more táșĄi ÄĂąy!). đ
There are many reasons why I appreciate TON, but the key is still the project's position associated with Tele, an application with nearly 1 billion global users, along with the excitement of the TON system since the beginning of 2024. đ I think MM will continue to push the price after yesterday's FUD about founder Pavel Durov, and the opportunity for those who still have USDT may be coming soon.
In mid-August, I had an explanation about the reason for collecting $TON (you can see more táșĄi ÄĂąy!). đ
There are many reasons why I appreciate TON, but the key is still the project's position associated with Tele, an application with nearly 1 billion global users, along with the excitement of the TON system since the beginning of 2024. đ I think MM will continue to push the price after yesterday's FUD about founder Pavel Durov, and the opportunity for those who still have USDT may be coming soon.
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đ„đ„SHARE A VERY GOOD TRICK FOR LONG SHORTS TO WATCH FOR LONG WAVES! đȘ
Why did I view the dump waves of some altcoins quite accurately last time, but still didn't call you guys to enter BIG SHORT or SHORT with large leverage? But only trimmed a few small orders and always set stoploss? đ€
đSimply because I think this is not the time when the market can fall fiercely anymore, so you guys should wait to buy spot gradually, instead of trying to live and die with SHORT orders to make a living like in the downtrend season.
>>>>> This decision of mine comes from the BTCUSDSHORTS indicator (you guys can search this whole phrase on Trading-v-i-e-w to follow the chart more closely).
đ„The nature of the BTCUSDSHORTS indicator (image below) is the synthesis of the size of SHORTS orders on the Bit-fi-nex exchange. Although not as large as Binance, this exchange still has a long history and attracts many sharks to participate in trading. Therefore, many veteran traders often monitor the index on this exchange to forecast the market.
During the downtrend period of 2021 - 2022, the BTCUSDSHORTS index warned correctly many times, if I remember correctly, there were 5 - 6 consecutive times it skyrocketed before strong dumps, including 2 dumps caused by the LUNA crisis and the FTX event.
On the contrary, since the beginning of 2023, Bitcoin has continuously grown in the large frame 1W - 1M, although the small frame 1D has many adjustments, the BTCUSDSHORTS index still does not increase as dramatically as before.
đ This shows that the sharks up there are no longer interested in BIG SHORT orders.
And up to now, this index has not increased, even though the community is afraid that Bitcoin will dump to 4x, 3x or even downtrend.
In short, if you don't believe it, you can check it yourself for more reference! đ
#cafebit #Write2Win #hotTrends
Why did I view the dump waves of some altcoins quite accurately last time, but still didn't call you guys to enter BIG SHORT or SHORT with large leverage? But only trimmed a few small orders and always set stoploss? đ€
đSimply because I think this is not the time when the market can fall fiercely anymore, so you guys should wait to buy spot gradually, instead of trying to live and die with SHORT orders to make a living like in the downtrend season.
>>>>> This decision of mine comes from the BTCUSDSHORTS indicator (you guys can search this whole phrase on Trading-v-i-e-w to follow the chart more closely).
đ„The nature of the BTCUSDSHORTS indicator (image below) is the synthesis of the size of SHORTS orders on the Bit-fi-nex exchange. Although not as large as Binance, this exchange still has a long history and attracts many sharks to participate in trading. Therefore, many veteran traders often monitor the index on this exchange to forecast the market.
During the downtrend period of 2021 - 2022, the BTCUSDSHORTS index warned correctly many times, if I remember correctly, there were 5 - 6 consecutive times it skyrocketed before strong dumps, including 2 dumps caused by the LUNA crisis and the FTX event.
On the contrary, since the beginning of 2023, Bitcoin has continuously grown in the large frame 1W - 1M, although the small frame 1D has many adjustments, the BTCUSDSHORTS index still does not increase as dramatically as before.
đ This shows that the sharks up there are no longer interested in BIG SHORT orders.
And up to now, this index has not increased, even though the community is afraid that Bitcoin will dump to 4x, 3x or even downtrend.
In short, if you don't believe it, you can check it yourself for more reference! đ
#cafebit #Write2Win #hotTrends
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MY VIEW PRICE $BNB IS ABOUT $1,200 đ€
You asked me to see the BNB view.
đIn fact, there is nothing to see about BNB. I mentioned all the important keys in the previous post (See the attached post).
You just need to remember: IF YOU MISS THE TOP IN THE PREVIOUS SEASON, BNB WILL BE THE FASTEST WAY TO RETURN TO THE SHORE! Many BNB holders even return to the shore earlier than Bitcoin holders thanks to the launchpool!
