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Update: I included a new section on scam alert just to let you to aware of the scammers or potential scam projects.
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Market Data Highlights
Bitcoins opens at $60K. It hits lowest at $60K and highest at $64K and stable around $62K ~ $63K. The average transaction fee is $3.11 which is a 18.04% increase from 11-01-21. Fear and Greed level is at 73.
Ethereum opens at $4.2K. It hits lowest at $4.1K and highest at $4.5K and stable around $4.5K. The average transaction fee is $51.83 which is a 5.20% increase from 10-31-21. Fear and Greed level is at 67.
Here are some highlights to support my analysis:
Bitcoin Value = $55k ~ $68k and my position is Long.
Ethereum Value = $3.5k ~ $4.0k and my position is Long.
NFT market highlights:
The NFTs market slow down a bit due to Ethereum ATH. The market is cheering on Ethereum's successful upgrade and hash rate shoot up with more volume of trading in. The NFTs market continues growing.
Current News Summary:
Today’s sentimental news and comments:
Bullish News 📈
Ethereum hits all-time high again. Likely the price is driven by NFTs and NFTs market swallows Defi.
ETH Whale bought Shiba and hopes it will run higher. An Ethereum version of Doge is becoming fully-fledged.
Bearish News 📉
Earlier this year, I observed that Binance is centralized and their products are centralized tokens. Now they withhold your assets and do not allow you to outflow from their change platform. They are centralized just like central banks.
Future Trend 🚀
So this is how it works in the government’s mind. Bitcoin is the standard and the rest is securities? An easy way out for tax regulation but the more complicated path of crypto future.
Singapore is ready to position itself for the crypto future.
Asia-Pacific rushes into NFTs trend.
Defi is going to face regulations soon.
Scam Alert ⚠️
Another scam alert that Ethereum domain name service ENS token ($ENS) cannot sell! So don't fall for that after the Squid Game Toke rug pull!
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Thanks for reading and see you tomorrow!
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You can reference my previous monthly Bitcoin and Ethereum analysis here ⬇️⬇️:
Note:some links refer at the beginning of next month that include all previous month links of reports
💪💪 January 2021 Technical Analysis Summary 🚀🚀
💪💪 February 2021 Technical Analysis Summary 🚀🚀
💪💪 March 2021 Technical Analysis Summary 🚀🚀
💪💪 April 2021 Technical Analysis Summary 🚀🚀
💪💪 May 2021 Technical Analysis Summary 🚀🚀
💪💪 June 2021 Technical Analysis Summary 🚀🚀
💪💪 July 2021 Technical Analysis Summary 🚀🚀
💪💪 August 2021 Technical Analysis Summary 🚀🚀
💪💪 September 2021 Technical Analysis Summary 🚀🚀
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You can reference my previous daily Bitcoin & Ethereum analysis here ⬇️⬇️:
Bitcoin & Ethereum Valuation and Opinion 10-23-21📉
Bitcoin & Ethereum Valuation and Opinion 10-24-21📈
Bitcoin & Ethereum Valuation and Opinion 10-25-21📉
Bitcoin & Ethereum Valuation and Opinion 10-26-21📈
Bitcoin & Ethereum Valuation and Opinion 10-27-21📉
Bitcoin & Ethereum Valuation and Opinion 10-28-21📉
Bitcoin & Ethereum Valuation and Opinion 10-29-21📈
Bitcoin & Ethereum Valuation and Opinion 10-30-21📈
Bitcoin & Ethereum Valuation and Opinion 10-31-21📉
Cryptomarket Valuation and Opinion 11-01-21📈
You can reference my Bitcoin methodology here and here.
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You can reference my previous daily Dogecoin analysis here ⬇️⬇️:
Doge Analysis 12-28-21📈
Doge Analysis 01-01-21📈
Doge Analysis 01-02-21📈
Doge Analysis 01-11-21📉
Doge Analysis 01-28-21📈
Doge Analysis 02-04-21📈
Doge Analysis 02-07-21📈
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Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.
