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fuzail siddiqui
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2023 ๐ง
Same Reaccumulation before the ETF Rally ๐
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๐๐๐/๐๐๐ ๐๐ข๐ฆ๐ฉ๐ฅ๐ ๐๐ซ๐๐๐ข๐ง๐ ๐๐ฅ๐๐ง ๐ย ย Swap #BTC into Ethereum whenever #ETH touches this trendline. ย Since 2020, ETH/BTC has touched this trendline twice. ย ๐๐ฎ๐ง๐ ๐๐๐๐ ย โช๏ธ ETH/BTC pumped 200% in 6 months. ย ๐ ๐๐ ๐๐๐๐ ย โช๏ธ ETH/BTC pumped 350% in 10 months ย It touched that trendline a few weeks ago too, which indicates that the bottom is in ย Do you think ETH is way undervalued and oversold now? ๐
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๐๐ ๐ฆ๐ข๐ ๐ฏ๐ฒ๐๐๐ฒ๐ฟ ๐๐ต๐ฎ๐ป ๐๐ก๐? ย Yesterday, $SOL flipped $BNB to become the 4th largest crypto by market cap. ย Let's compare both of them ๐ ย ๐๐๐ ย โช๏ธ Solana: $5.45 billionย ย โช๏ธ BNB Chain: $4.79 Billionย ย ๐๐๐ก๐ซ ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ซ๐๐ฌ๐ฌ๐๐ฌย ย โช๏ธ Solana: 1.23 million ย โช๏ธ BNB Chain: 834,427 ย ๐๐ซ๐จ๐ญ๐จ๐๐จ๐ฅ๐ฌ ย โช๏ธ Solana: 151 ย โช๏ธ BNB Chain: 780 ย ๐๐ญ๐๐๐ฅ๐๐๐จ๐ข๐ง๐ฌ ๐๐๐๐ฉ ย โช๏ธ Solana: $3.209 Billionย ย โช๏ธ BNB Chain: $5.03 Billionย ย ๐๐๐ ๐๐จ๐ฅ๐ฎ๐ฆ๐ (๐๐๐ก๐ซ) ย โช๏ธ Solana: $1.495 Billionย ย โช๏ธ BNB Chain: $600 Millionย ย ๐๐ง๐๐ฅ๐๐ญ๐ข๐จ๐งย ย โช๏ธ Solana: 5% ย โช๏ธ BNB: Deflationaryย ย Looking at the different metrics, it seems like SOL has an upper edge. ย But remember that #BNB has also lots of use cases in Binance exchange which is the world's largest exchange ย Which token do you hold more? ๐
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๐จ ๐ญ๐๐๐๐ ๐ ๐๐ ๐๐๐๐ ๐๐๐ ๐๐ ๐ฌ๐ป๐ฏ ๐ฌ๐ป๐ญ๐ ๐จ โฌ Total ETH bought: 30,583 โฌ Total ETH issued in 2024: 51,120 In just one trading day, #Ethereum ETFs bought 60% of the newly mined ETH in 2024 This is even more bullish than BTC ETFs Remember that ETH has: โ No miners selling pressure โ No dump from Mt. Gox and governments โ Provide consistent yield โ Has lower inflation than BTC We're not prepared for $ETH biggest pump ๐
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The next leg up will be likely the last leg up and will be the most massive one . Sell when you feel that you have made exceptional gains .
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๐ช๐ต๐ ๐ถ๐ #๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฑ๐๐บ๐ฝ๐ถ๐ป๐ด?๐จ๐จ ๐ป The US stock market took a huge hit as $1.1 trillion was wiped out.ย ย ๐ป S&P had its worst dump since October 2022. ย ๐ป NASDAQ 100 had its worst day since September 2022. ย ๐ป $250M in longs got liquidated.
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