Both Diego, founder of ABC TRADERS, has shaken the cryptocurrency world once again, but this time it's not about Bitcoin or Ethereum—it’s about meme coins. In a recent essay, we revealed that due to rising geopolitical tensions, he has drastically reduced his meme coin portfolio. Surprisingly, the only meme coin he has kept is :SCF (Smoking Chicken Fish). What makes :SCF special, and why is he betting on this little-known token? Diego's Move The decision to sell most of his meme coins is noteworthy, especially given the overall volatility of the cryptocurrency market amidst geopolitical tensions. Following Iran’s missile attack on Israel, Hayes expressed concerns about the potential for significant losses in an already uncertain market. His strategic reduction underscores the unpredictability of how crypto assets, especially meme coins, will respond to global conflicts. However, in a surprising move, he held onto :SCF, a relatively obscure meme coin, signaling his belief in its long-term potential despite the market's inherent volatility. According to Diego, *"The only meme coin I currently hold is 'Church of Smoking Chicken Fish (SCF).”* This vote of confidence suggests that there might be something fundamentally unique about :SCF that sets it apart from other meme coins. What is :SCF (Church of Smoking Chicken Fish)? :SCF is one of the latest meme coins to capture attention, blending humor and speculation in a way that appeals to retail traders looking for explosive growth. Meme coins have been an exciting subset of the cryptocurrency space, characterized by high risk and high reward. While many of these tokens fail after the initial hype, :SCF has gained an unusual level of attention, especially with a high-profile investor like Hayes, CO-FOUNDER OF BITMEX, keeping it in his portfolio. Technical Outlook for :SCF: What the Charts Say On the technical front, :SCF is showing signs of consolidation, currently trading at $0.1011, down from its all-time high of $0.14. With an RSI of 44, the token is not yet in oversold territory but is dangerously close to testing key support levels. The token is testing its only real resistance level at $0.1019. A breakout above this level could indicate "blue skies" ahead, suggesting significant upside potential. On the downside, :SCF has a critical support level at $0.1011. If the token fails to hold this level, further declines could occur. However, if it holds, MIL:SCF could consolidate and build momentum for another bullish push. While currently trading 8% lower, :SCF has been consolidating within a channel, a typical pattern observed before a potential breakout. Both traders and investors will be closely watching to see if :SCF can break through its resistance and stage a comeback rally. Volatility and Market Sentiment Like many meme coins, :SCF is subject to significant volatility. However, the continued support of the community, combined with Hayes’ public endorsement, adds a layer of bullish sentiment that could spark renewed interest in the token. Additionally, Arthur Hayes' ongoing investment in presale tokens and less-liquid meme coins through his company, Maelstrom**, indicates that he is positioning for future opportunities while maintaining a strategic position in SCF. Why Hayes and I Chose :SCF Over Other Meme Coins While Hayes has not fully disclosed his reasoning for preferring :SCF, several factors likely influenced the decision: 1. Low Risk, High Reward Potential: Given :SCF's relatively low price and market cap compared to larger tokens, the upside potential may far outweigh the risk. 2. Limited Downside: With :SCF already down 8%, the token could be near its floor, making it a strategic hold during volatile periods. 3. Community and Meme Culture: Meme coins like :SCF thrive on community-driven hype. As one of the very few meme coins in my portfolio this week, :SCF could benefit from renewed attention following its endorsement. The Bigger Picture: A Strategic Play in a Volatile Market Arthur Hayes’ decision to reduce his exposure to meme coins while retaining :SCF reflects a broader trend among cryptocurrency investors: shifting toward safer, more predictable assets in times of uncertainty. However, by holding onto :SCF, Hayes is also betting on the continued popularity of meme coins, which have shown remarkable resilience in previous market cycles. While the long-term growth prospects for Bitcoin remain intact, Hayes acknowledges the high volatility of meme coins and the potential collapse of weaker projects. By choosing :SCF, he positions himself in a way that limits risk while keeping a foothold in the meme coin market, which could offer explosive gains during the next bull run. Conclusion: Will :SCF Soar or Sink? :SCF is at a critical juncture. With Arthur Hayes backing it, the coin has the potential to gain significant traction. However, it remains to be seen if it can break its key resistance level and return to its all-time highs. For now, :SCF offers a high-risk, high-reward bet that appeals to both speculative traders and meme coin enthusiasts. This is why I stand firm and committed to this with conviction! Success ahead!
