🥇 BullRun will likely be completed in Q4 2024 - Q1 2025.
History of previous seasons, after breaking the previous record peak, the time continued to extend:
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2013 : 8 months
2017 : 8 months
2020 : 5 months
2024 : 5-8 months
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In 5-8 months from now, the new record peak could be in Q4 24 - Q1 25.
The next 5-8 months will be the period taking profit 🚀
Topic: BTC and ETH Trading Journey (Read 278 times)
Good! ETH Spot is approved. 
https://s3.tradingview.com/snapshots/i/iBsRzqnF.png
Bull in progressing ....
Waiting for something boost.
Bull in progressing ....
Waiting for something boost.
#ETH had a strong price increase in Q1 2024, prices have now completed a correction and are ready to return to gain higher. The new opportunity at the current price
🟢This is a sign calling for a continous upside to pass $5.000
Current $ETH: 2980 🚀
🟢This is a sign calling for a continous upside to pass $5.000
Current $ETH: 2980 🚀
I'm waiting for that to settle at 5k, meanwhile my asset still remain same quantity as expenses became so tight right now. No other options could help me but use my existing eth holdings, just to convert it to fiat. With a strong dedication and self control, I was able to do budgeting on my tradings. Once I dump everything, possibly I will be drained without an alternative funds.
ETH being considered in trouble because of the competition that it has, is a great thing for the crypto world, because while ETH itself is still going up, other things are going up as well, which makes it even better. I am not saying that we are going to see ETH going down, I think that will continue to go up, we just going ot have a situation where everything else goes up as well.
Yet some people don't see it that way especially the ETH fanboys out there that still believes ETH will replace bitcoin. I definitely that it's a good thing because with the way that bitcoin is going which is to the moon and beyond, the variety of potential crypto to invest from is just one way to make sure that the power isn't consolidated or anything like that, plus we can always have the narrative of cryptocurrency making random people into millionaires if not wealthy with more cryptocurrency that's got a potential that keeps on pumping out .
@BTC now completed a correction and are ready to return to gain higher.
🟢 Trend: Bullish 🚀
🟢 Support: 60.000
🟢 Target: 100.000
// Fundamental news support the Uptrend //
_______________________
- A weaker dollar and lower Treasury yields, after latest US CPI data indicated a slowdown, strengthening expectations of an interest rate cut by the Federal Reserve.
- Investors are now pricing in around a 75% chance of a Fed rate reduction in September and 85% for November.
- Lower interest rates boost the Stock, Crypto, Gold market
#BTC
https://s3.tradingview.com/snapshots/i/ie3KQVq8.png
🟢 Trend: Bullish 🚀
🟢 Support: 60.000
🟢 Target: 100.000
// Fundamental news support the Uptrend //
_______________________
- A weaker dollar and lower Treasury yields, after latest US CPI data indicated a slowdown, strengthening expectations of an interest rate cut by the Federal Reserve.
- Investors are now pricing in around a 75% chance of a Fed rate reduction in September and 85% for November.
- Lower interest rates boost the Stock, Crypto, Gold market
#BTC
https://s3.tradingview.com/snapshots/i/ie3KQVq8.png
ETH being considered in trouble because of the competition that it has, is a great thing for the crypto world, because while ETH itself is still going up, other things are going up as well, which makes it even better. I am not saying that we are going to see ETH going down, I think that will continue to go up, we just going ot have a situation where everything else goes up as well.
The wealth will be shared basically and that would be the most important part of it all. That doesn't mean that we are going to see something out of that, it should be noted that we are going to see crypto in general get a benefit from this ETF situation as well, it would benefit not just ETH but also the whole crypto world in the end.
Ethereum has many competitors who are trying to beat the Ethereum network by creating new networks that have cheaper transaction fees, very high transaction speeds and also quite good security. BNB and Solana pose a very serious threat to the future of Ethereum. The wealth will be shared basically and that would be the most important part of it all. That doesn't mean that we are going to see something out of that, it should be noted that we are going to see crypto in general get a benefit from this ETF situation as well, it would benefit not just ETH but also the whole crypto world in the end.
ETH being considered in trouble because of the competition that it has, is a great thing for the crypto world, because while ETH itself is still going up, other things are going up as well, which makes it even better. I am not saying that we are going to see ETH going down, I think that will continue to go up, we just going ot have a situation where everything else goes up as well.
The wealth will be shared basically and that would be the most important part of it all. That doesn't mean that we are going to see something out of that, it should be noted that we are going to see crypto in general get a benefit from this ETF situation as well, it would benefit not just ETH but also the whole crypto world in the end.
The wealth will be shared basically and that would be the most important part of it all. That doesn't mean that we are going to see something out of that, it should be noted that we are going to see crypto in general get a benefit from this ETF situation as well, it would benefit not just ETH but also the whole crypto world in the end.
Although Solana is getting a lot of hype in the current market Ethereum is still the leader in altcoins.
The problem is not only that, but even after Bitcoin gains sufficient momentum, a correction occurs in the price, and since the price of Solana differed greatly from most altcoins and increased by a large percentage compared to Bitcoin, it will have a unique correction that is different from the rest of the altcoins, so investing now is not a wise policy unless you believe that The current price is unfair and Solana is being sold for less than its value.