In the long term, I think that if Binance is strong, the BSC system will be strong, and if BSC is strong, BNB will definitely be strong. It is currently very difficult for Binance to lose its position as the top 1 CEX exchange. Statistics over the past 24 hours show that Binance's trading volume is 15 billion USD, while Coin-base only reached 1.7 billion and O-K-X is 2 billion USD => The difference is too big. đ
đ„IN SHORT, I'm not sure about the next cycle, but this cycle Binance and BNB are still the top forces in the market.
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Regarding how to track BNB price, you should set up 4 EMA lines 34, 89, 200 and 400.
đ€In the 1W frame, BNB price shows a lot of "respect" for these EMA levels (picture below).
For example, since the beginning of July, BNB has touched EMA 34 (blue) many times and immediately bounced back. In the strong dump in August, the 1W candle also touched the EMA 89 (red) and strongly retracted its wick to the high price zone.
So, anyone who wants to collect more BNB or trade long or short, just follow those EMA lines to place orders. The corresponding price levels are 500 - 420 and 350$. In particular, 350$ is a very strong support level according to the horizontal trendline (as shown).
---------------
đ”In the long term, I expect the BNB/BTC exchange rate to return to 0.012. That means, as long as BTC grows to 100,000 USD, you can completely see BNB surpass the old peak and reach the price of 0.012 x 100.000 = 1.2000 USD (about x3 x4 times the current price).đȘ
#cafebit #BNBâŹ
You asked me to see the BNB view.
đIn fact, there is nothing to see about BNB. I mentioned all the important keys in the previous post (See the attached post).
You just need to remember: IF YOU MISS THE TOP IN THE PREVIOUS SEASON, BNB WILL BE THE FASTEST WAY TO RETURN TO THE SHORE! Many BNB holders even return to the shore earlier than Bitcoin holders thanks to the launchpool!
In the long term, I think that if Binance is strong, the BSC system will be strong, and if BSC is strong, BNB will definitely be strong. It is currently very difficult for Binance to lose its position as the top 1 CEX exchange. Statistics over the past 24 hours show that Binance's trading volume is 15 billion USD, while Coin-base only reached 1.7 billion and O-K-X is 2 billion USD => The difference is too big. đ
đ„IN SHORT, I'm not sure about the next cycle, but this cycle Binance and BNB are still the top forces in the market.
-------
Regarding how to track BNB price, you should set up 4 EMA lines 34, 89, 200 and 400.
đ€In the 1W frame, BNB price shows a lot of "respect" for these EMA levels (picture below).
For example, since the beginning of July, BNB has touched EMA 34 (blue) many times and immediately bounced back. In the strong dump in August, the 1W candle also touched the EMA 89 (red) and strongly retracted its wick to the high price zone.
So, anyone who wants to collect more BNB or trade long or short, just follow those EMA lines to place orders. The corresponding price levels are 500 - 420 and 350$. In particular, 350$ is a very strong support level according to the horizontal trendline (as shown).
---------------
đ”In the long term, I expect the BNB/BTC exchange rate to return to 0.012. That means, as long as BTC grows to 100,000 USD, you can completely see BNB surpass the old peak and reach the price of 0.012 x 100.000 = 1.2000 USD (about x3 x4 times the current price).đȘ
#cafebit #BNBâŹ
đ„IF YOU MISS THE PEAK OF THE PREVIOUS SEASON, WHICH ALTCOIN IS EASIEST TO RETURN TO THE SHORE? đ€đ€
Many Vietnamese people left at the peak of BTC $ 69k in November 2021. Those who missed margin will burn 100%, and those who held spot will have their accounts broken. However, there are still exceptions for those who choose the right civilization, especially $BNB .
đThis is the case of an 8x guy, an acquaintance of mine. At the end of 2021, he joined gamefi and NFT, and at that time, the BSC system was as strong as a dragon and a tiger, more bustling than SOL, TON now.
The game trend declined, he only kept BNB in ââhis wallet, and continued to trade the shitcoin DEX floor or BSC meme. The goal is to profit from the amount of BNB, and DO NOT CARE about the exchange rate according to USDT or BTC. (Of course, there are separate tools and bots to check cash flow, along with wallet checking tricks, but mostly those who try to catch thieves on DEX with their bare hands will fail, those who have participated for a long time will understand).
đ€As a result, during the fierce downtrend period of 2022 - 2023, the BNB/USDT exchange rate only decreased by about 50% (ie divided by 2), while most other altcoins divided by 10 or several dozen times.
In particular, the BNB/BTC exchange rate also increased in reverse and peaked at the end of 2022, meaning that those who bought BNB will gain more BTC in quantity. This is something that most of the community did not expect, even the most experienced people! đ đ đ
đBy the 2023 - 2024 period, BNB will continue to increase rapidly and return to the peak at $700. Those who hit the BNB peak will not only return to shore but also earn a lot of airdrop tokens in the launchpool and Megadrop Binance events.
