$BTC $ETH $AVAX 📌Every rise without correction scared me. I think corrections will begin between March 11-15 and will continue until the end of March. That's why I'm cautious.
📌It is to our advantage to progress by making ATH, but not every ATH should lead to breathless expectations of rise. Let's not forget the November 2021 ATH. I leave the photo below.
📌I don't want to make a decision before the daily closing. I still continue with the old positions and have not taken a new position. I have nearly 50% cash and I am determined not to put this cash into the market without seeing the correction I expect.
📌However, the resistance area it broke was important to me. Whether it breaks confirmed or not will also depend on the daily closing. But the thing is, with the gas of this resistance break, BTC can reach 73-74K levels, and in this case, the goods we have will increase :) If we see a possible horizontal movement, we will evaluate short-term opportunities again. For now, it's time to watch a little and be patient with what we have.
But as I always say, this is not the time to open a long one. While BTC has reached 72K without correction, those who open new longs are gambling. There is no problem with our old longs. They continue.
It is foolishness not to make a profit at these prices. Trying to buy goods with all your cash at these prices is foolishness.
The farming period for $AEVO I @aevoxyz, #Binance's 48th Launchpool project, has recently started.
As usual, I started farming by staking my idle $BNB and $FDUSD coins.
Anyone who wants to participate can start farming by selecting AEVO from the Binance Launchpad screen. The farm period will continue until March 13, after which listing will take place.
Now let's take a look at the $AEVO project.
Aevo is an emerging decentralized derivatives exchange in the DeFi space with a strong focus on options and futures. Aevo, an OP Stack-based Ethereum roll-up, is also supported by the Layer 2 network and offers its users the opportunity to trade advantageously.
AEVO's maximum supply is 1 billion units and 4.5% of this supply is farmed on Binance Launchpool. After the listing, 11% of the supply will be in circulation.
I expect it to show the same successful listing that previous projects like $PIXEL - $PORTAL showed.
#AltcoinRallies Sharing for those who cannot read graphics, do not understand the posts and do not have much experience.
I explain it very simply.
OTHERS MARKETCAP 🗝🫧〰🍾
Why? The entire market except the top 10 coins.
It is a parity that I consider important since we look at it for altcoins and there are no stable coins.
Why do I care so much?
It makes it easier to follow altcoins in cycles and allows us to easily see their rise and fall periods.
increase; It means new coins enter the market and altcoins rise.
This is the main image. We see 3 cycles in this chart. (2014-2024)
> We left the downward trend behind. I kept saying that 2024 would be a good year. Now the main direction is up, with corrections and intermediate recessions.
In the near term, I expect a good pre-subseason that may last between 2-4 weeks.
The lower parallel channel broke upward and we entered the upward phase. Although we will not see many aggressive movements, we will gradually move upwards.
The real big altcoin movement is towards the end of the year (November-January). I am waiting. It becomes clearer over time.
MEME wind will continue to be indispensable for every bull. But everything will rise in order, each coin sector will rise in turn. Don't worry if the coin in my hand is not rising. Everything waits for its time $MEME $DOGE $PEPE
After the rise in the morning, funding and open positions increased again, that is, long concentration was formed. They again deleted the open position worth 1 billion dollars and liquidated the long positions worth 44 million dollars. $BTC
🚨🚨🚨🚨🚨🚨 115,177 Bitcoins were removed from the Binance cold wallet. 40K BTC was moved to another cold wallet of their own, and the remaining 75K was moved to a newly opened wallet. The newly opened wallet will be marked as coldwallet after a while. $BTC
They have cleared all visible liquidity up to 59K in the current decline. The region above where short pressure increases is 65,376. There is 1.5 billion dollars worth of liquidation in this region. If the decrease does not remain as a flash crash, if the correction continues, even if there is no certainty, it can be wicked there, clean it and fall, if it remains as a flash crash, it can take it and continue. In short, when the price reaches there, it is useful to follow it, so keep an eye on that region.
When we looked at the funding and open positions side, I already shared it, but let me share it again, open positions worth 3 billion dollars were deleted, the majority of which were long positions. Funding would be considered very high under normal conditions, that is, if we were in a bear market, but it is very low compared to a rising season, so we need to get used to calling these levels normal. Funding is falling sharply with incredible pressure from current levels. The decrease in funding is a positive because if funding continued to increase while the price was falling, we would say that they are longing like crazy with every decline, so it could continue to trigger sharp declines. There is no certainty in these, they are just a prediction based on experience, that is, based on the situations we have experienced before.
It's a little weird for people to show positive things in a time when most people are afraid, but I say what I see and I don't make it up. The uptrend will not be broken even if the price reaches 55K, but if it continues to stay above 63K or 60K, bitcoin will be much better. In today's crash, the subordinates were not very affected at first, but later they started to tumble. This kind of decline in the bottom season for the bottom season is a kind of positive, dear whales do not like fomo, they like to take fear, so it would not be surprising if the bottoms come back strong from here. I'm a spotter, I don't have any problems. Those who are spotters don't have a problem. They say people are right, there is no rush. I say wait for a profit or a loss, but don't miss the rises, and I close the subject. $BTC
$BTC What's going to happen is the trend is up and they are blasting anyone who doesn't accept it and they will continue to blast it. However, while Bitcoin has a reason to rise, some altcoins rise just because bitcoin is rising, and I think the risk level for altcoins has increased very much in the short term.
Bitcoin has been closing a green candle for 7 months and this is the first time in the last 10 years that this has happened. In my opinion, if you are in the spot for the long term, there is no problem, just keep cash aside. As for leverage, it is beneficial to proceed by managing hedge positions.
Finally, if you are mostly in cash and plan to make a bull basket at these levels, calmly leave that money in its place, otherwise you may be upset.
There is a possibility of a withdrawal before the halving, no one knows the date of this because we renewed ATH and we are in a different situation.
🚨🚨🚨🚨🚨 ATH came, volatility came, now no one will be surprised even if altcoins fall by 30% from here, they will not be surprised even if a hard pump comes. We are currently entering the price discovery season. We will see ETF effects and supply shock closely.
There is a great opportunity and a great risk. The one who manages will win. $BTC $ETH