Salatoshis

FINALLY #BITCOIN IS HEADING UP - WHY?

Finally Bitcoin is going for a reversal. There are a couple of major factors driving this upward direction.

1. DAILY FLOW BY BITCOIN EFTs

The graph below shows INFLOWS of Bitcoin ETF in the last 4 days. It has been positive. Each of the last 4 days shows big buys and accumulation of BTC. The last one being $73 million.

2. MINERS CAPITULATION

Miners have stopped or slowed down selling BITCOIN.

#HamstarKombat Hamster Kombat Will Apply For Guinness World Record - 200 Million members strong!

Please take some time to read the article from Cointelegraph and then decide for yourself if #HamsterKombat why this Telegram-based passive crypto mining game is taking the world by storm. First read the article then join Hamster Kombat.

Here is the article (cut and paste the link):

https://cointelegraph.com/news/hamster-kombat-guinness-world-record-200m-users

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Participate in the airdrop ... (cut and paste the link)
https://t.me/hamstEr_kombat_bot/start?startapp=kentId6246103269
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ANOTHER REASON WHY #BITCOIN IS DOWN - MT. GOX

I told you in my previous post today that the Bitcoin price dump was due to the German government dumping $300 million BTC last week.  They got over 50,000 BTC from a guy convicted  of criminal activity. 

But today, the Bitcoin crash is due to the incoming Mt. Gox $9 BILLION Bitcoin Distribution! This is a repayment plan that is scheduled to happen next July. 

According to Coindesk, Mt. Gox, the defunct crypto exchange is supposed to return over 140,000 bitcoin to victims of the 2014 hack. The repayments will be made in bitcoin and bitcoin cash, and could possibly add selling pressure to both markets.

In May, the exchange transferred more than 140,000 BTC valued at approximately $9 billion from cold wallets to an undisclosed address across 13 transactions, marking the first on-chain wallet movements in five years. According to CoinGecko data, Bitcoin prices fell from over $62,300 during early Asian trading to below $62,100 shortly after Mt. Gox's statement was released.

** This is not financial advise but for educational purposes only. Please DYOR. ***

WHAT IS CAUSING THE #BITCOIN DROP?

I suppose many are not aware of the real reason for the last few consecutive days of #Bitcoin drop. Do your research and you will find that the German government holds over $2.7 billion Bitcoin which was seized back in January. According to Arkham they sold about $300 million last week. What is very strange is that the German government did not sell OTC (over the counter) like Coinbase. Big liquidation like this would not affect much the price if sold OTC. But instead they sold on SPOT market like Binance. Hence that created the downward pressure on Bitcoin. This sudden drop also cause a bit of a panic to some BTC holders not aware of this fact. You also have Greyscale and Fidelity selling. But BlackRock is staying firm and holding on their stash of BTC.

PLEASE, DONT LET THIS GET YOU FUDed out!! FUD is Fear, Uncertainty, and Doubt. The biggest wealth building opportunity is in Bitcoin folks! Many have forgotten that only a few short months ago that 11 of the biggest asset managers including BlockRock, Greyscale, Fidelity and others have been approved for SPOT Bitcoin ETF. This is epic! These managers CAN'T sell ETF without the BTF in their portfolio! They are buying almost every week. Most are done OTC. But very soon there wont be anymore BTC to but from Coinbabse! They have no choice but to but retail via SPOT on crypto exchanges like Binance. This is a fact folks!! Just HODL and DCA.

Again dont get FUDed out !!

EXPECT #NOT COIN TO RISE - BITCOIN FALLING WEDGE PATTERN!

The Bitcoin chart shows a FALLING WEDGE pattern which is a bullish signal. As you know many cryptocurrency follows the price movement of Bitcoin. So is it a good time to pickup more #NOT and Bitcoin ? Im dollar cost averaging (DCA) every chance I get. But please do your own research and decide for yourself.

#NOT KEEPING STRONG DESPITE OVERALL WEAK MARKET!

The 1-HOUR chart shows #NOTcoin resilience in the past 4 days staying within a .0145 support and .016 resistance despite a 0.5% decline in the leading economic index in May plus Jobless claims stay near a 10-month high. Also there were major sellers of Bitcoin. The government of Germany has dumped over $600 million Bitcoin (they have over $3 billion). Bitcoin miners also contributed to the selloff. Miners are probably needing the cash to buy more mining hardware to keep up the demand since the Bitcoin halving event caused the release of Bitcoin to be cut in half from 900 to 450 Bitcoin per day! Now what is interesting is that the large 11 asset managers who have been approved for Bitcoin Spot ETF are not selling except for Fidelity and Grayscale. BlockRock and others are holding on to their Bitcoin.
Im still confident that #NOT will remain strong and will continue to rise as more as the 900 million Telegram users realize that projects like #NOT which runs on Telegrams's #TON network is here to stay.