=> In short, for holders of $BNB , the crypto winter of the past few years has not been cold at all. They returned to shore too easily, and are still comfortably holding coins in the hope of receiving airdrops from future projects.đđ
Unfortunately, I'm not a BNB holder...!đ
#cafebit #BNBâŹ
Many Vietnamese people left at the peak of BTC $ 69k in November 2021. Those who missed margin will burn 100%, and those who held spot will have their accounts broken. However, there are still exceptions for those who choose the right civilization, especially $BNB .
đThis is the case of an 8x guy, an acquaintance of mine. At the end of 2021, he joined gamefi and NFT, and at that time, the BSC system was as strong as a dragon and a tiger, more bustling than SOL, TON now.
The game trend declined, he only kept BNB in ââhis wallet, and continued to trade the shitcoin DEX floor or BSC meme. The goal is to profit from the amount of BNB, and DO NOT CARE about the exchange rate according to USDT or BTC. (Of course, there are separate tools and bots to check cash flow, along with wallet checking tricks, but mostly those who try to catch thieves on DEX with their bare hands will fail, those who have participated for a long time will understand).
đ€As a result, during the fierce downtrend period of 2022 - 2023, the BNB/USDT exchange rate only decreased by about 50% (ie divided by 2), while most other altcoins divided by 10 or several dozen times.
In particular, the BNB/BTC exchange rate also increased in reverse and peaked at the end of 2022, meaning that those who bought BNB will gain more BTC in quantity. This is something that most of the community did not expect, even the most experienced people! đ đ đ
đBy the 2023 - 2024 period, BNB will continue to increase rapidly and return to the peak at $700. Those who hit the BNB peak will not only return to shore but also earn a lot of airdrop tokens in the launchpool and Megadrop Binance events.
=> In short, for holders of $BNB , the crypto winter of the past few years has not been cold at all. They returned to shore too easily, and are still comfortably holding coins in the hope of receiving airdrops from future projects.đđ
Unfortunately, I'm not a BNB holder...!đ
#cafebit #BNBâŹ
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đ„đ„Price $ETH has dumped about 10% after my warning yesterday afternoon. (read the SHORT-TERM analysis in the attached article).
đ€I know that many of you are angry with my reduced view on ETH. This is understandable because, maybe everyone is long margin, or holding spot from before and is suffering losses.
đHowever, I want to emphasize that this is only a short-term view. In the long term, I have never lost faith in Ethereum, despite a series of other Layer1, Layer2 projects being born every month and labeling themselves as "ETH killer". đ đ đ
-------
Regarding the statistics, the gas fee on the Ethereum system is currently very cheap. The reason may come from the gloom of the market; hot airdrop programs have temporarily subsided; competition from low-cost Layer2s like ARB, OP... Therefore, you can take advantage of this opportunity to buy NFTs, plow gamefi, do tasks to earn tokens with the expectation of price increases in the future.
đDon't wait until the market is bustling, the gas fee on Ethereum is pumped up to a few dozen, a few hundred USD per transaction, then it's no longer your opportunity. đ
đ”IN SHORT, $ETH will be 8,600 USD when $BTC 100,000 USD, you guys try to work to earn DCA money. When I close the profit, I will have a post to celebrate with you guys later đȘđȘ
#cafebit #Ethereum
đ€I know that many of you are angry with my reduced view on ETH. This is understandable because, maybe everyone is long margin, or holding spot from before and is suffering losses.
đHowever, I want to emphasize that this is only a short-term view. In the long term, I have never lost faith in Ethereum, despite a series of other Layer1, Layer2 projects being born every month and labeling themselves as "ETH killer". đ đ đ
-------
Regarding the statistics, the gas fee on the Ethereum system is currently very cheap. The reason may come from the gloom of the market; hot airdrop programs have temporarily subsided; competition from low-cost Layer2s like ARB, OP... Therefore, you can take advantage of this opportunity to buy NFTs, plow gamefi, do tasks to earn tokens with the expectation of price increases in the future.
đDon't wait until the market is bustling, the gas fee on Ethereum is pumped up to a few dozen, a few hundred USD per transaction, then it's no longer your opportunity. đ
đ”IN SHORT, $ETH will be 8,600 USD when $BTC 100,000 USD, you guys try to work to earn DCA money. When I close the profit, I will have a post to celebrate with you guys later đȘđȘ
#cafebit #Ethereum
## $ETH PRICE PREDICTION AT THIS CYCLE PEAK ## ^ ^
đ„đ„đ„đ„đ„
A friend just asked me to analyze $ETH , because he just allin his assets here.đ„¶
Normally, I always encourage you to divide your capital into 3 baskets including BTC, ETH and Alt. But in case you have decided to go all-in on a single coin like this, I hope you can stick to your choice.
