😵 $BTC - $72,000. $ETH - $3,600. What's Next?

Last night, our growth scenario played out. Not only did Bitcoin show good dynamics, but the altcoin market also performed well.

Several fundamental factors contributing to the growth:

◼ Capital inflows into Bitcoin ETFs have approached their maximum levels again.

◼ The SEC has sent requests to update applications for Ethereum ETFs. Experts estimate a 75% chance of approval.

◼ The U.S. House of Representatives will vote on a bill to regulate cryptocurrency as a commodity.

What I expect from the market in the near future:

Institutional interest in altcoins is growing. We can already see the reaction on the dominance chart. As before, I expect the market to continue growing and the altseason to begin.

😐 Our positions are already in excellent profit, but before the start of the parabolic phase, I want to add a few more coins to my portfolio. As always, I'll share my trades with you.

😱 My Plan for 2024 - Adding Altcoins to My Portfolio

◼ The year 2017 is long gone. Coins no longer shoot up thousands of percent just by launching. However, genuinely strong projects still provide good returns, and such projects are emerging right now.

◼ The chart highlights the period when the most promising and profitable coins of the last cycle were released. $MATIC, $SAND, $SOL, $AVAX - all entered the market amid the Bitcoin halving hype.

◼ Developers know this is the best period - the cycle is just beginning, and the growth potential is enormous. Therefore, new coins that people have been waiting for years are coming out now - $STRK, $ZK, and $ZETA.

😛 Old altcoins are of no interest to anyone. In 2021, coins like $NEO and $EOS couldn't even reach their previous all-time highs. All attention was on new projects. I believe this history will repeat itself this time.

P.S. Investing in new projects should be approached with caution. If you are offered to buy a "new promising coin" on Uniswap with promises of a quick listing on Binance, they are trying to scam you. Never buy such tokens.

👶 $APT - Signaling Continued Growth

After a correction of over 50%, buyers have re-entered the market, and $APT is preparing to form a new uptrend.

◼ On the four-hour timeframe, $APT has formed a descending triangle, broken through its upper boundary, and has already consolidated above it. Judging by the outflow of $APT from exchanges, a large buyer is taking advantage of the market pullback to accumulate positions.

I believe we will soon see a retest of the upper boundary of the symmetrical triangle and a continuation of the recovery.

👉 I've started building a mid-term position in $APT within the $8.90 - $8.40 range. My targets are $13.27 and $18.40. The expected trajectory is marked on the chart.

👶 Pumps of $PEOPLE, $YGG, $CYBER - What They Have in Common

They all share the same market maker - DWF Labs. The scenario often follows an identical pattern.

◼ The project signs a market-making agreement with DWF Labs and transfers large volumes to its address;
◼ The announcement of the collaboration triggers a pump;
◼ The funding becomes astronomical;
◼ After accumulating funding volumes, a final pump follows, often around 300-400% to maximize profits.

The latest example is $PEOPLE, which soared by 160% just in the past week.

😒 While many investors chase fundamentals (and fundamentals are very important!), the market isn't that straightforward. Hype, pumps, and manipulations are what define the real crypto market. Some may dislike this, but I prefer to profit from it.

🙂 $BNB - Expecting Continued Uptrend

In the past few months, $BNB has shown some of the best performance among top altcoins. The technical picture indicates complete buyer dominance.

◼ Take note - during the recent market correction, many altcoins lost over 60%. Meanwhile, $BNB only retraced 20% and stayed above the 50MA on the daily chart - even the $BTC market doesn't show such trend strength.

In the medium term, I expect $BNB to continue its growth.

😱 The 50MA serves as strong support. Any correction to this level should be seen as an opportunity to add to the position. The next target is $730.

👆 The global correction is still ongoing, or should we expect a recovery?

As we discussed yesterday, the crypto market is highly manipulative. While traders were expecting a pump on the news, the market had its own plans. The result – over $400 billion liquidated in a day.

🟣 Check out the $BTC chart. It took more than 2 months to gain 50% in price after the ETF launch. ETF issuers don’t go all-in at once; they accumulate gradually as demand grows.

The launch of the Ethereum ETF won’t lead to an instant pump but rather a prolonged alt season. And honestly, I prefer this scenario.

🟣 Approval of the Ethereum ETF means altcoins aren’t considered securities. I wouldn’t be surprised if we see applications for $ADA or $SOL funds within a couple of months.

😒 In the next few months, I expect market growth. Before the alt season begins, I’m adding to my speculative portfolio. I’ve already spotted a coin that could give some serious gains in the mid-term. I’ll share the setup with you soon.

😠 $ZK - Preparing for a Strong Rally

One of the recently released coins with the potential to enter the top 50 on CMC during the upcoming altseason.

🟣 The project boasts an impressive list of investors and holds the record for the amount of funds raised during funding rounds. It addresses Ethereum's main issue - scalability.

On strong volumes, $ZK has broken out of a month-long accumulation range and has already consolidated above it. Over the next few months, I expect it to reach new ATHs.

🤧 I've started building a mid-term position in $ZK within the $1.48 - $1.21 range. My targets are $3.69 and $5.18. The expected trajectory is marked on the chart.

