achmond (@achmond) • Hey
achmond (@achmond) • Hey
Publications
- 🇺🇸 Bitcoin ETFs saw $73 million in inflows yesterday, the 4th consecutive day of inflows.
We are so back🚀
- Can’t wait for prices to go up and for the vibes to be good again
No better time to be involved in this market than when nearly everyone is winning.
Also don’t forget to take some profits next time things get crazy again.
- 🚨BREAKING 🚨
METAPLANET A MAJOR JAPANESE PUBLIC COMPANY ISSUES ¥1,000,000,000 IN LOW INTEREST BONDS (0.5%) TO BUY MORE #BITCOIN.
EVERYONE BUYING THE DIP!
BULLISH 🔥
- 🚨BITCOIN ETFS UPDATE🚨
YESTERDAY'S SPOT #BITCOIN ETFS SAW SIGNIFICANT OUTFLOWS TOTALING $139.88M, MARKING 5 DAYS OF NEGATIVE FLOWS.
DESPITE THIS TREND, BLACKROCK MANAGED TO ATTRACT nullM IN INFLOWS INDICATING THAT SOME INVESTORS STILL SEE AN OPPORTUNITY TO BUY.
- #Bitcoin The fight for the golden fibonacci retracement is on.
It is was set the initial higher low from the initial leg up from the range low.
Let's see how it does here.
- Bitcoin🪙 Spot ETF records total outflows of -$580M this week
- Stay Away from Influencers who Shill Presale and Ulta Micro Caps.
They have already acquired a Position there at a cheap price and then shill it to you.
- Do this
- Market Update -
Big move from Bitcoin yesterday, finally giving clear acceptance above the $69.2k resistance. Now trading above $70.3k (Monday High) and $70.7k (Prev Week High) which becomes 2 key levels we want to see hold on a retest.
If we start to see support develop in this area, even some sideways movement, then we could see the ATH push come very soon. Looking at the BTC liquidity chart this morning, we can clearly see a very large number of sell bids between $71.9k and $73k. There is a good chance this liquidity acts as a magnet for the price.
Long positions are continuing to print, but looking for the next opportunity.
- BITCOIN Price Update
No need to complicate $BTC here. $ 69,000 (previous ATH) break is very bullish.
Monday pump and then Tuesday dump scenario is possible and this is how I see it playing out.
Main plan - $ 67,400 holds and we continue up
- Funding remains Normal by bull market standards.
- Open Interest is also not concerningly high.
Not looking to Short any Majors.
- Do this
- #Bitcoin's market structure remains firmly bullish!
A steady uptrend for well over a year now, consolidating right below the current all-time highs.
Matter of time before the next leg higher.
Bring it on. ⌛️📈
- #Bitcoin Key area on the lower timeframes.
Deviation or breakdown? What do you think? :)
- Check
- I Believe that Bitcoin is Done confusing People and now we slowly Pump.
Pump Non Stop but Slow.
- #Bitcoin Still gliding along the Daily 100 Moving Average.
This will be a good indicator going forward to gauge mid/high timeframe momentum.
- Bitcoin Price Update
1. Choppy PA continues, we’re squeezing b/w VWAP and H1 EMAs as support and H4 (blue) as resistance.
Time to long was at VaL (range low) as I said, resolution to either side ahead of CPI will be important.
2. OI reducing as levered longs are closing. We are also facing some spot supply on ByBit.
3. Neutral funding is another sign of perp long closing and some traders shorting expecting bearish CPI because of PPI numbers yesterday.
- #Bitcoin Liquidation/Liquidity Heatmap 👇
Pretty clear where liquidity lies at this point.
Above: $ 65.6K, $ 67.3K & $ 71.8K onwards. All the lower highs we created in this range.
Below: $ 50.5K as we've taken out most other major levels below $ 60K last week.
- #Bitcoin Has now been consolidating around its previous all time high for ~9 weeks.
In 2013 this took ~12 weeks.
In 2017 this took ~9 weeks.
- Yesterday’s ETF Flows came in at -$ 84.7M.
The week ended with a net flow of +$ 116.8M
$IBIT saw net flows of $ 12.4M.
$FBTC saw net flows of $ 5.3M.
$GBTC saw net flows of -$ 103M.
- #Bitcoin Some big bids appeared between $ 59-60K.
This makes sense in terms of a price level as it's the range low as well.
Yet to be seen if price seeks the liquidity down there.
Keep in mind these orders can be removed at any time.
- 💰 JUST IN: Grayscale's GBTC spot bitcoin ETF sees $ 63 million of inflows, ending 78-day outflow streak.
Bullish
- #BTC struggled to maintain above the 65k level and is now retracing to retest the 58-60k zone.
