Hey guys, looking at the chart it seems like there's a chance to push the KPI up to 100 this end of November 😂 According to the rule when the price #BTC is too high, the altcoin season will always come! Because investors who missed the upward wave #BTC always do not want to buy at the peak but will look for other coins to replace! The current strategy for you guys is to still hold onto altcoins. $BTC $ETH
I think right now altcoins are only in a fairly optimistic stage, not yet at the level of trust like the picture!
$BTC runs before single-phase altcoins, so it has reached this stage!
This season's altcoin wave will not be like previous seasons, it will likely include 3 large waves forming a 3-peak or head-and-shoulders pattern!
Locking in principal and profit when entering the Bullrun wave this time is really important, because each wave will have a different altcoin trend, coins pumped up strongly in the previous wave do not necessarily mean the next wave will return to the old peak. #EarnFreeCrypto2024 #binance #Web3
While waiting for $ETH ETF to officially be traded in the next few weeks, $BTC ETF is being strongly gathered by funds to create beautiful fomo!
In the past 2 weeks, funds have poured more than 2 billion USD into $BTC !
During this time, the funds will silently collect $ETH . If this scenario is correct, it is guaranteed that when the ETH ETF is traded, we will witness fomo cash flow pouring into #ETH ETF after witnessing the attraction of #BTC ETF !
Everyone wants to be an early bird on Wall Street, but in the end they all arrive later than those of us who have stayed and followed the market closely through the worst times of 2022-2023.
Remember when the media reported fake news, the employee clicked the wrong button, SEC was hacked, tw lost 2FA 🤣 the purpose was also to drive the price to kill long short.
Billion dollar game like memecoin 🙂
Anyway $ETH over 10k this season is inevitable. Don't let the short-term price impact put you off.
Remember we have a long journey ahead. All good things are waiting for you. There is a stronger wave of altcoin season at the end of the year and the dream uptrend season ends.
Gold has been something the national government has been hoarding for many years
Human history shows us that when a country increases its accumulation of Gold, it is always a sign that war will occur.
Don't forget that before the war between Russia and the West broke out, Russia also imported record levels of gold
There is a paradoxical truth that few people notice that the USD is positioned for Gold, meaning that the value of Gold is determined by the USD, not Gold positioned for the USD.
So USD can be printed at will, and gold prices have been skyrocketing for many years According to Statista website, Russia and China are always in the top gold reserves in the world
What is worrying is that China is secretly importing Gold from Switzerland at a record increasing rate. Swiss customs data shows highest gold exports to China since December 2016
The report points out that Switzerland supplied China with 80.1 tons of gold, worth 4.40 Swiss francs, while China's previous import was only 35.5 tons, an import capacity of nearly x3.
World politicians are worried that China wants to do something in the future, and it must be something very influential, importing gold heavily is like loading bullets into a gun.
As of May 2023, China has 2,068 tons of gold, worth 138.6 billion USD. Although this amount is much lower than the US (8,133), it is much stronger than Japan at 846.
Faced with the FED's interest rate reduction and USD devaluation, China chose to let go of the USD and hold gold.
Remember I said before that $ETH $BTC must be approved at a very high level because it is beneficial for the dollar, so will ETH.
Currently, other than liquidating long shorts, there have been no strong changes after the #ETH ETF news. However, in the long term, capital flows from Wall Street will massively flow into $ETH ! #BTC ETH can be considered as the two main assets of the market, they are used for popular transactions no different from USDT and USDC!
#bitcoin $ETH price increase is equivalent to the capital flow to pump altcoins exploding strongly!
For example: BTC 70k we have 1400 billion to pump altcoins, BTC 150k we have 3000 billion to pump altcoins
Of course, the actual number will not come because only a portion of the BTC on the market will be used to swap to altcoins in bullrun!
However, the number of several hundred billion in cash flow is still very large. Now we just need to sit still and wait
If you had the opportunity to own 10,000 BTC like Laszlo Hanyecz did in 2010 - what would you do? - I will sell a small portion of 10% for daily living and I will keep the remaining amount #BinancePizzaVN
From next month onwards the inflation index will be very good - I dare to bet on this!