đHere is my personal assessment and prediction of ETH, please read carefully!
A friend just asked me to analyze $ETH , because he just allin his assets here.đ„¶
Normally, I always encourage you to divide your capital into 3 baskets including BTC, ETH and Alt. But in case you have decided to go all-in on a single coin like this, I hope you can stick to your choice.
đHere is my personal assessment and prediction of ETH, please read carefully!
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REVEALING THE REAL REASON WHY TELE BOSS WAS ARREST **
đ„đ„đ„đ„đ„
The market is gloomy again, no one wants to trade anything, so we just talk about world affairs! đ đ
đI feel that Pavel Durov's thinking is very similar to Bitcoin's father Satoshi Nakamoto.
He wants to build a decentralized, completely free social networking platform, not controlled by governments around the world. Does it sound familiar? The philosophy of blockchain, right?
The market is gloomy again, no one wants to trade anything, so we just talk about world affairs! đ đ
đI feel that Pavel Durov's thinking is very similar to Bitcoin's father Satoshi Nakamoto.
He wants to build a decentralized, completely free social networking platform, not controlled by governments around the world. Does it sound familiar? The philosophy of blockchain, right?
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đ„đ„Bitcoin chart since 2010, all peaks have 1 thing in common.
>>> NO NEED TO KNOW how long the downtrend, sideways period lasts, but once the bull-run starts, it only takes 8-9 weeks for Bitcoin to peak. đđđ
2011: 8 weeks peak - 3555% increase
2012: 8 weeks peak - 1,000% increase
2017: 9 weeks peak - 300% increase
2021: 9 weeks peak - 200%.
đOf course, in those short 8-9 weeks, the crowd will still be skeptical, no one will join the line but will still look at each other in amazement. Then when MM closes their profits, they rush in to buy regardless, to continue chasing the peak.
The little fish guys now either run out of money or are skeptical and don't dare to buy more. Instead of reading more about the projects, you guys use your free time to argue, criticize and expose each other. đ đ
Okay, you guys keep arguing, I'll take advantage of DCA to continue, wealth is not for the majority!
#cafebit #Bitcoin #Write2Win
>>> NO NEED TO KNOW how long the downtrend, sideways period lasts, but once the bull-run starts, it only takes 8-9 weeks for Bitcoin to peak. đđđ
2011: 8 weeks peak - 3555% increase
2012: 8 weeks peak - 1,000% increase
2017: 9 weeks peak - 300% increase
2021: 9 weeks peak - 200%.
đOf course, in those short 8-9 weeks, the crowd will still be skeptical, no one will join the line but will still look at each other in amazement. Then when MM closes their profits, they rush in to buy regardless, to continue chasing the peak.
The little fish guys now either run out of money or are skeptical and don't dare to buy more. Instead of reading more about the projects, you guys use your free time to argue, criticize and expose each other. đ đ
Okay, you guys keep arguing, I'll take advantage of DCA to continue, wealth is not for the majority!
#cafebit #Bitcoin #Write2Win
What's so exciting about the new market increase? đ€đ€đ
Our view is always that $BTC will increase to the $80 - $100k range, bringing DOM to over 65% will be the altcoin season.
đSo why do we have to care so much about fluctuations below $80k? Let's focus on working to earn and making DCA money!
đ„đ„đ„If you have decided to hold x5 x10 or higher, you must practice observing large time frames, including 1D, 1W and 1M and stop checking 15p - 4H charts.
With a volatile market like crypto, those with a more comprehensive view will win. đ For example, in the PICTURE BELOW, BTC's 1M candle has a SINGLE candle, with a very positive super long-legged wick, showing Bitcoin's very strong recovery in August. However, with the 1D frame, it is a SET of dozens of small candles with high noise and price fluctuations to hunt for stoploss, kill margin.
đIn short, turn investing into a leisurely, stress-free job. If you invest all day and lose sleep, like walking on fire, you are on the wrong path.
To achieve this, you need to follow the following survival principles:
1. Good capital: If you don't borrow, there will be no pressure to pay interest. If you don't go all-in, there will be no worry of losing everything.
2. Separate between Trade and Hold: Newbies should divide 80% of their holding capital and 20% of their trading capital. Holding helps you get rich in the long run, while trading will help you monitor the market better, create reflexes and train your mentality.
3. Update knowledge: You are afraid of the market only because you do not understand it enough. You invest in groups without knowledge, when they are wrong, you will be wrong.Learn more so that when you lose, you know why you lost.
#cafebit #Bitcoin
Our view is always that $BTC will increase to the $80 - $100k range, bringing DOM to over 65% will be the altcoin season.
