JUST IN: Total spot Bitcoin ETF trading volume surpasses $2.1 billion today.
@WatcherGuru
JUST IN: $1,000,000,000 liquidated from the cryptocurrency market in the past 24 hours.
@WatcherGuru
3 things to focus on while the markets are rugging...
1️⃣| Studying: I cannot stress enough how important it is to use times like this to learn more about different technologies and strategies. No market crash can take your knowledge away.
2️⃣| Networking: Becoming skilled at networking and building connections is much more important than people often realize. Trying to become profitable by yourself is not the most effective way to maximize gains in these markets. Network = Net worth.
3️⃣| Buy the Dip: Learning how to dollar-cost average (DCA) on dips is crucial. Make a list of your highest conviction plays and then an enterance/exit plan. Be greedy when others are fearful - W.B.
Still alot you can do with your time in these markets. Don’t sit back and do nothing like most people are...
Everyone knows crypto is a PVP environment, why not use this time to get ahead of the game?
Keep an eye on the USD/JPY chart! 👀
The Bank of Japan recently raised interest rates by 0.15%, leaving the key BoJ rate now sitting at 0.25%, the highest since Dec. 2008
Although still low, the difference between the BOJ and peers is that they’re tightening rates whilst everyone else is loosening...
Why is Japan doing this? There are many reasons internally and externally (Read more below). But why is this important?
Investors are now concerned, the money they borrowed at lower rates is no longer as cheap and therefore they're de-risking and reallocating funds back to Japan (Est. $4T Usd in potential exposure)
The question that remains is what happens next, and how will others react to it? Its hard to say, but If it outflows pick up and other economies raise rates, risk assets are going to get slaughtered!
Let me know your thoughts! Read more 👇
https://www.bloomberg.com/news/newsletters/2024-08-02/why-the-japanese-yen-matters-for-your-portfolio
https://www.bloomberg.com/news/articles/2024-07-31/boj-hikes-interest-rate-unveils-plan-to-cut-back-bond-buying
What a bloody start to August! 🕯
Were seeing lots of red all across the board, BTC back below 63k post-FOMC as tensions in the Middle East continue to rise...
Recently Iran's leadership reportedly ordered retaliatory attacks against Israel, increasing concerns of a broader conflict.
Additionally, the Fed left benchmark interest rates unchanged yesterday and gave little indication that a widely expected rate cut in September is guaranteed.
Also including mass ETH ETF outflows, I am not surprised to see the market reacting in this way...
Hopefully you guys listened to my other recent market updates. This dip was fairly predictable given all aspects mentioned.
For those interested in learning more👇
https://www.coindesk.com/markets/2024/07/31/bitcoin-ether-etfs-record-outflows-as-trump-speech-euphoria-fades/
https://www.coindesk.com/markets/2024/07/31/bitcoin-tumbles-below-65k-post-fomc-as-middle-east-tensions-flare/
Eth - Utility - Drops $DROPS
Drops is the first, and only actively used marketplace for buying and selling locked liquidity. Sellers get to skip the unlock wait time, while buyers receive a guaranteed ROI...
A 5% fee is taken on the listed value of each lock. Funds collected are then used to buyback and burn $DROPS, as well as distribute market bought $DROPS to stakers and LP providers.
Very solid long-term utility project. I've been slowly accumulating at these levels. Chart at key support. Dyor
https://dexscreener.com/ethereum/0x9f8512d2657d192e59dbab41f8502864aaaafa4a
0xa562912e1328eea987e04c2650efb5703757850c
The US is about to surpass $35T in national debt! 📈
Look at how bullish this chart is, seems to only go up. Shoutout to all the useless economists who's predictions were way off...
Interest payments on this debt will soon consume over 50% of all US income taxes. Are we beyond the point of no return?
Since nobody seems to care about this crisis. Its important you properly educate yourself. Good introductory resource👇
https://www.youtube.com/watch?v=z7lOcJqZEl4
Good setup for a reversal here on $DUCK
Called these guys on the 'Degen's Channel' pre-launch over a week ago. Easy 2-3x (ATH) if you timed your entry on the first dip!
