So, Dogecoin’s price decided to be generous and increased by 10% in the last 24 hours. Why? Apparently, the Bitwise Spot Dogecoin ETF is about to be launched, and everyone’s on the edge of their seats. No one saw that coming… except maybe, you know, everyone who’s been watching crypto for 5 minutes. 🙄
According to Cryptoquant’s latest missive, their Bull Score Index has plummeted to zero-a number as devoid of life as a society hostess’s heart. This, they declare, signals an “extremely bearish” posture, a phrase so dreary it could only be uttered by a man in a velvet smoking jacket, sipping absinthe. 🦹♂️💔
Enter Ali Martinez, the analyst with the answers (or at least, some numbers to point at), who has laid out the crucial support levels if Bitcoin’s fall continues, and the $100K support turns into a distant memory of a wild and crazy time in the market.
Cardano’s multi-year triangle is about to finish, and I’m 100% sure it’ll go up. Or maybe not. The $0.51 level is the “make or break” point, which is basically the crypto version of a parent’s “I’m disappointed in you” look. 😬
As if the whole situation wasn’t already enough of a headache, concerns are swirling like a cyclone over its impact. From the economy to the financial markets, everything seems to be caught in this bureaucratic Bermuda Triangle. Analysts are on edge, pondering how much longer this impasse will stretch, and, of course, what sort of delightful economic consequences await us in the coming days. Hold on to your wallets, folks. 😬
Well, well, well. What do we have here? JPMorgan Chase, that reliable titan of finance, has decided to give Bitcoin a big hug through BlackRock’s Bitcoin ETF. Meanwhile, Ethereum? Not so much. In fact, they’ve tossed it aside like last season’s fashion trend.
However, our sagacious crypto oracle, Ali Martinez, has sounded a cautionary note. He warns that the $0.20 level is a veritable fortress, where a hoard of 11 million tokens lies in wait, ready to pounce. One might imagine the scene as a medieval siege, with investors armed with nothing but hope and a pocketful of coins.
On the eighth day of November, a figure renowned in the realm of crypto-numbered among the analytical elite-Ali Martinez, with his surfeit of charts and arcane graphs conjured from the firm known as Glassnode, illuminated a peculiar pattern. The analysis he presented indicated a new level of resistance for our dear Dogecoin, resting like a profound epiphany during this tempestuous period of markets.
Trillions shuffle across borders via SWIFT-a network so antiquated it practically runs on fax machines and good intentions. Settlements take days. Costs pile up like unpaid dinner invitations. The world loses more than $120 billion annually just waiting for money to arrive. One might think we’re living in the future. Alas, we are not. We are living in bureaucracy.
But lo! This isn’t merely a fleeting fancy in the minds of traders. With a torrent of spot ETF inflows tipping the scales at $640k for dear LTC, the coin has managed to reclaim its former glory and escape the loathsome confines of a months-long bearish channel. The perfect mélange of whale accumulation and on-chain activity has concocted a whirlwind, leaving our dear privacy protocols in the forefront. One might say, “How jolly to be a part of it all!” 🎉