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Cryptomarket Valuation and Opinion 11-11-21

By xuanling11 | Crypto Learning | 12 Nov 2021


Market Data Highlights

Bitcoin opens at $64K. It hits lowest at $64K and highest at $65K and stable around $63K ~ $64K. The average transaction fee is $4.03 which is a 11.51% decrease from 11-10-21. Fear and Greed level is at 77.

Ethereum opens at $4.6K. It hits lowest at $4.5K and highest at $4.7K and stable around $4.7K. The average transaction fee is $56.51 which is a 9.07% decrease from 11-10-21. Fear and Greed level is at 69.

Here are some highlights to support my analysis: 

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8dd564b860bc56181d9ae14460de7cd4b7b18827e5500ed81202656fe8425656.png

 

Bitcoin Value =  $59k ~ $69k and my position is Long.

Ethereum Value = $4.0k ~ $5.0k and my position is Long.

        

NFT market highlights:

The NFT market is down a little. Trading volume has decreased. Chain Runners are the new favorite of the NFTs latest collection with 263 ETH that has been traded in the last 24 hours.

ed5210056338b654835fc2667bf0fdcf45e73aa3f29097a4bfef94106cf8a06f.png

Current News Summary:

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Today’s sentimental news and comments:

Bullish News 📈

Miamis Mayor says residents will receive a Bitcoin dividend in a Miamicoin wallet.

Bearish News 📉

Crypto is now banned for Muslims according to the Indonesian Religious Council. The reason: the clear path of the profits.

Discord scraps Ethereum NFT plans following backlash from many users.

Scams are bullish for crypto as the market surges. Be cautious of any news.

Future Trend 🚀

The SEC confirms that Defi has an opportunity but regulations are challenging. They may signal further Defi adoption from the traditional financial institutions.

Millennials lead the great resignation as the crypto market continues surging up.

More crypto exchange platform submits applications for Singapore’s crypto license.

Hong Kong firm to offer insurance for Asian cryptocurrency holdings as the Asian regulations have not yet caught up the speed.

Scam Alert ⚠️

Scam: Quickmarket Option 

Reason: Crypto trading services require a minimum of $4K withdraw and even you met the requirement, there is no withdraw of funds.

Scam types: fake crypto trading services and no funds will withdraw even you meet their requirements.


Join my newsletter for daily articles updates and if you want to support my works to subscribe exclusive researches on crypto projects. I created a scam alert channel in noise.cash here and you can check out my channel here.

Thanks for reading and see you tomorrow!

b318bdad571e4de7cfc20ee27ba4f1c718de9a3e8c1218637d9ed2a3121ad50b.png


Photo by Yaroslava Borz from Pexels

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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 🚀🚀
💪💪 October 2021 Technical Analysis Summary 🚀🚀
💪💪 November 2021 Technical Analysis Summary 🚀🚀
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You can reference my previous daily Bitcoin & Ethereum analysis here ⬇️⬇️:
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📈
Cryptomarket Valuation and Opinion 11-02-21📉
Cryptomarket Valuation and Opinion 11-03-21📈
Cryptomarket Valuation and Opinion 11-04-21📉
Cryptomarket Valuation and Opinion 11-05-21📉
Cryptomarket Valuation and Opinion 11-06-21📈
Cryptomarket Valuation and Opinion 11-07-21📈
Cryptomarket Valuation and Opinion 11-08-21📈
Cryptomarket Valuation and Opinion 11-09-21📈
Cryptomarket Valuation and Opinion 11-10-21📉
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.

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