Laeeqmujahid
Open Trade
High-Frequency Trader
4.5 Years
trying to learn and teach
9 Following
11 Followers
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Bitcoin Price Action: A Volatile Landscape*
Yesterday, Bitcoin's price oscillated between a high of $84,751 and a low of $81,150, reflecting the ongoing volatility in the market. Currently, the cryptocurrency continues to fluctuate within the $80,000-$85,000 range, as investors and traders navigate the uncertain terrain.
*Downward Trend Persists in Major Cryptocurrencies*
A closer examination of the market reveals that Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) – the three leading cryptocurrencies – have all established a clear downward trend. This bearish momentum has resulted in a weakening of the overall market's bullish strength, indicating a potential continuation of the downturn.
*Market Outlook: Rebound and Correction Before Further Decline*
In light of these developments, the judgment that the market will experience a rebound and correction before continuing to decline remains intact. This suggests that investors should be prepared for a potential short-term recovery, followed by a resumption of the downward trend.
*Technical Analysis: Next Support Level*
From a technical perspective, the daily chart reveals that the lowest correction price of $82,716.49 has been broken again. Consequently, the next support level is expected to emerge near the Fibonacci 0.5 level, which is approximately $78,670. This level may serve as a crucial pivot point, influencing the future direction of the market.
In summary, the current market analysis suggests that Bitcoin and other major cryptocurrencies are likely to continue their downward trend, with a potential rebound and correction before further decline. Investors should remain vigilant and adapt to the evolving market landscape.
Yesterday, Bitcoin's price oscillated between a high of $84,751 and a low of $81,150, reflecting the ongoing volatility in the market. Currently, the cryptocurrency continues to fluctuate within the $80,000-$85,000 range, as investors and traders navigate the uncertain terrain.
*Downward Trend Persists in Major Cryptocurrencies*
A closer examination of the market reveals that Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) – the three leading cryptocurrencies – have all established a clear downward trend. This bearish momentum has resulted in a weakening of the overall market's bullish strength, indicating a potential continuation of the downturn.
*Market Outlook: Rebound and Correction Before Further Decline*
In light of these developments, the judgment that the market will experience a rebound and correction before continuing to decline remains intact. This suggests that investors should be prepared for a potential short-term recovery, followed by a resumption of the downward trend.
*Technical Analysis: Next Support Level*
From a technical perspective, the daily chart reveals that the lowest correction price of $82,716.49 has been broken again. Consequently, the next support level is expected to emerge near the Fibonacci 0.5 level, which is approximately $78,670. This level may serve as a crucial pivot point, influencing the future direction of the market.
In summary, the current market analysis suggests that Bitcoin and other major cryptocurrencies are likely to continue their downward trend, with a potential rebound and correction before further decline. Investors should remain vigilant and adapt to the evolving market landscape.
The PAWS Project: Expectations and Predictions
PAWS, a widely popular project, launched on Telegram in late 2024, attracting tens of millions of users. After Telegram removed the app due to rule violations, the project shifted to Discord and its website.
Initially, users received free tokens for participating in past airdrops and completing tasks like subscribing to partner channels and liking posts. A distribution checker was later introduced, but some users were disqualified, suspected of being bots. This move benefited honest users, allowing them to receive more coins.
Those who invested in wPaws and badges received the most coins, while others received tens of thousands of tokens. Initially, PAWS planned to launch on the TON network but switched to SOL.
Predicting the token's price is challenging, but possible prices based on capitalization are:
- $0.002 with a $100M capitalization
- $0.004 with a $200M capitalization
- $0.01 with a $500M capitalization
Given the current market conditions, a capitalization above $400,000 is possible only with strong support and listings on top exchanges. The project has confirmed a listing on Bybit, and a potential listing on Binance could ensure a successful launch.
Voucher prices have fluctuated, initially around $15 (with SOL at $200) and now significantly lower. Calculating the token's value based on voucher prices yields:
- 1 PAWS token ≈ $0.0017 (based on $15 voucher price)
- 100,000 PAWS tokens ≈ $170
While voucher prices are not a reliable indicator, the listing price might exceed voucher prices, considering the project's strong team and support.
The listing date is expected to be in March, with a possible announcement or TGE on March 18.
Investors should maintain realistic expectations, and the author believes the project has potential for success, hoping for a listing price that will allow them to recoup their $300 investment.
#paws_listing
#telegramMining
#PAWS
PAWS, a widely popular project, launched on Telegram in late 2024, attracting tens of millions of users. After Telegram removed the app due to rule violations, the project shifted to Discord and its website.
Initially, users received free tokens for participating in past airdrops and completing tasks like subscribing to partner channels and liking posts. A distribution checker was later introduced, but some users were disqualified, suspected of being bots. This move benefited honest users, allowing them to receive more coins.
Those who invested in wPaws and badges received the most coins, while others received tens of thousands of tokens. Initially, PAWS planned to launch on the TON network but switched to SOL.
Predicting the token's price is challenging, but possible prices based on capitalization are:
- $0.002 with a $100M capitalization
- $0.004 with a $200M capitalization
- $0.01 with a $500M capitalization
Given the current market conditions, a capitalization above $400,000 is possible only with strong support and listings on top exchanges. The project has confirmed a listing on Bybit, and a potential listing on Binance could ensure a successful launch.
Voucher prices have fluctuated, initially around $15 (with SOL at $200) and now significantly lower. Calculating the token's value based on voucher prices yields:
- 1 PAWS token ≈ $0.0017 (based on $15 voucher price)
- 100,000 PAWS tokens ≈ $170
While voucher prices are not a reliable indicator, the listing price might exceed voucher prices, considering the project's strong team and support.
The listing date is expected to be in March, with a possible announcement or TGE on March 18.
