i expected this altcoins dump a week ago by analyzing the charts but i can't even find an explanation why is this happening in first place i m still hodling ,all market altcoins dumped together so they will pump again together anyway
Altcoins charts looks awful seems like we re going for a bear market ,for the first time since more than a year i m in loss the market will recover eventually but hopefully it will be in a couple of months.
#memecoins what is a meme coin? is it a funny coin ? does it even mean something or is it just a bubble ? well talking serious
We are in a Meme bubble
2017 was the ICO bubble, 2021 was the DeFi bubble, and in this cycle we're in a meme bubble
Memes are outperforming every project. If you don't have any exposure to memecoins, you might get underperformed.
I'm not a fan of memecoins, but in crypto 'the trend is your friend.'
Don't try to find the next 1000x memecoin with a market cap under 500k because 99.99% of those are rugs.
Stick to the top memecoins that have become popular in this cycle with a strong community.
Don't bag hold them forever, but always leave a small moon bag you are comfortable round-tripping back to zero. $PEPE #Shibalnu #sellthedipđ #ETFvsBTC
Each time Bitcoin has traded at or slightly below the 100 MA on the daily chart, It has marked the local bottom followed by an aggressive upside rally.
Bitcoin repeats â2016 history perfectlyâ amid $350K price predictionÂ
Bitcoin is replicating the same path as it did after the 2016 Bitcoin halving event, with one indicator signaling it may be nearing its local bottom and another indicating it could reach $350,000 during âthe peakâ of this cycle, according to crypto traders. âBitcoin has repeated 2016 history perfectly, offering a downside wick below the bottom of its current re-accumulation range within a three-week window after the Halving,â pseudonymous crypto trader Rekt Capital declared in a May 11 post on X. Rekt indicates that the reaccumulation range at this point of the cycle is any price below $61,081, which Bitcoinis currently trading below, at $60,901, according to CoinMarketCap data.
Furthermore, Rekt highlighted Bitcoin is currently in the âlast pre-halving retraceâ stage, which, once it passed in 2016, saw a 48% spike just six months later, on Dec. 30, to $973. However, the price drawdown from the all-time high (ATH) chart â which measures the decline from Bitcoinâs peak to its lowest point over a specific time frame â suggests a much more ambitious price, according to the founder and investment manager at Cane Island Alternative Advisors Timothy Peterson. Referencing the chart, Peterson estimates that Bitcoinâs current price may rise nearly sixfold by the beginning of 2025. âBased on adoption and prior drawdowns, we can guesstimate that the peak value of this cycle would be between $175,000 - $350,000 in the next 9 months,â he explained in a May 11 post on X.