Crypto Kick
Mainly focused on technical & fundamental analysis, being trading since 8 years. All you can get here are insights, breaking news, trade setups & much more.
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Rug Pull in Crypto: The Exit Scam You Need to Watch Out For
In the thrilling yet risky world of cryptocurrency, a dangerous scam known as the "rug pull" is catching many investors off guard. This sneaky trick can turn your promising investment into worthless tokens overnight.
What is a Rug Pull?
A rug pull is a type of exit scam where scammers raise money by selling a new token to investors and the public. Once they've collected enough funds, they quietly shut down the project or disappear altogether, taking the money and leaving investors with worthless tokens.
How It Works
Scammers launch a new token with enticing promises and slick marketing. They attract investment from eager buyers, but as soon as they've raised a substantial amount, they pull the rug out from under everyone. The project disappears, and so does the money.
Why It’s a Big Deal
The fallout from a rug pull is harsh. Victims lose their investment and are left with tokens that have no value. Beyond the financial loss, there’s a sense of betrayal and frustration when trust in the crypto world is shattered.
High-Profile Scams
Scams like the "Squid Game Token" have shown just how cunning these schemes can be. Such cases highlight the need for vigilance and thorough research before investing.
How to Protect Yourself
1. Research Thoroughly: Look into the team behind the project and their past activities.
2. Examine the Code: If possible, check the smart contract or get it audited for security.
3. Diversify Investments: Avoid putting all your funds into one project to spread out your risk.
4. Use Reputable Platforms: Stick to established and trustworthy exchanges or platforms.
Stay Safe
The crypto world is exciting but comes with its risks. Being aware of rug pulls and taking the right precautions can help protect your investments and keep your financial journey secure.
What is a Rug Pull?
A rug pull is a type of exit scam where scammers raise money by selling a new token to investors and the public. Once they've collected enough funds, they quietly shut down the project or disappear altogether, taking the money and leaving investors with worthless tokens.
How It Works
Scammers launch a new token with enticing promises and slick marketing. They attract investment from eager buyers, but as soon as they've raised a substantial amount, they pull the rug out from under everyone. The project disappears, and so does the money.
Why It’s a Big Deal
The fallout from a rug pull is harsh. Victims lose their investment and are left with tokens that have no value. Beyond the financial loss, there’s a sense of betrayal and frustration when trust in the crypto world is shattered.
High-Profile Scams
Scams like the "Squid Game Token" have shown just how cunning these schemes can be. Such cases highlight the need for vigilance and thorough research before investing.
How to Protect Yourself
1. Research Thoroughly: Look into the team behind the project and their past activities.
2. Examine the Code: If possible, check the smart contract or get it audited for security.
3. Diversify Investments: Avoid putting all your funds into one project to spread out your risk.
4. Use Reputable Platforms: Stick to established and trustworthy exchanges or platforms.
Stay Safe
The crypto world is exciting but comes with its risks. Being aware of rug pulls and taking the right precautions can help protect your investments and keep your financial journey secure.
PINNED
🚨Rise Of Memes | SHIB | PEPE $1 ⚡️⚡️Race Sept - Oct 🇺🇸🚨🚀
🚦SHIB Pepe Bonk $1? 2024 Sept - Nov⚡️⚡️⚡️
In the world of cryptocurrencies, meme coins like SHIB and Pepe have captured the imagination of investors worldwide. With wild predictions circulating about these tokens reaching $1, it's crucial to take a step back and examine the reality behind these speculative frenzies.
The Rise of Meme Coins 💰
Meme coins have surged in popularity, driven by the allure of quick riches rather than the fundamentals of blockchain technology. Investors are flocking to these tokens with dreams of overnight millionaire status, lured by the success stories of a fortunate few.
The Illusion of Overnight Wealth 🥸
While there have been instances of meme coin millionaires, these are exceptions rather than the norm. Many investors have also suffered significant losses, a side of the story often overlooked in the hype surrounding these tokens.
Unrealistic Expectations 🤑😱
The notion of SHIB or Pepe reaching $1 is frequently propagated by influencers and fervent believers. However, such predictions often disregard basic economic principles and the sheer impracticality of achieving market capitalizations higher than global economies.
Lessons for New Investors 📖📚👓
Newcomers to the crypto space are particularly vulnerable to the allure of get-rich-quick schemes. The disappointment and financial losses experienced by those who fall prey to unrealistic promises can sour perceptions of cryptocurrencies as a whole.
