Ethereum saw the largest inflow via ETF yesterday surpassing the inflows of ETF on BTC
This is what can happen in my opinion by looking at the ETH daily chart
The price overcoming a very important price zone going to break upwards, I expecte a possible small retracement of the price until it reaches the imbalance zone inside the last displacement around $3530 / $3460 usdt.
That will be the area where I'll open a long on futures ETH/USDT and/or I'll buy more ETH spot to add in my wallet mid-long term.
As always, this is not financial advice - NFA do your own research - DYOR
Congrats to the European Commission. They are doing a great job and we have to give it to them. They are working very hard to make the European Union a wasteland for crypto investors and for the companies that would like to operate on this continent. Thank you EU for protecting investors from being able to have yeld on USDC
Europe is cutting itseld off from a market that is already expanding and will be increansingly expanding for the next few years.
Countries like USA are planning a Bitcoin reserve and want to make the United States the world capital for crypto.
While Europe is trying in every way to regulate negatively a world that needs incentives and not bureaucratic limits among other nonsensical things.
The only sense is to imit the adoption of crypto and not want companies in this sector on their own soil.
Europe will always live in the past and will be left behind on all economic and technological developments if it continues like this.
This makes us understand how important, influential and manipulative the government of the United States is in the world. For worse and for worse. Now that Trump has won the elections and has spoken to Zelensky strangely the wills and principles of the Ukrainian president are changing. Now he is willing to cede territories in order to end the war. Just as Trump has always argued that it should be done.
What does this have to do with crypto markets? There is only one principle to do with it that all investors and traders should know:
Regardless of which country you come from, you must always know what happens within the United States and what relationships they have with other countries. Because the American financial market is the most liquid market it is the market where the most capital moves, it is the market that dominates all the other markets, it is the market that all investors look at and move accordingly.
And the crypto? If you hadn't noticed Trump is putting together a government full of pro-Bitcoin politicians. The future of crypto has always been in the USA and from January it will be even more so.
Trump is creating a task force for the new American government where all components are in favor of Bitcoin and crypto.
News like this is positive in the long term for the crypto market.
However, this does not mean that it will be reflected on the price in the coming years, because the price is determined by liquidity on the market and not by news. When the price of an asset moves on the basis of the news it is called FOMO, where you will then only see a manipulation of the price to reach important liquidity areas, nothing more and nothing less.
This means that Bitcoin will follow its cycle like any market. He will have his bullrun period as he will have his bear market period again even with a government extremely in favor.
So what will change? It will change the way we see Bitcoin and crypto.
It will change the legislation on this.
It will change the adoption that will be greater
The political and legislative wars against crypto will change.
The world will be more unbalanced to protect Bitcoin than to fight it as they have done in recent years.
I think that the promises that Trump made in the election campaign regarding a friendly administration towards Bitcoin and that it will not hinder the development of crypto can become reality.
How can the fact that the USA could create a store of value in Bitcoin become a reality.
And make the United States become the central pole of crypto development
All this news can only make us think of one thing: we are facing a new era for Bitcoin and for the world of crypto.
The Trump administration is already showing itself in favor of the world of cryptocurrencies without yet being at the White House. Making people think that the election promises that Trump made will be kept.
It's still too early to say but everything makes us think positively.
The safest thing is that we will no longer have a political administration against Bitcoin, in fact Trump is putting pro-Bitcoin people in his administration.
And it makes us think big
Bitcoin could really become the new store of value of the United States. And why not, it could become an official payment method equal to the dollar on the entire American soil.
And meanwhile BlackRock continues to record record inflow on its etf and Microstrategy buys another $1.75 billion in Bitcoin.
And the price of Bitcoin today has reached a new all-time high.
Yes, what you see darkened in green are my entries on DOGE, for confidentiality I wanted to hide the amount of DOGE I bought but I left you the levels I entered. It was a good play.
What we see now is that the price of DOGE had a strong upward expansion that went to break the last relative high we found at $0.22. In recent days the price is slowing down, which is completely physiological.
What I expect now is a possible retest of some important levels.
The most plausible scenario at the moment remains the retest of the FVG below $0.32 before a possible price rise to $0.40 and above.
Another excellent level would be below $0.27 where we find another area that the price has broken strongly upwards leaving a big inefficiency.