This zone holds significant importance, especially for the sake of alts. And honestly, I don't foresee BTC falling below it, as I mentioned earlier.
However, in the worst-case scenario, if the bulls fail to hold, the 49-52k zone could be the next destination for BTC, resulting in further losses for alts.
Keeping a close eye on the 58-60k zone for now.
Short term traders be cautious , its better to wait before opening new positions .
- Many traders/investors are losing patience. While we can't control their actions, remember what I said earlier.
They'll try to make you believe it's all over, that the bull season won't come back, and urge you to sell everything. Then, they'll pump it back up. Those who sold will end up buying everything back at the top.
It's the same old game they always play.
Stay firm.
- 🚨BREAKING🚨
GRAYSCALE REDUCES FEES ON ITS MINI-BITCOIN ETF TO A MERE 15 BASIS POINTS. NOW OFFERING THE MOST COST-EFFECTIVE BITCOIN ETF AVAILABLE IN THE MARKET
- Looking at the funding rate heatmap from the past 6 months, you can see how March was generally very overheated compared to the rest.
This is normal when prices are trading near new all time highs but also result in the occasional flush of leverage.
We just had such a flush
- One of the best strategies to distribute risk while buying on dips is to diversify into two specific categories:
1. Coins that show strength and don't go down a lot (with spot buying rather than perps)
2. Coins that absolutely puke but retest important levels while clearing out all leveraged longs
Examples of these categories in the latest correction:
Category 1:
PENDLE (continue to be very bullish on this and all assets that give easy and legitimate yield)
TON (silently mooned the past few weeks and now stronger than other L1s in the correction)
Category 2:
INJ (Market kind of forgot about it but one of the laggards that has a lot of potential to run it back up after sweeping some lows and a funding reset)
RUNE (testing December highs which are previous resistance + OI reset in that move)
Not Financial Advice
- Profit Making Tools 💯
1. Buy levels when Market Dumps.
2. Profit taking when Market Rips.
3. Sell Buttons when celebrities enter Crypto.
4. Buy Button when Bankers criticise Bitcoin.
5. Take Profit when CNBC discusses Crypto.
- When markets dips, you only focus on two things:
1. Which Coins were strongest on the Dip.
2. How quickly and which Coin recovered.
Those are the trades to Bet on.
- Btc pump Alts no movement
Btc -5% correction , Alts -10%.
This is the typical scenario during these dull market periods. That's why I've told it several times that not everyone will succeed. Market makers instill the belief that everything will plummet, encouraging people to sell and buy back lower. But suddenly, they pump the market higher again.
Stay strong and most importantly confident on your holdings.
- It may seem like new launches and airdrops are great as they give some kind of "wealth effect".
While thay may be true for the ecosystem/community it's airdropped to, it does take away a ton of liquidity and capital from other tokens as people rotate their capital into the new things. Especially in a choppy market like we have currently.
With both $ENA & $W trading at multi-billion market caps and topping the volume charts, that's arguably pretty bearish short term for basically every other token.
- #Crypto Funding Rates back to their normal levels after this recent flush.
#Bitcoin has been holding up pretty well around this $ 60-70K range but alts have been suffering on the back of a weak $ETH.
- Anatomy of a Pump and Dump.
Because of the recent onchain hype, many influencers are taking advantage of their audience - Here is a recent example.
Many of These assets have low liquidity and low Market Cap.
Injecting just 10-20 thousand of Capital can effectively pump price and begin a larger influx of innocent market participants.
You are then turned from a follower to exit liquidity.
- Altcoin Spot Trading Methods using Chart Only. 💯
1. Look for sector with major news catalysts. Eg: Blackrock entering RWA sector, NVIDIA conference for AI. Meme on Base.
2. Go to Coingecko categories list and go to that sector. Scan through all projects (ALL THE PROJECTS) above $ 50 million market cap for now with high Volume (Minimum 10 Million) This will enable good liquidity.
3. Look for EMA retests and S/R flips, where previous resistance turns into support via range high. Best is large multi-month range breakout and retest of resistance as support.
4. Watch the 4H 200 EMA which often acts as a support, indicating a strengthening trend. Retest of 55 EMA on the Daily is a great buy in Bull markets.
(Check what happened to INJ on 55 EMA on the Daily Chart)
5. Ideal entries occur when EMAs show a bullish crossover
(LTF EMA moves above HTH EMA), confirming uptrend.
6. Timing is key: The ability to catch these moments can be part skill, part luck. This is where FA comes in.
6. Target and psychological numbers where most people are likely to take there Profits and have set targets.
7. If you're waiting for entries, try this - Placing entries at a place where you'd place your stop loss can be a good buy. Those levels are often hit.
