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BLUB, the meme coin on SUI and our low-cap pick for the SUI ecosystem has launched a name service option and a ton of features back in June. Since we are holding BLUB, it becomes even more interesting.
Join the Confidential Circle to know more
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As we have been grinding over the past year, we have many coins in our portfolio—a few of them we do not want to keep anymore.
These are mostly legacy coins from the old IDOs that we want to sell off. They are mostly dust, but we want to clear them off as it will help us manage the Portfolio better.
These coins can still pump! But as the value is low, we are taking the risk of selling them off.
We will withdraw this $92 and move it to our USDT Bag
We will only keep MetaDOS (Weak), Edu3Labs (Wild Card), and FlowX (Sui Narrative) from our old IDOs.
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Notes:: Similarly to our last update, BTC is grinding on higher as we're in this euphoria part of the cycle. However, it is very overbought here, and it has printed bearish divergences. This usually results in a bearish outcome. But because we're in the euphoria period, it's possible that the price will also continue grinding higher.
We're of the opinion that a pullback might be on the cards quite soon, but we'd be buyers of any meaningful pullback (7-15%). We expect prices to keep grinding higher, but we'll see a number of pullbacks along the way. We believe the odds of a pullback have increased here, and we wouldn't be surprised if we got one in the next few days to a week.
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Dear members
We have been holding BounceBit as a Bitcoin Ecosystem play.
There is a fantastic opportunity for Bouncebit holders
Bouncebit has announced the launch of the Bouncebit farming.
You can stake BB and receive memecoin - memeory. We are not sure whether the memecoin will pump hard. However, its absolutely free and could be used to accumulate even more BB.
Go to https://club.bouncebit.io/farm
Stake BB
That’s it!
The event ends on 23rd November. So, make sure to stake ASAP.
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BTC: The chart shows my updated idea of the current micro structure. Overall I see $85,000 still as key level should the price break below the trend line and fibonacci support.
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BTC: There is some weak nano support in the region between $89,786 and $88,581.
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ETH: A break above $3,240 is needed to indicate that wave 4 is complete. The price has now reached the ideal target zone for this wave 4 correction. $3,012 and $2,887 are the next support levels. Ideally the bulls turn up in this region so that the price can form one more high in wave 5. Provided that support holds, the price should reach $3,511 - $3,692 next.
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DOGE: This consolidation still indicates upside trend continuation, but the structure could easily evolve into a triangle pattern or a more complex ABC or WXY structure before wave 5 to the upside starts.
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BLZ: (Request) Nothing to add to the previous update. The trend seems up as long as the November low is holding and $0.144 is the next resistance. No 5-wave pattern visible yet.
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ETH: The price has reached the first ideal target for wave iii. No sign of a pullback in wave iv yet. Support for wave iv is located between $2,513 and $2,775 should it start from here.
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ETH: Wave iii should reach $3,130 and $3,268 next. I am starting to assume the price forms all of wave c in one direct move, without a more distinct 5-wave pattern. Once wave iii is complete, I will add the support zone for wave iv. However, the more extended 5-wave pattern as shown on the 1 hour chart is still possible.
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BTC: Bitcoin Dominance should target 58.9% or lower next. Just a quick reminder that micro structure analysis on the Bitcoin Dominance chart is not reliable, because this is not a tradeable asset. However, we can still use the method to identify some tendencies.
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Important Points to note for members who are new to crypto
We have been getting a lot of questions regarding meme coins and low-cap coins that are pumping. Many people have lost money due to lack of understanding.
While many of these hyped coins have done good, please understand a few points:
- You get to know about the hyped coins only after they have already been pumped.
- Early buyers are ready to dump on you.
- We do not discourage you, but you should not over-allocate to such coins. Please be responsible.
- For example, even if we talk about some coins, it can be only a certain percentage of our portfolio. Below is the percentage split of our portfolio. You see, we are still 30% into Large Caps and Blue Chips. 11% into stablecoins and 41% in safer mid-caps.
- Please distribute your risk well, do not fall for greed.
- It is not the case that you should follow our structure blindly, you will have your risk appetite, but please do understand the kind of risk you are getting into.
- Coins in exchanges will give you a decent profit, but if you want more, you need to get into the coins that others can not reach. You will have to learn how to use DEXes.