Chart found a bottom few days ago, and the team has been pushing hard for a reversal since, could continue if they keep delivering...
Keep an eye on volume. Big Gamble!
I’m excited for this dip because I know where were going. I strongly believe this is going to be the last dip prior to alt season!
Its fairly predictable because of a few factors...
• The BTC CME gap is down to $57,850.
• ETHE has the highest ETF fees and the greyscale money needs to flow into lower fee ETF’s first, much similar to Bitcoin ETF.
• Q2 GDP and PCE inflation data is coming out today and Friday, which drastically affect global markets and the DXY, which has an inverse relationship with Bitcoin.
My target for BTC is $57,850, which would bounce it off the 200 EMA. This would put ETH somewhere between $2,800 to $3,000...
This will also liquidate all the shorts that originally opened longs when the ETH ETF was announced back in May.
What do you think? Let me know your thoughts👇
JUST IN: Spot Ethereum ETF trading volume surpasses $1 billion on the first day.
@WatcherGuru
BREAKING: 🇺🇸 SEC officially approves spot Ethereum ETF trading for tomorrow.
@WatcherGuru
BREAKING: 🇺🇸 Joe Biden officially drops out of the 2024 presidential race.
@WatcherGuru
Ethereum spot ETF's will be live in 3 days, on July 23rd!
Since the Bitcoin ETFs began, we have seen a total of 17B Usd in net inflows, despite selling pressure from grayscale, BTC miners, the German govt. and Mt Gox refunds...
Given that ETH's mcap is about a 1/3rd of BTC's, I expect to see proportionally similar inflows!
This means we could see between 5-6B Usd in the first 7 months of Ethereum ETFs, if we compare current Bitcoin ETF numbers.
Read more here👇
https://cointelegraph.com/news/cboe-official-launch-date-spot-ethereum-etf
JUST IN: 🇺🇸 President Donald Trump says he does not want to let "another country to take over" Bitcoin & crypto dominance.
@WatcherGuru
I know it's tough out there frogs...
The vast majority people are down bad this past week/month, especially those with higher risk portfolios.
But remember, as history has shown us, times like these have always presented opportunities of a lifetime.
• March 2020 - Covid pandemic crash
• November 2022 - FTX/Alameda crash
• August 2024 - Jump Trading, Japan, Middle East
Although stabilizing now, I'm expecting more downside in the markets this month. Potentially one more big flush...
If the markets continue dipping hard the Fed will likely aggressively cut rates and be forced to start quantitative-easing again.
I suspect lots of sidelined liquidity will be coming into the market in Q4, as the DXY starts to collapse and bond yields get cut.
What do you think. Let me know👇
JUST IN: $366 million liquidated from the cryptocurrency market in the past 60 minutes.
@WatcherGuru
Seeing alot of uncertainty and fear in these markets...
I consider the conflict in the middle east a mild black swan event, also coupled with the media larping kamala in the polls.
Dont forget we are still in the middle of the bullrun, expecting the markets to recover closer to Sept. rate cuts.
Good time to start DCA’ing longer-term conviction holds in my opinion…
Are we seeing the final shake out before new ATH's?
Let me know 👇
JUST IN: Over $2.9 trillion has been wiped out from major indices and stocks this morning due to growing fears of a global recession
Worst day in US stock market since March 16, 2020. ( Covid )
Hearing $AUG is launching very soon! 🪙
I like the utility here, and the team seems very capable, leading me to believe we'll see some good long term results...
Price action will move quickly at launch, so time your entries, and manage risk accordingly. Dyor
/channel/augment
🇺🇸 Donald Trump 2024 Bitcoin Conference Speech Recap:
• On day one I will fire Gary Gensler and appoint a new SEC chairman.
• Create a US Government strategic national Bitcoin stockpile if elected.
• US Government will keep 100% of Bitcoin it owns
• Bitcoin is going to the moon.
• Never sell your Bitcoin
• Bitcoin will one day probably surpass the market cap of Gold.
• I reaffirm my pledge to commute Ross Ulbricht's sentence.
• There will never be a CBDC while I am President of the United States.
