Ethereum $eth #eth #ethereumIMO i think there's a good chance this holds for at least now and quite possibly until the end of this holiday weekend. It's been my experience in this space as well as traditional markets that they really like to let us get foolish and play and dump $ into markets all throughout the holiday periods especially thanksgiving. I've often posted stories and predictions in prior years that you end up with selling just after Turkey Day and I've even seen it run into the whole partying time or u.s. markets of that day and then once everyone's tired and about to go to bed and done drinking and making bad decisions with hopium etc. sell off literally that evening and begin the next near-term correction.
Iv'e been buying since early a.m. and have closed many leveraged buys already up 15-65% as well as let many others ride with in profit SL
IMO buying Eth and or wtvr you want is great to watch and base those buys on eth hitting IMO $3k.....$2800.....$2650.....$2500 ( i highly doubt we see anything much below $2500 anytime soon)
IF we do see something deeper like that IMO its your GIFT from the trading GODS.
I'll be max bidding it all and with 20x
Cryptos
BTC/USDT - Rising Wedge Breakout - H4 ChartThe BTC/USDT pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Rising Wedge Pattern. This suggests a shift in momentum towards the downside in the coming Days. BINANCE:BTCUSD
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 93,400
Target Levels:
1st Support – 84,600
2nd Support - 78,210
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Best Regards, KABHI FOREX TRADING
Thank you.
Bullish momentum to extend for the Bitcoin?The price is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 91,689.26
1st Support: 86,579.45
1st Resistance: 99,638.15
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Bitcoin Hits All-Time High After BTC ETF Options DebutMarket Update - November 22, 2024
Takeaways
BlackRock’s iShares Bitcoin Trust became the first US spot bitcoin ETF approved for options trading: The price of bitcoin subsequently surged to nearly $98,000 on Thursday, reaching a new all-time high.
Institutional interest in MicroStrategy surged this week, with the value of those holdings jumping to $15.3 billion: Microstrategy founder Michael Saylor has continued to purchase bitcoin and MSTR shares have seen year-to-date gains of roughly 450%.
Trump considers Teresa Goody Guillén for SEC chair: Her appointment would likely usher in crypto-friendly policies and regulatory reform.
Meme coins including Bonk, Mog, and Brett have set all-time highs amid a rally partly driven by the resurgence of DOGE to $0.43: Bonk surged 120% following a burn campaign earlier this week, while Moo Deng also hit record prices.
Russia has drafted amendments to tax crypto income, classifying digital assets as property: The new laws would subject trading and mining income to a 15% personal income tax, while VAT exemptions would apply to crypto transactions.
➕ Topic of the Week: Recurring Buys
🫱 Read more here
Litecoin (LTC) – Could $650 Be Within Reach?Litecoin (LTC), currently priced at around $90, is starting to look very promising to both retail and institutional investors. Many are looking at a 1.618 Fibonacci extension target of $650, which represents a potential upside of over 600% from its current price. This could make Litecoin a highly profitable asset for those considering an investment.
Litecoin’s historical performance adds weight to this optimism. It achieved its all-time high of $413 during the 2021 bull run—a clear demonstration of its ability to surge when market conditions are favorable. With Litecoin now at $90, the price target of $650 is seen as both ambitious and attainable if the market continues to move in a bullish direction.
Several factors point to the potential for Litecoin to reach $650:
1. Fibonacci Extension at 1.618: The 1.618 Fibonacci extension is a critical technical level that traders closely watch during uptrends. Litecoin’s current price action is aligning with this target, suggesting that $650 could be a key level if the market continues to show strength.
2. Institutional Interest and Adoption: As cryptocurrency adoption continues to grow, Litecoin’s appeal to institutional investors is also rising. Litecoin offers faster transactions and lower fees compared to Bitcoin, making it an attractive alternative for both retail users and institutions looking to diversify their portfolios.
3. Network Upgrades: Litecoin is also actively improving its network. The integration of MimbleWimble, a privacy-focused protocol, and the Lightning Network, which enables faster and cheaper transactions, is enhancing Litecoin’s functionality and scalability. These upgrades are expected to increase Litecoin’s usability and could drive further demand.
