❗ WATCH OUT 👎 SCAMS & WORST Crypto's for 2023Hi Traders, Investors and Speculators of Charts📈📉
Many of these projects might come as a shock and be disappointing.
As the markets evolved and crypto regulation has taken a more prominent stance; scammers have had to become smarter. The latest trend seems to be a rug pull and then just let the rest of the project's liquidity bleed out. In other words, remain borderline active as they drain more and more funds over a longer time.
Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves. When it comes to cryptocurrencies, one of the biggest challenges for investors is not getting caught up in the hype. Digital currencies have quickly risen to prominence in the portfolios of many retail and institutional investors. At the same time, people are still shocked when something like LUNAUSDT / TERRA happens.
📛 C+CHARGE / CCHG USDT 📛
Initially, the fundamentals sounded noble. But after some research, most members of the team are unverified and there has been no real project activity since late 2022. Apart from this, a coin that loses near 100% is ALWAYS a bad sign and indicates a rugpull, more than anything else.
📛 LUNC As seen on the chart / Terra Classic 📛
A noble rescue at first... TerraClassic community continues to create social media buzz based on the idea that brokerages listing LUNC will implement a burn tax that'll reduce the max supply of close to 6.9 trillion tokens. But even burning billions of coins won't have an impact with a max token supply this large.
The bigger problem is that TerraClassicUSD has de-pegged and its native coin Terra Classic no longer serves any purpose. With all blockchain work now revolving around the new Terra, Terra Classic and TerraClassicUSD are shell investments, with nothing to back their value.
📛 FTT / FTX Token📛
Why Kukcoin hasn't delisted this is beyond me... Te infamous token of the Sam Bankman Fried saga, more on it here:
📛BURGER / BURGER COIN 📛
. .. REALLY ?
📛 PIZZA 📛
AGAIN, really...
📛 Bitcoin Gold / BTGUSDT 📛
Bitcoin blockchain underwent a fork in 2017 called BTG. Although the fork was meant to produce a more decentralized form of Bitcoin, it has not been successful. BTG was created to address the issue of mining centralization in Bitcoin, but it has not been able to achieve its goal due to the emergence of specialized mining hardware.
Just DON'T. DON'T DO IT. Buy the real thing instead.
📛 PITBULL / PIT 📛
I'm letting the dogs out on this one.. That decimal is basically falling off my screen.
📛 BLUR / BLURUSDT 📛
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💭 All the above said. Let's discuss a few ways to navigate this wild west market:
- Research the team . Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. Check out their Twitter and Reddit. The cryptocurrency space is dominated by major names, with superstar developers like Ethereum ETHUSDT founder Vitalik Buterin capable of making or breaking new projects simply by having their names listed on a development team. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
- Check the whitepaper. The whitepaper should lay out the background, goals, strategy, concerns, and timeline for implementation for any blockchain-related project. Whitepapers can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may have a whitepaper that indicates a rock-solid concept and a carefully conceived implementation plan.
- It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Keep an eye out as you look for new investment opportunities in the ICO and cryptocurrency spaces. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept. Look for outside sources to verify the legitimacy of any project before making an investment.
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CryptoCheck
PANCAKESWAP:CCHGUSDT_A8BAB1 BINANCE:LUNCUSDT BINANCE:LUNCBUSD KUCOIN:FTTUSDT BINANCE:BURGERUSDT MEXC:PPIZZAUSDT OKX:BLURUSDT OKX:PITUSDT BYBIT:BTGUSDT
BTG
BTGUSD Major long-term bullish break-out!Bitcoin Gold (BTGUSD) broke today above the Lower Highs trend-line that started after the Cycle's High on May 2021. That is a major bullish break-out and the last Bear Cycle Resistance standing in the way is the 1W MA200 (orange trend-line), which even though it broke in mid October 2022, the 1W candle failed (emphatically) to stay and close above it.
Secondary bullish break-out signal is given by the 1W RSI which broke above the 53.10 Resistance, a level holding since November 2021, which has 2 clear rejections on it. The RSI is about to get overbought so failure to close above the 1W MA200 could deliver a pull-back for the final 1W MA50 (blue trend-line) test as Support. A 1W candle close above the 1W MA200 however, will be a buy break-out signal towards the Target Zone within the 0.5 Fibonacci level and the March 22 2022 High (42.000 - 48.250). Our long-term target falls within that zone at 44.000, which is the high of the October 17 2022 1W candle.
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Getting close to another support level on $DJI, SCALPING onlyAs stated many times, in & out. Get as much as you can and then WAIT, be PATIENT IF you want to hold longer. It could be a while before we get another good longer term buy opportunity.
As stated before, SCALPING quick moves.
Most of these were not huge moves BUT Put premiums did lessen & provided 10-25% in minutes.
$MSFT went from 249 - 252
$ZS 106 - 108.5
$TSLA 170 -177
$COIN 53-55.2
$RUN 21.9 - 22.95
Picked up some gold miners $BTG $KGC Possible consolidation in the industry.
$DJI bouncing off Support levelEarly this open
RSI looks ok & is oversold. Not buy much but it's been a good amount of selling
Took advantage of this dib & went on buying spree. As we've been saying for some time, IN & OUT, scalps & short term trades.
