Why did Bitcoin and Altcoins Crash ?
The last 24 hours were brutal for the crypto market as BTC crashed below $60k while alts crashed 30%–50%.
The primary reason behind this crash was the Iran drone attack on Israel.
During a war, commodities like oil and gold rise in value, which results in high inflation.
High inflation means no rate cuts, which is bearish for stocks and crypto.
This is why crypto sold off heavily yesterday, as people anticipated that this war could lead to high inflation, which would result in no rate cuts.
Once BTC and alts started crashing, those who had high leverage positions open started getting liquidated, which resulted in more forced selling.
Something similar happened during Covid in March 2020, Russia Ukraine war when the market panic sold and then rebounded within a month
As per some media sites, Iran already made their allies aware in advance
This means that the cartel were already ready for this dump
They just waited till the weekend as there was low volume and then crashed the market
After market started panic selling, they bought the dip as usual which resulted in a quick bounce
The lesson here is to avoid leveraged trades and keep your portfolio in spot.
This is the best way to maximize your gains while keeping your risks to a minimum.
Right now, BTC is trading above $63k with a strong support at $60k level
If $60k level don't hold, there is a strong support level at $56k - $58k where most of the new whales (ETF buyers) have bought their BTC
Keep in mind that after every black swan event, the crypto market has witnessed parabolic runs and the same will happen this time too
Hit like if you found this helpful 🤝
Hello everybody
I'm creating a python code for Binance to:
Define a base_pair (USDT)
Define period (1m)
Receive all prices for each pair
Strategies with buy/sell signal
Take profit
Stop loss
Please DM to give me ideas about winner strategies
I'll upload full code on github
Hello everybody
I'm creating a python code for Binance to:
Define a base_pair (USDT)
Define period (1m)
Receive all prices for each pair
Strategies with buy/sell signal
Take profit
Stop loss
Please DM to give me ideas about winner strategies
I'll upload full code on github
The RWA narrative will be worth trillions $ by 2030!
With BlackRock & JP Morgen entering this trend - some RWA coins will 50-100x this year🤯
Here are 12 promising RWA cryptos we have on our radar:👇
Here’s a list of gems that can potentially set you financially free in this bullrun (10x to 100x)
5x to 10x potential
$SOL
$XRP
$ETH
$DOT
10x - 20x potential
$INJ
$SEI
$AVAX
$LINK
$ICP
$HONEY
$KAS
50x potential
$PARCL
$NEXA
$GSWIFT
$DIMO
$SUIP
$TARA
$NEXT
$NIBIRU
100x or more
$JOY
$CELR
$NIMBLE
$GRVT
$PEAQ
$ALEPH
$ML
$IRON
Make sure to save this post to your bookmarks, and come back in once we're in a bull market!
If you don't want to miss the upcoming ones, make sure to join our advanced or premium plan for the maximum value.
Not all #crypto projects can make you rich...
Here’s a list of projects i think can make you alot of money this bullrun (IN ORDER)
1: $SPCT
2: $VAI
3: $MASQ
4: $PROPC
5: $MOROS
6: $DGI
7: $VEIL
8: $GPU
9: $OPSEC
10: $DIONE
Let's talk about Airdrops?
Nyan Heroes
https://t.co/XQTJIEj7IM
https://t.co/073R4u313C
Visit the Nyan Heroes airdrop page.
Connect your Twitter account.
Now, enter the referral code “CacoMemeToken” and sign up.
You will get 400 MEOWS.