I have never invested in cryptos (in fact, I have never invested in anything, I am buying digital currencies as a form of diversification). What do you think of this portfolio? Any tips for someone who is just starting?
As a trader, having expectations is naturalāeven though the market moves on its own terms. However, experience plays a vital role in helping you navigate it steadily and capitalize on opportunities. Itās important not to attach emotional beliefs to any trade; instead, decisions should be grounded in market trends and probable developments.
This analysis focuses on XRP and serves to reinforce my earlier post, where I highlighted that the XRP chart still appears weak. It should be approached with caution to minimize the risk of significant losses.
General view of XRP
Iām seeing a clear Wyckoff distribution pattern forming on the bigger picture for XRP. The chart looks weak across both the higher and lower time frames. However, I prefer to highlight the daily time frame here, as it presents the setup in a way thatās easier for traders to understand compared to the othersā¬ļøš¼.
My expectations
If any bullish move does occur on the lower time frame, the $2.50ā$2.70 zone is a key area investors should closely watch for potential take-profit opportunities. However, this is not a call to trade XRP but to be careful due to its overall weakness. As Iāve shared before, my strategy as a spot trader is to avoid weak markets. XRP currently looks very fragile, and a major crash wouldnāt be surprising. Itās flashing multiple signals of a larger bearish move ahead, so investors need to proceed with extreme caution.
I will share a trade opportunities on 4Hour time frame at the end of this article so make sure you are paying attention
Target buy area
Iāve currently positioned myself to avoid noisy trading, which is why Iām focusing only on the $1.00ā$1.50 range. My buying interest starts around the $1.50 mark, but only if there are clear candle rejections supported by strong fundamentals. I always advise traders not to enter any zone blindly, no matter how strong it looks. Lately, weāve seen the market break through major zones without any reactionāand that should serve as a valuable lesson for all of us. Invalidation
Although I see a break above the $2.70ā$2.90 zone as highly unlikely, I still believe itās important to mentionāthis is the financial market, and new traders need to understand that anything is possible.
If the market does manage to break above the $2.70ā$2.90 zone, as shown on my screen, it would shift the bigger picture entirely. In that case, we would start looking for potential buying opportunities instead. $XRP
The spot trading opportunities now
On the 4-hour time frame, Iām spotting a potential retest of a head and shoulders pattern, which could lead to a short-term bullish move toward the $2.50ā$2.60 zone before a possible drop.
Note: This setup is on the 4H chart and goes somewhat against the broader trend, so extra caution is needed. If I do decide to trade it, this would be the short-term opportunity Iād considerābut only after seeing solid confirmations.
I might share the full trade setup in a new article on my page, so stay tuned.
Make sure to like, comment, and share, and donāt forget to follow me so you donāt miss any updates on potential short-term setups!
I don't want to FUD, but itās alarming. Iām not trying to discourage you from holding BTC, itās the only asset I hold for the very long term (8+ years). But I just discovered a major risk that every holder should know. As you know, Bitcoinās main strength must lie in its decentralization, but we're far from it! We donāt care about $BTC distribution; what matters is how decentralized the networkās computing power is. The key is to avoid a single actor gaining more than 51% of the networkās total hashrate. Thatās what we call the 51% attack risk, and itās the biggest threat to Bitcoin.
By analyzing the Coinbase transaction (the first transaction in every block), we can track who controls what part of the Bitcoin network. The miner inserts it and usually contains a unique tag that identifies the pool. This makes it easy to see which pool mined the block.
For example, Antpool uses the tag /AntPool/. By collecting this data, we can easily follow the share of blocks mined by each major pool. Results are scary: the top 5 mining pools mine over 80% of all blocks, meaning they control more than 80% of Bitcoinās total hashrate.
We can also measure centralization over time using the Mining Centralization Index, which shows how much hashrate is held by the top 2 to 6 pools. Satoshi envisioned a Bitcoin that would become more decentralized over time as adoption grew, but the opposite is happening.
Whatās even more concerning is that some smaller pools seem to use identical block templates to larger ones, suggesting the existence of proxy pools. For example, while Antpool officially holds around 20% of the network, its proxy pools push that number up to 30%.
Just by including Antpool and its proxies, the mining centralization index jumps from 85% to 96% of the hashrate being controlled by the top 6 pools. And thatās without even counting potential proxies for other major pools.
Bitcoin has gone through phases of better decentralization, like in 2017 or between 2017 and 2022. But since 2023, itās become increasingly centralized. That timing lines up closely with the beginning of Bitcoin ETF developments, probably not a coincidence.
Among the top 5 mining pools, 2 are based in the US and 3 in China. + US: Foundry and MARA Pool + China: Antpool, ViaBTC, and F2Pool That means the US controls over 40% of the Bitcoin network, and China 55%, with just 5 pools. Itās insane when you think about it.
