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Why is BTC Showing Bullish Signs This November?
The Altcoin Down 97% and Ready for a Revival?
Kierin M
October 27, 2023
207 Onchain Edge subscribers.
GM! First, Welcome all the new Morning Edge subscribers. Happy to have you here. I hope you can make the best of the next rally with the tools and strategies I share. 🍵
Enjoy!
Onchain Edge
This is what we will be covering today.
Stablecoin Dominance & BTC: Drop in stablecoin dominance signals a bullish trend for crypto, with BTC showing potential bullish moves.
BTC Monthly Returns: Historical trends suggest a 60% chance November will continue the October trend.
ETH Analysis: Despite a recent bullish divergence, ETH shows a bearish trend on the weekly timeframe, but BTC seems more promising currently.
Altcoin Trade Idea: [Confidential] current price suggests a good entry point, especially between $38 and $50, for long-term trades.
Before we start please help me out and share this tweet mentioning this analysis!
🔥 Will $BTC go up by 449% in November?
maybe...
Here's the most recent market analysis
(full version: onchainedge.beehiiv.com/p/why-btc-is-b…)
1️⃣ Stablecoin Dominance & BTC
A drop in stablecoin dominance signals a bullish trend for crypto, with BTC showing potential bullish moves.2️⃣ BTC… twitter.com/i/web/status/1…
— Onchain Edge (@onchain_edge)
5:41 PM • Oct 27, 2023