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KOHENOOR KEN
Bullish
--・2.7k views
BTC bounces back after a sideways movement for three days. Strong bulls stay very much in and keenly looking forward to the two giga events scheduled within 150 days. Nobody knows where they will see BTC by mid 2024. Historic records, fundamental analysis and expected money inflow suggest BTC will be trading anywhere between $174,500 - $235,700 and may keep rising throughout the year. $BTC

BTC bounces back after a sideways movement for three days. Strong bulls stay very much in and keenly looking forward to the two giga events scheduled within 150 days. Nobody knows where they will see BTC by mid 2024. Historic records, fundamental analysis and expected money inflow suggest BTC will be trading anywhere between $174,500 - $235,700 and may keep rising throughout the year.

$BTC

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BNB stands out as the toughest of all crypto gems(top 20 by market cap). It managed to keep with its MA better than any. Although the market plunged with BTC and all gems followed yet BNB showed resilience and moved against market sentiment twice during the last week. The utilities of the asset are immense and we therefore, advised you to buy BNB six months ago with a repetition of financial advice almost every month. Yes! KEN does give you free advice for which you don't need any further research as this is not just an individual posting stories and feelings rather an organization with accomplished people running it. #BNB⁩ a must hold!
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Is the market getting back to normal? Is this the right time to buy? Technically, the needed correction has been achieved by the markets and market sentiment is neutral pro-greed. We can expect a short term bullish trend. However, this is not a fair time to buy in bulk. A staggered approach of buying should be employed to stay safe and get a chance to buy low around a pull back. Invest in highly liquid assets and watch for potential dark horses available at huge discounts. Stay safe! ❤️
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BTC is just 20% down from ATH and ALTs just around 50%. 😁 No interest in the top gems even at an RSI of 20. If we look at the most blown up of gems, MATIC and SOL rank among the most brilliant laggards. BNB remained strong but is shaky now. XRP, ADA, SOL, MATIC etc. are beating the hell out of holders. Where's the community support for them? KEN predicted a significant fall for ALTs after ETF but the decline is prevailing around at an unimaginable pace! Everyone seems to be selling out? 🤔
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Bitcoin has broken its major($63.6K) and minor($62.5K) support levels and is currently trading below $62.5K. It may mean collapse coming ahead. Don't panic unless $60.9K is the support. After that you are allowed to be scared to blow up your portfolios and get the hell out of markets for a few weeks. Futuristic fellows should hedge and DCA full duplex. Mark caution as the major sell orders are in line. Liquidity is a major concern as well because no fresh inflows have been seen around at all and finally, Whales are trying to snatch every last penny you've got. Suggestions: DCA if you can for long periods or you can leave the markets flying away with your capitals for some funny holidays 😜
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There is confusion regarding cryptocurrencies and whether trading them is permissible in Islamic Shariah or not! We are a Mudharba based company and have access to multiple sources for getting the most authentic verdicts and research oriented opinions of scholars. References may be provided if someone needs. Based on that we respond to the two basic queries as follows: 1. Blockchain based Cryptocurrencies with DeFi as the base model to govern them is thoroughly permissible in Islam. Like all technologies, it is the use that defines the ends and not the technology itself. The decentralized model is rather preferred by Islam. There are dozens of verdicts (فتاویٰ) available on web including one from the Senior Saudi Jurist that cryptocurrencies as well as trading them in spot, with or without a broker, is permissible. 2. Trading in the spot markets is permissible whereas on leverage, the opinions are slightly different. The popular opinion rejects trading in margins and futures declaring both prohibited based on the ground that the two violate the fundamental principles. One is the principle of ownership prior to selling and the other is of course Riba-free trading. The less popular opinion upholds that the rules of the game in cryptocurrencies differ from stock exchanges and money markets. The rules that are applied to fiats cannot be applied to digital assets. As long as the interest (Riba) is not explicitly involved in financing for margins and futures, none can declare such trading as prohibited. The group of jurists upholds spot trading but dislikes margins and futures instead of tagging them as prohibited. #Islamic
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