When people say they are long-term investors, I look at the other side of it. Since most of those people are suffering losses, they unintentionally become long-term investors. Therefore, if the investment is long-term, it is easy to be exploited by big players and a lot of pain follows. So, when investing, it is important to be smart and make a profit in a cycle that matches the trend and get out quickly. The crypto market is preparing for a new cycle at a major inflection point. We must make good use of this. #BTC #AltCoinSeason2024 #LUNC
One large wallet to another large wallet. 29M burn tax. That 5.8M is being split up into very small transactions and moving elsewhere. Double taxation. Must be nothing.
#lunc#ustcfirst
As long as the crypto market is moving in sync with the US stock market, it is very important to keep an eye on the situation in the US stock market. Yesterday, Nvidia stock fell 10%. It fell 24.6% from the highest closing price on the 25th of last month ($950.02). What I suspect is that AI-related stocks have fallen tremendously, and looking at the selling volume, it is clear that this is the volume of institutions, not individual retailers. This makes it even more suspicious because it occurred while the company was announcing its earnings. Moreover, SMCI stocks fell by more than 25% despite great expectations and positive signs of performance. This is a huge phenomenon that can only come from large-scale manipulation by institutions, and if this situation is not recovered and time is delayed, investors' expectations about AI will turn into fear. It is believed that the reason Bitcoin has not shown much movement even though the halving began yesterday is because institutions and investors trying to enter are taking a wait-and-see approach due to uncertainty in the US stock market.
#BTC #AltCoinSeason2024 #LUNC
Most of altcoins are creating similar patterns. A typical pattern that has a large upward reversal momentum after a large decline is the Adam & Eve pattern. Even if you look at the examples of the two charts below (#LUNC #ARB), you can see that the typical Adam & Eve Pattern is at the end of completion. The tendency of this pattern can be seen as a pattern that gives a retracement to the price before a large decline begins. Bitcoin’s decline in dominance could provide strong upward momentum to these altcoin patterns.
Very bullish🚀 #LUNC #AltCoinSeason2024
$LUNC (Terra Classic)'s Prices look to currently be in a MASSIVE Bull Pennant pattern and a bullish breakout may just be the spark necessary to take prices on a monumental run towards the $0.00058046 Target!
This target remains and is currently OVER +270% AWAY!
LUNC will do well, and other crypto markets will also form large bubbles based on strong momentum. That is why you must always be alert and track the market closely. The market is so fickle that it can betray us at any time. We must be prepared to deal with all situations. Many people are waiting for Bitcoin halving. However, I think this is a very deep trap. Due to the ETF approval, the Bitcoin price is reflected in advance before the halving, and people's expectations are rising. Good performance is expected in the long term, but immediately after the halving, we must prepare our hearts and minds to face the MAX pain. Remember, whales never want to share their wealth with you.
#BTC #LUNC #Altcoinseason2024