• Bitcoin and crypto will skyrocket like never before if elected president.
• Bitcoin is not threatening the dollar, the current U.S. government is threatening the dollar.
• The United States will be the crypto capital of the planet and the Bitcoin superpower of the world.
• Bitcoin stands for freedom, sovereignty, and independence from government coercion and control.
• I pledge to the Bitcoin community that the day I take oath of Office, Joe Biden and Kamala Harris' anti-crypto crusade will be over.
@WatcherGuru
JUST IN: 🇺🇸 Robert Kennedy F. Jr says he will sign an executive order for the US to buy 550 Bitcoin per day to build a reserve of 4 million BTC, if elected president.
@WatcherGuru
ETH - Utility - Augment $AUG
Augment is a new blockchain-based marketplace offering B2B clients access to a network of GPU computing resources.
I really like the utility and usecase here. Alot to cover, I recommend checking out the docs to fully understand this ecosystem. Dyor
I'm expecting good long-term results. TGE details soon!
https://augment.net/
https://docs.augment.net/
/channel/augment
Haven't been posting many plays on this channel as of lately...
Trying to be very selective, but not liking the meme space too much right now. Its essentially PvP, where the new retail money at ?
Bundled launches usually never go well, and trending narratives are too saturated with launches. Of course we'll see the odd mooner, but this isn't the market to chase X's yet In my opinion...
keep accumulating your high conviction blue chips, sure. Were due for a utility season soon, which I hope is right around the corner!
That being said, the broader market is still looking good, endless opportunity out there, which ill be sharing in the coming day/weeks!
Still interested in Degen plays? Join up👇
/channel/CryptoFrogsMicroCaps
After a nice market pump from the recent ETH ETF, BTC is looking like it wants to retrace back to the 21 EMA on the daily chart!
I expect to see a nice short-term period of consolidation as traders sell the ETF news whilst Mt. Gox repayments continue...
For those unfamiliar, Mt. Gox was one of the OG BTC exchanges, handling over 70% of all transactions back in the early 2010's before ceasing operations after a series of heists (950k BTC - $62B USD).
Following the exchange’s statement on July 5, it established plans to promptly carry out repayments to creditors that is well underway!
According to Arkham Intelligence data, Mt. Gox's current holdings now stand at around 42,744 BTC, after moving over 47,500 BTC to unknown addresses for repayments earlier this morning...
This news alone is enough to shake some traders, however this a short term catalyst and wont affect the markets for too long!
Read more 👇
https://cointelegraph.com/news/what-happened-in-crypto-today
https://cointelegraph.com/news/mt-gox-repayments-bitcoin-bitcoin-cash
The CryptoPond is absolutely booming!
Those who are active and good at identifying opportunity are printing on good plays every single day...
Most importantly, the Pond is great for networking with successful and likeminded individuals, while learning more about the space!
The most experienced and knowledgeable individuals in the Pond will be invited to the Cryptofrog's Alpha Chat.
I look forward to seeing you. Secure your spot👇
/channel/+vycfFke4OaAzNzhk
Beautiful reversal here from NPC Solana!
Hearing these guys have two upcoming CEX's listings, and also recently onboarded a good market maker...
Community has been growing well as the team continues to deliver here. Could see new ATH's soon. Keep an eye it it!
Chedda Buy!
🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢
🔀 0.6517 SOL ($110.96)
🔀 76,517.89 Chedda
👤 6H8EAb...yx9T | Txn
⬆️ New Holder!
💲 Chedda Price: $0.001432
💸 Market Cap $1,431,979
📈 Chart ⏫ Trending ✳️ Events
After finding a solid bottom $CHEDDA is reversing very well! 😁
Good community leaders here with a good long-term vision, and big people helping out behind the scenes...
I'm liking Chedda's current approach to community building. They have good future plans. Keep an eye on everything they're doing.
The chart has been slowly reversing this past week, and I believe it will continue assuming the team continues to deliver!
🦅Chart | 🌐Website | ✈️Telegram
Pond is becoming active more than ever. Secure your spot
/channel/+vycfFke4OaAzNzhk