Today's Must-Read | Twitter Featured Opinions [1st November]
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Renata2024/11/01 09:09
By:Renata
articipation-driven projects. Therefore, it is recommended to focus on projects with institutional backing for more stable returns.
See the original text :
https://x.com/DivingObserver/status/1852209876543210987
See the original text :
https://x.com/connectfarm1/status/1852214188455924172
Benjamin Cowen: $BTC Trading Outlook - Be Cautious of Q4 Cycle Rebound Expectations
Benjamin Cowen reminds investors that it is not advisable to be too optimistic about the current cyclical rebound of $BTC. He pointed out that if the current upward trend is only a "shadow" and the Closing Price falls below $70k, the downward pressure brought by Monetary Policy may prevail in Q4.
From a trading perspective, Cowen believes that if $BTC closes below $70k, it may further suppress market sentiment, causing #ETH and other counterfeit products to face deeper "liquidation" risks before the end of the year.
See the original text :
https://x.com/intocryptoverse/status/1852080981479493944
Mayne: Trading strategies that approach price discovery ranges
Mayne shared his trading views when approaching price discovery, reminding investors not to be confused by the market's frenzy. He pointed out that at the end of the cycle, there may be some unrealistic price targets, so developing a clear exit plan is particularly crucial.
Overview of trading strategies
A. Market structure
Mayne pointed out that history shows that when the daily market structure is broken at the bull market high, it usually means that the top has arrived. In this cycle, he will not only rely on the daily market structure, but also refer to the more reliable 3-day market structure to confirm the top signal.
B. Portfolio objectives
He has set several conservative and aggressive investment portfolio goals. As these goals are gradually achieved, he will lock in profits in batches and gradually exit the market.
C. Price target
Mayne tends to set conservative price targets. In 2017 and 2021, he gradually sold in the range of $10k and $40k- $50k, although he did not hit the absolute high point, he was not far from it. When the price fell by 50%, he was satisfied with his choice.
Mayne's strategy is to lock in profits and avoid passive losses when the market falls. He pointed out that if the market structure is broken and rebounds strongly again, he will consider re-entering the market. His goal is to get as close as possible to the top area without accurately predicting the high point. For $BTC, his conservative target is $100k/$110k, while his aggressive target is $150k.
See the original text :
https://x.com/Tradermayne/status/1852092555883905481
Crypto Stream: Focus on $ACT - an innovative Memecoin that drives research
Crypto Stream believes that $ACT is currently one of the most interesting proxy tokens, with the following key factors behind it:
A. Funding mechanism
ACT serves as a funding source for a research laboratory to study dynamic interactions between multiple agent
B. DAO structure
Similar to a DAO, using cryptocurrency quotas for different researchers.
C. Research interaction
The research team will observe the interaction behaviour of various models (and humans) on Discord and social media platforms.
From a trading perspective, Crypto Stream describes $ACT as a goal-driven memecoin, similar to some charity memecoins in 2021, but more focused on multi-agent behaviour research. Although he is optimistic about the growth potential of this model, he also warns investors that there are risks because the deployers of $ACT are not crypto developers, and their main interest is in AI behaviour research rather than driving token prices up.
See the original text :
https://x.com/CryptoStreamHub/status/1851916871576228127
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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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