November 1ļøā£4ļøā£th is on the calendar, which means it's time to charge up with fresh analytics and get the foundation for thinking and trading! Today we're focusing on:
$BTC simultaneously lost: - ascending support - $100k psychological level - yearly rolling VWAP This is more than enough to declare bear market!
Now let's rewind some key aspects of bear markets: āļø low liquidity āļø more sharp and random moves āļø bottom formations āļø bullish patterns often fail āļø convergences often fail
Is it possible to trade in profit during this market? Absolutely! Moreover, bear markets provide best prices for long-term investments! Stay tuned, I'll try to navigate you through as accurate as possible š #MarketPullback
Ethereum Classic (ETC): A Genre Classic or a Forgotten Dinosaur?
š Ethereum Classic (ETC): A Genre Classic or a Forgotten Dinosaur? Market capitalization: $2.42 billion. Ethereum Classic is the original Ethereum that refused the hard fork after the DAO hack and stayed true to the "Code is Law" principle. š” Unlike Ethereum, ETC retained the Proof-of-Work mechanism, making it attractive to miners and blockchain purists. What's happening nowā š£ETC grew 10.4% over the week, trading at $14.80. A sharp spike of 28.9% occurred in one day in early November ā related to increased interest in PoW projects. š£Trading volume reached $115 million per day, indicating serious activity. But not everything is rosy. After Ethereum's transition to Proof-of-Stake, interest in ETC gradually faded. š£However, now there's a "back to the roots" trend ā crypto purists are once again paying attention to projects with classic mining. š£For Solidity developers, Ethereum Classic offers backward compatibility and high security. š£It's a reliable platform for creating dApps without needing to switch to new standards. š£A major Olympia upgrade is ahead (end of 2026) ā implementation of EIP-1559 with fee burning mechanism and DAO governance. The Mordor testnet will launch in Q4 2025 to test functionality. Trade guidelines:š š š Consolidation above $15.30 ā the path to $16.50 is open. š Breakdown below $14.50 ā risk of falling to $13.50. Conclusion: ETC attracts those who value decentralization and PoW security. The project's stability and upcoming upgrades make it interesting for long-term investments, but low developer activity may limit growth. š Open a trade with $ETC
Axie Infinity (AXS): TV Show Rumors ā A Party for Speculators or Disappointment?
š„¶ Axie Infinity ( $AXS ): TV Show Rumors ā A Party for Speculators or Disappointment? Market capitalization: $212 million. Axie Infinity isn't just a game with cute monsters, but an entire GameFi ecosystem where AXS holders decide the fate of the project through decentralized governance. But right now, the token is caught in a real information chaos! š” But the main news: rumors emerged that Axie Infinity appeared on the "Pawn Stars" show on November 11th. Sounds intriguing, but there's one problem ā not a single reliable source has confirmed this! What does this meanā š£Key executives Alexander Larsen, Trung Nguyen, and Jeff Zirlin remain silent. š£Official project channels aren't announcing anything. š£Exchanges and on-chain data show no unusual activity. š£Historical cases show: when major tokens actually appear in leading media, it's followed by official confirmation from the team and real market reaction. š£There's none of that here ā pure speculation! š” Meanwhile, the project is actively developing: Codex Season 0 launched on November 4th ā a new Battle Pass system with a prize pool of 20,000 AXS. Regular Discord streams for community feedback have also started. Trade guidelines:š š š Growth above $1.30 ā opens the road to $1.43. š Falling below $1.20 ā could send it to $1.11. Conclusion: Without fundamental catalysts, AXS remains in standby mode. The Axie Constitution vote could stabilize the token, but the unlocking of 103 million tokens by 2026 will create serious pressure. Keep a close eye on official announcements!
š¦ Technical Analysis: Flow ( $FLOW ) Market capitalization: $424 million. The FLOW chart shows a smooth downward trend. At the same time, the price is forming levels quite close to each other. How to tradeā š¬ Entry upon confirmation of a downward reversal. š¬ Profit target ā before the nearest support level. š¬ Stop-loss ā behind the candle configuration. š¬ If the stop loss is triggered, consider buys targeting the next level. Tactics are similar to selling. 2.Conclusion: Classic strategy on reversal patterns ā if the model confirms, you can catch a good move.
CryptoQuant: long-term holders have sold ~815,000 $BTC over the last 30 days ā the largest selling since January 2024. With demand weakening, this is adding downward pressure on the market. #MarketPullback