Bitcoin analysis (oct 17th) 💰

Bitcoin is now at the top of this bull flag we have been trading in for the last few months.

Some are saying price has broken out and will continue up, however I need more confirmation

I’d like to see it chop/retrace briefly before bulls step back in showing a clear breakout

Alternatively, if $BTC doesn’t breakout here, a move down to 50K, maybe even 48K is likely in my opinion.

My view is we could breakout at this point. Election round the corner looking like a Trump win, end of 2024, markets up, rate cuts…

Something like this maybe on https://t.me/aicrynode 😀

What I look for when aping Pumpfun projects :

👻MC and the age of the coin:

Pay attention to the MC of the coin and how long ago it has been created. If the MC is high but the coin is created only few minutes ago, it means either the volume may not be organic and pushed by wallets that could be part of the team. Or the coin has a large hype, which you can check that by looking at their socials.

👻Dex screener update paid or not:

This shows some level of the commitment to the coin, while the coin is during pumpfun and hasn’t graduated yet.

It is not a large commitment by itself but shows if the team has planned for dev update or not.
At the time of writing this, the price for dex update is $299.

👻Bubblemap:

By checking the bubblemap of the coin, you can easily see if any wallets are connected to each other. Once you are on bubblemap, you can see the transfer of Sol or tokens etc by selecting each from their top menu.

You can select, Sol, token, USDC transfers from the top menu. You see a button Sol etc which you can toggle by clicking on it.

👻LP, freeze authority and mint authority:

For Pumpfun coins, always these will be ticked yes as they are done through launchpad.

👻Top 10 holders, how much they hold, link to their wallets, is the wallet new or not, how much dev holding:

Check how much they of the supply is owned by the top 10 holders and if the wallets are new or not.

When there are too many new wallets( Marked with ✨) , most of the time (maybe not always) is not a good sign.

When the top holders hold majority of the supply, like more than 30% or even too little like below 10% majority of the time (maybe not always) is not a good sign either.

If the dev wallet is in top 10 holders, you can see it marked with “👨‍💻” which you can quickly see how much dev holds or if is not top 10 holders.

Along with checking dev wallet, you can also see how many coins launched on Pumpfun by dev and how those coins done.
The link to the Pumpfun profile of the dev, is also listed in the signals.

👻All the socials for the coin if there is any; TG, twitter, website.

You can easily check the coin socials which are listed in the signals as well. Keep in mind, on Pumpfun you can put any links for the socials so might be a good idea to double-check the socials to see if they are valid or not.

If no social listed,means at the time of the launch the dev did not provide socials for the coin.

Hope that is helpful to some of you 🤪

If you trade on Pump.fun read that 🔼

$BTC pushing up to 70K💰

We are so back 💰📈

$BTC ATH in the next 24hrs react thumbs up if you think so 💰