Normally, when $BTC makes a high, alt coins follow. However, it is important that there is some consolidation.
A stable BTC is what unlocks liquidity for altcoins, as traders rotate profits and the BTC dominance starts to decline. Without that pause, the focus stays on Bitcoin, leaving alts struggling to gain traction. The real moves in altcoins come when Bitcoin cools off and the market finds its balance. Timing is everything.
I just entered a trade based on your opinion. Thank you. I have set a trailing stop. We learn everyday.
CRYPTO MECHANIC
--
We are in a bull market. You may have a streak of winning trades and your analysis will work out so perfectly. But Remember that I'm not a genius, neither are you. We are just in easy conditions and eventually the market will turn around, You don't even have to be good at trading to nail these trades just go with the trend and you will make money.
If this is your first cycle, one thing I can tell you is you will have to pay your tuition to the market and it will be costly. Most of us will give back our bull market gains.
The best I can do is make educated guesses of where we are going. I still make mistakes daily. So take anything I say with a grain of salt. I just try to do the best I can and I will still mess up and hope I don't repeat them
At some point I'm going to get a lot wrong, like many others. Just try to learn as much as you can.
Here Are 4 Altcoins Youāll Regret Not Holding In This Crypto Bull Run
A recent article highlights four altcoins that could potentially bring significant returns during the current crypto bull run. Here's a brief overview of each altcoin:
1. Lunex (LNEX)
- Current Price: Around $0.08 - Predicted Price Increase: 500% - 1000% in the next few months - Use Case: Lunex is a decentralized, open-source blockchain platform that focuses on providing fast, secure, and low-cost transactions.
2. Render (RNDR)
- Current Price: Around $1.83 - Predicted Price Increase: 200% - 500% in the next few months - Use Case: Render is a blockchain-based rendering platform that allows users to rent out their GPU power for rendering tasks.
3. BlockDAG (BDAG)
- Current Price: Around $0.01 - Predicted Price Increase: 1000% - 2000% in the next few months - Use Case: BlockDAG is a cryptocurrency that utilizes a unique DAG (Directed Acyclic Graph) architecture, which could provide faster and more secure transactions.
4. Sui (SUI)
- Current Price: Around $0.23 - Predicted Price Increase: 300% - 600% in the next few months - Use Case: Sui is a decentralized, open-source blockchain platform that focuses on providing a fast, secure, and scalable infrastructure for building decentralized applications (dApps).
While these predictions are promising, it's essential to remember that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. These predictions should not be taken as investment advice, and it's crucial to conduct thorough research and consider multiple factors before making any investment decisions. $SUI
The US elections will likely affect the world markets including crypto, whether one likes it or not. So I wouldnāt advise anyone to take unnecessary risk.
The stock market was generally down yesterday even though the poster child of the AI revolution #Nvidia posted better than expected results in their quarterly earnings.
Apparently, their success failed to impress investors. The stock market has started behaving more like crypto and crypto with their patient trades is becoming more like the stock markets. š
The 62000 level broke and the price has plummeted to the 58000 zone which I believe is the support level where there are a lot of buyers. It has bounced back quickly just like the last time.
The 62,000 level is critical for any further upside, IMO. If it stays above this level even if there is some sideways movement I think more buyers will push the price up.
Binance Labs Invests in Four Leading Projects from BNB Chain's MVB Season 7
BNB Chainās Most Valuable Builder (MVB) Program, renowned for its rigorous selection process, continues to spotlight and support exceptional Web3 innovators. In Season 7, the program attracted over 700 applications, with a highly selective acceptance rate of less than 2%. This season, 13 standout teams were chosen for their extraordinary contributions to the Web3 space, and Binance Labs has invested in four of these top-performing projects.The MVB Accelerator Program offers a comprehensive curriculum tailored to the needs of early-stage Web3 projects. Participants benefit from personalized mentorship from experts at BNB Chain, CMC Labs, and Binance Labs. They also gain insights from successful founders through fireside chats and access to the BNB Chain Launch-as-a-Service (LaaS) package, which provides infrastructure, security, treasury management, business growth, and marketing support valued at up to $300,000.MVB Program Success: Over 700 applications were submitted, with less than 2% accepted.Selected Projects: Binance Labs invested in Aggregata, Opinion Labs, SideKick, and Vooi, recognizing their innovation in the Web3 space.Binance Labsā Investments in Season 7 ProjectsFollowing a rigorous evaluation process, Binance Labs has announced its investment in the following four projects, recognizing their high potential and commitment to advancing the Web3 ecosystem:Aggregata: A unified platform that integrates AI data, models, and computing into a seamless, one-stop solution.Opinion Labs: A dynamic platform for opinion and continuous prediction markets.SideKick: A consolidation hub for social interactions, games, and beyond.Vooi: A cross-chain perpetual DEX aggregator supporting both EVM and non-EVM chains.
š Mastering Chart Patterns: The Key to Successful Trading! š
No matter which chart pattern you study, remember this: recognizing breakouts is where the real magic happens! ⨠Understanding patterns is just the first step; itās the ability to identify those pivotal breakout moments that can turn your insights into profits. š° Stay vigilant, keep learning, and watch your trading skills soar! š #TradingTips #ChartPatterns #Breakout #InvestSmart #FinancialFreedom
Yes broader market sentiments, rate cuts, inflation data are important. However, past price movements cannot be neglected either. If a price has bounced (reversed) at an area then the chances of doing it again are always there. Take these price actions when deciding to enter or exit a trade.
Example $BTC price has been dropping on a daily basis but could find support at the 62,000 area.