Memecoin
❗ 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
PEPE Looks Clearly BullishPEPE Looks Clearly Bullish After A Completed A-B-C Correction Back In June.
After a completed A-B-C correction in mid June, we saw nice and clean five-wave bullish cycle into wave A/1 till the beginning of July. Since the beginning of July, we can now see it now finishing a three-wave (A)-(B)-(C) correction in B/2 that can find the support here around 0.*012 – 0.*010 support area before a continuation higher within higher degree wave C or maybe even wave 3 of a five-wave bullish impulse.
🔥 DOGE New Cycle Trade: Triangle Break OutAs seen on the chart, DOGE has been trading inside a triangle pattern ever since the 2021. With DOGE appearing bullish over the last few weeks, it's time to look at what might happen if we finally break out of this >2-year pattern.
Assuming that DOGE's bear-market low is in, it's likely that DOGE will only gain in value in the future. Be aware that we're going to wait for the price to break out in order to activate this signal.
Stop below the recent June lows, target around the 0.70$ all-time highs.
DOGECOIN Ready For Massive Move To UpsideAlt coins are an area of the market I am approaching very delicately. Right now, however, I cannot help but pay attention to the things happening currently on Dogecoin. Although currently getting rejected at a major supply line, selling pressure on the 3 day chart since December has exhausted and has now flipped positive with strong bullish momentum being the result in the price action thus far. Its my belief that this may only be the beginning as not only do we have classic bullish divergence showing on the MACD, but a potential golden cross between the 21 and 50 EMA happening just days away from now.
Of course it could be premature to make this call just yet, but with the massive bullish momentum on the MACD combined with the fact that money flow is rising on most of the higher time frames give me the confidence that this cross will indeed occur sooner rather than later. The last time DOGE's 21 and 50 EMA bullishly crossed was around October 25th last year.... this resulted in a 161% move to the upside in just a little over 7 days.
Been talking about $DOGE for a bitThere's reason why CRYPTOCAP:DOGE has slowly become as big a position as $SHIB.
This isn't including 3x & 10X leverage on #DOGE when it hit recent lows.
Looks pretty strong to me.
Love seeing the RSI pummeling through the 50 area, yellow circle.
Not the best looking but it is still an INVERSE HEAD & SHOULDER, bottom forming of it breaks through, more conviction if heavy volume.
Please see profile for more info on countless CRYPTOCAP:DOGE posts.
#crypto #altcoin
DOGE - THE BOTTOM INDICATOR FOR CRYPTO?The "DOGE/USD" is since May - 2021 in a downward trend, and it is obvious that we can expect a trend reversal if necessary.
> The meme coin "DOGE", has among other things by "Elon Musk", a large degree of awareness and will be known to most "RETAIL" investors.
> Regardless of the media notoriety and the wildest stories of "new" millionaires, this "crypto coin" brings an incredible opportunity.
= I'll let you know what this opportunity looks like and the price increase it could bring in the following lines.
table of contents
- 1st part = WHAT MAKES DOGE COIN SO VALUABLE?
- 2nd part = TECHNICAL ANALYSIS
- 3rd part = CONCLUSION
PART ONE
"WHAT MAKES THE "DOGE" COIN SO VALUABLE?"
Due to the promotion of Elon Musk and other media relevant people, most people should know about this coin.
> Everyone associates this cryptocurrency with "opportunity" - for quick money and possible wealth.
And exactly these last two points target the "standard" - retail investor:
"FAST MONEY" + "POSSIBLE WEALTH" .
The Standard Retail Investor serves us as a "SENTIMENT-INDICATOR", with which we can better assess the current market situation with a closer look at the past.
For this, I compared the past of the "DOGE" Coin with the "BTC" to come across the following result.
= THE "DOGE" COIN BALANCED WITH THE "BTC" (in the last two "major" movements).
= THE "DOGE" COIN BOTTOM.
And by simultaneously, I mean - ONE AND THE SAME DAY -.
= 09/15/2017 (bottom for BTC+DOGE).
= 03/13/2020 (bottom for BTC+DOGE).
SECOND PART
TECHNICAL ANALYSIS
As soon as you look at the "DOGE" Coin in the weekly / monthly chart, you immediately notice the "Falling Wedges" .
> THE TERMINATION OF THESE "FALLING WEDGES" SIGNALED THE LOCAL BOTTOM IN "BTC" AND "DOGE" SINCE 2017.
Additionally, we are in an upward channel, which has been - respected since 2014 .
> In the beginning / middle of 2021 - we broke out of this "temporarily".