đSo why do we have to care so much about fluctuations below $80k? Let's focus on working to earn and making DCA money!
đ„đ„đ„If you have decided to hold x5 x10 or higher, you must practice observing large time frames, including 1D, 1W and 1M and stop checking 15p - 4H charts.
With a volatile market like crypto, those with a more comprehensive view will win. đ For example, in the PICTURE BELOW, BTC's 1M candle has a SINGLE candle, with a very positive super long-legged wick, showing Bitcoin's very strong recovery in August. However, with the 1D frame, it is a SET of dozens of small candles with high noise and price fluctuations to hunt for stoploss, kill margin.
đIn short, turn investing into a leisurely, stress-free job. If you invest all day and lose sleep, like walking on fire, you are on the wrong path.
To achieve this, you need to follow the following survival principles:
1. Good capital: If you don't borrow, there will be no pressure to pay interest. If you don't go all-in, there will be no worry of losing everything.
2. Separate between Trade and Hold: Newbies should divide 80% of their holding capital and 20% of their trading capital. Holding helps you get rich in the long run, while trading will help you monitor the market better, create reflexes and train your mentality.
3. Update knowledge: You are afraid of the market only because you do not understand it enough. You invest in groups without knowledge, when they are wrong, you will be wrong.Learn more so that when you lose, you know why you lost.
#cafebit #Bitcoin
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đ”UPDATE: PLAN TO BUY $WLD FOR YOU!
In the post about WLD on July 17, I said my old plan with WLD was to buy around 1 - 1.8u. Therefore, I could not collect 100% of the tokens in time when the price suddenly increased sharply from 1.8 to 3u.
At the same time, I warn you guys NOT to be FOMO at the price of 2.8u, but you need to WAIT for a decline to 2u (if any), because our motto is "GREEN FOR RED BUY", and absolutely do not chase long or short. Chase!
Currently, the price of WLD has dropped to 2.3u, about to reach the 2u purchase mark đ This is a reward for those who are patient! đȘEveryone, please prepare your USDT to start buying if you still want to pursue WLD!
-----
UPDATE ON DRAMA AROUND $WLD LAST 2 WEEKS:
đLast week, onchain detective ZachXBT, publicly criticized the WorldCoin team. ZachXBT even used the word âfraudâ when claiming that WorldCoin intentionally manipulated the price of WLD with insider trading.
Not only ZachXBT, a TK specializing in analyzing the DeFi market^2, also wrote a very detailed article about WorldCoin's price manipulation process.
đ€Specifically, before the third quarter of 2023, WordCoin allocated 100 million WLD tokens to MM for the purpose of selling to "stabilize" the price, preventing WLD from increasing too early. On December 16, 2023, the team decided to stop collaborating with MM, causing the price of WLD to skyrocket 100% in just a few hours. In the following months, WLD increased continuously from 2u to a peak of over 10u as everyone saw!
Worth mentioning, this manipulation is considered by experts to be too obvious, but at the Token2049 event held in Dubai, WorldCoin CEO still affirmed that WLD price is NOT controlled, all fluctuations depend on the law of supply and demand. đ !
In short, there's a lot of good news and a lot of bad news! Your job is to consider PROFIT/RISK and follow the plan!
#Worldcoin #cafebit #WLD
In the post about WLD on July 17, I said my old plan with WLD was to buy around 1 - 1.8u. Therefore, I could not collect 100% of the tokens in time when the price suddenly increased sharply from 1.8 to 3u.
At the same time, I warn you guys NOT to be FOMO at the price of 2.8u, but you need to WAIT for a decline to 2u (if any), because our motto is "GREEN FOR RED BUY", and absolutely do not chase long or short. Chase!
Currently, the price of WLD has dropped to 2.3u, about to reach the 2u purchase mark đ This is a reward for those who are patient! đȘEveryone, please prepare your USDT to start buying if you still want to pursue WLD!
-----
UPDATE ON DRAMA AROUND $WLD LAST 2 WEEKS:
đLast week, onchain detective ZachXBT, publicly criticized the WorldCoin team. ZachXBT even used the word âfraudâ when claiming that WorldCoin intentionally manipulated the price of WLD with insider trading.
Not only ZachXBT, a TK specializing in analyzing the DeFi market^2, also wrote a very detailed article about WorldCoin's price manipulation process.
đ€Specifically, before the third quarter of 2023, WordCoin allocated 100 million WLD tokens to MM for the purpose of selling to "stabilize" the price, preventing WLD from increasing too early. On December 16, 2023, the team decided to stop collaborating with MM, causing the price of WLD to skyrocket 100% in just a few hours. In the following months, WLD increased continuously from 2u to a peak of over 10u as everyone saw!
