Guruprasad Venkatesha
Guruprasad Venkatesha 2 minutes reading from Bitcoin

BTC is the Best Bet for the Next Bull Cycle in 24 Hours

GM! btc has moved barely 200 in the last one day of trading. There is no trigger for now & markets are awaiting the beginning of November for the next move. Last year, it was in November that we stepped into bear markets. Support at 18200-17400 & resistance at 19700-20200

ETH has made a ground within 1260-1330 for sometime which is getting very strong. ETH shouldn’t break 1220 at any cost else we will see levels below 1k but a clear break out above 1430 can lead to rally. CME gap at 1200 was filled recently. Next one is at 2600

altcoins are rallying since two days as btc & eth are stable but some days shitcoins are rallying & other days we see large caps rallying so it’s a mixed bag. Good to play for quick returns but SL is a must. What we have observed is smaller SL will get hit so play wisely!

I won’t change my bag for the next 2-3 years. So it remains the same. BICO DOT MANA MATIC LRC THETA BIT OCEAN CAKE FTT BNB BCUBE RARI NEAR MOVR GALA are my best bets for the next bull cycle in 2024! Crypto cryptotrading 1000x 100xgem Cryptocurrency

Summary: BTC is looking weak & don’t think it’s stabilizing here for a big pump. That’s not going to happen. I would say it’s waiting for a trigger to dump hard. If it was that strong then that would be trading above 20k which is not the case but spot traders are accumulating

I think prices will be lower around Christmas as every year there will be profit booking at that time. This is the time to get quality coins at cheaper prices. Good coins will surely bounce back in the next bull run in 2024! crypto

This post is based on this twitter thread.


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