Investors should maintain realistic expectations, and the author believes the project has potential for success, hoping for a listing price that will allow them to recoup their $300 investment.
#paws_listing
#telegramMining
#PAWS
#TradersBoolcamp #MovingAverages #MACD #MACDStrategies #Volume
Alright, traders, let's talk about the holy trinity of technical analysis:
1) Moving Averages
2) MACD
3) Volume
These tools, when used in conjunction, can provide powerful insights into market trends and potential trading opportunities.
First, Moving Averages smooth out price action, helping us identify trends and potential support/resistance levels. Whether you prefer simple or exponential moving averages, they're essential for visualizing the overall direction of the market.
Next, the MACD (Moving Average Convergence Divergence) indicator is a momentum oscillator that can signal potential trend reversals and identify overbought/oversold conditions. Watch for crossovers and divergences to confirm your trading decisions.
And finally, don't underestimate the power of Volume. It confirms the strength of a trend and can highlight potential breakouts or breakdowns. High volume during a breakout suggests strong conviction, while low volume might indicate a false move.
Remember, no indicator is foolproof, but by combining these three, you can significantly improve your trading strategy. Practice, backtest, and refine your approach to find what works best for you. What's your favorite way to use these indicators?
Share your insights below! #TradersBootcamp
Alright, traders, let's talk about the holy trinity of technical analysis:
1) Moving Averages
2) MACD
3) Volume
These tools, when used in conjunction, can provide powerful insights into market trends and potential trading opportunities.
First, Moving Averages smooth out price action, helping us identify trends and potential support/resistance levels. Whether you prefer simple or exponential moving averages, they're essential for visualizing the overall direction of the market.
Next, the MACD (Moving Average Convergence Divergence) indicator is a momentum oscillator that can signal potential trend reversals and identify overbought/oversold conditions. Watch for crossovers and divergences to confirm your trading decisions.
And finally, don't underestimate the power of Volume. It confirms the strength of a trend and can highlight potential breakouts or breakdowns. High volume during a breakout suggests strong conviction, while low volume might indicate a false move.
Remember, no indicator is foolproof, but by combining these three, you can significantly improve your trading strategy. Practice, backtest, and refine your approach to find what works best for you. What's your favorite way to use these indicators?
Share your insights below! #TradersBootcamp
$BTC
The recent price action of Bitcoin (BTC) has been highly encouraging, with the cryptocurrency bouncing perfectly off the EMA 100 and EMA 200. This move has also seen BTC reclaim its position above the diagonal support line established on August 15th.If BTC can maintain its position above this support line in the next 4-hour candle, it is likely to retest the EMA 5 and EMA 21, currently situated at $62,300 and $62,900 respectively. A successful closing above these EMAs in the next 4-hour candle would suggest a potential capture of liquidity at the $65,000 to $66,000 level and beyond.Notably, there has been no negative news to trigger a price dump, indicating that the current price action is merely a testing and retesting of the August 23rd breakout. This suggests that the market is consolidating and preparing for a potential move higher.Overall, the technical indicators are aligning in favor of a bullish move, and traders should be prepared for a potential upside breakout in the near term.
#CryptoMarketMoves #LowestCPI2021 #TelegramCEO
The recent price action of Bitcoin (BTC) has been highly encouraging, with the cryptocurrency bouncing perfectly off the EMA 100 and EMA 200. This move has also seen BTC reclaim its position above the diagonal support line established on August 15th.If BTC can maintain its position above this support line in the next 4-hour candle, it is likely to retest the EMA 5 and EMA 21, currently situated at $62,300 and $62,900 respectively. A successful closing above these EMAs in the next 4-hour candle would suggest a potential capture of liquidity at the $65,000 to $66,000 level and beyond.Notably, there has been no negative news to trigger a price dump, indicating that the current price action is merely a testing and retesting of the August 23rd breakout. This suggests that the market is consolidating and preparing for a potential move higher.Overall, the technical indicators are aligning in favor of a bullish move, and traders should be prepared for a potential upside breakout in the near term.
#CryptoMarketMoves #LowestCPI2021 #TelegramCEO
Ethereum fails to tag our S3 level at 2695 currently, and is fighting for momentum at the 2720 price point. It is significant to us as well as many others, and it is evident with how much we trade here and chop between this level. Realistically, a reclaim of 2720 from here would be the trigger to go long with the volume oscillator exhausted the way it is. But, with higher dominance and no sign of drawdown, it is difficult to expect the outperformance on Ethereum here.
I don't think the S3 level makes much sense anymore, given the indecision on 2720. A reclaim or loss from this price point would invalidate other points of interest next to it. I see this as the level to long from if you're bullish on Ethereum, which I don't think makes much sense for me on the intra-day. High dominance means I play Bitcoin as a priority major.
I would invalidate the 2695 idea today, as visiting here after fighting at the 2720 level would be considered bad for me. Either 2720 is reclaimed and triggers a long, or we sit out for the day.
Of course things can change quickly with this tight price point, so Pivot + 200EMA is always to be considered if by any chance this is re-visited in a short time.
Funding 0.004 and predicted 0.01.
I don't think the S3 level makes much sense anymore, given the indecision on 2720. A reclaim or loss from this price point would invalidate other points of interest next to it. I see this as the level to long from if you're bullish on Ethereum, which I don't think makes much sense for me on the intra-day. High dominance means I play Bitcoin as a priority major.
I would invalidate the 2695 idea today, as visiting here after fighting at the 2720 level would be considered bad for me. Either 2720 is reclaimed and triggers a long, or we sit out for the day.
Of course things can change quickly with this tight price point, so Pivot + 200EMA is always to be considered if by any chance this is re-visited in a short time.
Funding 0.004 and predicted 0.01.
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