😎 $6,000,000,000,000

With the Fed lowering interest rates, this money will flow into risky assets. That's why I talk so much about the key rate.

Take a look at the chart: the bond market turnover reached a record $6 trillion by the end of last year. Investors prefer to earn 5% risk-free rather than risking it in the stock or crypto markets.

Lowering rates will make holding cash a much less attractive alternative to investing in the markets.

According to a BlackRock report, the average cash yield of 4.5-5% significantly lags behind other assets, including Bitcoin. And this is before the rate cuts. The company writes:

In 2024, clients should allocate funds to innovative assets that can provide decent returns.

Reading between the lines:

By the way, we recently launched an ETF, so now you know where to invest your money.

Imagine the market capitalization by the end of 2024 if such a volume comes from the bond market alone.

🟢 Good Morning Everyone!

Let's start the workweek with an update on the market situation:

🟣 $BTC - $68,750. $ETH - $3,920. $BNB - $603.2;

🟣 Bitcoin dominance has fallen below 54%, hitting a monthly low;

🟣 Argentina and El Salvador are negotiating over Bitcoin - the countries plan to "create an alliance where $BTC will play a key role."

🟣 The meme coin sector is showing the best results. $FLOKI +20%, $PEPE +12%. $PEPE has already surpassed Polygon and Uniswap in market capitalization, ranking 18th on CoinMarketCap.

The technical picture for $BTC suggests continued growth. The coin has held above the descending trendline on the daily chart and is trading above the 50MA. In the near future, I expect a recovery above $70,000. Additionally, if the trend of falling dominance continues, we will see excellent dynamics for altcoins this week.

🔵 As always, I continue to look for entry points in the spot market. As soon as I find a good setup, I'll share it with you immediately.

🟢 $AXS - Ready to ride the bullish wave

For over a month, the coin has been in a downtrend. It has now broken through the trendline and consolidated above it.

🔴 Within the triangle, with the upper boundary being the trendline and the lower boundary being the HVN zone of $6.70 - $6.40, a large player has been actively entering $AXS. Morover, most of the coins were transferred to cold wallets (long-term storage).

Judging by the accumulation volumes, the nearest resistance at $8.22 is unlikely to hold in the near future. If this is the case, we might see a local 5-wave rising structure.

🟣 I bought $AXS at the current price ($7.63) and will add the same amount in case of $7.13 retest. The expected trajectory is marked on the chart.

🟢 A decrease in $BTC dominance - what does it mean

Bitcoin dominance is one of the key metrics I closely monitor. When this indicator is rising, it signifies money flowing from altcoins into $BTC, and vice versa. It's a highly reliable market oscillator.

🟣 After reaching a two-year high around 55.1%, $BTC dominance has started a correction and already exited the uptrend. If the correction extends toward the 51.5 - 50% range, altcoins are likely to experience powerful pumps, as was the case at the end of last year.

Supporting this are not only the technical dominance patterns but also the rising interest of large players. Since the adoption of the Ethereum ETF, the inflow of top-50 altcoins into wallets with a balance of more than 10 $BTC has doubled.

🔵 I'm confident that in the next 2-3 months, altcoins will deliver significant growth and substantial profits. That's why I continue to stack up my wallet and primarily focus on alts.

⚫️ $ZK - Poised for explosive growth

One of the recently launched coins with the potential to break into the top 50 on CMC during the upcoming altseason.

🟢 The project boasts an impressive list of investors and holds the record for the amount of funds raised during funding rounds. It addresses Ethereum's main issue - scalability.

On strong volumes, $ZK has broken out of a month-long accumulation range and has already consolidated above it. Over the next few months, I expect it to reach new ATH.

🔴 I’ve started building a medium-term position in $ZK within the $1.41 - $1.21 range. The expected price trajectory is marked on the chart.

🔵 Will the crypto market cap reach $3T soon

Despite the market correction, the capitalization is consolidating above the upper limit of the ascending channel at the $2.1T, showing the sustainability of the trend.

🟢 On the weekly chart, we see a golden cross as the 50SMA crossed over the 100SMA. The last time such a golden cross appeared on the capitalization chart was in Jan 2020, coinciding with an increase in the market cap by over 900%.

What does it mean for the market?

I believe current correction might transform into another accumulation period for $BTC with institutionals continuing to load up ahead of bull run, with increased interest towards $ETH and altcoins.

🟣 In such conditions, the market cap is likely to continue growing, and we might witness a total cap surpassing $3 trillion this summer.

🟢 $BNB - Massive gains ahead

Over the past few months, $BNB has shown some of the best performance among top altcoins. The technical outlook indicates complete buyer dominance.

👨‍💻 During the recent market correction, many altcoins lost over 60%. Meanwhile, $BNB only retraced 20% and held above the 50-day MA, showcasing a trend strength that even $BTC doesn't match.

In the medium term, I expect $BNB to continue its growth.

💡 The 50-day MA acts as strong support. Any correction to this level should be seen as an opportunity to add to positions. The next target is $730.

