The market is highly leveraged.
And for ten days, that has been the case.
A brief explanation
All altcoins have high funding rates.
This indicates that buyers are most likely using leverage because they are purchasing on perps rather than spot.
Since there could be a chain reaction of liquidations in the event of a decline, it is less healthy than if everyone was purchasing spots.
By the way, this implies that you can short on perks and get paid 50% APR for purchasing space.
Place orders below 30 to 50% if you're lucky then you can catch it ๐.
Exciting developments are on the horizon for the world of cryptocurrency and investment. Take a look at this latest update regarding the SEC's potential move on Bitcoin ETFs.
ะงะธัะฐัั ะฟะพะปะฝะพัััั…2023 echo bubble main narratives :
- LSD
- L2s + ecosystem coins
- AI
- ZK
- Perp DEX
- China
- BTCfi
End of year ETF-driven pump main narratives :
- BTC and Ordinals/BRC20
- SOL, BONK, and the ecosystem
- Basket of strong coins
- Gaming
- AI
- Memecoins
- Alt L1s
- New coins
Over view of the previous the week:
- Alt L1s: At $125, $SOL set a new yearly high. For a while, it appears to be a local top. Following suit, a large number of additional alt L1s did well: $SEI, $NEAR, and $BNB
- ETHBTC is finally gaining traction: all of the $ETH beta currencies surged, with $OP, $ARB, and $LDO" performing the best.
- Main zk L1: $MINA up +50%
- The ecosystem of polka dots was robust: $DOT $KSM, but primarily $GLMR and $MOVR (+600% before dump).
- Majors' sh*tty forks pumped: $ETHW, $BSV, and $BCH
- BRC20 and Ordinals: At $82, $ORDI set a new all-time high.
At last, the shift from the alt L1s to the ETH ecosystem has taken place. Will 2024 see the continuation of this trend?
#QNT
Quant finally breaks out of the long-term descending resistance on the 3-day chart
Potential targets to reach: $230 and $420
In order to survive this cycle, if you need to locate 100x plays, I would search for beta tokens underperforming coins that have shown promise but need a developed ecosystem:
- KAS -
MINA -
STX
and other BTC-L2s - INJ -
- AI coins like TAO/OLAS .
BRC-20 -
SEI -
KUJI -
TIA -
RUNE
I made this list quickly, but there are definitely more ecosystems to research.
It's also possible that some of these coins don't even have an ecosystem or beta tokens.
Investigate non-EVM products instead, as they are "harder to buy" and have performed well over the past two months in large numbers.
If they exist, look for the main DEX token, main memecoin, or main NFT collection; however, these are beta
Bought $80.000 worth of #COM
Long term investment only
Will buy and forget
Entry: $5 - $5.40 region
Priority: Mid
Purchase: First
I see a BRC20 hype 2.0 in next bull market. Last time was meme coins, this times you can see more and more quality projects that are built on BRC20
Itโs the reason for my long term play on #COM
#CRO/USDT formed a bullish pennant below the major supply zone
Expecting a break through the supply zone** in short-term
#ADA/USDT printed a bullish pennant on daily timeframe
Send it if we break out of the one
Greetings for the New Year to our Drvkich crypto family! May everyone of you continue to be illuminated by the torch of prosperity. Cheers to a year filled with successful transactions, strategic revelations, and mutual achievement. Your cryptocurrency adventure should provide you joy and fulfilment as your portfolios grow! ๐๐
Happy New Year to you and your family once more. Always stay healthy like a stop loss ๐๐.
#BTC is currently consolidating within a Triangle formation, and an upside Breakout Could Send Bitcoin to 48k.
ะงะธัะฐัั ะฟะพะปะฝะพัััั…Added $40.000 worth of #LDO to longterm bag
Expecting easy two digits for LDO coin in incoming bull
Especially when ETH decides to increase validator amount
#Bitcoin could trade sideways inside the box until a break of the pattern on the both sides.
During this time it allows #ALTs to take off.
$BIGTIME Update:
๐ First Target achieved โ
๐ +14% unleveraged move ๐
๐ I know It's super fast, Pick our TP and then flush dump mostly people didn't put SL at entry and their 2nd Entry is also filled. Now again we'll play full setup with the avg entry of 0.55 ๐ธ
#TraderGaulsโก๏ธ
#GALA broke out of a descending triangle pattern and successfully retested the breakout level as new support
Suggest high probability of further upside**๐ผ
#BTC information
why I said liquidity game is because I saw this on my carrier since beginning of 2017 as a trader many times, if everyone is too bullish something should happen to change their mind, everyone will say "Oh we have new highs now BTC will pump a lot more" as people get rekt, and then there will be more power to pump and only the Diamond Hands can stay.
The Whales can Play with Traders Mind if you Trade with Emotions.
i could be Wrong but this is what it is looking now.
as soon as i see some Changes here i will Inform you directly.
cheers
#TraderCash ๐ฐ
#MEME
Symmetrical triangle pattern suggests potential for a substantial bounce upside
30% upside** target๐ฏ
$ARB More than 20% pump ๐๐ฅณ ,
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