- We are just starting and we should not FOMO. there will be a lot of opportunities and a lot of calls as we move to higher to lower caps.
- To manage such risks we have the Degen Category where we will truly gamble. The other coins are not for gambling.
- You do not need to get into all the opportunities we give you, it's okay to miss some.
- Crypto is a long-term game. There are not many quick wins, and we have worked for quite some time on various opportunities to get results.
- There is no guarantee on which coins will pump and we do not know the next 100x coin. We will give you the best-informed decision. Our results show. Almost every other day we have Wins!
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We just posted about an AI Agent Meme that is available at $28K marketcap. To know more, join the Confidential Circle.
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Technical analysis
1- Bitcoin broke out from its bullish pennant and broke to the upside, just stopping shy of the psychological $100k mark.
2- The small consolidation of price action in the low $90k's can likely help as support if BTC were to see a pullback.
3- Below $91k, the next horizontal support would be at $87,000.
4- On the upside, the resistance is now at the psychological level of $100k.
5- The RSI has printed a bearish divergence (higher high in price, lower high on the oscillator). A breakdown target for this might be between $91,000.
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⚡⚡⚡Bitcoin’s upside: $110k projection⚡⚡⚡
1- Open Interest (the amount of leverage in the system) remains really high.
2- The Funding Rate is higher than normal, but it's not currently majorly overheated. We have also seen that it has got too high over the last week (twice), and it's pulled off again without the market pulling back and flushing the leverage out.
3- With Open Interest as high as it is, it's likely we will see a flush out at some point, but that may take time.
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New to crypto? This is how you could start
Dear members
Are you new to crypto?
Here is how you can get started.
What do you need to start?
- Some capital (We recommend starting slow, investing only what you can afford to lose)
- A balanced portfolio
The majority gets it wrong. Many of the new crypto investors are only exposed to high caps with minimal return, and some are exposed too low caps/memes with maximum risk. You need to build a balanced portfolio to make the best out of this market.
Once you understand the techniques of managing a portfolio, you need to check how you can adjust it according to the needs of the market.
Airdrops for free money
Nothing sounds good like free money. In 2024 alone, we received over $10k worth of airdrops. This will be critical to grow your portfolio.
DCA In and Out.
Buy in parts and sell in parts. This is well covered in the disciplined profit booking. Surprise! We are launching a profit-taking calculator. So, rest your emotions, let the math do the math for you.
Understand crypto risks
Crypto offers you great freedom and flexibility. But with it comes many risks.
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SUI: The support zone has not changed. Since the last update the price has only been consolidating sideways. The trend line is still holding but it´s starting to crack. Wave (4) support is located between $2.65 and $3.26. Wave (4) is due but there´s no confirmation that it has started yet. Overall the structure has not changed.
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ETH: I am not convinced yet that wave 4 has bottomed, even though there has been a reaction to the 38.2% retracement. However, the reaction was not impulsive and the price has not even been able to break above the previous swing highs. However, the price is in a region from where wave 5 should start.
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DOGE: The price seems to be working on a healthy wave 4 now. $0.34 and $0.288 are the next micro support levels.
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BONK: While wave c in circle wave 3 could easily be complete, upside extensions are possible as long as the price holds above $0.000030829. A break below this level would indicate that circle wave 4 is unfolding.
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DOT: Support for a possible wave (4) is located between $4.01 and $4.88. The price has reached the minimum expectations for wave (3) in the white scenario.
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SUI: This move to the upside in wave (3) is extended. No strong signal that wave (4) has started yet.
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BTC: Micro support is now $77,018 - $79,520. The wave count is now technically complete to the upside. While upside extensions are possible, I need to see more price data to come up with a clear roadmap for further upside extensions. That being said, as long as the price holds above $77,000 there is no evidence for a price top.
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ADA: The short-term pattern would look best with one more 4-5 pattern to the upside to complete wave (c) of A. A break below $0.404 would indicate that the circle wave B pullback has started. As long as this level holds, however, further direct upside extensions in this local impulse are possible. $0.4585 is next resistance.
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ADA: 2 updates in one day? Feels like the good old days. A break below $0.3925 would be an indication that the circle wave B pullback has started. As long as $0.3925 holds further upside extensions are possible in the yellow scenario.