Quote from: vegasus on November 18, 2021, 10:59:46 PM

Quote from: MaMooN on November 18, 2021, 09:52:14 PM

bitcoin got up from last support at 39634  to new high resistance at 68827 , its about 73% , which mean bitcoin should be correct to 49000-50000

Why Bitcoin should be corrected to 49000-50000? Is it your theory or have you heard it from an expert? In my opinion, Bitcoin won't drop below $55k, there is a big support for that price. If Bitcoin drops below $55k, I am afraid that it will be the beginning of the next bearish season. Or what do you think to happen if Bitcoin really drops to 49000-50000?

according to fibo correction  bitcoin correct to 61.8% ( its at 50500) or below 61.8% ( at 50000)  correction

also moving average of 200 days at 49000

according to support level on weekly chart , support at 52000

all that just expect , may be you true , may be false

my mentor showed the fibo correction and ret chart of the bitcoin it really amaze me the power of 618 and golden ratio. may be the event are just coincidence of the fibo.

every  bull run crypto there is trend like blockchain,mining, airdrop, ICO, DeFI . The latest trend of today's crypto are NFTs, GameFi, Metaverse, P2E and themed coins like dogs, cats, moon and mars. IMHO Metaverse has the greatest potential of them all.

if we are basing on the bitcoin halving event and a four-year cycle, probably the bull run will end by mid-january up to mid of February, usually occurred the Chinese new year event.

let us consider that bitcoin is the gold standard of cryptocurrency, it can not be replaced anytime soon. new technology for blockchain may come and go but bitcoin will remain standing through the rest of time.

A $27 Billion Token Loved by Exiled Billionaire and Steve Bannon

Like so much in cryptocurrencies, there’s a lot to unpack with Himalaya Coin, which has quietly zoomed to an apparent $27 billion valuation in less than two weeks.

For starters, there’s the music video, “Hcoin to the Moon,” featuring exiled Chinese billionaire Wengui Guo smoking a cigar, hanging out on a yacht and driving a red sports car.

The song’s lyrics, most sung in Chinese, describe a bleak world: “Freedom, such a familiar word/But it’s unknowingly getting further and further away from me.” Other verses list the virtues of Himalaya Coin and the related Himalaya Dollar, a stablecoin tracking the U.S. dollar:

Security guarded by the most advanced encryption technology

No one can take your wealth away from you

Stablecoin, floating coin, unparalleled in the world

And 20% gold reserve attached to the value

The chorus screams over and over in English: “Welcome to the world/To the new world/Welcome to the world/Hcoin to the moon.”

“To the moon” is notable because that has become a rallying cry, the guiding hope among crypto traders that the price of a holding will surge enormously.

But support from Guo and Steve Bannon, the former Donald Trump adviser, suggests there’s more than just crypto-cheerleading at work with Himalaya Coin.

Guo and Bannon have waged a public campaign against the Chinese government for years, and comments last week from Bannon indicate this is the latest front in that battle. Himalaya Coin’s debut this month also stands out because, in September, China widened its crackdown on the use of cryptocurrencies.

Guo has touted the digital token on social media, and has a business relationship with the exchange where it trades, according to the chief executive officer of that marketplace. Bannon, during an interview last week, called Himalaya Coin’s debut “monumental” and put it in the context of his fight against China. “If you look at the institutionalization of the counteroffensive to the Chinese Communist Party, it’s pretty impressive,” Bannon said.

Himalaya Coin only appears to trade on the Himalaya Exchange. It’s not included in CoinMarketCap’s long list of global cryptocurrencies, which has become the de facto source for digital token valuations. On the Himalaya Exchange, its price has jumped from 10 cents when it started trading at the beginning of the month to about $27 now.

source : https://www.bloomberg.com/news/articles/2021-11-12/a-27-billion-token-loved-by-exiled-billionaire-and-steve-bannon

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As reported, by the end of this year China’s Guizhou province planning to build 4,500 to 5,500 charging stations by 2023 as it will focus on providing a station for every town and 20% of car parking bays in shopping malls.