8. If you're sure about Entering a coin, market buying isn't a bad Option in the long Run.
9. Always know your exit. 99% of people didn't know this in 2018 and that's how they lost the money.
- To all the new Traders.
The strongest reason to research, trade hard and make a lot of money this Cycle is so you can have 100x the Capital Next Cycle.
You won't even have to bother about Researching and trading then.
Just buy everything after a 70% Dump at the end of this Cycle, forget and 10x your already huge Capital.
- BITCOIN CONSOLIDATION UNDER ATH IS ALMOST OVER
BTC HAS CORRECTED 17.5% FROM ITS ATH SIMILAR TO 2020
SOON BTC WILL START ITS NEXT LEG UP TOWARDS $ 100K
- Continuing the topic with Bitcoin & OTHERS (Total Market Cap excluding Top 10 coins)
Currently the chart is very similar to what we've seen back in 2020. Bitcoin price was breaking ATH, while OTHERS was finishing consolidation and prepared to break the second-top resistance out!
Bitcoin always makes the first step and Altcoins are following. At the moment we can see the same picture — Bitcoin just smashed the previous ATH of $ 69,000 while Altcoins are preparing to breaking through the second-top resistance (orange rectangle zone).
Once it is broken, a massive altcoin season will begin, just as it was in the beginning of 2021!
- Bitcoin Price
1. Previous Cycle High Breakout Done
2. Funding was much lower than previous attempts, no spike in funding even after moving past $ 70,000. This is very bullish, basis is narrower, spot is catching up to demand
3. Previous attempts had violent OI flushes. The slow grind up to ATH this time had little to no grind up, and now we're settling down. OI is slowly moving lower but I think this is just traders taking profit and moving on to alts.
Very likely for BTC to range here while alts continue To Pump.
5. Minimal liquidations since yesterday after the largest long liquidations in 3 years at ATH on March 5th. Apes have now calmed down post that.
We'll probably see the same thing in alts now as we have since March 5th in BTC
- Bitcoin is more than digital gold. It is more than a medium of exchange. It is more than a store of value.
And the ETF issuers are pitching all of these narratives and more.
- Bitcoin Price
1. Previous Cycle High Breakout Done
2. Funding was much lower than previous attempts, no spike in funding even after moving past $ 70,000. This is very bullish, basis is narrower, spot is catching up to demand
3. Previous attempts had violent OI flushes. The slow grind up to ATH this time had little to no grind up, and now we're settling down. OI is slowly moving lower but I think this is just traders taking profit and moving on to alts.
Very likely for BTC to range here while alts continue To Pump.
5. Minimal liquidations since yesterday after the largest long liquidations in 3 years at ATH on March 5th. Apes have now calmed down post that.
We'll probably see the same thing in alts now as we have since March 5th in BTC.
- Why Bitcoin crashed after $ 70k ?
Whales know everyone is bullish and
they are gonna send BTC to $ 100k
but they don’t want people to long
And ride with them so everytime Btc
breaks important levels, everyone
gets bullish and starts longing and
Whales always do this quick dump
to liquidate all the late longs.
I have seen this behavior since 2016
and this have always been the part of
game. Best approach is to avoid all
the futures trading and just hold your
spot bags and ride them.
Remember trading is a game where
we are competing with each other so
someone’s profit is someone’s loss.
Think like a whale and ride with them.
All these dumps makes me make even
more bullish coz I the past we have
seen after these dumps we always
see a massive pump.
Bitcoin is going to $ 100k. Its is 100%
programmed. Don’t get toasted in the
way with leverage. Spot and chill
- THIS IS HOW ALTS BREAK-OUT WILL PLAY OUT:
Bookmark this for later.
Liquidity Cycle:
• $BTC sucks up all the liquidity and dominance rises massively
• #Etherium begins sucking up some liquidity
• $BTC dominance drops and ETH dominance rises
• Big caps start sucking up liquidity.
• ALTS blast off to the moon!
- #Bitcoin Price Update
1. Triangle breakout as shared earlier leading to the pump
2. February High Broken Early in the month, any restest holding as support would be a bullish entry
3. We are only 5% from ATH, this is where you remain watchful about any flash dips
4. $ 3.87 billion of OI added since $ 52k range breakout
5. Even after so much OI increase, spot demand is intense as spot CVD is leading the current move up.
- 🤑🤑Get Freee meme token (fmbc)
https://galxe.com/fomobullclub/campaign/GCCt7t4Ktj
- Public Verification Post
🚀 Just submitted the request to list "Bonsai Token" on CoinGecko!
🎫 Request ID: CL0503240035
🔗 GeckoTerminal URL: https://www.geckoterminal.com/polygon_pos/pools/0xca17995e1bf0f8cd68510061d5e88a1c029f91dd