I think, Ethereum was among the altcoins that helped traders to achieved a huge amount of income early this year before the price of Ethereum begin to reducing to this current price, which many traders are using to purchase Ethereum and hold for another bullish season that is about to happen before the end of this year. I don't think the journey of Ethereum was bad, because the price increased to $4000 to break into a new ATH which there are some altcoins never increase higher this season, but there is a hope those altcoins will increase along side with Ethereum in the next bullish season. Bitcoin really perform well in this season to allowed traders to achieved massive income from their trading, because it was a great opportunity for Bitcoin traders not to miss the new ATH in the market which is the target of many traders to earn income.
Although Solana is getting a lot of hype in the current market Ethereum is still the leader in altcoins.
The problem is not only that, but even after Bitcoin gains sufficient momentum, a correction occurs in the price, and since the price of Solana differed greatly from most altcoins and increased by a large percentage compared to Bitcoin, it will have a unique correction that is different from the rest of the altcoins, so investing now is not a wise policy unless you believe that The current price is unfair and Solana is being sold for less than its value. 
#ETH had a strong price increase in Q1 2024, prices have now completed a correction and are ready to return to gain higher. The new opportunity at the current price..
It is too early to say that the correction has ended and this is clearly visible on the ETHUSDT chart. And the fact that the ETH price is currently trading below the trend line indicates that we may still see a deeper correction. But you are right that ETH has a very good potential to reach ATH.
But of course if ever Ethereum will not pass on etf spot it doesn't mean the price will not going to go up, it is still unpredictable and we don't know what's gonna be the next move on this situation anyway, right?
Always said ETF is sort of meaningless to me. You want ETH you just go buy it. It might actually make sense for Bitcoin with limited supply and less and less new coins coming out but ETH staking while has a theoretical cap essentially means there's always ETH if you need some.
But tokenomics aside, the proof is in ATH. Bitcoin hit a new one. I can't think of any other alt which was around since 2017 that hit a new ATH. To me that says a lot.
https://s3.tradingview.com/snapshots/s/SWwSDxf8.png
This is important signal for a new altcoin season. Plus, positive for both btc and all alt-coins bros.
This is important signal for a new altcoin season. Plus, positive for both btc and all alt-coins bros.
The value of Ethereum increased against the dollar and stable currencies, but not against Bitcoin and Solana, as Solana took a lot of Ethereum’s market share, and with the presence of competitors in the second tier such as MATIC and POS alternatives, I do not think that the value of Ethereum will increase in the future, or at least against the value of Bitcoin and Solana.
The only thing that might push the price higher is the acceptance of an ETF, but that may not happen soon.
The only thing that might push the price higher is the acceptance of an ETF, but that may not happen soon.
Many people expect the ETH spot to be approved immediately. It seems that recently someone said that the chances that the Etf spot will be approved in Ethereum are 70% immediately.
But just last week, it seems that the wind suddenly changed because the grayscale support there also suddenly changed, according to the articles I read.
Quote
Crypto asset manager Grayscale Investments' proposal for an exchange-traded fund tied to ether futures was withdrawn last week,
according to a Tuesday notice from the U.S. Securities and Exchange Commission.
source: https://www.cnbc.com/2024/05/08/grayscales-application-for-ethereum-futures-etf-withdrawn-.htmlaccording to a Tuesday notice from the U.S. Securities and Exchange Commission.
But of course if ever Ethereum will not pass on etf spot it doesn't mean the price will not going to go up, it is still unpredictable and we don't know what's gonna be the next move on this situation anyway, right?
there are some risk of ETF getting disapproved that could further put the current price of eth at danger of decline though, so i will wait on that first before making decision even though i'm pretty sure by the time news out its probably already too late to invest in ETH but it does make sense to wait until the ETF news comes out then make decision after that.
since bitcoin is still bullish i'm pretty sure that even if ethereum ETF looking grim there's big fat chance the price gonna hold up and everything gonna be all rgiht.
until then its matter of waiting until bitcoin have the rally we've been waiting for so long already to help ETH climbs up while we can buy the dips probably sub $3k.
even though that scenario might not play out but there's always chance however if ETF looking great for ETH, then people are gonna be making profit.
since its first altcoin ever to get ETF.
since bitcoin is still bullish i'm pretty sure that even if ethereum ETF looking grim there's big fat chance the price gonna hold up and everything gonna be all rgiht.
until then its matter of waiting until bitcoin have the rally we've been waiting for so long already to help ETH climbs up while we can buy the dips probably sub $3k.
even though that scenario might not play out but there's always chance however if ETF looking great for ETH, then people are gonna be making profit.
since its first altcoin ever to get ETF.
Although Solana is getting a lot of hype in the current market Ethereum is still the leader in altcoins. I haven't seen any news that would have created a demand for Ethereum but there can a negative news that might stall the price pump. There are speculations that Ethereum ETF will not get approved by May. If it had got approved then we could have seen a price push. Currently Ethereum is following the same pattern as Bitcoin and I don't foresee a big change in its price by the year end.
Important Note for serious traders!
Today, the weight of BTC is around up to 70% and ETH is around 25% and the left is for the top altcoin.
So, focus on the allocation, donr try to forecast.
When the allocation is changed, adaption to the new weight.
As a trader, the time frame in which you trade is short and limited and in a daily or weekly range at the latest. Relying on the sizes of cryptocurrencies or the capacity of the market will not be of much benefit, as it is impossible for this percentage to change within the trader’s time frame.Today, the weight of BTC is around up to 70% and ETH is around 25% and the left is for the top altcoin.
So, focus on the allocation, donr try to forecast.
When the allocation is changed, adaption to the new weight.
The trader focuses on support and resistance points and expected demand more than the general trend or INDEX.
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