Solana and BNB are great projects, bought are alternatives to Ethereum since the high transaction fee problem of Ethereum started, these two alternative chains started to rise.
But the difference here, BNB got an Exchange which is Binance, while Solana, doesn't have a centralized exchange that is into it, FTX but not really, FTX got FTT. So I am expecting BNB will be able to reach $1000 first. But once the Solana will start to flip the TVL of Binance Smart Chain for Defi or other projects, Solana got high chance to overtake BNB.
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Lately trading have become a such of livelihood for some traders as some have turned to cryptocurrency trading to meet they daily needs and pay their bills, but have been wondering which is more profitable and less stressful since trading is base on quality decision. Should one trade passively or just trade once in a while for both emotional and physical well being.
Seasonal was good compared to the passive trading.If we keep do passive,the dump will get all your dollars to less.I had loss nearly 500$ from my investment of 1500$,by just holding.I had forgot to take care of holding,when and back and see my wallet.I had huge shock.Because 500$ was one third of my investment was get into loss. This is very difficult and will also differ on what is your strategy. I know some people who are owning for just holding like finding a gem that could lead to 10x or more than like that for a period of time, it's like more on fundamental analysis with technical analysis too. So, for me, passive or seasonal trading is good, it's just how you do it. I believe that passive got less risk since it's like you are not actively participating to the market from time to time.
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I believe these new layer 1 networks are popping around as just an alternative for Ethereum. Ethereum is indeed beauty for me in the smart contract platform and it is proven since Ethereum started. Scalability is only the issue, and for sure scalability is much better to solve and easy than "decentralized".
I am no hater of Solana, I support and using this network too for the past few months. No need to compare Solana and Ethereum here, very far that Solana will flip Ethereum, both projects are good and have an active communities, more updates are coming for these projects.
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For the past few months, there is already a lot of competitors for Chainlink is a decentralized oracle network, especially on different chain networks. But I do believe chainlink will still grow especially it will support multiple networks. The best thing to do on Chainlink is to use a higher timeframe and zoom out. I don't see any bear sign for Chainlink. More sideways are still expected for me on Chainlink. Nothing to worry. $20 is the strong support for Chainlink.
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Very possible. For me, for the past few months, alternatives to the Ethereum blockchain network started to pop and started to gain someplace in the top (highest market cap). So for me, it's not only Fantom that could make it to Top very soon, most blockchain networks especially smart contract platforms would be on top especially this Fantom with active community and developers.
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I don't think we can consider it as a "main" trading indicator, it will always differ from the trader using it. Maybe we can call it "popular" which most of the traders are using it. So for me, it always comes with moving averages, volume indicators, momentum indicators like RSI.
For me, I am not really a fan of complex indicators, simple moving average and momentum indicator like stochastic RSI is already good for me.
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I can say as a trade, "It is not always the best time to trade, there is always opportunity". If your technique or analysis to trade is not on sideways, like swing trading, supports, and resistances, then sideways is not your cup of tea. There are also some traders who are sideways with the power of leverage of course and they are killing it.
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The end of the month of November is fast approaching. So, the monthly candle close is very important this time. The worst case for me is we will close below $50,000. And there's a possibility again we will be visiting $30,000 - $40,000 until next year. But I am positive this time it won't happen. We stay above $50,000 until next year is healthy correction for me, even we will not create another new all-time high until end of this year, it's all good.
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Good analysis, but you should consider the July to August, price of Bitcoin those months are sideways not on upward compare to this previous month until this month of November which is just started to fall and touch your green line support. Overall, it's good especially if we will try to test again that support 1 more time and it will not break downward.
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True, we will never know the highest price that bitcoin can make because of its potential. Although sometimes we doubt and we feel negative when the market isn't going according to what we like.
The lesson of the past will still guide us to the future despite doubts price is still hitting landmarks. The dollar value of bitcoin now is more appreciated IMO because I don't know how much the dollar has been devalued from like 10 years ago but I understand that the demand for the dollar is still high and it could be a hedging instrument with bitcoin. Additionally here is the hyperinflation. We all know how inflation is affected by multiple countries. Since Bitcoin can solve it, we can consider it also a reason why Bitcoin is still here and value keeps increasing. Long term goal for Bitcoin is always important, we don't know how much Bitcoin price can go up or down.
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Are you referring to this project? https://www.coingecko.com/en/coins/fandom-chainI check this project and this is another chain or blockchain network, and it is a layer 1 protocol. It's like a scam? I checked their GitHub profile, only 6 commits? really no activities. Please be careful here if you are referring Famdom token on the link I sent.
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Bids and volume of on supports are too strong, especially if you will use a higher time frame and identify supports and resistance.
Speaking of resistance become new supports, a lot of traders using this as an entry. Once resistance broke, or previous resistance/support, that's the time they are entering on a trade or on a pullback from that support/resistance.
For me now, $50,000 is a very strong support level right now, we must hold that support until end of this month.
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Closing below $50,000 daily is very dangerous for Bitcoin until the end of this year. That's why even Bitcoin will visit below $50,000 again any day of this year, we should just close the yearly candle above $50,000. And Bitcoin will do sideways next year $30,000 - $50,000. I can still consider it's not the end of the bull run. We already got a lot of volumes.
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I am looking forward to Kusama too since I own Polkadot (DOT) too. So for sure, if you support Polkadot, you should support Kusama too that's why I own these two coins too.
Next year could be the best day for the Polkadot ecosystem and Kusama too especially since the first parachain auction in Polkadot is already done. I am hoping too that we will still not go to the bear market until next year so we will see how Kusama will perform.
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Just a correction from a previous all-time high of Bitcoin or crypto market cap. If you take a look at the Fear & Greed index of Bitcoin right now, we are currently on Fear, not that much fear. But last time we went to the fear index, after a few days, Bitcoin went to create multiple all-time highs. So for me, nothing to worry about. Just zoom out the chart and relax.
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For me, a danger for Bitcoin once Bitcoin will close the daily candle below $50,000. Especially the monthly candle closing is fast approaching, with few days left. And last month of the quarter or the year, these days is a very important date and time for Bitcoin. It's like the deciding part, even Bitcoin won't reach $100,000 this year, my only wish is don't close below $50,000 when this year ends.
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https://bscscan.com/ is your friend. You should double-check your transactions there. If the amount is deducted from your balance then it went through for sure, it could also problem with their smart contract if your transaction didn't credit from their platform. Be careful, it could be a bug from their platform.
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These "meme" coins for me are just a part of a trend. One of the examples is Dogecoin, there are some people that their indicator before is Dogecoin, once Dogecoin is started to pump. It's kinda a sign that Bitcoin will do a run, like creating a new all-time high. After that, the trend lay low as the price of dogecoin also dumped, so for now, there are already a lot of "meme" coins so for me, this trend will not stay longer. They could come back again.
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CRO is like FTT, FTX Exchange also bought Miami Arena now FTX Arena. As always, pure advertisement. The price of FTT before did pump after announcing that they purchased the Miami Arena and after a few hours/days, it dumped. So I think it's normal, there are buyers and sellers. Just a normal buy the rumor, sell the news.
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Going out and avoiding watching charts from time to time or the price of Bitcoin is good for me. If you are here for the long term, you should not be worried about the price of Bitcoin right now. We just created all-time high a few days ago, so for sure this is just a correction.
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