> Since the beginning of 2022, we are on the way to the "trend channel center line" and could reach it shortly.
> The "trend channel center line" represented a "point of interest" in the past, which means that a final bottom is not that unlikely.
> The current "falling wedge" converges with the "middle line", which provides further support.
Looking at the MACD in the daily chart, a divergence formed since September this year.
> This would even support a bullish thesis, before the point of contact of the "middle line" and the "falling wedge", however, such a divergence cannot yet be found on the higher time levels.
THIRD PART
CONCLUSION
"The past repeats itself, however it does not have to."
With the current "macroeconomic" environment, at best, one can make guesses as to how the markets will behave in the coming weeks / months.
> Nevertheless, keep in mind the repeating pattern.
What would again support the thesis of a near "local bottom" are the emerging rumors of large accumulations (hedge funds / sovereigns) .
The existing fear in the markets is the best time to set up for the long term, for people with good "risk management" and no false expectations of quick (=1-year) riches (=10-years).
> Let's feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
🔥 PEPE Oversold Bounce From Support: Great Risk Reward!PEPE has been trading horizontally for almost a month at this point. In that time, buying from hourly oversold areas has been proven to be very profitable.
As of this morning, PEPE has successfully bounced from the diagonal purple support line whilst being hourly oversold. These two in conjunction make it more likely for the reversal to play out.
Target at the monthly highs, stop just below the swing low.
Why Penny Cryptos are LETHAL for TradersCryptocurrencies are often likened to the Wild West.
They are untamed, unregulated, and packed with potential riches.
However, they are also fraught with hidden dangers and potential pitfalls.
One such peril lies in the world of penny cryptos.
They’re cheap, super volatile, and they attract the minds of those who want a quick fortune.
This is similar to a gambling mentality. And You don’t want to go down this rabbit hole.
Once you get in, you find every reason to hold.
You build so much trust, prospects and hope with them.
You might as well marry them and expect the inevitable divorce which will rob you of your money.
Anyways, penny cryptos are lethal, and here’s why.
#1: Huge Volatility with Major Fluctuations
Imagine being on a roller coaster that has extreme highs and drastic lows.
One moment, you’re at the peak, enjoying a scenic view.
The next you’re plunging into a scary abyss.
That’s the world of penny cryptos.
Penny Cryptos are definitely like the wild wild west. They swing drastically in value. This is because of the low value of the currency.
#2: Issued by Small Companies with Little Experience and Knowledge
If the financial world was an ocean, penny cryptos would be the tiny, uncharted islands you might stumble upon.
The kind of islands that do not inhabit life and have erratic waves completely wash over it on a sporadic basis.
Well, in the deep ocean of crypto currencies, Penny Cryptos are these tiny pebbles.
Most times they’re issued by small, relatively unknown companies.
Sometimes they are issued by children in their parents basements.
Sometimes they are issued by gamers who don’t want to work for a living.
Sometimes they are issued by Only Fans sexy girls who flaunt their bits and believe their
currency will go up in value (amongst other things).
Anyways, Penny Cryptos (unlike Penny Stocks) lack the experience, credibility, intangible asset value and knowledge to navigate the tumultuous shitty penny cryptos.
In fact, they call many of these Penny Cryptos Shit Coins – No joke!
Such companies often struggle with regulatory hurdles, lack of funding, and poor management, making their cryptocurrencies extremely risky ventures.
#3: High Target of Scams and Fraud and Even Ponzi Schemes
Penny cryptos can sometimes be the financial equivalent of snake oil salesmen.
Their low cost and relative anonymity make them the perfect target for scams, fraud, and even Ponzi schemes.
And you know how messed up the world is and what kind of trash people there are.
And so, they are Penny Crypto con artists who try to sell their shitty coins only to lead to either a pump-and-dump scheme.
Or to fake an ICOs Initial Coin Offering) gather a whole bunch of money from investors, then make a run for it.
Please don’t fall for these scams!
#4: Illiquid and Low Volume Which Will be Difficult to Get in and Out
One of the most lethal attributes of penny cryptos is their lack of liquidity.
Liquidity, in the financial sense, is like the exit doors in a movie theater.
The more doors there are, the easier it is for people to leave when the movie is over.
In the world of penny cryptos, these exit doors are often few and far between.
Due to their low volume, buying and selling penny cryptos can be incredibly difficult.
If you’ve invested in a penny crypto and its value begins to plummet, you may find yourself trapped, unable to sell and cut your losses.
And you’ll just be stuck in your trade for years on end, while it gathers digital dust.
#5: More Likely to Hit 0 as They are Less Trusted by the Public
Trust is like the foundation of a house.