Worth mentioning, this manipulation is considered by experts to be too obvious, but at the Token2049 event held in Dubai, WorldCoin CEO still affirmed that WLD price is NOT controlled, all fluctuations depend on the law of supply and demand. đ !
In short, there's a lot of good news and a lot of bad news! Your job is to consider PROFIT/RISK and follow the plan!
#Worldcoin #cafebit #WLD
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đ„THE MARKET IS TOO CRUEL TO TRADERS! đ„șđ
Many altcoins just hit an all-time low today, then suddenly rebounded by 20-30%.
đThis is the reason I keep complaining that F0s and newbies should not rush into futures or margin because they are not familiar with the large fluctuations of crypto.
For example, the chart $ALT in the picture, if you short this afternoon, even if you use a small leverage of x3 x5, it will be enough to burn your entire account. As for me, I bought more spot at 0.08x and 0.07x USD.
đ€I also know quite a few people on the CK side who just tried to invest in coins at the beginning of the year. What shocked them at first was the volatility. Stocks only fluctuated a maximum of 7%, but with coins, there was absolutely no limit.
Some of you even commented in my post this morning that you had never seen Bitcoin drop so much in a day, but in fact, the BTC price today only dropped 15%, while altcoins dropped 30-35%, still not comparable to the black swan in March 2020, and the crash in May 2021, when BTC dropped over 30%, while altcoins split 3-5 times.
đđIn short, if you are F0, start with the smallest capital possible, experience gradually and gradually increase your capital.
You can go to many places to study, consult many groups, but only when you lose your own money, you will learn your lesson!
Because after all, you have to lose money to become wise, lose a small amount of money first! đđ #cafebit #AltLayer
Many altcoins just hit an all-time low today, then suddenly rebounded by 20-30%.
đThis is the reason I keep complaining that F0s and newbies should not rush into futures or margin because they are not familiar with the large fluctuations of crypto.
For example, the chart $ALT in the picture, if you short this afternoon, even if you use a small leverage of x3 x5, it will be enough to burn your entire account. As for me, I bought more spot at 0.08x and 0.07x USD.
đ€I also know quite a few people on the CK side who just tried to invest in coins at the beginning of the year. What shocked them at first was the volatility. Stocks only fluctuated a maximum of 7%, but with coins, there was absolutely no limit.
Some of you even commented in my post this morning that you had never seen Bitcoin drop so much in a day, but in fact, the BTC price today only dropped 15%, while altcoins dropped 30-35%, still not comparable to the black swan in March 2020, and the crash in May 2021, when BTC dropped over 30%, while altcoins split 3-5 times.
đđIn short, if you are F0, start with the smallest capital possible, experience gradually and gradually increase your capital.
You can go to many places to study, consult many groups, but only when you lose your own money, you will learn your lesson!
Because after all, you have to lose money to become wise, lose a small amount of money first! đđ #cafebit #AltLayer
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đ„ARE YOU STILL OBJECTING ON ME OR NOT? đđ
Below the photo is a list of projects that Binance has delisted in the past 3 months. Most of them were put on the "MONITORING" list before officially leaving the exchange.
đI have warned about MONITORING tokens in countless articles, but there are always people who comment that the Monitoring group is actually just tokens with high volatility, posing risks to traders, not projects that are having "problems" and facing the risk of delisting!
However, the reality shows that many delisted tokens belong to this group??? đđđ?
----
đ In short, Binance tried to warn, but people still rushed to buy with lottery expectations, then there is really nothing more to say. The altcoin market is increasingly diluted, holding projects with billion-dollar capitalizations are still divided up and down, why do you have to risk your portfolio with MONITORED tokens??
Currently, Binance has added a number of projects to the MONITORED list such as $SUN , IRIS, SNT, MBL, $BAL , $CVX ... Check again to see if you are holding any wrong tokens. If so, you should consider restructuring immediately!
#cafebit #Monitoring
Below the photo is a list of projects that Binance has delisted in the past 3 months. Most of them were put on the "MONITORING" list before officially leaving the exchange.
đI have warned about MONITORING tokens in countless articles, but there are always people who comment that the Monitoring group is actually just tokens with high volatility, posing risks to traders, not projects that are having "problems" and facing the risk of delisting!
However, the reality shows that many delisted tokens belong to this group??? đđđ?
----
đ In short, Binance tried to warn, but people still rushed to buy with lottery expectations, then there is really nothing more to say. The altcoin market is increasingly diluted, holding projects with billion-dollar capitalizations are still divided up and down, why do you have to risk your portfolio with MONITORED tokens??
Currently, Binance has added a number of projects to the MONITORED list such as $SUN , IRIS, SNT, MBL, $BAL , $CVX ... Check again to see if you are holding any wrong tokens. If so, you should consider restructuring immediately!
