#ETH/#BTC - first signs of reversal 🟢

Despite Bitcoin's dip below $60,000, the altcoin market is holding its ground. This is evident both in the dominance index (back below 55%) and the #ETH/#BTC chart.

On the 1D, #ETH/#BTC pair has once again broken upwards out of a descending parallel channel. To confirm a reversal, we need to see a retest and consolidation above this level.

⚫️ As always, with the ascent of #ETH/#BTC, the entire altcoin market is likely to exhibit some strong impulses. Morover, the imminent launch of the ETF will drive new capital into #ETH and all projects within its ecosystem.

So, I'm continuing to build my position in #ETH and closely monitoring projects that could potentially yield 5-10x returns this summer.

🟣 To catch the best entry points, make sure to turn on notifications and pin the channel.

🔵 What's in my Ledger?

30.2 BTC - the foundation. BTC serves as my long-term safeguard asset. During 2022-2023 bear market, I've added approximately 12 BTC through DCA.

202 ETH - the liquidity. I use it not only for buying/increasing positions but also for participating in presales and liquidity pools. I'm continuing to stack ETH ahead of the ETF launch.

650,000 USD - the reserve. These funds are my safety net, ready to cover any unexpected situations, as they can be swiftly converted into any world currency.

Various ERC-20 tokens - the gainers. This the active part of my portfolio, and with the bull market, I'm particularly counting on it.

Even despite the market correction, my portfolio is still in the green. That's why I call them "gainers".

🟢 As the rally gains momentum, I'm shifting my attention to this specific portfolio segment. Want to know more about it? 👇

🟣 My Market Expectations for the Near Future

As you know, Bitcoin dominance is one of the key metrics I closely monitor, as it is a highly reliable market oscillator.

As expected, after reaching a local high of 56.1%, the dominance index has started to correct and is currently forming a downtrend. This correction may continue towards the 50.5 - 52% range, fueling powerful pumps on altcoins market.

🟢 A #BTCDOM correction doesn't indicate a decline in #BTC, but altcoin market cap surges much more during these periods.

Every altseason started with a retracement on the indicator.

Some projects already showing strong results with coins like #NOT (+15%), #ENS (+11%), #STX (+10%) surging amid sideways range on #BTC market.

⚫️ As we can see, volumes are shifting to low cap assets. Don't let the weak #BTC mislead you; the market is gearing up for something big.

P.S. That doesn't mean we should dive into the market headfirst and expect 50x profits in the near future from any random coin.

Old altcoins are of no interest to anyone. In 2021, coins like #NEO and #EOS couldn't even reach their all-time highs. All the attention was on new projects supporting Ethereum (#AVAX, #OP, #ARB).

⚫️ This year, history is repeating itself. While old altcoins are trading below their historical lows, new Ethereum Layer 2 solutions are making 1000x gains in a day. See for yourself on 🪙Coinmarketcap.

So, in this cycle I'm opting for much more safe and much more profitable options while allocating my capital and managing my assets.

🟢 Remember - there is always an opportunity to make money. We just need to look for projects that will be at the epicenter of this altseason.

#ETH - ready to start the rally 🟢

Getting a lot of questions about $ETH and whether I’m continuing to build my position and what targets I expect. The short answer is absolutely yes.

For a more detailed answer:

Right now, the crypto community is eagerly awaiting July 2nd - the date of the Ethereum ETF launch. The fact that the government has approved crypto ensures new highs for #ETH.

🟣 Incoming rally also confirmed by the technical picture - the upward crossover of the daily MA50 and MA100 is an extremely bullish signal from a technical perspective. A similar crossover preceded a 140% increase in the #ETH price earlier this year.

At the $3200 level, an EQL was formed, indicating a high accumulation of liquidity around trendline. Order book shows some of these orders have moved slightly higher - to the $3250 level, forming strong support.

#inside. This current correction won’t last long. With the ETF launch, Ethereum and related projects will rally. Such entry points won’t be available later.

🔵 Population: 45K+! Big welcome to all the newcomers joining us on our quest to explore and conquer the crypto market!

I'm sincerely glad you found me, and I found you. My goal is to build the largest International crypto community, where each member is an equal participant, with your choices and concerns influencing the community's development path. I promise this to you publicly.

Our team is constantly growing, and we are preparing a lot of unique and interesting content that will be beneficial and help you make money.

