Bitcoin is showing signs of a potential bullish reversal with a classic Double Bottom pattern forming around the key support level of $86,000. This pattern suggests that the downtrend may be nearing its end and a new uptrend could be on the horizon. Here’s what you need to know: * Strong support: The level of $86,000 has acted as a key support zone, preventing further price declines. * Neckline Resistance: The level of $89,920 acts as the neckline resistance. A breakout above this level will confirm the Double Bottom pattern and signal a bullish reversal.
From Rock Bottom to Riches: The Journey of a Crypto Trader
He began his crypto journey with enthusiasm, dreaming of financial freedom. With $500 in savings, he jumped into Binance, confident that quick profits awaited. But in just 20 days, his portfolio dropped to $200. The culprit? Trading on emotion and lacking a strategy.
Every loss fueled despair. He chased rallies, deceived by false signals and traded without a plan. The final shock came when a single bad trade wiped out $100 in minutes. Frustrated but determined, he vowed to change everything.
After the announcement of buying more BTC yesterday.
MicroStrategy announced a $1.75 billion USD offering of convertible bonds (into stock) with an interest rate of 0% to buy more BTC. The stock price of MicroStrategy also surged, creating a new ATH price.
Dedication will always have rewards, as long as you persist in your efforts. Good morning everyone! I am a player, yesterday the major cake/Thai Sister showed a tendency to oscillate in range, pulling back and forth, we have seen, at the low positions entered the market a total of 8 times, gaining 5746 points of space. By midnight, the major cake/Thai Sister began to face pressure for adjustment from the second high, once again recovering close to the second support level (89700) and the first (3100), this development is also consistent with our prediction, fundamentally it is a wide oscillation trajectory in the sideways price range, so trading on the silk road becomes much simpler, as long as the upper and lower price areas are not broken, the overall trend still opts for trading at the lower support level, those who are daring can enter direct buy orders, then return to the highs to sell (Thai Sister is recovering).
A "whale trap" in cryptocurrency trading refers to a strategy used by large investors (called "whales") to manipulate the market in their favor. This tactic involves creating a false impression of market activity to deceive smaller traders. Here are a few ways it can work: 1. Pump and Dump: Whales may buy a large amount of cryptocurrency to drive the price up, encouraging smaller investors to buy in, fearing they will miss out on profits. Once the price is high enough, whales sell off their assets, causing the price to plummet and leaving smaller investors with losses.
Scammers are increasingly targeting P2P transactions. Here’s how it works:
Currently, there is a new way that P2P scammers can steal your money. First, you will complete a P2P transaction. There will be nothing wrong with it and you will think wow, that was a successful transaction BUT YOU ARE WRONG After you sell your Crypto and the money is sent to your bank account, the scammer will contact that bank and file a complaint saying that it was an illegal payment (CLEARLY THEY HAVE FOUND A LOOPHOLE IN THE BANKING SYSTEM THAT ALLOWS THEM TO DISPUTE THE PAYMENT)