I need to repost this for sure.

I've said that it was your last chance to buy $ETH under $3,000 and many of them didn't believe me.

Now, we are seeing that people are trying to buy $ETH at $3,600.

And now, I am taking profits.

I was buying when people were selling, now people are buying when I am selling.

The difference is I bought low, and sold high.

The others did the other way.

$ETH $BTC and other altcoins are flying at the moment!

Check this news about #ETHETFS , the market is burning rn!

$BNB on a 4-hour timeframe is currently consolidating within a symmetrical triangle pattern, suggesting an imminent breakout.

The price is hovering around the 25-period SMA, indicating a lack of strong directional momentum, while volume remains low.

Key levels to watch are the immediate support at 570 USDT and resistance at 576 USDT, with a significant resistance at 618 USDT.

A breakout above the upper trendline could propel the price towards new highs, whereas a breakdown below the lower trendline might lead to a decline towards the 500-520 USDT range.

Traders should look for a decisive move with strong volume to confirm the next significant direction.

$ETH - The Computer of the World

Ethereum is often called the "world computer" because it's like a giant, global computer that anyone can use.

It allows people to create and run applications, just like you use apps on your phone, but these apps run on a network of many computers around the world instead of on one single device.

This means they can't be easily shut down or controlled by one person.

Ethereum uses a technology called blockchain to keep everything secure and transparent, so everyone can see what’s happening and trust that it’s fair.

It's powerful because it lets people do things like make agreements (smart contracts) that automatically follow the rules set by the users, without needing a middleman.

$BTC > Dollar, why?

Bitcoin has a maximum supply of 21 million coins, meaning there will never be more than 21 million bitcoins in existence.

This limit was set by its creator, Satoshi Nakamoto, to make bitcoin scarce, like gold.

As people "mine" bitcoins by solving complex puzzles, they are rewarded with new bitcoins, but this reward gets smaller over time.

Eventually, around the year 2140, no more bitcoins will be mined, and the total will reach 21 million.

This scarcity helps make bitcoin valuable because, like rare items, there’s a limited amount available.

$ETH Technical Analysis

Supports:

1) 3,058
2) 3,000
3) 2,950

Resistances:

1) 3,140
2) 3,200
3) 3,250

High Time Frame Trend:

It broke the downward trend, thus we are expecting upward movements.

Low Time Frame Trend:

Sidelined between 3,130 and 3,060.

Stay tuned for $BTC and $BNB analysis.

$ETH is currently the most valuable asset that could be worth
As ETH's ETF issue approaches, people have become more cautious, but if we look at the price movements in the past, ETH seems to have already priced an ETF rejection. The unusual decline of ETHBTC also supports this. It is almost certain that ETH will fall in the short term if the ETF is rejected, but when we look at the long term, I definitely consider these declines as buying opportunities. When trading, people should not only trade according to charts, but also according to macro data. Although ETH lags behind other assets in terms of ROI, I expect it to rise rapidly after the ETF event.

What does hedging mean in terms of $BTC ?

Hedging Positions:

What is Hedging?: Hedging is like buying insurance to protect yourself against big losses. In finance, it means making an investment to reduce the risk of price movements in an asset.

Why Hedge?: Imagine you have some Bitcoin and you’re worried that the price might drop. By hedging, you can protect yourself from losing money if the price does go down.

How Does it Work?: You take a position in the futures market opposite to your current position.

Example:You own 1 Bitcoin (worth $50,000 today).You're worried the price might drop.You sell a Bitcoin futures contract that agrees to sell Bitcoin at $50,000 in a month.

Result:
If the price of Bitcoin drops to $40,000, you lose $10,000 on your Bitcoin.But, because you sold the futures contract, you gain $10,000 from it (because you can still sell it at the higher, earlier agreed price of $50,000).This way, your overall value remains stable at $50,000.

Why Use It?:
Hedging helps businesses and investors manage risks.It ensures that even if market prices fluctuate, they can avoid significant losses.

Summary: Hedging positions in Bitcoin (or any asset) means taking a trade in the futures market that offsets potential losses from price movements in your current holdings. It's like buying insurance to keep your value stable even if prices change.

I long some $BNB , why?

