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Gave this call in premium at 35200
If you didn’t enter bitcoin yet.
What are you doing
Infact Ethereum long was told in the premium around 1500 and then again at 1900
Printing money🏆
This is Ethereum Scenario.
Worthy daily bet I guess, If we see ETH BTC also is at good support.
After that Ethereum and Bitcoin both rallied but falling dominance led
Ethereum to rally against bitcoin 336%
Ethereum rose 2000%
While Bitcoin rose 483%
It has been around 1 year complete when Bitcoin marked its bottom last year and Ethereum started lagging behind.
ETH/BTC has been fallling since then almost 34% since then.
Currently it is sitting at a support where it started rallying in BTC pair back in June 2022
Last year september I wrote this.
one key point is to note that November 2022 was the bottom as predicted. Since then we keep rising only
BNB took great support and now criminal cases are almost getting closed
you know what happens next
Be cautious 🧨
Rune been in a long trend since two three months.
Might need some time side from the markets.
Those who bought $DOT
Invest some parts in $GLMR
Make DOT:GLMR in 8:2
Current price of GLMR is 26c
Will review this after few months
Optin Club membership update
Opened after months
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Bitcoin Proper Long Trade Idea
Entry : Buy In parts
First at current price
Second at 34900
third at 34300
fourth at 33800
Leverage recommended : not more than 5x
Stop Loss 33200
Targets :
35500
35900
36200
37200
38000
40k
41k
Note : This is for making macro swing trade entries in bitcoin for those who are looking to buy some bitcoins and leave for bull run.
Now just to give you an Idea what I insist saying.
IF I become so humble to half all the measurements accordingly and take 38k to be the local top of the year and minimum let's suppose ETH does 150% (as opposed to 300% last time)
it is heavily undervalued right now.
From the bottom Bitcoin pumped 132% while Eth has just done a mere 89%
Taking growth percentages even to be half Ethereum still needs to get above $3400 ATLEAST (The minimum)
While if I take growth excpectations after this ETH/BTC bottom in BTC that takes us to minimum
$110,000 Per BTC From here
$12,000 Per EThereum
Anything below that is a discount acc to my analysis.
(I am being very humble halving all things otherwise things suggest $180k for BTC and $23k for ETH)
If history is any indication we can see the same happening again what happened during December 2018 to August 2019 almost around 35 weeks.
Bitcoin marked bottom, kept rising, while dominance kept increasing along with ETH falling against BTC until the price of Bitcoin marked first TOP and went down while Ethereum started gaining dominance against BTC again.
So let me summarise
What happened yesterday in my simple language
DOJ department of justice came out with some enforcement actions on crypto in a live conference where they were going to announce what they will do with Binance case
This is what they said
-around $4.3 billion in settlement for Binance case
-binance was used by Al Qaeda, Hamas and ISIS type (which is always blamed in crypto)
After this BINANCE CEO CZ announced that he will leave CEO position and announce Richard Teng as new CEO
CZ said that Richard is very high qualified with 30 years of experience in finance industry. CZ will continue to be the mastermind behind binance as he is still the biggest holder in Binance.
He will be investing in DEFI and startups.
So now how will this affect market?
-First of All Binance Case has been settled which is good news as now market could easily pump and there is no hurdle in the way of Bitcoin ETF.
- because Binance biggest exchange had ongoing case so ETF could not be fully approved now it can easily
- CZ only stepped down as CEO and not away from all decisions he will be looking over binance
-this whole event will tell audience once again that Wallets are more important that any centralised exchanges. I said all this since 2021 when my channel started
-dex tokens, FTX token, Other exchanges will benefit maybe CME or Robinhood or Coinbase
Overall this all cleared a hurdle in the way of ETF
The day you think bitcoin is not bearish will be the day market will crash.
The day you are shorting every move thinking market will fall are the days market keeps rising