ETH/BTC has experienced a downward trend for the past 8 years. Since the peak in 2017, ETH vs BTC has followed a perfect descending trend line for eight years. The trend line is currently being tested. The price is now sitting directly below the 8-year downward trend line at 0.034. This zone holds the entire destiny of the crypto market: ▪️ Rejection = continued BTC dominance = alts remain suppressed ▪️ Break & hold = ETH and many alts strong will begin to outperform This is not a normal resistance. Here is the wall. Pray for the breakout 🌚$ETH
with the rise of $BTC everything is possible $AVAX
bullish signal: preservation of 11,2$ closing + breakthrough above the resistance at 15$ + closing above 15,3$ + bullish momentum (bullish crossover on the stochastic and exit from the oversold zone)
The more Bitcoin tests a key resistance level, the weaker that resistance becomes. We are now approaching the 5th test, a configuration that often precedes a sharp breakout.
The momentum is building, the market structure remains constructive, and BTC appears ready for a relief bounce. 🔥
⚠️ As always, volatility can increase rapidly. Stay disciplined and manage risk.$BTC
If I may be allowed to give my opinion, I would take a portion of my profits (around 60%) here to inject fresh blood or come back after a healthy correction!
I think 1000$ isn't exaggerated in the coming weeks. I know nobody wants to get involved anymore 😂.
This cryptocurrency that was supposed to "revolutionize the structure of the Internet" started at a price of $700 right after its launch, with a market capitalization of over $328 billion, making it one of the largest cryptos at the time.
Except, of course, the system was built on a false promise: it serves no purpose.
Within just one and a half months, its price had already dropped by 90%, and since then, it has fallen another 90%.
It is now down 99% from its initial price.
Of course, it's highly likely that the creators and "insiders" massively enriched themselves, while the rest of the world lost everything!
#CZ regarding memecoins and with his usual humor 😄
CZ, founder of the world's largest platform, Binance, states: "I'm not against memecoins, and I like memes. But if you jump on every #memecoin people create randomly from my tweets, you're almost certain to lose money.
I just tweet the way I do, with silly and not very funny jokes, without thinking about memes (most of the time)."
« I WANT THE MARKET TO RISE. YOU PUBLISH INCREDIBLE NUMBERS AND THE MARKET STILL FALLS. WE RECEIVE GOOD NEWS AND YIELDS INCREASE. WHEN THE NEWS IS GOOD, THE MARKET SHOULD RISE. »
World Liberty Financial launches its lending and borrowing platform to compete with #AAVE. This project had all the potential to succeed, but they've already shown the community that you can't trust the team. Development is progressing well, which must be acknowledged as well.
Upon the announcement, the token rose 1.3%, proving that the community has lost all enthusiasm!