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#Altcoins' recent rise wave is just a trailer!
#Alts haven't even started their real run yet
More downside on the horizon as Bitcoin forms a bear flag pattern
BTC has stayed range-bound (as we expected) over the past five days or so. So, what can we make out of the current state of the market, and where are we likely to go from here?
In today's market update, we will cover a number of different topics, starting with a BTC update and a review of Fed-speak and interest rates.
We also touch on how crypto equities and ETFs are faring and what their performance could mean for the rest of the market.
Let's dive in!
1- BTC update [content locked for confidential circle members]
2- Fed-speak and rates [content locked for confidential circle members]
3- ETFs and crypto equities [content locked for confidential circle members]
4- What's gonna happen in the next 2-3 months [content locked for confidential circle members]
Join confidential circle now
👉NEW SIGNAL👈
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Pair: BAND/USDT
Side: LONG
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Entry zone: 1.65 - 1.705
Target 1 1.778
Target 2 1.837
Target 3 1.960
Target 4 2.073
Target 5 2.203
Target 6 2.310
Stop loss: 1.53
Risk/Reward Ratio 2.9: 1
Allocated risk : 2%
LINK update
LINK has had a really positive move higher from the main horizontal support level at $13.34 and now battling at the $15.33 local level of resistance.
The 3D and the Weekly RSI's have now reset substantially after eight weeks of price consolidating. This is positive for higher prices.
Open Interest has popped higher in the last day. However, it is down approximately 30% from its highs from a month ago.
If LINK can hold above the $15.33 horizontal resistance and turn that into new support then the next target area will be $17.
2024 is already underway with mouth-watering airdrops (Dimension, zkFair).
we believe this year will present many opportunities to build up your crypto portfolio through airdrops.
Today, we share a fresh list of five exciting low-cost airdrop opportunities available right now.
Let’s dive in.
1. Stacking DAO
With the upcoming halving and rebirth of Defi on Bitcoin, protocols building on top of Bitcoin will be a huge narrative in 2024. Stacks is one of the potential bets falling into this narrative that we covered.
StackingDAO is the protocol that brings liquid staking to Stacks. It will soon launch its points system to reward those who hold stSTX and use stSTX in DeFi.
Looking at the number of followers on Twitter, we can see that Stacking DAO is underfarmed.
If you are bullish on Bitcoin AND the possibility of Bitcoin DeFi, farming StackingDAO can potentially result in a lucrative airdrop.
So here is how to earn points to qualify for an airdrop:
Action plan: [CONTENT LOCKED FOR CONFIDENTIAL CIRCLE MEMBERS]
2- #Airdrop2[LOCKED]
3- #Airdrop3[LOCKED]
4- #Airdrop4[LOCKED]
Bonus: How to minimise risk when farming airdrops.[LOCKED]
BTC Update:
The daily and weekly close was at $41.7k. This is negative, and BTC is most likely to drop toward $38k to $40k. However, on the 4-hour TF chart, we can observe something different. Whether you term it a candle of hope or anything else, BTC is forming a bullish divergence. If it plays out successfully, BTC may rally back to $44k or even higher. Nonetheless, before all of this, BTC will need to overcome the $42.7k resistance.
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The 2022/23 bear market was tough. Crypto was under attack on all fronts - from centralised entities proving why centralisation is bad (*cough* FTX) to an aggressive Federal Reserve tightening policy to combat high inflation (that they caused); we’ve rarely had a moment to catch our breath.
However, 2024 is a new year. The Fed is at the end of the tightening cycle, and many of the bad actors in the space have been purged; there is renewed optimism about the market.
So, with this renewed optimism - what’s the plan?
With tens of thousands of assets, the crypto market is huge. It’s our job to find the most promising assets and relay that info to you so you can make the most informed decisions.
Yet, with a team of seven researchers (and growing), it can often be challenging to reach a consensus on what assets we should put forward as “the best.”
