#BTC Update

⚠️ Choppy Days Ahead: Expect the chop to continue over the next few days.

📅 Key Pivot Date - May 20th: This date is crucial. Avoid heavy trading before then.

🔄 Resistance at $65,000: To aim for new highs, BTC must flip $65,000. However, it's preferable not to rise before May 20th, as this could lead to a significant drop on that date.

🔍 Market Caution: Be cautious, as growing before May 20th could signal a hard dump on the pivot date.

📊 Dominance Watch: BTC dominance remains strong, limiting altcoin growth. Wait for a squeeze on dominance before considering altcoin bids.

https://www.tradingview.com/x/1EYIT2Ag/

Sigma Crypto Chad

#BTC Update

⚠️ Choppy Waters: Bitcoin remains unpredictable and choppy at this stage.

⏳ Patience is Key: Next week's weekly close will be pivotal for BTC's trajectory, so hold off on rushing into the market for now.

💡 Opportunities Ahead: Stay alert, as good opportunities will present themselves soon.

https://www.tradingview.com/x/RkXWbxmD/

Sigma Crypto Chad

​​ETHBTC looks like a good buy point chart

👉 ETHBTC is at a historical low for the last 3 years
You can accumulate a position both in the long term and for speculative purposes (selling to BTC or USDT in May)

FTX customer claims deadline extended

FTX exchange extends deadline for customer claims

The FTX cryptocurrency exchange has sent an email to its customers, informing them that it has extended the deadline for submitting claims. Previously, May 15, 2024, was the last date for users to file a claim.

FTX liquidators expect this date to fall in late July or early August, giving customers at least 10-12 weeks to file claims. The company also noted that exchange customers can participate in the legal process in the Bahamas or the US, but not in both simultaneously.

#FTX #cryptocurrency #exchange #claims #deadline

#BTCDOMINANCE Update

📈 Dominance Increasing: Bitcoin dominance continues to rise, making it challenging for altcoins to grow at the moment.

💡 Future Outlook: After a significant squeeze up, altcoins will gain strength. This squeeze is expected around the key pivot date of May 20th.

📈 Altcoin Strategy: We plan to start actively buying altcoins once BTC dominance squeezes, likely around May 20th.

https://www.tradingview.com/x/iLRwrY2U/

Sigma Crypto Chad

🚀 Bybit Launchpool: Stake $NOT, $USDT or $TON to Earn a Share of 1,283,990,271 $NOT!

📆 May 16, 2024, 12PM (noon) UTC – May 23, 2024, 12PM (noon) UTC

🤩 During this period, stake $NOT, $USDT or $TON to claim a share of 1,283,990,271 $NOT for free!

👉To bybit launchpad

#bybit

#BNB Short

Stop loss: 620$
Take profit: 440$
Risk/Reward: 3.38

Adjust your risk!

https://www.tradingview.com/x/zOGU345j/

Sigma Crypto Chad

#ETH Update 📈

🚀 Ethereum's Uptrend: Ethereum is gearing up for an upward move. The structure is strong, and barring any unexpected negative developments, the likelihood of breaking down from its current structure is decreasing.

🕒 Missed Downturn Window: The window for a potential squeeze down seems to have passed, reinforcing the stability and potential growth of Ethereum's market position.

📊 Altcoin Strategy: Given Ethereum's promising setup, we are preparing to increase our altcoin positions soon.

https://www.tradingview.com/x/03lIH0RQ/
Sigma Crypto Chad

BTC correction might be over. Maybe we will see great rise of BTC price soon⚡️

📢 NOT coin is listed on binance and bybit!

👉 Well, this day has come, you can already feel the vibration on the table from the sound of the glass cracking 🫨

#NOT

​​🔴Sell in May and leave

“Sell in May and go away” is a well-known saying in the financial world, which reflects the recommendation of some investors to sell their assets in May and get out of the market before November to avoid potential losses.

This advice is believed to have been first formulated in the UK, where May marks the start of the summer holiday season. During this period, many traders and investors went on vacation, which led to a decrease in activity in the market.

This phrase can be heard more often on the stock market, but in crypto it is also relevant, especially after the arrival of institutions.

☝️ Take a look at the graph attached to the post

Here you can see the monthly dynamics of Bitcoin from August 2010 to April 2024.

August and September are the worst months for Bitcoin, while June and July also have below-average performance.

You may have noticed from your own experience that in the summer almost nothing happens on the markets and some serious activity begins only in October.

This, of course, does not mean that you need to urgently sell everything and wait until October to buy again.