Not to mention, the Biden administration recently decided to open oil warehouses to push down oil prices to create motivation to cool down inflation!
This step is easy to understand because if inflation is high and he cannot suppress it, he will lose points in the eyes of voters, so it is time to make moves to charm the data!
Nowadays, you guys are calling for a crisis, a recession soon, but I've told you a lot that the market is too optimistic, so when the news is not good, they are pessimistic, but everything is not bad at all!
Personally, I have begun to form a clear plan for the market during the upcoming bull season
In this article I share, you must pay attention to the balance of Money = Goods, because it is what accurately determines the nation's future inflation, and many things hidden deep inside are quite interesting. Let's examine the correlation of BTC with US inflation over the months
- $BTC ETF officially approved from January 11, 2024
- After approval, it means that a new amount of goods can be traded in USD, such as stocks, gold, oil, and social goods, all must be traded in USD.
- The amount of old money remains unchanged, goods increase, then inflation decreases
- December 2024, CPI index 3.4% - After January 2024, the CPI dropped sharply to 3.1%, then gradually increased again.
- Why then gradually increase again? Because after the impact of money supply or supply of goods M, the impact of cash flow cycle V will run, meaning the more transactions, the cash flow cycle increases, and the more it increases, inflation will increase again.
So in your opinion, will approval of $ETH 's ETF be beneficial or harmful to the FED as well as the dollar?
Very high probability that $ETH ETF will be approved!
In particular, the US House of Representatives voted to pass FIT21 - the financial innovation bill for the 21st century!
FIT21 defines the terms surrounding 'decentralized systems' and when a network is 'decentralized' enough to no longer be a 'security', and then the SEC will no longer have jurisdiction over the asset there.
After $BTC, $ETH is the second decentralized system of crypto currently.
---> $ETH is not a stock!
Currently, the United States has a lot of interests in this crypto pie, especially when $USDT $USDC are two stablecoins used as the main trading currencies in the market!
It is not strange that they will find ways to support and promote crypto
Besides $STRK , there are many other items like $WLD that are being unlocked and are preparing to unlock a large number of tokens for the dev team and VCs!
However, I still believe that this is a good sign, because the token is not unlocked right at the peak but is unlocked right at the bottom of the market like now. Surely they will use strong media marketing and price line marketing to create FOMO. Then distribute the goods gradually!
My experience and the history of previous seasons have shown that coins - tokens will reach ATH in price when circulating supply accounts for 30-50% of total supply, especially when the supply is inflated and most of it is paid to VC. and team devs
My vision is the same:
At the end of this year and early next year, the coin unlocking conference for VC and dev teams will also be the strongest bull wave in this cycle.
Hold and continue to accumulate, don't let short-term fluctuations affect you
The real advice of this section is to decide to get in line and then brace yourself with the mentality of eating big!
At this time, it's not important to buy at what price - it actually sounds quite wrong, but the difference of a few tens of percent with crypto doesn't matter.
The important thing is at what price will you sell and what is your selling plan?
According to my experience, when going to bullrun, many people will close the deal due to lack of real combat experience, then regret that the coin they sold will fly away and move on to another one and continue to lose money!
So to avoid falling into the cycle of gambling and playing until you lose everything, you must have a clear profit-taking plan!
Some suggestions for you to plan to take profits!
- $BTC BTC DOM reaches the 40% support zone - #BTC 150k - 200k - Altcoin x4-5 at this price, please start selling gradually - if you are too scared, then x3, please start selling gradually, make sure when they are x10, you will have sold out 50-70% of the goods! - After taking profit, sit still, wait for the market to collapse USDT to 30k, sell 70 - 80% and leave the market, 20% can be used to catch dips to eat the next wave Hold $ETH $LINK
Short positions on $BTC are starting to appear as the price returns to ATH
Of course, I advise you not to go long or short anything right now because the risk of burning out will be very high when the price is extremely sensitive to big news at the moment!
Guys, remember at#BTCETFtime, there was a very heavy long short kill when the house played tricks!
The SEC's Twitter was hacked and announced that it would approve crazy pump and dump price ETFs for you to go long and short
In general, recalling that incident, we must implicitly understand that the American elite are very interested in crypto! $BTC - $ETH - Large cap - Midcap - lowcap