🔴 #ENA - A prime candidate for high returns

After an initial surge, #ENA entered a correction phase, forming a descending structure.

🔵 On significant volume, buyers managed to break through the upper boundary of this structure and consolidate above it. The price then retested the channel and bounced back, indicating that this level now serves as strong support. I believe the price is unlikely to drop below this level in the near future.

Not only is the technicals, the fundamental picture for #ENA looks promising as well. The development company continues to receive support from funds, and the daily active wallets just reached an all-time high.

I see #ENA as a potential leader in the upcoming rally.

🟢 I’ve started building a medium-term position in #ENA within the $0.89 - $0.82 range. The expected price trajectory is marked on the chart.

🟢 Safe Trading - understanding the core principles

As you may have noticed, I mosly trade spot. A common DM question - 'Why no futures signals?'. Another popular one - 'Which exchange do you trade on?'.

Today, I'll answer these, especially since they're interconnected. To make it clear - I operate solely on decentralized exchanges (DEX). Couple of key reasons:

◼ Leverage benefits exchanges, not traders. It's no secret that Binance sells data on its clients' open positions to market makers. Armed with all the info about you, they trade against your money.

💁🏻 Ever play poker with someone who sees all your cards?

Constant manipulations with hundreds of millions $ liquidated is the result.

◼ Not your keys, not your crypto. On CEX, you're trusting a third party with your assets. There's no guarantee (and I'm saying this from personal experience) - it can go bankrupt, your funds could be blocked, and withdrawals might be suspended at the worst possible time.

When I'm trading, my money doesn't even leave my ledger, so I'm always in control. No passport pics or income statements are needed for withdrawals.

🔵 While I can't pinpoint the best DEX, when choosing, I prioritize my current needs - platforms like 1inch, Uniswap, and PancakeSwap suit diverse trading requirements and offer different functions.

🟣 #ARB - might replicate Solana rally of 2021

This month, #ARB is getting ready to unlock tokens for the investor team. To secure the best exit liquidity for big players, MM will likely initiate a price acceleration.

We've seen a similar scenario several weeks before Solana's unlocks in 2021, with #SOL peaking at around $260. Post-unlocks, a bearish rally begun. Identical price reactions were observed before the unlocks of #APT and #SUI.

🔴 Keep in mind, not every unlock event have such impact on the price. But here they are dealing with whale money.

The technical outlook for #ARB also hints at continued growth. Having secured above the parallel channel, the coin is accumulating volumes to continue the uptrend. A consolidation above will serve as a key confirmation for sustained growth.

🔵 I’ve started building a medium-term position in #ARB within the $1.08 - $1.02 range. TP/Stop marked on the chart.

🟢 Crypto market short-term outlook - what's next?

As Bitcoin accumulating volumes above the descending structure, market interest keeps shifting. The formula remains consistent:

Bitcoin → High Cap Altcoin → Low Cap Altcoins

While #BTC struggles to break beyond ATH levels, the altcoin market shows robust dynamics with #BNB and #ETH leading the charts. Several factors influence this fundamentally:

◼ The supply of stablecoins has surged by over $15b in the last 3 months.

◼ More altcoins are being added to Grayscale's institutional portfolios.

◼ Rumors of next ETF pushing high institutional liquidity assets higher.

A bull rally is coming. However, as always, before Bitcoin experiences parabolic growth, we'll see high volume price action in the altcoin market.

🟣 What we see now is just the beginning of this trend.

🟢 #BNB +20% gain since last post

With a powerful rally, #BNB has approached our first target, setting a new ATH around $710. Those who followed my recommendation are now sitting on a +20% pure profit.

🟣 While breaking through the $730 resistance might require a bit more volume and some time, consolidating above this level will be a strong signal for an uptrend continuation.

Now, #BNB is in the price discovery phase, with the next significant resistance at $800, where a solid seller order block is located.

⚫️ I'm maintaining my full #BNB position and will start taking profits only once we reach the $800 mark. As I mentioned, this trend is just starting.

🔴 #ETHFI - getting ready for next big move

Since its launch, #ETHFI has soared over 3000%. Despite recent months of correction, #ETHFI has managed to stay above key resistance levels and is gearing up for a new uptrend.

🔵 On the daily chart, the price dipped into the $3.50 - $3.00 range to capture liquidity, followed by a strong impulse upwards. Volume profile suggests that this impulse was driven by significant buys from several whale wallets.

I expect further growth either from the current levels or following a retest at $4.50. My medium-term targets are $7.07 and $8.40.

⚪️ I’ve started building a spot position in #ETHFI within the $4.79 - $4.50 range. The expected price trajectory is marked on the chart.

🟢 #BTC - Long

Although I usually trade spot, Bitcoin's high market cap makes it difficult to achieve significant returns in the short term. To get a x2-x3 on #BTC using leverage is necessary.

🔵 Sellers failed to extend the correction, and the price bounced off the HVN zone at ~$70,400. Given the improving macroeconomics and the strong technical setup for #BTC, I expect a new ATH within the week.

Leverage: 20-25x
Entry: $71100 - $70400
TPs: $73300, $75500
Stop: $68304