DEATH OF THE DOLLARDear Friend,
“Wake up you guys. If you're saving US dollars, you're like the skipper on the titanic. You know they're going to have to print more and more and more and more all the time… This makes savers the biggest losers on planet earth.”
But here is what is fascinating… I know you will agree.
As the dollar gets weaker and weaker, Bitcoin and cryptocurrencies are getting stronger and stronger.
I’m going to say that again because it is so important. As the dollar gets weaker and weaker, Bitcoin and cryptocurrencies are getting stronger and stronger.
The giant hedge funds and investing firms are slowing their purchase of dollars and U.S. bonds...
They are now using their profits to buy cryptocurrencies.
The Wallstreet Journal reports that mainstream hedge funds are pouring BILLIONS of dollars into crypto. They go on to say that world famous traders including Alan Howard and Paul Tudor Jones are said to be increasing their trading in cryptocurrencies.If you want to become a successful investor, extra cash to pay off your debt, enjoy extra time with your loved ones, live your dream life…
Thank you for taking the time to read my letter,
Cryptoinvesting
Bitcoin: Can the bulls hold on?Judging from the current trend of Bitcoin and the overall market sentiment, the pressure level of 28,500 above is too strong to break through in the short term. There is a need for Bitcoin to withdraw, but the 27,000 below is still the key support for Bitcoin.Yesterday, Bitcoin broke through the recent high and stood near 28472, and then retreated to near 27300. It seems that Bitcoin will be trading sideways at least in the short term.
At present, the Bitcoin price is oscillating back and forth at a high level, and the pressure above is strong, making it difficult to break through in a short period of time. Even if the Bitcoin price can continue to rise, it will at least need to be confirmed by stepping back to accumulate upward momentum during the rise, so there is a demand for retracement in the short term.
On the other hand, the supply of Bitcoin on exchanges has increased significantly in the past week or so, which may also mean that BTC may face selling pressure.
In the short-term treatment, the lower support is near 27500, and the initial pressure above is near 28500.
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$QOMUSD Shiba Predator QOM is the Shiba Predator, it is a community token whose function is to flip the Shiba Market cap.
QOM Price Live Data
The live Shiba Predator price today is $7.84e-8 USD with a 24-hour trading volume of $1,010,516 USD. We update our QOM to USD price in real-time. Shiba Predator is up 5.39% in the last 24 hours. The current CoinMarketCap ranking is #423, with a live market cap of $47,015,780 USD. It has a circulating supply of 599,886,333,333,333 QOM coins and a max. supply of 1,000,000,000,000,000 QOM coins.
The price of Bitcoin has soared driven by market optimismLast Friday, Bitcoin fell to US 19,569. How desperate the market was at that time, and how enthusiastic it is now. In just one week, the Bitcoin market has undergone a shocking reversal, breaking through the previous high in one fell swoop and reaching above US 27,000.
In terms of daily structure, Bitcoin has broken the previous horizontal pressure level. At this stage, it is in a vacuum zone. Bitcoin price analysis has been slowly rising since the beginning of this week, and more buying pressure has been observed in the market. Pressure.As tokens are supported by strong buying pressure and good technical prospects, market sentiment remains optimistic, and the bullish momentum is expected to continue, with the next level of pressure around 30,000.
From the four-hour level, it can be seen that the last downward pullback was at the position of 0.382. Next, I think the possibility of constructing an equidistant ABCD is very large. As shown in the figure, Point D is far from being reached. The rise in the past two days has formed a complete breakthrough in the previous chip-intensive area. If there is a pullback in a short period of time, I think the pullback may as well be an opportunity to participate in long-term.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Want to Know When Altseason REALLY Begins? 🤔🚀For the past 2 years, the cryptocurrency market has been tormented by a relentless bear trend, evident by the departure of retail investors. But for those who have stayed, incredible opportunities now present themselves, practically screaming profits! If you're reading this, congratulations, you're already a winner, and the market will reward your patience! 🚀
So, are you ready to be among the first to find out when altseason begins and make huge gains, scoring dozens of X's before the market enters euphoria? 😎
The answer to this question lies in the leading altcoin Ethereum, paired with Bitcoin. 🌟
Let's look at the ETH/BTC chart. What do we see? ETH has been in an accumulation channel for almost 2 years. A breakout and consolidation of Ethereum above the channel will trigger a massive, rapid growth of all altcoins without exception! Add this chart to your watchlist and don't miss the moment when history begins to unfold! 🔥
Prepare for an unforgettable journey into the world of incredible profits in the cryptocurrency market! 🎉💰
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Crypto hammered as Silvergate bank issues worry tradersWorries around Silvergate Bank have set off a mini plunge today.
Crypto has seen a worrying Asian session so far, with most coins seeing heavy selling as traders look to take cover as the Sivergate Bank issue continues. The Banks share price lost 50% yesterday, and reports say most major players will suspend automated clearing with other business operations with the bank. Kaken is the only major exchange that looks to be continuing operations with the bank.
Silvergate has seen most of its crypto industry clients leave a day after it announced it would have to review its books with auditors and warned of headwinds. They announced Wednesday they would be delaying their annual 10-K to answer questions from independent auditors and its accounting firm, as well as "regulatory and other inquiries and investigations that are pending." The bank warned in a forward-looking statement that it faced possible inquiries from bank regulators and the U.S. Department of Justice and its ability to "continue as a going concern", which may be affected over the next year.
This is driving fear today, and we will continue monitoring as the updates come out. Let's hope it won't become another contagion, as seen in 2022.
