Market Data Highlights
Bitcoin opens at $64K. It hits lowest at $62K and highest at $64K and stable around $63K ~ $64K. The average transaction fee is $3.42 which is a 15.14% decrease from 11-11-21. Fear and Greed level is at 72.
Ethereum opens at $4.7K. It hits lowest at $4.5K and highest at $4.7K and stable around $4.7K. The average transaction fee is $52.22 which is a 7.59% decrease from 11-11-21. Fear and Greed level is at 67.
Here are some highlights to support my analysis:
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 along with the Ethereum price for the first time since October. It seems the market has cooled down a bit. The weekend is low volume trading time and it can give a hint of the next week's movement. It seems the next week will need a break of the market.
Current News Summary:
Today’s sentimental news and comments:
Bullish News 📈
AMC starts crypto payments to accept Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
The Crypto market is betting on Metaverse’s future in the short term as Meta-related tokens’ prices surged.
Bearish News 📉
Nigeria's central bank shuts down users’ accounts with crypto activities aimed to prevent crypto from spreading out.
Future Trend 🚀
Seems like younger generations prefer to pay in crypto than fiat currency.
The economy hasn't been growing since 2008. It is all illusions after all!
Disney goes into NFTs as many of their creations including Marvel will have NFTs.
The CFTC sees 60% of crypto are commodities.
The SEC rejected spot market Bitcoin EFT and cited it as prone to fraud and manipulation.
Scam Alert ⚠️
Scam: LP Token
Reason: Fake liquidity tokens to steal money away from investors.
Scam types: fake crypto liquidity pool, fake token.
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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 🚀🚀
💪💪 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📉
Cryptomarket Valuation and Opinion 11-11-21📈
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.