👉 But you need to have some stables in your portfolio. My share of stables is about 55% and I will be able to buy off the bottom if this happens in the summer

#strategy

​​📢 In this post I will tell you what tokens I keep in my portfolio (excluding tokens purchased on launchpads) and also their number as a percentage of my crypto bank

🟢 ETH 30%
🟢 DOT 5% (I’ve bought dot long time ago with middle price of 13usd per token, and all I can do is wait for it to break even for me, apparently in the altseason😂)
🟢 USTD 15%
🟢 USDC 35% - I’m getting ready to buy off drawdowns, if there are any 💪

👉Next are launchpad tokens (for participation in launchpads, and their further sale, ideally at the top of the bullrun, because judging by the history of the past bullrun, they should give x10-x20⚡️)

🟢 GAFI (gamefi launchpad) 4%
🟢 IDIA (Impossible finance launchpad) 2%
🟢 GZONE (gamezone) 1.5%
🟢 DAO (daomaker) 1.5%
🟢 SLIM (solanium) 1%
🟢 POLS (polkastarter)1%
🟢 GAME (gamestarter) 1%
🟢 PKF (redkite) 1%
🟢 WWY (weWay) 2%

👉 I don’t encourage anyone to do like me, but I think it’s useful to have half or even more stablecoins to buy off the drawdowns.I don’t really buy altcoins (except eth in wich i trully believe and dot) because I don’t like bank drawdowns of 50-80% when the btc drops by 10-15%😅

👉 I continue to believe in launchpad tokens, even despite the fact that now projects on these launchpads come out below the ido price😔

I don’t consider meme coins out of principle, it’s like roulette to me😡 and they’re of no use

I have sold all my btc holdings and some ETH to achieve big percentage of stablecoins in my portfolio
👉 I used bybit exchange for token exchange
👉 If token is not on bybit, most surely you can find it on gate.io exchange or mexc exchange
On both these platforms you can take part in launchpads and launchpools as well to make easy bucks, so register if you still have no account⚡️

#strategy #portfolio

🟢 Where do you track your crypto portfolio?

I personally have checked lots of services, and prefer old styled google sheets, with crypto rates loaded from coinmarketcap(using 10 free api keys to retreive data). Than I have lots of flexibility to rearange coins, track each different wallet, put comments etc

But lots of people use ready-made solutions which we will cover in this post👇

👉 https://metatracker.pro
Price: from $0 for the basic tariff, which is pretty usable, and $3.9 - $7.8 for premium tariffs.
Number of tracked exchanges or wallets: 300+
🟢Pros:
- Integration with MetaMask for automatic data updates;
- Support for a wide range of cryptocurrencies and blockchain protocols;
- Useful reports and analytical tools, including calculation of unrealized profit for portfolios;
- An optimal free tariff for basic functionality, as well as affordable tariffs compared to other similar services;
- The “public portfolio” feature, which allows you to provide access to your portfolio and make it available for viewing;
🔴Cons:
- The service does not have a mobile application.

👉 https://coinstats.app/
Price: Free / $9.99 per month for the premium version
Number of tracked exchanges or wallets: 100+
🟢 Pros:
- Comprehensive support for multiple exchanges and wallets;
- Real-time price alerts and extended portfolio statistics;
- Management of all your DeFi and NFTs;
🔴 Cons:
- Some features are only available for paid tariff plans;
- Some new exchanges and wallets are not supported;

👉 https://app.koinly.io/
Price: from $0 with limited features, from $49 with advanced features
Number of tracked exchanges or wallets: 300+
🟢Pros:
- Koinly integrates with hundreds of exchanges and wallets, supporting over 20,000 tokens.
- User-friendly interface even for beginner users.
- Tax software has many features to automatically import data, track portfolio, and export reports to tax applications.
- Free version supports up to 10,000 transactions.
- Koinly generates tax reports for dozens of jurisdictions, including Schedule D.
🔴Cons:
- Koinly's paid features can be expensive for traders with high trading volumes.
- Small feature bloat that can overwhelm beginner users.

👉 CoinMarketCap
Price: FREE
Number of tracked exchanges or wallets: 100+
🟢 Pros:
- Free and easy to use
- CoinMarketCap tracks the indicators and prices of a large number of different exchanges;
- The 24-hour trading volume of each exchange, average liquidity, weekly visits, markets, coins, and fiat currencies are all displayed on CoinMarketCap;
- Users can create their own watch lists based on all these data, noting which exchanges they are interested in;
🔴 Cons:
- Portfolio is limited in it’s functionality

If this post shows interest, i will reasearch for other portfolio solutions and make follow-up posts⚡️

#guide #portfolio

​​📢 Ease of Motion (EOM) indicator 📈

Ease of Movement (EOM) is a fairly common indicator that displays in the form of a line how easily the price moves between levels. The analysis is carried out based on exchange rate changes and trading volumes.

🟢 On the weekly chart, EOM is suitable for determining the current trend, bullish market (indicator above 0) and bearish (below 0). The angle of deviation from zero gives an understanding of the strength of the trend, horizontal periods - consolidation 🕯

🟢 On the daily chart, EOM can give signals for a local trend reversal at points of direction change. Please note that the indicator unfolds first and only then the price.

