For the cryptocurrency world, another important concern is how long the honeymoon period between Musk and Trump will last. Trump is eager to fulfill Musk's profits and has sent Vance to call on the EU to lift sanctions against X, which is a way of repaying part of Musk's favor.

The key point is that Musk initially supported DeSantis before backing Trump. DeSantis represents the remnants of the establishment within the Republican Party, indicating that Musk's loyalty lies not with Trump personally but with the Republican Party. For Trump, who sees himself as an emperor, what he needs most is loyalty to him. In reality, Musk is an internal fence-sitter, and one cannot rule out whether an assassination might be planned by Musk. This grudge will definitely be settled by Trump, but it’s just a matter of when and in what form. It’s hard to say how long the cooperation between these two will last. If it doesn’t last long, it will lead to Musk's rapid downfall, followed by the appointment of the next chancellor (likely a populist like Vance, or a low-probability peace advocate like Turs). Vance has a higher probability because he is more charismatic, and MAGA represents a male-dominated empire. At this point, Tesla and Doge will likely plummet.

#musk

Share a dry goods: Binance's ACT listing announcement was launched at 13:20 noon on November 11, 2024. This is the K-line of ACT on DEX. If I read it correctly, there is a ten-minute opportunity to enter the market before the rise. How to do this? You need Raydium and DEX and an API to monitor Binance announcements. Use NER (named entity recognition) to extract the name of the newly listed coin from the Binance announcement, use the API to call the transaction data of the coin in DEX, and then use the API to place an order on Raydium. In this way, you may be able to get a high return in these ten minutes. For example, if the ACT coin is ordered in these ten minutes, it will be about 20 times the return so far, and then converted to SOL.

#狙击垃圾币 #act

If this matter continues to ferment, it is estimated that Trump's people are behind it, and they may be the future SEC people. Trump's so-called favorable cryptocurrency policy is actually a means of trade war. By maintaining the US local exchanges and suppressing other local exchanges, liquidity differences and interest rate spreads are created to see if China will introduce legalization policies as a countermeasure. All exchanges sued by the United States in the world will come to China for protection, and then collect stamp duty for each transaction in exchange. I think it's good.

This market is dominated by the amount of funds. Those who are long should make their moves when they should. The increasing popularity of quantitative trading will only lead to earlier and more treacherous transactions. Don't think that this bull market will last for a long time. This is still the beginning of the bull market. The bull market will become more and more like unpredictable pulse signals, and the random combination of violent sideways adjustments will be too late when you want to chase. Everything will end soon.

At the beginning of 23, I lost ten times the profit because I thought that BTC at 16,000 had not fallen to the right level, and then I kept looking for points to short and chase myself to death. If the market pattern has a signal, you should rush. Don't worry about the price. What's more important is the volume. Everyone is going long. Even if this position should not be more, it should be more. In 99.999% of cases, the market always helps the collective will to give the most correct answer.

I said before that doge will see at least 0.5, the reason is the trading volume and the ratio of doge/eth during the bull market. The previous bull peak and the bull peak had a ratio of 0.000009-0.000016. At that time, Musk did not have a controlling stake and did not become Trump's follower, and the market sentiment had already fomo'd to 0.000016. This wave will conservatively reach at least 0.000016, multiplied by the approximate position of ETH at 3200-3500, which is about 0.5
#doge

Act I doesn't look good, the website is a complete mess (I could do it in an hour), dex liquidity is only 8m, only 20,000 sol was staked

The key issue is that there was no shorting, aside from watching the market maker dump goods, there's nothing else that can be done

#act

During standard time, the pre-market for US stocks is at 5 PM Beijing time, the official opening is at 10:30 PM. The cryptocurrency market must reference US stock prices to set its direction, and the whales started to drive prices up around 2 AM today. The US stock market closes at 5 AM on Saturday, and from then until 5 PM on Monday, there are a total of 60 hours. During these 60 hours, except for the Russia-Ukraine conflict and Israel, there were basically no black swans, making it a golden period of continuous growth. Then, around the 45-hour mark, whales began to drive prices up and take profits.