#cafebit #Monitoring
đ„đ„100TH WARNING ABOUT âMONITORINGâ TOKEN đ€Ź
Suddenly browsing Binance, I saw the $GFT item climbing to the top of the growth, clicked to see the chart and⊠oh my gosh đ
đThe first thing that caught my eye was the âMonitoringâ token warning from Mr. Hai CZ.
=>>>> It turns out that Gifto.ioâs $GFT has been put on the âMONITORINGâ list by Binance for a long time, but I donât know.
đ„Everyone, please take special note that the âMONITORINGâ group includes projects that Binance considers to be operating ineffectively, posing risks to investors, and at very high risk of being DELISTED.
Of course, the exchange will not say the specific reason why the project was blacklisted. But you all know that it must be "bad" for Binance to be forced to make such a decision.
đ€The truth is that many projects outside this group are also operating very sluggishly. Developers are no longer motivated to work, token charts are drifting with the wind, there are almost only trading bots. However, they have not been blacklisted yet. => Therefore, the group that has been "SUPERVISED" must have very, very... problems.
----
As for the hot increase of $GFT , I think the development team wants to liquidate the remaining goods in the last batch, before Binance makes a stronger decision. You guys absolutely should not fomo, buy these types of tokens.
With the same level of risk, you guys should join the 6:30 pm game to have a higher winning rate. đ€Ą
đAnyone who has ever been on the peak of the MONITORING token, or unexpectedly made a profit from this type of project, please comment below to let everyone know!
#cafebit #Monitoring
Suddenly browsing Binance, I saw the $GFT item climbing to the top of the growth, clicked to see the chart and⊠oh my gosh đ
đThe first thing that caught my eye was the âMonitoringâ token warning from Mr. Hai CZ.
=>>>> It turns out that Gifto.ioâs $GFT has been put on the âMONITORINGâ list by Binance for a long time, but I donât know.
đ„Everyone, please take special note that the âMONITORINGâ group includes projects that Binance considers to be operating ineffectively, posing risks to investors, and at very high risk of being DELISTED.
Of course, the exchange will not say the specific reason why the project was blacklisted. But you all know that it must be "bad" for Binance to be forced to make such a decision.
đ€The truth is that many projects outside this group are also operating very sluggishly. Developers are no longer motivated to work, token charts are drifting with the wind, there are almost only trading bots. However, they have not been blacklisted yet. => Therefore, the group that has been "SUPERVISED" must have very, very... problems.
----
As for the hot increase of $GFT , I think the development team wants to liquidate the remaining goods in the last batch, before Binance makes a stronger decision. You guys absolutely should not fomo, buy these types of tokens.
With the same level of risk, you guys should join the 6:30 pm game to have a higher winning rate. đ€Ą
đAnyone who has ever been on the peak of the MONITORING token, or unexpectedly made a profit from this type of project, please comment below to let everyone know!
#cafebit #Monitoring
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TOP 10 PROJECTS I ALWAYS... "TRUST" đ
đ
=>>>TOP 1: ZKJ
đ The chart breaks all the rules, MM is driving the chart according to the "my way - we go" model.
#ZKJ has long since been able to let go of all greed, anger, and ignorance, no longer preoccupied with the volatile market, just walking up the wrong path alone.
đIf the chart is very straight and thin like this, it would be a waste not to post it. Waiting for CZ to come back from camp to add some more music doesn't rule out the possibility of listing Binance.
 -----
Regarding Polyhedra, this is a Crosschain project that has raised 45 million USD with a valuation of 1 billion USD by many tier1 funds: Binance Labs, Polychain, Animoca. Current FDV is 1.3 billion USD.
đThe project seems to have sunk into oblivion after the dispute over the token name $ZK with rival zkSync. After accepting to cede the name to zkSync, the token changed its name to ZKJ
Looking at the current way, I really don't know what price to buy because it keeps increasing - sw - increasing - sw đđ
đ„NOTE:
What makes me not satisfied with ZKJ is the token unlock schedule. Currently, the project has only unlocked 15.3% of the total supply, and will continuously unlock an additional 1.55% of the total supply (equivalent to 15.5 million tokens) each month. Meaning, every day there will be more than 500k USD worth of tokens pumped into the market, pouring over everyone's heads đ€Ą
Above is a quick share about a project in my portal. Anyone who is swinging at the top of ZKJ, please comment below to find teammates!đ„ș
#ZKJ #cafebit #zkSync
=>>>TOP 1: ZKJ
đ The chart breaks all the rules, MM is driving the chart according to the "my way - we go" model.
#ZKJ has long since been able to let go of all greed, anger, and ignorance, no longer preoccupied with the volatile market, just walking up the wrong path alone.