4. Strong Market Position: Litecoin is consistently ranked among the top 20 cryptocurrencies, with a solid market cap and strong trading volume. This stability provides a strong foundation for future price growth, especially if more investors look for reliable, established cryptocurrencies.
While reaching $650 would represent a substantial rise from its current price, Litecoin’s fundamentals, technical indicators, and growing institutional interest all point to a bullish outlook for the coin in the near future.
However, it’s important to remember that cryptocurrencies are highly volatile and subject to rapid price fluctuations. As with any investment, you should always do your own research, evaluate your risk tolerance, and consult with a financial advisor before making any decisions.
Nov.12-Nov.18(ETH)Weekly market recapAs the cryptocurrency market continues to expand, several factors will influence the sustainability of the current upward trend.
Firstly, the direction of the Federal Reserve's monetary policy is crucial. If inflation resurges and leads to a tightening of monetary policy, it could pose a significant obstacle to market gains. Additionally, the implementation of specific policies by the Trump administration, including the establishment of regulatory frameworks and strategic reserves, will also play a vital role.
Moreover, the ongoing participation of institutional investors is a key factor, as their capital flows often have a substantial impact on market trends. Currently, the cumulative net inflow for BTC ETFs stands at $27.714 billion, while ETH ETFs have seen a net inflow of $139 million.
It is noteworthy that since August 5 of this year, Tether has minted over $7 billion USDT on the Ethereum blockchain. Changes in the supply of stablecoins have become an important market indicator; an increase in stablecoin supply not only reflects market confidence in cryptocurrencies but also provides potential support for subsequent price increases.
After retreating to around $3,000 last week, ETH has been experiencing fluctuations. The blue bars of the WTA indicator, which represent whale activity, are still present. The orange wave area of the ME indicator has shifted to purple, indicating a strengthening of bullish sentiment.
In summary, we believe that ETH may rise this week, but it is essential to remain cautious of price volatility risks. We maintain a resistance level at $3,400 and a support level at $3,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Nov.12-Nov.18(BTC)Weekly market recapAs the cryptocurrency market continues to expand, several factors will influence the sustainability of the current upward trend.
Firstly, the direction of the Federal Reserve's monetary policy is crucial. If inflation resurges and leads to a tightening of monetary policy, it could pose a significant obstacle to market gains. Additionally, the implementation of specific policies by the Trump administration, including the establishment of regulatory frameworks and strategic reserves, will also play a vital role.
Moreover, the ongoing participation of institutional investors is a key factor, as their capital flows often have a substantial impact on market trends. Currently, the cumulative net inflow for BTC ETFs stands at $27.714 billion, while ETH ETFs have seen a net inflow of $139 million.
It is noteworthy that since August 5 of this year, Tether has minted over $7 billion USDT on the Ethereum blockchain. Changes in the supply of stablecoins have become an important market indicator; an increase in stablecoin supply not only reflects market confidence in cryptocurrencies but also provides potential support for subsequent price increases.
Last week, BTC exhibited a volatile trend, with significant price fluctuations. The WTA indicator shows the appearance of blue bars representing whales, indicating the presence of large capital. The purple wave area on the ME indicator is widening, suggesting a strengthening bullish sentiment.
In summary, we believe BTC may experience an upward movement this week, but caution is warranted regarding price volatility risks. We have adjusted the resistance level to $95,000 and the support level to $85,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Fasten your seatbelt to 10T$- Everything is in Graphic and simple ( bubbles and fibo ).
- Upper trendline from 2018.
- This double TOP in 2021 irritates abit but it won't change the future.
- how we go and when we go... i don't know.
- Cryptos are volatile and super fast.
- Where we go... i know.
- Around 10T$ MC.
- if u want to know why CRYPTOS are super fast, i have an easy answer :
- The new generation prefers watch a 30 seconds TikTok Video rather than Youtube 30 Minuts video ! ( think about it and compare to finance ).
- What i bet for the TOP of next bull run ?
- BTC around 4.5T$ MC. (45%MC)
- Altcoins around 5.5T$ MC. (55%MC)
Hodl!
Happy Tr4Ding !