📊 Bitcoin just hit $67000

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Profiting From Market Trends By Tina Logan

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think your self rich.

The Secret of Miracle Power for
Infinite Riches

JOSEPH MURPHY.

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🟠 Binance Fined $4.3M by Canadian Financial Regulator for ‘Administrative Violations’.

Canadian 🇨🇦 regulators hit Binance with a C$6 million ($4.3 million) fine on Tuesday, alleging the #crypto exchange committed two separate “administrative violations” of the country’s financial regulations.

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🔮 XRP Price Prediction: Will the $0.60 Supply Zone Make or Break?

✔️ Ripple's [XRP] recent surge of 11% owes some credit to Grayscale's XRP Trust inclusion, but it now faces a critical juncture near the Q3 supply zone at $0.60.

🐋 Whales have historically capitalized on this zone, triggering profit-taking. Is history set to repeat itself in XRP's price prediction?

🔄 The Q3 trend has been promising, with July's recovery and August's legal win against the SEC pushing XRP close to the pivotal $0.60 level.

⏰ As we approach this zone again, a potential rejection could see XRP dip to $0.54, offering shorting opportunities amidst a cooling market.

📉 However, if XRP manages to turn the supply zone into support, re-entry becomes an attractive option amid optimistic expectations of Fed rate cuts.

📈 Technical indicators like RSI suggest room for further upside, but overbought signals from stochastic RSI emphasize the importance of monitoring this crucial level.

💱 Exchange data reveals reduced selling pressure, as inflows on Binance dropped significantly. This aided the ongoing uptrend.

🐳 Yet, caution is warranted as past trends indicate that a rally to $0.60 might entice whales to offload their holdings once more, potentially derailing XRP's ascent.

💫 Speculators eye alternative entry points at $0.54 or even $0.50 if the bearish scenario unfolds, unless a strong post-FOMC rally in risk markets flips the script.

🪙 The future for XRP hangs in the balance as it navigates this make-or-break supply zone amidst both bullish and bearish factors vying for control.

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☀️ Arbitrum hits all-time low, forms double bottom: What now?

🚀 Promising Start, Recent Struggles
Arbitrum [ARB] made a splash at its launch, but the excitement faded as it dropped below its initial price. The formation of a double bottom pattern on the charts suggests a potential turnaround.

🔍 Signs of Hope
While the reversal isn't confirmed yet, some analysts see a glimmer of hope. Historical trends point to a potentially bullish Q4 for the crypto market, and technical indicators like the MACD are showing positive signs.

📈 Growing Adoption
Despite the price decline, more addresses are embracing Arbitrum's Layer 2 solution on Ethereum. Scalability and cost reduction remain key drivers for this project, with the innovative Arbitrum DAO gaining attention.

🧠 Balanced Sentiment
Market sentiment seems evenly split between long and short positions, indicating uncertainty. However, this neutrality aligns with the broader market downturn and hints at cautious optimism.

⏳ Unlocking Potential
In just days, a portion of ARB tokens will be unlocked. Such events can impact short-term prices, but it's crucial to consider Arbitrum's long-term fundamentals and overall market conditions.

💡 Room for Growth
With ARB currently priced at $0.51 and a market cap of $1.8 billion, there's potential for growth if the crypto market bounces back. Investors are keeping a close eye on both technical indicators and on-chain metrics.

🏃 As always in the crypto world, nothing is certain. But if conditions align favorably, ARB could see a brighter future ahead.

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🪙 Bitcoin Dominance Slips to 53%: Time to Bet on Altcoins?

🥇 Bitcoin's Struggles Continue
Bitcoin [BTC] has been facing a tough time, with its price struggling below $60k. But it's not just the price that's causing concern; BTC's dominance in the market is also slipping.

🔶 A Declining Trend
Data from CoinStats shows that Bitcoin dominance has been on a downward trend, currently sitting at 53%. This drop is significant and could indicate a shift towards altcoins.

☄️ A Warning from the Charts
Crypto analyst Sensei points out that BTC's dominance has fallen below a crucial support level, hinting at further price drops. The Relative Strength Index (RSI) also paints a bearish picture.

🐻 Bearish or Bullish?
While this may seem bearish, history tells us a different story. A similar decline in BTC's RSI last year marked the market bottom and led to a bull rally.

💡 Market Bottom in Sight?
Glassnode's data suggests that BTC's possible market bottom was around $63k, well above the current price of $54,706.58. This could mean that further downside is limited.

⬆️ A Marginal Recovery
After a week of correction, Bitcoin managed to push its price up slightly in the last 24 hours. This could be a positive sign for investors.

➡️ In conclusion, while Bitcoin's dominance is slipping and there are warning signs on the charts, the possibility of a further price drop may be limited. It might be time to consider diversifying into altcoins, but as always, do your research before making any investment decisions.

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📈 DOGS Set for a 40% Rally, Predicts Expert – Here's Why

🐶 DOGS, the dog-themed memecoin on the TON blockchain, has been a wild ride. With over 516 billion tokens in circulation, it's distributed to active Telegram users.

🕯 The price of DOGS has been up and down, hitting an all-time high of $0.001633 before dropping by 32%. But there's hope yet.

🏃In the past day, DOGS has seen a 9% increase, bouncing back to $0.001094. And Captain Faibik, a respected analyst, sees more gains ahead.

📊 Captain Faibik points to a bullish pattern called a Falling Wedge on the hourly chart. Breaking out could mean a +40% rally in the short term.

💰 Whale transactions may be cooling off, but DOGS' Open Interest is on the rise. Traders are positioning themselves for potential moves, with Open Interest now at $1.40 billion.

⚙️ With all these indicators in play, it seems like DOGS might just have its day. Hold on tight – this memecoin could be going places!

Disclaimer: This article is not financial advice. Always do your own research before investing.

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