So, we’ve devised a new system of identifying promising assets, reviewing those assets, and coming to a unified conclusion on each asset.
The previous iteration of this, Skin in the Game (SITG), became too centralised. With the new methodology, we want to distribute decision-making amongst researchers as evenly as possible.
Not only that, we want the community to have a bigger say in the assets that we talk about regularly.
Unleashing the Bull: Navigating the Storm for Massive Gains! Brace for Market Volatility as ETFs Battle for Dominance. BTC Pullback Predicted, but Bulls Remain Strong. Strategic Moves in Q1-Q2 for Peak Bull Opportunities in 2024-2025. Load Up on the Right Bags Now – Your Path to Massive Gains Starts Today!
🏆🏆🏆 READ THE FULL REPORT! -------->EXCLUSIVELY AVAILABLE FOR OUR CONFIDENTIAL CIRCLE------>JOIN OUR CONFIDENTIAL CIRCLE TO READ THE INSIDER
🏆🏆🏆Bitcoin ETFs Finally approved !!!🏆🏆🏆
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DOT: I do not see a clear micro structure but the white scenario means we have to be on the side of caution. This price action is not very clean.
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KEY EVENTS THIS WEEK:
Monday 8 January:
🇺🇸USA - consumer inflation expectations (Dec) - 19:00GMT
Tuesday 9 January:
🇺🇸USA - trade balance (Nov) - 16:30GMT
Wednesday 10 January:
🇬🇧speech by the head of the Central Bank of England - 17:15GMT
Thursday 11 January:
🔥🇺🇸USA - CPI consumer inflation (Dec) - 16:30GMT
🇺🇸USA - Initial Jobless Claims - 16:30GMT
Friday 12 January:
🇨🇳PRC - consumer inflation CPI (Dec) - 04:30GMT
🇨🇳PRC - world trade (Dec) - 06:00GMT
🇺🇸USA - PPI inflation (Dec) - 16:30GMT
🇺🇸WASDE report - 20:00GMT
MASK: Wow, what a reaction to the support zone. For those who entered a trade in the trading zone, it might make sense to move the stop loss to the break even point and take some partial profits. In an alternative scenario the price is still moving on wave (5) of i and should see a rejection somewhere in this region. It is something to be aware of.
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However, we actually quite like a lot of the altcoin setups here, and our thinking is that if BTC can hold up and not puke out today from the GBTC selling, then alts could have a nice few days of performance here.
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Pair:ETHUSDT
🔽 Side: SHORT
❎ Leverage: Cross 15
💸 Entry zone:2473.02
Take Profit 1:2466.58655
Take Profit 2:2459.43827
Take Profit 3:2452.29
Take Profit 4:2430.84517
Take Profit 5:2416.54861
⛔ Stop loss:2501.61311
Pair:BCHUSDT
Side: SHORT
Leverage: Cross 10
Entry Zone:242.2-247.044
Take Profit 1:239.7
Take Profit 2:238.5
This hidden gem will ride the next crypto narrative to big wins
In the last few months, we have witnessed a spectacular run in the crypto market in anticipation of Spot BTC ETFs. And finally, ETFs are here.
And while the runup of the last three months is an exciting foretaste of the bull market, we are just getting started.
This means there is still time to strategically position yourself to get a share in the upside of assets (especially low caps) that will outperform during this bull run.
The challenge, however, is that many low-cap assets lack direct value-accrual, have bad tokenomics and don’t have strong narratives that can drive bullish tailwinds.
But today, we present you with a low-cap asset that checks all the right boxes.
Sounds exciting? LFG!!!
Introducing [CONTENT LOCKED FOR CONFIDENTIAL CIRCLE MEMBERS, SUBSCRIBE TO READ]
*SOL will either break out to $117 or break down to $77*
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🌟 Ethereum ETF Sparks Interest: BlackRock CEO Larry Fink Optimistic 🌟
📊 BlackRock CEO Larry Fink Sees Potential in Ethereum ETF
🚀 Following the triumphant launch of the Spot Bitcoin ETF (IBIT), BlackRock CEO Larry Fink has expressed his recognition of the "value" in a Spot Ethereum ETF.