Supply and Demand Realities 🤯
Tokens like SHIB and Pepe boast supplies in the billions or even trillions, making significant price appreciation to $1 extremely challenging. Investors should be wary of investing based solely on speculative hype rather than solid project fundamentals.
Ripple (XRP) and High Price Predictions
Similar to meme coins, Ripple's XRP faces exaggerated predictions due to its large supply. Suggestions of XRP reaching $1000 by 2024 are similarly unrealistic and should be approached with caution.
Investing Wisely 🦉
Amidst the noise of speculative fervor, a prudent approach to investing in cryptocurrencies involves focusing on projects with tangible real-world applications and robust technology. Rather than gambling on hype, investing in the future of blockchain and emerging technologies offers a more sustainable path to financial growth.
Conclusion 💰💰💰💸💸💸💲💲💲
As the crypto landscape evolves, the allure of meme coins and exaggerated price predictions persists. However, investors must navigate these turbulent waters with caution. Understanding the difference between genuine investment opportunities and speculative gambles is crucial for long-term success in the crypto space. By prioritizing education and due diligence, investors can harness the transformative potential of blockchain technology while minimizing the risks associated with speculative investments.
#BinanceHODLerBANANA #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments #BinanceTournament $SHIB
$PEPE
In the world of cryptocurrencies, meme coins like SHIB and Pepe have captured the imagination of investors worldwide. With wild predictions circulating about these tokens reaching $1, it's crucial to take a step back and examine the reality behind these speculative frenzies.
The Rise of Meme Coins 💰
Meme coins have surged in popularity, driven by the allure of quick riches rather than the fundamentals of blockchain technology. Investors are flocking to these tokens with dreams of overnight millionaire status, lured by the success stories of a fortunate few.
The Illusion of Overnight Wealth 🥸
While there have been instances of meme coin millionaires, these are exceptions rather than the norm. Many investors have also suffered significant losses, a side of the story often overlooked in the hype surrounding these tokens.
Unrealistic Expectations 🤑😱
The notion of SHIB or Pepe reaching $1 is frequently propagated by influencers and fervent believers. However, such predictions often disregard basic economic principles and the sheer impracticality of achieving market capitalizations higher than global economies.
Lessons for New Investors 📖📚👓
Newcomers to the crypto space are particularly vulnerable to the allure of get-rich-quick schemes. The disappointment and financial losses experienced by those who fall prey to unrealistic promises can sour perceptions of cryptocurrencies as a whole.
Supply and Demand Realities 🤯
Tokens like SHIB and Pepe boast supplies in the billions or even trillions, making significant price appreciation to $1 extremely challenging. Investors should be wary of investing based solely on speculative hype rather than solid project fundamentals.
Ripple (XRP) and High Price Predictions
Similar to meme coins, Ripple's XRP faces exaggerated predictions due to its large supply. Suggestions of XRP reaching $1000 by 2024 are similarly unrealistic and should be approached with caution.
Investing Wisely 🦉
Amidst the noise of speculative fervor, a prudent approach to investing in cryptocurrencies involves focusing on projects with tangible real-world applications and robust technology. Rather than gambling on hype, investing in the future of blockchain and emerging technologies offers a more sustainable path to financial growth.
Conclusion 💰💰💰💸💸💸💲💲💲
As the crypto landscape evolves, the allure of meme coins and exaggerated price predictions persists. However, investors must navigate these turbulent waters with caution. Understanding the difference between genuine investment opportunities and speculative gambles is crucial for long-term success in the crypto space. By prioritizing education and due diligence, investors can harness the transformative potential of blockchain technology while minimizing the risks associated with speculative investments.
#BinanceHODLerBANANA #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments #BinanceTournament $SHIB
$PEPE
XAU USD weekly trade plan
Gold Weekly Update:
Gold started last week testing the 3350 - 3360 zone, signaling the possible end of the recent pullback and hinting at a move higher.
But things quickly turned around. Over the next few days, prices dropped sharply, hitting as low as 3250 by Thursday, nearly a $100 slide from the week's peak.
After that steep fall, gold managed a rebound above 3300 and tried to push through the 3325–3330 range again, but the move didn’t hold. The week ended with price settling below 3300.
What’s Really Happening?
We saw a quick fake push upward, followed by a lot of hesitation around key levels.
Now the big question: Was that bounce just noise before another leg lower?
The 3280–3290 zone is being tested again and again. Will it finally give way, or are buyers stepping in to hold the line?
Why I Think There’s More Room to Fall
The chart is painting a clear picture:
Lower peaks and dips keep forming a sign the overall trend still leans downward.