We've also been SELLING PUTS to help reduce risk by bringing premium in. If the premium subsides a good amount we cover.
Not looking for home runs.
We should have an okay day today but a lot of damage has been done to #stocks.
$MSFT $TSLA $ZS $UDOW $TQQQ $RUN
Beginning to nibble on #GOLD miners $BTG $KGC $FNV doing well today
Bitcoin Gold BTG Price Targets after the FSB meetingThe Finance Stability Board said today that many stablecoins won`t meet the requirements stipulated in its recommendations for cryptocurrency asset regulation.
This could have have ripple effects in the entire crypto industry!
My price targets for Bitcoin Cash BCH are:
BTG/USDT short
Entry Range: $147 - 153
Price Target 1: $138
Price Target 2: $119
Price Target 3: $110
Stop Loss: $171
BTG. A day in the life of a fork.Global descending channel with the formation of a symmetrical triangle. The triangle is formed as a continuation of the local uptrend, so there is some priority for the price to move up after a possible breakout.
BTG has seen a staggering 170% growth in the last 24 hours!BTG has seen a staggering 170% growth in the last 24 hours. The price of this currency, which was supported in the range of 15 to 15.8 dollars, hit the resistance range of 42.6 to 46.5 dollars with this sharp growth, and it had a very strong reaction. So that the price quickly went back all the way. But this movement can be a sign of the re-growth of the price of this currency.
The resistance of the downward trend line and the EMA indicator were fake broken. But in the 1-hour time frame, a resistance is considered, which, if broken, can register a sharp movement again. This resistance is located in the range of $21.30-21.90, and if it is broken with a high trading volume, we can still expect the price to grow to at least the $30 range. The volume of transactions has also been extremely high; we can expect growth again.
BTGUSD - Double Falling WedgeBTG has broken out of its larger falling wedge and entered a smaller falling wedge
Based on the breakout of the large falling wedge, I expect another breakout of the smaller falling wedge
This all contributes to an overall bullish reversal for price on BTGUSD
BTGUSDT LONG Enter trade LONG BTG. risk 1% calculate proper possition size!
Main trading pattern: Original fibonachi on 1d. (orange level go to orange target)
positive argument for enter.
+past support
+bull flah formation (price action)
+1d bullish candelstick formation
+CTB brake (counter trend line brake) orange line
Bitcoin Gold `` RR/4.8xLooking forward to price bouncing from trendline.
If it however breaks it, set-up will/should be reviewed.
Bitcoin Gold Conquers Resistance (70%+ Target)For the past three months MA200 has been working as resistance for Bitcoin Gold (BTGBTC).
We can see multiple rejections at this level.
Today BTGBTC is growing above this resistance which makes it clear that soon we will see more.
We are mapping 70% for the next bullish jump.
Namaste.
BTGUSDT(Bitcoin Gold) Daily tf Range Updated till 28-07-22BTGUSDT(#BitcoinGold) Daily timeframe range. a mid heavy asset with decent price action. it held its new low and #spring test from their which is a surprise compare to the retail interest it got. it got a bearable range space which makes option for range traders , dont need to pull our hair out for insane amount and percentage of wicks. which makes it a bit safer than those p and d alt's.
BTGBINANCE:BTGUSDT
No clean entry yet, just some levels to keep an eye on.
General metrics are cooling off.
Fractured market, tiny depth amounts, volume is also not great, makes BTG a high risk.
BTGUSD - Inverted Descending ScallopBTGUSD has engaged in a descending scallop and they typically move like this
Price reaches a critical point in its descent and breaks out, this time it just happens to be at the .236 level
Bitcoin Gold (BTG) formed big Gartley for upto 2095% huge pumpHi dear friends, hope you are well and welcome to the new trade setup of Bitcoin Gold (BTG)
On a monthly time frame, DCR has formed a big bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
[ALTUSDT]BTGUSDT TREND LINE ANALYSISNice to meet you, everyone
I'm an alt trader
I'm analyzing and recommending things that are similar to my personality among many alt coins
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Broadly speaking, the candle fell slightly along the downward trend of thick sky blue, but did not go down to the downward trend line. It is going up along the yellow upward trend as before.
For a good move, you have to climb above the thick purple upward trend, and the faster you go up, the higher the probability of successful retesting.
BTGUSDT - SETUPBTGUSDT price has shown a strong movement and hit the falling trendline which is now a test for the Bulls. If they successfully break that level we may see a strong upside with strong volume. Otherwise, just wait for a little retracement, and then one can take a long position. Watch the price action carefully.
Bitcoin Gold (BTG) formed bullish Gartley for upto 24.5% rallyHi dear friends, hope you are well and welcome to the new trade setup of Bitcoin Gold (BTG) with BTC pair.
Recently, we had a nice trade of BTG:
Now on a 4-hr time frame, BTG has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
90% Mapped for Bitcoin GoldBitcoin Gold (BTGBTC) is breaking bullish today as it challenges EMA100.
Here I am mapping an easy 90% jump in the days and weeks to come.
There can be more than 90% of course.
This is not financial advice.
Below the red line it is wise to stop the trade at a loss.
(Always sell when prices GO UP!)
Namaste.