Everyone is afraid that $BTC will drop sharply because the number of people buying $BTC at a profit is very high.
In addition, reading many Western experts on technical analysis, I also see them drawing prices towards 7x to fill the gap.
In fact, during a bull run, the story about the percentage of people holding $BTC at a profit is always high, so using it for general assessment is not convincing enough.
Many people holding altcoins partly FOMO into memecoins, while the rest still try to hold but want to optimize into $USDT just because they fear a strong drop in $BTC creating a bull trap.
I take the example of the $BTC Bullrun 2021:
- Around the 40k drop to 30k => $BTC dropped, DOM decreased, and most altcoins started to rise very strongly during that period. And at this time, the percentage of people holding $BTC at a profit was still extremely high.
So during this period, I think $BTC will still hover around 85-90k to correct before soon reaching 100k to allow market share for Altcoins.
At that time, everyone will only care about one thing, which is where to take profits and how much percentage to take.
As for the strong correction, I think there is still not enough FOMO and liquidity story for MM to push the price down deeply at this moment.
Everyone is afraid that $BTC will drop sharply because the number of people buying $BTC at a profit is very high.
In addition, reading many Western experts on technical analysis, I also see them drawing prices towards 7x to fill the gap.
In fact, during a bull run, the story about the percentage of people holding $BTC at a profit is always high, so using it for general assessment is not convincing enough.
Many people holding altcoins partly FOMO into memecoins, while the rest still try to hold but want to optimize into $USDT just because they fear a strong drop in $BTC creating a bull trap.
I take the example of the $BTC Bullrun 2021:
- Around the 40k drop to 30k => $BTC dropped, DOM decreased, and most altcoins started to rise very strongly during that period. And at this time, the percentage of people holding $BTC at a profit was still extremely high.
So during this period, I think $BTC will still hover around 85-90k to correct before soon reaching 100k to allow market share for Altcoins.
At that time, everyone will only care about one thing, which is where to take profits and how much percentage to take.
As for the strong correction, I think there is still not enough FOMO and liquidity story for MM to push the price down deeply at this moment.
💥 On the weekly chart, BTC continues to maintain strong upward momentum, showing that the uptrend is still holding. This reinforces the optimistic sentiment in the market, especially after the recent price increase. 💥 On the H4 frame, the price moved within a large amplitude during the weekend but was still firmly supported at the 88k area, showing that buying pressure was still strong enough to maintain the upward momentum. At the beginning of this morning's session, a new GAP was recorded on the CME floor in the price range of 90.3k - 91.6k. Therefore, it is highly likely that the price will continue to fluctuate sideways around this area to complete the GAP.
The market is green again and MEME > remaining Altcoin :))))
Some stocks I see are quite strong, can be added to Watchlist or accumulated!
- $NEIRO CTO is a $ETH Mc stock around $1B and will follow $PEPE. Especially, it is also in the dog line following Elon's $DOGE.
- $NEIRO ETH has listed Future Binance MC <100M with potential to run strong meme waves. Has DWF Lab MM.
-#BABYDOGEhas been mentioned by Elon since 2021, the cumulative chart has an amplitude of 200M-400M for 3 years. Has Wintermute as MM.
- $BANANA is a defi bot + Meme stock = > Cap ~ 200M. The first fruit meme stock, quite special. Always the top stock collected by SM.
- $GROK: Elon's AI meme stock that few people pay attention to. Potential to list Cex Tier1 90-99%.
- $TURBO, $ACT memes can also be used by AI. I prefer $TURBO but holding $GROK is enough.
- BRC20 memes are quite boring $ORDI, $SATS if you like, buy for the $BTC Eco wave.
- 1 Basket of Memecoins of the $TON system like $DOGS Hay game $CATI, $HMSTR,...
There are also some Ecosystem memes of $SOL like $PNUT, $WIF, $BOME, $BONK or BSC $FLOKI that have just been listed on Coinbase waiting for it to cool down, you can also refer to them.
This is enough for you to choose comfortably. As for dex, just go to vol moderately, allin without seeing any return date.
Why do most of you prefer to trade futures rather than spot?
There are many reasons for that but I think the two main reasons are capital and time.
1. Capital Most of the people entering this market want to be rich and get rich as quickly as possible. Everyone wants to x5, x10 their account soon... Using leverage is one of the ways to help this happen quickly.
2. Time Most of the psychology of brothers, especially Vietnamese people, like everything to have quick results, so future is the fastest.
WHAT WILL THE PSYCHOLOGY AND FEELINGS OF NEW JOINERS BE LIKE !!!