If Trump comes in, the first thing he does is replace Powell, introduce favorable policies for cryptocurrencies, but suppress all exchange users who are not American, including Binance, OKX, Kraken, only keeping exchanges that require U.S. identity registration. Would this cause a run on the exchanges?
#特朗普美国优先

btc eth doge have all decreased in volume, the big players are not pushing the market, waiting for the result of market sentiment's random fluctuations to decide the direction

ETH and other altcoins are equivalent to financial derivatives of BTC. Right now, the sentiment has basically been fully released. Two to three days ago, BTC wasn't moving (except for the fluctuations caused by selling BTC to short altcoins for arbitrage). A day ago, ETH also wasn't moving much, and now DOGE has stalled as well. Essentially, we have reached a non-stable equilibrium. Next, the players will start to PVP, and whoever has more strength will determine the direction.

I can't understand one thing, if this place doesn't trap people, where does the profit of the fund come from? Only through long-term suffering from losses can support be formed. To go up like this, the cost has at least spent 5 billion. There is not a bit of support below, how can it be sold then? With this trading volume, the fund cannot make money while pushing up; there must be money inside that hasn't come out yet.

The line has reached a critical point these days. It started with the fervent emotion supporting BTC, then switched to ETH. Now, even DOGE can't push past 0.3, indicating that the enthusiasm has basically been exhausted. I believe the next phase will be a pattern transformation, shifting to a sideways mode.

DOGE should be in the range of 0.24-0.27, with a major range of 0.2-0.3.

BTC should be between 72000-80000, ETH between 2900-3200.

It is also possible to slightly break through as a show.

I don't think we can get past 0.3. I tried charging twice but didn't make it. I want to pull BTC and ETH and try again to make it look good. The main goal is to consolidate and accumulate in the range of 0.24-0.3. It did indeed rise too quickly before, and the pressure is quite heavy. We need to eliminate the profits of these people to move up. The higher we go, the more difficult it becomes. Even if we reach 0.74, it would only be a little over double the increase. If the sentiment turns negative, we won't reach 1 directly, and the difficulty of pulling up will increase three to four times. In that case, it’s better to accumulate on the spot.

#doge

The total trading volume of this wave is around 20 billion, the big ones haven't come yet, the trading scale in the first two rounds was around 100 billion, but I feel that doge should surge in the next few days, personally, I at least see it reaching 0.5-0.6, the reason is approximately 3200 to 3500 multiplied by about 0.0001 to 0.00015

#doge

Musk evaded military service, Trump does business + didn't go to war during his last term, this combination of two people ruling America, if the military doesn't stage a coup, the strategic contraction for the next four years is basically a done deal.
Gold is going to drop significantly.

#BTC

The ratio of doge/eth has entered a phase of accelerated growth. During the last market cycle, from April 16 to May 5, 2021, when Musk participated in a show and stated that doge had no real value, this ratio peaked at 0.00016. From October 28 to November 2, 2021, during the liquidity injection and pandemic market, this ratio reached 0.00009. This round of doge market is related to Trump's successful campaign and Musk's involvement in political promotion to establish the D.O.G.E. department. How this round of doge market will end is still unknown, but personally, I believe that considering the power Trump has given to Musk (Trump has already spoken out to the EU for the legitimacy of X), it is unlikely to end with Musk admitting that doge is a scam. It may end with the acknowledgment that the D.O.G.E. department has no relation to doge.
#doge

In these 30 minutes, doge used about 2-3 billion funds in the first 10 minutes of the pump, and the subsequent 20 minutes were basically driven by sentiment going up. The market maker did not pump, probably raising the price to offload while testing the trading activity in this area.

After Trump's victory this time, there has not been a significant price difference in usdt/usd, unlike in April 2022 during the Russia-Ukraine war, and the bottom in October with ftx and in March 2023. The c2c price of usdt against the RMB showed a slight fomo sentiment, indicating that the current sentiment has not been fully ignited, and it is basically still a rational bet. Looking at the global scope, there is not much money chasing up in the over-the-counter market, but some funds are likely preparing to withdraw from A-shares on Monday to move towards btc, and c2c is already raising prices in advance.

Polymarket shows that the prediction is that Trump will secure 20-23 seats in the House of Representatives. This positive outcome should lead to another round of growth, as it means Trump can truly achieve upward and downward communication, with a smooth political process.

eth and btc are under pressure, tonight and tomorrow during the day we will see if adjustments are needed after doge's performance, it depends on the performance of the US stock market.