The best scenario, however, is also the one most difficult to see, the retest of the structure that we broke on $0.22. It is the most distant area and at the moment most difficult to reach as it would still be a healthy descent for the price.
DOGE is the first token that became a memecoin and has always been very dear to Elon Musk. Those who are not new to the crypto world know well that over the years Musk has been responsible for some pumps of the DOGE price. And now it remains, because DOGE has seen such a strong rise because Elon Musk has officially called D.O.G.E. his department within the Trump administration.
So I am very positive about the future of DOGE and will continue to look at it very closely to take possible trades and add positions on this asset.
TOTAL 3 without the dominance of USDT, USDC, BTC & ETH
This chart show us the real dominance of the Altcoins.
Without the market cap of the two most important and capitalized stablecoins and the 2 most important crypto you can see how low the Alts market is.
And how high it was instead in 2021 when we were in the middle of the Altcoins season. The difference is abysmal. Now we are right at the bottom of the market. And dominance is congesting on a key support level.
What does this mean? It may mean that we are not even remotely close to the price levels that many Altcoins can reach as soon as the dominance of Bitcoin and USDT begins to collapse for real.
TOTAL 3 If you invest in Altcoins you must absolutely take into account the chart of the total 3
We saw with the end of last year a recovery of the altcoin market that rose thanks to the narrative of the approval of the spot ETF on Bitcoin that dragged the entire market upwards.
With the new year we saw a sequence of decreasing highs and lows that led altcoins to outperform Bitcoin, which is completely normal. This phase is called accumulation.
After finding a bottom and congested on an important structure level, we have seen a strong recovery of altcoins in these last two weeks.
Now, with the closing of this week's weekly candle we had an upward break of the last relative maximum. What I now expect is a continued expansion of dominance towards higher levels and therefore an altcoins market that is starting to enter altseason.
Could there be a retreat? Absolutely yes, as I show in the chart below. The retreat of dominance to retest the newly broken structure could take place and could lead the altcoins to retest themselves of the important price levels that have just broken upwards.
This would be completely healthy and normal for the market, as I expect a still strong Bitcoin dominance and still ready to rise, bringing the price of Bitcoin to new highs.
As a result, at this stage altcoins could continue to congest above newly broken key levels and retest their structures before a continuation of the uptrend they have begun.
Very bad, but we could start finding a bottom if there is still interest in investing in ETH as I think there is especially for more traditional investors, as there is also the spot ETF on ETH and it is starting to see higher inflows than before in this last week.
In my opinion, this should interest us as far as ALTs are concerned as long as it doesn't change the narrative.
If it were to change we could see a 'division' of the market where ETH breaks away from the Altcoins narrative and takes a cycle in itself therefore detaching itself from the narrative one and no longer having to deal with the alts cycle but living on its own life as it is performing poorly compared to most other Alts and in my opinion if this were to happen, ETH would become an asset in its own right like BTC.
SOL could take the place of Ethereum as queen of Alts tracing the path on which then all the alts would follow it.
Why is it important? Because it makes us understand where the liquidity is moving. It makes us understand how much investors are moving their capitals from safe and stable assets such as stablecoin to assets risk on like Bitcoin or Altcoins.
As we can see the USDT dominance is continuing to go down after it broke the distribution channel. Now we are very close to the bottom where I expect the real Alts season to start.
Why do I consider USDT dominance and not some other stablecoins like USDC or DAI? Because USDT is the most capitalized stablecoin.
To understand where liquidity is moving it's necessary to go and check the other most important dominance wich are
- the Bitcoin dominance - Total 3 - Another Total market cap excluding stable and BTC & ETH
This should make you think about what we are experiencing and what we will experience in the coming months. Don't be greedy, don't try to squeeze the market because it will end up being that the market will squeeze you. Did you invest well? Have you entered on good levels? Are you in profit? Take the money and make these profits.
Don't miss the opportunity to make money because until you make a profit you still have time to lose money.
Holding positions indefinitely will not help you, you will rely on chance and you will lose many opportunities to make a profit and increase your portfolio.
A rally over the weekend hasn't been seen for some time, especially going from ATH to ATH. The indicators signal an extreme greed on the crypto market.
