Whenever Bitcoin crossed 70k+ and reached its All-Time High, why did the market take such a big dump from there? I did proper research on this and I'm sharing it with all of you so that you can learn something. Firstly, there's a heavy resistance level there that everyone knows about. Secondly, whenever the market reaches this level, everyone opens a long trade with high leverage, leading to manipulation for managing interests. Any news that comes out causes a big dump in the market.
Let me tell you one thing, for those who have shorted Bitcoin from the 38k to 30k levels, especially those with big wallets, their liquidation is above 82/85/90k$. The market needs to reach this level, but it will trap the new retailers. It will give a dump around 44k to 46k$, causing panic selling among these retailers. After that, the real bull run is expected to start around mid or end of September. We might see a rally in altcoins then. Whats your opinion Comment Down âș
Reef is currently trading at $0.004 and is quite bullish, and next, it could easily pump to $0.0045. After that, we could see a downside in it. Right now, it is overbought, and if anyone wants to take an entry, they should wait for the best levels. $0.0020 is a good buying range.
The price of ETH is around $2,420, and from here we could also see a reversal in the price. There is heavy resistance here, and we could see a rejection. The best buying range should be from $2,340 to $2,250.
Bitcoin current price is around $61,900. The news that came last night led to a good pump in the market, and many people will take entries here out of FOMO, but they will get trapped due to this news. However, the best zone for Bitcoin is still between $55,300 and $52,700, which is an ideal buying zone.
Boyz, this update is not financial advice. Iâm just sharing my experience with you. The BTC updates Iâve given before were all accurate, Alhamdulliah. BTC is currently trading at $59K+, and within the next 72 hours, you will see BTC trading between $55K to $53K. Note this down. The reason is not a rate cut. Iâll tell you the reason when it hits. But again, this is not financial advice.
Many people ask what CPI data is, so today I'll explain it to clear up any confusion. CPI stands for Consumer Price Index. It shows data released every month on a website called Forex Factory. The impact on the market depends on the CPI data. If CPI data increases compared to previous data, it means inflation is rising, which has a negative impact on the market. However, if it comes in lower than the previous data, it indicates that inflation is under control, and this has a positive impact on the market.
The current price of Wif is $1.65, and itâs the best meme coin on the Solana blockchain. Its total supply and circulating supply are the same. If you buy it in the spot market for the long term, itâs the best choice. Based on research, it might give us a wick around $1.3 to $1.2. If we talk about its bull run target, we could easily see it reaching up to $10.
There are certain coins that can potentially give you 50x to 100x profit. In this article, I'll guide you on how to approach this. New investors often buy coins like SOL, BNB, ETH, or BTC and expect these kinds of returns, but these coins are relatively low-risk. If you want to make such high profits, you must be willing to take on a proportional amount of risk. Always invest in coins with such potential for profit that have a market cap of less than $1 million, but make sure you do thorough research on that coin. If you don't know how to research a coin, let me know in the comments, and I'll explain it in my next post.
my friend Waleed's story.it is real story Starting future trading without learning is indeed very risky. He incurred a $47,000 loss in just 2 months, which is truly unfortunate. His biggest mistake was opening trades in every coin, and when it went down by 1â , he would invest $1,500 more, which ended up trapping him. To DCA, one should wait for a 20â drop and only invest 50â of the initial amount. And most importantly, patience is crucial in trading. I had explained it to him as well, but he wasn't mentally strong. He also took long trades in TIA and TRB without using stop-loss. This led him to panic and keep DCAing at high amounts, eventually wiping out his account. It's really a tough lesson, but hopefully, others will learn from it.
Coins that have experienced a collapse before can perform well in a bull run. Coins like FTT and Luna showed significant growth in the previous pump. If someone wants to take a risk with these coins, they should only use 1â of their portfolio in spot trading.coins with less global interest can be manipulated by whales and then experience a good pump. Therefore, I also hope that these coins can give us a return of 10x to 20x in this bull run.
In the crypto market, it's those who buy in fear and sell in greed who make the most profit. And those who have a long-term vision in the market. You've seen it correctly, most people who do future trading make some profit for a few days, then their account gets liquidated. The main reason for this is greed. That's why I don't recommend anyone to do future trading. If you really want to make money in this market, just focus on spot trading, especially for newcomers. When there's fear in the market, enter a fundamental coin and when the market pumps, sell it. Whats Your biggest profit in trading comment Down and whats your opinion about this informative post comment downâș
top 4 coins to hold for a bull run along with their reasons and potential targets. Let's dive into it.
1.Solana is a high-performance blockchain platform that offers fast transactions and low fees. It prioritizes scalability and decentralized apps (dApps). Developers can build their projects on Solana's network with efficiency and speed. Target 300 to 500$
2.Manta t provides secure and transparent transactions. Users can access various services and functionalities related to digital assets within it. Target 10$ to 15$
3. Render Coin is a cryptocurrency project that aims to provide a decentralized ecosystem for digital assets. It focuses on enabling secure and transparent transactions within its network. Users can participate in the Render ecosystem to access various services and functionalities related to digital assets. 20$ to 50$ target.
4.DYDX provides users with the ability to engage in margin trading. On this platform, you can margin trade various cryptocurrencies. Target 5$ to 20$
Boyz, just like I detailed XRP before, XRP has made a move. Alhamdulillah! Currently, XRP is trading at $0.57. The next XRP can potentially fill its $0.523 order block. Keep an eye on this point and wait. Plan to buy again during a dip. And don't forget to support your brother so that you keep receiving such updates.
I am sharing the 24-hour update on Bitcoin. The current price of BTC is $61,500. Looking at the liquidation levels, the first liquidation point is around $62,300, followed by downside liquidation. The next resistance level is at $65,100. If there is a daily closing around that level, it could potentially turn the market bullish.
It's essential to keep an eye on coins that are tagged for monitoring because they often experience significant dumps due to panic selling and manipulation. Interestingly, some of these coins can then pump by 100% in a single day. This usually happens because everyone shorts these coins, leading exchanges to manipulate them. It's a good point to focus on trading fundamental coins to avoid such risks.
Ethereum is a very large blockchain with a market dominance of over 15%, while BNB's dominance is only 3.5%. Overall, when we look at Ethereum and BNB in terms of market cap and circulating supply, Ethereum is a strong project compared to BNB. Recently, Ethereum's ETFs have also been approved. In my personal opinion as well, I don't think BNB can defeat Ethereum in the next 5 years. Ethereum's strong foundation and widespread adoption keep it in a powerful position in the market. Comment Down Your opinion about BNB And Etherium.
Bitcoin's current price is $61,500. Looking at Bitcoin's trend, it seems quite bullish. Many people are bullish on it again. Bitcoin could touch the resistance at $63,800, but it might reverse from there and we could see another correction. Personally, my target for Bitcoin is between $44,000 to $47,000. What do you think about this? Let me know your thoughts in the comments!