3330 area has repeatedly acted as a ceiling for price.
Every attempt to climb is quickly met with selling.
The 3280–3290 area keeps getting pressured.
If price breaks below 3280 with conviction, we could see a stronger move downward.
Game Plan for the Week Ahead
The focus stays on shorting pullbacks, especially if gold moves back near or above 3300.
Plan Breaker or bias changed when: A strong push and hold above 3330 and flip of the range above 3330
Target Levels:
3250 = First reaction zone
3200 = Main downside target if the trend continues
Don’t chase moves. Wait for clean setups and let the market confirm the direction.
Note:
Ukraine and Russia War can be a key factor in the gold move today, price can manipulate and if 3330 Level Flips, we can look for buy setups with clean chart. How price behaves around the 3280 area will likely decide next week’s tone. If it drops below cleanly, it could set the stage for a deeper slide to 3250 or even 3200. Until that’s confirmed, don’t let emotions trade for you.
Gold started last week testing the 3350 - 3360 zone, signaling the possible end of the recent pullback and hinting at a move higher.
But things quickly turned around. Over the next few days, prices dropped sharply, hitting as low as 3250 by Thursday, nearly a $100 slide from the week's peak.
After that steep fall, gold managed a rebound above 3300 and tried to push through the 3325–3330 range again, but the move didn’t hold. The week ended with price settling below 3300.
What’s Really Happening?
We saw a quick fake push upward, followed by a lot of hesitation around key levels.
Now the big question: Was that bounce just noise before another leg lower?
The 3280–3290 zone is being tested again and again. Will it finally give way, or are buyers stepping in to hold the line?
Why I Think There’s More Room to Fall
The chart is painting a clear picture:
Lower peaks and dips keep forming a sign the overall trend still leans downward.
3330 area has repeatedly acted as a ceiling for price.
Every attempt to climb is quickly met with selling.
The 3280–3290 area keeps getting pressured.
If price breaks below 3280 with conviction, we could see a stronger move downward.
Game Plan for the Week Ahead
The focus stays on shorting pullbacks, especially if gold moves back near or above 3300.
Plan Breaker or bias changed when: A strong push and hold above 3330 and flip of the range above 3330
Target Levels:
3250 = First reaction zone
3200 = Main downside target if the trend continues
Don’t chase moves. Wait for clean setups and let the market confirm the direction.
Note:
Ukraine and Russia War can be a key factor in the gold move today, price can manipulate and if 3330 Level Flips, we can look for buy setups with clean chart. How price behaves around the 3280 area will likely decide next week’s tone. If it drops below cleanly, it could set the stage for a deeper slide to 3250 or even 3200. Until that’s confirmed, don’t let emotions trade for you.
The termination of the ceasefire agreement between Israeli Prime Minister Netanyahu and Hamas could lead to increased geopolitical tensions, which typically drives investors towards safe-haven assets like gold. In times of uncertainty, gold often benefits from the desire to hedge against potential risks. On the other hand, Bitcoin and other cryptocurrencies may experience increased volatility as traders react to the shifting global sentiment. While some may view Bitcoin as a hedge against traditional markets, its speculative nature could lead to sharp price fluctuations in response to the news, creating both opportunities and risks for crypto investors.
$BTC
$BTC
Goodmorning Everyone!
Before entering any trade, always ensure you have a clear invalidation point. This is essentially a price or level that signals your trade idea is no longer valid, prompting you to exit. It doesn’t matter what asset you’re trading or where you’re entering — the key question to ask yourself before you take the trade is: If I’m wrong, at what point do I exit?
In trading, what matters is not being right or wrong, but how much you gain when you're right and how little you lose when you're wrong.
$BTC
Before entering any trade, always ensure you have a clear invalidation point. This is essentially a price or level that signals your trade idea is no longer valid, prompting you to exit. It doesn’t matter what asset you’re trading or where you’re entering — the key question to ask yourself before you take the trade is: If I’m wrong, at what point do I exit?
In trading, what matters is not being right or wrong, but how much you gain when you're right and how little you lose when you're wrong.
$BTC
As of now sitting in 100% cash again as market is not yet ultra bullish, and there’s still uncertainty, may be price can go more up from here as BTC claim back the physiological number 100k and currently holding but I'm happy with my profits as mostly bought 70% xrp and it's 40% up already from my buying so don't want to give my gains to the market. So for now I will be sitting in cash and will join with a good pull back or a good dip if market gives any. But happy with my gains.