📈 BlackRock, the world's largest asset manager with a whopping $9 trillion in assets under management, filed a request for a Spot Ethereum ETF back in November.
💬 In a CNBC interview, Fink compared Bitcoin to gold, highlighting Bitcoin's near-maximum quantity, which positions it as an asset capable of offering protection.
"It's an asset that shields you. Unlike gold, which we keep producing more of, Bitcoin is nearing its maximum limit ever, making it a unique protective asset."
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Yearly - $499 (Was $1999)
Lifetime- $699 (Was $2999)
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To know the full list of all the assets with specific price targets and full story, kindly subscribe to our confidential circle. Connect with the Admin here - @confidential_circle
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*A free signal from our confidential circle for our public channel*
👉NEW SIGNAL👈
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Pair: ETH/BTC
Side: LONG
—————————
Entry zone: 5393-5484
Target 1 - 5819
Target 2 - 6231
Target 3 - 6716
Target 4- 7069
Target 5- 7599
Target 6- 8422
Stop loss - 4717
Risk/Reward Ratio 4.4/1
Recommended risk : 2%
*What we are expecting today*
We may see another really small pump on this news, but we are not even sure we see north of $46k now. The market has read through what happened last night.
Ask yourself: who is sitting on the sides waiting to buy BTC and who isn't expecting an SEC approval? Honestly, it's probably 98% priced in.
Additionally, Blackrock and other applicants have likely been buying BTC over the last six months to seed their ETFs.
What would they have paid for that BTC? $32k/$34k/$36k/$40k?
Either way, they can now effectively sell the BTC they've bought to their clients for $44k.
The ETF won't be priced like this; it will probably be priced at $44/$45, just so the shares seem easy to buy. So, even though Blackrock say they've got $2b of inflows expected. They've probably already spent $2b on BTC over the last six months to seed the ETF, and now they're selling those shares in the ETF at the equivalent of a $44k/$45k BTC. They've made massive profits.
Now, they've just got to ensure they can sell all the BTC they've bought to their clients.
🌐 Major Crypto True Crime Tale: Bogus SEC Tweet Unleashes Havoc! 😲
In a startling development within the crypto world, the official Twitter account of the U.S. Securities and Exchange Commission (SEC) was compromised. A false statement about the approval of Bitcoin Spot ETFs, eagerly anticipated today, was erroneously broadcast.
🔍 In October, the SEC cautioned: "Be skeptical of what you read online. The most reliable source about the SEC? The SEC itself."
Yet, in a surprising turn of events, at 22:11 yesterday, the SEC's hijacked Twitter account falsely declared the approval of Bitcoin Spot ETF applications.
🚨 SEC Chairman Gary Gensler promptly clarified: "Our account was hacked! The ETF announcement is not true."
📉 The market reaction was swift and severe: Within an hour, trades worth $84 million were liquidated, with $41 million in shorts and $43 million in longs vanishing.
🔐 Twitter Security reported: "The @ SECGov account was compromised, not through a breach of X-systems, but by an unknown indiv...
JUST IN: 🇺🇸 WisdomTree spot #Bitcoin ETF is now listed on the Depository Trust & Clearing Corporation with the ticker $BTCW
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💰 Around 1.11 million $BTC were bought between $42,560 and $43,245 and have not been sold yet, making this one of the strongest support walls!
If #Bitcoin can hold above this level, there is not much significant resistance ahead that will prevent it from advancing further.
JUST IN: BlackRock expects its Spot Bitcoin ETF to be approved on Wednesday, Fox Business reports.
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Monthly- $249 (Was $699)
3 Months - $349 (Was $999)
Yearly - $499 (Was $1999)
Lifetime- $699 (Was $2999)
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Connect with the Admin here - @confidential_circle