🟢 To be the first to take advantage of these opportunities, pin the channel and turn on notifications. With respect and gratitude, your @mllodon.

#SmartMoney - #PEPE Case 🎹

My fastest #SmartTrade yet. 6 days. ROI > 4,500%. Sequence of events:

- April 18, 2023: #PEPE trading at ~$0.00000003 on DEXs. It was catching a hype wave, but there was big liquidity issue - [link].

- April 29: Large transfers of #PEPE to the Huobi Hot Wallets caught my attention. But I still hesitated.

- April 30: Similar transfers to the Binance Hot Wallets. That's when I realized there would be enough liquidity for cashing out. I entered $PEPE at $0.000000072 on Uniswap.

- May 5: Binance, ByBit, Huobi, and several other exchanges opened trading for #PEPE. I think you've all seen what happened next.

🟣 This trade taught me a lot. I learned to bet big. I’ve talked about this before - although a 4,500% return seems enormous, I only invested a few thousand dollars in #PEPE. If I had invested a bit more, this one trade could have created generational wealth for my entire family.

I also always chased fundamentals (and fundamentals are important❗️), but I realized that the market isn't that straightforward. Hype, pumps, price manipulation - that's the real crypto market.

⚫️ Some people don't like it, but I understood - that's how you make profit here. This is my latest #SmartTrade so far, but the 2024 bull market will present many more opportunies.

The question is - are you ready for it? 👇

⚫️ What to expect from the market next week?

Weekend market is calm, but next week could be different - incoming news might bring some volatility.

Several key events:

◼ USA-based public companies reports: Several multi-billion dollar companies (MSC, Sodexo) are expected to disclose holding #BTC in reserves, which could boost #BTC prices.

◼ Spot Ethereum ETF debate: The SEC confirmed that #ETH isn't a security. There’s no doubt - an ETF will be approved soon. I expect a strong pump for #ETH and related projects upon approval.

◼ Macroeconomic Data: We all know - such news can shake the market. If you're trading with high leverage, exercise strict risk management on Tuesday and Wednesday. If you’re trading spot, you are safe.

Fundamentally, the market is poised for growth, and technically, the price is at a strong reversal level, which is the lower boundary of the sideways channel of the past three months.

🟣 Although we might see sellers testing the support over the weekend (the gap at the $59.5k level), the selling volumes are already at minimum. Once the gap is successfully closed, I expect continued growth for #BTC.

#EGLD - positioned for a reversal 🟢

Below the $28 mark, strong buying interest is evident. The volume profile indicates that the majority of these purchases are coming from large wallets.

📊 In the HVN zone between $26.50 and $22.36, a strong orderblock is being formed. It seems unlikely that sellers will be able to lower the price further.

The potential reversal is also supported by the divergence on the daily chart, which has been forming for the last three months.

🟣 I’m starting to build up my #EGLD position within $28.75 - $26.20 range. The expected price trajectory is marked on the chart.

Taking a well-deserved break after weeks of market grind ⚪️

Very soon, we'll get back to work - our strategy has proven reliable, so let's recharge, relax, and gear up for the next deals.

While some are trading #BTC with 5x leverage for a 10% monthly return, we are finding tokens that can give us over 5000% in just a few days.

Stay tuned! We'll be back in action soon!

🟣 Hello everyone!

Took a short break, but now I'm back in the game. I hope you also had a fantastic time celebrating those profits!

Now, let's focus and dive back into our work. A lot has happened in the market during this time. Soon, I'll share analysis of the situation and we'll be mapping out our next steps.

Stay tuned and enable notifications not to miss our next trade!

🟣 What's next for #BTC?

While we were away, #BTC continued trading within a bullish flag. The attempt to break out upwards ended in a correction.

Despite this correction, it's important to note the absence of strong selling pressure, with large wallets open interest in #BTC remaining high at current prices.

Yes, FUD scares many retail investors, pushing them to sell and putting pressure on the price. But at the same time, large players are continuing to buy up huge amounts of Bitcoin.

We've seen similar patterns in past cycles - whales always try to manipulate prices to accumulate more.

⚪️ Movements within the range and FUD among short-term holders don’t matter. Our task in this situation is to accumulate positions. Im already preparing new trading setups for you.

