Data's Inner Circle 👑 (WILL NEVER DM YOU FIRST)
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https://x.com/TheCryptoData The Inner Circle is where I share my thought process on the overall market, including technical analysis, altcoins, and narrative rotations 💎 Nothing shared is financial/investment advice and should not be taken as such.
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🟢 LONG - OP
🟢 PRICE - 1.91
🟢 LEVERAGE - 3x-10x
TP1 - 2.04
TP2 - 2.17
TP3 - 2.57
Stop Loss - 1.68
Reason: I'm starting to see some bullish indications on altcoins again, especially ETH. If ETH sends here, OP will pump massively. It's also at good support and the RSI and StochRSI are extremely bullish on the Daily.
Trade here - https://blofin.com/futures/OP-USDT
👉 Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account when you deposit USDT - https://partner.blofin.com/d/CryptoData
❌ I WILL NEVER DM YOU FIRST! BEWARE OF SCAMMERS ❌
Current Market Update
- Tether is getting delisted from EU exchanges today due to the upcoming MiCA regulations but I wouldn't pay much attention to this. Tether has $143B AUM (assets under management), a top 20 holder of US treasuries (more than all but 18 countries), and it's banked by Cantor Fitzgerald (whose CEO is future Commerce Secretary of the US). Don't fall for the FUD. It's also historically marked a bottom in the market.
- I'm also starting to notice ETH outperforming BTC here which lines up with other metrics I've seen (historically ETHBTC bottoms in December, based on the 2020 cycle)
- ETH inflows have also been positive for 4 days in a row while BTC has only been positive 1out of 4 days
- ETHBTC is also bouncing off of support on the weekly with the RSI bouncing off of the signal line
- When ETH rallies, alt season begins
The next few weeks are going to be very exciting (FTX refunds start Jan 3rd), so just survive the rest of this volatility before up-only restarts. I'm buying any dips that come 🐂
Just uploaded my Complete Guide to Trading on Blofin! I cover:
- Creating an account
- How to deposit/withdraw
- How to transfer funds to your futures account and secure the 15% bonus
- How to trade futures and set multiple TP/SL orders
- How to use Trading Bots
- How to use a Demo account
- How to become a sub-affiliate under my account and earn more
- How to access their FAQs and support section
- Blofin proof of reserves and regulatory compliance
Let me know if you have any questions 🤝
❌ I WILL NEVER DM YOU FIRST! BEWARE OF SCAMMERS ❌
https://youtu.be/40uhTR5Td0E?feature=shared
Hope everyone has a Merry Christmas! 🎄🎁
SOL has been doing great so far and nearly touched our TP1. I’m still holding 💰
I really appreciate everyone who’s signed up using my Blofin link, it really helps 🙏 They’re still giving a 15% deposit bonus when you transfer USDT to your futures account - https://partner.blofin.com/d/CryptoData 🎁
Make sure to enjoy time with your friends and family. I’m looking forward to 2025 being an amazing year for us all 🥂
❌ I WILL NEVER DM YOU FIRST! BEWARE OF SCAMMERS ❌
🟢 LONG - SOL
🟢 PRICE - 189
🟢 LEVERAGE - 3X-10x
TP1 - 203
TP2 - 213
TP3 - 220
Stop Loss - 173
Reason: I'm starting to see some bullish indications on SOL again. It's back above 185 with the RSI/StochRSI curving back to the upside. If it can close above 185 on the daily, my next target will be 203. I'm placing my stop below the 200 EMA which it bounced off of before.
Trade here - https://blofin.com/futures/SOL-USDT
👉 Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account - https://partner.blofin.com/d/CryptoData
❌ I WILL NEVER DM YOU FIRST! BEWARE OF SCAMMERS ❌
ENA TP1 and TP2 hit! 💰
Now move your stop loss to breakeven (entry) and enjoy riding these profits. We’re back 🤝
👉 Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account - https://partner.blofin.com/d/CryptoData
❌ I WILL NEVER DM YOU FIRST! BEWARE OF SCAMMERS ❌
🟢 LONG - ENA
🟢 PRICE - 0.90
🟢 LEVERAGE - 3X
TP1 - 0.99
TP2 - 1.08
TP3 - 1.20
Stop Loss - 0.82
Reason: We've had intense sell-offs for two days. Most are capitulating and calling for much lower. There's headlines covering the massive crash. This is when you start layering in on high conviction plays. Be careful as we could still have one more flush, but at the very least, I would start building a spot position or low leverage. ENA recently partnered with World Liberty Fi so it's not going anywhere imo. It's one of my high conviction plays along with LINK and ONDO.
The daily RSI is reset below 50 and the StochRSI is oversold. Invalidation is below the major daily support of 0.84 which is why my stop loss is 0.82. I mentioned I don't like to catch falling knives which is why I'm keeping this low leverage.
Trade here - https://blofin.com/futures/ENA-USDT
👉 Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account - https://partner.blofin.com/d/CryptoData
❌ I WILL NEVER DM YOU FIRST! BEWARE OF SCAMMERS ❌
🟢 LONG - LTC
🟢 PRICE - 108
🟢 LEVERAGE - 3-10X (based on preference)
TP1 - 115
TP2 - 125
TP3 - 136
Stop Loss - 102
Reason: LTC had a nice pullback to support and bounced off of the 50 EMA to a tee, forming a nice reversal candle (so far). It's still a contender for an ETF (being a fork of Bitcoin) and I believe we could still see some traction from it. The RSI is reset at 50 and the StochRSI is still oversold.
You could technically get out if we close the daily below 107 but I'm placing my stop below the 50 EMA as that it where it bounced last time. I know there's a lot of fear in the market but this is when I like to look for opportunities. Manage your risk accordingly as we're not out of the woods yet.
Trade here - https://blofin.com/futures/LTC-USDT
👉 Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account - https://partner.blofin.com/d/CryptoData
❌ I WILL NEVER DM YOU FIRST! BEWARE OF SCAMMERS ❌
🟢 LONG - CHILLGUY
🟢 PRICE - 0.36
🟢 LEVERAGE - 3-10X (based on preference)
TP1 - 0.39
TP2 - 0.44
TP3 - 0.50
Stop Loss - 0.323
Reason: Starting to see more reputable accounts post about it on X + the indicators on the Daily are oversold and it just broke out of a downtrend. I think it sends soon.
Trade here - https://blofin.com/futures/CHILLGUY-USDT
👉 Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account - https://partner.blofin.com/d/CryptoData
I remain very bullish for the next few weeks. I just put out a tweet outlining my reasoning 👇
https://x.com/TheCryptoData/status/1868185057996992814
A few upcoming narratives/events:
- AI Agents, DeSci, and RWA are starting to gain traction again
- We still have the FTM rebrand soon
- AVAX9000 mainnet Dec 16th
- PENGU token launch this month with airdrop to holders
- Potential Opensea airdrop this month
- FOMC Meeting Dec 17-18th. This will determine the rest of the year
Stick to high conviction plays and manage your risk accordingly. There's going to be a lot of plays over the next few weeks 💰