#NOTCoin Will It Continue To Move Up?

The 1-hour chart shows that #NOT is trending up. However the price is at the top band of the Bollinger Band and Both MACD and RSI indicate overbought condition. The price could continue to go up but most likely there will be some profit taking and I expect the price to pull back. I will be a buyer soon.

#NOTCoin Continued To Go Below Support - Time To BUY More?

You can see from the same 15-Min Chart that i've been tracking and posting for the past 2 days, #NOT broke below the support. Is it time to buy? Well considering the unemployment report, the $300 million BTC liquidation, and pretty much the overall market has gone down along with many other cryptos, I think this is a good time to accumulate. NOTcoin is a long term hold for me so I might just do that. But this is not financial expert and this is not financial advise. Do Your Own Research (DYOR) please.

#NOTCoin NOTCoin Price Broke Support After BTC Holders Liquidated $300 Million Worth OF BTC.

The entire market actually got hammered today as $300 Million BTC long positions got liquidated. #NOTCoin was not an exception. For me this is a good time for me to buy more (DCA Dollar Cost Averaging). Ive been following this 15-Minute Chart for a few days. You can see how it broke down the Support but now rebounding.

#BTC Bitcoin Price Drops as Nearly $300 Million in Longs Liquidated

Bitcoin and other major cryptocurrencies took a sudden hit Friday afternoon, resulting in almost $300 million in liquidations within an hour. Bitcoin fell from over $71,000 to below $69,000, and Ethereum dropped from $3,800 to under $3,650. CoinGlass data shows $285 million in crypto long positions and $12 million in short positions were liquidated in the last hour. Over the past 24 hours, $399 million in longs and $47 million in shorts were liquidated. Both Bitcoin and Ethereum are starting to rebound.

GET FREE AIRDROP FROM THE LATEST PROJECTS ON #TON Network

Today Im reporting on the fast growing games on the TON chain/network. I will continue my coverage of NOTCoin on my next post.
As you know the TON Chain runs on Telegram with 900 million users. New projects or potential new coins will usually give free coins via Airdrop to those who participate and remain active on their ecosystem. This includes signing up and/or following on social media and playing the games. At some point the official registration of the coin will be announced and airdrop will take place shortly before the launch of their new coin. AIRDROPS are free but you have to know which projects/protocol are free. In other words you are not required to stake or deposit crypto to participate. Here are two of my favorites and they are announcing soon the official launch join now and start earning points and convert them to Airdrop Click on the link to learn and join this opportunity.

Send me your message at my Telegram @SALATOSHIS and I will send you a complete list and the invitation link because most require an invitation. Or click the link below:

Blum
t.me/BlumCryptoBot/app?startapp=ref_eGV8OZ5b9g

Hamster Combat
t.me/Hamster_kombat_bot/start?startapp=kentId6246103269

#NOT MAINTAINING SUPPORT AND READY TO CLIMB!

In my previous post I showed you the support and resistance of #NOTCoin on a 15-minute chart. Guess where it is today June 7th? Look at the updated chart. It is maintaining the support line of .0215 !! But what looks promising is the MACD histogram is about to cross upward indicating a buying trend. This is supported by the RSI as well. The price has hit the upper band of the bollinger band which could mean that it will go pass that upper band. If it crosses the upper band then the chance of the price continuing to go up is good specially with the support of the MACD and RSI. Let see what happens today.

IT IS A MATTER OF TIME NOW!

After close monitoring of trading volume and consolidation it is now obvious to me that majority of early sellers are gone. Hence #Notcoin is now maintaining a pretty tight support (0.0212) and resistance (0.218) on a 1-hour chart. It is now a matter of time for #NOTcoin to break the resistance and eventually break the ATH of .028. Not a bad time to DCA (dollar cost averaging).

POTENTIAL IMPACT OF #BITCOIN to #NOTCoin - Fidelity Confirms Bitcoin Could Hit $1 Million 

Fidelity Digital Assets just checked and agreed that Bitcoin might reach $1 million. They say Bitcoin could become more valuable than gold after 2024 because of something called the stock-to-flow ratio. Fidelity, a company that manages money, recently wrote a report looking into this idea created by someone called Plan B. They wanted to see why people are interested in Bitcoin.

