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#altcoins
Important altcoin market update:
Altcoins (TOTAL3) are at a KEY decision level right now, flirting with the idea of officially breaking out of the downwards regression channel.
There are 2 levels alts need to break to officially end the downtrend (and signal a complete bullish trend reversal):
1. A daily/weekly close above the blue line (regression channel high).
2. A daily/weekly close above the previous high (higher high - also at a similar level).
Of course, this could simply be another retest of resistance, and thus create a subsequent lower low. So be wary not to get crazy bullish here, as there have been many past traps with similar setups.
But, also be prepared for a potential breakout - because things could move REALLY quickly if we do.
Important altcoin market update:
Altcoins (TOTAL3) are at a KEY decision level right now, flirting with the idea of officially breaking out of the downwards regression channel.
There are 2 levels alts need to break to officially end the downtrend (and signal a complete bullish trend reversal):
1. A daily/weekly close above the blue line (regression channel high).
2. A daily/weekly close above the previous high (higher high - also at a similar level).
Of course, this could simply be another retest of resistance, and thus create a subsequent lower low. So be wary not to get crazy bullish here, as there have been many past traps with similar setups.
But, also be prepared for a potential breakout - because things could move REALLY quickly if we do.
Mining
Mining
$BTC update: Support sliced like butter so I'm not engaging in longs atm. Looking for ideally a sweep of the lower support level at $62.3k. I think we'll get it. I'm also starting to look at altcoins to long once BTC does that job, since BTC.D looks weaker.
#Bitcoin following the plan exactly as predicted.
As a trader, it's crucial to understand the context of the market.
With BTC.D weakening, especially today, it's not the time to short altcoins anymore.
I'm waiting for $BTC to hit my bounce area (hopefully we get there) to then long some altcoins there.
As a trader, it's crucial to understand the context of the market.
With BTC.D weakening, especially today, it's not the time to short altcoins anymore.
I'm waiting for $BTC to hit my bounce area (hopefully we get there) to then long some altcoins there.
Mining
#USDT dominance hitting its long-term trend line on March 14th, 2024, which was the local top for #BTC.
We all have a way of convincing ourselves that this time is different, but USDT dominance has been putting in higher lows ever since.
This trend line needs to break before any real future rally can begin.
We all have a way of convincing ourselves that this time is different, but USDT dominance has been putting in higher lows ever since.
This trend line needs to break before any real future rally can begin.
Mining
A user paid a fee of 288 $ETH($700K) in a single transaction yesterday.
https://etherscan.io/tx/0xe9470f1840cc1e89993be445950111a417ba7df0cc2bb133b27baa55a8ae4f40
https://etherscan.io/tx/0xe9470f1840cc1e89993be445950111a417ba7df0cc2bb133b27baa55a8ae4f40
Mining
#crypto
It looks like the grand finale of the altcoin reckoning has finally arrived.
The altcoin reckoning should be over by December 2024 (2nd week of January 2025 at the latest).
It has been a long journey, and many gave up along the way, but this process was always going to play out
It looks like the grand finale of the altcoin reckoning has finally arrived.
The altcoin reckoning should be over by December 2024 (2nd week of January 2025 at the latest).
It has been a long journey, and many gave up along the way, but this process was always going to play out
Mining
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BREAKING: 🇨🇳 Chinese court rules #Bitcoin and crypto ownership legal as Bitcoin surges to record $97,930 - SCMP