In theory, these pools have no incentive to attack the network since their business depends on Bitcoinās success. But donāt forget, these are regulated companies. Their respective governments can pressure them to change things on the network if they want to.
Back in December, there was an incident where a transaction was censored in a block mined by F2Pool.
Itās hard to say whether this was intentional (e.g. sanction enforcement) or just a coincidence, but Bitcoin core developer Peter Todd doesnāt rule out censorship as a possibility.
But as I always say, every problem has a solution. Making Bitcoin more decentralized is a tough battle, a true David vs Goliath situation. Hereās what we can do: + Support smaller mining pools + Encourage large miners to go solo + Redirect hashrate to decentralized pools + Promote home mining, even on a small scale #BTCvsMarkets
Bull market mode: ON. These arenāt just coins ā theyāre rockets. 1. $XRP ā 30X 2. $CRV ā 20X 3. $FIS ā 10X 4. $GAlien ā 1000X 5. $AVAX ā 10X 6. $OM ā 8X 7. $BONK ā 40X 8. $BOME ā 50X 9. $STX ā 10X 10. $WIF ā 20X 11. $IMX ā 30X Now letās get real: I donāt know if $PEPE or $FLOKI will ever hit $1 ā But I do believe $GAlien can break $2. ā«ļø $PEPE: 420 trillion supply | Price: $0.00000840 ā«ļø $GAlien: 750 million supply | Price: $0.0000245 For $PEPE to hit $1, the market cap would need to hit $420 trillion. Thatās fantasy math ā especially when the entire crypto market cap is around $7T right now. So letās stay logical and early. How to Buy $GAlien: 1. Open Binance Wallet 2. Search āGAlienā 3. Click Buy (BNB Chain) Thatās it. Stay patient. Play the bull wisely. And never invest what you canāt afford to lose. GAlien believers, your time is coming. #BinanceAlphaAlert #MarketRebound
Do you know the answer??? š¹š¹š¹š¹š¹š¹š¹š¹š¹š¹š¹ #MarketRebound only smart people answer PLS, i alzo do follow for follow guys š stay tuned š love you all.
Elon Musk steps back from Dogecoin and the market is already reacting
Today, April 23, 2025, Elon Musk announced that he will reduce his involvement with Dogecoin (DOGE). The decision came after a weak quarter in Tesla's numbers ā and, of course, this has already started to affect the crypto market.
Why does this matter?
Elon Musk has always had a strong influence on the price of DOGE. Every time he comments, the market responds ā either up or down. Now that he has said he will take a step back, investors are feeling cautious.
Direct impact on Dogecoin: ⢠Current price: $0.178 ⢠High of the day: $0.185 ⢠Low: $0.175 ⢠Variation: slight increase, but the sentiment is one of uncertainty
And what about Tesla in all of this?
Despite the reduction in involvement with the crypto asset, Tesla's shares rose 5% in after-hours trading. The focus now, according to Musk, is to realign the company's priorities ā which may distance him a bit from the world of cryptocurrencies.
Quick conclusion:
The actions of public figures, like Elon Musk, carry real weight in the crypto market. When someone with such influence changes direction, prices react. Keeping an eye on this type of movement is just as important as monitoring charts and indicators.
#StopLossStrategies A stop-loss is like a seatbelt in crypto trading! š”ļø On volatile pairs like XRP/BTC or SOL/USDT, placing a stop-loss has already saved me from significant losses. The idea is simple: set a price where I automatically sell if the market plunges. On Binance, a stop-loss is super intuitive, and it allows me to trade with peace of mind. My opinion? Test with a percentage suitable for your strategy, like 5-10% below your purchase price. What are your techniques to secure your trades? Do you use stop-losses or other tools? Share your ideas! #StopLossStrategies
#BinanceEarnYieldArena Making your cryptos grow without stress is possible with Binance Earn! š I love exploring options like staking or savings accounts for pairs like BNB/BUSD or DOT/USDT. These tools allow for generating regular returns while keeping my assets under control. The best part? You can choose flexible or fixed durations according to our goals. Whether you are a beginner or a pro, Binance Earn is a perfect arena to maximize your passive gains. What Earn products do you use? And which crypto pairs bring you the most? Come share your experiences and tips! #BinanceEarnYieldArena
#CPI&JoblessClaimsWatch 1. For #CPI&JoblessClaimsWatch
Date: November 11, 2023
Inflation and employment data, such as the CPI or Jobless Claims, have a huge impact on the crypto market! š When these figures come out, pairs like BTC/USDT or ETH/USDT can experience drastic movements. For example, a rise in the CPI can push investors towards assets like Bitcoin for protection. My tip? Keep an eye on these economic announcements and adjust my positions. Binance is great for following news and trading quickly. Do you also monitor these data for your trades? Which crypto pair seems most sensitive to these numbers? Share your strategies! #CPI&JoblessClaimsWatch
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