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Today's Must-Read | Twitter Featured Views [November 13th]

Today's Must-Read | Twitter Featured Views [November 13th]

Renata2024/11/13 06:51
By:Renata

1.Biupa-TZC: The current situation of counterfeit products season from the perspective of Others

Judging from the current market situation, the counterfeit products season has not really arrived. The current increase is mostly due to market makers passively following the rise of Bitcoin. The increase of many counterfeit products is obviously lagging behind Bitcoin.
Bitcoin retreated from $90,000 to $85,000 (down 5%), while the Others index may fall from 290 billion to 250 billion (down 14%), indicating that the real counterfeit products season is still far away from us, and it is still the bull market stage of Bitcoin.
 

2.Bluntz: $SLERF circular bottom is a top trading opportunity

For a memecoin with liquidity accounting for 80% of its market value, $SLERF shows a perfect circular bottom and is one of the few S-level trading opportunities in the current market.
Trading viewpoint:
SLERF has sufficient liquidity, smooth bottom shape, meets top trading conditions, and is highly valuable in the short term.
 

3.Owen: Cautious outlook on Q1 veteran Meme coins

Some people have asked me about the tokens that performed well in Q1 ($PEPE/$WIF/$BONK/$FLOKI), and I want to clarify that I am relatively bearish on the medium- to long-term performance of these established meme coins.
Trading viewpoint:
Although I believe that $PEPE and $WIF may have a strong rise next year, overall, emerging meme coins will have more market performance potential. It is recommended that investors pay attention to newbie tokens with growth potential.
 

4.Bluntz: $WIF's classic reverse head and shoulders pattern breakthrough

Contrary to popular belief, if there is a confirmed breakthrough in trading volume, the success rate of the head and shoulders pattern and the reverse head and shoulders pattern is very high.
Trading viewpoint:
$WIF shows a classic reverse head and shoulders pattern breakthrough, and the trading volume confirms this breakthrough, indicating that the upward impulse has begun. It is expected to reach 10 dollars in the next few months.
 

5.Yuyue: Peanut's Legendary Road and the Cultural Revolution of Memes

Peanut is gradually becoming a legendary IP of historical level, and we are witnessing the writing of this history. The rise of crypto and meme culture are quietly leveraging everything, turning people from bystanders to witnesses who care about the historical process.
Trading viewpoint:
The main trend of the current market has been clarified, and $DOGE and $PNUT are expected to start a "spiral upward" mode.
$DOGE: As the leading and largest meme coin by market value, $DOGE plays a role in opening up the meme market space and may be the first to launch the DOGE ETF, continuing to lead the way.
$PNUT: With higher cultural and political value, it is expected to become the next $SHIB, with great potential.
For $PNUT, the current circulation is still relatively small, and it is particularly rare for outsiders to buy at a valuation of 5M to 50M. It is recommended to cherish the opportunity to obtain chips.
 

6.The honest Mr. Mai: The true gameplay of on-chain trading "truth" and Daikin Dog

On-chain players must be clear about one thing: top development teams (DEVs) will never let you easily make big money in the internal market.
My words are not aimed at anyone, but I hope everyone can take the following content as the truth - this is the summary I came up with after in-depth communication with dev.
Trading viewpoint:
Operation of high-level dev:
Top-level DEVs who can make "golden dogs" will always track the cost price and selling behavior of each buying address. Even if you get some cheap chips in the domestic market, it is difficult to lock in big profits because DEVs will make it difficult for you to hold for a long time through manipulation.
The actual situation of the internal plate:
If you hear someone claiming to have a 5% stake in the internal market and making a huge profit, it is mostly eye-catching. Dev usually doesn't let this happen easily, because once too many people hold internal market chips, their trading is also difficult to maintain.
Choose entry points carefully.
It is recommended that everyone chase the big orders of the Golden Dog project within the range of 500k-1M, instead of trying to get low-priced chips in the internal market, to avoid being misled by the high-risk and complex operations in the internal market.
Remember, anyone who calls you in the internal market either wants your group members to help support the price or wants you to help attract more funds. After understanding this logic, calmly choose a suitable trading strategy for yourself.
 

7.Eric | Day Trader: Analysis of the rise and sustainability of the Bitcoin bull market

From the current rise of Bitcoin ($BTC), although there are signs of a bull market, the sustainability is still not enough to confirm the arrival of a bull market.
Trading viewpoint:
Looking back at historical trends: After breaking through the previous high, the Bitcoin bull market in 2021 continued to rise for 42 consecutive days, and after the first retracement, it continued to rise for 98 days before reaching a high of $64,895. Currently, the rise in 2024 has just broken through the previous high of 7 days and has not yet fully demonstrated its sustainability.
Waiting for the best entry opportunity: A true bull market requires time and sufficient sustainability. Investors should remain patient and wait for the price to retreat to the key EMA moving average support level, which is an ideal opportunity for higher profit and loss ratios. Although small opportunities continue to emerge, such as the intraday volatility of Bitcoin exceeding 10% yesterday, large opportunities require waiting for the market to retreat to the key support level.
Mentality management: In a bull market, being eager to "make a profit" can easily lead to greater losses. Do not blindly chase high prices because of FOMO (fear of missing out), as the market will constantly create new entry opportunities.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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