đIf the chart is very straight and thin like this, it would be a waste not to post it. Waiting for CZ to come back from camp to add some more music doesn't rule out the possibility of listing Binance.
 -----
Regarding Polyhedra, this is a Crosschain project that has raised 45 million USD with a valuation of 1 billion USD by many tier1 funds: Binance Labs, Polychain, Animoca. Current FDV is 1.3 billion USD.
đThe project seems to have sunk into oblivion after the dispute over the token name $ZK with rival zkSync. After accepting to cede the name to zkSync, the token changed its name to ZKJ
Looking at the current way, I really don't know what price to buy because it keeps increasing - sw - increasing - sw đđ
đ„NOTE:
What makes me not satisfied with ZKJ is the token unlock schedule. Currently, the project has only unlocked 15.3% of the total supply, and will continuously unlock an additional 1.55% of the total supply (equivalent to 15.5 million tokens) each month. Meaning, every day there will be more than 500k USD worth of tokens pumped into the market, pouring over everyone's heads đ€Ą
Above is a quick share about a project in my portal. Anyone who is swinging at the top of ZKJ, please comment below to find teammates!đ„ș
#ZKJ #cafebit #zkSync
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đ„MUSK IS OUT OF AUTHORITY >>> SO SAD, GUYS! đđ
1 hour ago, Mr. Musk just had a s.h -i.L-l post straight to the face of $DOGE coins, you can see the photo below.
However, the price of DOGE has not changed much. Up to now,
DOGE's 1D candle has increased by less than 5%. đ€
đI think this is a very sad performance of DOGE, and it discourages holders as well as loyal fans.
-------
Surely many LONG SHORT brothers still remember, in the 2022 period, although the market was continuously downtrending, very few people dared to enter SHORT DOGE orders.
đ„The reason is that with just a slight reminder from MUSK, the price of $DOGE is ready to set up a column of 20 - 30% in a 15-minute candle, causing the SHORT to burn the account.
I myself was also liquidated an order because of SHORT DOGE right before Musk posted, so I understand the situation at that time very well đ
đBut up to now, DOGE seems to have lost this effect, no longer increasing rapidly according to Musk's words.
According to you, is this a positive or negative sign for $DOGE coin?
#cafebit #DogecoinâŹâ©
1 hour ago, Mr. Musk just had a s.h -i.L-l post straight to the face of $DOGE coins, you can see the photo below.
However, the price of DOGE has not changed much. Up to now,
DOGE's 1D candle has increased by less than 5%. đ€
đI think this is a very sad performance of DOGE, and it discourages holders as well as loyal fans.
-------
Surely many LONG SHORT brothers still remember, in the 2022 period, although the market was continuously downtrending, very few people dared to enter SHORT DOGE orders.
đ„The reason is that with just a slight reminder from MUSK, the price of $DOGE is ready to set up a column of 20 - 30% in a 15-minute candle, causing the SHORT to burn the account.
I myself was also liquidated an order because of SHORT DOGE right before Musk posted, so I understand the situation at that time very well đ
đBut up to now, DOGE seems to have lost this effect, no longer increasing rapidly according to Musk's words.
According to you, is this a positive or negative sign for $DOGE coin?
#cafebit #DogecoinâŹâ©
See original
$ETH just approached the CME GAP on the 1D chart, but the price immediately reacted negatively and dropped below $2,500.
đ€In my opinion, ETH will still fill this GAP first, then drop to the $2,000 area and continue to accumulate here for many months. đ During this period, there will be times when the price fakes dump below the $1,800 area to shake off small investors and individuals using financial leverage.
Looking at the ETH/BTC chart, the exchange rate of Ethereum compared to Bitcoin has dropped to its lowest level in more than 3 years (since April 2021).
In case ETH/BTC returns to the previous cycle peak, and Bitcoin hits $100,000, it is not difficult for the price of $ETH to reach the $8,000 - $10,000 range.
đ$ETH breaking the peak is inevitable, but will you guys be able to hold on until then? đđ
#cafebit #Ethereum
đ€In my opinion, ETH will still fill this GAP first, then drop to the $2,000 area and continue to accumulate here for many months. đ During this period, there will be times when the price fakes dump below the $1,800 area to shake off small investors and individuals using financial leverage.
Looking at the ETH/BTC chart, the exchange rate of Ethereum compared to Bitcoin has dropped to its lowest level in more than 3 years (since April 2021).
In case ETH/BTC returns to the previous cycle peak, and Bitcoin hits $100,000, it is not difficult for the price of $ETH to reach the $8,000 - $10,000 range.
đ$ETH breaking the peak is inevitable, but will you guys be able to hold on until then? đđ
#cafebit #Ethereum