Moral: Always book profits
$XRP
Moral: Always book profits
$XRP
Hello, Everyone welcome back from Crypto Kick, so good to see you all back, coming again with all the insights of the market on daily basis and analysis.
That's what you can do in just one day get the gains for the whole year, sitting in cash for some weeks for this last moment of yesterday to buy. What an extended move market took. I just booked my all profits as got into it at the bottom last night in Alts.
$BTC
That's what you can do in just one day get the gains for the whole year, sitting in cash for some weeks for this last moment of yesterday to buy. What an extended move market took. I just booked my all profits as got into it at the bottom last night in Alts.
$BTC
🚨Key Points from Fed Chairman Powell's Speech:
The economy is generally strong.
The labor market has moved from overheating to a normal state.
Inflation has significantly decreased since August.
The Fed is focused on its targets, reflecting confidence in the labor market.
A patient approach has yielded positive results.
Consumer spending remains robust.
Expectation of continued strong GDP growth.
Inflation has dropped from its peak to around 2%, but is still above the target.
Labor market conditions are less tight than pre-pandemic levels.
Rate cuts are 50 BPS
Overall, Powell conveys a positive outlook with no indication of a recession.
$BTC
The economy is generally strong.
The labor market has moved from overheating to a normal state.
Inflation has significantly decreased since August.
The Fed is focused on its targets, reflecting confidence in the labor market.
A patient approach has yielded positive results.
Consumer spending remains robust.
Expectation of continued strong GDP growth.
Inflation has dropped from its peak to around 2%, but is still above the target.
Labor market conditions are less tight than pre-pandemic levels.
Rate cuts are 50 BPS
Overall, Powell conveys a positive outlook with no indication of a recession.
$BTC
💣Breaking News: Fed Cuts Rates by 50bps to 5%
Everyone expecting the same what's new ? Market already priced in for 50bps.
The Federal Reserve has reduced interest rates by 50 basis points, now at 5%, a move widely anticipated by the market. This could increase demand for riskier assets like Bitcoin (BTC). However, given that the cut was expected, immediate market reactions may be muted. Stay tuned for further updates on BTC's performance.
$BTC
Everyone expecting the same what's new ? Market already priced in for 50bps.
The Federal Reserve has reduced interest rates by 50 basis points, now at 5%, a move widely anticipated by the market. This could increase demand for riskier assets like Bitcoin (BTC). However, given that the cut was expected, immediate market reactions may be muted. Stay tuned for further updates on BTC's performance.
$BTC
Trending
Donald Trump updates: FBI probing ‘assassination attempt’ at golf course
The FBI says it is investigating an incident involving a gunman at former US President Donald Trump’s golf course in Florida as an apparent “attempted assassination”.
Trump, the Republican presidential nominee, says he is “safe and well” after gunshots were fired in his vicinity in West Palm Beach, Florida.
Law enforcement officials say agents spotted a gunman with a rifle at the golf course, fired at him and eventually took him into custody after he tried to flee.
US President Joe Biden says he and Vice President Kamala Harris are “relieved” that Trump was not hurt in the incident, as politicians across the country denounce political violence.
The FBI says it is treating an incident at Trump’s golf course as an apparent “assassination attempt” against the former president.
Trump was unharmed in the incident.
A gunman was spotted on the outskirts of the course in the vicinity of Trump, according to law enforcement officials. A Secret Service agent fired at the man, who fled in a vehicle and was later arrested.
US media outlets have identified the suspect as Ryan Wesley Routh. It was not immediately clear if he fired any shots.
The incident comes just two months after Trump survived an assassination attempt at a rally in Pennsylvania.
‘We need to know why this keeps happening’: Trump ally
Right-wing Congressman Matt Gaetz has questioned why Trump was targeted for the second time in a few months.
“We need to know why this keeps happening,” Gaetz wrote in a social media post.
Trump says his resolve is ‘stronger’
In a text message to supporters soliciting campaign donations, Trump says: “MY RESOLVE IS STRONGER AFTER ANOTHER ATTEMPT ON MY LIFE!”
“Thank you for your support. UNITY. PEACE. MAGA,” he added, referring to his campaign slogan, Make America Great Again.
It brings the drop for crypto and Bitcoin and rightly so.
$BTC
Trump, the Republican presidential nominee, says he is “safe and well” after gunshots were fired in his vicinity in West Palm Beach, Florida.
Law enforcement officials say agents spotted a gunman with a rifle at the golf course, fired at him and eventually took him into custody after he tried to flee.
