October 18th, BTC flying solo? ETH's layover is coming, and the ultimate destination for altcoins is 0.
The way BTC and altcoins are cooperating is extremely dangerous. One wrong move and they could be buried.
Currently, BTC is in a precarious position for both long and short positions. Try to control your hands as much as possible. On the other hand, most altcoins are experiencing a downward trend. If BTC were to drop directly, many altcoins would not be able to withstand it. Additionally, the flow of funds for BTC is mostly outflow, with no signs of bloodsucking or capital absorption. Therefore, it's best to observe more and act less!
The trend of ETH is really weak. Since being led by a wave of rhythm, it has been struggling. Currently, there is suspicion of a bottoming pattern for ETH, a triple bottom. It's important to note the position at 1636, which is the 50% Fibonacci retracement level. In the larger time frame, it still looks bearish, so the position at 1636 may develop into a bearish 5-0 pattern, meaning it will continue to decline at this point.
October 18, 2023 Hot Altcoin Views
Ethereum Foundation held a conference call for EOF implementers.
APT project has excellent technology and team, currently ranked around 30th in market value, with high potential to enter the top ten in the bull market. It is recommended to buy at the current price and add more on the way down.
MXT's collaboration with Stanford University was reported on Korean TV.
EGLD - There will be a major conference from October 19th to 21st, which may announce positive news.
VGX current price is 0.119, suitable for short-term long positions as it is expected to be acquired by BitMEX exchange.
TOMO current price is 1.49, suitable for buying as it has recently rebranded.
HOOK current price is 0.74, breaking through the falling wedge pattern, suitable for ambush as it is expected to rebound.
FIL has risen by 6% in five days, following the trend of the market leader, with short-term support near 3.
Dogecoin is currently in a fluctuating market, with the price stabilizing at the bottom, and a new round of rebound is imminent.
Time waits for no one, and the cryptocurrency circle is no exception. Join the high-end exchange circle, seize the opportunity, and lay out for the bull market in September and October! Welcome to scan the QR code above to join the discussion group.
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