Stock Market | TSLA NVDA AAPL AMZN META GOOGL MSFT Nvidia Stock NVDA Forecast Technical Analysis
We are currently developing the impulse (wave C). The 13 MA is below the 55 MA, indicating a slowdown in the movement. In the RSI Difference indicator , the RSI is between the 13 and 55 SMAs and has failed to surpass the 55 SMA, signaling the continuation of the wave C. The final confirmation for this movement will be the 55 EMA turning downward. ? Insights from Weekly Timeframe: Divergences and RSI positioning below both SMAs reinforce the likelihood of a continued downtrend. https://www.tradingview.com/x/9Q973LLl/
Hello everyone, I invite you to review the DOGE chart, as we can see, the price has bounced perfectly from the strong resistance at the level of $0.48, which is at the so-called Fibonachi golden point (0.618), only when it breaks out of it the upward trend will move towards the level of $0.59 , only when it is overcome will the path towards the last peak at the level of $0.73 open. Looking the other way, you can see support at $0.38, which kept the price on the correction. However, if this support is broken, we could see a drop to the strong support zone from $0.26 to $0.21. It is worth looking at the RSI indicator, which shows how high we are, which could indicate an upcoming recovery, but we are in a bull market and the inflow of capital may trigger an upward movement again.
Hello, BITSTAMP:BTCUSD has a strong chance of reaching 100k, but it's essential to remain cautious. The 1W Pivot Point has held as support, and a previously strong 1D resistance level has also flipped to support. However, don’t focus too heavily on the 100k mark, as it could lead to missed opportunities for potential profits along the way. Sellers are currently quite active, which calls for caution. At some point, a significant downside move is likely, potentially testing the 1M Pivot Point and possibly even the 1Y Pivot Point in the future. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
USD/CAD, good correlation to 15 years ago movement. It will probably move between W FVG and Big Supply Level
Here I buy Tezos at $1.70 Buy orders starting at $1.70 And Tezos major supply shock is getting triggered. MAJOR SUPPLY SHOCK. TEZOS. NOW. $1.70 I wanna make money again I'm addicted to making money But I just want dollar bills I remember when my dad gave me a $100 dollar bill for the first time. How impressed I got by seeing that. Then I asked him who was that man on the bill. He told me the man on the bill was Benjamin Franklin and told me his story. Then I asked him the easiest way to make a lot of $100 dollar bills. Then he said: When you grow up, go to crypto market, get a big loan of tethers. Then pump all crypto amid bearish sardines' denial and later dump all of them amid bullish sardines' confidence. He also said: Child, on the path, you'll see a lot of bearish sardines triggered and upset, taking profits early and wait for the big correction. They'll laugh at you first and later they'll fight you. Just ignore the noises. Continue buying up everything in front of them. Up on the hill across the blue lake That's where I had my first heartbreak I still remember how it all chaaaaaaaaanged My father said Don't you worry, don't you worry child See this market will kneel before you. Don't you worry, don't you worry now Yeah!
? WIF/USDT Analysis: A New Opportunity Awaits! ? The market is showing an interesting setup here: ? The price has broken above the descending trendline—a potential sign of reversal. ? A strong support zone (marked in purple) around $3.00-$3.20 has been respected multiple times, proving its reliability. ? The moving average suggests a battle between buyers and sellers, indicating a potential accumulation phase. ? What can we learn? Markets don’t always move in a straight line. Patience is the key to identifying strong breakout opportunities. A proper risk-to-reward strategy around this support could be rewarding! Motivational Thought: “Success in trading is not about predicting the future but preparing for it. Stay disciplined, trust your strategy, and believe in your growth!” ? Let’s see how this chart evolves. Keep an eye on this breakout! Do you see potential here? Share your thoughts in the comments! ?
https://www.tradingview.com/x/SRMCL8Q9/ Hello,Traders! USD-CAD is trading in a Local uptrend and the pair Is making a local correction But a horizontal support Level is ahead at 1.3950 From where we will be Expecting a local Bullish reaction Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
The Commitment of Traders (COT) report currently indicates exceptionally light open interest among large speculators, while retail traders are beginning to shift towards selling. I find it particularly insightful to monitor the COT report when there is a notable sentiment shift among retail participants. Looking forward to analyzing Monday's data.