$BTC overview Just a Reminder - The price is still in a Stage 1 structure, I would like to see a decisive breakout of Stage 1 - Accumulation structure in terms of Price and Volume. This would give me confidence as bitcoin will be transitioned into a Stage 2 - Uptrend Structure. Note - The price has risen up almost vertically for about 60%. Thereby, chances of breakouts are less as of now. And Bitcoin might consolidate more into Stage 1 only. If the breakout occurs then it would be a great opportunity to go long for investors. Traders should be waiting for a better risk reward opportunity.
Quant: Sleepy 😴Quant is feeling a bit sleepy lately and doesn't want to leave the pink target zone - well, let's hope he wakes up soon to climb above the resistance at $228.30 to finish the pink wave . If our beloved coin continues to hit the Snooze-button and sinks further into the pink zone, our alternative scenario will be activated, as soon as the course drops below the support line at $94.08. In that case, Quant should sink to the lower area of the zone to complete the pink wave alt. .
Ethereum: Drop it lowTonight is the full moon lunear eclipse that initiates a turning point for transformation. Well, Ethereum came a bit early to the party and dropped it low. We expect Ethereum to come back up to the $1790 resistance and move above $2029 right into the blue target zone. After completing the blue wave (iii) between $3048 and $3756 in the blue zone, the course should turn. Once again, we expect Ethereum to drop out of the target zone. In the secondary scenario, ETH should drop below the support as soon as it crosses the $1194 mark. After moving below the $1194 support, we expect the course to wander further below $883.
How far the ETH course is willing to drop will be specified as we move along.
Bitcoin: Down the Rabbit HoleThe future of Bitcoin seems just as unknown as the adventure ahead of Alice in wonderland. It feels like we're currently falling down the rabbit hole and don't know for sure where it's stopping. Primarily, we expect the course to drop further below the support at $17 689. If it continues to drop into the blue target zone between $17 572 - $10 919, the yellow wave (2) should ideally be completed around $16 148 to move out of the blue zone. If Bitcoin finds its way out of the blue zone and heads above the support at $17 689, it should head towards the $22 802 resistance. Furthermore, after touching the $22 802 resistance, Bitcoin will continue to move above $25 200.
In the secondary scenario with a chance of 40%, Bitcoin should continue to move upwards if it touches the $22 802 resistance and could climb its way back to the top if it reaches the $25 200 resistance. We'll specify the future of Bitcoin in our upcoming posts.
Polygon: Remove before FlightReady for Takeoff? Polygon couldn't wait any longer and skyrocketed, before we could fasten our seatbelts. What goes up must come down, which is why Polygon has to take a dip after aiming for the stars and drastically increasing in over 23%. The sky is the limit, so we're expecting more movements upwards in the yellow target zone betweenn $1.18 - $1.33 to complete the yellow wave (3). Polygon is moving from the top down the yellow zone between $1.13 - $1.02 to turnaround to fly above the clouds and complete the yellow wave (5). Finally, it is important that the support at $0.968 should not be crossed in order to keep the upward movement going.
Ripple: Trick or Treat?In the spirit of Halloween, it seems like we've been tricked by Ripple. Well, not really tricked, since it went through with our alternative scenario. That being said, we expect the course to drop below $0.4173 until it reaches the yellow area. Ideally, it takes its turn in between $0.39171 and $0.36483 to gain momentum to move above $0.5587 by the end of this month.
ETH - Short-Term Bullish SentimentIt looks like BTC and ETH are showing pretty much the same movements. These two are highly correlated. I expect ETH to bounce back to the 4 800 zone (a zone it failed to break) before experiencing a huge crash back to around 100. We are going to see crazy BEARISH moves in the crypto space after the current BULL move that's taking place.
I will keep track of the movements. It's going to be interesting the crypto market!!
BUY LOW. SELL HIGH!!
Bitcoin Market Overview Bitcoin Market Overview
Bitcoin continues to fall, when does the bleeding stop ?
The Market has formed a Gartley with a target at 10676.0, we anticipate to form a low price in and around that price area before we see any move to the upside or will it go to 0 ?
Based on the market data we could see the reversal happing in and around there exciting times .
Bitcoin - what to do after the dump?Bitcoin dumped. What to do now?
I have mentioned it multiple times – the next bull run will be triggered by a new giant downtrend for DXY. But FED increasing the rates is not in our favor… so let’s see the supports below us:
2022 bottom – everyone screamed for bullish December 2021, but we had a red December followed by a small crash in January 2022, causing panic and 10 000$ calls. The current price action has many similarities with January (also after a FED event) and the lows from the year opening are our support now at around 32500$. A must hold level, breaking of which will lead us to the rows below…
2021 bottom – you must remember the June-July 2021 dump after the memecoins season, right? Well, there is still a possibility for a revisit of these lows. They should hold, otherwise Bitcoin will do a test of the previous bull market high at around 20 000$.
Where to flip bullish? Don’t try to catch a falling knife. I will be full bull only when Bitcoin flips all daily moving averages as support (MA50, 100 and 200) + the 21 weekly EMA, also known as the bull market marker.
Trade safe and don’t overleverage!
Bitcoin Investor Tool - BTC likely to trade higher soonLooking at the Bitcoin Investor Tool chart which depicts Bitcoins price within the 2 year daily moving average and the same average multiplied by 5 we can see that Bitcoin is trading at the lower band of this channel.
While may trend a bit lower or even break it appears more likely that soon Bitcoin shall rise again and trend towards the upper band to ultimately create a new ATH above the upper band.
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