US President Joe Biden says he and Vice President Kamala Harris are “relieved” that Trump was not hurt in the incident, as politicians across the country denounce political violence.
The FBI says it is treating an incident at Trump’s golf course as an apparent “assassination attempt” against the former president.
Trump was unharmed in the incident.
A gunman was spotted on the outskirts of the course in the vicinity of Trump, according to law enforcement officials. A Secret Service agent fired at the man, who fled in a vehicle and was later arrested.
US media outlets have identified the suspect as Ryan Wesley Routh. It was not immediately clear if he fired any shots.
The incident comes just two months after Trump survived an assassination attempt at a rally in Pennsylvania.
‘We need to know why this keeps happening’: Trump ally
Right-wing Congressman Matt Gaetz has questioned why Trump was targeted for the second time in a few months.
“We need to know why this keeps happening,” Gaetz wrote in a social media post.
Trump says his resolve is ‘stronger’
In a text message to supporters soliciting campaign donations, Trump says: “MY RESOLVE IS STRONGER AFTER ANOTHER ATTEMPT ON MY LIFE!”
“Thank you for your support. UNITY. PEACE. MAGA,” he added, referring to his campaign slogan, Make America Great Again.
It brings the drop for crypto and Bitcoin and rightly so.
$BTC
BREAKING 🚨
🇺🇸 US inflation falls to 2.5%, lower than expectations.
What are your thoughts on this ?
Shocking for $BTC or relief ?
🇺🇸 US inflation falls to 2.5%, lower than expectations.
What are your thoughts on this ?
Shocking for $BTC or relief ?
Hello CT,
I hope you're all doing well. I was away on holiday for a few days, but I'm back now and ready to resume our daily updates. We'll be diving into exciting developments with the market, including daily, hourly, and weekly candle analyses. BTC is in a particularly thrilling phase right now, and its recent capitulation has been remarkable. Tomorrow, I'll provide a detailed report on the market and our trading plans. Stay tuned for more insights!
$BTC
Best,
Crypto Kick
I hope you're all doing well. I was away on holiday for a few days, but I'm back now and ready to resume our daily updates. We'll be diving into exciting developments with the market, including daily, hourly, and weekly candle analyses. BTC is in a particularly thrilling phase right now, and its recent capitulation has been remarkable. Tomorrow, I'll provide a detailed report on the market and our trading plans. Stay tuned for more insights!
$BTC
Best,
Crypto Kick
Seeing the previous Weekly close, the candle gives the whole move back, almost a 200 days ranging period, and even at this point we have 80% longs activation already, keep in mind this 54k was the cruicial zone many were waiting for, but this slow bleeds is not my thing, I would have taken if it dips sharply. According to my previous posts major liquidity is under 50k will decide and dca under that zone after the reaction from that zone.
$BTC
$BTC
HODL Myth:
Congratulations to the ones who are holding Ethereum from the 1st Jan 2024, who holding Eth whole year got net -2% Loss. Before today if was net 0.
That is why according to this market holding is not a thing for wise and smart money always dump on them and move to the new trends and narratives.
So for the next time if you decide to hold something for that long, think about it twice. Still a long way to go Eth.
Congratulations to the ones who are holding Ethereum from the 1st Jan 2024, who holding Eth whole year got net -2% Loss. Before today if was net 0.
That is why according to this market holding is not a thing for wise and smart money always dump on them and move to the new trends and narratives.
So for the next time if you decide to hold something for that long, think about it twice. Still a long way to go Eth.
If you are in BTC trade from lows start booking profits, for any further upside, $BTC on Daily must close above this line or 58500 and hold. 1h and 4h fakeouts looks very bad and that's also from the most crucial zone, although selling pressure on the key zone is obvious, but it must not give whole move back, if it does this shows weakness in the price action. IMO and what I'm doing is sitting sideline in cash haven't took any trade and will be sideline till any confirm directions nothing in between 50k - 60k. Safe trade fellows. Look for short profits only if you want to trade and forget about futures totally if you want any future.
Check previous post for more clarity.
Check previous post for more clarity.
On the daily tf $BTC must reclaim this zone above 58k and hold and close above this for any further upside, but if we close under this zone on daily, that's bad, very bad for BTC. Currently it's wise to sit on the sideline for sometime and let BTC settle for any clear directions. As informed in the previouspost before if got dumped that support is getting weaker with time, the main eyes on the liquidity on lows of 52k, but I can't see it stopping there too this time is different.
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