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Cryptocurrency News Articles

$11,000 Profit in Hours!

Nov 07, 2024 at 08:24 am

Bitcoin’s been on an absolute tear today, blasting past its all-time high and taking the rest of the market for an epic ride!

$11,000 Profit in Hours!

Bitcoin price shot past its previous all-time high today, taking the rest of the market for an epic ride.

The Empire community is buzzing, with students pulling in some impressive wins. Our Co-Founder Mathew Ceddia kicked things off with a massive $11K profit in just a few hours, leading the way for others to follow.

We’ve had standout trades, like a 1000% gain on RUNE and 500% on FTM—and that’s only scratching the surface of what’s gone down in the last 24 hours.

But now the big question: where does Bitcoin go from here? Let’s dive into it!

My NEXT Bitcoin Targets!

Amid all this hype and FOMO, it’s easy to get swept up. But having a game plan is key, and I’m sticking to mine.

Here’s what I’m watching next:

I’ve been using this Fibonacci setup since we hit the 2021 highs and later dropped to $15.5K. It’s served me well, helping me reach all-time highs in my account. This strategy, combined with strong fundamentals and ALPHA news driving this breakout, has been rock-solid for me.

Devil’s Advocate – Is This a ‘Sell the News’ Event?

Bitcoin’s been on a rocket over the last 48 hours, and altcoins like RUNE, FTM, PEPE, and AAVE have jumped over 20%. But with such a massive pump, are we set for a cooldown before the next move up?

There’s plenty of buzz—especially with Trump’s pro-crypto stance and rumors about Elon Musk being tapped for the Department of Government Efficiency, which pushed DOGE up 45%! But could a market correction be on the way?

I’m keeping a close watch on the 113% zone. If Bitcoin breaks it, I’ll be hyped, but with the CCI showing signs of rejection here, we might see a retracement before a steadier rise.

A Final Thought – Greed and the Market Rollercoaster

Greed is a wild drug. Watching those numbers climb can make anyone hold on just a little too long. But I’ve seen too many traders get caught up in the green only to watch their profits fade as they wait for the next wave.

So ask yourself: which side will you be on this time? This market’s got no brakes—manage your risk and don’t let the thrill cloud your plan.

New to Trading? Empire’s Got You Covered!

If you’re feeling lost in this volatile market or want to sharpen your trading skills, Empire’s Complete Traders Course has got you covered!

Whether you’re completely new to the crypto space or just looking to polish up your strategies, our redesigned course makes learning chart analysis, understanding how to use exchanges, and trading simple.

Check out the new structure and get started on your path to mastering the charts at Empire!

The post $11,000 Profit in Hours! Bitcoin Blasts Past ATH, Where Next? appeared first on Visual Capitalist.

News source:cryptonews.com.au

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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