In their report, Fidelity says Bitcoin is good for two main reasons. First, there's not much of it, so it's like a shield against losing value over time. Some big companies, like MicroStrategy, are buying Bitcoin to protect themselves from money losing value because of the government making too much of it.

Another reason Bitcoin is valuable is that there's only a limited amount of it, and nobody can change that. Also, nobody's in charge of how Bitcoin works, so it's hard for anyone to mess with it.

Even though not many people use Bitcoin yet, Fidelity thinks it's like when Facebook was starting out and had only a few users. Fidelity also thinks it's interesting that the Bitcoin supply got cut in half around the same time as the government started giving out a lot of money because of the pandemic.

They say Bitcoin is the second-best thing to invest in after gold because of the stock-to-flow ratio. This ratio looks at how hard it is to make more of something compared to what's already out there. Gold has always been good at holding its value over time, and now Bitcoin is becoming just as good, especially since it's harder to make more of it after the recent halving.

So, Fidelity thinks Bitcoin could be a big deal in the future, maybe even more valuable than gold.

IMPACT OF BITCOIN PRICE TO NOTCOIN 
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The validation of Bitcoin's potential to reach $1 million by Fidelity Digital Assets could influence the sentiment of over 900 Telegram users...... TO CONTINUE READ THIS IN MY ARTICLE.

#NOTCoin ANOTHER CONSOLIDATION BEFORE BREAKING 0.26?

On a 15-minite chart, it looks like #NOT is trading sideways, consolidation before the next leg up? Could be. Resistance is at about .0235 and resistance at .0264. Both MACD and RSI is signaling a downward move on the price and perhaps bounce back up when it hits the resistance line.

Let see in the next 2-3 hours.

#NOTCoinBull Flag was right on!

I shared with you yesterday the formation of the bull flag on the 15-minute chart. Sure enough #NOT did surge to about .026 (at 12:45am PST) before some profit taking pulling it back a bit to 0.23 and then at 8:30am PST today climb up again to .025 then slight profit taking so we are at 0.24 (9:30am PST). This is healthy guys !! See the chart below. Based on Bollinger Band and MACD we could head down further and bounce back at support of 0.23. Let watch and see how #NOTCoin performs today.

#NOTCoin .. LIVE FEED - WATCH NOW.

Notcoin NOT new ATH ! Notcoin will hit $1 in next week! Notcoin NOT NEWS

https://youtu.be/cdiJjBxSXy8

HERE IS WHAT CHATGPT SAYS ABOUT #NOTCoin

Market Consensus on Notcoin (NOT) Price

According to Chatgpt, the market sentiment around Notcoin (NOT) is generally bullish, with many expecting a significant price increase in the near future.

Current Performance and Short-Term Predictions: Notcoin has shown impressive growth since its launch, experiencing substantial gains in recent months. For instance, projections for June 2024 suggest that NOT could reach as high as $0.031981, marking a 51.91% increase​ (CoinCodex)​.

Analysts forecast that if the current bullish trend continues, NOT could potentially reach $0.1 by mid-2024 and has a long-term target of hitting $1 by 2048​ (CoinCodex)​.

Positive Market Indicators: The general sentiment remains positive, supported by high trading volumes and increased adoption. Notcoin's technical indicators, such as the Relative Strength Index (RSI) and Moving Averages, are currently showing bullish signals​ (BeInCrypto)​.

Furthermore, the Fear & Greed Index for Notcoin indicates a "Greed" sentiment, suggesting that investor confidence is high​ (CoinCodex)​.

Community and Exchange Support: Notcoin has a strong community presence, particularly on Telegram, and is supported by several major cryptocurrency exchanges like Binance and KuCoin. This broad exchange support and active community engagement contribute to its bullish outlook​ (BeInCrypto)​​ (Cryptonews)​.

Long-Term Outlook: While the immediate future looks promising, with some predictions suggesting a price range of $0.021052 to $0.104905 for the next year, the long-term outlook for Notcoin remains highly positive. By 2030, Notcoin could potentially see prices ranging between $0.059229 and $0.096035, driven by continued adoption and market expansion​ (Cryptonews)​​ (CoinCodex)​.

Overall, the market consensus suggests that Notcoin is expected to continue its upward trajectory, with many investors and analysts bullish on its future prospects. However, as with any investment, it's important to stay informed and consider the inherent risks in the crypto market.