If it’s strong and solid, the house stands tall.
If it’s weak or non-existent, the house collapses.
Given the factors I mentioned above, should be enough to make you realise.
Any one of these weaknesses with a coin, can lead to a crash down to 0.
And believe you me, most of the millions of Penny Cryptos that are around today – will be nothing more than a remnant of a memory in the future.
Is the Grimace a new potential gem?Hello, traders!
Today I'd like to talk about Grimas coin
This is a P2E project with a very active audience.
Reasons why it should grow?
The creator will not launch futures trading at the moment, as we know that futures lead to a drop in organic liquidity and more manipulation in the market due to leverage.
He is constantly working on marketing, it has already happened that Mcdonalds itself is PR'ing Grimas and this is to his advantage.
The marketing campaign has organized a fund to help underprivileged people, which is very good for social proof.
It is also being PR'd by bloggers who are known in political circles. Who knows how this will impact further - time will tell. I would not like to say that the government has no impact on cryptocurrency, however, the cryptocurrency world is now closely tied to it.
What about the technical parameters?
We have a very long consolidation and a spike in volume to buy, there is a resistance zone around 7.4.
Under current realities, once the number of limit sell orders falls near the upper boundary, then this coin will rise in its price.
What do you think about Grimas? What coins are you currently considering trading on the spot market?
🔥 PEPE Oversold Bounce From Support: Great Upside!PEPE has been trading bullish alongside the dotted support line for around a week now. This trade is based on the idea that PEPE will once again bounce from said support. The idea of the bounce is reinforced by the fact that the RSI has hit oversold on the hourly chart, which has always caused a bounce in recent history.
Target at 200, stop at 159 just below the support. It's a risky trade, but has very decent upside.
$POGAI - SWING LONGAREA OF INT is met with a tight stop, I have a massive short position to hedge this, keep a nice stop since a breakdown of this level will be volatile in my opinion.
WHO WANTS FROG? MEMEMEMEME! : PEPEUSDTLemme know which version is preferrable so I can run with that in future:
Me:
Last chance to enter early. I have no incentive to promote this particular coin other than about a Dollar worth of street cred for calling it correctly and the knowledge that I contributed a little bit of value to some people somewhere.
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ChatGPT:
📢 Attention Traders! 🚀
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PEPE like DOGE?Hello friends, when asked how I see it with PEPE, I would compare it to the similarity with DOGE, on pepe I put important trend lines for me and attached a long-term chart of dogecoin on it... make the picture yourself, I don't have any special one on pepe now opinion and we are not even overly bullish on the crypto situation.
Overall, however, another big increase is expected for PEPE, in fact, when PEPE passes above the tredline, which is resistance, and rebounds from the lower trendline.. then I will open a long position.
Decision levels for useless altcoins!Meme coins like BINANCE:PEPEUSDT showed how easy to make money for the fraud developers. There are countles meme coins floating around in the Crypto world. If Crypto market wants to become stronger, it needs to have real tokens with real world use cases. Meme coins should be part of history like the dinosaurs.
Countries have started to reject to give license to crypto platforms. On the other hand Asia has started to support coins and platforms again. We may see another fight here. This war between west and east may accelerate the extinction of the useless coins. We will watch this critical level for the progress along with the bitcoin dominance CRYPTOCAP:BTC.D .
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Meme Coins VS Web 3.0 Cryptocurrencies !I'm writing this article during the crypto selloff, almost as a joke, taking inspiration from the story of a trader who purchased a cryptocurrency known as SAFEMOON, basically a shitcoin:
After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million.
What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then.
So he made $47.5 million with only $2.5 thousand invested, and now the project is dead!
I remember this SHIB signal back in the days:
I still consider it worthless, even if i bought it back then.
I don't see any difference between SHIB, SAFEMOON, FLOKI, KEKE, and other crypto projects that are solely based on a community rather than focusing on developing the infrastructure of Web 3.0, similar to larger projects.
There`s no intrinsic value in any of those.
But opportunities will come!
PEPE Coin | A Whale Sold PEPE at 52% Loss !A substantial loss was incurred by a whale who sold over 400 billion PEPE tokens at a 52% loss. The sale involved the transaction of 468.5 billion PEPE tokens, in exchange for 109 ETH valued at $190,000 and 237.5 thousand USDT.
The unfortunate outcome of this transaction left the whale with a significant loss. On May 9, the whale withdrew approximately $890,000 worth of PEPE tokens from the KuCoin exchange.
In my view, there appears to be a significant downward trajectory ahead.
Looking forward to read your opinion about it.