Why this thing? This week was marked by two very important news, among the most important of the year.
We had the US elections where we saw the victory of President Trump considered by everyone as the Crypto President, the one who is in favor of Bitcoin. And we had a further 25bps interest rate cut. This means only one thing
get ready for a bull market
Investors will be increasingly predisposed to borrow money to invest in risk-on markets such as cryptocurrencies.
The new American government will be willing to inject liquidity into the country's economy to show the strength and positivity of their new economic policies.
And finally we will most likely have good news on the development and security of Bitcoin and crypto on American soil, without more wars with the SEC or legislative hitches with the American government.
What will happen if they removes the ban on crypto? We will probably see an inflow of capital never seen in the crypto market in its entirety, not just on Bitcoin. And this will happen even if the their government does not remove the ban on crypto. Because the way to invest is always found even in the face of a state ban.
Some time ago it was said that the next bullrun could be pushed by their liquidity initiation, that that time has arrived? In my opinion only in part. Their market is not as powerful as the American one.
Because let's face it, it is the American market that moves financial assets, it is the American stock market that is the most important and the most liquid, even if the world is dividing between West and East this division is not yet so marked and the dollar still has its strong weight on the markets.
Bitcoin is being bought all over the world of course, but who is buying billions? BlackRock, Microstrategy, Coinbase, Tesla, Galaxy Digital Holdings and many other investment funds that offer spot etfs on btc.
In conclusion, I think the this market won't make all this difference unless they remove the ban on crypto. If that were not the case, we will live the bull market in the same way even without them.
Trump won and I concomitantly reached 3k followers Thank you all for the support and interactions you have with me. I will always continue to keep you informed about what is happening in the world, about my thoughts as a trader and investor and about the crypto markets.
Polymarket has proven to be the most stable and serious crypto financial infrastructure during these elections, playing a key role in voting predictions.
Polymarket, thanks to its forecasts and the predictions of bettors, was able to give a complete picture of what was really happening in real time. It is a tool that has proven an incredible use case in addition to having enriched (rightly) bettors. And there's nothing wrong with that. It is always a financial instrument and as such it must be.
But someone doesn't like this thing, they don't like people getting too rich, they don't like them becoming financially free or paying less taxes than they earned.
France is setting an example with this news.
Macron, former goldman sachs, knows that retailers, ordinary people, cannot and must not get rich, but they must remain as much as possible within the so-called mouse race.
Moreover, Macron is not on the same political side as Trump and was certainly rooting for Harris' victory. This now leads him to take it out on those who enrich citizens and those who had a weight on Trump's victory.
Showing us that both American and European traditional media distort news and information, saying falsehoods, for their favorite political part, that is, who controls them: the democrats
Polymarket and neutral, it shows us the data of bettors from all over the world and consequently the will of the people, because the money goes where there is the will to make it go.
This is great for people's freedom, but it's bad for those who want to control people
This is the crypto market😂 If you are an investor in crypto and Bitcoin I think you have the good sense to have voted for Trump. If you are an investor in Solana or in Bitcoin or in Doge or in any crypto that exists I think you are smart enough to have cheered for Trump's victory, because it is thanks to this victory that you are seeing your crypto rise.
And it will be thanks to this victory that we will have laws in favor and we will no longer be seen as the 'stupid' of finance, like the dumb money of finance, even if we will always be dumb money compared to large investment funds.
But this is another story that I will tell you later🤝
IT’S DONE Donald J Trump is the new president of the United States of America! This is the most bullish news of this year.
And not only this year but also for the next 4 years.
These will be the years in which a change of direction is possible with respect to the relentless decline that the Democrats were causing the United States and the rest of the Western world to take. I am not an American citizen but it encourages me to know that the most powerful country in the world is finally governed by a person of common sense, by an entrepreneur who knows how the world works, by a person who is respected by the leaders of other foreign countries and has the ability to grow the economy of his country.
Not to mention borders, government spending review, the end of the woke agenda and the 'democratic' authority that the dem had established, these will probably be the most flourishing years and adoption for Bitcoin and crypto. Trump has always been in favor of crypto and had declared that he wanted to make the USA the world capital of crypto and if this promise is kept we will really see a market capitalization rise to levels never seen before.
These will perhaps be the years in which we will see true mass adoption