Firstly, if you look at the chart below, you can see that BNB is stuck in a triangle.
If there is an upward breakout from this triangle, it is really not difficult to predict that BNB will make a new ATH.
Also, since the Funding Rate is currently negative, it will be a pose that I can carry for the long term, so Funding Fees will not bother me.
Also, BNB is currently one of the most reliable altcoins after $ETH , its price is quite stable.

ELI5 - What is Funding Fee in terms of $BTC

In the world of Bitcoin futures trading, the funding fee is a small payment made between traders to keep the price of the futures contract close to the actual price of Bitcoin (called the "spot price").

Here’s how it works:
Futures Contract: This is an agreement to buy or sell Bitcoin at a future date for a price agreed upon today.

Price Difference: Sometimes, the price of the futures contract can be higher or lower than the actual current price of Bitcoin. This difference can be due to market expectations or demand.

Funding Fee Role: To keep the futures price close to the actual price of Bitcoin, exchanges use the funding fee.

How It's Paid: If the futures price is higher than the actual price of Bitcoin, those who are betting the price will go up (long traders) will pay a fee to those betting the price will go down (short traders). If the futures price is lower, the short traders will pay the long traders.

Purpose: This system ensures that the futures price and the actual Bitcoin price don't drift too far apart. It helps maintain market stability.

Example:

Imagine the current price of Bitcoin is $50,000.

If the futures price is $51,000, long traders might pay a funding fee to short traders to incentivize the price to come closer to $50,000.If the futures price is $49,000, short traders might pay a funding fee to long traders to bring the price up towards $50,000.

So, the funding fee is like a small balancing act to keep the futures market and the actual Bitcoin market in sync.

Now, $ENA has negative Funding Fee Rate, it means if you open long position on it, you will earn money by funding fees!

What's happening in $ETH and $BTC ?

The market was quite illiquid over the weekend and so we had a boring weekend.

However, with the news from Iran, the market went down a bit and people thought that 13 April would be repeated again, but it was not so serious.

With the start of the week, we caught a nice rise again on the ETH and BTC side.

In my opinion, ETH will be ahead of BTC in ROI as we approach ETF, and that's why I invest in altcoins such as ETC, $ENA , PENDLE, which are ETH Betas.

For ETH, the 3,200 resistance still stands at the moment, if this resistance breaks, we can see a sharp rise.

Since I think the ETF rejection has already been priced in, I don't think we need to worry too much about it.

I think that the decline when the rejection news comes should definitely be considered as a buying opportunity.

On the BTC side, as long as the macro data is good like this, there is no reason not to see new ATH, prepare your bags in advance, friends!

What does $ETH Betas mean?

$ETH Betas, in a simple financial sense, refer to the measure of how much the value of Ethereum (ETH), a popular cryptocurrency, moves in relation to the overall market or a specific benchmark, like the cryptocurrency market or a stock index. If the beta is 1, ETH's price moves exactly in line with the benchmark. If the beta is greater than 1, ETH is more volatile than the benchmark, meaning its price goes up or down more sharply. Conversely, a beta less than 1 indicates that ETH is less volatile and its price changes less dramatically than the benchmark. This helps investors understand and predict ETH's price behavior relative to the market.

I have longed $ETC . Why?

I'm not usually into finding betas for $ETH ,but if I had to choose, $ETC would be my top pick.

Here’s why: it's an old coin with low inflation and no unlocks, it reminds me of how BCH surged with BTC ETF approval, there are many ETH-related coins trying to be beta for various reasons, and it has a halving event in about two weeks.

From a technical analysis standpoint, there's a potential breakout in the $25-28 range and a 1D trendline reclaim.

Overall, it's the best setup I can find.

ELI5 - What does ROI mean?

Return on Investment, or ROI, is like keeping score on how well your money is doing.

Imagine you lent your friend some money to start a lemonade stand.

After a while, your friend gives you back your money along with some extra as a thank you for helping out.

The extra money your friend gave you is your return on investment.

It's basically the profit or gain you make from investing your money in something.

In the world of cryptocurrencies like $BTC and $ETH , ROI works similarly.

Let's say you bought some Bitcoin a year ago, and now its value has increased.

The difference between what you originally paid for it and its current value is your ROI.

If it's a positive number, congratulations, you've made a profit!