👉 Not financial advice, but according to EOM, don't expect BTC to hit $70k quickly.

👉 To add an indicator to your tradingview, enter the word “EOM” into the indicators at the top. There will be an indicator from those analysis «Ease of Motion»

Save so you don’t forget 🆗

#strategy #guide

​​Bitcoin cycles

📈 Bitcoin has already had 4 cycles, each of which is divided into 3 phases:
- bullrun
- a fall
- accumulation
each of which takes approximately a third of the cycle

👉 On the chart, I highlighted when there were 4 halvings, and also marked with green lines all the phases in each cycle.

Bitcoin halvings dates:
- November 28, 2012
- July 9, 2016
- May 11, 2020
- April 20, 2024

👉 What does understanding cycles/phases give us?
Global confidence in the market, and an understanding of where we will move, globally.
I think we may see a rollback or flat in the summer of this year, but globally I see that the entire year 24, and most likely half of the year 25, will be bullish, and the BTC, and after it, altcoins will grow.

🟢 Therefore, if you do not want to take risks, you can sit in a position (like BTC/ETH) for a year and a half, and you are guaranteed to get 1.5-2x minimum.

🟢 In the summer, perhaps there will be a better entry point to the BTC and other altcoins.

I use mostly bybit exchange for my trading purposes, any who registers with my link will get 10% discount on fees

#guides

​​📢After bloomberg tweet ETH price raised up to 10% and BTC raised by 5%
ETH ETF approval chanses are increased from 25 to 75 percent.
👉I think it is simply a pump. Very certain, the price of all crypto would fall back eventually, during summer time.
Still will have a lot of ETH, if I am wrong, and will have a chanse to sell it by higher price

ISeems like it is good point to sell ETH, i have sold 1/4 of all my ETH holdings

As they told, sell on the news, before we know if it is true😂

#strategy

​​⚡️Golden rule of the market -
greed grows - sell 🔴
fear grows - buy 🟢

👉 We are all subject to emotions, and they essentially control our decisions
But in order to make money on the crypto market, you need to abstract yourself from them, and not feel either fomo or a sense of lost profit

👉 I sold it early - be patient, don’t buy it back
I bought it, but the price went down - also, wait. After all, I hope, when you made the decision to purchase an asset, you researched and were guided by logic, and not just emotions

👉 After all, you really want to buy Bitcoin or alt when it has been growing for several days in a row
And also, sell everything when you’ve been seeing a decline for a week

But this is all the way to drain the balance

🟢 Don’t make buying/selling decisions impulsively
You can’t make all the money, but by adhering to the strategy of buying on fear and selling on greed, you are almost guaranteed to come out with a profit.

Don’t make impulsive decisions; it’s better to think about the deal for a couple of days. And once you make a deal, don’t regret it 😉

link to greed/fear chart on coinmarketcap
I trade on bybit, if you don’t have this exchange, using my referral link there will be a 27% discount on commissions

#strategy #psychology

​​🔴 I am waiting for smth like this would happen during june-july
Sure thing the price can go higher in a short-term, but eventually, we BTC can go down to 57k or even to 50-52k and ETH to 2700-3000

But we will see the dip this summer👇

#predictions

📢 The US Securities and Exchange Commission (SEC) announced the postponement of decision-making deadlines for the Ark 21 Shares and Hashdex ETFs, based on Ethereum. The new dates for consideration of issuers' applications are May 24 and May 30, respectively.

👉 If they don’t accept (they postpone the decision, which is more likely, or refuse), then the ETHUSDT rate will fall

👉 If accepted, it is logical to assume that the ETH rate will be the same as after the adoption of the ETF on BTC. He was accepted on January 11 of this year.

👇 Below I attach a graph of what happened to the cue ball - and it fell from 48k per cue ball on January 11 to 38k on January 23 (a drop of 21%) and only then continued to recover

It is logical to assume that the same scenario will happen with ether

🔴 What do we have?
Regardless of whether the ETH ETF is accepted or not, we will soon see a collapse in the exchange rate. if it’s like with the cue ball, correction by 20%, then we will see a rate of about 3040 usdt for 1 ether
🔴 I would sell ether now, with the goal of buying it back for 3-3.1k in the near future (and in the summer it will cost even less)

💼 [Trade] on Bybit
💼 [Trade] on okx

#strategy #eth

The market is in the plus today, most altcoins are green. BTC is trading around $71,000, ETH is trading around $3,630. Bitcoin dominance: 55.22%;
Fear and greed index: 76 (extreme greed);
Altseason index: 41;
Market capitalization: $2.53 trillion.

Bitcoin dominance: 55.22%;
Fear and greed index: 76 (extreme greed);
Altseason index: 41;
Market capitalization: $2.53 trillion. Quick news in one line.

#cryptocurrency #bitcoin #ethereum #marketupdate #cryptomarket