- The blocmates Newsletter
- Posts
- 📊 Key Areas for BTC & Altcoin Hopium:
📊 Key Areas for BTC & Altcoin Hopium:
Plus all the DeFi news and new projects to watch!
“$500 stimmy airdrop? Every Week? For playing a game? I’m in.”
Join me at YEET.com! $500 weekly, exclusively for our readers:
Sign up using the Link
Stay active
That’s it. You’re in the mix.
They’ve already released some pretty cool crypto-themed games, and with football (not soccer) season back, their upcoming sportsbook couldn’t be dropping at a better time.
So if you fancy a punt, go have a play. Just remember, as always: gamble responsibly.
GM, the bearish prophecies are turning out to be true.
At least for now. Yesterday, we flagged the $103K failure as the first step towards swiping down $100K again, and it’s precisely what happened. So, where to from here?
Over the next few days, I expect a chop around the $96-97K area, with $96K being a key level to hold on higher timeframes. Only if this area holds can we discuss reclaiming $100K, which is crucial in regaining some bullishness for Bitcoin.
Unfortunately, the TradFi side seems to be merely beginning its selloff, and if these things compound, while BTC fails to hold around $96K, we could have a truly bearish scenario on our hands.
As we said, take it slow during this month, and perhaps even December.
Not all things crypto are looking so gloomy, though. For example, there`s still a chance for altcoins to outperform during the subsequent recovery. And yes, there’s always a recovery.
For example, keep a close watch on this TOTAL3/BTC chart. There are clear signs of outperformance during this nasty BTC dump.
Moreover, Bitcoin Dominance looks more than bearish. If these factors hold all the way until BTC finds a bottom, I think there’s still some fun ahead for our beloved alts. Remains to be seen.
Got questions, opinions, or feel like having a chat about the market? Hop in Hix0n’s Hideout free Discord channel and join the crew!
👇 And if you haven’t yet, hit subscribe below 👇
The important bits.
XOMarket adds deposits for BNB, read here
Newton Protocol is now brought to 200K developers, read here
Stack Explorer by Saga will be live tomorrow, read here
Kyan Trading Competition opens November 17th, read here
PreStocks partners up with Bitget Wallet, read here
Almanak features automated trading strategies for LINK, check it out here
Plasma announces largest payment partnership with Zerohash, read here
Kalshi announces Coinbase partnership, read here
Polymarket partners with TKO to bring prediction markets to UFC, read here
Aztec L2 announces a public token sale, tokenomics here
Abstract announces an AI accelerator program, apply here
Eigen Layer announces partnership with Layer Zero, read here
Trade(xyz) announces TSLA perps, read here
Even more important bits.
Charts and stats of the day.
HyperUnit surpassed $50B trading volume, read here
Uniswap reached its highest-ever trading volume in October, chart here
Don’t miss out on the daily blocmates news bulletin with Gaz! Tune in here.
Telemetry data of the day.
PumpFun + Bonk trending tokens for the last 24h:
If you want to access more of this type of data and trade freshly graduated tokens on PumpFun of Bonk, visit Telemetry here (it`s free).
To save you doom scrolling.
Not a funny one for today, but it seems the privacy meta will continue:
Again, take it slow and don’t let the chop get you. I`m taking some time off for the next few weeks, so expect Lavina to take you through the next episodes. Take care for now and see you all again soon!
stay safe homies,
Hix0n 🫡
Reply