By the end of the year, with an 85% probability, $ETH will drop below $1,000 per coin, and $BTC will test support and drift somewhere in the $35K–$50K range.
Miners will shut down capacity, the hashrate will fall, many altcoins will rug pull and go through delistings, and larger projects will cut staff.
Hard times are ahead.
If you have a long-term portfolio and you have the opportunity to sell it off with minimal loss and move into cash, consider it—this way you’ll preserve both your funds and your nerves.
Korean index $KORU TRD third time tests support (in this chart the history is cut off and this isn’t visible) and considering overall overheating in the stock market, there’s a chance of testing the subsequent minimums: 600-500-400 and so on.
In any case, buying LONG-TERM stocks and indices (any) NOW is like buying $BTC at 126.000 😔
I have one request for #Binance : please add currency pairs #forex to your toolkit. They are very lacking for a complete picture. Which pairs would I like to see?
No need for anything specific: eurusd gbpusd usdjpy audusd usdchf tryusd mxnusd plnusd chnusd etc... In other words, a set of the most common currencies against the US dollar.
I hope they will be available soon. Thank you in advance
This time I won’t say which coin I made my latest bet on. You can figure it out from the price if you know how to use search. Besides, I don’t want crypto hamsters to sniff it out and jinx the deal 🤣
A request to anyone who can guess what coin it is: DO NOT write its name in the comments. Especially since the trade might not even work out 🤑
Crypto noobs usually think like this: I'll buy some junk coin and quickly tell everyone about it so other fools will buy it too, and then the price will skyrocket and I'LL MAKE BANK.
But that's not how it works.
Let's consider this example: $LAB
The project is obviously a scam and manipulative, as ZachBTX pointed out from the start (in fact, 97% of them are like this). And despite its inflated market cap, it holds up BETTER than $BTC and $ETH .
I couldn't understand why it wasn’t being dumped. Most likely, the organizers of this pyramid KNOW how much they can rake in before dumping the token to zero. And that amount is NOT SATISFYING for them.
They're interested in maximum FUNDING. Yesterday, the price went up, a -2% fee kicked in for shorters, then it became regular, but it slightly deflated to -0.2%. Now they need to get the MAXIMUM NUMBER of noobs to jump into shorts, then the fees will rise to -1-2% every hour, and they can keep the price steady while raking in cash.
So personally, I’m NOT INTERESTED in my readers shorting #LABUSDT .
On the contrary, it’s more profitable for me if you buy this junk with all your cash! 😡
But my advice is this - steer clear of this project. It’ll be better that way 👍
Haven't been keeping an eye on the big players $BTC and $ETH lately, as I'm focusing more on altcoins - there's more volatility there right now.
The chart for digital gold is hinting at a possible retest of recent lows and testing the nearest support in the 48000-50000 range.
If that happens, altcoins will likely take a hit along with Ethereum... And this could go down in just a few days.
I think everyone has come to terms with this scenario a long time ago.
But I’m not ruling out that the 60000 level could provide support, although the odds are slim. It's those unlikely events in the markets that happen with surprising regularity, leaving seasoned analysts and traders scratching their heads 😵💫
Hey everyone. Today we’re in a MAXIMALLY UNCERTAIN situation with cryptocurrency. The flagship coins are under pressure, and altcoins are feeling it too.
In this scenario, I believe it's WISE to hold 2 positions:
- short $LAB #LABUSDT (check the position widget below 👇, the trade has ALREADY closed with profit); - long $ESPORTS #ESPORTSUSDT (this is relevant, get in at a price of 0.04-0.1)
I’m not using leverage. We need to minimize risk right now.
DYOR
Update: #esports has plummeted by 92%, blockchain data indicates a sell-off from DWF Labs.
Blockchain monitoring shows that five days before the crash, the address identified as “0x7Ef…C10dD” deposited approximately 19.9 million ESPORTS tokens, worth around 13.9 million dollars at the time, to the Kraken exchange address linked to DWF Labs. The funds in this wallet came directly from the official token distribution address.
During the crash, this same wallet was identified as one of the addresses responsible for executing a massive token sell-off on the blockchain, leading to the nearly complete collapse of the tokens.
DWF Labs has not publicly commented on these allegations.
Yesterday was a hectic day, things didn't go according to plan 🤦
I was betting on the FOMC that gold would pump, and the Japanese yen (I'm trading it on another exchange) would strengthen... Unfortunately, I was wrong, it happens.
So I had to quickly close ALL my trades on Binance and transfer funds to another platform where the mentioned positions were opened. I managed to sort things out there, and today I even made a profit on $H , bringing my funds back to Binance.
Project #humanity is showing signs of resilience after the hack. They created a new token to replace the compromised old one and with the support of exchanges, they recently migrated, distributing coins to their investors according to the balance snapshot at the time the project was attacked.
By the way, last night there was a wide spread between the futures price #HUSDT and the price $H on Alpha (0.15 and 0.22), so I went long on the futures and today closed the trade with profit (widget below the post). I'm still holding a long position on the coin - it has room to grow.
I also reinstated the long position on $SIREN , which I had to close yesterday. I still consider it very promising (see screenshot).
No, this isn't a scam ))) This is what all the coins look like on monthly timeframes 🤦
It's just that in the post-COVID years, the helicopter money from old man Biden has created financial bubbles and inflated altcoin market caps.
But I'm talking about something else. On the chart, the meme coin $WIF .
I have $SHIB in my portfolio, decided to buy some more and #WIFUSDT , since this dog tends to get pumped sometimes. Especially since it seems like now is the time to buy.
Also, for the long haul, I bought $SIREN , I believe this coin COULD give x10 (trade widget below the post 👇).