But if it's negative, unfortunately, you've lost money on your investment.

ROI helps you understand how well your investments are performing and whether they're helping your money grow or not.

It's a key metric for investors to gauge the success of their financial decisions.

ELI5 - #CMEBitcoinSpotTrading

Imagine you have a big box of trading cards, and everyone wants to trade with you because you have the rarest cards.

Now, the CME Group, which is like the referee of trading, wants to start trading these special cards, called Bitcoin, too.

This is because lots of important people, like those on Wall Street, want to trade Bitcoin, but they want to do it in a safe and organized way.

So, the CME Group is talking to these traders to figure out how they can trade $BTC just like they do with other things, but with rules to make sure everyone plays fair.

This is a big deal because it shows that even more big, serious companies are getting interested in Bitcoin.

Before, it was like only the cool kids on the block knew about it, but now even the adults are paying attention.

This could make it easier for even more people to buy and sell Bitcoin, which could make its value go up even more!

ELI5 - What Is Pair Trading

Imagine $BTC and $ETH are two superheroes in a city of digital money.

Pair trading in cryptocurrencies is like watching these superheroes battle it out in the city streets.

Sometimes, BTC flies high above the city, making everyone go wild with excitement.

But when BTC is flying high, ETH might be chilling in the shadows, not getting as much attention.

That's when the pair trader swoops in like a superhero sidekick.

They sell some of their BTC, thinking it's reached its peak, and use that money to buy ETH, which they believe is poised for a comeback.

It's like saying, "Hey, BTC, you've had your time to shine. Now it's ETH's turn!"

Then, if ETH starts zooming through the city, gaining popularity, and BTC takes a breather, the pair trader might reverse their move.

They'll sell some of their ETH, thinking it's reached its peak, and buy back BTC, betting on its resurgence.

It's an exciting game of predicting which superhero will dominate the city skyline at any given moment.

And for pair traders, it's not just about the thrill; it's about making smart moves to ride the waves of these digital superheroes' adventures!

Holy smokes, this LINK chart on Binance is an absolute thriller! A

fter winding through a twisted valley of volatility, the price action absolutely erupted in an explosive rally that sent prices skyrocketing to the heavens.

Those green candlesticks are lighting up the chart like a blazing emerald inferno, incinerating any bearish sentiment in its path.

From the depths around 14.9, this trading pair made a blistering ascent beyond 16.3 in what seems like a relentless bull stampede.

The volume bars are raging like intense wildfires, signaling an influx of traders piling onto this scorching uptrend.

Buckle up and grab some sunglasses, because this cosmic rally shows no signs of cooling off anytime soon!

The buyers are raining down with absolute conviction, determined to propel $LINK prices into a stratospheric upward spiral.

Fasten your rocket thrusters and prepare for launch - this explosive chart action is an electrifying thrill ride that crypto daredevils live for!

Bitcoin is currently demonstrating strong bullish momentum on the 15-minute chart, with a clear upward movement followed by a period of consolidation.

The 25-period SMA (65641) has been providing solid dynamic support, with the price maintaining levels above it.

The recent breakout above the 60684 support level, accompanied by a significant volume increase, highlights strong buying interest and a potential shift in market sentiment.

The key resistance level to watch is around 66389, which has been tested but not yet decisively broken.

A successful breakout above this resistance could lead to further upside potential.

However, traders should be vigilant for sustained volume support and watch for any reversal patterns that might form near this resistance.

This chart suggests a favorable outlook for $BTC , but careful monitoring of these critical levels is essential.

$ETH has broken out from its recent consolidation phase on the 15-minute chart, surging past 3020 with strong bullish momentum.

The breakout, confirmed by a significant volume spike, indicates potential further upside, especially if it sustains above the 3028 resistance level.

The 25-period SMA (2959) acted as support during the consolidation and remains a crucial level to watch.

Traders should monitor for continued volume support and any reversal patterns that could signal a shift.

I told you, you didn't listen. From now on, every dip is a buying opportunity.

Now the regime has changed guys, it's not a good time to be bearish, the economy will go to growth and this will benefit the crypto ecosystem. Shorting may bring gains in the short term, but the long term thing to do is to stay long.

Watching $ETH is breaking the downtrend with my long positions.
$BTC $ETH