Twitter is beginning to actively compare the recent decline of Bitcoin with the "coronodump" of 2020.
Allegedly, all the worst has already happened in the markets and then only the natives..
Be Reasonable!!! Then Bitcoin was dropped by more than 50%. And eliminated margin positions even up to 1.5X leverage. All this suggests that for now we are waiting for several months of flat and positive. BUT THE FINAL STRAIT IS STILL AHEAD. Good hunting!!! #BTC
They hit exactly the dynamic trend line.I believe that the bottom has been passed and this was the first incoming wave of a new trend starting from June 2023.The graph also speaks in favor of the theory Total3 The conservative goal is at least to update the high of the last cycle of 23%. The standard target for the new cycle is 28%. #AltcoinStrategies
We saw the 0.5 correction level. The question is whether we will see the development of the 0.61 level. I think so. I posted my thoughts on the market earlier in this article #BTC
Unexpectedly, they quickly came to the buyer's block. And they even broke through a dynamic trend line on the impulse. I think this is a good opportunity to start building a portfolio with a ladder ON the SPOT. I have recently designated the buyer's zones in this article
-In this article, I want to raise the topic of cheating with memcoins.
-The whole scheme is based on the fact that an ordinary crypto user will not delve into where all these coins originate from. It's enough for people to see a coin grow by thousands of percent in a matter of hours. And to dream about how one could get rich by buying literally for a negligible amount. - You will never be able to buy this coin at the very beginning at the bottom. And now I'll explain why. -To buy a newly created coin, you need to know its smart contract.Having a smart contract, you will be able to make a swap on the Dex exchange because this coin will never appear on centralized exchanges. The exceptions are the units. -But as a rule, you only find out about her when she has already made thousands of percent. And when bloggers on Twitter and telegram channels start shouting that a new rocket has appeared, in fact, distribution is already underway and only the very first ones will catch a couple of X's. And then if they manage to sell it. -How does it all happen? - For example, a newly created wallet creates a coin worth a total of 100 billion. He then creates a pool with a small number of liquid coins and a full number of newly created coins. Burns the liquidity tokens, and his role ends. -Then a couple dozen wallets start making swaps for small amounts so as not to disperse the coin rate in advance.These wallets will subsequently be whales that will be advertised with might and main as buyers who expect great growth.In fact, they will act as arbitrage bots that add coins to the pool and withdraw liquidity from it, equalizing the price.After the required number of coins is collected, the course begins to accelerate with several large purchases. -Naturally, all this is done by one small group of people. Everyone has their own role. Someone creates a coin and writes scripts. And someone is engaged in luring the public. After all, it is necessary that as many people as possible learn about this new Rocket that will enrich them. But in fact, they will be left with useless coins in their wallets.
-And what do we have in the end?
-A coin that doesn't seem to have a master. Locked liquidity. The purchased whales are waiting for the crypto boom. ----WE NEED TO BUY!!!!-----
-But naturally, no one will delve into where the legs of this story grow from. And it always ends the same way. Thousands of buyers with a coin that can fall indefinitely. Until the Liquidity Pool is completely emptied.
-The article turned out to be long and a little messy, but I described the main points. And this is one of the many schemes that scammers use.
-In my next article, I will give an example on a real coin with real screenshots and wallets. I think it will be much clearer this way.
- The historical chart of dominance , it also reflects trends within the market capitalization. This is a priority schedule for altcoin holders.
-The chart has a 9-year trend history and globally it can be structured into a single downward trend channel, where its dynamic levels are the main benchmarks. -The most interesting thing is the level of 57.5-60%, this is just the same dynamic milestone of the monthly scale, from there I expect a reversal of the BTC dominance down.
- Starting from November 2022, the trend is exclusively bitcoin, new money goes only to BTC, new altcoins (market bubbles) do not change this picture in any way due to the negligible share of dominance at the moment.
-I think that from the 57.5-60% zone, the current trend will be scrapped and money will begin to flow into altcoins, mainly pumping pairs to BTC, which will directly affect pairs to USDT. - Technically, I have displayed it on the graph, as I personally understand it. -Conservative estimate: a reversal from the 57-60% zone to the 40% area, which will give a 70-80% recovery from ATH to altcoins in 2021, and the difference will go into pumping for new bubbles. -Logarithmic estimate: movement to the area of 25% is mainly due to the maximum goals for eth, bnb and USDT emissions.
- The bear market in BNB was completed in a "wedge", where the final wave of decline took a truncated form (flat bottom), which is always less likely, but at the same time it always speaks indirectly about the strength of the asset. - The price has overcome the dynamic wedge/bear market level, the de facto global downtrend is broken.
Approximate price movement vector (globally) it is indicated on the graph. The conservative target is 950-1000. The standard target is 1400-1500 per coin
BNB was the strongest asset in the Bear Market, literally falling less in percentage terms than BTC, not to mention other assets.Based on this, it can be assumed that he will fulfill at least the standard goals.
When will altcoins go? - The second driving wave of correction (current), from March, originates from 719 billion. - - The estimated end of this movement is the buyer's block [533-505 billion] - If I am right in my reasoning, then at the moment the final part of the decline is underway, after which, in my opinion, the trend will continue.
In favor of this theory, it also says that the dominance of bitcoin has almost reached its goal of 58-60%. After that, we can already expect more distinct movements on altcoins.
Contrary to popular opinion, I am sure that the goal of domination is not 57%, but the next resistance level is 59-60%. From where the correction of the main trend will already begin and altcoins will finally be able to breathe more freely.
I will devote my next post to the most ambiguous and unpredictable in my opinion BNB coin
Hello everyone I wanted to dedicate my first post to the most exciting topics of Bitcoin and altcoins. And although I have been dealing with cryptocurrency for several years now, this is the first time I am writing on this topic. Why? Probably, over time, everyone has a desire to share their vision of the market. After all, there are so many people and opinions. And I decided to express my opinion and do not judge strictly))) So Bitcoin. The main asset of the crypto market has been locked in the channel for several months.And the first target in this channel is the support level at 60,500. This is one time.
And after a good bull run, we still did not see a clear correction. That 's two.
Therefore, I think that before this giant flag that will launch bitcoin to the moon is worked out, we will still see fibonacci working out at the levels of 49,000 and even 44,000.These are the thoughts. And I think this fits into the framework of a healthy correction. After testing the flag, we will be able to predict the goals only after the correction is completed. In the second part, I will present my thoughts on altcoins. Where I see the end of the correction and my forecast for the BNB coin. Good hunting!!!