$BTC in a zone of resistance after losing the top of 111 thousand dollars, altcoins bleeding... If you lost money thinking that the rise would be infinite, pay attention to how cruel the mathematics of percentages is.
Trumph will impose tariffs of 50% on imports from the European Union, the tariffs will take effect on June 1st. What can we expect from this? - retaliation from the European Union. - a weaker dollar. - a decline in the S&P 500. - FED delaying the interest rate cut. - FED delaying the QT. - a discouraged crypto market. Remember, the crypto market is a high-risk market and large investors only have an appetite for risk when access to money is easy, and money is only easy when the global market provides favorable conditions for it.
$USUAL is forming an accumulation pattern, which indicates an explosive rise ahead, stay alert, when the RWA sector wakes up, it will be one of the big names.
$BTC in the ATH zone with a lot of resistance, $ETH losing strength after a sharp rise, 4-hour RSI falling in major cryptocurrencies, stablecoins receiving capital flow and sentiment of optimism at 73%, all these factors indicate that a correction will occur soon. I imagine BTC at 95k and ETH at 2k again, with that, I sold ENA and intend to buy back at 0.27 or 0.30. Remember, the market does not rise in a straight line.
Yes, I sold $ENA . After buying at 0.25, I sold at 0.365. Reason? $BTC e $ETH which are the market's north, show overbought conditions and this, along with a sudden leap of optimism, indicates that we will have a correction, or in the worst case, a reversal. I will return to ENA at 0.30 if the market shows itself healthy.
I am very happy with this upward trend we are experiencing, especially for having bought $ENA at $0.25, seeing it at $0.35 is very satisfying. However, I cannot deny that in times of extreme greed we must be aware of possible drops, as it is at this moment that the market begins to correct or, in the worst case, reverse. Am I saying to panic and sell everything? Absolutely not, I'm just saying to be careful; in my case, I have already placed a stop loss on ENA at 0.32, if it falls below that, I will keep my profit!
No $BTC o RSI showing overbought and the 4-hour chart printing a shooting star on its last candle, if this doesn't bring us back to 95k or even below that, I will change my name.
Yes, folks. The market does not rise in a straight line and the $BTC will not break 100k before going back to 95k. Tomorrow we will have data and economic decisions, which guarantees us high volatility hours before the FED press conference, after which the market will make its decision whether to break 100k or not, but for now we will return to 95k
Considering that tomorrow is a day for data and economic decisions, I believe that BTC will not exceed 100k and at some point between today and tomorrow it will return to 95k before executing its next move. If it goes above 100k, altcoins will explode, especially in DeFi and AI. If it goes below 95k, it's downhill from there and we will see altcoins bleeding even more.
$BTC reached the support of 75 thousand dollars. $ETH reached the support of 1500 dollars. $SOL reached the support of 100 dollars. Yes, friends, we are in a sales exhaustion and this means that in the short term we will have a bullish wave, but don't believe that the rise will be infinite, take advantage before it happens.
Today that many sold, I decided to buy. With Ethereum at 1,536 dollars, my intention is to sell at 1,800, if it goes well I will come back here to say $ETH
Currently, USUAL has a total of 4 billion tokens, of which only 494 million are unlocked. This tells us that exactly 12.37% of the tokens are in circulation during this pre-market period.
Right after the official launch of a coin, that is, right after the end of the pre-market, it is usual for there to be a considerable unlocking of tokens.
But what is the problem with this? The problem is that the tokens depreciate to the same extent as the unlocking took place, but it doesn't stop there, the buying users are scared by the sudden drop and start selling even more, that is, wait for more drops in $USUAL before there is actually a possible rise. All those who bought in a hurry in the first second of the pre-market are now at a loss of at least 40%, after all they believed that the rise would be immediate and huge, when in truth it was not. And for those who still have the token, know that the period of declines is only beginning, refuse to believe it and see for yourself what an unlock is capable of doing.
$BTC and the psychological effect of 100K. With each passing day, BTC gets closer and closer to 100k, but what happens after that? Well, there are two possible scenarios: • In the first, countless people who bought at lower prices execute sell orders, forcing a short-term drop not only in BTC, but also in the vast majority of altcoins. • In the second, countless people are caught up in the euphoria and buy more and more, the media reports the record price and this attracts countless new buyers, forcing the price even higher. In the midst of all this, what do I think? I think it's safer to wait and see how the market reacts, after all, if it goes up, we'll have time to profit from the rise that doesn't end in a second, on the contrary, it lasts for weeks. Something that corroborates my view are the countless sell orders present in the 100k range acting as downward pressure. Look at the following graph, 76% of vanda orders are from 100k:
People, stop fooling yourselves, absolutely no one made a profit with USUAL, not in the first second and not now. That 2300% percentage was a bug that ALWAYS happens on Binance during pre-markets. Doubt me? Check the $USUAL chart on any other crypto tool and you will see that it has already fallen 40% and I say that it will fall even more at the official launch.
I see everyone here on the forum talking about $USUAL , the project is at least interesting given that it deals with RWA and DeFi. Furthermore, if we consider the last 3 Binance launches, we have seen increases of at least 200% within days. But if we consider that since the beginning of the year all Binance launchpools have fallen by at least 50%, this reveals a worrying fact. In my opinion, it is worth investing in USUAL, but at the current moment it is too much of a risk given the history of Binance launches. In other words, if I decide to invest in the project, I will do so at a more opportune time, such as in December right after the FED meeting, for example.
The current boom in meme coins, especially those featuring dogs such as Doge, Dogs, Neiro and Shiba, is notable, but what about Floki? As of today, Floki is trading at 0.0001487 cents and its market capitalization is 1.44 billion. $Floki has been going through a bearish period in recent months and, upon reaching a support level, began to capitulate between the 0.00011 and 0.00016 ranges. On November 28, we will have a launch that will bring notoriety to $Floki in the midst of the altcoin season that is already approaching. We have Bitcoin at its current dominance level of 57% and this number appears to be steadily falling.