Let's break down the market situation ⚫️

After a drop that liquidated over $1 billion in long positions, Bitcoin quickly returned to the boundaries of the bullish flag.

Take note - just in the last 24 hours, more than $900 million worth of #BTC was moved to Black Rock's cold wallets. The outflow of #BTC from centralized exchanges also hit a 10-month high.

⚪️ These are exactly the kinds of manipulations I mentioned in my previous post.

Now, we continue to follow the scenario - after a sharp increase in Bitcoin dominance, the indicator started correcting, and the current altcoin price action indicates a shift in high-volume interest from Bitcoin to more volatile altcoins.

🔵 In such conditions, the altcoin market typically stages a robust recovery. As #BTC continues its reversal, I expect another strong wave of growth in altcoins.

⚪️ Market conspiracy?

15 min ago, Binance CEO posted a very provocative tweet - whether by accident or on purpose - that directly hinted at major changes coming to the #BNB ecosystem, which could trigger a significant surge in #BNB and Binance Smart Chain projects.

Interestingly, the tweet was quckly deleted, which I found strange. But seeing such a message from Richard Teng, especially in the current climate, is very exciting, to say the least.

In moments like this, it's crucial to stay alert because this is a game played by the big whales, and anything can happen. As for me, I’m about to make a significant purchase of #BNB because I see this as a strong insider signal.

🟢 Just bought $300,000 worth of #BNB

We only get confirmations like this a few times a year, if not less.

Binance Smart Chain is the most undervalued project in the market right now, showing only 5% of its true potential. Moreover, tokens on this blockchain are once again climbing to the top of the profitability rankings on CMC.

Let's not forget the inside information from the CEO. While no exact details have been revealed, it's likely about an update or project that could be a game changer for the entire ecosystem.

🚀 Could we be heading toward a bull-dominated year-end?

Bitcoin wrapped up September around $63,300, rebounding strong from August's -8.6% drop to post a solid 7% gain! This marks Bitcoin's best September performance since 2013, and it’s setting a positive tone as we move into the final quarter.

Historically, October is a great month for BTC, with 9 out of the last 11 years ending in the green. If past trends continue, we could be in for another strong month.

And it’s no wonder they call it “Uptober” – with an average performance of over 20%, October has consistently been a pivotal month for bullish momentum.

💬 If you find this type of market analysis helpful, smash those reactions below! Your feedback is what keeps these insights coming.

🔍 Ethereum Crashes – Panic or Opportunity?

Over the past 7 days, Ethereum has seen a sharp drop from $2,650 to $2,450, but what does the chart tell us? We see significant volatility, with a notable crash on October 1st accompanied by high trading volume. Geopolitical instability and fear of uncertainty have added fuel to the fire, causing panic in the market. However, this is likely a temporary situation, as smart money has already begun buying the dip.

Price analysis shows stabilization following the sudden drop. The $2,450 level has become strong support, and active buying suggests a potential quick recovery. The chart demonstrates that ETH has rebounded from local lows before, and there's a solid chance that we’ll see a swift return to $2,600 and higher.

Buyers are awake, and the market is gradually picking up momentum. Once recovery starts above key levels, the price may quickly regain its previous position and even surpass recent highs. This is an excellent time to keep a close eye on the market because such volatility could be a prime opportunity for profitable trades! 🚀 #Ethereum #ETHAnalysis #NewHighs

🌏 GALA on the Edge: Rebound or Freefall?

The GALA chart shows significant volatility. After a sharp drop on October 1st, the coin is now trading around the $0.019-$0.020 range. Despite short-term stabilization, market uncertainty remains. The increase in trading volume during the price drop suggests potential exits by large players or profit-taking.

For short-term traders: If the price holds above $0.019, there could be an opportunity for a quick trade with a potential move towards $0.021-$0.022. However, it’s crucial to set a tight stop-loss to minimize risks in case of a further price dip.

For long-term investors: The situation is still uncertain. It’s wise to wait for clearer signs of a trend reversal and market stabilization. While the bearish sentiment remains strong, it might be better to hold off on large entries and keep a close eye on price dynamics.

⚠️ Recommendation: If you're trading spot, consider quick trades on small, volatile movements. But if you're not comfortable with high risk, it’s prudent to wait for stronger market signals. Remember to practice good risk management and stay aware of any potential market shifts.