Bitcoin halving is just a couple of weeks ahead and the #1 crypto asset is under selling pressure struggling to maintain $66K which is a bit hard to digest. Here's what to expect:
1. Sharks and whales are awaiting people to sell low. They're playing with their nerves by spreading negative news like 30,000 BTC is being sold which is a joke.
2. BTC may plunge further down to $62.8K increasing pressure on weak investors and traders to sell BTC and then comes a big rally.
3. All halving events start in red, go sideways and then boom. This one is unnecessarily trying to mock them which is funny. During past halvings; there was no spot ETF, no futures ETF, no mega institutions buying hard and the adoption was just 3000 times low. Absolutely no reason why BTC is under pressure this time.
The drama may end any time and you will get a surprise just after selling BTC.
Remember : No technical correction is needed now!
Stay vigilant , stay safe!

How far Ethena (ENA) can take you?
Based on supply stats, release pace and the initial circulation:
Fair price of ENA is $0.72.
Bulls case:
Target 1: $1
Target 2: $1.2
Target 3: $1.5
Yeah, that's all! Anything above that will be a bubble and buying above fair price may cause a real pain for holders / traders in short to medium term!
Stay vigilant and be extremely careful with new launches!

Which of the many new listings on Binance are worth buying? Less than 10% of projects being listed on Binance are worth buying. Binance is the # 1 exchange so the buzz and hype are natural. Binance has a good success rate too. 10% is a huge success percentage. On the majority of other exchanges this can be under 5%. So, 90% of projects are either too new to buy and hold or they're dubious. As long as we are here any project which is not reviewed by KEN is not worth buying. That's a simple formula

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!

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! ❤️

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? 🤔

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 😜

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

Here are some of the most promising projects currently below the ranks they actually deserve. You may see them exploding anytime.
1. Stellar (XLM)
2. Fantom (FTM)
3. Zilliqa (ZIL)
4. Chainlink (LINK)
5. Polkadot (DOT)
While making a portfolio, always give room to the underperforming projects with real utilities plus highly innovative and scalable network.
#HiddenGems

Crypto turns 15!
15 Years of unmatched growth and unparalleled adoption! Faster than the computer and the internet and of course it needs hard money to get in there! Challenges faced by Crypto are also unmatched! Governments remained hostile, conventional experts condemned cryptocurrencies but the public loved it. Therefore, we call crypto the public currency!
Hey Bitcoin, congratulations on getting your holders a million times more than any asset ever in the world since existence!
$0.001 to $65,000🔥
(15 years' ROI: many many million%)🤗

BTC Halving in just a few hours, cutting rewards in half + Israel's missile strike on Iran = Bloodbath again!
We will discuss the Israel-Iran stress in another post but first let's highlight the miners' passion:
The final super selling spell starts(s4)! Miners who earn bread and butter by mining Bitcoin and are around 70% of the lot have been selling to pay their huge electricity bills and buy some bags of wheat. 500-600 BTCs every hour is what the market can absorb but they took it to 2300+ per hour desiring to sell higher and ending up otherwise! Last month is marked by their passion!
Anyway, expect extreme volatility before the rewards are cut to half. They are planning their future and what to do with their mining rigs. Disturbed sentiment may play hard! You should be ready to buy low! Rigs and BTC both! 🤗
#BTCHalvingApril2024 #kenfi #BTC🔥🔥🔥🔥🔥🔥

The market cap is vanishing quickly, driving a large number of traders out of the game!
We warned you with everything we had and every time during the last few months of our activity on Binance Square. We'll keep on trying to help but it is actually the trader's duty to learn the science of trading and know the markets before he enters it. If one can't do that, he must take the professional trade advisory. It is really bad losing your hard earned money when you know you have a brilliant chance to save it!
Face the facts! Trading is a complex science and very few people know it after many months of training and many years of experience if not of decades.
More than 90% of traders are not qualified so, they lose money and will keep losing unless they realize this hardcore fact! Hope you're not one of them! 🫡
Cheers!

Bloodbath again! Nothing to worry about if you are a long term holder. For medium term holders in the spot, it won't cause much pain either but for short term holders: it is time to uninstall the apps and sleep well! Future traders with long trades open should await their assets to count as zero and short openers should close to book profits. Swaying stuff on the charts! Pullbacks are fun!
Cheers!

Although we never called for OMNI yet upon a few queries, we would like to comment quickly. OMNI is not worth $10+ and the rewards coming in OMNI are too small to profit from unless it hits somewhere around $140 upon listing which appears improbable. We therefore, don't recommend buying OMNI during the first two days of listing as it can be very risky.
#OMNILAUNCHPOOL #OMNICOIN #omnilisting
Cheers!

Only a few days to BTC halving (less than 5 days) and the crash combined! What does it mean? BTC plunged below the second super support in a day breaching 4 minor support levels as it was predicted two days earlier. Liquidity is no more an issue now if the capital flight stops which is directly linked with middle east tension. Now if Iran-Israel tension subsides, BTC will hit $84K in less than a month from now. On the other hand if war scales up geographically, $50.2K is the next major support. BTC may breach all minor support levels.

Be immensely cautious as the war situation is escalating. Israel is ready to wage a counter attack on Iran and the latter is ready too. If escalation continues , you can see a nose dive plunging markets and gross capital flights. Stay immensely vigilant! Tension is on the rise and the markets will collapse as a result. Stay safe! Stay away from leverage and open futures with due stop loss application

Leverage killed people financially but they never gave up. Anyhow, we have released a number of alerts and those who listened to us are happy. Bitcoin tested all major supports.. Liquidation in billions and billions stands achieved. Over 460 Billion dollars from the market cap flew away. It will start to stabilise now. You can start buying in very small chunks. Do keep a watch on Middle East tension updates and stay Spot only!

There are market level jams and traders are losing money due to momentous pull backs. Let's briefly discuss it!
Strong selling pressure and middle East tension are playing at the moment. $2.75T is a strong ceiling for market cap which is not the highest. We have seen the markets at $3T. However, at these levels particularly when BTC moves above $71K, a super selling pressure starts to mount causing markets to plunge. 8 times BTC has tried to explode above the resistance and it failed which is historically rare. The markets need fresh inflows and a broader spread to resolve liquidity issues or there will be pull backs playing havoc with the ventures of new traders.
Traders must mark caution! 95% of the traders are making negative gains. That means they're losing their principal amounts even though the cycle of bulls market has been around for a year. Traders need to learn before they trade or must seek professional advisory. Remember, preserving your capital is more important than booking and preserving profits.

BNB is all set to hit a new all time high. If there's any coin that deserves to be the best performing gem, it is BNB. Here's why:
1. BNB comes from Binance, the undisputed champion of the world in crypto exchanges with no competitor around till far.
2. BNB earns you assets with a potential to go 40000% on opening day of listing.
3. BNB chain is one of the fastest developing. It is one of the most adopted ones as well.
4. One of the most employed carriers for crypto asset transfers (BEP).
5. Binance is gaining good ground in the DeFi world. It may give us an innovative surprise soon by acting as the world's premiere hybrid finance switch.
6. Burning mechanism of BNB is continuously taking BNB out of the system. Decrease in circulating supply is a key factor for the coin to go up

A must Buy! A must Hold!

Entering last week before Bitcoin halving takes place with roughly 1,260 blocks to halving (7.5 days). Bitcoin is trading above its previous all time high and lower than current which signifies a possible buying trend coming ahead. Markets may be volatile during this time. Scarcity ahead may push BTC to hit a new all time high any time between now and June 30, 2024.
Stay cautious as whales love to play around events!