When participating in any investment field and experiencing something growing strongly, we often wish we had invested or bought that thing when few people paid attention and it was still at a low price.
For example, we also wished we had bought 1-2 pieces of land a few years ago, or the day everyone mentioned mutant orchids, we also wished we had played with orchids before...
Then in this current Crypto market, seeing#BTCat the price of 90k$, everyone wished to buy#BTCat the price below 50k$ or even 15k$ at the bottom of the new cycle at the end of 2022 2 years ago established at this exact time...
$SUI is still the same, still slowly moving forward to conquer new ATH zones!
$SUI has a new ATH of $3.6 and will continue to grow sustainably.
In the early days of its launch, despite the curses of SUI Scam everywhere, SUI Dev still worked hard and built SUI's internal strength with many great projects. The proof is that in this period, many SUI projects have been listed on exchanges and Cetus Dex SUi has been on Binance.
This season, the luckiest thing is to believe and hold SUI from the difficult days of SUI in 2023 and will continue to stick with SUI in the coming time.
Congratulations to the SUI holders because the SUI holding account is growing steadily
When we see other people's coins increase, we often get angry and gradually lose faith in the coin we are holding!
Which ultimately leads to 2 cases!
Wait for the other coin to drop and cut the coin you are holding onto to jump over and catch the bottom (even though catching the bottom on the other side of the slope is very dangerous)
Don't continue to accumulate the coin you are holding but jump to DCA, play the coin that is being fomo
---> Both of these cases eventually lead to a ruined account!
Winning or losing ultimately depends on how you play and how you allocate your capital!
Maybe the fomo brothers have heard stories of people eating hundreds of thousands of USD $FED $PNUT $ACT by buying a few dozen k!
👉 This part of the market does not follow your wishes so that everyone can make a profit, it has to do a few up and down movements to loosen up the hands before it can go straight.
👉 H4, H1 $BTC are showing signs of adjustment, so if it breaks through 85K, then start Shorting.
👉 If you want to go Long, you have to wait for it to break through 90K and then wait for the adjustment to buy up.
After a crazy increase that sent the short guys to the island, this time F0 will definitely jump over the meme peak.
In my opinion, the meme wave will not end but will continue until the market turns to a downtrend.
There is only one thing that Narratives meme will change continuously.
Sometimes there is a dog - squirrel - mouse - cat wave, then government meme, AI meme, every ecosystem meme,.... => if you don't chase a big enough meme coin but chase small retail items, you will almost reach the shore with 0.
Let me tell you that not all meme waves will reach the shore if they have a strong wave.
Everyone wants to have a beautiful and explosive altcoinss season!!!
Altcoin season is always something that all of us want and aim for, because we all mainly hold altcoins in our Port.
We have now seen that BTC has done a great job in attracting media attention as many news and event media have reported on Bitcoin surpassing the $90k mark in recent days.
Then, on top of that, Musk is actively shill writing a lot of articles related to memecoins and a lot of them are flying very strong, from old meme coins like Doge, to this season's trend leader.
HOW IMPORTANT IS PSYCHOLOGY IN THE FINANCIAL MARKET !!!
🤔 Very few people seriously think about this answer. 🚨 Psychology is very important in life, not just in Crypto. Buddha also taught: "Heaven comes from the mind, hell comes from the mind". Psychology is everything we feel about life. Happiness comes from it, suffering comes from it, lack or fullness comes from it. Any Trader, too, experiences almost all emotional frames. The psychology of excitement and joy when continuously winning trades, sadness and depression when suffering losses, getting SL, panic, fear when just burning the account and owing people a large amount of money.
This season memecoin variables are too terrible! Is x5-x10 easy or not?
Or
Cap >1B then next will be
and
. Binance's recent trend of continuously listing memes can also see that technology coins will be under pressure, otherwise updates will fall behind and Delist in the future.
After the cases $NEIRO , $PNUT , ACT, I think the next one is:
- Maybe Binance will list small MC coins soon and push x10-20-50 times.
- Listing 0 dong and of course Binance will be the MM for that project.So some risks will happen with Techcoin high valuation will have low ROI and very high risk of loss.
The Sol meme is so crazy, every month a few memes are on Binance like this, it will become a meme exchange
Top coins like $WIF and $BONK lead with market capitalizations of 2.9 billion USD and 1.7 billion USD respectively
Recently, Binance listed spots $PNUT and $ACT , immediately helping holders earn x10 => Expecting Binance to continue listing low-cap coins for members to play
Meanwhile, unlisted tokens like $GIGA and $FWOG are gaining momentum, reaching a cap of $500M without listing exchanges